This paper identifies the financial risk factors associated with international construction ventures from an integrated perspective. It examines the most effective mitigation measures adopted by construction professionals in managing these risks for their construction projects and suggests other means of risk aversion. A case study of forward exchange contracts versus borrowing strategies is presented. The paper is an attempt to present strategies to minimize foreign exchange risk and to better manage foreign exchange dealings.
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Kapila et al. (2001) studied this question.
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