Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Length: 12 pages
Data source: Field research
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Abstract
A prolonged decline in copper prices prompts Phelps Dodge, one of the world''s largest independent copper companies, to consider corporate diversification as a means of protecting itself from copper price volatility.; Raises issues about why and under what circumstances companies should actively manage their exposures, how they should go about doing so, and whether or not corporate diversification is an appropriate means of managing risk.
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Abstract
A prolonged decline in copper prices prompts Phelps Dodge, one of the world''s largest independent copper companies, to consider corporate diversification as a means of protecting itself from copper price volatility.; Raises issues about why and under what circumstances companies should actively manage their exposures, how they should go about doing so, and whether or not corporate diversification is an appropriate means of managing risk.