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Komfie Manalo, Opalesque Asia:

A big number of corporate executives in the U.K. have not taken any actions to mitigate the negative effects of a "Brexit" on their companies despite fears that the move would be disorderly and potentially volatile process, a study by Greenwich Associates has found.

The study, involving corporate treasurers and CFOs at 90 large Western European corporates in the U.K. and continental Europe from April 12–27, also found that more than half of those surveyed believe it is at least somewhat likely that the U.K. will leave the European Union.

"These risks are much on the mind of corporate executives, but companies have taken little or no action to mitigate them," says Dr. Tobias Miarka, Greenwich Associates Managing Director and author of a new report Brexit: Is Hope a Strategy?

The result of the study has concluded that: 1) Companies in the U.K. and continental Europe see Brexit as a real possibility, and 2) Given companies’ deep levels of integration across the two markets, corporate treasury officials think a U.K. exit would have a significant impact on their own businesses and overall trade. In light of this, it is surprising to find that few executives have put in place security measures to protect their companies from the expected volatility, Greenwich said in a statement.

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