Exchange rate exposure
Crossing the Lines: The Conditional Relation between Exchange Rate Exposure and Stock Returns in Emerging and Developed Markets
... the exchange rate on firms’ required rates of return can be exam- ined by estimating risk premium relative to an exposure over a sample period, where the currency movements are distributed something ...
46
Exchange Rate Exposure of Chinese Firms at the Industry and Firm level
... the exchange rate exposure of Chinese firms at the industry and firm level based on the conventional capital asset pricing model (CAPM) ...for exposure measurements, and industry returns are ...
26
The Exchange Rate Exposure Puzzle
... to exchange rate changes quickly (real options), it likely will take the firm some time to make the desired operational ...an exchange rate change dampen the market’s perception of the ...
40
What Lies Beneath: Foreign Exchange Rate Exposure, Hedging and Cash Flows
... the exposure coefficients for the British Pound, the Norwegian Krone, and the Swedish Krona are positive, which identifies these as export mar- kets, ...foreign exchange rate exposures indicates that ...
31
Market Structure and Exchange Rate Exposure: The Case of Consumable Goods
... between exchange rate exposure and pass-through as derived in their model is consistent with actual ...study exposure plays a key role and the consumable products are more appropriate to ...
50
Examining exchange rate exposure, hedging and executive compensation in US manufacturing Industry
... The core concept of this study goes back to the classical study of agency theory. The executives are the agents taking care of the business on behalf of the shareholders. If the executives are well compensated then it is ...
90
Exchange rate exposure, foreign currency derivatives and the introduction of the euro : French evidence
... to exchange rate ...that exchange rate exposure is significantly reduced via the use of foreign currency ...identify exchange rate ...
31
Asymmetric Exchange Rate Exposure of Stock Returns: Empirical Evidence from Chinese Industries
... to exchange rate changes, which adds an additional source of ...asymmetric exchange rate exposure at the industry level could provide new insight into systematic risks for ...between ...
34
A Research on the Exchange Rate Exposure of Firms Listed in Borsa Istanbul*
... the exchange rate exposure of sample firms between these ...in exchange rates and market return against the stock returns, is widely used in the ...in exchange rates, measure the ...
12
The Economic Exchange Rate Exposure: Evidence for a Small Open Economy
... the exposure of US multinationals to foreign currency risk through simple OLS regression ...trade-weighted exchange rate differs systematically across ...in exchange-rate ...
20
Asymmetric Exchange Rate Exposure in Indonesian Industry Sectors
... Exchange rate exposure that measures the sensitivity of firm’s value to exchange rate changes is a crucial issue in financial management, because unexpected exchange rate ...
35
Exchange-rate exposure in a “Rule of Three” Model
... examine exchange-rate exposure in an international Bertrand model of differentiated goods using a “Rule of Three” (RoT) market structure that allows both within and between countries ...of ...
23
Resolving the Exposure Puzzle: The Many Facets of Exchange Rate Exposure
... Residual Exposure still (i) overestimates exposures on average and (ii) predicts a wider range of exposures than actually observed among ...foreign exchange rate exposure with the naive ...
64
CORPORATE INTERNATIONAL DIVERSIFICATION, EXCHANGE RATE EXPOSURE, AND FIRM VALUE: AN ANALYSIS ON UNITED KINGDOM MULTINATIONALS
... It is widely believed that exchange rate exposure can affect the value of the multinationals. More specifically, an increase in home currency value decreases multinationals value by decreasing ...
22
Oil Prices Fluctuations & Its Impact on Russians Economy; An Exchange Rate Exposure
... of exchange rate tends to expand exports and reduce imports, while the appreciation of exchange rate would discourage exports and encourage ...Thus, exchange rate depreciation ...
9
Exchange rate exposure and firm dynamics
... the exposure to currency risk ...the exposure to currency risk increases a firm’s default probability and cost of funds sufficiently such that the optimal decision is to only issue local currency ...higher ...
89
The Impact of Exchange Rate Movements on Firm Value in Visegrad Countries
... highest exposure is observed in case of Hungary and ...decreased exchange rate exposure in ...increased exposure coefficient can be explained by the high ratio of company debt ...
7
Foreign Currency Exposure and Hedging: Evidence from Foreign Acquisitions
... in exchange rate exposure from the period before the deal to the ...no exposure before the deal (because the firm is just operating in the ...significant exposure after the deal, ...
33
Foreign exchange exposure, competition and the market value of domestic corporations of UAE
... the exposure model specification, which improves the precision of the exchange rate exposure estimates and controls the value-relevant macroeconomic characteristics connected with the ...
253
The Exposure of Albanian Firms to the Exchange Rate Risk and Its Hedging
... Foreign exchange is among the most important risks facing most economic agents, whether they are corporations, institutional investors, or ...the exchange rate risk, which has a big impact in their ...
7