This study analyzes the effects of corporate international diversification (CID) on risk. Results
document a mostly positive relation between CID, as measured by four different empirical …

Amid China's burgeoning economy, the international use of the RMB in global markets has
risen significantly in recent years (Cheung, 2021; Cheung, Hui, & Tsang, 2018). As of end …

Propósito-Distintos entornos económicos y financieros tanto corporativos como bursátiles se
basan en el desarrollo de análisis de riesgos y oportunidades de negocio, empleando como …

Using data on all firms listed in the top segment of the Frankfurt Stock Exchange during the
years 1960 to 2007, we investigate how the (Sharpe-Lintner) CAPM performs under the …

For individual stocks of 46 countries, this study investigates empirical differences in discount
rate estimates between three risk-return models of interest to managers who perform …

This paper makes two contributions to the literature. First, we build on the methodology of
Ang and Liu (2004) to model the cost of capital term-structure for firms subject to foreign …

Estimating comovement measures for a large set of bilateral foreign exchange (FX) rates, I
explore the relation between firm-level FX exposure and its time-varying diversifiability. For a …

Empirical reports of priced foreign exchange (FX) risk raise the question of whether
managers should adjust their cost of equity estimates for FX risk. To study this question, we …

Purpose Making rational and undistorted corporate investment decisions is critically
important to organisations.“Scientific” investment appraisal can play a central role …

exchange rate as a source of uncertainty exposes investors to some kind of risk. When
investors are exposure to exchange risk, it's expected that investors expect higher return but …