Assessing the sensitivity of firm value to exchange rate changes has been one of the most
challenging issues in international financial management over the last two decades. This …

We find that about 13% of our sample of 817 European multinational firms experienced
economically significant exposure effects to the Japanese yen, 14% to the US dollar and …

An important issue in global corporate risk management is whether the multinationality of a
firm matters in terms of its effect on exchange risk exposure. In this paper, we examine the …

This study compares the hedging practices of Swedish and Korean nonfinancial firms. Our
findings suggest that the aim of hedging differed between firms in the two countries. Korean …

We examine the relationship between exchange‐rate changes and stock returns for a
sample of Dutch firms over 1994–1998. We find that over 50 per cent of the firms are …

This paper examines the financial and operational hedging activities of US pharmaceutical
and biotech firms that are subject to a high level of information asymmetry stemming from …

We find that about 25 percent of Asian firms experienced economically significant exposure
effects to the US dollar and 22.5 percent to the Japanese yen for the period January 1993 to …

In this paper we explore some of the potential determinants of foreign exchange (FX)
exposure and firm value. We contribute to previous research on stock returns and firm value …

Shipping is an industry that is highly geared towards international trade and therefore, would
seem to be highly susceptible to fluctuations in macroeconomic factors. This article …

Purpose–The purpose of this paper is to investigate the exchange rate exposure of UK non‐
financial companies from January 1981 to December 2001. Design/methodology/approach …