Foreign exchange risk exposure: Survey and suggestions
A Muller, WFC Verschoor - Journal of Multinational Financial Management, 2006 - Elsevier
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 …
challenging issues in international financial management over the last two decades. This …
European foreign exchange risk exposure
A Muller, WFC Verschoor - European Financial Management, 2006 - Wiley Online Library
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 …
economically significant exposure effects to the Japanese yen, 14% to the US dollar and …
Does multinationality matter? Implications of operational hedging for the exchange risk exposure
JJ Choi, C Jiang - Journal of Banking & Finance, 2009 - Elsevier
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 …
firm matters in terms of its effect on exchange risk exposure. In this paper, we examine the …
Foreign exchange risk management by Swedish and Korean nonfinancial firms: A comparative survey
B Pramborg - Pacific-Basin Finance Journal, 2005 - Elsevier
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 …
findings suggest that the aim of hedging differed between firms in the two countries. Korean …
A firm‐specific analysis of the exchange‐rate exposure of Dutch firms
A De Jong, J Ligterink, V Macrae - Journal of International …, 2006 - Wiley Online Library
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 …
sample of Dutch firms over 1994–1998. We find that over 50 per cent of the firms are …
Corporate risk management under information asymmetry
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 …
and biotech firms that are subject to a high level of information asymmetry stemming from …
Asian foreign exchange risk exposure
A Muller, WFC Verschoor - Journal of the Japanese and International …, 2007 - Elsevier
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 …
effects to the US dollar and 22.5 percent to the Japanese yen for the period January 1993 to …
International evidence on the determinants of foreign exchange rate exposure of multinational corporations
RW Faff, A Marshall - Journal of International Business Studies, 2005 - Springer
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 …
exposure and firm value. We contribute to previous research on stock returns and firm value …
The exposure of shipping firms' stock returns to financial risks and oil prices: a global perspective
AA El-Masry, M Olugbode, J Pointon - Maritime Policy & …, 2010 - Taylor & Francis
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 …
seem to be highly susceptible to fluctuations in macroeconomic factors. This article …
The exchange rate exposure of UK non‐financial companies
A El‐Masry, O Abdel‐Salam, A Alatraby - Managerial finance, 2007 - emerald.com
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 …
financial companies from January 1981 to December 2001. Design/methodology/approach …