Journal ArticleDOI
Foreign exchange exposure of “domestic” corporations
Raj Aggarwal,Joel T. Harper +1 more
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TLDR
In this article, the authors found that on average domestic company foreign exchange exposure is not significantly different from the exposures faced by multinational firms, and that the level of domestic firm exposure is negatively related to firm size and asset turnover, and positively related to the market to book ratio and financial leverage.About:
This article is published in Journal of International Money and Finance.The article was published on 2010-12-01. It has received 98 citations till now. The article focuses on the topics: Foreign exchange risk & Asset turnover.read more
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Role of research and development in green economic growth through renewable energy development: Empirical evidence from South Asia
TL;DR: In this paper , the impact of renewable energy, R&D, and industrialization on the green economic growth of the South Asian region from 2008 to 2020 was examined. But, the authors focused on examining the impact on R&Ds and industrialisation on green economy growth and concluded that developing nations gain more from the industrialization initiative than developed countries.
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Unconditional and Conditional Exchange Rate Exposure
Ines Chaieb,Stefano Mazzotta +1 more
TL;DR: The authors examined the relationship between exchange rate movements and firm value and found that exposure varies over time with macroeconomic and financial variables and increases during economic contractions, and that deviations from the unconditional measure of exposure driven by the macroeconomic variables are economically meaningful.
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Exchange Rate Movement and Foreign Direct Investment in Asean Economies
TL;DR: In this paper, the authors empirically analyzed the exchange rate movements and foreign direct investment (FDI) relationship using annual data on ASEAN economies, that is, Malaysia, the Philippines, Thailand, and Singapore.
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Future directions in international financial integration research - A crowdsourced perspective
Brian M. Lucey,Samuel A. Vigne,Laura Ballester,Leonidas G. Barbopoulos,Janusz Brzeszczyński,Oscar Carchano,Nebojsa Dimic,Viviana Fernandez,Fabian Gogolin,Ana González-Urteaga,John W. Goodell,Pia Helbing,Riste Ichev,Fearghal Kearney,Elaine Laing,Charles James Larkin,Annika Lindblad,Igor Loncarski,Kim Cuong Ly,Matej Marinč,Richard McGee,Frank McGroarty,Conor Neville,Martha O'Hagan-Luff,Vanja Piljak,Aleksandar Šević,Xin Sheng,Dimitrios Stafylas,Andrew Urquhart,Roald J. Versteeg,Anh N. Vu,Simon Wolfe,Larisa Yarovaya,Andrea Zaghini +33 more
TL;DR: In this article, the authors highlight the actual state of scientific knowledge in a multitude of fields in finance and propose different directions for future research and highlight the potential of future research in finance.
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Foreign exchange exposure and multinationality
Elaine Hutson,Elaine Laing +1 more
TL;DR: In this article, the authors examined the relation between firms' foreign exchange exposure and the extent of their multinationality as a proxy for operational hedging and found that the two hedging techniques are complementary for all but the most highly operationally hedged firms.
References
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Journal ArticleDOI
Common risk factors in the returns on stocks and bonds
Eugene F. Fama,Kenneth R. French +1 more
TL;DR: In this article, the authors identify five common risk factors in the returns on stocks and bonds, including three stock-market factors: an overall market factor and factors related to firm size and book-to-market equity.
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The Cross‐Section of Expected Stock Returns
Eugene F. Fama,Kenneth R. French +1 more
TL;DR: In this paper, Bhandari et al. found that the relationship between market/3 and average return is flat, even when 3 is the only explanatory variable, and when the tests allow for variation in 3 that is unrelated to size.
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The exchange-rate exposure of u.s.multinationals
TL;DR: In this article, the authors examined the exposure of U.S multinationals to foreign currency risk and found that the relationship between stock returns and exchange rates differs systematically across multinationals.
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Exposure to Currency Risk: Definition and Measurement
Michael Adler,Bernard Dumas +1 more
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Firm Valuation, Earnings Expectations, and the Exchange‐Rate Exposure Effect
Eli Bartov,Gordon M. Bodnar +1 more
TL;DR: In this article, the authors investigate the possibility that this failure is due to mispricing and find no significant correlation between the abnormal returns of their sample firms with international activities and changes in the dollar.