Foreign Exchange Exposure and Cost of Equity for U.S. Companies: Local Versus Global CAPM

2010 ◽  
Author(s):  
Walter Dolde ◽  
Carmelo Giaccotto ◽  
Dev R. Mishra ◽  
Thomas J. O'Brien
Keyword(s):  
Foreign Exchange ◽  
Cost Of Equity ◽  
Foreign Exchange Exposure

Foreign Exchange Exposure and the Term-Structure of Industry Cost of Equity

2011 ◽  
Author(s):  
Alain Krapl ◽  
Carmelo Giaccotto
Keyword(s):  
Term Structure ◽  
Foreign Exchange ◽  
Cost Of Equity ◽  
Foreign Exchange Exposure

An Empirical Analysis of Foreign Exchange Exposure of CNX 100 Companies

GIS Business ◽  
2017 ◽  
Vol 12 (5) ◽  
pp. 1-9 ◽  
Author(s):  
Sriram Mahadevan
Keyword(s):  
Exchange Rate ◽  
Stock Returns ◽  
Foreign Exchange ◽  
Foreign Exchange Rate ◽  
Future Research ◽  
Export Ratio ◽  
Exchange Rate Exposure ◽  
Ratio Size ◽  
Foreign Exchange Exposure ◽  
Exchange Rate Changes

The present study has empirically examined the level of foreign exchange exposure and its determinants of CNX 100 companies. For the purpose of study, the relationship between exchange rate changes and stock returns for a sample of 82 companies was determined for the period April 2011-March 2016. The study finds that 49% of the sample companies had significant positive foreign exchange rate exposure and the found that the companies could be exporters or net importers. To explore factors determining foreign exchange rate exposure, variables such as export ratio, import ratio, size of a company, hedging activities were regressed against the exchange exposure and the study found that none of the factors was influencing the exchange rate exposure. The study concludes that the reasons for insignificant influence of the variables could be the natural hedging practices of companies, offsetting of exports and imports and heterogeneous of the sample size. The study offers few directions for future research in this area.

Foreign Exchange Exposure of U.S. Firms in the Pacific Rim

2005 ◽  
Author(s):  
Lifan Zhang ◽  
Timothy Falcon Crack
Keyword(s):  
Foreign Exchange ◽  
Pacific Rim ◽  
The Pacific ◽  
Foreign Exchange Exposure

Variability of Foreign Exchange Exposure and its Relations to Firm Value

2016 ◽  
Vol 20 (3) ◽  
pp. 79
Author(s):  
Taek Ho Kwon
Keyword(s):  
Foreign Exchange ◽  
Firm Value ◽  
Foreign Exchange Exposure

scholarly journals The foreign exchange exposure of UK non-financial firms: A comparison of market-based methodologies

2013 ◽  
Vol 29 ◽  
pp. 251-260 ◽  
Author(s):  
Sam Agyei-Ampomah ◽  
Khelifa Mazouz ◽  
Shuxing Yin
Keyword(s):  
Foreign Exchange ◽  
Financial Firms ◽  
Foreign Exchange Exposure

scholarly journals Foreign exchange exposure: Evidence from the U.S. insurance industry

2009 ◽  
Vol 19 (2) ◽  
pp. 306-320 ◽  
Author(s):  
Donghui Li ◽  
Fariborz Moshirian ◽  
Timothy Wee ◽  
Eliza Wu
Keyword(s):  
Foreign Exchange ◽  
Insurance Industry ◽  
Foreign Exchange Exposure ◽  
The U.S

scholarly journals Foreign Exchange Exposure and Hedging of Turkish Companies: Panel Data Evidence

2016 ◽  
Vol 9 (6) ◽  
pp. 44
Author(s):  
Mahmut Erdogan
Keyword(s):  
Panel Data ◽  
Foreign Exchange ◽  
Positive Relationship ◽  
Negative Relationship ◽  
Empirical Support ◽  
Turnover Ratio ◽  
Time Horizons ◽  
Short Run ◽  
Asset Turnover ◽  
Foreign Exchange Exposure

<p>This study investigates the foreign exchange exposure and determinants of risk for different time horizons of Turkish companies from 1997 to 2011. In order to analyze the effect of the 2001 crisis, the study is split into two sub-periods: pre-crisis, and post-crisis. The empirical findings of the study suggest a negative relationship between exposure and asset turnover ratio, and profit margin, while there was a positive relationship between exposure and leverage. The study also provides empirical support for the fact that the companies with a higher export rate are exposed to higher risk. Finally, large companies are subject to less risk in the short run.</p>

MANAGING FOREIGN EXCHANGE EXPOSURE

1991 ◽  
Vol 3 (4) ◽  
pp. 73-82 ◽  
Author(s):  
John J. Pringle
Keyword(s):  
Foreign Exchange ◽  
Foreign Exchange Exposure
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