scholarly journals The Effect of the Exchange Rate Risk on the Stock Prices of the Energy Companies

2013 ◽  
Vol 5 (2) ◽  
pp. 106-116
Author(s):  
Ayhan Kapusuzoglu
Keyword(s):  
Regression Analysis ◽  
Exchange Rate ◽  
Stock Prices ◽  
Stock Exchange ◽  
Energy Sector ◽  
Exchange Rate Risk ◽  
Market Return ◽  
Rate Risk ◽  
Istanbul Stock Exchange ◽  
Energy Companies

The purpose of this study is the examination of the effect of the unexpected exchange rate risk on the stock prices of the energy companies which are transacted in the ISE (Istanbul Stock Exchange) National 100 index, for the period of 03/01/2005 – 29/06/2012. In addition, the study has investigated the effect of the market return on the stocks of the related companies in the same period. In line with that purpose, a multi-regression analysis has been realized in order to examine whether there was any effect or not. At the end of this inquiry, it was concluded that the unexpected exchange rate risk had a very small effect on the companies which are active in the energy sector and the return on market, on the contrary, had a very big effect thereon.

scholarly journals The Effects Of Global Economic Crisis of 2008 to Financial Statements and Liquidity Ratios Which Companies are Settled In BIST Energy Sector (2005-2013 Term Review)

2017 ◽  
Vol 6 (1) ◽  
pp. 6
Author(s):  
Selcuk Kendirli ◽  
Muhammet Cankaya ◽  
Altug Cagatay
Keyword(s):  
Economic Crisis ◽  
Stock Exchange ◽  
Financial Statements ◽  
Energy Sector ◽  
Istanbul Stock Exchange ◽  
Global Economic Crisis ◽  
Energy Companies

Abstract. Aim of this study is to compare and analyze whether the 2008 global economic crisis affected the balance of the energy companies which are listed in the İstanbul Stock Exchange and have shown continuity in 2005-2013 period by using a variety of analyzing methods. Companies that demonstrate continuity between the years 2005-2013 were not assessed in this study. Horizontal and vertical analyses were made on the financial statements of the companies which are evaluated and liquidity ratios were assessed. As a result of the analysis the companies have been found to be affected to different degrees by the crisis.

scholarly journals Systemic Risk and Dynamics of Stock Prices: A Short and Long Run Analysis from Nigeria Capital Market

2019 ◽  
Vol 1 (1) ◽  
pp. 1-19
Author(s):  
Fortune Bella Charles ◽  
Charles Ugochukwu Okoro
Keyword(s):  
Capital Market ◽  
Systemic Risk ◽  
Stock Prices ◽  
Stock Exchange ◽  
Liquidity Risk ◽  
Exchange Rate Risk ◽  
Operating Environment ◽  
Rate Risk ◽  
Negative Effect ◽  
Dynamics Of Stock Prices

This study examined the effect of systemic risk on the dynamics of stock prices in Nigeria capital market. The objective was to investigate the dynamic effect of systemic risk on stock prices traded on the floor of Nigeria stock exchange. Time series data was sourced from Central Bank of Nigeria Statistical Bulletin from 1990-2017.  Stock prices were modeled as the function of prices risk, liquidity risk, interest rate risk and exchange rate risk. Multiple regression with ordinary least square properties of co-integration was used to examine the relationship between the dependent and the independent variables. The study found  price and liquidity risk have positive effect on stock price while interest rate and exchange rate risk have negative effect on stock prices of equities traded on Nigeria stock exchange. It concludes that systemic risk has significant effect on stock prices and recommends, among others, that the management of the capital market should ensure that the operating environment is risk minimum to ensure appreciable stock prices by developing strategies and policies aim at managing the systematic risk in the operating environment and engage a regular environmental impact assessment on systemic risk, to avert it’s negative effect on stock prices.

scholarly journals Pengaruh Kurs, Suku Bunga, dan Dividen Pershare Terhadap Harga Saham Pada Sektor Perbankan yang Terdaftar di Bursa Efek Indonesia Tahun 2013– 2017

2018 ◽  
Vol 10 (1) ◽  
pp. 21-33
Author(s):  
Atika Riziqyani ◽  
Gunistiyo ◽  
Niken Wahyu C
Keyword(s):  
Regression Analysis ◽  
Exchange Rate ◽  
Interest Rate ◽  
Linear Regression ◽  
Stock Prices ◽  
Stock Price ◽  
Banking Sector ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Share Price

The effect of exchange rate, interest rate and dividend of share price on banking sector which is listed in Indonesia Stock Exchange year 2013-2017. Essay. Tegal: Faculty of Economics and Business Universitas Pancasakti Tegal,2018. The purpose of this study is to determine the ability of investors in considering stock prices in the banking sector in 2013-2017. Hypothesis in this research is 1) exchange rate effect on stock price. 2) interest rates affect the stock price. 3) dividend pershare effect on stock price. 4) exchange rate, interest rate and dividend pershare simultaneously affect the stock price. The population used in this study is a banking company that publishes stock prices listed on the Indonesia Stock Exchange in 2013-2017. The sample in this research are 21 banking companies. With technique of sampling using purposive sampling. The data in this research is quantitative data. Sources of data in this study are secondary sources obtained from the share price of an annual banking company published in Indonesia Stock Exchange period 2013-2017. Data collection techniques using documentation techniques. Data analysis method using descriptive statistic, classical assumption test, simple linear regression analysis, multiple linear regression analysis and coefficient of determination, then obtained the result of research that the exchange rate does not have a significant effect on stock prices, the interest rate does not significantly influence the stock price, against stock price, exchange rate, interest rate and dividend pershare have significant effect to stock price.

scholarly journals INVESTING THE PRICING OF EXCHANGE RATE RISK IN THE STOCK MARKET: EVIDENCE FROM PAKISTAN STOCK MARKET

2016 ◽  
Vol 12 (2) ◽  
Author(s):  
Muhammad Tariq ◽  
Keyword(s):  
Exchange Rate ◽  
Stock Market ◽  
Term Structure ◽  
Discount Rate ◽  
Risk Premium ◽  
Foreign Currency ◽  
Stock Exchange ◽  
Exchange Rate Risk ◽  
Rate Risk ◽  
Currency Exposure

Objective: This paper is designed to empirically examine the pricing of exchange rate risk in the stock market in Pakistan. Methodology: The study is based on two-factor and multi-factor arbitrage pricing models. The empirical evidences are based on 15 years monthly data from January 1998 to December 2015, for exchange rate, discount rate, inflation, t bill and the Karachi Stock Exchange (KSE) 100 indexes is collected from State Bank of Pakistan and Karachi Stock Exchange. Results: The results, however, conclude that the exchange rate risk is priced in the stock market. Whereas, the remaining factors such as risk premium attached to foreign currency exposure and the term structure of discount rate appear to have significant effect on exchange rate risk. We can generalize that the exchange market in Pakistan are influenced by the stock market. Policy implication: This paper provides empirical evidence that the risk exposure of exchange rate is largely influenced by the changes in stock market. Therefore, the concerned persons are proposed for the consideration of this issue.

scholarly journals Pengaruh Risiko Pasar terhadap Profitabilitas Perusahaan Subsektor Bank pada Bursa Efek Indonesia

2018 ◽  
Vol 7 (2) ◽  
pp. 197
Author(s):  
Nawir Mansyur
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Stock Exchange ◽  
Financial Statements ◽  
Interest Rate Risk ◽  
Foreign Exchange Rate ◽  
Exchange Rate Risk ◽  
Rate Risk ◽  
Analysis Technique ◽  
Endogenous Variables

<em>This study aims to analyze the effect of interest rate risk and exchange rate risk on the profitability of the company sub-sector of the bank in Indonesia Stock Exchange (IDX). This study uses panel data from 24 bank financial statements from 2011-2014. The analysis technique uses path analysis with Smart PLS 3.0. Exogenous variables of interest rate risk and foreign exchange rate risk and endogenous variables are profitability. The results of the study found that interest rate risk positively and significantly affects the profitability and exchange rate risk negatively and significantly affects the profitability of the company sub-sector of the bank in Indonesia Stock Exchange</em>.

Systemic Risk and Dynamics of Stock Prices: A Short and Long Run Analysis from Nigeria Capital Market

2019 ◽  
Vol 1 (1) ◽  
pp. 1-19
Author(s):  
Fortune Bella Charles ◽  
Charles Ugochukwu Okoro
Keyword(s):  
Capital Market ◽  
Systemic Risk ◽  
Stock Prices ◽  
Stock Exchange ◽  
Liquidity Risk ◽  
Exchange Rate Risk ◽  
Operating Environment ◽  
Rate Risk ◽  
Negative Effect ◽  
Dynamics Of Stock Prices

This study examined the effect of systemic risk on the dynamics of stock prices in Nigeria capital market. The objective was to investigate the dynamic effect of systemic risk on stock prices traded on the floor of Nigeria stock exchange. Time series data was sourced from Central Bank of Nigeria Statistical Bulletin from 1990-2017.  Stock prices were modeled as the function of prices risk, liquidity risk, interest rate risk and exchange rate risk. Multiple regression with ordinary least square properties of co-integration was used to examine the relationship between the dependent and the independent variables. The study found  price and liquidity risk have positive effect on stock price while interest rate and exchange rate risk have negative effect on stock prices of equities traded on Nigeria stock exchange. It concludes that systemic risk has significant effect on stock prices and recommends, among others, that the management of the capital market should ensure that the operating environment is risk minimum to ensure appreciable stock prices by developing strategies and policies aim at managing the systematic risk in the operating environment and engage a regular environmental impact assessment on systemic risk, to avert it’s negative effect on stock prices.

scholarly journals DAMPAK NILAI TUKAR RUPIAH TERHADAP HARGA SAHAM YANG DIMODERASI OLEH PERTAMBAHAN KASUS COVID 19 DI INDONESIA

2021 ◽  
Vol 4 (1) ◽  
Author(s):  
Hayu Wikan Kinasih ◽  
Rizza Hardiyanti Rukmana
Keyword(s):  
Regression Analysis ◽  
Exchange Rate ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Sampling Period ◽  
Analysis Method ◽  
The World ◽  
The Status ◽  
The Relationship

The existence of Covid-19 which began to spread throughout the region in the world resulted in economic paralysis in various countries. This study aims to examine the effect of the rupiah exchange rate on stock prices, which is moderated by the number of positive cases of Covid-19 in Indonesia. This study took a sample of the hotel, restaurant and tourism sub-sector companies listed on the Indonesia Stock Exchange because the companies of this sector is heavily affected by the covid-19 pandemic. This research was conducted over a period of 4 months, from March 2020 to June 2020. The sampling period was based on determining the status of the Covid-19 pandemic in Indonesia in March 2020 which resulted in many companies in this sub-sector experiencing shocks. This study uses a moderated regression analysis method. The results prove that Rupiah Exchange Rate affects the Stock Price of the Hotel, Restaurant and Tourism sub-sector. In addition, the increase in Covid-19 cases also moderated the relationship between the rupiah exchange rate and the stock price.

Exchange Rate Risk Related to MICEX and RTS Indices

2015 ◽  
Vol 6 (7) ◽  
pp. 1375-1383
Author(s):  
Hana Florianová ◽  
Barbora Chmelíková
Keyword(s):  
Exchange Rate ◽  
Exchange Rate Risk ◽  
Rate Risk

ANALISIS EKSPOSUR EKONOMI DAN FAKTOR-FAKTOR YANG MEMPENGARUHINYA PADA PERUSAHAAN ROKOK YANG TERCATAT DI BEI

Wahana ◽  
2019 ◽  
Vol 21 (2) ◽  
pp. 98-109
Author(s):  
Ida Musdafia Ibrahim ◽  
Arif Haryono
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Cash Flow ◽  
Firm Value ◽  
Tobacco Industry ◽  
Cash Flows ◽  
Least Square ◽  
Exchange Rate Risk ◽  
Positive Effects ◽  
Rate Risk

This study aims to analyze economic exposures and its factors namely exchange rates and inflation, that influence firm value as reflected through firm cash flow. Analytical method used Ordinary Least Square and eviews as analytical tool. This study used secondary data and cigarette industry companies listed on the Indonesia Stock Exchange as samples along 2008 to 2017. Samples choosing method used purposive sampling based on determined criterias. The results showed that partially economic exposure had positive effects on firm value but insignificant. These could be seen from the economic exposure factors influncenced namely exchange rates and inflations.The exchange rate risk has low influenced cash flow was caused of the tobacco industry has low level of export/import.Enhance,inflation also had low effect on cash flow was caused of the tendency of cigarette consumers will continue to buy cigarettes even though its price increases. In short, economic exposure in the tobacco industry has low influence toward firms value. Hence, simultaneously changes in exchange rates and inflation which are economic exposure indicators have a significant effect on cash flows.  Keywords: Economic Exposure, Exchange Rate Risk, Inflation Risk, Firms Value, Cash Flow

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