《CANY10PL》.pdf

  1. 1、本文档共18页,可阅读全部内容。
  2. 2、原创力文档(book118)网站文档一经付费(服务费),不意味着购买了该文档的版权,仅供个人/单位学习、研究之用,不得用于商业用途,未经授权,严禁复制、发行、汇编、翻译或者网络传播等,侵权必究。
  3. 3、本站所有内容均由合作方或网友上传,本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺!文档内容仅供研究参考,付费前请自行鉴别。如您付费,意味着您自己接受本站规则且自行承担风险,本站不退款、不进行额外附加服务;查看《如何避免下载的几个坑》。如果您已付费下载过本站文档,您可以点击 这里二次下载
  4. 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等,请点击“版权申诉”(推荐),也可以打举报电话:400-050-0827(电话支持时间:9:00-18:30)。
查看更多
《CANY10PL》.pdf

Journal of International Money and Finance 29 (2010) 1619 –1636 Contents lists available at ScienceDirect Journal of International Money and Finance journal homepage: /locate/jimf Foreign exchange exposure of “domestic” corporations a,1 b, * Raj Aggarwal , Joel T. Harper a Frank C. Sullivan Professor of International Business and Finance, University of Akron, Akron, OH 44325, USA b Associate Professor of Finance, Spears School of Business, Oklahoma State University, 700 N. Greenwood Ave., Tulsa, OK 74106, USA a b s t r a c t JEL classifi cation: Unlike prior studies on foreign exchange risk that have focused on F23 multinational companies, this paper documents that domestic F31 companies face significant foreign exchange exposure. Indeed, we G15 document that on average domestic company foreign exchange Keywords: exposure is not significantly different from the exposures faced by Exchange rate exposure multinational firms. As expected, the number of domestic firms Foreign exchange risk with significant foreign exchange exposure increases with the Currency exposure exposure estimation horizon. More interestingly, the level of Currency risk domestic firm exposure is significantly negatively related to firm

您可能关注的文档

文档评论(0)

wfkm + 关注
实名认证
内容提供者

该用户很懒,什么也没介绍

1亿VIP精品文档

相关文档