کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
10478868 931414 2005 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The effect of exchange rate fluctuations on multinationals' returns
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
The effect of exchange rate fluctuations on multinationals' returns
چکیده انگلیسی
This paper examines if the type of exchange rate used or size of the movement in the exchange rate matters in estimating exchange-rate exposure of U.S. manufacturing firms. We find that switching from a broad trade-weighted exchange rate to a 2-digit SIC industry exchange rate increases slightly the number of significantly exposed firms. We also find that firms' stock returns may be affected differently in periods of crisis and non-crisis; some firms have significant exposure only in crisis periods while others have significant exposure only during normal fluctuations in exchange rates.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Multinational Financial Management - Volume 15, Issue 3, July 2005, Pages 273-286
نویسندگان
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