1.

Record Nr.

UNINA9910451412103321

Titolo

Managerial finance . Volume 33, Number 9 Exchange rate exposure and its determinants [[electronic resource] /] / guest editor Ahmed El-Masry

Pubbl/distr/stampa

Bradford, : Emerald Group, 2007

ISBN

1-281-07913-8

9786611079130

1-84663-565-9

Descrizione fisica

1 online resource (150 p.)

Collana

Managerial finance ; ; v. 33, no. 9

Altri autori (Persone)

El-MasryAhmed

Disciplina

332.4/5

Soggetti

Foreign exchange rates

Business enterprises - Finance

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di contenuto

Cover; CONTENTS; EDITORIAL ADVISORY BOARD; The exchange rate exposure of UK non-financial companies; The exchange rate exposure puzzle; Hedging the exchange rate risk in international portfolio diversification; The response of industry stock returns to market, exchange rate and interest rate risks; The Asian crisis exchange risk exposure of US multinationals; Exchange rate exposure: do size and foreign operations matter?

Sommario/riassunto

Increasing economic integration and development of global markets means that few companies, if any, are unaffected by currency movements. Change in a company's earnings due to unexpected changes in foreign currency exchange rates relative to their domestic currency is known as foreign exchange rate risk. Exchange rate changes can also impact the level of competitiveness of firms that are exposed to exchange rate risk, or affect the value of net assets denominated in foreign currencies. Although foreign exchange risk is one of the many business risks faced by modern corporations, it has not bee