Exchange Rate Exposure at the Firm and Industry Level

2001 ◽  
Author(s):  
John A. Doukas ◽  
Patricia H. Hall ◽  
Larry H.P. Lang
Keyword(s):  
Exchange Rate ◽  
Industry Level ◽  
Exchange Rate Exposure

Exchange Rate Exposure at the Firm and Industry Level

2003 ◽  
Vol 12 (5) ◽  
pp. 291-346 ◽  
Author(s):  
John A. Doukas ◽  
Patricia H. Hall ◽  
Larry H. P. Lang
Keyword(s):  
Exchange Rate ◽  
Industry Level ◽  
Exchange Rate 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.

Sign in / Sign up

Export Citation Format

Share Document