Arbeitspapier
Exchange Rate Exposure, Foreign Involvement and Currency Hedging of Firms - Some Swedish Evidence
This paper investigates the effect of exchange rate fluctuation on a firms value, the so-called exchange rate exposure, for a sample of Swedish firms. In contrast to previous results, using U.S. data, the values of Swedish firms, as reflected in the stock price, seem quite sensitive to movements in the exchange rate. Studying the cross sectional differences in exposure, the estimated exposure is positively and significantly related to the fractional of total sales made broad and negatively related to the use of currency derivatives.
- Sprache
-
Englisch
- Erschienen in
-
Series: Sveriges Riksbank Working Paper Series ; No. 81
Klassifikation
Wirtschaft
International Finance: General
General Financial Markets: General (includes Measurement and Data)
International Finance: General
General Financial Markets: General (includes Measurement and Data)
Thema
Exchange rate exposure
Foreign activities
Hedging
Foreign activities
Hedging
Ereignis
Geistige Schöpfung
(wer)
Nydahl, Stefan
Ereignis
Veröffentlichung
(wer)
Sveriges Riksbank
(wo)
Stockholm
(wann)
1999
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Nydahl, Stefan
- Sveriges Riksbank
Entstanden
- 1999
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