The exchange-rate exposure of U.S. multinationals
Article Abstract:
Mathematical models were used to examine the foreign exchange rate exposure of 287 US multinational companies between Jan 1971 and Dec 1987. It was felt that the identification of exposure would be difficult because the determinants of exchange rate exposure were fairly complex. The analysis indicated that the firms' exchange rate exposure was positively correlated with the amount of foreign involvement. Exchange rate exposure without foreign involvement appeared to be the same across domestic companies. These findings have implications for asset pricing tests.
Publication Name: The Journal of Business
Subject: Business, general
ISSN: 0021-9398
Year: 1990
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Consider these risks!
Article Abstract:
Cash flows of international corporations are exposed to increased business risk, political risk and foreign exchange risk. Changes in the rate of exchange influence dollar value of future sales unless prices are quoted in local currency.
Publication Name: American Import-Export Management
Subject: Business, general
ISSN: 0279-4470
Year: 1982
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An empirical analysis of multi period hedges: applications to commercial and investment assets
Article Abstract:
The performance of stacked hedge techniques with applications to investment assets and to commercial commodities is analyzed.
Publication Name: Journal of Futures Markets
Subject: Business, general
ISSN: 0270-7314
Year: 2005
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