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Asymmetric foreign exchange risk exposure: Evidence from U.S. multinational firms
16 references·16 citing·34 second hopsampled
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(2018)Why do Latin American firms h…Volatility spillovers among the U.S. and Asian stock markets: A comparison between the periods of Asian currency crisis and subprime credit crisis (2018)Volatility spillovers among t…The Impact of Exchange Rate Movements on Firm Value in Visegrad Countries (2017)The Impact of Exchange Rate M…Asymmetric foreign exchange cash flow exposure: A firm-level analysis (2017)Asymmetric foreign exchange c…Asymmetric exchange rate exposure of stock returns: empirical evidence from Chinese industries (2017)Asymmetric exchange rate expo…New estimates of time-varying currency betas: A trivariate BEKK approach (2014)New estimates of time-varying…Exchange rate regimes and foreign exchange exposure: The case of emerging market firms (2014)Exchange rate regimes and for…Determinants of corporate foreign exchange risk hedging (2014)Determinants of corporate for…The foreign exchange exposure of UK non-financial firms: A comparison of market-based methodologies (2012)The foreign exchange exposure…Foreign currency derivative use and shareholder value (2012)Foreign currency derivative u…Using survey data to resolve the exchange risk exposure puzzle: Evidence from U.S. multinational firms (2011)Using survey data to resolve …Exchange Rate Exposure, Foreign Currency Debt, and the Use of Derivatives: Evidence from Brazil (2011)Exchange Rate Exposure, Forei…Asymmetry and time variation in exchange rate exposure (2010)Asymmetry and time variation …UK Multinationals' Effective Use of Financial Currency‐Hedge Techniques: Estimating and Explaining Foreign Exchange Exposure Using Bilateral Exchange Rates (2008)UK Multinationals' Effective …Stock return exposure to exchange rate risk: A perspective from delayed reactions and hedging effects (2007)Stock return exposure to exch…The Pricing of Options and Corporate Liabilities (1973)Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation (1982)Generalized autoregressive conditional heteroskedasticity (1986)On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks (1993)Multivariate Simultaneous Generalized ARCH (1995)Dynamic Conditional Correlation (2002)International Portfolio Choice and Corporation Finance: A Synthesis (1983)The Pricing of Exchange Rate Risk in the Stock Market (1991)The Global Crisis and Equity Market Contagion (2014)An Empirical Evaluation of Accounting Income Numbers (1968)Risk, Return, and Equilibrium: Empirical Tests (1973)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)A bivariate causality between stock prices and exchange rates: evidence from recent Asianflu☆ (2000)Dynamic relationship between stock prices and exchange rates for G-7 countries (2001)Empirical exchange rate models of the seventies (1983)FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)The Determinants of Firms' Hedging Policies (1985)Risk Management: Coordinating Corporate Investment and Financing Policies (1993)Do Firms Hedge in Response to Tax Incentives? 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References

  • 1992ARCH modeling in finance4,288 cited
  • 1990The Exchange-Rate Exposure of U.S. Multinationals1,149 cited
  • 2001Exchange rate exposure, hedging, and the use of foreign currency derivatives948 cited
  • 1989Persistent Trade Effects of Large Exchange Rate Shocks934 cited
  • 1984Exposure to Currency Risk: Definition and Measurement792 cited
  • 1994Firm Valuation, Earnings Expectations, and the Exchange-Rate Exposure Effect751 cited
  • 1995All in the family Nesting symmetric and asymmetric GARCH models723 cited
  • 1995Product Differentiation and Oligopoly in International Markets: The Case of the U.S. Automobile Industry705 cited
  • 1993Exchange rate exposure and industry characteristics: evidence from Canada, Japan, and the USA672 cited
  • 1998The Foreign Exchange Exposure of Japanese Multinational Corporations603 cited
  • 1990Pricing to market in Japanese manufacturing594 cited
  • 2001Exchange Rate Exposure523 cited
  • 1988Exchange Rate Pass-Through When Market Share Matters500 cited
  • 1990Anomalous Price Behavior Around Repurchase Tender Offers400 cited
  • 1995Exchange Risk Sensitivity and Its Determinants: A Firm and Industry Analysis of U.S. Multinationals

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386 cited
  • 2001International Competition and Exchange Rate Shocks: A Cross-Country Industry Analysis of Stock Returns363 cited
  • Cited by

    • 2012Foreign currency derivative use and shareholder value64 cited
    • 2018Volatility spillovers among the U.S. and Asian stock markets: A comparison between the periods of Asian currency crisis and subprime credit crisis52 cited
    • 2014Exchange rate regimes and foreign exchange exposure: The case of emerging market firms51 cited
    • 2014Determinants of corporate foreign exchange risk hedging42 cited
    • 2012The foreign exchange exposure of UK non-financial firms: A comparison of market-based methodologies33 cited
    • 2017Asymmetric exchange rate exposure of stock returns: empirical evidence from Chinese industries31 cited
    • 2011Using survey data to resolve the exchange risk exposure puzzle: Evidence from U.S. multinational firms30 cited
    • 2014New estimates of time-varying currency betas: A trivariate BEKK approach27 cited
    • 2018Why do Latin American firms hold so much more cash than they used to?26 cited
    • 2007Stock return exposure to exchange rate risk: A perspective from delayed reactions and hedging effects25 cited
    • 2019The response of multinationals’ foreign exchange rate exposure to macroeconomic news24 cited
    • 2011Exchange Rate Exposure, Foreign Currency Debt, and the Use of Derivatives: Evidence from Brazil23 cited
    • 2010Asymmetry and time variation in exchange rate exposure22 cited
    • 2017The Impact of Exchange Rate Movements on Firm Value in Visegrad Countries21 cited
    • 2008UK Multinationals' Effective Use of Financial Currency‐Hedge Techniques: Estimating and Explaining Foreign Exchange Exposure Using Bilateral Exchange Rates20 cited
    • 2017Asymmetric foreign exchange cash flow exposure: A firm-level analysis18 cited