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Using survey data to resolve the exchange risk exposure puzzle: Evidence from U.S. multinational firms
16 references·5 citing·39 second hop
Using survey data to resolve the exchange risk exposure puzzle: Evidence from U.S. multinational firms (2011)Using survey data to resolve the exchange…The Empirical Evidence on the Efficiency of Forward and Futures Foreign Exchange Markets (2014)The Empirical Evidence on the…Do macro variables, asset markets, or surveys forecast inflation better? (2007)Do macro variables, asset mar…FOREIGN EXCHANGE RATE EXPECTATIONS: MICRO SURVEY DATA (2003)FOREIGN EXCHANGE RATE EXPECTA…The Foreign Exchange Exposure of Japanese Multinational Corporations (1998)The Foreign Exchange Exposure…The Exchange-Rate Risk Exposure of Asset Returns (1997)The Exchange-Rate Risk Exposu…The forward discount anomaly and the risk premium: A survey of recent evidence (1996)The forward discount anomaly …Exchange Risk Sensitivity and Its Determinants: A Firm and Industry Analysis of U.S. Multinationals (1995)Exchange Risk Sensitivity and…Firm Valuation, Earnings Expectations, and the Exchange-Rate Exposure Effect (1994)Firm Valuation, Earnings Expe…Exchange rate exposure and industry characteristics: evidence from Canada, Japan, and the USA (1993)Exchange rate exposure and in…ARCH modeling in finance (1992)ARCH modeling in financeThe Pricing of Exchange Rate Risk in the Stock Market (1991)The Pricing of Exchange Rate …The Exchange-Rate Exposure of U.S. Multinationals (1990)The Exchange-Rate Exposure of…Using Survey Data to Test Standard Propositions Regarding Exchange Rate Expectations (1986)Using Survey Data to Test Sta…Exposure to Currency Risk: Definition and Measurement (1984)Exposure to Currency Risk: De…Empirical exchange rate models of the seventies (1983)Empirical exchange rate model…Expectations and Exchange Rate Dynamics (1976)Expectations and Exchange Rat…Which form of hedging matters — Operational or financial? Evidence from the US oil and gas sector (2019)Which form of hedging matters…Exchange rate risk exposure and the value of European firms (2015)Exchange rate risk exposure a…Exchange rate exposure at the firm and industry levels: Evidence from Turkey (2014)Exchange rate exposure at the…Exchange rate exposure: A nonparametric approach (2011)Exchange rate exposure: A non…Derivatives Market Activity in Emerging Markets and Exchange Rate Exposure (2011)Derivatives Market Activity i…Macroeconomics and Reality (1980)The Purchasing Power Parity Puzzle (1996)Monetary Theory and Policy (1999)Forecasting Economic Time Series (2000)Micro Effects of Macro Announcements: Real-Time Price Discovery in Foreign Exchange (2003)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 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)Exchange Rate Exposure (2001)The arbitrage theory of capital asset pricing (1976)The Determinants of Firms' Hedging Policies (1985)Economic Forces and the Stock Market (1986)Profitability of Momentum Strategies in the International Equity Markets (2000)Are Financial Assets Priced Locally or Globally? (2002)Stock prices and exchange rate dynamics (2005)A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle (1989)Postwar U.S. Business Cycles: An Empirical Investigation (1997)LAG Length Selection and the Construction of Unit Root Tests with Good Size and Power (2001)The Determinants of Stock and Bond Return Comovements (2010)Time-varying short-horizon predictability☆ (2010)Expectations of Returns and Expected Returns (2014)Co-Integration and Error Correction: Representation, Estimation, and Testing (1987)Statistical analysis of cointegration vectors (1988)Investor Psychology and Asset Pricing (2001)Exchange Rates and Fundamentals (2005)Carry Trades and Currency Crashes (2008)Exchange rate exposure, hedging, and the use of foreign currency derivatives (2001)The Use of Foreign Currency Derivatives and Firm Market Value (2001)Convergence Across States and Regions (1991)
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References

  • 1976Expectations and Exchange Rate Dynamics4,704 cited
  • 1992ARCH modeling in finance4,288 cited
  • 1983Empirical exchange rate models of the seventies4,115 cited
  • 1990The Exchange-Rate Exposure of U.S. Multinationals1,149 cited
  • 1996The forward discount anomaly and the risk premium: A survey of recent evidence1,119 cited
  • 2007Do macro variables, asset markets, or surveys forecast inflation better?801 cited
  • 1984Exposure to Currency Risk: Definition and Measurement792 cited
  • 1994Firm Valuation, Earnings Expectations, and the Exchange-Rate Exposure Effect751 cited
  • 1993Exchange rate exposure and industry characteristics: evidence from Canada, Japan, and the USA672 cited
  • 1991The Pricing of Exchange Rate Risk in the Stock Market613 cited
  • 1998The Foreign Exchange Exposure of Japanese Multinational Corporations603 cited
  • 2014The Empirical Evidence on the Efficiency of Forward and Futures Foreign Exchange Markets601 cited
  • 1986Using Survey Data to Test Standard Propositions Regarding Exchange Rate Expectations432 cited
  • 1995Exchange Risk Sensitivity and Its Determinants: A Firm and Industry Analysis of U.S. Multinationals386 cited
  • 2003FOREIGN EXCHANGE RATE EXPECTATIONS: MICRO SURVEY DATA

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367 cited
  • 1997The Exchange-Rate Risk Exposure of Asset Returns336 cited
  • Cited by

    • 2015Exchange rate risk exposure and the value of European firms28 cited
    • 2011Exchange rate exposure: A nonparametric approach27 cited
    • 2011Derivatives Market Activity in Emerging Markets and Exchange Rate Exposure22 cited
    • 2014Exchange rate exposure at the firm and industry levels: Evidence from Turkey22 cited
    • 2019Which form of hedging matters — Operational or financial? Evidence from the US oil and gas sector20 cited