Akhigbe, Aigbe; D. Martin, Anna; J. Mauer, Laurence - In: American Journal of Business 29 (2014) 3/4, pp. 223-236
Purpose – The purpose of this paper is to investigate whether a non-monotonic relationship may exist between financial distress and foreign exchange (FX) exposure. The authors hypothesize that firms with higher FX exposures are those with the lowest levels of financial distress because the...