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This paper examines the importance of exchange rate risk in the return generating process for a large sample of non-financial firms from 37 countries. We argue that the effect of exchange rate exposure on stock returns should be conditional and show evidence of a significant return premium to...
Persistent link: https://www.econbiz.de/10005835943
This paper examines the importance of exchange rate risk in the return generating process for a large sample of non-financial firms from 37 countries. We argue that the effect of exchange rate exposure on stock returns should be conditional and show evidence of a significant return premium to...
Persistent link: https://www.econbiz.de/10011109754
of an international enterprise open currency position does not inevitably require a corresponding hedging accommodation …
Persistent link: https://www.econbiz.de/10008529246
This paper comprises a survey of a half century of research on international monetary aggregate data. We argue that … misunderstandings in international monetary economics research and policy. While better data, based correctly on index number theory and …
Persistent link: https://www.econbiz.de/10005621844
studying the relationship between international terms of trade and domestic income distributions of the exporting countries … the transmission of the growth from the North to the South through international markets, both through trade and through … all favorable to the growth of the South, which is central to much thinking about the New International Economy Order. I …
Persistent link: https://www.econbiz.de/10005835749
This paper is the first, to our knowledge, to make the distinction between the investment opportunity set of real assets versus portfolio securities. We perform a large scale formal investigation of the investment opportunity set in global acquisitions based on ownership type over the period of...
Persistent link: https://www.econbiz.de/10011260386
Economic studies have demonstrated, both empirically and theoretically, that higher levels of human development (HD) and economic freedom (EF) are associated with lower levels of perceived corruption. This study separately examines the impact of human development and economic freedom on...
Persistent link: https://www.econbiz.de/10009644775
In the article, on the basis of literature from the areas of management, strategic management, international management …
Persistent link: https://www.econbiz.de/10009402071
adopting an independent standard setting, the International Accounting Standards Board's second principle is aimed at … international standards from 2005 in consolidated financial statements ( EC Regulation 1606/2002) and huge efforts are now being …
Persistent link: https://www.econbiz.de/10005789575
, South Africa and Australia has already adopted it, but in all these countries a lot of diversities lie over theory “ Shariah … only local but international policymakers and scholars to overcome these disparities and to really make it a value …
Persistent link: https://www.econbiz.de/10005789699