Chang, Jow-ran; Errunza, Vihang; Hogan, Ked; Hung, Mao-wei - In: European Financial Management 11 (2005) 2, pp. 173-194
"We extend Campbell's (1993) model to develop an intertemporal international asset pricing model (IAPM). We show that the expected international asset return is determined by a weighted average of market risk, market hedging risk, exchange rate risk and exchange rate hedging risk. These weights...
