Choi, Sunghee; Denzau, Arthur T. - In: Global Economic Review 36 (2007) 3, pp. 217-227
This article asks whether sample specification of firm, period, and exchange rate matters in estimating foreign exchange exposure of US multinational firms. By sampling US firms that had Asian sales and assets from 1996 to 1998, we find that the firms' returns are more likely to be significantly...