Rogoff predicted that the U.S. dollar will depreciate and that exchange rate volatility will return. The coronavirus crisis has also roiled the world economy. This paper investigates the exposure of French and Korean firm stock returns to exchange rate appreciations and the pandemic. Both France...

The coronavirus crisis has damaged the U.S. economy. This paper uses the stock returns of 125 sectors to investigate its impact. It decomposes returns into components driven by sector-specific factors and by macroeconomic factors. Idiosyncratic factors harmed industries such as airlines,...

The board of directors plays an important role in implementing corporate governance in the firm, as directors have a fiduciary duty to the firm's shareholders. The effectiveness of directors is a key determinant of corporate value and they need to bring a range of skills and experience to the...