Commentators have usually viewed potash as a rather unglamorous commodity because of its limited applications, low prices, the relatively small size of the industry, a persistent supply overhang situation and high barriers to entry. Yet on closer inspection, potash provides an interesting...

In its role as a competitive producer of phosphate and potash Jordan has not suffered noticeably from the Resource Curse over the past 50 years. However, the effects on its economy because of its geographical proximity to major oil-producing states have been both positive and negative. It is...

The purpose of this study is to investigate the impact of the use of derivatives and operational hedging on the foreign exchange risk exposure for a sample of 181 Australian multinational corporations. A two-stage market model is used, resulting in the implementation of a cross-sectional time...

The purpose of the paper is to estimate the level of necessary reinvestment 'user costs' needed to repay forthcoming generations for the depletion of phosphate and potash reserves in Jordan. El Serafy equation technique has been used to estimate the user cost for both resources from 2002 to...

This paper aims to extend the existing literature on foreign exchange rate risk pricing. Unlike the existing studies on Canada, we use six alternative bilateral and one multilateral exchange rate proxies. Furthermore, using both a two-factor and a three-factor capital asset pricing model (CAPM),...

Using weekly data from 2003 to 2011, this paper examines the presence of exchange rate exposure in thirteen Canadian industry sectors. This study contributes to the literature in a number of ways: (i) it considers the presence of exposure not only in the full sample but also in the pre and...

Based on a three-factor international capital asset pricing model, we examine whether the world market, the local market and the currency risks are priced in the Canadian equity market. The analysis presented in this paper is based on data collected from 2003 to 2010. As the dataset also...