Unlike prior studies on foreign exchange risk that have focused on multinational companies, this paper documents that domestic companies face significant foreign exchange exposure. Indeed, we document that on average domestic company foreign exchange exposure is not significantly different from...

This is a study of the determinants of share pricing and demand in the path-breaking Czech voucher-based multiple-round mass privatization auction. The results presented here document that share valuation and demand in this auction were based on firm characteristics such as return on sales,...

This is a study of the determinants of share pricing and demand in the path-breaking Czech voucher-based multiple-round mass privatization auction. The results presented here document that share valuation and demand in this auction were based on firm characteristics such as return on sales,...

Unlike prior studies on foreign exchange risk that have focused on multinational companies, this paper documents that domestic companies face significant foreign exchange exposure. Indeed, we document that on average domestic company foreign exchange exposure is not significantly different from...