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Increasing Derivatives Market Activity in Emerging Markets and Exchange Rate Exposure

Aysun, Uluc; Guldi, Melanie - 2008

important for emerging market countries that are experiencing remarkable growth in derivatives markets. Using firm level data …, we report a significant fall in exposure over the past 10 years and relate this to higher derivatives market …-Dumas (1984) model. Next, we follow an indirect approach to infer derivatives market participation at the firm level. Finally, we …

Persistent link: https://www.econbiz.de/10009430125

Derivative activities and Asia-Pacific banks' interest rate and exchange rate exposures

Au Yong, Hue Hwa; Faff, Robert; Chalmers, Keryn - 2009

activities (especially interest rate derivatives) is positively associated with long-term interest rate exposure (LTIR) but …

Persistent link: https://www.econbiz.de/10009448581

ESSAYS IN DYNAMIC CORPORATE FINANCE

Michaux, Michael - 2010

My dissertation aims at understanding the financing and investment decisions of firms. It contains two chapters.Chapter One studies the currency composition of debt for firms in emerging economies. Using a dataset of traded Mexican firms, I document two stylized facts about firms in the...

Persistent link: https://www.econbiz.de/10009439046

Exchange rate exposure of U.S. industries

Luangnarumitchai, Jakkapan - 2009

This thesis examines exchange rate exposure of 30 U.S. industries between 1974 and 2008 using traditional and orthogonalized linear models. Similar to the literature, when using traditional linear model we find that exposure is very time dependent and often insignificant. However, we discover...

Persistent link: https://www.econbiz.de/10009475845

Exchange rates and target premia in the United States

Bilson, Chris M; Fleming, G - 2002

This paper re-examines the relationship between the target takeover premia and the level of the exchange rate in pure domestic target-domestic bid der takeovers. We estimate the level and nature of exchange rate exposure for 189 U.S. targets between 1990 and 2000 and relate market model...

Persistent link: https://www.econbiz.de/10009451739

Wisselkoersblootstelling van multinasionale ondernemings in Suid-Afrika / Z. Blignaut

Blignaut, Zelda - 2004

Multinational enterprises (MNEs) are central drivers behind neo-liberal globalisation.These enterprises are usually centred in developed countries, with competitiveoperations in developing countries. The literature on MNEs and foreign directinvestment usually focus on the motivation for...

Persistent link: https://www.econbiz.de/10009456070

Retail Investor Sentiment and Behavior - an Empirical Analysis

Burghardt, Matthias - 2010

Using a unique data set of retail investor orders submitted to the European Warrant Exchange, the Euwax Sentiment Index is being developed to accurately represent an actual measure of retail investor sentiment. It can be shown that retail investors are on average contrarians who trade in a...

Persistent link: https://www.econbiz.de/10009434527

CO2-Emissionszertifikate - Preismodellierung und Derivatebewertung

Wagner, Michael W. - 2007

EU-Unternehmen müssen seit 2005 entsprechend ihrem CO2-Ausstoß genügend Emissionszertifikate einreichen. Da die Zertifikate frei handelbar sind, stellt sich ihnen CO2 als ein zusätzlicher Produktionsfaktor mit unsicherem Preis dar. Derivative Finanzinstrumente helfen beim Management der...

Persistent link: https://www.econbiz.de/10009434615

The Transparency of Derivative Disclosures by Australian Firms in the Extractive Industries

Hassan, Mohamat S.; Percy, Majella; Stewart, Jenny D. - 2006

This paper investigates the transparency of derivative disclosures of Australian firms in the extractive industries using 1998 to 2001 financial reports. The quality of financial reporting has become a major corporate governance issue since the collapse of prominent companies such as Enron in...

Persistent link: https://www.econbiz.de/10009438340

The Economics of Developing Security Embedded Software

Wright, Craig S; Zia, Tanveer A - 2010

Market models for software vulnerabilities have been disparaged in the past citing how these do little to lower the risk of insecure software. In this paper we argue that the market models proposed are flawed and not the concept of a market itself. A well-defined software risk derivative market...

Persistent link: https://www.econbiz.de/10009440801

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