Aggarwal, Raj; Chen, Xiaoying; Yur-Austin, Jasmine - In: Research in International Business and Finance 25 (2011) 3, pp. 266-276
In spite of the rise of China and its currency, the currency risk of Chinese firms has not been studied adequately. In this paper we document for the first time that the stock returns of Chinese firms are significantly exposed to currency risks with many firms benefiting from the rise of the...
