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Foreign exchange rate exposure of companies under dynamic regret
Entrop, Oliver; Fuchs, Fabian U. - 2020
optimal hedge ratio given the outcome of past hedging decisions and future expectations. The model implies that the optimal … 2015 and find strong evidence for the model's predictions. By adding a dynamic regret approach to the hedging and FX … literature we shed further light on the rationale behind selective hedging. …
Persistent link: https://www.econbiz.de/10012158926
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Cryptocurrency Market Reactions to Regulatory News
Auer, Raphael - 2020
Cryptocurrencies are often thought to operate out of the reach of national regulation, but in fact their valuations, transaction volumes and user bases react substantially to news about regulatory actions. The impact depends on the specific regulatory category to which the news relates: events...
Persistent link: https://www.econbiz.de/10012835611
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Cryptocurrency Market Reactions to Regulatory News
Auer, Raphael - 2020
Cryptocurrencies are often thought to operate out of the reach of national regulation, but in fact their valuations, transaction volumes and user bases react substantially to news about regulatory actions. The impact depends on the specific regulatory category to which the news relates: events...
Persistent link: https://www.econbiz.de/10012836205
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Time-Variation in the Exchange Rate Exposure of Swiss Firms
Kabitz, Lars - 2017
least partly. I further show that volatility in exposures reduces the hedging effectiveness and leads thus to wrong … decisions with regard to hedging activities. Trying to hedge an asset exposed to exchange rate movements can increase the …
Persistent link: https://www.econbiz.de/10012957296
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Information Processing on Equity Prices and Exchange Rate for Cross Listed Stocks
Scherrer, Cristina Mabel - 2020
This paper investigates the dynamics of information processing for equity prices and the exchange rate of cross-listed firms. Using high-frequency data and a novel structural setting, I disentangle the effects on firm value of the exchange rate from the other determinants of a firm's cash flow....
Persistent link: https://www.econbiz.de/10012851381
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The impact of FX exposure on the firm's stock market return
Bondarenko, Mariia; Brůna, Karel - In: European financial and accounting journal : EFAJ 16 (2021) 1, pp. 45-70
It is generally acknowledged that one of the risks faced by any company is FX risk, especially when the business operates internationally. For individual companies, exposure to FX risk results in different financial implications, stressing such parameters as the industry affiliation and the...
Persistent link: https://www.econbiz.de/10012642502
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Cryptocurrency market reactions to regulatory news
Auer, Raphael A.; Claessens, Stijn - 2020
Cryptocurrencies are often thought to operate out of the reach of national regulation, but in fact their valuations, transaction volumes and user bases react substantially to news about regulatory actions. The impact depends on the specific regulatory category to which the news relates: events...
Persistent link: https://www.econbiz.de/10012205633
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Estimating Currency Exposure : Empirical Study on Stock Returns of Indian Software Firms
Modekurti, Kameshwar Rao V.S. - 2015
A low percentage of firms depicting exposure to foreign exchange rates is one of the seriously researched topic in the realm of Foreign Exchange Risk and its Management. Owing to its counter intuitive empirical results, it has also been referred to as Currency Exposure Puzzle. This paper, one of...
Persistent link: https://www.econbiz.de/10013031071
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Exchange rate exposure and its determinants : evidence on Hungarian firms
Tomanová, Lucie - In: European financial and accounting journal : EFAJ 9 (2014) 2, pp. 47-65
.3 % of small firms are significantly exposed. The measuring of exchange rate risk and hedging is therefore crucial for …
Persistent link: https://www.econbiz.de/10011460529
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German Exchange Rate Exposure at DAX and Aggregate Level, International Trade, and the Role of Exchange Rate Adjustment Costs
Jamin, Gösta; Entorf, Horst - 2004
costs (hedging costs) for firm values and exposure. Based on time series data of German DAX companies, DM/ dollar rates and …
Persistent link: https://www.econbiz.de/10010297319