Lee, Jeong Wook; Ahn, Sunghee; Kang, Sam-mo - In: East Asian economic review 20 (2016) 4, pp. 469-491
exchange rate variables such as the U.S. dollar exchange rate, etc. Second, we add exchange rate volatility as a control … volatility with an increase in return horizon. Consequently the ratio of firms with significant exposures increases with the … return horizons. Interestingly, the increase of exposure with the return horizons is faster for exposure to volatility than …
