This study investigated the impact of foreign exchange (FX) exposure and Syariah-compliant status on a firm's decision to practice hedging. The study employed panel multiple logistic and panel multinomial logistic regression on 792 firm-year observations from 132 non-financial listed firms over...

Globally focused firms are the drivers of foreign exchange rate (FX) risk. Among the risk of the G10 currencies, the comovements with the largest currencies are the most important of the postulated risk factors. Firms’ exposure to FX risk is time-varying, is larger with respect to the home...