| dc.creator (作者) | Chow, Edward H. ; Chen, Hung-Ling | en_US |
| dc.creator (作者) | 周行一 | - |
| dc.date (日期) | 1998-05 | en_US |
| dc.date.accessioned | 27-Oct-2008 14:55:30 (UTC+8) | - |
| dc.date.available | 27-Oct-2008 14:55:30 (UTC+8) | - |
| dc.date.issued (上傳時間) | 27-Oct-2008 14:55:30 (UTC+8) | - |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/2622 | - |
| dc.description.abstract (摘要) | This paper characterizes the exchange rate exposures of Japanese firms and their determinants for different return horizons. Japanese firms` equity returns decrease as the yen depreciates. Furthermore, Japanese firms are more adversely affected by yen depreciation if they are in industries with higher imports ratios and in the non-traded industries and less detrimentally affected if they are in industries with higher exports. We also control the effects of hedging on exposure. Firms with high leverage, low liquidity and high cash dividends have high exposures. For the 1 month return horizon smaller firms have smaller exposures, while for the longer-return horizons larger firms have smaller exposures. | - |
| dc.format | application/ | en_US |
| dc.language | en | en_US |
| dc.language | en-US | en_US |
| dc.language.iso | en_US | - |
| dc.relation (關聯) | Pacific-Basin Finance Journal, Volume 6, Issues 1–2, Pages 153–174 | en_US |
| dc.subject (關鍵詞) | Exchange rate exposure; Horizon; Industry; Hedging | - |
| dc.title (題名) | The Determinants of Foreign Exchange Rate Exposure: Evidence on Japanese Firms | en_US |
| dc.type (資料類型) | article | en_US |
| dc.identifier.doi (DOI) | 10.1016/S0927-538X(97)00020-6 | en_US |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1016/S0927-538X(97)00020-6 | en_US |
