| dc.contributor.advisor | 朱美麗 | zh_TW |
| dc.contributor.author (Authors) | 黃慧怡 | zh_TW |
| dc.creator (作者) | 黃慧怡 | zh_TW |
| dc.date (日期) | 2003 | en_US |
| dc.date.accessioned | 18-Sep-2009 16:04:21 (UTC+8) | - |
| dc.date.available | 18-Sep-2009 16:04:21 (UTC+8) | - |
| dc.date.issued (上傳時間) | 18-Sep-2009 16:04:21 (UTC+8) | - |
| dc.identifier (Other Identifiers) | G0912580111 | en_US |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/35798 | - |
| dc.description (描述) | 碩士 | zh_TW |
| dc.description (描述) | 國立政治大學 | zh_TW |
| dc.description (描述) | 經濟研究所 | zh_TW |
| dc.description (描述) | 91258011 | zh_TW |
| dc.description (描述) | 92 | zh_TW |
| dc.description.abstract (摘要) | The purpose of this study is to investigate the exchange-rate exposure of the electronic firms in Taiwan. Particularly, we consider the potential correlations between the market returns and the changes in exchange rates, which are two important variables when we examine the exchange-rate exposure, and try to examine the exchange-rate exposure via nonlinear model. In contrast to previous results which used U.S. data; however, the movements of the value of the electronic firms in Taiwan, as reflected in the stock returns, seem highly sensitive to changes in the exchange rates. Examining the effects of possible determinants on the exchange-rate exposure measured as NT dollars against US dollar, the ratio of long-term debt has significant effects, but the sign is not consistent with the hypothesis. Besides, further examining the effects of possible determinants on the exchange-rate exposure measured as NT dollars against Japan Yen, we found there are only showing weak evidence for the influence of the possible determinants. | en_US |
| dc.description.tableofcontents | 1. Introduction 12. A review of literature on exchange-rate exposure 23. Exchange-rate exposure of individual firms 63.1. Corresponding model of the exchange-rate exposure 6 A. The basic regression of exchange-rate exposure 6 B. The lagged response hypothesis 7 C. Nonlinear exposure 83.2. Data descriptions and empirical results 10 Ⅰ. Data descriptions 10 Ⅱ. Empirical results 14 A. Results of the basic regression 14 B. Results of the lagged response hypothesis 15 C. Results of nonlinear exposure 174. Determinants of the exchange-rate exposure 194.1. Hypotheses and corresponding models 19 Ⅰ. Exports-to-sales ratio 19 Ⅱ. Incentives to hedge 20 Ⅲ. Corresponding model for determinants of the exchange- rate 23 exposure4.2. Data descriptions and empirical results 24 Ⅰ. Data descriptions 24 Ⅱ. Empirical results 245. Conclusions 28Reference 30Appendix 32 | zh_TW |
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| dc.format.mimetype | application/pdf | - |
| dc.language.iso | en_US | - |
| dc.source.uri (資料來源) | http://thesis.lib.nccu.edu.tw/record/#G0912580111 | en_US |
| dc.subject (關鍵詞) | 匯率暴露風險 | zh_TW |
| dc.subject (關鍵詞) | Exchange-rate exposure | en_US |
| dc.title (題名) | Exchange-rate exposure : evidence from the electronic firms in Taiwan | zh_TW |
| dc.type (資料類型) | thesis | en |
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| dc.relation.reference (參考文獻) | Xie, S. F. (2002), Master-Thesis (In Chinese) | zh_TW |
