學術產出-Periodical Articles

Article View/Open

Publication Export

Google ScholarTM

政大圖書館

Citation Infomation

題名 The Economic Exposure of U.S. Multinational Firms
作者 周行一
Chow, Edward H.; Lee, Wayne Y.; Michael E. Solt
日期 1997
上傳時間 5-Nov-2008 16:52:35 (UTC+8)
摘要 In this paper we find that the exchange rate exposure of individual firms increases with the return horizon. Also, the cross-sectional differences in the magnitude of exposure of individual firms are significantly related to firm size but not to the relative portion of foreign sales to total sales. The empirical evidence is consistent with the hypothesis that hedging activities exhibit economies of scale, and, consequently, the magnitude of economic exposure is less for larger firms than for smaller firms.
關聯 Journal of Financial Research,20, 191-210
資料類型 article
DOI http://dx.doi.org/10.1111/j.1475-6803.1997.tb00244.x
dc.creator (作者) 周行一zh_TW
dc.creator (作者) Chow, Edward H.; Lee, Wayne Y.; Michael E. Solt-
dc.date (日期) 1997en_US
dc.date.accessioned 5-Nov-2008 16:52:35 (UTC+8)-
dc.date.available 5-Nov-2008 16:52:35 (UTC+8)-
dc.date.issued (上傳時間) 5-Nov-2008 16:52:35 (UTC+8)-
dc.identifier.uri (URI) https://nccur.lib.nccu.edu.tw/handle/140.119/6090-
dc.description.abstract (摘要) In this paper we find that the exchange rate exposure of individual firms increases with the return horizon. Also, the cross-sectional differences in the magnitude of exposure of individual firms are significantly related to firm size but not to the relative portion of foreign sales to total sales. The empirical evidence is consistent with the hypothesis that hedging activities exhibit economies of scale, and, consequently, the magnitude of economic exposure is less for larger firms than for smaller firms.-
dc.format application/en_US
dc.language enen_US
dc.language en-USen_US
dc.language.iso en_US-
dc.relation (關聯) Journal of Financial Research,20, 191-210en_US
dc.title (題名) The Economic Exposure of U.S. Multinational Firmsen_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1111/j.1475-6803.1997.tb00244.xen_US
dc.doi.uri (DOI) http://dx.doi.org/10.1111/j.1475-6803.1997.tb00244.xen_US