Theory predicts sizeable exchange rate (FX) exposure for many firms. However, empirical
research has not documented such exposures. To examine this discrepancy, we extend …

We find that about 13% of our sample of 817 European multinational firms experienced
economically significant exposure effects to the Japanese yen, 14% to the US dollar and …

This paper shows that many Asia-Pacific firms are significantly exposed to foreign exchange
risk. Their exposure appears to be much more widespread than is typical for the large …

This paper examines how US multinational firms are affected by foreign currency
movements. In light of detailed exchange rate data, we find that 29% of our sample of 935 …

We find that about 25 percent of Asian firms experienced economically significant exposure
effects to the US dollar and 22.5 percent to the Japanese yen for the period January 1993 to …

This paper investigates the impact of foreign exchange rate change on stock returns in the
Asian emerging markets. The asymmetric exchange exposure framework and real exchange …

We re-examine the relationship between exchange rate movements and firm value. We
estimate the exchange rate exposure of US firms to two currency indices. Firms are clustered …

This paper examines how unhedged currency exposure of firms varies with changes in
currency flexibility. A sequence of four time periods with alternating high and low currency …

This article examines whether there exists any relationship between individual US
multinationals' stock returns and fluctuations in Latin American exchange rates. By using a …

Purpose–This paper aims to increase understanding of the (time‐varying) relationship
between exchange rates and stock prices at the individual firm level. Rather than analyzing …