The response of industry stock returns to market, exchange rate and interest rate risks

This study investigates the sensitivity of stock returns at the industry level to market, exchange rateand interest rate shocks in the four major European economies: France, Germany, Italy and the UK.In addition to exposure to the market, significant levels of exposure to both exchange rate risk, inthe four countries, and interest rate risk, in France and Germany, are identified....

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Year of publication:	2007
Authors:	Hyde, Stuart
Institutions:	Manchester Business School
Subject:	Aktienrendite \| Risikomanagement \| risk management \| Zinsänderungsrisiko \| Wechselkursänderung

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Extent:	259072 bytes 23 p. application/pdf
Series:	Manchester Business School - Research - Working Papers No. 491(2007)
Type of publication:	Book / Working Paper
Language:	English
Classification:	F31 - Foreign Exchange ; G12 - Asset Pricing ; G15 - International Financial Markets ; Financial theory ; Procurement of capital ; Individual Working Papers, Preprints ; GERMANY ; Italy ; France ; United Kingdom
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005870157