Bergbrant, Mikael C.; Campbell, Kaysia; Hunter, Delroy M. - In: Financial Management 43 (2014) 4, pp. 885-916
type="main" <p>We examine the effect of competition on exchange rate exposure using survey data from 55 countries. We find that exposure increases with the intensity of competition. Exposure is higher when firms face price competition in international and domestic product markets and when rivals...</p>