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Exchange Rates and Firm Exports : The Role of Foreign Ownership and Subsidiaries

Choi, Hyelin - 2018

effectiveness of the exchange rates on exports appears to be weak across countries. This anomaly is one of the central puzzles in … prices, consumer prices, and quantity of exports. In this paper, we examines the role of global production linkages on ex … exports. The empirical results show that the exchange rate elasticity of total export is about -0.64, which implies that 10 …

Persistent link: https://www.econbiz.de/10012906703

Firm Exports, Foreign Ownership, and the Global Financial Crisis

Eppinger, Peter S.; Smolka, Marcel - 2021

foreign ownership significantly stabilized firm exports when liquidity dried out in the crisis, in particular among small and …

Persistent link: https://www.econbiz.de/10013251264

Firm Exports and Multinational Activity Under Credit Constraints

Manova, Kalina - 2011

This paper provides firm-level evidence that credit constraints restrict international trade flows and affect the pattern of foreign direct investment. Using detailed data from China, we show that foreign-owned affiliates and joint ventures have better export performance than private domestic...

Persistent link: https://www.econbiz.de/10013134014

Firm exports, foreign ownership, and the global financial crisis

Eppinger, Peter S.; Smolka, Marcel - 2020

foreign ownership significantly stabilized firm exports when liquidity dried out in the crisis, in particular among small and …

Persistent link: https://www.econbiz.de/10012404685

Operational hedging of exchange rate risks

Tscheke, Jan - 2016

Exchange rate exposure of firms diminishes when imported intermediates and exports are denominated in currencies that …

Persistent link: https://www.econbiz.de/10011568538

Exchange-Rate Exposure of Multinationals : Focusing on Exchange- Rate Issues

Ihrig, Jane - 2003

This paper examines exchange-rate exposure of multinationals (MNEs) in light of detailed exchange rate data. Specifically, using MNE-specific exchange rates and accounting for the possibility that exchange-rate crises may impact a firm differently than periods of normal fluctuations, estimates...

Persistent link: https://www.econbiz.de/10014125771

Assessing the Exchange Rate Exposure of US Multinationals

Crowley, Patrick M. - 2013

This paper aims to examine the relationship between exchange rate movements and the stock return of firms at different time horizons by employing wavelet analysis. In particular, we use the maximum overlap discrete wavelet transform (MODWT) to decompose the exchange rate movement and the US...

Persistent link: https://www.econbiz.de/10013071534

Multinational firm, exchange rate risk and the impact of regret on trade

Broll, Udo; Welzel, Peter; Kit, Pong Wong - 2014

multinational firm simultaneously sells in the home market and exports to a foreign country. We characterize the multinational firm …

Persistent link: https://www.econbiz.de/10011521733

Foreign Exchange Exposure and Multinationality

Hutson, Elaine - 2014

We examine the relation between firms' foreign exchange exposure and the extent of their multinationality as a proxy for operational hedging. Using a sample of 953 US firms over the period 1999-2006, we show that there is a nonlinear relation between operational and financial hedging, confirming...

Persistent link: https://www.econbiz.de/10013064923

Foreign Exchange Exposure of ‘Domestic’ Corporations

Aggarwal, Raj - 2010

Unlike prior studies on foreign exchange risk that have focused on multinational companies, this paper documents that domestic companies face significant foreign exchange exposure. Indeed, we document that on average domestic company foreign exchange exposure is not significantly different from...

Persistent link: https://www.econbiz.de/10013134867