Jongen, R.; Muller, A.; Verschoor, W.F.C. - In: Journal of International Money and Finance 31 (2012) 2, pp. 148-169
This paper examines the effect of unexpected exchange rate movements on U.S. shareholder wealth. Empirical results based on a sample of 634 U.S. multinational firms (1) confirm previously reported evidence that the disaggregation of the worldwide trade-weighted U.S. dollar exchange rate index...