...Vivek Bhargava; Daniel Konku Purpose The authors analyze the relationship between exchange rate fluctuations of a number of major currencies and its impact on US stock market returns, as proxied by the S&P 500. Many studies have explored this topic since the early 1970s with varied results...

...Yacine Hammami; Sabrine Kharrat Purpose The purpose of the paper is to show that order flows determine exchange rate dynamics because they carry information about nonfundamental factors besides macroeconomic fundamentals. Design/methodology/approach To understand the role of nonfundamental...

... 02 04 2019 27 04 2019 © Emerald Publishing Limited 2019 Emerald Publishing Limited Licensed re-use rights only Interactive Exchange rates Financial hedging FX exposure Multivariate regression M41 M44 F2 G15 Maloney (1990) describes the foreign exchange (FX...

... to oil. Building on previous studies, we reexamine – under daily data – exchange rate (and term spread) effects on major oil and gas companies and focus on two major sources of asymmetries. First, when taking into account structural breaks in the responses of stock returns to oil (varying by company), we...

...Tom Aabo; Marianna Andryeyeva Hansen; Christos Pantzalis Purpose The purpose of this paper is to investigate how non‐finance departmental involvement in the management of exchange rate risks impacts the extent of foreign exchange speculation in non‐financial firms. Design/methodology/approach...

...Monzural Hoque; Chu‐Sheng Tai; Zahid Iqbal Purpose The purpose of this paper is to examine the effects of exchange rate and global industry shocks on the relative performance of global industries. Design/methodology/approach In addition to SUR approach, we also use GARCH approach to control...

...Monzurul Hoque; Chu‐Sheng Tai Purpose Whether stock returns are linked to exchange rate changes and whether foreign exchange risk is priced in a domestic context are less conclusive and thus still subject to a great debate. The purpose of this paper is to provide new empirical evidence...

...Ahmed El‐Masry; Söhnke M. Bartram; Gordon M. Bodnar Purpose Based on basic financial models and reports in the business press, exchange rate movements are generally believed to affect the value of nonfinancial firms. In contrast, the empirical research on nonfinancial firms typically produces...

...Ahmed El‐Masry; Willem F.C. Verschoor; Aline Muller 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 the impact of exchange rate movements on firm value by regressing...

...Ahmed El‐Masry; Stuart Hyde Purpose This study seeks to investigate the sensitivity of stock returns at the industry level to market, exchange rate and interest rate shocks in the four major European economies: France, Germany, Italy, and the UK. Design/methodology/approach The paper utilises...

...Ahmed El‐Masry; Ahmed El‐Masry; Omneya Abdel‐Salam; Amr Alatraby Purpose The purpose of this paper is to investigate the exchange rate exposure of UK non‐financial companies from January 1981 to December 2001. Design/methodology/approach The study employs different exchange rate measures...

...Jui‐Chi Huang; Tantatape Brahmasrene This study examines the impact of expectations on the market share mechanism. The dynamic strategic pricing behaviors in the short‐run and the long‐run are also explored. The exchange rate expectations are incorporated into a switching cost model via the method...

...Tantatape Brahmasrene; Komain Jiranyakul This study investigates the impact of real exchange rates on the trade balances between Thailand and its major trading partners. Previous empirical evidence gave mixed results of the impact of real exchange rates on trade balances. In this study, Augmented...

...Kam C. Chan; Gim S. Seow; Kinsun Tam Reviews previous research on the impact of changes in exchange rates on firm value and develops hypotheses on the effect of exchange rate exposure on US pharmaceutical firms 1990‐1999. Tests them using data from 523 firms (21 producing proprietary drugs and 32...

... and reviews the relevant literature. Classifies 605 East Asian DRs at March 2000 by country, year of issue, sponsorship status, exchange, depositary bank and industry; and discusses reasons for the differences found. Tests the relationship between exchange rates and the issuance of DRs and presents...

... that the macroeconomy of the eurozone “will bear continued watching”. © MCB UP Limited 2001 EMU Exchange rates Economic conditions Europe USA Volume 27 Number 9 2001 3 The Euro s Progress: Macroeconomic Consequences of a Single Currency by Dr John C. Soper, John Carroll University (USA) Since its...

...Stephanos Papadamou; Stavros Tsopoglou Reviews previous research on exchange rate forecasting, identifies some problems in building a predictive model and examines the profitability of using various technical rules (as used by traders) in the USD/DM and USD/BP foreign exchange markets. Takes 1989...

... and the existence of overreaction in option markets. Analyses 1989‐1997 daily exchange rate data for six currencies to examine this. Presents the results, which suggest that implied volatility has more information than volatility based on past prices; and is better than GARCH‐based or historic volatility forecasts...

...Andreas G. Merikas Outlines the effect of exchange rate fluctuations on bank performance and investigates the relationship between exchange rate exposure and stock value for eight major Greek banks. Explains the methodological problems involved, develops a mathematical model and applies it to 1995...

... Player, both unconditional variance and the persistence of conditional volatility increased. Suggests that policy regimes affect the degree of noise‐trader influence and calls for further research. © MCB UP Limited 1999 Accounting research Financial markets Exchange rates Regulations...