...Dr Scott Beyer, Dr Gerry Jensen and Dr Robert Johnson; J. Christopher Hughen; Scott Beyer Purpose – In the increasingly globalized economy, foreign exchange fluctuations have multiple, conflicting effects on domestic stock prices. The purpose of this paper is to examine return data to determine...

...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...

... at: yuli@sfsu.edu © Emerald Group Publishing Limited 2012 Poland United States of America International investments Portfolio investment Diversification Foreign exchange The case for international portfolio diversification was established in the 1960s and 1970s. Since...

... the three decades. This study seeks to extend previous research on the foreign exchange rate exposure of UK nonfinancial companies at the industry level over the period 1981‐2001. Design/approach/methodology In this study, exchange rate exposure is defined as the change in the value of the firm...

... and that the most important reasons they do not use derivatives are: concerns about disclosures of derivatives activity required under FASB rules, and costs of establishing and maintaining derivatives programmes exceed the expected benefits. The results show that foreign exchange risk is the risk most commonly...

...Nathan Lael Joseph; Panayiotis Vezos Purpose The purpose of this paper is to investigate the impact of foreign exchange and interest rate changes on US banks’ stock returns. Design/methodology/approach The approach employs an EGARCH model to account for the ARCH effects in daily returns. Most...

... exposure at the firm‐specific level. © MCB UP Limited 2002 Economic conditions Foreign exchange Strategic management Volume 28 Number 11 2002 1 The Nature and Determinants of the Economic Currency Exposure of Non-financial UK Firms by Peter Moles, University of Edinburgh Management School...

...P.A. Belk This paper reports on some of the results obtained from three contemporaneous in‐depth studies conducted with multinational corporations in the UK, the US and Germany. It focuses on the organisation of foreign exchange risk management, in particular the goals of exchange risk management...

...K.A. Agorastos Examines the formation of expectations, efficiency and conditional volatility in the foreign exchange market for the Greek drachma using 1987‐1998 data. Presents the statistical results in detail and considers consistency with other research. Identifies the theoretical and empirical...