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    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/6090

    Title: The Economic Exposure of U.S. Multinational Firms
    Authors: 周行一
    Chow, Edward H.;Lee, Wayne Y.;Michael E. Solt
    Date: 1997
    Issue Date: 2008-11-05 16:52:35 (UTC+8)
    Abstract: In this paper we find that the exchange rate exposure of individual firms increases with the return horizon. Also, the cross-sectional differences in the magnitude of exposure of individual firms are significantly related to firm size but not to the relative portion of foreign sales to total sales. The empirical evidence is consistent with the hypothesis that hedging activities exhibit economies of scale, and, consequently, the magnitude of economic exposure is less for larger firms than for smaller firms.
    Relation: Journal of Financial Research,20, 191-210
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1111/j.1475-6803.1997.tb00244.x
    DOI: 10.1111/j.1475-6803.1997.tb00244.x
    Appears in Collections:[財務管理學系] 期刊論文

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