International Financial Management: Exchange Rate Exposure revisited

By: Seiler, Sascha; de Bruin, José; van den Berg, Bertjan

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Seminar paper from the year 2011 in the subject Business economics - Business Management, Corporate Governance, grade: 1,7, University of Groningen ("-"), course: Advanced International Financial Management, language: English, comment: Die Forschungsarbeit wurde in Zusammenarbeit mit den Betriebswissenschaftlern Bertjan van den Berg und Jose de Bruin abgefasst., abstract: Various studies have shown that exchange rate exposure is empirically lower for US multinationals than theory predicts. We examine this discrepancy for the largest Eurozone companies from 1994 till 2010 where the introduction of the Euro could have led to significant exposure reduction. Furthermore, we examine the relationship between exchange rate exposure and transnationality which is a novelty to date. We find that few European multinationals seem to have a significant exchange rate exposure and surprisingly the overall risk profile of transnational companies is lower which indicates that the risk from exchange rate exposure is more than compensated by risk reducing effects resulting from a high degree of transnationality.

Title: International Financial Management: Exchange Rate Exposure revisited

Author Name: Seiler, Sascha; de Bruin, José; van den Berg, Bertjan

Categories: Other,

Publisher: GRIN Publishing:

ISBN Number: 3656233152

ISBN Number 13: 9783656233152

Binding: PAPERBACK

Book Condition: New

Seller ID: ING9783656233152

Description: 3656233152 Special order direct from the distributor