Asymmetric corporate exposures to foreig
โ
Kent D. Miller; Jeffrey J. Reuer
๐
Article
๐
1998
๐
John Wiley and Sons
๐
English
โ 61 KB
Research examining firms' economic exposures to exchange rate movements has not differentiated periods of foreign currency appreciation and depreciation when estimating exposure coefficients. Recent theoretical developments regarding real options and pricing-to-market suggest corporate exposures may