Researches on Exchange Rate Risk of Listed Companies - Evidence from Non-financial Listed Companies of Beijing

被引：0
|
作者：
Dai Wensheng [1 ]
Duan Yiqun
Tu Yonghong [1 ]
机构：
[1] Renmin Univ China, Sch Finance, Beijing 100872, Peoples R China
来源：
PROCEEDINGS OF THE SIXTH INTERNATIONAL SYMPOSIUM ON CORPORATE GOVERNANCE | 2011年
关键词：
Exchange rate risk exposure; Market value; Economic risk; RATE EXPOSURE;
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
The article study the exchange rate risk used the GARCH model based on the data during 2005/1/7 similar to 2009/12/25 of 86 non-financial listed companies in Beijing. The empirical results including: (1) the exchange rate risk our companies faced can be mainly reflected by the US dollar, the euro, Yen and the baht; (2) not only multinational companies, but the domestic companies are also under the influence of the exchange rate risk; (3)There are about 4 weeks lagged for the market reflecting exchange rate risk. Based on these results, whether multinational enterprise or domestic enterprise should pay attention to the exchange rate risk caused by not only the mainly crurrncy but minor currency in advance.
引用
收藏
页码：397 / 403
页数：7
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