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- Title
EXCHANGE RATE EXPOSURE OF KOREAN LARGE FIRMS BEFORE AND AFTER THE GLOBAL FINANCIAL CRISIS OF 2008.
- Authors
Jongwook Reem; Chung Baek
- Abstract
There have been many studies that examine exchange rate exposure based on the relationship between stock returns and exchange rate returns. We investigate the exchange rate exposure of Korea Composite Stock Price Index 200 (KOSPI 200) firms especially, considering Korean chaebols that represent the unique type of Korean conglomerates. We measure exchange rate exposures of Korean finns with respect to the U.S. Dollar and the trade-weighted currency index and analyze factors that significantly affect the exchange rate exposure using the logit regression as well as the cross-sectional regression.
- Publication
International Journal of Finance, 2014, Vol 26, Issue 3, p309
- ISSN
1041-2743
- Publication type
Academic Journal