期刊論文
| 學年 | 103 |
|---|---|
| 學期 | 2 |
| 出版（發表）日期 | 2015-02-01 |
| 作品名稱 | A Firm-Specific Analysis of Taiwan Foreign Exchange Rate Exposure: A Panel Data Approach |
| 作品名稱（其他語言） | |
| 著者 | 馬為騰 |
| 單位 | 全球化政治與經濟學系 |
| 出版者 | |
| 著錄名稱、卷期、頁數 | SSRG International Journal of Economics and Management Studies 2(1), pp.45-53 |
| 摘要 | This study investigates the determinants of Taiwanese foreign exchange exposure, using firm-specific operational and financial variables from 1990 to 2010. After testing six hypotheses on the relationship between variables and level of exposure, we find 7 statistically significant determinants which is a quite large number, compared to the relevant literature. Foreign operations, size, liquidity, profitability and hedging have all an impact on exposure. The ratio export to sales, total assets, the ratio current assets to total assets and option hedging increase the level of exposure, while net sales, net income and forward hedging decrease it. This research provides a better understanding of Taiwanese exposure. If a variable increases the level of exposure, it means that it is related to a benefit from an appreciation of the domestic currency. |
| 關鍵字 | Exchange rate exposure;Exposure Determinants;Panel analysis;Taiwan |
| 語言 | en_US |
| ISSN | 2393-9125 |
| 期刊性質 | 國外 |
| 收錄於 | |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 否 |
| 國別 | USA |
| 公開徵稿 | |
| 出版型式 | ,電子版 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/100801 ) |