The Effects of Financial Leverage Changes on Stock Returns: A Study of Exchange Rate Volatility
學年 104
學期 2
出版（發表）日期 2016-05-26
作品名稱 The Effects of Financial Leverage Changes on Stock Returns: A Study of Exchange Rate Volatility
作品名稱（其他語言）
著者 Wu, Chin-Shan; Ming-Chih Lee; Chien-Liang Chiu
單位
出版者
著錄名稱、卷期、頁數 International Journal of Information and Management Sciences 26(2), p.123-138
摘要 This essay aims to discuss the changes of capital structure toward stock returns and return on assets, with a further introduction of interference factors of exchange rate risks. The correlational changes of both factors would be analyzed in terms of different fluctuation levels. The empirical results show significant discoveries: both the factors have positive correlations. Reasons can be deduced from the willingness of trading firms, the company operational requirements, and the psychology of return expectation. Thus, this study suggests the investors to include exchange rate fluctuation index, while the government shall timely open up to corporate transactions and the corporate should carry out overall exchange rate and interest rate hedging.
關鍵字 Capital structures;financial leverages;free cash flows;stock returns;foreign exchanges;interest rates
語言 en_US
ISSN 1017-1819
期刊性質 國內
收錄於 EI
產學合作
通訊作者 Chin-Shan Wu
審稿制度 是
國別 TWN
公開徵稿
出版型式 ,紙本
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/106205 )

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