教師資料查詢 | 類別: 期刊論文 | 教師: 李命志 LEE, MING-CHIH (瀏覽個人網頁)

標題: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), pp.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
語言英文(美國)
ISSN1017-1819
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
國別中華民國
公開徵稿
出版型式,紙本
相關連結
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