Foreign Exchange Exposure Elasticity and Financial Distress

Material TypeArticleLanguageEnglish
TitleForeign Exchange Exposure Elasticity and Financial Distress Author(S)Kelsey D. Wei (Author)
Abstract  Financially distressed firms have limited ability to manage exchange rate exposure over time which could cause their fundamental value to be sensitive to the cash flow volatility related to currency movements. Accordingly, we hypothesize that the likelihood and costs of financial distress help explain cross-sectional variations in return sensitivity to currency movements. ...Paginationp 709-736
SubjectManagementDescriptorsFinance
Journal TitleFinancial management  
Permanent Linksclick here