NL repository
menu
검색
Library
Browse
Communities & Collections
By Date
Authors
Titles
Subject
My Repository
My Account
Receive email updates
Edit Profile
DSpace at EWHA
경영대학
경영학전공
Journal papers
View : 610 Download: 0
Exchange rate changes and the operating performance of multinationals
Title
Exchange rate changes and the operating performance of multinationals
Authors
Lee B.-S.
;
Suh J.
Ewha Authors
서정원
SCOPUS Author ID
서정원
Issue Date
2012
Journal Title
European Financial Management
ISSN
1354-7798
Citation
European Financial Management vol. 18, no. 1, pp. 88 - 116
Indexed
SSCI; SCOPUS
Document Type
Article
Abstract
Using a sample of 261 US multinationals over the period 1984-2002, we examine the relation between exchange rate changes and the profitability of foreign operations. We find that the impact of exchange rate changes on foreign operations' profitability is not statistically significant in the majority of industries. Furthermore, according to our variance components analysis, exchange rate changes explain less than 2% of the variation in foreign operations' profitability for most industries. We also find that the impact of exchange rate changes on foreign operations' profitability is generally weak for non-US multinationals from Australia, Canada, Japan and the UK. Our evidence is consistent with the finding of prior studies that the impact of exchange rate changes on firm value is not significant for most multinationals. © 2010 Blackwell Publishing Ltd.
DOI
10.1111/j.1468-036X.2009.00522.x
Appears in Collections:
경영대학
>
경영학전공
>
Journal papers
Files in This Item:
There are no files associated with this item.
Export
RIS (EndNote)
XLS (Excel)
XML
Show full item record
Find@EWHA
트윗하기
BROWSE
Communities & Collections
By Date
Authors
Titles
Subject