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Currency risk exposure of Chinese corporations

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  • Aggarwal, Raj
  • Chen, Xiaoying
  • Yur-Austin, Jasmine

Abstract

In spite of the rise of China and its currency, the currency risk of Chinese firms has not been studied adequately. In this paper we document for the first time that the stock returns of Chinese firms are significantly exposed to currency risks with many firms benefiting from the rise of the Yuan. Further, the magnitudes of the currency risk coefficients for Chinese companies (

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Bibliographic Info

Article provided by Elsevier in its journal Research in International Business and Finance.

Volume (Year): 25 (2011)
Issue (Month): 3 (September)
Pages: 266-276

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Handle: RePEc:eee:riibaf:v:25:y:2011:i:3:p:266-276

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Web page: http://www.elsevier.com/locate/ribaf

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Keywords: Corporate finance Foreign exchange Currency risk management Chinese firms Chinese currency;

References

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Cited by:
  1. Al-Shboul, Mohammad & Anwar, Sajid, 2014. "Pricing of the currency risk in the Canadian equity market," Research in International Business and Finance, Elsevier, vol. 30(C), pages 173-194.

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