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Currency risk exposure of Chinese corporations

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

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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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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