The Relevance of Exchange Rate Exposure for Swiss Companies

de Fritschi, David
État : Neuf
47,42 €
TVA incluse - Livraison GRATUITE
Fritschi, David The Relevance of Exchange Rate Exposure for Swiss Companies
Fritschi, David - The Relevance of Exchange Rate Exposure for Swiss Companies

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La description

The impact of exchange rate fluctuations on firms has always been an intensively discussed topic. Especially in Switzerland, which is economically open, it is expected that a relatively high share of firms experience significant impacts from exchange rate movements. The fact that the Swiss National Bank intervened in 2011 in order to define a lower limit of 1.20 CHF per EUR in order to stabilize the Swiss economy underpins this expectation. This book examines the relationship between exchange rate changes and stock returns for a sample of 225 Swiss firms from 1999 to 2013. In order to understand and determine this relationship, a linear time series regression is applied, where by the stock excess returns get regressed against a trade-weighted CHF index and additional control variables. Since some companies are only exposed to one or a few currencies, the bi-lateral exchange rates (EUR, USD and GBP) of Switzerland's most important trading partners are applied, too. Due to the fact that the data show the exchange rate exposure for each single firm, we can discern and analyze the exposure of individual firms within different industries.

Contributeurs

Écrivain:
Fritschi, David

Détails du produit

Biographie:
David Fritschi, born 1985 in Zürich/Switzerland - He finished 2015 his Master program in economics at the University of Zurich
Langues:
Anglais
Nombre de pages:
92
Type de média:
Souple
Éditeur:
AV Akademikerverlag

Données de base

Type d'produit:
Livre de poche
Date de publication:
26 mai 2015
Dimensions du colis:
0.229 x 0.152 x 0.006 m; 0.15 kg
GTIN:
09783639851564
DUIN:
NUVEQUMRUMK
47,42 €
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