THE FOREIGN EXCHANGE OPERATING EXPOSURE OF AUSTRALIAN STOCKS
作者:
Geoffrey Loudon,
期刊:
Accounting&Finance
(WILEY Available online 1993)
卷期:
Volume 33,
issue 1
页码: 19-32
ISSN:0810-5391
年代: 1993
DOI:10.1111/j.1467-629X.1993.tb00191.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
Abstract:This paper provides empirical evidence on the stock return sensitivity of a sample of Australian companies, to changes in the trade weighted index value of the Australian dollar during the post float period January, 1984 ‐ December, 1989. Exposure is estimated using time series regression methods. While the evidence of exposure is generally weak, there is evidence that resource stocks and industrial stocks respond differentially to fluctuations in the Australian dolla
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