Foreign exchange exposure and multinationality

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Foreign exchange exposure and multinationality

We examine the relation between firms’ foreign exchange exposure and the extent of their multinationality as a proxy for operational hedging. Using a sample of 953 US firms over the period 1999–2006, we show that there is a nonlinear relation between operational and financial hedging, confirming ane...

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Bibliographic Details
Main Authors:	Hutson, E., Laing, Elaine
Format:	Journal Article
Published:	Elsevier BV, North Holland 2014
Subjects:	foreign currency derivatives foreign exchange exposure operational hedging multinational firms
Online Access:	http://hdl.handle.net/20.500.11937/44052

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