FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2806150259> ?p ?o ?g. }

• W2806150259 endingPage "108" @default.
• W2806150259 startingPage "86" @default.
• W2806150259 abstract "Purpose The purpose of this paper is to assess the effect of financial derivatives use on different exposures by comparing domestic firms, domestic multinational corporations (MNCs) and affiliates of foreign MNCs using a unique hand-collected data set of derivatives activities from 881 non-financial firms in eight East Asian countries over the period of 2003-2013. Design/methodology/approach In this paper, the authors apply a two-stage approach. In the first stage, exposures to country risks, exchange rate and interest rate risks are estimated by using the market model. In the second stage, potential effects of firms’ derivatives use on multifaceted exposures are investigated by carrying out pooled regression model, and panel data regressions with random effect specifications. Findings The authors provide novel evidence that financial hedging of domestic firms and domestic MNCs reduces exposure to home country risks by 10.91 and 14.42 percent per 1 percent increase in notional derivative holdings, respectively, while affiliates of foreign MNCs fail to mitigate exposure to host country risks. The use of foreign currency and interest rate derivatives by domestic firms and domestic MNCs is effective in alleviating such firms’ exposures to varied degrees, while foreign affiliates’ use of derivatives can only lower interest rate exposures. Originality/value The primary theoretical contribution of this study is applying the market model to estimate exposures to home and host country risks. Regarding empirical contributions, the authors provide strong evidence that the use of financial derivatives by domestic firms and domestic MNCs significantly contributes to a decline in exposure to home country risks, and evidence the outperformance of domestic MNCs vis-à-vis domestic firms and foreign affiliates." @default.
• W2806150259 created "2018-06-13" @default.
• W2806150259 creator A5027460551 @default.
• W2806150259 date "2018-05-31" @default.
• W2806150259 modified "2023-09-24" @default.
• W2806150259 title "Financial derivatives use and multifaceted exposures" @default.
• W2806150259 cites W140456784 @default.
• W2806150259 cites W1607734325 @default.
• W2806150259 cites W1848758728 @default.
• W2806150259 cites W1963583519 @default.
• W2806150259 cites W1964953479 @default.
• W2806150259 cites W1965406884 @default.
• W2806150259 cites W1972162491 @default.
• W2806150259 cites W1974955224 @default.
• W2806150259 cites W1978473707 @default.
• W2806150259 cites W1981919122 @default.
• W2806150259 cites W2000784581 @default.
• W2806150259 cites W2004601982 @default.
• W2806150259 cites W2005294138 @default.
• W2806150259 cites W2012226613 @default.
• W2806150259 cites W2014301961 @default.
• W2806150259 cites W2017095822 @default.
• W2806150259 cites W2023916452 @default.
• W2806150259 cites W2028853748 @default.
• W2806150259 cites W2032253442 @default.
• W2806150259 cites W2039309987 @default.
• W2806150259 cites W2040734481 @default.
• W2806150259 cites W2047466900 @default.
• W2806150259 cites W2063493049 @default.
• W2806150259 cites W2068455146 @default.
• W2806150259 cites W2079925383 @default.
• W2806150259 cites W2080286317 @default.
• W2806150259 cites W2082449911 @default.
• W2806150259 cites W2083254088 @default.
• W2806150259 cites W2088508036 @default.
• W2806150259 cites W2089577230 @default.
• W2806150259 cites W2092102898 @default.
• W2806150259 cites W2093229054 @default.
• W2806150259 cites W2093696500 @default.
• W2806150259 cites W2094980624 @default.
• W2806150259 cites W2099050998 @default.
• W2806150259 cites W2100267563 @default.
• W2806150259 cites W2103385562 @default.
• W2806150259 cites W2112352537 @default.
• W2806150259 cites W2128609737 @default.
• W2806150259 cites W2129998520 @default.
• W2806150259 cites W2134190341 @default.
• W2806150259 cites W2143480227 @default.
• W2806150259 cites W2143557201 @default.
• W2806150259 cites W2150114823 @default.
• W2806150259 cites W2150296980 @default.
• W2806150259 cites W2151976199 @default.
• W2806150259 cites W2164591919 @default.
• W2806150259 cites W2194092737 @default.
• W2806150259 cites W2220547274 @default.
• W2806150259 cites W2407828514 @default.
• W2806150259 cites W3121360816 @default.
• W2806150259 cites W3122031010 @default.
• W2806150259 cites W3122037019 @default.
• W2806150259 cites W3122182930 @default.
• W2806150259 cites W3122542905 @default.
• W2806150259 cites W3122824748 @default.
• W2806150259 cites W3123011787 @default.
• W2806150259 cites W3124609767 @default.
• W2806150259 cites W3124688932 @default.
• W2806150259 cites W3124811315 @default.
• W2806150259 cites W3125205382 @default.
• W2806150259 cites W3125496211 @default.
• W2806150259 cites W3126003387 @default.
• W2806150259 cites W3126118018 @default.
• W2806150259 cites W3193438973 @default.
• W2806150259 cites W4253239325 @default.
• W2806150259 doi "https://doi.org/10.1108/jabes-04-2018-0004" @default.
• W2806150259 hasPublicationYear "2018" @default.
• W2806150259 type Work @default.
• W2806150259 sameAs 2806150259 @default.
• W2806150259 citedByCount "4" @default.
• W2806150259 countsByYear W28061502592021 @default.
• W2806150259 countsByYear W28061502592022 @default.
• W2806150259 crossrefType "journal-article" @default.
• W2806150259 hasAuthorship W2806150259A5027460551 @default.
• W2806150259 hasBestOaLocation W28061502591 @default.
• W2806150259 hasConcept C10138342 @default.
• W2806150259 hasConcept C106159729 @default.
• W2806150259 hasConcept C106306483 @default.
• W2806150259 hasConcept C128029710 @default.
• W2806150259 hasConcept C141121606 @default.
• W2806150259 hasConcept C144133560 @default.
• W2806150259 hasConcept C149782125 @default.
• W2806150259 hasConcept C158016649 @default.
• W2806150259 hasConcept C162324750 @default.
• W2806150259 hasConcept C175025494 @default.
• W2806150259 hasConcept C18547055 @default.
• W2806150259 hasConcept C192063788 @default.
• W2806150259 hasConcept C19244329 @default.
• W2806150259 hasConcept C2776988154 @default.
• W2806150259 hasConcept C556758197 @default.
• W2806150259 hasConcept C6422946 @default.

• next