CURRENCY RISK EXPOSURE AND ITS DETERMINANTS: THEORETICAL AND EMPIRICAL RESEARCH
DOI:
https://doi.org/10.7251/ACE1730117PKeywords:
foreign exchange rates, currency risk exposure, currency risk exposure and its determinants, company characteristics, ambient factorsAbstract
The study investigates the currency risk exposure of companies. The author presents relevant theoretical knowledge and the results of empirical research of the currency risk exposure of companies and its determinants. Theoretical viewpoints on the impact of company characteristics and ambient factors on the currency risk exposure of companies are consistent. In empirical research, theoretical attitudes about the impact of ambient factors on the currency risk exposure of companies have been confirmed, whereas theoretical attitudes on the impact of company characteristics have not been confirmed or not confirmed in a sufficient number of empirical studies. Based on the obtained results of empirical research, it is not possible to conclude with certainty which characteristics of the company affect the currency risk exposure of companies
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