search query: @indexterm EXCHANGE RATES / total: 1242
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| Author: | Griffin, J.M. Stulz, R.M. |
| Title: | International competition and exchange rate shocks: a cross-country industry analysis of stock return |
| Journal: | Review of Financial Studies
2001 : SPRING, VOL. 14:1, p. 215-241 |
| Index terms: | COMPETITION EXCHANGE RATES STOCK RETURNS |
| Language: | eng |
| Abstract: | This article systematically examines the importance of exchange rate movements and industry competition for stock returns. Common shocks to industries across countries are more important than competitive shocks due to changes in exchange rates. Weekly exchange rate shocks explain almost nothing of the relative performance of industries. |
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