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Author:Williamson, R.
Title:Exchange rate exposure and competition: evidence from the automotive industry
Journal:Journal of Financial Economics
2001 : MAR, VOL. 59:3, p. 441-475
Index terms:Exchange rate mechanism
Exchange rates
Competition
USA
Japan
Language:eng
Abstract:This study examines the effect of real exchange rate changes on multinational firms and incorporates of the effect of intra-industry competition on the relation between exchange rates and firm value. Tests are conducted using a sample of automotive firms from the United Staes and Japan.
SCIMA record nr: 223180
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