An Empirical Study of Exchange Rate Exposure in China Stock Market
| Autor: | Shih-Ming Huang, 黃仕明 |
|---|---|
| Rok vydání: | 2008 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 96 This thesis attempts to estimate the exposure of China market industries to fluctuations in domestic exchange rates. In full sample period (1994-2007), the empirical results indicate that exchange rate exposure is not significant statically for various industries. In the sub-period of 1994–2005, exchange rate exposure is also insignificant statistically for various industries. However, in the sub-period of 2005–2007, the empirical evidence reveals that exchange rate exposure becomes significant statistically for various industries while various measures of exchange rate are used. Therefore, after the exchange rate reforms in 2005, the exchange rate exposure which faces to the China industries increases significantly, which suggests the exchange risk management will be a new topic to the China industries. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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