Operational currency exposure and firm level performance: evidence from India

Description

Unlike the existing papers in the literature, we use a measure of "operational" currency exposure based on foreign currency revenues and costs of firms. In most of the existing papers the focus is on the mismatch between the currency denomination of assets and liabilities. Little attention has been paid to the currency mismatch between costs and revenues of the firms. Such "operational" mismatches are potentially equally important and deserve attention of policy makers and academics alike.

Publication Date

1-4-2014

DOI

10.1108/S1571-038620140000023003

ISBN

978-1783507559; 978-1783507566

Publisher

Emerald Group Publishing Ltd.

Keywords

Exchange Rate Volatility, Moral Hazard, Operational Currency Exposure

Source Link URL

https://doi.org/10.1108/S1571-038620140000023003

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