The exchange rate exposure puzzle

By Söhnke M. Bartram, Gordon M. Bodnar. 2005

162 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/1852c278c8e6002a1b2709031f9e37806f75e32f

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Citations in the corpus

CORPORATE HEDGING AND SHAREHOLDER VALUE (2010, background): “19 See, for instance, Guay and Kothari (2003). possibility that firms could move between the two groups over time.”
Resolving the Exposure Puzzle: The Many Facets of Exchange Rate Exposure (2010, background): “See Bartram and Bodnar (2007) for a review.”
Offshore activities and financial vs operational hedging (2017, unknown): “…Allayannis, Ihrig, and Weston (2001), Pantzalis, Simkins, and Laux (2001), Williamson (2001), Dewenter, Higgins, and Simin (2005), Kim, Mathur, and Nam (2006), Bartram and Bodnar (2007), Bartram, Brown, and Minton (2010), Bodnar, Dumas, and Marston (2002), Hankins (2011), Hutson and Laing (2014).”
Crossing the Lines: The Conditional Relation between Exchange Rate Exposure and Stock Returns in Emerging and Developed Markets (2012, unknown): “9 In fact, recent research suggests that the results of a large body of empirical evidence may not be unreasonable considering the fact that stock returns only reflect the exposure of firms net of corporate hedging (Bartram and Bodnar, 2007). 10 Gopinath, Itskhoki and Rigobon (2006) suggest that fir”
Corporate hedging and speculation with derivatives (2017, background): “…have similarly documented that the empirical research on nonfinancial firms typically produces fewer significant exposure estimates than researchers expect, independent of the sample studied and the methodology used, which has been referred to as the “exposure puzzle” (Bartram and Bodnar, 2007).”