Exposure and Markups

By George Allayannis, J. Ihrig. 2001

249 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/1c1d9c6462b179bab8d3ea01dfaf30023e47562b

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Söhnke M. Bartram
2. Gregory W. Brown
3. Bernadette A. Minton
4. Seunghyup Lee
5. Mona V. Makhija
6. Craig Doidge
7. Rohan Williamson
8. John M. Griffin

In Economics and Econometrics

1. Söhnke M. Bartram
2. Seunghyup Lee
3. Craig Doidge
4. Rohan Williamson
5. Gregory W. Brown
6. John M. Griffin
7. Bernadette A. Minton
8. Mona V. Makhija

Citations in the corpus

• Horizontal acquisitions and buying power: A product market analysis (2011, unknown): “We follow the methodology detailed in the Appendix of Allayannis and Ihrig (2001) to create an input–output matrix from the make and use tables.”
• The exchange rate exposure puzzle (2005, unknown): “Amihud (1994) detects some evidence of lagged exposures in his study of the largest US exporters, both at monthly and quarterly horizons.”
• Measuring the economic importance of exchange rate exposure (2006, background): “Allayannis and Ihrig (2001) argue that industry markup and competition play key roles in exposure and show that low markup U.”
• The impact of the introduction of the Euro on foreign exchange rate risk exposures (2006, unknown): “of its input and output markets (Allayannis and Ihrig, 2001).”
• Resolving the Exposure Puzzle: The Many Facets of Exchange Rate Exposure (2010, result): “Other studies report differences in exposures across industry classes and countries (Campa and Goldberg, 1999; Bodnar and Gentry, 1993; Marston, 2001; Allayannis and Ihrig, 2001; Williamson, 2001).3 These findings are also consistent with the range of exposure estimates obtained from our model.”
• The effect of domestic uncertainty on the real options value of international investments (2009, background): “Indeed, a respectable body of theoretical work has expounded on the value of multinational flexibility based on foreign direct investments dispersed across national contexts (Campa, 1994; Dunning, 1980; Kogut & Kulatilaka, 1994; Mello, Parsons, & Triantis, 1995).”
• The influence of product market dynamics on a firm's cash holdings and hedging behavior (2007, unknown): “8 We note that in work such as Campa and Goldberg (1995) and Allayannis and Ihrig (2001) the level of industry competitiveness is proxied for by industry markups instead of industry concentration ratios.”
• Hedging Foreign Exchange Exposure: Risk Reduction from Transaction and Translation Hedging (2004, unknown): “…could extend our research in this respect by including variables that capture the usage of operational hedging and flexibility, for example firms’ ability to alter production and pricing policy in response to foreign exchange rate changes (see e.g. Bodnar et al., 1999; Allayannis and Ihrig, 2001).”
• Privatization and Stock Market Liquidity (2007, unknown): “Even if the currency risk of the original constituent currencies were priced properly, as argued by Dumas and Solnik (1995) and Allayannis and Ihrig (2001), the elimination of such risks in 1999 through a single currency may have reduced the risk premium component of the price impact.”