Operational Hedges and the Foreign Exchange Exposure of U.S. Multinational Corporations

By Christos Pantzalis, Betty Simkins, P. Laux. 2001

261 citations recorded by the source corpus.

Subfields: Accounting

View Paper: https://www.semanticscholar.org/paper/b3bcc663e8759fc19fe6a27ffaff2fb769679c56

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In Accounting

1. Marina Papanastassiou
2. Quang Nguyen
3. Trang Kim

Citations in the corpus

• The exchange rate exposure puzzle (2005, unknown): “The existing empirical evidence suggests that corporations with greater breadth have lower exchange rate exposures, while those with greater depth are more exposed (Pantzalis et al., 2001).”
• Policy uncertainty, derivatives use, and firm-level FDI (2017, background): “Empirical research documents that many firms actively manage exposure to market risks through the use of operational hedging (Choi & Jiang, 2009; Pantzalis et al., 2001; Berghöfer & Lucey, 2014) – as in Pantzalis et al. (2001) – so it is necessary to control for operational hedging to understand…”
• Do investors value smooth performance (2008, unknown): “We then augment this sample with the data collected by Allayannis and Weston ( 2001 ) and Pantzalis , Simkins , and Laux ( 2001 ) along with a small sample from our own collection .”
• Does Hedging Affect Firm Value? Evidence from the US Airline Industry (2006, unknown): “Currency exposures are studied by Bartov and Bodnar (1994), Bodnar and Wong (2000), Jorion (1990), and Pantzalis, Simkins, and Laux (2001) .”