publication . Bachelor thesis . 2007

Foreign Exchange Exposure of A Selected Number of Swedish Multinationals : The Capital Market Approach

Shudzeka, Basile N; Kum, Hyceinth N.;
Open Access English
  • Published: 01 Jan 2007
  • Publisher: Umeå universitet, Handelshögskolan vid Umeå universitet
  • Country: Sweden
Abstract
This research work analyses the impact of exchange rate fluctuations on firm value. It is based on a sample of 10 Swedish multinational companies selected from two market capitalization segments (Mid and Large Cap) according to the OMX index classification. A multiple linear regression model is used to explore the dependency of the log returns (continuously compounded returns) of each of the sampled companies to the percentage changes in the spot exchange rates for the SEK/U.S. Dollar and SEK/Euro being the explanatory or independent variables. The results show that the impact of fluctuations in the SEK/euro and SEK/Dollar exchange rates on the value of a firm i...
Subjects
free text keywords: Business and economics, Ekonomi
Related Organizations

S H S N R K Mussa, M. (2005). The euro and the dollar 6 years after creation. Journal of Policy Modeling, Vol 27, Pp 445-454.

Pramborg B. (2005). Foreign exchange risk Management by Swedish and Korean nonfinancial firms: A comparative survey. Pacific Basin Finance Journal. Vol. 13, Pp. 343- 366. [OpenAIRE]

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