Institutional Investors and Foreign Exchange Risk

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 01 Jan 2010 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Xu; Danielle; Korkeamäki, Timo;

doi: 10.2139/ssrn.1570977 , 10.2139/ssrn.1836899 , 10.1142/s2010139215500135

Institutional Investors and Foreign Exchange Risk

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Abstract

We study institutional appetite for stocks with FX exposure, and find variation among institution types. Institutions that are by their nature more likely to engage in active management of foreign exchange risk in their portfolio, namely mutual funds and hedge funds seek stocks with foreign exchange exposure. Institutions that are constrained by regulation tend to avoid foreign exchange exposure.

Related Organizations

Hanken School of Economics
Finland
Gonzaga University
United States

Keywords

ta512

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