Reference: | Adler, M., Dumas, B., 1984. Exposure to currency risk: definition and measurement. Financial Management 13, 41–50 Allayannis, G., Ofek, E., 2001. Exchange-rate exposure, hedging, and the use of foreign currency derivatives. Journal of International Money and Finance 20, 273–296 Amihud, Y., 1994. Exchange rates and the valuation of equity shares. In: Amihud,Yakov., Levich, Richard.M. (Eds.), Exchange Rates and Corporate Performance. Irwin, New York. Bartram, S.M., Brown, G.W., Minton, B.A., 2010. Resolving the exposure puzzle: the many facets of exchange rate exposure. Journal of Financial Economics 95, 148–173. Bartram, S.M., Brown, G.W., Conrad, J., 2011. The effects of derivatives on firm risk and value. Journal of Financial and Quantitative Analysis 46, 967–999 Bodnar, G.M., Wong, M.H.F., 2003. Estimating exchange rate exposures: issues in model structure. Financial Management 32, 35–67. Bodnar, G.M., Gentry, W.M., 1993. Exchange rate exposure and industry characteristics: evidence from Canada, Japan, and the USA. Journal of International Money and Finance 12, 29–45. Chow, E. H., W. Y. Lee, and M. E. Solt, 1997a, The Exchange-Rate Exposure of Asset Returns. Journal of Business, 70, 105-123. Chamberlain, S., Howe, J.S., Popper, H., 1997. The exchange rate exposure of US and Japanese banking institutions. Journal of Banking and Finance 21, 871–892. Dechow, P., Sloan, R., Sweeney, A., 1995. Detecting earnings management. The Accounting Review 70,193–225. DeFond, M.L., Park, C.W., 1997. Smoothing in anticipation of future earnings. Journal of Accounting and Economics 23, 115–139. Doidge, C., Griffin, J., Williamson, R., 2006. Measuring the economic importance of exchange rate exposure. Journal of Empirical Finance 13, 550–576. Feng-Yi Chang, Chin-Wen Hsin, Shin-Rong Shiah-Hou, 2013.A re-examination of exposure to exchange rate risk: The impact of earnings management and currency derivative usage. Journal of Banking & Finance 37 (2013), 3243-3257. Faff, R.W., Marshall, A., 2005. International evidence on determinants of foreign exchange rate exposure of multinational companies. Journal of International Business Studies 36, 539-538. Fama, Eugene and Kenneth R. Frennch, 1993. Common risk factors in the return on stocks and bonds. Journal of Financial Economics, 33(1), 3-56 Jorion, P., 1990. The exchange rate exposure of US multinationals. Journal of Business 63, 331–345. Jorion, P., 1991. The pricing of exchange risk in the stock market. Journal of Financial and Quantitative Analysis 26, 353–376. Kim, Y.S., Mathur, I., Nam, J., 2006. Is operational hedging a substitute for or a complement to financial hedging? Journal of Corporate Finance 12, 834–853. Lambert, R.A., 1984. Income smoothing as rational equilibrium behavior. The Accounting Review 59, 604–618. Leuz, C., Nanda, D., Wysocki, P.D., 2003. Earnings management and investor protection: an international comparison. Journal of Financial Economics 69, 505–527 Pincus, M., Rajgopal, S., 2002. The interaction of accrual management and hedging: evidence from oil and gas firms. The Accounting Review 71, 127–160. Sharpe, William F., 1964. Capital asset prices : a theory of market equilibrium under conditions of risk. Journal of Finance 19, 425-422. Tucker, J. W., & Zarowin, P. A., 2006. Does income smoothing improve earnings informativeness? The Accounting Review 81, 251-270. Trueman, B. and S. Titman, 1988. An explanation for accounting income smoothing. Journal of Accounting Research 26, 127-146. 陳正德 (2006),台灣高科技產業匯率風險暴露之研究,遠東學報,第二十三卷第三期。 蘇松齡,張紹基 (2002),台灣出口廠商面臨的匯率風險,企業管理學報,87-108頁。 |