Earticle

초록

영어

This study has analyzed the existence and the determinants of the exchange rate exposure of Korea nonfinancial companies. Applying linear and nonlinear models, this paper estimates the exchange rate exposure and its determinants of Korean nonfinancial companies. The data used in this paper are the exchange rate, the stock returns as well as the financial indexes of nonfinancial companies listed in Korea Stock Exchange. Monthly data were used in estimating the exchange rate exposure. And yearly data were used in its determinants analysis for the period between January of 2000 and December of 2010. The estimation results are summarized as following; First, in the case of estimating the exchange rate exposure, the nonlinear model shows higher proportion of the number of companies that are exposed significantly to the exchange rate fluctuations when compared to the linear model. Second, in the case of estimating the determinants of the exchange rate exposure, the scale of company mainly affects the level of exposure.

목차

Abstract
 Ⅰ. 서론
 Ⅱ. 선행연구
 Ⅲ. 분석모형 및 자료
 Ⅳ. 분석결과
 Ⅴ. 결론
 참고문헌

키워드

저자

• 홍승기 [ Hong, Seong-Gee | 동국대학교 서울캠퍼스 국제통상학과 교수 ] 제1연구자
• 마상천 [ Ma, Sang-Cheon | 동국대학교 서울캠퍼스 국제통상학과 박사과정 ] 공동저자

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  무역통상학회지 [Journal of Korea Research Association of International Commerce]

• 간기

  격월간

• pISSN

  1738-4354

• 수록기간

  2001~2025

• 등재여부

  KCI 등재

• 십진분류

  KDC 326 DDC 380