Earticle

초록

영어

This study has analyzed the correlation between exchange rate volatility reflecting thepast exchange rate level with the three corporate performance indicators of profitability,growth and asset quality in quarter units from 1/4 of year 1998 to 4/4 of year 2009targeting 12 industries and 1,700 companies listed on KOSPI and KOSDAQ, classifying intothe IMF period, WON rising period, and sub-prime global credit crisis period. As the result; corporate exchange rate sensitivity showed twice greater to external growththan profitability or asset quality, and reacted twice more sensitive to exchange ratevolatility which was market uncertainty than to exchange rate level. For severe volatility,profitability of most of the companies became deteriorated, showing 0.14% improvement inprofitability for 10% rise in dollar rate. For the significant level result by currencies; it was most sensitive to Yen rate with 46number of business types. For severe exchange rate volatility, in contrast, although it wassensitive to other currency rates, it was temporal by market impact, and eventuallycompanies were sensitive to dollar rate, and showed Yen rate volatility gave negative effectto the profitability sector and RMB rate to the growth sector respectively.

목차

Abstract
 Ⅰ. 서론
 Ⅱ. 실증분석 모형 설정 및 자료성격
 Ⅲ. 추정결과
 Ⅳ. 결론 및 시사점
 참고문헌

키워드

저자

• 이창민 [ Chang-Min Lee | 한양대학교 경영학과 교수 ] 교신저자
• 강형구 [ Hyoung-Ku Kang | 한양대학교 경영학과 교수 ] 공동저자
• 김동균 [ Dong-Gyun Kim | 한양대학교 경영학과 박사 ] 제1저자

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