Earticle

초록

영어

This study examines that derivatives play moderating role between globalizaion and firm value period from 2011 to 2020. As Korean companies have a high level of globalizaion, exchange risk management of Korean companies is more essential. It .has a direct impact on corporate value. In order to examine whether the use of derivatives is efficient, we predicted that the use of currency derivatives as a means of risk management will contribute to an increase in corporate value. We also predicted the nonlinearity of the level of globalizaion. Results show that globalizaion has a non-linear relationship (U-shaped) with respect to the corporate value, and the appropriate use of currency derivatives strengthens the positive relationship between globalizaion and firm value. It proved that the use of currency derivatives play a moderating role between globalization and firm value.

목차

Abstract
Ⅰ. 서론
Ⅱ. 선행연구 검토 및 가설 설정
Ⅲ. 모형개발 및 변수측정
Ⅳ. 분석결과
Ⅴ. 결론
참고문헌

키워드

저자

• 김남수 [ Nam-Su Kim | 부산외국어대학교 국제무역학과 교수 ] 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