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Economic exposure of emerging market firms

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dc.contributor.author Akdoğan, Ece Ceylan
dc.date.accessioned 2023-02-15T11:13:39Z
dc.date.available 2023-02-15T11:13:39Z
dc.date.issued 2015
dc.identifier.citation Akdoğan, Ece Ceylan (2015). "Economic exposure of emerging market firms", Actual Problems of Economics, Vol. 166, No. 4, pp. 67-74. tr_TR
dc.identifier.issn 1993-6788
dc.identifier.uri http://hdl.handle.net/20.500.12416/6247
dc.description.abstract Although foreign exchange risk inherits more severe exposures for emerging market firms, past empirical research addressing foreign exchange exposure is mainly concentrated on firms operating in developed economies. This paper examines the impact of exchange rate fluctuations on firm value at an emerging market through focusing on economic exposure of Turkish listed firms. The findings indicate that depreciation of Turkish lira against the euro, the US dollar and the basket currency significantly deteriorates firm value in a current month while significantly enhances firm value during the next month. When the overall impact of Turkish lira depreciation on the value of Turkish companies is considered, it is observed that the weakening of the home currency has a positive effect on firm’s value. tr_TR
dc.language.iso eng tr_TR
dc.rights info:eu-repo/semantics/closedAccess tr_TR
dc.subject Economic Exposure tr_TR
dc.subject Emerging Markets tr_TR
dc.subject Foreign Exchange Risk tr_TR
dc.subject Turkish Lira tr_TR
dc.title Economic exposure of emerging market firms tr_TR
dc.type article tr_TR
dc.relation.journal Actual Problems of Economics tr_TR
dc.contributor.authorID 17735 tr_TR
dc.identifier.volume 166 tr_TR
dc.identifier.issue 4 tr_TR
dc.identifier.startpage 67 tr_TR
dc.identifier.endpage 74 tr_TR
dc.contributor.department Çankaya Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, Bankacılık ve Finans Bölümü tr_TR


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