The Resource Capital structure and financial risk : evidence from foreign debt use in East Asia, George Allayannis, Gregory W. Brown, Leora F. Klapper, (electronic resource)

Capital structure and financial risk : evidence from foreign debt use in East Asia, George Allayannis, Gregory W. Brown, Leora F. Klapper, (electronic resource)

Label
Capital structure and financial risk : evidence from foreign debt use in East Asia
Title
Capital structure and financial risk
Title remainder
evidence from foreign debt use in East Asia
Statement of responsibility
George Allayannis, Gregory W. Brown, Leora F. Klapper
Title variation
Exchange rate risk management
Title variation remainder
evidence from East Asia
Creator
Contributor
Subject
Language
eng
Summary
In a large sample of East Asian nonfinancial corporations, firms using foreign currency derivatives had distinctive characteristics, such as larger size and foreign debt exposures. Unlike in studies of U.S. firms, there was only weak evidence that liquidity-constrained firms with greater growth opportunities hedged more. Firms appeared to use foreign earnings as a substitute for hedging with derivatives, and to engage in "selective" hedging. There was no evidence that East Asian firms eliminated their foreign exchange exposure by using derivatives. And firms using derivatives before the crisis performed just as poorly as nonhedgers during the crisis
Member of
Additional physical form
Also available in print under title Exchange rate risk management.
Cataloging source
IT-FiEUI
http://library.link/vocab/creatorName
Allayannis, George
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Brown, Gregory W
  • Klapper, Leora
  • World Bank
Series statement
Policy research working papers
Series volume
2606
http://library.link/vocab/subjectName
  • Foreign exchange
  • Risk management
  • Derivative securities
  • Debts, External
  • Hedging (Finance)
Label
Capital structure and financial risk : evidence from foreign debt use in East Asia, George Allayannis, Gregory W. Brown, Leora F. Klapper, (electronic resource)
Link
http://go.worldbank.org/WODHX78S90
Instantiates
Publication
Note
  • Title from title screen as viewed on Sept. 12, 2002
  • "May 2001"--Cover
Bibliography note
Includes bibliographical references (pages 30-32)
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb12781769
Form of item
electronic
Media category
computer
Media MARC source
rdamedia.
Media type code
c
Specific material designation
remote
System control number
(OCoLC)50630442
System details
Mode of access: World Wide Web
Label
Capital structure and financial risk : evidence from foreign debt use in East Asia, George Allayannis, Gregory W. Brown, Leora F. Klapper, (electronic resource)
Link
http://go.worldbank.org/WODHX78S90
Publication
Note
  • Title from title screen as viewed on Sept. 12, 2002
  • "May 2001"--Cover
Bibliography note
Includes bibliographical references (pages 30-32)
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb12781769
Form of item
electronic
Media category
computer
Media MARC source
rdamedia.
Media type code
c
Specific material designation
remote
System control number
(OCoLC)50630442
System details
Mode of access: World Wide Web

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