|
个人信息Personal Information
副教授
硕士生导师
性别：女
毕业院校：吉林大学
学位：博士
所在单位：金融与会计研究所
学科：金融学
办公地点：管经大楼D459
电子邮箱：guyu@dlut.edu.cn
扫描关注
The Measurement and Determinants Analysis of Exchange Rate Exposure-Empirical evidence from Chinese Textile and Garment Industry
点击次数：
论文类型：会议论文
发表时间：2012-01-01
收录刊物：CPCI-SSH
页面范围：644-649
关键字：textile and garment industry; exchange rate exposure; three factor model
摘要：Based on the Fama-French three factor model, this paper measures the RMB exchange rate exposure of Chinese textile and garment listed companies. Further, this paper examines the determinants of RMB exchange rate exposure. The result shows that 25.6% textile and garment enterprises face significant exchange rate exposure. The paper concludes that the degree of exposure is negatively related to debt ratio and the book to market ratio, and positively related to profit margin and asset tangibility.