CURRENCY RISK EXPOSURE AND ITS DETERMINANTS: THEORETICAL AND EMPIRICAL RESEARCH
DOI:
https://doi.org/10.7251/ACE1730117PAbstract
The study investigates the currency risk exposure of
companies. The author presents relevant theoretical
knowledge and the results of empirical research of the
currency risk exposure of companies and its determinants.
Theoretical viewpoints on the impact of company
characteristics and ambient factors on the currency risk
exposure of companies are consistent. In empirical research,
theoretical attitudes about the impact of ambient
factors on the currency risk exposure of companies have
been confirmed, whereas theoretical attitudes on the
impact of company characteristics have not been confirmed
or not confirmed in a sufficient number of empirical
studies. Based on the obtained results of empirical
research, it is not possible to conclude with certainty
which characteristics of the company affect the currency
risk exposure of companies.