• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>International Journal of Business and Management >The Pricing of Exchange Rates in Japan: The Cases of the Japanese Automobile Industry Firms after the US Lehman Shock
【24h】

The Pricing of Exchange Rates in Japan: The Cases of the Japanese Automobile Industry Firms after the US Lehman Shock

机译：日本的汇率定价：美国雷曼冲击后日本汽车工业公司的案例

获取原文
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

This paper investigates the time-series dynamics of the sensitivities of stock returns as to three Japanese representative automobile industry firms to the changes of the yen/US dollars exchange rates. Further, we also empirically examine whether the yen/US dollars exchange rates are priced in the Japanese automobile industry firms. We are particularly interested in the period after the US Lehman Shock in this study. Our formal statistical tests firstly demonstrate that recently, the sensitivities of the Japanese automobile industry stocks to the yen/US dollars exchange rates clearly increased. Moreover, the results of our traditional regressions clearly indicate that as to the representative automobile industry firms in Japan, the yen/US dollars exchange rate changes are generally priced in the Japanese equity markets, and their degrees of pricing are highest in the period after the US Lehman Shock.
机译：本文研究了三家日本代表性汽车工业公司的股票收益率对日元/美元汇率变化的敏感性的时间序列动态。此外，我们还根据经验检查了日元/美元汇率是否在日本汽车工业公司中定价。在这项研究中，我们对美国雷曼冲击后的时期特别感兴趣。我们的正式统计测试首先表明，最近，日本汽车工业股票对日元/美元汇率的敏感度明显增加。此外，我们传统回归的结果清楚地表明，对于日本代表性的汽车工业公司而言，日元/美元汇率的变化通常在日本股票市场中定价，而其定价程度则在日本股市之后最高。美国雷曼冲击。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号