An investigation on foreign exchange exposure in Malaysia listed companies

In the light of globalization and internationalization of world markets, foreign exchange risk has become one of the most difficult and persistent problems with which financial executives must cope. This risk cannot be avoided, but can be managed by hedging in currency forwards and options. The nee...

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Main Author:	Piriya, Selvaraju
Format:	Thesis
Language:	eng eng
Published:	2014
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/4606/1/s810244.pdf https://etd.uum.edu.my/4606/2/s810244_abstract.pdf
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id	my-uum-etd.4606
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Hanafi, Norshafizah
topic	HG Finance
spellingShingle	HG Finance Piriya, Selvaraju An investigation on foreign exchange exposure in Malaysia listed companies
description	In the light of globalization and internationalization of world markets, foreign exchange risk has become one of the most difficult and persistent problems with which financial executives must cope. This risk cannot be avoided, but can be managed by hedging in currency forwards and options. The need and approach for managing it depends on the size of exposure and fluctuations in exchange rate. Malaysia has its own status in the international markets. This study construct an analysis about foreign exchange exposure Malaysia companies were listed on Kuala Lumpur Stock Exchange during period January 2000 to December 2010. This study extent the prior researches by investigating the effects of major determinants toward the foreign exchange exposure. This study reveals that company efficiency, size, asset tangibility and growth opportunity do affect the foreign exchange exposure in Malaysia companies in general. However, the result comes up differently when those companies classified into their industry sectors. For Industry Product sector, this study documents the evidence that financial leverage, efficiency, profitability and size of the companies are significantly influence the foreign exchange exposure
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Piriya, Selvaraju
author_facet	Piriya, Selvaraju
author_sort	Piriya, Selvaraju
title	An investigation on foreign exchange exposure in Malaysia listed companies
title_short	An investigation on foreign exchange exposure in Malaysia listed companies
title_full	An investigation on foreign exchange exposure in Malaysia listed companies
title_fullStr	An investigation on foreign exchange exposure in Malaysia listed companies
title_full_unstemmed	An investigation on foreign exchange exposure in Malaysia listed companies
title_sort	investigation on foreign exchange exposure in malaysia listed companies
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2014
url	https://etd.uum.edu.my/4606/1/s810244.pdf https://etd.uum.edu.my/4606/2/s810244_abstract.pdf
_version_	1776103652264509440
spelling	my-uum-etd.46062022-12-28T00:52:29Z An investigation on foreign exchange exposure in Malaysia listed companies 2014 Piriya, Selvaraju Hanafi, Norshafizah Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance In the light of globalization and internationalization of world markets, foreign exchange risk has become one of the most difficult and persistent problems with which financial executives must cope. This risk cannot be avoided, but can be managed by hedging in currency forwards and options. The need and approach for managing it depends on the size of exposure and fluctuations in exchange rate. Malaysia has its own status in the international markets. This study construct an analysis about foreign exchange exposure Malaysia companies were listed on Kuala Lumpur Stock Exchange during period January 2000 to December 2010. This study extent the prior researches by investigating the effects of major determinants toward the foreign exchange exposure. This study reveals that company efficiency, size, asset tangibility and growth opportunity do affect the foreign exchange exposure in Malaysia companies in general. However, the result comes up differently when those companies classified into their industry sectors. For Industry Product sector, this study documents the evidence that financial leverage, efficiency, profitability and size of the companies are significantly influence the foreign exchange exposure 2014 Thesis https://etd.uum.edu.my/4606/ https://etd.uum.edu.my/4606/1/s810244.pdf text eng public https://etd.uum.edu.my/4606/2/s810244_abstract.pdf text eng public masters masters Universiti Utara Malaysia Aabo, T. & Simkins B.J., (2005). “Interaction between real options and financial hedging: fact or fiction in managerial decision-making”, Review of Financial Economics 14, pp. 353–369. 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An investigation on foreign exchange exposure in Malaysia listed companies

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