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File name: SSRN-id53363. ; Size: 146K
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Accounting versus Economic Exposure to Currency Risk
Thomas J. O'Brien
University of Connecticut - Department of Finance
Journal of Financial Statement Analysis, Summer 1997
Abstract:
Financial statements do not accurately reflect the impact of foreign exchange movements on a firm's economic value, particularly if foreign currency debt or derivatives are used to hedge long-term economic exposure. To help analysts and investors interpret financial reporting in this area, this article illustrates the divergence between a firm's accounting exposure and its economic exposure, using scenarios of domestic firms, exporters, and multinationals.
Number of Pages in PDF File: 20
JEL Classification: M41, M44, G15
Accepted Paper Series
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Date posted: January 15, 1998
Suggested CitationO'Brien, Thomas J., Accounting versus Economic Exposure to Currency Risk. Journal of Financial Statement Analysis, Summer 1997. Available at SSRN: http://ssrn.com/abstract=53363 or http://dx.doi.org/10.2139/ssrn.53363
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