Hedging & foreign exchange exposure: Implications on the stock returns of Philippine companies with foreign activities

• Main Authors: Buso, Symond Nelson I., Cuartero, Rene D., Florido, Jasmine Anne V., Hufano, Janna Mei Y.
• Format: text
• Language: English
• Published: Animo Repository 2010
• Subjects: Hedging (Finance); Foreign exchange > Philippines; Finance and Financial Management
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/18512
• Institution: De La Salle University

This paper seeks to examine the extent of foreign exchange exposure of selected Philippine companies with foreign activities (COWFAs) covering the period 2003-2008. This is done by looking at the relationships between the rate of return of the companies' stock price and the rate of return of th...