The Role of Exchange Rates in the Stock Price Development of Chemical Companies in the Visegrad Four Countries
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F19%3AA0000044" target="_blank" >RIV/47813059:19520/19:A0000044 - isvavai.cz</a>
Result on the web
<a href="https://content.sciendo.com/view/journals/cer/22/3/article-p117.xml" target="_blank" >https://content.sciendo.com/view/journals/cer/22/3/article-p117.xml</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.2478/cer-2019-0026Openaccess" target="_blank" >10.2478/cer-2019-0026Openaccess</a>
Alternative languages
Result language
angličtina
Original language name
The Role of Exchange Rates in the Stock Price Development of Chemical Companies in the Visegrad Four Countries
Original language description
The aim of the paper is to evaluate the effect of exchange rates on the stock prices of companies in the chemical industry listed on the stock exchanges in the Visegrad Four countries. The empirical analysis was performed from September 2003 to June 2016 on companies from the petrochemical and pharmaceutical industry. The effect of the exchange rate on stock prices is analyzed using Jorion’s approach on monthly data. In contrast to the selected petrochemical companies, the pharmaceutical companies did not use any hedging instruments in the tested period. The effect of the exchange rate on the stock price was proved only in the case of companies from the pharmaceutical industry. This suggests that exchange rate risk could be eliminated by using hedging instruments.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
COMPARATIVE ECONOMIC RESEARCH - CENTRAL AND EASTERN EUROPE
ISSN
1508-2008
e-ISSN
2082-6737
Volume of the periodical
22
Issue of the periodical within the volume
3
Country of publishing house
DE - GERMANY
Number of pages
13
Pages from-to
117-129
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85072540118