Asian Crisis and the Exposure of Large United States Firms / William R. Emmons, Frank A. Schmid.

Format:

Datafile

Contributor:

Emmons, William R.

Schmid, Frank A., 1962-

Inter-university Consortium for Political and Social Research.

Series:

ICPSR (Series) ; 1217.

ICPSR ; 1217

Language:

English

Genre:

Academic theses.

Physical Description:

1 online resource.

Place of Publication:

Ann Arbor, Mich. : Inter-university Consortium for Political and Social Research [distributor], 2000.

System Details:

Mode of access: World Wide Web.

data file

Summary:

A deep financial and economic crisis ravaged many Asian nations during 1997 and 1998. In this article, the authors examine the impact of the crisis on corporate risk for a subset of large United States firms that are included in the Standard & Poor (S&P) 100 stock market index. They find that the Asian crisis changed many of these firms' exposure to stock market movements -- that is, their "betas," or sensitivity to stock market risk. In particular, the extent of a firm's sales exposure to Asia appears to be an important link through which the crisis affected beta. This effect is amplified by greater financial leverage.

Notes:

Title from ICPSR DDI metadata of 2004-10-30.

OCLC:

61145884

Access Restriction:

Restricted for use by site license.