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The Resource Asian Crisis and the Exposure of Large United States Firms

Asian Crisis and the Exposure of Large United States Firms

Label
Asian Crisis and the Exposure of Large United States Firms
Title
Asian Crisis and the Exposure of Large United States Firms
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Author
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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
http://library.link/vocab/creatorName
  • Emmons, William R
  • Inter-university Consortium for Political and Social Research [distributor]
http://library.link/vocab/relatedWorkOrContributorName
Schmid, Frank A.
Label
Asian Crisis and the Exposure of Large United States Firms
Instantiates
Publication
Note
1217
Control code
ICPSR01217.v1
Governing access note
Access restricted to subscribing institutions
Label
Asian Crisis and the Exposure of Large United States Firms
Publication
Note
1217
Control code
ICPSR01217.v1
Governing access note
Access restricted to subscribing institutions

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