İnvestıgatıng exchange rate exposure of energy fırms: evıdence from Turkey

Basit Öğe Kaydı
dc.authoridOzturk, Ilhan -- 0000-0002-6521-0901
dc.contributor.authorKandir, Serkan Yilmaz
dc.contributor.authorErismis, Ahmet
dc.contributor.authorÖztürk, İlhan
dc.date.accessioned12.07.201910:50:10
dc.date.accessioned2019-07-12T15:27:58Z
dc.date.available12.07.201910:50:10
dc.date.available2019-07-12T15:27:58Z
dc.date.issued2015
dc.departmentMeslek Yüksekokuluen_US
dc.descriptionWOS: 000368049700007en_US
dc.description.abstractThis study investigates the exchange rate exposure of Turkish energy firms from 2002 to 2010. We employed a regression model that is constructed by adding exchange rate and oil price factors to Fama-French Three Factor Model. Empirical results suggest that exchange rate risk appears to impact energy firms diversely. Among the 9 energy firms in our sample, only 2 firms seem to be exposed to exchange rate risk. These two energy firms appear to have larger open foreign currency positions and do not use any hedging methods. On the contrary, rest of the energy firms that are not found to be affected by exchange rate risk either seem to have smaller open foreign currency positions or employ hedging methods to manage exchange rate risk. Overall, our results provide evidence that energy firms exposed to exchange rate risk share similar characteristics.en_US
dc.identifier.doi10.18267/j.pep.532
dc.identifier.endpage743en_US
dc.identifier.issn1210-0455
dc.identifier.issn2336-730X
dc.identifier.issue6en_US
dc.identifier.scopus2-s2.0-84959272096
dc.identifier.scopusqualityQ3
dc.identifier.startpage729en_US
dc.identifier.urihttps://doi.org/10.18267/j.pep.532
dc.identifier.urihttps://hdl.handle.net/20.500.12507/560
dc.identifier.volume24en_US
dc.identifier.wosWOS:000368049700007
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherPUnıv economıcs-pragueen_US
dc.relation.ispartofPrague Economıc Papers
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectEnergy Firmsen_US
dc.subjectStock Returnsen_US
dc.subjectExchange Rate Exposureen_US
dc.titleİnvestıgatıng exchange rate exposure of energy fırms: evıdence from Turkey
dc.typeArticle

Dosyalar

Orijinal paket
Listeleniyor 1 - 1 / 1
Küçük Resim
İsim:
İlhan ÖZTÜRK 1.pdf
Boyut:
830.78 KB
Biçim:
Adobe Portable Document Format
Açıklama:
Tam Metin / Full Text
İndir

Koleksiyon

Makale Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu
WoS İndeksli Yayınlar Koleksiyonu