Exchange Rate Exposure and its Determinants: Evidence from Indian Firms

Mohapatra, S M and Rath, Badri Narayan (2017) Exchange Rate Exposure and its Determinants: Evidence from Indian Firms. The International Trade Journal, 31 (2). pp. 197-211. ISSN 0885-3908

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This article examines the determinants of the exchange rate exposure by comparing both manufacturing and service sector firms in India over the period of 2000 to 2013. First, the study finds that service sector firms are more exposed to exchange rate changes than manufacturing firms in India. Second, the results indicate that the market-to-book ratio and export are significant and positively related; however, size is negatively related to the exchange rate exposure of both the manufacturing and service sector firms. These results are robust with the estimation using a trade-weighted exchange rate.

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IITH Creators:
IITH CreatorsORCiD
Rath, Badri Narayan
Item Type: Article
Uncontrolled Keywords: Debt ratio, exchange rate exposure, market to book, panel data, size
Subjects: Social sciences
Social sciences > Political Science & Economics
Arts > Liberal arts
Divisions: Department of Liberal Arts
Depositing User: Team Library
Date Deposited: 28 May 2018 11:43
Last Modified: 28 May 2018 11:43
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