The Impact of Currency Risk on Firm’s Value in Emerging Countries

This study is dedicated to estimating the impact of currency risk on the cost of equity in Brazil, Russia, India and South Africa. Our contribution to the literature is that we obtain further evidence on pricing of exchange rate risk in developing countries which for now is quite scarce. These motiv...

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Bibliographic Details
Main Authors: Ilia Kuchin, Mariia Elkina, Yury Dranev
Format: Article
Language:English
Published: National Research University Higher School of Economics 2019-03-01
Series:Корпоративные финансы
Subjects:
Online Access:https://cfjournal.hse.ru/article/view/10071/10963