Trade and exposure of eastern European multinationals

A Muller, Willem Verschoor

Research output: Contribution to journalArticleAcademicpeer-review

1 Citation (Scopus)


We find that about 19% of our sample of 149 Eastern European multinationals’ stock returns experienced economically significant exposure effects to the U.S. dollar for the period January 2000 to December 2004. The average exposure of the highly net exporting (importing) industry portfolios is positive (negative). Foreign exposure is found to increase with the evolution of net positions in U.S. foreign trade and with the industries’ degree of openness towards U.S. foreign markets. We also find that foreign exposure decreases with firm size.
Original languageEnglish
Pages (from-to)218-229
Number of pages12
JournalEmerging Markets Review
Issue number3
Publication statusPublished - 2007
Externally publishedYes


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