Is�currency risk priced in the�stock return - evidence from AEC markets
Viriyah Vorasitchai
Abstract:When investors from different countries invest abroad in the same destination country and same asset is invested, they may achieve different foreign asset return or value after converting back to the home currency in each country, in other words, the value of such investment and its return could differ from what they retain in the that foreign currency.� This phenomenon leads to the risk called currency risk.� The currency risk could also be seen in several different ways such as economic risk, transaction r… Show more
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