Asian Crisis and the Exposure of Large United States Firms
收藏ICPSR2000-01-01 更新2026-04-16 收录
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资源简介：
A deep financial and economic crisis ravaged many Asian nations during 1997 and 1998. In this article, the authors examine the impact of the crisis on corporate risk for a subset of large United States firms that are included in the Standard & Poor (S&P) 100 stock market index. They find that the Asian crisis changed many of these firms' exposure to stock market movements -- that is, their "betas," or sensitivity to stock market risk. In particular, the extent of a firm's sales exposure to Asia appears to be an important link through which the crisis affected beta. This effect is amplified by greater financial leverage.
提供机构：
Federal Reserve Bank of St. Louis
创建时间：
2000-01-01
