03078ntm a22005177i 4500 000675410 CZ-PrVSE 20200613194230.0 m d cr n|||||||||| 200613s2020 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Bondarenko, Mariia ISIS:137577 dis The impact of FX exposure on the firm’s stock market price eng The impact of FX exposure on the firm’s stock market price / Mariia Bondarenko 2020 ?? stran : digital, PDF soubor Vedoucí práce: Karel Brůna Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví, 2020 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2020 This research aims to analyze the possible impact of exchange rate changes on the stock return of 208 European companies during the period from 2012 to 2018, additionally examining how this impact differs across companies of different size, operating in various industries. For testing, two wide group of sectors were chosen: industrial, including manufacturing and construction companies, and service sectors of economy, consisting of wholesale and retail, tourism and other industries. Multiple regressions with stock return as a dependent variable, and such explanatory variables as changes in exchange rate, market risk premium, inflation, cost of borrowing, profitability, capital structure and growth prospects of the company were used to test underlying hypotheses of this research along with determination of key predictors of stock price behavior. Empirical results confirm that there is a statistically significant link between changes in exchange rate and stock return, and that medium-size companies as well as firm operating in service sector of economy are more exposed to this impact. Způsob přístupu: Internet finance and accounting [obor dipl. práce] diplomové práce fd132022 czenas master's theses eczenas Stock price Exchange rate FX exposure currency risk Stock return Brůna, Karel, 1973- mzk2009543943 ths Tesařová, Žaneta ISIS:101643 opn Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví kn20010709398 dgg https://insis.vse.cz/zp/71407/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/71407 Hlavní práce https://insis.vse.cz/zp/71407/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/71407/posudek/oponent/66562 Oponentura https://insis.vse.cz/zp/71407/podrobnosti dc:identifier NEPOSILAT VSKP vse71407 200610 71407