The Determinants of Foreign Exchange Exposure of EGX30 Companies "An Empirical Study"

M. S. Nada, Rehab Emad El-Din Mohammed


This study aims to examine the evidence for measuring the significance of foreign exchange exposure (FXE) for EGX30 companies during the period from 2000-2016. The problem of the study is concerned with the fluctuations of the foreign exchange (FX) rate in Egypt, which have a great effect on the financial performance of EGX30 companies. Following prior studies (e.g. Aggarwal R., 2010; Lee, 2011 and Sam Agyei-Ampomah K. M., 2012), this study uses Fama-French (FF) model to measure the FXE. The result of the study shows that 70% of EGX30 companies were significant to the foreign exchange exposure; the results are robust to the choice of model design.

Full Text:



Copyright (c) 2017 Asian Journal of Finance & Accounting

Asian Journal of Finance & Accounting ISSN 1946-052X


Copyright © Macrothink Institute


To make sure that you can receive messages from us, please add the '' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.