The foreign exchange operating exposure of Australian stocks

Geoffrey Loudon*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

39 Citations (Scopus)


This paper provides empirical evidence on the stock return sensitivity of a sample of Australian companies, to changes in the trade weighted index value of the Australian dollar during the post float period January, 1984 ‐ December, 1989. Exposure is estimated using time series regression methods. While the evidence of exposure is generally weak, there is evidence that resource stocks and industrial stocks respond differentially to fluctuations in the Australian dollar.

Original languageEnglish
Pages (from-to)19-32
Number of pages14
JournalAccounting & Finance
Issue number1
Publication statusPublished - 1993


Dive into the research topics of 'The foreign exchange operating exposure of Australian stocks'. Together they form a unique fingerprint.

Cite this