Research
My research spans the following areas:
- Risk Management/Hedging
- Exchange rate risk (exposure)/International Finance
- Financial Policies
- Corporate Governance
- Financing Constraints and Investment
Journal Publications
-
The Use of Foreign
Currency Derivatives, Corporate Governance, and Firm Value
Around the World with Ugur
Lel (Virginia Tech) and Darius Miller (SMU)
forthcoming Journal of International Economics - Do Investors Value Smooth Performance? with Brian
Rountree (Rice) and James Weston (Rice)
Journal of Financial Economics, 90 (2008), pp. 237-251 - The Impact of Negative Cash Flow and Influential Observations on Investment-Cash Flow Sensitivity Estimates with Abon Mozumdar (Virginia Tech) published in Journal of Banking and Finance 28 (2004), pp. 901-930
- Capital Structure and Financial Risk: Evidence from Foreign Debt
Use in East Asia with Greg Brown (Chapel Hill) and Leora
Klapper (World Bank) (October 2003) [This is an electronic version of an
article published in Journal of Finance: complete citation information for the
final version of the paper, as published in the print edition of
Journal of Finance, is available on the Blackwell Synergy
online delivery service, accessible via the journal’s website at
http://www.blackwell-synergy.com.
published in The Journal
of Finance December 2003, vol. LVIII, no.6
]
- The Use of Foreign Currency Derivatives and Firm Market Value, with James Weston (Rice) published in Review of Financial Studies, Spring 2001 Vol. 14, No. 1, pp. 243-276 Copyright owner: Society for Financial Studies
- Exposure and Markups with Jane Ihrig (Board of Governors) published in Review of Financial Studies, Fall 2001 Vol. 14, No. 3, pp. 805-835 Copyright owner: Society for Financial Studies
- Exchange-Rate Hedging: Financial vs. Operating Strategies with Jane Ihrig (Board of Governors) and James Weston (Rice) (May 2001) published in American Economic Review Papers & Proceedings, 91 (2) 2001, pp. 391-395
- Exchange-Rate Exposure, Hedging and the Use of
Foreign Currency Derivatives, with
Eli Ofek (NYU)
(April 1998);
published in Journal of International Money and Finance 20 (2001) 273-296 Click here for JIMF Cite
Other Publications
- The Use of Currency Derivatives and Industry Structure, with James Weston (UVA) (April 1999) published in Brown, G., and Chew, D., (Eds) Corporate Risk: Strategies and Management, Risk Books
- The Impact of the Asian Financial Crisis on U.S. Multinationals: How effective were Financial and Operational Hedging Strategies with James Weston (Rice) in Choi J. J., and Powers M., (Eds), International Finance Series, titled, Global Risk Management: Financial, Operational and Insurance Strategies, volume 3, 2002, JAI Elsevier Science
Working Papers
- Financial Policies and Hedging with Michael Schill (Darden) (May 2010)
- Earnings Smoothing, Analyst Following, and Firm Value with Paul Simko (Darden) (August 2009)
- Legal Effectiveness and External Capital: Evidence from Foreign Debtwith Greg Brown (Chapel Hill) and Leora Klapper (World Bank) (July 2004)
Old Working Papers
- Earnings volatility, cash flow volatility, and firm value with James Weston (Rice) (July 2003)
- Cash Flow, Investment, and Hedging, with Abon Mozumdar (Virginia Tech) (September 2000)
- The Time-Variation of the Exchange-Rate Exposure: An Industry Analysis (DSWP 97-29) (December 1997)
-
Exchange-Rate Exposure Revisited
(DSWP 97-06)
(December 1996)
Presentations
- The Use of Currency Derivatives and Other Risk Management Strategies by Corporations: Success of Failure? at the 2nd Annual Global Risk Management Conference, Temple University, April 20, 2001
E-mail: allayannisy@darden.virginia.edu