Chulalongkorn University Theses and Dissertations (Chula ETD)
Other Title (Parallel Title in Other Language of ETD)
การศึกษาความสัมพันธ์ระหว่างความเสี่ยงทางอัตราแลกเปลี่ยนและผลตอบแทนของหุ้น - หลักฐานจากประชาคมเศรษฐกิจอาเซียน
Year (A.D.)
2021
Document Type
Independent Study
First Advisor
Boonlert Jitmaneeroj
Faculty/College
Faculty of Commerce and Accountancy (คณะพาณิชยศาสตร์และการบัญชี)
Department (if any)
Department of Banking and Finance (ภาควิชาการธนาคารและการเงิน)
Degree Name
Master of Science
Degree Level
Master's Degree
Degree Discipline
Finance
DOI
10.58837/CHULA.IS.2021.94
Abstract
When investors from different countries invest abroad in the same destination country and same asset is invested, they may achieve different foreign asset return or value after converting back to the home currency in each country, in other words, the value of such investment and its return could differ from what they retain in the that foreign currency. This phenomenon leads to the risk called “currency risk”. The currency risk could also be seen in several different ways such as economic risk, transaction risk as so on. Considering the value of the asset return after converting back to home currency, as the value of such return varies across countries, it means investors who is risk averse should require a compensation.
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Recommended Citation
Vorasitchai, Viriyah, "Is currency risk priced in the stock return - evidence from AEC markets" (2021). Chulalongkorn University Theses and Dissertations (Chula ETD). 7710.
https://digital.car.chula.ac.th/chulaetd/7710