The Impact of Exchange Rate Volatility on Taiwanese Semiconductor Exports to Japan
碩士 === 大葉大學 === 國際企業管理學系碩士班 === 103 === Till now, there is no consensus to the impact of the exchange rate risk on exportation, neither in theory nor in the empirical practice. This study aims to analyze the impact of exchange rate risk influence on domestic semiconductor exports to Japan using mont...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2015
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| Online Access: | http://ndltd.ncl.edu.tw/handle/88428637178675126939 |
| Summary: | 碩士 === 大葉大學 === 國際企業管理學系碩士班 === 103 === Till now, there is no consensus to the impact of the exchange rate risk on exportation, neither in theory nor in the empirical practice. This study aims to analyze the impact of exchange rate risk influence on domestic semiconductor exports to Japan using monthly data during the period 2007-2014. Here, the foreign exchange volatility is taken as a proxy variable of exchange rate risk and the monthly realized exchange rates volatility is calculated by the standard deviation of daily nominal exchange rate. The empirical results are shown as follows: The exchange rate volatilty has a remarkable negative impact on domestic semiconductor exports to Japan. Therefore, the exchange-rate-fluctuation influence on our semiconductor exports cannot be belittled. Thus, the negative impact brought about by the exchange rate volatility should be assessed by the government to map out the coping solutions and enhance the competitiveness of our semiconductor industry.
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