Employment growth in the face of exchange rate uncertainty: The role of trade and foreign equity finance.

This paper looks at the role of external trade and foreign equity finance in determining the impact of exchange rate uncertainty on firm‐level employment growth in a major developing economy: India. Exchange rate uncertainty is found to affect firm‐level employment growth adversely on average, but t...

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Publicado en:Southern Economic Journal Vol. 88; no. 1; pp. 79 - 118
Autor principal: Dhasmana, Anubha
Formato: Artículo
Publicado: Wiley-Blackwell Jul2021
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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      dt: Jul2021
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        151330648
        10.1002/soej.12502
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        atl: Employment growth in the face of exchange rate uncertainty: The role of trade and foreign equity finance.
      aug:
        au: Dhasmana, Anubha
        affil: Employment Exchange Rate Uncertainty and Finance, Economics and Social Sciences, Indian Institute of Management Bangalore, Bangalore, India
      su:
        India
        International trade
        Uncertainty
        Employment
        Capital structure
        Employment statistics
        Foreign exchange rates
        Foreign ownership of business enterprises
      sug:
        subj:
          International trade
          Uncertainty
          Employment
          India
          International Trade Financing
          Capital structure
          Employment statistics
          Foreign exchange rates
          Foreign ownership of business enterprises
      keyword:
        employment
        real exchange rate volatility
        trade exposure
        employment
        real exchange rate volatility
        trade exposure
      ab: This paper looks at the role of external trade and foreign equity finance in determining the impact of exchange rate uncertainty on firm‐level employment growth in a major developing economy: India. Exchange rate uncertainty is found to affect firm‐level employment growth adversely on average, but the impact depends upon firm‐level characteristics such as exposure to foreign trade through imports and exports and firm‐level mark‐up. Foreign equity finance reduces the negative impact of exchange rate uncertainty on employment growth but the same cannot be said about access to domestic equity finance.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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