مواجهه با نرخ ارز در سطح شرکت و صنعت: مدرک از کشور ترکیه

The purpose of this study is to examine industry-weighted exchange rate exposure at the firm and industry level for Turkish plants. We use an unbalanced panel of plant-level data for manufacturing firms in Turkey during the years of 2002 and 2010 in seven industries. The results indicate that macro indicators seem to be a more significant influence on the exchange rate exposure. Moreover, industry-weighted openness is the most important factor to determine the exchange rate exposure for Turkish firms. We also find that the direction of exposure varies at the industry level.