{"id":"https://openalex.org/W1965015138","doi":"https://doi.org/10.1108/14635789510147810","title":"Currency risk and international property investments","display_name":"Currency risk and international property investments","publication_year":1995,"publication_date":"1995-12-01","ids":{"openalex":"https://openalex.org/W1965015138","doi":"https://doi.org/10.1108/14635789510147810","mag":"1965015138"},"language":"en","primary_location":{"id":"doi:10.1108/14635789510147810","doi":"https://doi.org/10.1108/14635789510147810","is_oa":false,"landing_page_url":"https://doi.org/10.1108/14635789510147810","pdf_url":null,"source":{"id":"https://openalex.org/S191900708","display_name":"Journal of Property Valuation and Investment","issn_l":"0960-2712","issn":["0960-2712","1758-7867"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Property Valuation and Investment","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5045384697","display_name":"Elaine Worzala","orcid":"https://orcid.org/0000-0001-7613-8549","observed_orcids":["https://orcid.org/0000-0001-7613-8549"]},"institutions":[{"id":"https://openalex.org/I92446798","display_name":"Colorado State University","ror":"https://ror.org/03k1gpj17","country_code":"US","type":"education","lineage":["https://openalex.org/I92446798"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Elaine Worzala","raw_affiliation_strings":["Assistant Professor in the Department of Finance and Real Estate at Colorado State University, Fort Collins, Colorado, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Assistant Professor in the Department of Finance and Real Estate at Colorado State University, Fort Collins, Colorado, USA","institution_ids":["https://openalex.org/I92446798"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5045384697"],"corresponding_institution_ids":["https://openalex.org/I92446798"],"apc_list":null,"apc_paid":null,"fwci":6.831,"has_fulltext":false,"cited_by_count":30,"citation_normalized_percentile":{"value":0.96163751,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":"13","issue":"5","first_page":"23","last_page":"38"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.3596000075340271,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.3596000075340271,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.33809998631477356,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.11749999970197678,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/foreign-exchange-risk","display_name":"exchange rate risk","score":0.9919999837875366},{"id":"https://openalex.org/keywords/floating-exchange-rates","display_name":"exchange rate fluctuations","score":0.8849999904632568},{"id":"https://openalex.org/keywords/currency-hedging","display_name":"currency hedging","score":0.7310000061988831},{"id":"https://openalex.org/keywords/forward-contracts","display_name":"forward contracts","score":0.7760000228881836},{"id":"https://openalex.org/keywords/futures-contracts","display_name":"futures contracts","score":0.9580000042915344},{"id":"https://openalex.org/keywords/options","display_name":"options","score":0.7829999923706055},{"id":"https://openalex.org/keywords/currency-swaps","display_name":"currency swaps","score":0.847000002861023},{"id":"https://openalex.org/keywords/investor-sophistication","display_name":"investor sophistication","score":0.5249999761581421}],"concepts":[{"id":"https://openalex.org/C165705269","wikidata":"https://www.wikidata.org/wiki/Q1542397","display_name":"Foreign exchange risk","level":3,"score":0.7606483697891235},{"id":"https://openalex.org/C141121606","wikidata":"https://www.wikidata.org/wiki/Q8142","display_name":"Currency","level":2,"score":0.7393494844436646},{"id":"https://openalex.org/C70771513","wikidata":"https://www.wikidata.org/wiki/Q235779","display_name":"Hedge","level":2,"score":0.5807115435600281},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.5761945247650146},{"id":"https://openalex.org/C106306483","wikidata":"https://www.wikidata.org/wiki/Q183984","display_name":"Futures contract","level":2,"score":0.5682417154312134},{"id":"https://openalex.org/C70455891","wikidata":"https://www.wikidata.org/wiki/Q220788","display_name":"Devaluation","level":3,"score":0.55742347240448},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5326658487319946},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.5122515559196472},{"id":"https://openalex.org/C103144560","wikidata":"https://www.wikidata.org/wiki/Q2670999","display_name":"Investment strategy","level":3,"score":0.4741603434085846},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.473773717880249},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.4499271810054779},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3944275975227356},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.3348187804222107},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.07984316349029541},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1108/14635789510147810","doi":"https://doi.org/10.1108/14635789510147810","is_oa":false,"landing_page_url":"https://doi.org/10.1108/14635789510147810","pdf_url":null,"source":{"id":"https://openalex.org/S191900708","display_name":"Journal of Property Valuation and Investment","issn_l":"0960-2712","issn":["0960-2712","1758-7867"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Property Valuation and Investment","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Partnerships for the goals","score":0.49000000953674316,"id":"https://metadata.un.org/sdg/17"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":20,"referenced_works":["https://openalex.org/W1518469845","https://openalex.org/W1523688010","https://openalex.org/W1532655029","https://openalex.org/W1533010087","https://openalex.org/W1605165761","https://openalex.org/W1717415764","https://openalex.org/W1989112614","https://openalex.org/W1992626379","https://openalex.org/W2016351498","https://openalex.org/W2021286391","https://openalex.org/W2038313788","https://openalex.org/W2038372290","https://openalex.org/W2039822815","https://openalex.org/W2050650281","https://openalex.org/W2055096672","https://openalex.org/W2125927994","https://openalex.org/W2131528683","https://openalex.org/W2160861654","https://openalex.org/W2166017658","https://openalex.org/W6986662094"],"related_works":["https://openalex.org/W1999785980","https://openalex.org/W2205012539","https://openalex.org/W2113298650","https://openalex.org/W2089997302","https://openalex.org/W118693888","https://openalex.org/W1528551536","https://openalex.org/W2081256613","https://openalex.org/W2050773039","https://openalex.org/W1971000102","https://openalex.org/W1523688010"],"abstract_inverted_index":{"Incorporating":[0],"exchange":[1,92],"rate":[2,93],"fluctuations":[3],"into":[4,49],"the":[5,13,20,25,38,50,57,97,102],"analysis":[6],"of":[7,19,27,104,127],"an":[8],"international":[9,128],"investment":[10,30,51],"substantially":[11],"alters":[12],"expected":[14],"risk":[15,43,107],"and":[16,47,90,114,120,133],"return":[17],"characteristics":[18],"investments.":[21],"With":[22],"fluctuating":[23],"rates,":[24],"value":[26],"a":[28,125],"successful":[29],"property":[31],"could":[32],"be":[33,45,62],"devastated":[34],"when":[35],"converted":[36],"to":[37,74,83,96],"investor\u2032s":[39],"home":[40,87],"currency.":[41],"This":[42],"should":[44],"recognized":[46],"incorporated":[48],"decision":[52],"but,":[53],"as":[54,77],"results":[55],"show,":[56],"ultimate":[58],"strategy":[59],"may":[60],"not":[61],"periodic":[63],"adjustments":[64],"which":[65],"have":[66,79],"been":[67],"used":[68],"by":[69],"many":[70],"researchers,":[71],"nor":[72],"trying":[73],"hedge":[75],"fully":[76],"others":[78],"suggested,":[80],"but":[81],"rather":[82],"examine":[84],"returns":[85],"in":[86,142],"market":[88],"currency":[89,98,106,121,145],"leave":[91],"exposure":[94],"decisions":[95],"portfolio":[99],"managers.":[100],"Explores":[101],"possibilities":[103],"mitigating":[105],"through":[108],"several":[109],"hedging":[110],"instruments":[111],"\u2013":[112],"forward":[113],"futures":[115],"contracts,":[116],"options,":[117],"back\u2010to\u2010back":[118],"loans":[119],"swaps.":[122],"Results":[123],"from":[124],"survey":[126],"investors":[129,139],"are":[130,140],"also":[131],"summarized":[132],"comments":[134],"provide":[135],"substantial":[136],"evidence":[137],"that":[138],"unsophisticated":[141],"dealing":[143],"with":[144],"questions.":[146]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":2},{"year":2018,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2014,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}