{"id":"https://openalex.org/W2076479645","doi":"https://doi.org/10.1111/j.1540-6261.2007.01281.x","title":"Exchange Rates and Cash Flows in Differentiated Product Industries: A Simulation Approach","display_name":"Exchange Rates and Cash Flows in Differentiated Product Industries: A Simulation Approach","publication_year":2007,"publication_date":"2007-09-04","ids":{"openalex":"https://openalex.org/W2076479645","doi":"https://doi.org/10.1111/j.1540-6261.2007.01281.x","mag":"2076479645"},"language":"en","primary_location":{"id":"doi:10.1111/j.1540-6261.2007.01281.x","doi":"https://doi.org/10.1111/j.1540-6261.2007.01281.x","is_oa":true,"landing_page_url":"https://doi.org/10.1111/j.1540-6261.2007.01281.x","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/j.1540-6261.2007.01281.x","source":{"id":"https://openalex.org/S5353659","display_name":"The Journal of Finance","issn_l":"0022-1082","issn":["0022-1082","1540-6261"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/j.1540-6261.2007.01281.x","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5066137266","display_name":"Richard Friberg","orcid":"https://orcid.org/0000-0001-5951-1719","observed_orcids":["https://orcid.org/0000-0001-5951-1719"]},"institutions":[{"id":"https://openalex.org/I4210095257","display_name":"Institute of Industrial Economics","ror":"https://ror.org/00sv48x88","country_code":"UA","type":"facility","lineage":["https://openalex.org/I149851306","https://openalex.org/I4210095257"]}],"countries":["UA"],"is_corresponding":false,"raw_author_name":"RICHARD FRIBERG","raw_affiliation_strings":["search Institute of Industrial Economics. We thank"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"search Institute of Industrial Economics. We thank","institution_ids":["https://openalex.org/I4210095257"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5060849692","display_name":"Mattias Ganslandt","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I123387679","display_name":"Uppsala University","ror":"https://ror.org/048a87296","country_code":"SE","type":"education","lineage":["https://openalex.org/I123387679"]},{"id":"https://openalex.org/I161593684","display_name":"Stockholm University","ror":"https://ror.org/05f0yaq80","country_code":"SE","type":"education","lineage":["https://openalex.org/I161593684"]},{"id":"https://openalex.org/I180242103","display_name":"Stockholm School of Economics","ror":"https://ror.org/01s5jzh92","country_code":"SE","type":"education","lineage":["https://openalex.org/I180242103"]},{"id":"https://openalex.org/I77432436","display_name":"Research Institute of Industrial Economics","ror":"https://ror.org/0311gd774","country_code":"SE","type":"nonprofit","lineage":["https://openalex.org/I77432436"]}],"countries":["SE"],"is_corresponding":false,"raw_author_name":"MATTIAS GANSLANDT","raw_affiliation_strings":["Richard Friberg is at Stockholm School of Economics and CEPR. Mattias Ganslandt is at Research Institute of Industrial Economics. We thank Joel Reneby, Fredrik Wilander, an anonymous referee, and seminar participants at Stockholm University, Uppsala University, and the Finance workshop at Stockholm School of Economics for valuable comments"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Richard Friberg is at Stockholm School of Economics and CEPR. Mattias Ganslandt is at Research Institute of Industrial Economics. We thank Joel Reneby, Fredrik Wilander, an anonymous referee, and seminar participants at Stockholm University, Uppsala University, and the Finance workshop at Stockholm School of Economics for valuable comments","institution_ids":["https://openalex.org/I123387679","https://openalex.org/I161593684","https://openalex.org/I180242103","https://openalex.org/I77432436"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":5,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":4430,"currency":"USD","value_usd":4430},"apc_paid":null,"fwci":4.6174,"has_fulltext":true,"cited_by_count":15,"citation_normalized_percentile":{"value":0.95770057,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":"62","issue":"5","first_page":"2475","last_page":"2502"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.9262999892234802,"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":0.9262999892234802,"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/T10047","display_name":"Financial Markets and Investment Strategies","score":0.012400000356137753,"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"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.011599999852478504,"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/exchange-rates","display_name":"exchange rates","score":0.878000020980835},{"id":"https://openalex.org/keywords/firm-cash-flow","display_name":"firm cash flow","score":0.9150000214576721},{"id":"https://openalex.org/keywords/differentiated-products","display_name":"differentiated products","score":0.8859999775886536},{"id":"https://openalex.org/keywords/price-competition","display_name":"price competition","score":0.699999988079071},{"id":"https://openalex.org/keywords/marginal-cost-estimation","display_name":"marginal cost estimation","score":0.6740000247955322},{"id":"https://openalex.org/keywords/discrete-choice","display_name":"discrete choice","score":0.5559999942779541},{"id":"https://openalex.org/keywords/monte-carlo-simulation","display_name":"Monte Carlo simulation","score":0.8029999732971191},{"id":"https://openalex.org/keywords/foreign-exchange-risk","display_name":"exchange rate risk","score":0.906000018119812},{"id":"https://openalex.org/keywords/bottled-water-market","display_name":"bottled water market","score":0.8700000047683716}],"concepts":[{"id":"https://openalex.org/C108650721","wikidata":"https://www.wikidata.org/wiki/Q1783253","display_name":"Counterfactual thinking","level":2,"score":0.8342380523681641},{"id":"https://openalex.org/C163428354","wikidata":"https://www.wikidata.org/wiki/Q1047513","display_name":"Cash flow","level":2,"score":0.6281977891921997},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5620370507240295},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.540972888469696},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5177299380302429},{"id":"https://openalex.org/C33556415","wikidata":"https://www.wikidata.org/wiki/Q1200129","display_name":"Product differentiation","level":3,"score":0.5175182819366455},{"id":"https://openalex.org/C19499675","wikidata":"https://www.wikidata.org/wiki/Q232207","display_name":"Monte Carlo method","level":2,"score":0.5090462565422058},{"id":"https://openalex.org/C91306197","wikidata":"https://www.wikidata.org/wiki/Q45767","display_name":"Competition (biology)","level":2,"score":0.5049653649330139},{"id":"https://openalex.org/C90673727","wikidata":"https://www.wikidata.org/wiki/Q901718","display_name":"Product (mathematics)","level":2,"score":0.4962075352668762},{"id":"https://openalex.org/C2778083465","wikidata":"https://www.wikidata.org/wiki/Q693464","display_name":"Cash","level":2,"score":0.4423591196537018},{"id":"https://openalex.org/C190669063","wikidata":"https://www.wikidata.org/wiki/Q5282043","display_name":"Discrete choice","level":2,"score":0.4346272051334381},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.37841111421585083},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3671586215496063},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.12889546155929565},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.11986252665519714},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.09653311967849731},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C16520705","wikidata":"https://www.wikidata.org/wiki/Q601799","display_name":"Cournot competition","level":2,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1111/j.1540-6261.2007.01281.x","doi":"https://doi.org/10.1111/j.1540-6261.2007.01281.x","is_oa":true,"landing_page_url":"https://doi.org/10.1111/j.1540-6261.2007.01281.x","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/j.1540-6261.2007.01281.x","source":{"id":"https://openalex.org/S5353659","display_name":"The Journal of Finance","issn_l":"0022-1082","issn":["0022-1082","1540-6261"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Finance","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.1111/j.1540-6261.2007.01281.x","doi":"https://doi.org/10.1111/j.1540-6261.2007.01281.x","is_oa":true,"landing_page_url":"https://doi.org/10.1111/j.1540-6261.2007.01281.x","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/j.1540-6261.2007.01281.x","source":{"id":"https://openalex.org/S5353659","display_name":"The Journal of Finance","issn_l":"0022-1082","issn":["0022-1082","1540-6261"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Finance","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2076479645.pdf","grobid_xml":"https://content.openalex.org/works/W2076479645.grobid-xml"},"referenced_works_count":45,"referenced_works":["https://openalex.org/W583976002","https://openalex.org/W1509395682","https://openalex.org/W1528766416","https://openalex.org/W1561131190","https://openalex.org/W1583498511","https://openalex.org/W1594733550","https://openalex.org/W1600268109","https://openalex.org/W1978907431","https://openalex.org/W2000587002","https://openalex.org/W2004558302","https://openalex.org/W2006841274","https://openalex.org/W2011677438","https://openalex.org/W2012226613","https://openalex.org/W2017095822","https://openalex.org/W2018772681","https://openalex.org/W2022804428","https://openalex.org/W2023916452","https://openalex.org/W2031679083","https://openalex.org/W2034339907","https://openalex.org/W2038625161","https://openalex.org/W2057955015","https://openalex.org/W2065962142","https://openalex.org/W2070872401","https://openalex.org/W2085697396","https://openalex.org/W2085847587","https://openalex.org/W2085866877","https://openalex.org/W2089610985","https://openalex.org/W2093714429","https://openalex.org/W2096706782","https://openalex.org/W2098372183","https://openalex.org/W2100267563","https://openalex.org/W2111527933","https://openalex.org/W2164277021","https://openalex.org/W2167836180","https://openalex.org/W2172078338","https://openalex.org/W2177553720","https://openalex.org/W2232842758","https://openalex.org/W2890898686","https://openalex.org/W3021709890","https://openalex.org/W3121260557","https://openalex.org/W3123188418","https://openalex.org/W3123536936","https://openalex.org/W3124203415","https://openalex.org/W3125038863","https://openalex.org/W3125738487"],"related_works":["https://openalex.org/W585898191","https://openalex.org/W583207627","https://openalex.org/W1552216725","https://openalex.org/W1481572353","https://openalex.org/W2524596011","https://openalex.org/W2022981073","https://openalex.org/W2089570303","https://openalex.org/W7100947766","https://openalex.org/W3121492018","https://openalex.org/W155122083"],"abstract_inverted_index":{"ABSTRACT":[0],"How":[1],"do":[2],"exchange":[3,67,98],"rate":[4,99],"changes":[5],"impact":[6],"firms'":[7],"cash":[8],"flows?":[9],"We":[10,23,69],"extend":[11],"a":[12,35,53,85],"simulation":[13],"method":[14,72],"developed":[15],"in":[16,84],"industrial":[17],"organization":[18],"to":[19,45],"answer":[20],"this":[21,91],"question.":[22],"use":[24],"prices,":[25],"quantities,":[26],"and":[27,39,61],"product":[28],"characteristics":[29],"for":[30,49,63,76],"differentiated":[31],"products,":[32],"coupled":[33],"with":[34],"discrete":[36],"choice":[37],"framework":[38],"an":[40],"assumption":[41],"of":[42,66],"price":[43],"competition,":[44],"estimate":[46],"marginal":[47],"costs":[48],"all":[50],"producers.":[51],"Using":[52],"Monte":[54],"Carlo":[55],"approach":[56],"we":[57],"generate":[58],"counterfactual":[59],"prices":[60],"profits":[62],"different":[64,93,97],"levels":[65],"rates.":[68],"illustrate":[70],"the":[71,74],"using":[73],"market":[75,88],"bottled":[77],"water.":[78],"Our":[79],"results":[80],"stress":[81],"that":[82],"even":[83],"relatively":[86],"simple":[87],"such":[89],"as":[90],"one,":[92],"brands":[94],"face":[95],"very":[96],"risks.":[100]},"counts_by_year":[{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}