Abstract
This study investigates whether the quantitative disclosures about notional amount and fair value of foreign exchange (FX) derivatives, required by Statement of Financial Accounting Standards (SEAS) No. 119 (FASB [1994]) and its predecessors SFAS No. 105 (FASB [1990]) and SFAS No. 107 (FASB [1991]), are associated with the information used by investors to assess the sensitivity of equity returns to currency fluctuations (currency exposure).' Since derivatives are used to alter risk profiles, I choose risk
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