Journal of Jianghan University(Natural Science Edition) ›› 2014, Vol. 42 ›› Issue (3): 31-36.

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Estimation of Foreign Exchange Risk on Listed Companies of Chinese Furniture Manufacturing: Based on GARCH Model and VaR Method

WANG Tianlun   

  1. School of Economics and Management，Wuhan University，Wuhan 430072，Hubei，China
  • Online:2014-06-25 Published:2014-07-03

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Abstract: To know the potential foreign exchange risk of furniture manufacturing in China，chooses seven representative listed companies and analyses the data of them from 2012 to 2013 with GARCH model and VaR method. Results show that three of them have low risk window，however the other four companies have experienced obvious risk，and they are strongly recommended to use proper management tools for risk control.

Key words: furniture manufacturing, foreign exchange risk, GARCH model, VaR method

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