Exogenous

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Exogenous

Describes facts outside the control of the firm. Converse of endogenous.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Exogenous

1. Describing anything outside a company's control. For example, a company may fail because of a recession even if it does everything right. In this case, the recession is an exogenous factor.

2. See: Independent Variable.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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