Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19519Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Brooks, Robin | - |
| dc.creator | Del Negro, Marco | - |
| dc.date | 2005 | - |
| dc.date.accessioned | 2013-10-16T07:05:25Z | - |
| dc.date.available | 2013-10-16T07:05:25Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/19519 | - |
| dc.identifier | ppn:487739485 | - |
| dc.identifier | RePEc:zbw:bubdp1:3370 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19519 | - |
| dc.description | We explore the link between international stock market comovement and the degree to which firms operate globally. Using stock returns and balance sheet data for companies in 20 countries, we estimate a factor model that decomposes stock returns into global, country-specific and industry-specific shocks. We find a large and highly significant link : on average, a firm raising its international sales by 10 percent raises the exposure of its stock return to global shocks by 2 percent and reduces its exposure to countryspecific shocks by 1.5 percent. This link has grown stronger since the mid-1980s. | - |
| dc.language | eng | - |
| dc.relation | Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2005,11 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | G11 | - |
| dc.subject | G15 | - |
| dc.subject | ddc:330 | - |
| dc.subject | Diversification | - |
| dc.subject | risk | - |
| dc.subject | international financial markets | - |
| dc.subject | industrial structure | - |
| dc.subject | Internationaler Finanzmarkt | - |
| dc.subject | Kapitalertrag | - |
| dc.subject | Portfolio-Management | - |
| dc.subject | Portfolio-Investition | - |
| dc.subject | Internationaler Preiszusammenhang | - |
| dc.subject | Globalisierung | - |
| dc.subject | Welt | - |
| dc.title | Firm-level evidence on international stock market comovement | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.