How Long to Read Country and Industry Dynamics in Stock Returns

How Long Does it Take to Read Country and Industry Dynamics in Stock Returns?

It takes the average reader and 52 minutes to read Country and Industry Dynamics in Stock Returns by Mr. Luis Catão

Assuming a reading speed of 250 words per minute. Learn more

Description

A perennial question in international finance is to what extent stock returns are influenced by country-location, as opposed to industry-affiliation, factors. This paper develops a novel methodology to measure these effects, in which portfolios mimicking "pure" country and industry factors are first constructed and their joint dynamics then modeled as regime-switching processes. Estimation using global firm-level data allows us to identify well-defined volatility states over the past thirty years and shows that the contribution of the industry factor becomes systematically more prominent during high global volatility states, while the country factor contribution declines. Using the model''s estimates, we find that portfolio diversification possibilities vary considerably across economic states.

How long is Country and Industry Dynamics in Stock Returns?

Country and Industry Dynamics in Stock Returns by Mr. Luis Catão is 52 pages long, and a total of 13,104 words.

This makes it 18% the length of the average book. It also has 16% more words than the average book.

How Long Does it Take to Read Country and Industry Dynamics in Stock Returns Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 11 minutes to read Country and Industry Dynamics in Stock Returns aloud.

What Reading Level is Country and Industry Dynamics in Stock Returns?

Country and Industry Dynamics in Stock Returns is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Country and Industry Dynamics in Stock Returns?

Country and Industry Dynamics in Stock Returns by Mr. Luis Catão is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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