It takes the average reader and 32 minutes to read Firm-Level Evidenceon International Stock Market Comovement by Mr.Marco Del Negro
Assuming a reading speed of 250 words per minute. Learn more
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 country-specific shocks by 1.5 percent. This link has grown stronger since the...
Firm-Level Evidenceon International Stock Market Comovement by Mr.Marco Del Negro is 32 pages long, and a total of 8,064 words.
This makes it 11% the length of the average book. It also has 10% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 44 minutes to read Firm-Level Evidenceon International Stock Market Comovement aloud.
Firm-Level Evidenceon International Stock Market Comovement is suitable for students ages 8 and up.
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