Global engagement and returns volatility
(2016)
Journal Article
Girma, S., Lancheros, S., & Riaño, A. (in press). Global engagement and returns volatility. Oxford Bulletin of Economics and Statistics, 78(6), https://doi.org/10.1111/obes.12150
This paper finds that a greater reliance on foreign market sales increases the volatility of firms’ stock returns using high-frequency data for publicly-listed Japanese manufacturing firms over the period 2000 to 2010. The two margins of global engag... Read More about Global engagement and returns volatility.