Geographic dispersion and stock returns
WebThe study finds that being geographically dispersed or concentrated in a small area does not lead to a significant difference in the initial returns of restaurant IPOs. Yet the analysis shows that restaurant firms with geographically dispersed operations have significantly higher long-run returns in the post-IPO period compared with their local ... Web"Geographic dispersion and stock returns," Journal of Financial Economics, Elsevier, vol. 106(3), pages 547-565. Jonathan A. Parker & Christian Julliard, 2005. "Consumption Risk and the Cross Section of Expected Returns," Journal of Political Economy, University of Chicago Press, vol. 113(1), pages 185-222, February.
Geographic dispersion and stock returns
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WebThe dispersion of news tone is countercyclical and strongly forecasts aggregate stock returns and realized variance, controlling for a range of hard-information variables. WebSep 19, 2024 · This paper studies the diffusion of regional macroeconomic information into stock prices. I identify all U.S. states that are economically relevant for a company …
Webof individual stock returns. This predictability is explained neither by standard cross-sectional effects, nor by closely related alternative explanations, including industry and geographic momentum, geographic dispersion, and the economic conditions of the headquarter state. I also conduct quintile portfolio sorts and The analysis presented in the previous section shows that geographic … 1. Introduction. The high volume return premium, that is, the excess market … In summary, regardless of whether geographic proximity is associated with … Our paper examines the impact of geographic location on liquidity for U.S. … Table 1 displays the distribution of geographic dispersion and industrial and … To see this point explicitly, consider the following regression. We run firm stock … Table 1 reports summary statistics for our urban and rural/small city sample for the …
WebAbstract. This paper shows that stocks of truly local firms have returns that exceed the return on stocks of geographically dispersed firms by 70 basis points per month. By … WebGeographic Dispersion and Stock Returns @article{Garca2012GeographicDA, title={Geographic Dispersion and Stock Returns}, author={Diego Garc{\'i}a and Oyvind Norli}, journal={Capital Markets: Market Efficiency eJournal}, year={2012} } Diego García, Oyvind Norli; Published 17 January 2012; Business; Capital Markets: Market Efficiency …
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WebMar 22, 2010 · This paper shows that stocks of truly local firms have returns that exceed the return on stocks of geographically dispersed firms by 70 basis points per month. By … divinity original sin 2 knockdown arrowheadWebof individual stock returns. This predictability is explained neither by standard cross-sectional effects, nor by closely related alternative explanations, including industry and … divinity original sin 2 last forest tigerWebDownloadable (with restrictions)! I examine the effects of geographic distribution of firms on the expected stock returns. Information spillovers and coordinated actions by interacting managers increase the cyclicality of wages in agglomerated industries compared to dispersed industries. Consequently, geographic agglomeration provides firms a “natural … divinity: original sin 2 komplettlösungWebJan 30, 2014 · Oyvind Norli and I have been sharing the data from our paper Geographic dispersion and stock returns (Journal of Financial Economics, 2012, 106(3), 547-565) with different authors.Below are the two relevant files: a gzipped csv file (state_count.csv.gz), and a file (README_geography_data) that documents the relevant … divinity original sin 2 late game armorWebThe regression model is - "Geographic Dispersion and Stock Returns" Table 9 Jensen’s alpha for portfolios long in local firms and short in geographically dispersed firms by … divinity original sin 2 komplettlösungWebDownloadable (with restrictions)! I examine the effects of geographic distribution of firms on the expected stock returns. Information spillovers and coordinated actions by … divinity original sin 2 laslorWebApr 13, 2024 · Company stock. Employees receive equity in the company that sponsors the defined contribution plan. Common stock fund. This is a professionally managed fund invested in the common stock of a variety of companies. Fixed-interest securities. These securities include bonds and other nonfederal instruments that pay a fixed interest rate … crafts for christmas 2022 detling