Risk Sharing and Asset Prices: Evidence From a Natural Experiment
收藏NBER2002-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w8988
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资源简介：
When countries liberalize their stock markets, firms that become eligible for purchase by foreigners (investible), experience an average stock price revaluation of 10.4 percent. Since the covariance of the median investible firm's stock return with the local market is 30 times larger than its
提供机构：
美国国家经济研究局
创建时间：
2002-06-01
