Business Groups and the Incorporation of Firm-specific Shocks into Stock Prices
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下载链接：
https://www.nber.org/papers/w25908
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资源简介：
In lower-income economies, stocks exhibit less idiosyncratic volatility and business groups are more prevalent. This study connects these two findings by showing that business group affiliated firms stock returns exhibit less idiosyncratic volatility than do the returns of otherwise similar
提供机构：
美国国家经济研究局
创建时间：
2019-06-01
