The US Equity Valuation Premium, Globalization, and Climate Change Risks
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In the 2000s, US firms have higher valuations than comparable non-US firms listed only outside the US but not non-US firms cross-listed in the US. Though one would expect this US valuation premium to fall over time because of globalization, it widens for firms in developed markets by 36% and falls
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美国国家经济研究局创建时间：
2020-04-01
