Risk sharing and asset prices : evidence from a natural experiment
When countries liberalize their stock markets, firms that become eligible for foreign purchase ( investible), experience an average stock price revaluation of 15.1 %. Since the historical covariance of the average investible firm's stock return with the world market, liberalization reduces the systematic risk associated with holding investible securities. .Printed Journal
Ketersediaan
Call Number | Location | Available |
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| PSB lt.dasar - Pascasarjana | 1 |
Penerbit |
The American Finance Association.,
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Edisi |
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Subjek |
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ISBN/ISSN |
00221082 |
Klasifikasi |
- |
Deskripsi Fisik |
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Info Detail Spesifik |
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Other Version/Related |
Tidak tersedia versi lain |
Lampiran Berkas |
Tidak Ada Data
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