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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 |
|---|---|---|
| PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | : The American Finance Association |
|---|---|
| Edisi | - |
| Subjek | - |
| ISBN/ISSN | 00221082 |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |