全球智库信息集成服务系统(G2TT): Nationalism and Economic Exchange: Evidence from Shocks to Sino-Japanese Relations

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w20089
来源ID	Working Paper 20089
	Nationalism and Economic Exchange: Evidence from Shocks to Sino-Japanese Relations
	Raymond Fisman; Yasushi Hamao; Yongxiang Wang
发表日期	2014-05-01
出版年	2014
语种	英语
摘要	We study the impact of nationalism and interstate frictions on international economic relations by analyzing market reaction to adverse shocks to Sino-Japanese relations in 2005 and 2010. Japanese companies with high China exposure suffer relative declines during each event window; a symmetric effect is observed for Chinese companies with high Japanese exposure. The effect on Japanese companies is more pronounced for those operating in industries dominated by Chinese state-owned enterprises, while firms with high Chinese employment experience lower declines. These results emphasize the role of countries' economic and political institutions in mediating the impact of interstate frictions on firm-level outcomes.
主题	International Economics ; Trade ; Globalization and International Relations ; Financial Economics ; Financial Markets
URL	https://www.nber.org/papers/w20089
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/577762
推荐引用方式 GB/T 7714	Raymond Fisman,Yasushi Hamao,Yongxiang Wang. Nationalism and Economic Exchange: Evidence from Shocks to Sino-Japanese Relations. 2014.