| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28185 |
| 来源ID | Working Paper 28185 |
| Firms' Exposures to Geographic Risks | |
| Bernard Dumas; Tymur Gabuniya; Richard C. Marston | |
| 发表日期 | 2020-12-14 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | The distinction between domicile and place of business is becoming more and more relevant as a growing number of firms have activities abroad. In most statistical studies of international stock returns, a firm is included in a country’s index if its headquarters are located in that country. This classification scheme ignores the operations of the firm. We propose, instead, to measure the firms’ exposures to “geographic zones” according to the place where they conduct business. As a representation of “geographic risks”, we synthesize zone factors from all firms in the dataset, be they domestic firms or multinationals. And we show the properties of the exposures to the zone factors. |
| 主题 | Financial Economics ; Corporate Finance |
| URL | https://www.nber.org/papers/w28185 |
| 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/585859 |
| 推荐引用方式 GB/T 7714 | Bernard Dumas,Tymur Gabuniya,Richard C. Marston. Firms' Exposures to Geographic Risks. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28185.pdf（376KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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