WebAbstract. Using a simple proxy for a firm’s regional dispersion of operations, the authors find that stocks of local companies outperform those of geographically dispersed … Webof individual stock returns. This predictability is explained neither by standard cross-sectional effects, nor by closely related alternative explanations, including industry and …
The Dispersion of Stock Returns - MSCI
WebThe second stream of literature is related to the geographic dispersion of firms and its impact on firm performance. Using state name counts from the 10-K filings as a proxy for geographic dispersion, Garcia and Norli (2012) document stock outperformance of locally focused (concentrated) firms over geographic dispersed firms by 8.4% annually. WebDownloadable (with restrictions)! I examine the effects of geographic distribution of firms on the expected stock returns. Information spillovers and coordinated actions by interacting managers increase the cyclicality of wages in agglomerated industries compared to dispersed industries. Consequently, geographic agglomeration provides firms a “natural … bridgecrest chat online
Does a firm’s geographic feature matter for stock returns?
Web6 hours ago · Western Asset Global High Income Fund ( NYSE: EHI) is a fixed income closed end fund. As per its literature, the fund: Provides a global, leveraged portfolio of investment grade, below investment ... WebDec 4, 2024 · “ Geographic Dispersion and Stock Returns.” Journal of Financial Economics, 106 (2012), 547 ... “ Political Geography and Stock Returns: The Value and Risk Implications of Proximity to Political Power.” Journal … WebJun 27, 2015 · Geographic distance of entities has been shown to be associated with corporate responsibility scores (Shia et al., 2024), stock returns (Garcia and Norli, 2012), firm value (Gao et al., 2008) and ... bridgecrest cfo