Geographic links and predictable returns
Using establishment-level data of U.S. public firms, we construct a novel measure of geographic linkage between firms. We show that the returns of geography-linked firms have strong predictive power for focal firm returns and fundamentals. This effect is distinct from other cross-firm return predict...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2024
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/6593 https://ink.library.smu.edu.sg/context/lkcsb_research/article/7592/viewcontent/GeographicLinks_PredictableReturns_av.pdf |
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| Institution: | Singapore Management University |
| Language: | English |