Far away from home: Investors' underreaction to geographically dispersed information

Using a novel data set to identify geographic peer firms based on the locations of both firms' headquarters and material subsidiaries, we show that returns on geographical peers have strong predictive power for focal firm returns. A value-weighted long-short strategy that buys stocks with the h...

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Bibliographic Details
Main Authors: CHEN, Zilin, CHU, Liya, LIANG, Dawei, Jun TU
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2022
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Online Access:https://ink.library.smu.edu.sg/lkcsb_research/7200
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Institution: Singapore Management University
Language: English