Domestic and Foreign Earnings, Stock Return Variability, and the Impact of Investor Sophistication
We examine the importance of foreign earnings relative to domestic earnings for a sample of U.S. multinationals using variance decomposition. Our methodology represents an alternative and complementary approach over the prior literature, which is based on traditional regressions and earnings respons...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2005
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/808 https://ink.library.smu.edu.sg/context/soa_research/article/1807/viewcontent/SSRN_id596641.pdf |
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| Institution: | Singapore Management University |
| Language: | English |