Do agglomeration economies affect the local comovement of stock returns? Evidence from China
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DOI: 10.1177/0042098016633101
Abstract: Prior studies in finance have examined the comovement of stock returns of firms headquartered in the same location. One interpretation of the results is that local investors have a ‘local bias’ due to an information… read more here.
Keywords: comovement stock; agglomeration economies; stock returns;