Geographic spillover of dominant firms’ shocks
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DOI: 10.1016/j.jbankfin.2020.105844
Abstract: Abstract This paper shows that productivity shocks to the 100 largest U.S. firms (by revenue) contain systematic information. Specifically, shocks to the top-100 firms predict future shocks to geographically close firms. Intra-sector trade links are… read more here.
Keywords: geographic spillover; firms shocks; spillover dominant; top 100 ... See more keywords