Abstract Research Question/Issue Over the last decades, research on the relationship
between national institutions, governance mechanisms, and firm outcomes has been …

Rapidly growing numbers of empirical papers assessing the financial effects of COVID-19
pandemic triggered an urgent need for a study summarising the existing knowledge of …

We provide a comprehensive analysis of the impact of economic and financial globalization
on asset return comovements over the past 35 years. Our globalization indicators draw a …

International equity markets are characterized by nonlinear dependence and asymmetries.
We propose a new dynamic asymmetric copula model to capture long-run and short-run …

We propose a new, valuation-based measure of world equity market segmentation. While
we observe decreased levels of segmentation in many countries, the level of segmentation …

This paper investigates how a foreign firm's decision to cross‐list on a US stock exchange is
related to the consumption of private benefits of control by its controlling shareholders …

We study how investor sentiment affects stock prices around the world. Relying on
households' Google search behavior, we construct a weekly measure of sentiment for 38 …

This paper examines the effect of political uncertainty on stock returns, exploiting an
exogenous shock to political stability in Brazil. In May 2017, a conversation between Brazil's …

Given the dramatic globalization over the past twenty years, does it make sense to
segregate global equities into “developed” and “emerging” market buckets? We argue that …

Home bias–the empirical phenomenon that investors assign anomalously high weights to
their own domestic assets–has puzzled academics for decades: financial theory predicts that …