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| Tekijä: | Lombard, T. Roulet, J. Solnik, J. |
| Otsikko: | Pricing of domestic versus multinational companies |
| Lehti: | Financial Analysts' Journal
1999 : MAR/APR, VOL. 55:2, p. 35-50 |
| Asiasana: | FINANCE COMPANIES HOME WORKING |
| Kieli: | eng |
| Tiivistelmä: | World financial markets are becoming integrated. Hence, global factors rather than domestic factors should dominate the pricing of stocks. All the empirical studies published until the mid-a990s, however, reported that stock prices respond primarily to domestic factors. In other words, the pricing of a company's stock is driven predominantly by the primary location of its stock listing rather than by the nature and geographical breakdown if its activities. |
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