Sun, Qian; Tong, Wilson H.S. - In: Journal of Financial Research 23 (2000) 1, pp. 15-43
The existing literature on the trade news effect on asset prices generally looks at exchange rates and stock market indexes. We focus on individual stocks: the U.S. and Japanese “Big Three” automobile stocks. We examine Japanese automobile American Depositary Receipts (ADRs), not the stocks...