Li, Donghui; Liao, Li; Luo, Yuanhang; Zhang, Xueyong - In: Pacific-Basin Finance Journal 30 (2014) C, pp. 158-172
This paper investigates the link between firm headquarters location and its stock return co-movements in a full sample of Chinese listed firms from 1999 to 2007. The empirical results show a significant stock return co-movement pattern for firms located in the same province. And both firm-level...