Eckel, Stefanie Martina; Löffler, Gunter; Maurer, Alina; … - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2008
Recent studies suggest that the correlation of stock returnsincreases with decreasing geographical distance. However, there is some debateon the appropriate methodology for measuring the effects of distanceon correlation. We modify a regression approach suggested in the literatureand complement...