DeLisle, Jared; Wang, Mengying; Yuksel, H. Zafer; … - 2021
of the globalization premium documented by Barrot et al. (2019). We document that the globalization premium is positively … limits to arbitrage exhibit a joint effect on the globalization premium. Interestingly, displacement risk plays an … explanatory role only in the presence of limits to arbitrage. Furthermore, when globalization is measured at the firm level …