This paper proposes a new approach to evaluate contagion in financial markets. Our measure of contagion captures the co-incidence of extreme return shocks across countries within a region and across regions that cannot be explained by linear propagation models of shocks. We characterize the...

This paper proposes a new approach to evaluate contagion in financial markets. Our measure of contagion captures the co-incidence of extreme return shocks across countries within a region and across regions that cannot be explained by linear propagation models of shocks. We characterize the...

We study whether firm name affects investor attention and thereby firm valuation. Some Chinese firms listed on U.S. stock exchanges have the word “China” or “Chinese” included in their company names (“China-name stocks”), whereas others do not (“non-China-name stocks”). During...