Examines differences and determinants of errors in economic forecasting for foreign companies. Magnitude of forecast errors across 15 countries; Comparison of errors cross-sectionally and across time; Influence of firm size, forecast dispersion, industry and time period; Implications to financial...

This paper examines the impact of globalization on the cost of equity capital. We argue that the cost of equity capital decreases because of globalization for two important reasons. First, the expected return that investors require to invest in equity to compensate them for the risk they bear...

Despite the dramatic reduction in explicit barriers to international investment activity over the last 60 years, the impact of financial globalization has been remarkably limited. I argue that country attributes are still critical to financial decision-making because of what I call the twin...