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The cross-border movement of capital has suffered due to the COVID-19 pandemic since December 2019. Nevertheless, it is unrealistic for multinational companies to withdraw giant global value chains (GVCs) overnight because of the pandemic. Instead, active discussions and achievements of deals in...
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We exploit the merger between BlackRock and Barclays Global Investors to study how changes in expected ownership …-end structures and a large exposure to commonly-held stocks begin avoiding these stocks following the merger announcement. This leads …
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