Phengpis, Chanwit; Swanson, Peggy E. - In: Journal of Business Finance & Accounting 36 (2009-09) 7-8, pp. 972-986
Previous researchers find that country iShares are directly and strongly exposed to US market risk in addition to home country market risk. This finding contradicts the fact that by design these iShares should behave as their underlying market indices behave. With monthly data and the...