美国企业与其中国“供应商”企业的相互关系及其股票收益的共同运动

Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021) Pub Date : 1900-01-01 DOI:10.2991/aebmr.k.210917.080

Hui Xiao

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引用次数: 0

摘要

本文调查了美国“客户”公司与其中国“供应商”公司之间是否会出现股票回报的同步变动。利用2000 - 2019年中美两国相关公司的股票收益数据，通过OLS回归和Fama-MacBeth回归，我发现共同运动的存在得到了证明。本文还发现，在2000 - 2009年这20年的早期，协同运动比后期更强

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Co-relations Between US Firms with Their Chinese “Supplier” Firms and the Co-movement of Their Stock Returns

The paper investigated whether synchronised movements of stock returns happen between US “customer” firms with their Chinese “supplier” firms. Using stock return data of related US and Chinese firms between 2000 to 2019, through OLS regression and Fama-MacBeth regression, I found that there is a prove of the existence of co-movements. The paper also found that during early period of that 20 years (2000 – 2009), the co-movements are stronger than later period

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Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021)

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