Todea, A. (2022) Finance Research Letters [Core Economics, Q2]

Publicat: 28 Septembrie 2022

Todea, A. (2022) Ancestry barriers to the cross-border diffusion of global market information. Finance Research Letters, 49, 103151.

DOI: https://doi.org/10.1016/j.frl.2022.103151

✓ Publisher: Elsevier
✓ Categories: Business, Finance
✓ Article Influence Score (AIS): 1.320 (2022) / Q2

Abstract: Building ‘genetic distance from wealth’ we show that cross-border diffusion of global market information is strongly associated with ancestry barriers. The study was conducted on an unbalanced panel of 1768 stocks, from 43 countries, for the period 2004–2018. The results show that the stocks listed on stock markets whose populations are genetically far from ‘wealth’ incorporate with delay the global information. The portfolio foreign investments can mitigate this relationship only if they come from more financially educated investors than domestic ones.

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