Yuan, Chun; Geng, Chunxiao; Li, Zhe; Sheng, Yu; Lv, Jie - In: China journal of accounting research : CJAR 15 (2022) 2, pp. 1-25
promote regional economic integration is a practical issue. Taking interregional firms’ stock price comovement as a micro … adjustments, i.e., city-county mergers. We find that stock price comovement between county-level and municipal district … stock price comovement caused by city-county mergers emerges from the increase in comovement of real activities between …