Ben Abdallah, Nadia; Dabbou, Halim; Gallali, Mohamed Imen; … - In: Risks : open access journal 13 (2025) 6, pp. 1-19
This paper examines the extent of stock-returns' co-movements among firms in different countries and explores how various measures of closeness affect those co-movements by estimating a spatial autoregressive (SAR) convex combination model that merges four weight matrices-geographical distance,...