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

DOI

10.2991/aebmr.k.210917.080How to use a DOI?

Keywords

customer firm, supplier firm, US and Chinese stock market relations, co-movements of stock returns

Abstract

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 (2010 – 2019).

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Huiyan Xiao
PY  - 2021
DA  - 2021/09/18
TI  - Co-relations Between US Firms with Their Chinese “Supplier” Firms and the Co-movement of Their Stock Returns
BT  - Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021)
PB  - Atlantis Press
SP  - 531
EP  - 536
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210917.080
DO  - 10.2991/aebmr.k.210917.080
ID  - Xiao2021
ER  -