G
George Andrew Karolyi
Researcher at Cornell University
Publications - 81
Citations - 7410
George Andrew Karolyi is an academic researcher from Cornell University. The author has contributed to research in topics: Stock exchange & Capital market. The author has an hindex of 40, co-authored 81 publications receiving 7037 citations. Previous affiliations of George Andrew Karolyi include Ohio State University & Max M. Fisher College of Business.
Papers
More filters
Journal ArticleDOI
A New Approach to Measuring Financial Contagion
TL;DR: In this article, the co-incidence of extreme return shocks across countries within a region and across regions that cannot be explained by linear propagation models of shocks is measured using a multinomial logistic regression model.
Journal ArticleDOI
The World of Cross-Listings and Cross-Listings of the World: Challenging Conventional Wisdom
TL;DR: In this paper, the authors present a survey, synthesize and critically review the most recent literature on international cross-listings and propose a number of new research initiatives to understand better the motivation for overseas listings.
Posted Content
Understanding Commonality in Liquidity Around the World
TL;DR: This article examined how commonality in liquidity varies across countries and over time in ways related to supply determinants (funding liquidity of financial intermediaries) and demand determinants(correlated trading behavior of international and institutional investors, incentives to trade individual securities, and investor sentiment) of liquidity.
Journal ArticleDOI
What Factors Drive Global Stock Returns
TL;DR: In this article, the authors show that a multifactor model that includes factor-mimicking portfolios based on momentum and cash flow to price captures significant time series variation in global stock returns, and has lower pricing errors and fewer model rejections than the global CAPM or a popular model that uses size and book-to-market factors.
Journal ArticleDOI
Why are Foreign Firms Listed in the U.S. Worth More
TL;DR: In this paper, the authors propose a theory that explains the valuation difference between cross-listed and non-listed firms in the U.S. They find that expected sales growth is valued more highly for firms listed in the US and that this effect is greater for firms from countries with poorer investor rights.