一、 报告题目

The Cross-predictability of Industry Returns in International Financial Markets

Abstract:This paper finds evidence of return predictability across intra-industry trading partners in international financial markets. Previous-month importer returns have predictive power on the contemporaneous returns of corresponding exporters at the country-industry level. Based on lagged importer returns, a value-weighted portfolio yields monthly abnormal returns of 0.539%. When comparing return predictability at both the intra-industry and inter-industry levels, we find that the predictability at the intra-industry level is much more important.

二、 报告人

王鑫，永利集团88304官网集团助理教授

三、 报告时间

9月17日14:00-15:00

四、 报告地点

腾讯会议ID：438 654 384