State-Level Business Cycles and Local Return Predictability

203 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Media Makes Momentum (2014, methodology): “We thereby follow the dictionary approach developed in Loughran and McDonald (2011) which evaluates the qualitative content of an article based on the fraction of negative words. The approach accounts for the finance jargon and is therefore particularly useful for our purposes (see also e.g. Garcia ”
Urban Vibrancy and Corporate Growth (2015, unknown): “…firms, which then allows other firms in the area to invest, this would qualify as a spillover. of firms in the same city tend to move together, and Korniotis and Kumar (2011) find that statewide economic factors (e.g., unemployment) forecast returns for stocks headquartered in those states…”