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- W2039684546 abstract "Abstract This study documents an overall positive impact of NAFTA on U.S. equity prices. Further, this study documents that NAFTA has a differential impact on equity prices depending on the industry of the firm. The impact of NAFTA is significantly negative for firms in the petroleum products, auto products, and telecommunications industries, and is significantly positive for firms in the food products, textiles, chemicals, and machinery industries. These findings regarding NAFTA's impact on equity prices in various industries appear to be somewhat different from what was forecasted by previous economic studies. The study's results should interest academics, investors, managers, and policy makers concerned with regional trade pacts like NAFTA." @default.
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- W2039684546 date "1998-01-01" @default.
- W2039684546 modified "2023-09-27" @default.
- W2039684546 title "Industry differences in NAFTA's impact on the valuation of U.S. companies" @default.
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- W2039684546 doi "https://doi.org/10.1016/s1057-5219(99)80031-3" @default.
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