Business Groups | Morteza Aghajanzadeh | Finance PhD Candidate | Stockholm School of Economicshttps://mortezaaghajanzadeh.com/tag/business-groups/Business GroupsHugo Blox Builder (https://hugoblox.com)en-usSat, 01 Jun 2024 00:00:00 +0000https://mortezaaghajanzadeh.com/media/icon_hu0e3ac7a69f2db052c66e7f6be7e59745_166322_512x512_fill_lanczos_center_3.pngBusiness Groupshttps://mortezaaghajanzadeh.com/tag/business-groups/Connected Stocks via Business Groupshttps://mortezaaghajanzadeh.com/project/connected-stocks/Sat, 01 Jun 2024 00:00:00 +0000https://mortezaaghajanzadeh.com/project/connected-stocks/<h2 id="abstract">Abstract</h2> <p>Using daily ownership data from Iran, we show that both direct and indirect common ownership increase stock-return comovement, with business-group affiliation playing the dominant role. The results highlight coordinated trading patterns within groups as a key mechanism linking ownership structure to asset prices.</p> <p><strong>Co-authors:</strong> Mahdi Heidari and Mahdi Mohseni.</p>