Trending News: 11 Tasks You’ll Regret Trusting ChatGPT WithSpaun wins PGA Championship after final round of 67Merz vows to press ahead with reforms after historic German state election defeatA great new video game movieNvidia’s Jensen Huang rejects AI extinction warnings as “doomsday narratives”8 Autumn 2026 Trends That Are Already It-Girl ApprovedDune: Awakening’s Massive New Update Is Perfect For Parents Or Single-Player Fans, And It’s At Its Lowest Price, TooFirst Look: Inside Seattle Airport’s Upcoming 16,000-Square-Foot Chase Sapphire LoungeNew California law will penalize influencers who don’t disclose political adsNFL Week 2’s best arrivals, led by Baker Mayfield and Justin JeffersonRetiring Smithsonian head Lonnie Bunch on protecting historyJoby Aviation Completed A Fully Autonomous Flight From California To North CarolinaZach Cregger Says No Resident Evil Cregger Cut as Fans Hope for Trimmed JokesOne over, two wickets, no runs – Robinson starts with a bangHyatt goes glamping in New Mexico, an affordable Hilton in Deer Valley and other hotel newsZara Larsson Shines In Custom Boots At 2026 iHeartRadio Music FestivalPremier League Soccer: Stream Fulham vs. Man United Live From AnywhereExtended interview: Lonnie G. Bunch IIITrump now says he wants to form an ‘AI Force’Dynasty Warriors 3: Complete Edition Remastered Demo & Online Two-Player Post-Launch Update AnnouncedIND-WA vs AUS-WA 2026/27, INA-W vs AUA-W 1st unofficial ODI Match Report, September 20, 2026US Housing Costs Rise Further Out of Reach Ahead of MidtermsWeekend Box Office: ‘Resident Evil’ Launches Top of ChartsMuseTechCrunch Mobility: How do we know when an AV is safe enough?The London Court Hearing That Could End The Startup Trying To Revive The Airbus A380Alexa Chung’s Airport Outfit Is Made Up Of It Girl BasicsTrump says ‘Triumphal Arch’ will be used as a sniper and drone facility2026 MLB playoff picture: Standings, bracket, clinching scenarios, postseason projections“We’re trying to make it easier”: Valve confirm the Steam Frame is just the start of plans to get Steam games working on compatibility-challenged ARM PCsHow To Set Up Your Sonos Speakers Using The AppMacron and Carney to hold talks on strengthening Canada-France economic and defense tiesThe Best Way to Discard Frying Oil? Don’tTop credit cards to use for purchasing gift cardsHow to watch week 2 Browns at BucsNature: Utah’s Canyonlands National ParkA 27-year-old tech forum with over 100,000 Warcraft 3 modding threads is closing its doorsErdem Spring 2027 Ready-to-Wear Runway, Fashion Show & Collection ReviewThe hidden monopoly behind your TI graphing calculator6 days left to get ahead at DisruptYu Zidi, 13, wins record-breaking first major gold medal at Asian GamesScientists heard a knock at the door. It was a pelican in need of help.Hideo Kojima responds to accusations of Physint being over budget and late on deadline, says he still “loves Sony” despite collapse of publishing dealThese Small Changes Can Improve Your Home Surround Sound In A Big Way“Cashmere Bronde” Is the Richest-Looking Hair Color for FallCarney’s Glitzy Summit Lures International Investments to CanadaProjecting the College Football Playoff top 12 after Week 3This El Niño Has Reached ‘Super’ Status. Here’s What That MeansRetiring Smithsonian head Lonnie G. Bunch III: “You can run from history, but you can’t hide”Only 255 Were Built, But This Airbus Twinjet Rewrote The Rules Of Ocean CrossingsDisney Plus Just Proved You Won’t Be Able to Escape Ads On Any TierAI’s Wobbly House of Cards Puts Markets and US Economy at RiskHumans, not rogue AI, are still the biggest cybersecurity risk to energy systemsZimbabwe v Australia – third ODI scorecardWinamp Will Be Reborn In 2027 To Take On StreamingYuhan Wang Spring 2027 Ready-to-Wear Runway, Fashion Show & Collection Review3 notable business takes that flew under the radar this weekTrump says planned arch will be ‘military complex’ for drones, snipersPeople Can’t Stop Talking About Mario’s New Tiny PocketsZIM vs AUS 2026, ZIM vs AUS 3rd ODI Match Report, September 20, 2026Say Hello to RatHat, a New AI-Powered Malware Invading the Android EcosystemHow small businesses should be deploying AI, according to Codie SanchezA24’s reputation is on the line with the SCP Foundation movieSports betting apps prod and entice fans as gambling exacts a growing financial tollNFL DFS, Bills vs. Lions: Top daily Fantasy picks for Week 2 Sunday main slateHideo Kojima Exclusive Interview on PlayStation Ditching Physint and Moving to XboxEverything You Need to Know About Simone Rocha’s SS 27 Runway CollectionStatement by Prime Minister Carney on Yom KippurFederal Reserve rate hike reflects new world of sticky inflation and faster growthWhat ChatGPT Thinks It Knows About You Is Affecting Its Answers. Here’s How to Change ThatWhy The US Air Force Retired Its E-8 Joint STARS Fleet Without A Direct ReplacementHere’s What You Should Look For When Buying An Android Phone For Gaming‘This could be something more substantial’: Wall Street braces for more Fed rate hikes‘They didn’t want me, I didn’t want them:’ Florida’s Jon Sumrall says he had no interest in Auburn job after Gators’ win over TigersShe cheered a teen protest against ICE. Police charged her with a crime.Mailbox: Wordcrafting, Backtracking, One-Handed Titles – Nintendo Life LettersAll roads lead to cableDelta Honors "Ridiculously Low" $17.34 Upgrade To Delta One On 15-Hour Seoul FlightPaolo Carzana Spring 2027 Ready-to-Wear Runway, Fashion Show & Collection ReviewStock market shrugs off geopolitical risk as UBS says drawdowns are short-lived: Chart of the DayWorld Team Cup: Alfie Hewett and Gordon Reid win fifth title for Great BritainDon’t call it an SUV: The Ferrari Purosangue reviewNational Hurricane Center: Tropical Storm Fay forms in the northern AtlanticThe Sunday Papers | Rock Paper ShotgunRising gas prices frustrate voters. Trump says it’s an ‘inexpensive price to pay’ for the Iran warWhat You Need to Know About the Foreign-Made Router Ban in the USBrowns expected to evaluate QB situation ahead of Week 3An undercover Google analyst infiltrated a notorious supply-chain hacking gangThe One-and-Done Fall Staple Fashion People Are Already WearingBloc MPs to gather near Ottawa with U.S. tariffs, Quebec election in focusThe D.C. barber who considered his job a ‘vacation,’ and other lives we’ve lostTokyo Walled City looks set to fill the Deus Ex-shaped hole in my lifeStephen Fleming: England Test coach on Bazball, Ben Stokes, team discipline and moreThermacell LIV 2.0 Review: Taking My Yard BackFrom soggy fields to skyrocketing diesel, Prairie farmers face tough harvestFinnair’s Record-Breaking 24-Hour Direct Flights Launch In 1 Month: See Route NowWelcome to Dogs Anonymous, the Online Support Group for People With Difficult Dogs‘A River Runs Through It’ casts a new line — as an operaAsian Games (W) 2026, BAN-W vs IND-W 2nd Semi-Final Match Report, September 20, 2026The Last of Us director apologises for calling out Sony Santa Monica’s God of War Laufey after saying he was “not excited”
Sun. Sep 20th, 2026

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Trending News: 11 Tasks You’ll Regret Trusting ChatGPT WithSpaun wins PGA Championship after final round of 67Merz vows to press ahead with reforms after historic German state election defeatA great new video game movieNvidia’s Jensen Huang rejects AI extinction warnings as “doomsday narratives”8 Autumn 2026 Trends That Are Already It-Girl ApprovedDune: Awakening’s Massive New Update Is Perfect For Parents Or Single-Player Fans, And It’s At Its Lowest Price, TooFirst Look: Inside Seattle Airport’s Upcoming 16,000-Square-Foot Chase Sapphire LoungeNew California law will penalize influencers who don’t disclose political adsNFL Week 2’s best arrivals, led by Baker Mayfield and Justin JeffersonRetiring Smithsonian head Lonnie Bunch on protecting historyJoby Aviation Completed A Fully Autonomous Flight From California To North CarolinaZach Cregger Says No Resident Evil Cregger Cut as Fans Hope for Trimmed JokesOne over, two wickets, no runs – Robinson starts with a bangHyatt goes glamping in New Mexico, an affordable Hilton in Deer Valley and other hotel newsZara Larsson Shines In Custom Boots At 2026 iHeartRadio Music FestivalPremier League Soccer: Stream Fulham vs. Man United Live From AnywhereExtended interview: Lonnie G. Bunch IIITrump now says he wants to form an ‘AI Force’Dynasty Warriors 3: Complete Edition Remastered Demo & Online Two-Player Post-Launch Update AnnouncedIND-WA vs AUS-WA 2026/27, INA-W vs AUA-W 1st unofficial ODI Match Report, September 20, 2026US Housing Costs Rise Further Out of Reach Ahead of MidtermsWeekend Box Office: ‘Resident Evil’ Launches Top of ChartsMuseTechCrunch Mobility: How do we know when an AV is safe enough?The London Court Hearing That Could End The Startup Trying To Revive The Airbus A380Alexa Chung’s Airport Outfit Is Made Up Of It Girl BasicsTrump says ‘Triumphal Arch’ will be used as a sniper and drone facility2026 MLB playoff picture: Standings, bracket, clinching scenarios, postseason projections“We’re trying to make it easier”: Valve confirm the Steam Frame is just the start of plans to get Steam games working on compatibility-challenged ARM PCsHow To Set Up Your Sonos Speakers Using The AppMacron and Carney to hold talks on strengthening Canada-France economic and defense tiesThe Best Way to Discard Frying Oil? Don’tTop credit cards to use for purchasing gift cardsHow to watch week 2 Browns at BucsNature: Utah’s Canyonlands National ParkA 27-year-old tech forum with over 100,000 Warcraft 3 modding threads is closing its doorsErdem Spring 2027 Ready-to-Wear Runway, Fashion Show & Collection ReviewThe hidden monopoly behind your TI graphing calculator6 days left to get ahead at DisruptYu Zidi, 13, wins record-breaking first major gold medal at Asian GamesScientists heard a knock at the door. It was a pelican in need of help.Hideo Kojima responds to accusations of Physint being over budget and late on deadline, says he still “loves Sony” despite collapse of publishing dealThese Small Changes Can Improve Your Home Surround Sound In A Big Way“Cashmere Bronde” Is the Richest-Looking Hair Color for FallCarney’s Glitzy Summit Lures International Investments to CanadaProjecting the College Football Playoff top 12 after Week 3This El Niño Has Reached ‘Super’ Status. Here’s What That MeansRetiring Smithsonian head Lonnie G. Bunch III: “You can run from history, but you can’t hide”Only 255 Were Built, But This Airbus Twinjet Rewrote The Rules Of Ocean CrossingsDisney Plus Just Proved You Won’t Be Able to Escape Ads On Any TierAI’s Wobbly House of Cards Puts Markets and US Economy at RiskHumans, not rogue AI, are still the biggest cybersecurity risk to energy systemsZimbabwe v Australia – third ODI scorecardWinamp Will Be Reborn In 2027 To Take On StreamingYuhan Wang Spring 2027 Ready-to-Wear Runway, Fashion Show & Collection Review3 notable business takes that flew under the radar this weekTrump says planned arch will be ‘military complex’ for drones, snipersPeople Can’t Stop Talking About Mario’s New Tiny PocketsZIM vs AUS 2026, ZIM vs AUS 3rd ODI Match Report, September 20, 2026Say Hello to RatHat, a New AI-Powered Malware Invading the Android EcosystemHow small businesses should be deploying AI, according to Codie SanchezA24’s reputation is on the line with the SCP Foundation movieSports betting apps prod and entice fans as gambling exacts a growing financial tollNFL DFS, Bills vs. Lions: Top daily Fantasy picks for Week 2 Sunday main slateHideo Kojima Exclusive Interview on PlayStation Ditching Physint and Moving to XboxEverything You Need to Know About Simone Rocha’s SS 27 Runway CollectionStatement by Prime Minister Carney on Yom KippurFederal Reserve rate hike reflects new world of sticky inflation and faster growthWhat ChatGPT Thinks It Knows About You Is Affecting Its Answers. Here’s How to Change ThatWhy The US Air Force Retired Its E-8 Joint STARS Fleet Without A Direct ReplacementHere’s What You Should Look For When Buying An Android Phone For Gaming‘This could be something more substantial’: Wall Street braces for more Fed rate hikes‘They didn’t want me, I didn’t want them:’ Florida’s Jon Sumrall says he had no interest in Auburn job after Gators’ win over TigersShe cheered a teen protest against ICE. Police charged her with a crime.Mailbox: Wordcrafting, Backtracking, One-Handed Titles – Nintendo Life LettersAll roads lead to cableDelta Honors "Ridiculously Low" $17.34 Upgrade To Delta One On 15-Hour Seoul FlightPaolo Carzana Spring 2027 Ready-to-Wear Runway, Fashion Show & Collection ReviewStock market shrugs off geopolitical risk as UBS says drawdowns are short-lived: Chart of the DayWorld Team Cup: Alfie Hewett and Gordon Reid win fifth title for Great BritainDon’t call it an SUV: The Ferrari Purosangue reviewNational Hurricane Center: Tropical Storm Fay forms in the northern AtlanticThe Sunday Papers | Rock Paper ShotgunRising gas prices frustrate voters. Trump says it’s an ‘inexpensive price to pay’ for the Iran warWhat You Need to Know About the Foreign-Made Router Ban in the USBrowns expected to evaluate QB situation ahead of Week 3An undercover Google analyst infiltrated a notorious supply-chain hacking gangThe One-and-Done Fall Staple Fashion People Are Already WearingBloc MPs to gather near Ottawa with U.S. tariffs, Quebec election in focusThe D.C. barber who considered his job a ‘vacation,’ and other lives we’ve lostTokyo Walled City looks set to fill the Deus Ex-shaped hole in my lifeStephen Fleming: England Test coach on Bazball, Ben Stokes, team discipline and moreThermacell LIV 2.0 Review: Taking My Yard BackFrom soggy fields to skyrocketing diesel, Prairie farmers face tough harvestFinnair’s Record-Breaking 24-Hour Direct Flights Launch In 1 Month: See Route NowWelcome to Dogs Anonymous, the Online Support Group for People With Difficult Dogs‘A River Runs Through It’ casts a new line — as an operaAsian Games (W) 2026, BAN-W vs IND-W 2nd Semi-Final Match Report, September 20, 2026The Last of Us director apologises for calling out Sony Santa Monica’s God of War Laufey after saying he was “not excited”
Sun. Sep 20th, 2026

The origins of the multinational premium: Managerial talent, firm risk, and corporate taxation



Multinational firms tend to earn higher stock returns than purely domestic firms, raising questions about what drives their differential exposure to aggregate risk. This column presents evidence that firms run by CEOs with multinational expertise are more likely to expand abroad, and domestic firms that will go on to become multinationals carry higher risk premia before they even expand. The authors explain these patterns through a model that predicts that managerial ability amplifies the risk premia of domestic firms (through the option value of becoming multinational) while dampening the risk premia of multinationals (through operating leverage), and discuss the implications for tax policy.



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