Large Firms and International Business Cycle Comovement
研究了法国前100大企业在国际经济周期联动中的作用，发现这些企业不仅在经济中占比大，而且国际联系更强，对整体经济联动贡献显著。
This paper investigates the role of the top 100 firms in France in aggregate business cycle comovement. We establish that the top 100 firms (i) are important in aggregate; (ii) exhibit stronger international linkages than the rest of the economy; and (iii) contribute substantially to aggregate comovement.