Does financial development volatility affect industrial growth volatility?

淡江大學機構典藏 > 商管學院 > 財務金融學系暨研究所 > 期刊論文 > Item 987654321/96220

jsp.display-item.identifier=請使用永久網址來引用或連結此文件: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/96220

题名:	Does financial development volatility affect industrial growth volatility?
作者:	Huang, Ho-Chuan (River);Fang, WenShwo;Miller, Stephen M.
贡献者:	淡江大學財務金融學系
关键词:	Financial development;Financial volatility;Industrial growth volatility
日期:	2014
上传时间:	2014-03-06 15:32:24 (UTC+8)
出版者:	Amsterdam: Elsevier BV * North-Holland
摘要:	This paper investigates whether volatility of financial development plays a role in determining industrial growth volatility. Three key findings emerge. First, overwhelming evidence supports the view that more volatile financial development raises the industrial volatility in sectors that rely more on external liquidity. Second, the positive effect of financial volatility on industrial volatility mainly works through the increase in fluctuations of the growth of real value added per firm and the number of firms, with the former effect more prominent. Third, both the volatilities of the banking sector and the stock market positively associate with higher industrial growth volatility, which contrasts sharply with the finding in the literature that financial structure generally does not matter.
關聯:	International Review of Economics and Finance 29, pp.307-320
DOI:	10.1016/j.iref.2013.06.006
显示于类别:	[財務金融學系暨研究所] 期刊論文

文件中的档案:

档案	大小	格式	浏览次数
Does financial development volatility affect industrial growth volatility.pdf	297Kb	Adobe PDF	0	检视/开启
index.html	0Kb	HTML	214	检视/开启
index.html	0Kb	HTML	54	检视/开启

在機構典藏中所有的数据项都受到原著作权保护.

TAIR相关文章