Banking market structure, liquidity needs, and 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 987654321/99608

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/987654321/99608

题名:	Banking market structure, liquidity needs, and industrial growth volatility
作者:	Huang, Ho-Chuan (River);Fang, WenShwo;Miller, Stephen M.
贡献者:	財務金融學系暨研究所
关键词:	Bank concentration;External liquidity;Financial development;Industrial growth volatility
日期:	2014-03
上传时间:	2014-12-04 15:26:48 (UTC+8)
摘要:	While the existing literature acknowledges the effect of banking structure on industrial growth as well as the effect of financial development on industrial growth and its volatility, we examine whether banking structure, given financial development, exerts any nontrivial effect on industrial growth volatility. We show that bank concentration magnifies industrial growth volatility, but reduces the volatility in sectors with higher external liquidity needs. The reduction in industrial growth volatility mostly reflects the smoothing in the volatility of real value added per firm growth. A variety of sensitivity checks show that our findings remain for different model specifications, banking market structure measures, liquidity need indicators, and omitted variables.
關聯:	Journal of Empirical Finance 26, p.1-12
DOI:	10.1016/j.jempfin.2014.01.001
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	描述	大小	格式	浏览次数
Banking market structure, liquidity needs, and industrial growth volatility.pdf		300Kb	Adobe PDF	1	检视/开启
index.html		0Kb	HTML	64	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