期刊論文

學年 102
學期 1
出版(發表)日期 2014-01-01
作品名稱 Does Financial Development Volatility Affect Industrial Growth Volatility?
作品名稱(其他語言)
著者 Huang, H. C., Fang, W. S. and Miller, S.
單位 財務金融學系暨研究所
出版者
著錄名稱、卷期、頁數 International Review of Economics and Finance, 29, 307-320.
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.
關鍵字 Financial development;Financial volatility;Industrial growth volatility
語言 zh
ISSN
期刊性質 國內
收錄於 SSCI
產學合作
通訊作者
審稿制度
國別 TWN
公開徵稿
出版型式 ,電子版
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/99611 )

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