教師資料查詢 | 類別: 期刊論文 | 教師: 黃河泉 HO-CHUAN HUANG (瀏覽個人網頁)

標題:Banking market structure, liquidity needs, and industrial growth volatility
學年102
學期2
出版(發表)日期2014/03/01
作品名稱Banking market structure, liquidity needs, and industrial growth volatility
作品名稱(其他語言)
著者Huang, Ho-Chuan (River); Fang, WenShwo; Miller, Stephen M.
單位淡江大學財務金融學系
出版者Amsterdam: Elsevier BV * North-Holland
著錄名稱、卷期、頁數Journal of Empirical Finance 26, pp.1-14
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.
關鍵字Bank concentration; External liquidity; Financial development; Industrial growth volatility
語言英文(美國)
ISSN0927-5398
期刊性質國外
收錄於SSCI
產學合作
通訊作者Miller, Stephen M.
審稿制度
國別荷蘭
公開徵稿
出版型式紙本
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