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:Does Financial Development Volatility Affect Industrial Growth Volatility?
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
語言中文簡體
ISSN
期刊性質國內
收錄於SSCI;
產學合作
通訊作者
審稿制度
國別中華民國
公開徵稿
出版型式,電子版
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