G2TT
来源类型Discussion paper
规范类型论文
来源IDDP3229
DP3229 Governance with Poor Investor Protection: Evidence from Top Executive Turnover in Italy
Paolo Volpin
发表日期2002-02-20
出版年2002
语种英语
摘要We examine stock returns in a cross section of emerging and mature markets (47countries) between 1980-99. The level of financial development turns out to be an important determinant of the performance of stock returns. In general, a deeper and higher quality banking system decreases the volatility of stock returns. It also contributes to a greater synchronization in the movements of domestic and world returns and the same obtains when the stock market is liquid.
主题Financial Economics ; International Macroeconomics
关键词Financial development Stock returns
URLhttps://cepr.org/publications/dp3229
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/532254
推荐引用方式
GB/T 7714
Paolo Volpin. DP3229 Governance with Poor Investor Protection: Evidence from Top Executive Turnover in Italy. 2002.
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