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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP3229 |
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 |
URL | https://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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