The rise in firm-level volatility
Subtitle: causes and consequences
By: Diego Comin, Thomas Philippon.
Contributors: Philippon, Thomas.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 11388; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 11388.
Publisher: National Bureau of Economic Research
Published: 2005
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Business enterprises.; Risk.; Deregulation.
Description: "We document that the recent decline in aggregate volatility has been accompanied by a large increase in firm level risk.  The negative relationship between firm and aggregate risk seems to be present across industries in the US, and across OECD countries.  Firm volatility increases after deregulation.  Firm volatility is linked to research and development spending as well as access to external financing.  Further, R&D intensity is also associated with lower correlation of sectoral growth with the rest of the economy"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 6/21/2005.
Also available in print.
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Mode of access: World Wide Web.