haku: @indexterm capital markets / yhteensä: 931
viite: 172 / 931
| Tekijä: | Perez-Quiros, G. Timmermann, A. |
| Otsikko: | Firm size and cyclical variations in stock returns18 |
| Lehti: | Journal of Finance
2000 : JUN, VOL. 55:3, p. 1229-1262 |
| Asiasana: | FINANCE STOCK RETURNS CAPITAL MARKETS |
| Kieli: | eng |
| Tiivistelmä: | Recent imperfect capital market theories predict the presence of asymmetries in the variation of small and large firms' risk over the economic cycle. Small firms with little collateral should be more strobgly affected by tighter credit market conditions ina recession state than large, better collateralized ones. This paper adopts a flexible econometric model to analyze these implications empirically. |
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