Author

Contributions

  • Philippon, Thomas. - Contributor
  • National Bureau of Economic Research. - Contributor

Publication

2005 - National Bureau of Economic Research, Cambridge, Mass, Massachusetts

Language

English

Word Count

6,000 words, Guess

Page Count

24 pages

Identifiers

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.

Subjects

Links

Other Editions

  • The rise in firm-level volatility: causes and consequencesNational Bureau of Economic Research2005-01-01

Reader Reviews

No reviews yet for this book.

Be the first to share your thoughts!