Abstract
Continuous improvement of the financial system and securities assets represented by bonds is emerging as the main direction of enterprises financialization. Therefore, this study finds that financial shocks lead to higher output volatility of heterogeneous firms and that the negative effect is strengthened by investor sentiment. The findings offer practical guidance for firms to observe financial shocks and investor sentiment.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.