Multiple channels of financial contagion: An empirical analysis of stock price dynamics (notice n° 486614)
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| fixed length control field | 01767cam a2200229 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121072439.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Nasini, Stefano |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Multiple channels of financial contagion: An empirical analysis of stock price dynamics |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2019.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 17 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | In this paper we study how the effects on stock price dynamics of different network propagation channels and centrality vary according to the state of the economy. Drawing on the view that decisions and outcomes of financial firms are influenced by multiple network channels, we study the stock price dynamics of listed enterprises connected by supply-chain relationships, competition linkages and business partnerships. We derive theoretical properties of the proposed network-based econometric approach which allows decomposing these effects into networks propagation and firms structural positions, with a particular focus on firms’ centralities. Using comprehensive firm-level network data on 7256 U.S. listed enterprises, we document that stock prices are significantly exposed to multiple network propagation, and at the same time highly sensitive to the structural positions of firms in the networks. These effects are sizable, time-varying and asymmetric over the business cycle during normal versus crisis periods1. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | industry-based network effects |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | firms centrality |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | inter-firm contagion |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | financial econometrics |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | stock price dynamics |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Erdemlioglu, Deniz |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Finance | 40 | 1 | 2019-05-21 | p. 87-133 | 0752-6180 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-finance-2019-1-page-87?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-finance-2019-1-page-87?lang=en&redirect-ssocas=7080</a> |
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