Creative Destruction, Stock Return Volatility, and the Number of Listed Firms
The article reveals that idiosyncratic volatility rises with the number of listed firms due to creative destruction, but no similar effect is found from nonlisted firms, suggesting a unique economic dynamism role for listed firms.
Featured in No. 52 on 5 Jun 2024 · 2 days after release · 0 citations today
- Released
- 3 Jun 2024
- First featured
- No. 52 · 5 Jun 2024
- Citations (Semantic Scholar)
- 0
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- 2
- Identifier
- SSRN 4854349
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