---
title: Creative Destruction, Stock Return Volatility, and the Number of Listed Firms
url: https://www.ml-quant.com/papers/ssrn/4854349/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4854349
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4854349
featured: 2024-06-05
citations: 0
topic: Derivatives & Volatility
---


# 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.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4854349
- Identifier: SSRN 4854349
- Released: 2024-06-03
- First featured: Quant Letter No. 52 (2024-06-05): https://www.ml-quant.com/issues/2024-06-05/
- Citations (Semantic Scholar): 0
- Published in: not yet
- Topic: Derivatives & Volatility

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