Impact of Rollover Risk and Corporate Policy on Extreme Risk in the Taiwanese Manufacturing Industry

Wan Chien Chiu, Chih Wei Wang, Wei Ning Wu, Chuan Ju Lin

研究成果: 雜誌貢獻期刊論文同行評審

3 引文 斯高帕斯(Scopus)

摘要

We explore the crucial research question of whether the rollover risk effect amplifies or reduces a firm's extreme risk through an empirical investigation of the Taiwanese manufacturing industry. We also investigate the relationship between corporate policy and extreme risk. On the basis of extensive empirical evidence from 2003 to 2014, we determine significant positive impacts on extreme risk for firms with difficulty in rolling over their maturing debts. Firms with higher investment levels in a financial crisis should consequentially have more tail risk spillover from the financial sector.

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文章編號1750019
期刊Review of Pacific Basin Financial Markets and Policies
20
發行號3
DOIs
出版狀態已出版 - 1 9月 2017

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