?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=http%3A%2F%2Feprints.imtlucca.it%2F3842%2F&rft.title=Does+corporate+control+matter+to+financial+volatility%3F&rft.creator=Gianfagna%2C+Laura&rft.creator=Rungi%2C+Armando&rft.subject=HB+Economic+Theory&rft.subject=HG+Finance&rft.description=In+our+contribution+we+study+how+the+ownership+channel+affects+the+stock+price+volatility%0D%0Aof+listed+stock+markets.+In+particular%2C+we+study+how+a+linkage+between+a+parent+company+and%0D%0Aits+affiliates+may+drive+differences+in+stock+price+volatility%2C+within+and+across+countries.+We%0D%0Aexploit+a+worldwide+dataset+of+stock-exchange+listed+firms%2C+controlling+for+several+financial%0D%0Adimensions%2C+to+assess+whether+business+groups+matter+to+financial+volatility.+The+answer+is%0D%0Apositive+and+does+not+depend+on+the+definition+of+volatility+used.+Our+results+contribute+to%0D%0Athe+corporate+finance+literature+by+defining+the+role+of+multinational+corporate+control+in%0D%0Afinancial+markets%2C+and+to+the+financial+stability+literature+by+assessing+corporate+control+as%0D%0Aan+undiscovered+channel+of+transmission+for+financial+shocks.&rft.publisher=IMT+School+for+Advanced+Studies+Lucca&rft.date=2017-11&rft.type=Working+Paper&rft.type=NonPeerReviewed&rft.format=application%2Fpdf&rft.language=en&rft.rights=cc_by_nd&rft.identifier=http%3A%2F%2Feprints.imtlucca.it%2F3842%2F1%2FEIC_WP_9_2017.pdf&rft.identifier=++Gianfagna%2C+Laura+and+Rungi%2C+Armando++Does+corporate+control+matter+to+financial+volatility%3F++EIC+working+paper+series++%239%2F2017++++IMT+School+for+Advanced+Studies+Lucca++++ISSN+2279-6894.++++++