Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 민병규 | - |
dc.date.accessioned | 2020-04-27T00:32:16Z | - |
dc.date.available | 2020-04-27T00:32:16Z | - |
dc.date.issued | 2019-05 | - |
dc.identifier.citation | JOURNAL OF BANKING & FINANCE, v. 102, Page. 256-276 | en_US |
dc.identifier.issn | 0378-4266 | - |
dc.identifier.issn | 1872-6372 | - |
dc.identifier.uri | https://www.sciencedirect.com/science/article/pii/S0378426619300329?via%3Dihub | - |
dc.identifier.uri | https://repository.hanyang.ac.kr/handle/20.500.11754/151270 | - |
dc.description.abstract | This paper explores why the size effect vanished after the early 1980s. We show that the size effects are significantly positive primarily at the bottom of the business cycles. More importantly, this dependency of the size effect on the business cycles is preserved even after the 1980s. Therefore, our findings suggest that while unconditional size effect has perished, the size effect conditional on the business cycles is alive and well. The less frequent occurrences of troughs, due to prolonged business cycle length, are shown to be responsible for the dissolution of the size effect. (C) 2019 Elsevier B.V. All rights reserved. | en_US |
dc.description.sponsorship | The first author is grateful to the financial support from the National Research Foundation of Korea Grant funded by the Korean Government (NRF-2014S1A3A2044637). Any remaining errors are the authors' own. The usual disclaimer applies. Address correspondence to Byoung-Kyu Min, Discipline of Finance, Business School, The University of Sydney, Sydney, Australia. | en_US |
dc.language.iso | en | en_US |
dc.publisher | ELSEVIER SCIENCE BV | en_US |
dc.subject | Size effect | en_US |
dc.subject | Business cycle duration | en_US |
dc.title | Why has the size effect disappeared? | en_US |
dc.type | Article | en_US |
dc.identifier.doi | 10.1016/j.jbankfin.2019.02.005 | - |
dc.relation.journal | JOURNAL OF BANKING & FINANCE | - |
dc.contributor.googleauthor | Ahn, Dong-Hyun | - |
dc.contributor.googleauthor | Min, Byoung-Kyu | - |
dc.contributor.googleauthor | Yoon, Bohyun | - |
dc.relation.code | 2019004030 | - |
dc.sector.campus | S | - |
dc.sector.daehak | COLLEGE OF ECONOMICS AND FINANCE[S] | - |
dc.sector.department | DIVISION OF ECONOMICS & FINANCE | - |
dc.identifier.pid | minbk | - |
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