Technological diversification and resilience to systematic risk: Evidence from listed firms in China
This paper investigates whether a firm with diversified technological bases is more resilient to systematic downside risk. By investigating Chinese listed manufacturing firms for 2015–2023, we find that diversified technological bases significantly reduce the left-tail correlation between its stock...
| Published in: | International Review of Economics & Finance |
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| Main Authors: | , , , |
| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2025-04-01
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| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S1059056025001972 |