Givers or Receivers? Return and volatility spillovers between Fintech and the Traditional Financial Industry

Yuxuan Chen, Junmao Chiu*, Huimin Chung

*此作品的通信作者

研究成果: Article同行評審

20 引文 斯高帕斯(Scopus)

摘要

We investigate the return and volatility spillovers between a Fintech ETF and the ETFs of the traditional financial industry with an empirical network model. We find that the traditional financial ETFs are still the main givers, and the Fintech ETF is the net receiver. The Fintech ETF does not lead to greater volatility and financial instability in most of the traditional financial sectors. The information transmission between these ETFs is high, especially during the period of US-China trade friction. Our results provide a full understanding of the effect of changes in information transmission between Fintech and the traditional financial industry.

原文English
文章編號102458
期刊Finance Research Letters
DOIs
出版狀態Published - 9月 2021

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