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Trade and flow of value in global value chains

open access: yesInternational Journal of Finance &Economics, Volume 30, Issue 2, Page 1610-1631, April 2025.
Abstract This paper examines flow of value that goes with trade flows in global value chains (GVCs) by a residence‐based domestic value‐added trade measure. Accordingly, the paper puts forward a concept of residence‐based domestic value‐added exports from activity domains and develops a corresponding trade measure.
Peijie Wang, Zhiyuan Liu
wiley   +1 more source

Bilateral investment treaties and sovereign default risk: Evidence for emerging markets

open access: yesInternational Journal of Finance &Economics, Volume 30, Issue 2, Page 1803-1830, April 2025.
Abstract This paper analyses the impact of bilateral investment treaties (BITs) on sovereign default risk using monthly data for 29 emerging markets from 1996 to 2016. Under a BIT, foreign investors can use an international arbitration scheme to enforce compensation claims against the host country's government.
Stefan Eichler, Jannik André Nauerth
wiley   +1 more source

Do creditors care about greening in corporations? Do contingencies matter?

open access: yesInternational Journal of Finance &Economics, Volume 30, Issue 2, Page 1583-1609, April 2025.
Abstract This study assesses whether creditors consider ecological practices (i.e., resource usage, emissions, and eco‐innovation) when setting interest rates during loan decisions and whether firm‐level contingencies play a role in this relationship. Based on a sample of 38,127 firm‐year observations of non‐financial firms operating worldwide between ...
Abdullah S. Karaman   +2 more
wiley   +1 more source

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