Exploring volatility transmission in Capesize freight contracts: Insights from energy and commodity markets. [PDF]
Mi JJ, Ahmed S, Chen Y.
europepmc +1 more source
Abstract The future of money is a crucial issue in the digital age, and the emergence of central bank digital currencies (CBDCs) is widely recognised as a transformative development. However, despite its significant implications for monetary sovereignty, regulatory governance and strategic autonomy, we know relatively little about the political ...
Sebastian Heidebrecht
wiley +1 more source
Study on the spillover effects of tail risks in the supply chain of China's pharmaceutical industry. [PDF]
Wang C, Xu M, Xu M.
europepmc +1 more source
More Competition, Better Products: Evidence From Tariff Cuts
ABSTRACT This article examines how increased competition affects product and process innovation. I combine plausibly exogenous variation in foreign competition induced by large tariff cuts with a difference‐in‐differences strategy and find that firms increase their product patenting in response to increased foreign competition, but, on average, foreign
Colin Davison
wiley +1 more source
Market responses to geopolitical risk and economic policy uncertainty: Evidence from Vietnam. [PDF]
Cao PT, Vo DH.
europepmc +1 more source
Abstract We examine the effect of the inevitable disclosure doctrine (IDD) on cost of debt. Our difference‐in‐differences analyses reveal that the IDD significantly reduces the loan spread for borrowers in adopting states. To elucidate the mechanisms of such finding, we find that the IDD's effect is weaker in industries with high management turnover ...
Haiyan Jiang +2 more
wiley +1 more source
Measuring the Risk Spillover Effect of RCEP Stock Markets: Evidence from the TVP-VAR Model and Transfer Entropy. [PDF]
Zou Y, Chen Q, Han J, Xiao M.
europepmc +1 more source
Corporate social (ir)responsibility and firm risk: The role of corporate governance
Abstract We study how corporate governance moderates the relationship between corporate social responsibility (CSR), corporate social irresponsibility (CSI), and firm risk. We find that CSR reduces risk for firms with strong governance. In contrast, CSI increases firm risk more significantly for firms with stronger governance, suggesting that backlash ...
Craig Dunbar +2 more
wiley +1 more source
A study of systemic risk spillovers in Asian emerging markets and Chinese stock market. [PDF]
Fang Z.
europepmc +1 more source
Proximity to War: The Stock Market Response to the Russian Invasion of Ukraine
Abstract We identify a “proximity penalty” in the stock market response to the Russian invasion of Ukraine: the closer countries are to Ukraine, the lower their equity returns in a four‐week window around the start of the war. This result holds even at the firm level within Ukraine's neighbors. Trade linkages explain two‐thirds of the proximity penalty.
JONATHAN FEDERLE +3 more
wiley +1 more source

