We document frequent occurrences of negative conversion premium (NCP) events in the Chinese convertible bond market, when the bond is convertible and the underlying stock can be freely sold. This implies that when an NCP event occurs, existing stock holders can earn a riskless profit through a...

This study critically examines the impact of international sanctions on bureaucratic quality in 74 developing countries from 1990 to 2020, highlighting how global governance mechanisms influence domestic institutional capacities. By focusing on the interaction between sanctions and economic...

Numerous studies have explored the links between climate change and military conflicts. This study delves into the types and intensities of conflicts likely caused by climate change in developing countries from 1995 to 2020. Through a country-year panel analysis, it isolates the impact of rising...

This study investigates the relationship between national economic crises and Environmental, Social, and Governance (ESG) performance across 100 countries from 1990 to 2019. While ESG frameworks have gained prominence in assessing sustainability, limited attention has been given to the role of...