Political risk, one of the most significant uncertainty shocks, affects firms' future attitudes toward risks and plays a crucial role in their decision making. A stock price crash risk is a classical topic in financial markets; therefore, this paper probes the relationship between firm-level...

As a fundamental logistics service, the express delivery (ED) industry provides production and consumption activities to maintain efficient supply chain operations. It plays an important role in promoting industrial development and maintaining daily life and consumption. This study examined the...