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We examine the role of firm-level political risk in the capital structure dynamics for the U.S. listed firms from 2002 to 2017. We find that firm-level political risk facilitates firms' speed of adjustment towards its target leverage, and such a positive effect holds for categorical political...
Persistent link: https://www.econbiz.de/10013234784
We evaluate the association between social networks and household income using a panel dataset of representative households in China constructed from the 2011 and 2013 waves of the China Household Financial Survey (CHFS). The results show that social networks are positively associated with the...
Persistent link: https://www.econbiz.de/10012828517
We evaluate the association between intangible intensity and stock price crash risk for U.S. listed firms from 1983 to 2017. The results show that intangible-intensive firms are associated with high crash risk. The decomposition of intangible intensity identifies goodwill as the driving force...
Persistent link: https://www.econbiz.de/10012845135
Many governments are taking measures in support of small and medium-sized enterprises (SMEs) to mitigate the economic impact of the COVID-19 outbreak. This paper presents a theoretical model for evaluating various government measures, including insurance for bank loans, interest rate subsidy,...
Persistent link: https://www.econbiz.de/10012271152
In this study, we examine the effect of introducing SSE 50ETF index options trading on stock market volatility using a panel data evaluation approach. Based on the cross-sectional dependence among international stock indices and macroeconomic indicators, we estimate the counterfactual volatility...
Persistent link: https://www.econbiz.de/10013201453
In the original version of the article published in <em>Energies</em> [1], insufficient acknowledgement was given for the contributors Mr. Li Guo and Prof. Kai Wu in Xi’an Jiaotong University. The main work was completed by the research group in Xi’an Jiaotong University led by Prof. Kai Wu. Mr. Li...
Persistent link: https://www.econbiz.de/10011031208
Persistent link: https://www.econbiz.de/10010712637
Green innovation is an effective approach to break the constraints of resource availability and environment protection that the firms face. China has set up the political inspection team to fight against corruption and deepen reform of state-owned firms in recent years. From 2013 to 2015,...
Persistent link: https://www.econbiz.de/10014079878
We investigate the association between fund exposure of economic policy uncertainty (EPU) and flows of exchange-traded funds (ETFs) using a unique sample of U.S. global ETFs from 2012 to 2018. We find that fund exposure of EPU is negatively associated with flows after controlling for returns,...
Persistent link: https://www.econbiz.de/10014101584
This study finds a negative association between firm-level political risk (PRISK) and firm-level patents and citations in general. The PRISK extracted from different sectors also shows similar effects. This impact is more pronounced when a firm belongs to economically uncertain states,...
Persistent link: https://www.econbiz.de/10013220039