This dissertation advances research on the role of states in shaping the global financial network. The relationship between states and financial globalization is complex and multifaceted. States employ various economic tools, such as secondary sanctions, anti-money laundering (AML), and...

Purpose: The present study aims to determine the effect of adopting voice on subordinates' work engagement based on organization-based self-esteem (OBSE). Design/methodology/approach: Three variables were rated according to the seven-point Likert-type response scales. To control the effect of...

Motivated by the stylized fact that intraday returns can provide additional information on the tail behaviour of daily returns, we propose a functional autoregressive value-at-risk approach which can directly incorporate such informational advantage into the daily value-at-risk forecast. Our...

Governments are important financiers of private sector innovation. While these public funds can ease capital constraints and information asymmetries, they can also introduce political distortions. We empirically explore these issues for China, where a quarter of firms' R&D expenditures come from...

This paper presents the first investigation into the economic consequences of the zero-COVID policy implemented by the Chinese government as a pilot experiment in using big data for country management from 2020 to 2022. Our study includes an original county-daily panel data set on the COVID risk...