The unique characteristics of Chinese stock markets give rise to the difficulty of assuming innovation distributions and the specification form of the volatility process when modelling volatility with the parametric GARCH family models. This paper examines the Chinese stock market volatility and...

This paper examines whether a government can play an important role in determining a firm’s related party transactions associated with tunnelling. Through the lens of political turnover in 31 Chinese provinces for 2000-2018, we show that political turnover is negatively associated with...

This paper shows that a standard deviation increase in carbon emissions by listed firms in China increases the odds of M&A (a green asset acquisition) by over 33% (over 81%) to achieve a green transition. However, firms decrease their R&D investment which tends to be fraught with technical and...