This study examines how sell-side analyst’s earnings forecast behavior are influenced by peer analysts’ forecast. Based on uncertainty management theory, we propose that observing the deviation between analysts’ forecast and peers’ forecast will enhance analysts’ perception of...

This study investigates the effects of economic policy uncertainty (EPU) on green bond financing costs using Chinese green bond data from 2016-2021 and discusses the role of green finance pilot zone policies in hedging uncertainty. The results show that EPU significantly raises the financing...

Using Growth at Risk as a measure of downside growth risk, the authors find that higher perceived levels of downside growth risk seem to be negatively associated with long-term growth. Output collapses and crises are a fact of life. Severe economic downturns occur periodically and have grave...