In this paper, we examine the spillover effect of US monetary policy uncertainty (MPU) on China's real economic activities, and study the international transmission mechanisms of MPU shock from the view of financial integration, on both aggregate and firm level. Based on the macro level...

This study predicts and finds that chief executive officer (CEO) risk-taking incentives induced by stock option compensation increase a bank’s contribution to systemic distress risk and systemic crash risk. We also predict and find that this CEO incentive–systemic risk relation operates...

This study examines the relationship between Internet-based disclosure and capital market risk. Based on prior research, an index of 49 items is developed to evaluate the level of Internet-based voluntary disclosure in France. Three measures are used to present the capital market risk: total...