Prior studies have noted that firms with climate change exposure suffer from earnings and cash flow volatility and have difficulties raising capital. This study finds that such firms tend to invest more in working capital, mainly driven by increased investments in receivables (a conservative...

Decision-making processes are among the most important methods of functioning against which the legitimacy of one institution may be rated. It is because they show how the organization treats its members and thereby fulfils the first and minimal level of accountability. Moreover, in the recent...

The study investigates the moderation effect of economic policy uncertainty (EPU) towards the relationship between excess liquidity and bank risk-taking as well as explores its stronger impact in countries severely affected by the 2008 Global Financial Crisis (GFC). Using System Generalized...