This paper examines the relationship between modern health pandemic crises and financial stability. Specifically, it collects data on 250,223 firms in 43 countries (or regions) during five modern pandemic crises, SARS (2003), H1N1 (2009), MERS (2012), Ebola (2014), and Zika (2016), and finds...

This study combines conditional Granger causality and network analysis to examine the interconnectedness in the European sovereign credit default swap (CDS) market. We determine that the network is unstable in the short term and stable in the long term. Further, we visualize dynamic networks and...

We investigate the impact of the crises caused by the modern health pandemics on the firm stock price’s risk of crashing. Further, we explore these associations by utilizing a comprehensive cross-country sample of 265,983 firm-year observations, collected from 39 countries during the five...

A long-term orientation influences a country’s use of trade credit. We examine 519,805 firm-year observations across 71 countries from 1990 to 2020. Considering endogeneity and checking robustness, the main finding suggests that the effect of long-term orientation is related to the greater use...

Using an international sample of 30,060 observations of firms from 32 countries, covering the period from 2004 to 2018, combined with a country-level index for societal trust, this study provides evidence that societal trust is negatively associated with corporate social responsibility (CSR),...