State-owned enterprises (SOEs) are important components of the Chinese economy.
Although SOEs are generally considered inefficient in operations, China's economy, which …

This paper provides the first evidence of the debt and stock market reaction to corporate
green bond issuance in the simultaneously largest developing economy and largest …

The literature extensively discusses the increasing commitment toward comprehensive
structural reform of China's economy as it targets to achieve high quality and sustainable …

Purpose This study aims to systematically review the literature in the fields of liquidity,
informational efficiency and default risk. The authors outline the key research streams and …

Exploiting the first default of a state-owned enterprise (SOE) in China, we analyze the role of
implicit government guarantees in credit ratings. We consider two causes of implicit …

This paper explores the pricing implications of green bonds in the Chinese corporate bond
market. We document a large greenium in the Chinese green bond market, whereby green …

Green bond is widely treated as one of the most crucial financial instruments for achieving
carbon neutrality. While existing research is insufficient to provide an in-depth …

The market for the credit ratings of Chinese firms is large and growing. We analyse Chinese
firms that have ratings from both domestic and global agencies. Despite the similar symbols …

This paper analyzes the connectedness between the financial markets in the US and China
based on non-linear Granger causality and quantile Granger causality networks. We extend …

Credit risk prediction should maximize a bank's loan profit. This paper performs modified
profit-based logistic regression (MPLR) by constructing an objective function with the …