How does economic policy uncertainty affect corporate risk-taking? Evidence from China

F Wen, C Li, H Sha, L Shao - Finance Research Letters, 2021 - Elsevier
Using the firm-level data from China over the time period 2007-2018, we investigate how
EPU affect the corporate risk-taking. Our empirical results show that EPU can significantly …

Does geopolitical risk matter for corporate investment? Evidence from emerging countries in Asia

AT Le, TP Tran - Journal of Multinational Financial Management, 2021 - Elsevier
This paper examines the effect of geopolitical risk on corporate investment in emerging
Asian countries. Using an extensive sample spanning 1995–2018, we find that geopolitical …

Economic policy uncertainty and bank stability: Threshold effect of institutional quality and competition

M Shabir, P Jiang, S Bakhsh, Z Zhao - Pacific-Basin Finance Journal, 2021 - Elsevier
This study examines the effect of economic policy uncertainty (EPU) on bank stability using
bank-level panel data from 2005 to 2019. The findings show that EPU decreases bank …

Economic policy uncertainty, stakeholder engagement, and environmental, social, and governance practices: The moderating effect of competition

Ç Vural‐Yavaş - Corporate Social Responsibility and …, 2021 - Wiley Online Library
This paper investigates the effect of the economic policy uncertainty (EPU) on corporate
environmental, social, and governance practices (ESG), using 6,562 firm‐year observations …

Macro uncertainty impacts on ESG performance and carbon emission reduction targets

M Alandejani, H Al-Shaer - Sustainability, 2023 - mdpi.com
This study examines the impact of three macro uncertainty factors: economic policy
uncertainty (EPU), political instability (PIS), and cultural uncertainty avoidance (UA), on …

Political uncertainty and stock market liquidity, size, and transaction cost: The role of institutional quality

F Obenpong Kwabi, E Adegbite… - … Journal of Finance & …, 2024 - Wiley Online Library
Using panel data of 42 countries from 2001 to 2019, we examine whether political
uncertainty (caused by uncertainty about national elections) explains variations in cross …

Economic policy uncertainty, bank loan, and corporate innovation

J Tian, H Li, P You - Pacific-Basin Finance Journal, 2022 - Elsevier
We explore the impact of EPU on corporate innovation and identify the mediating role of
bank loans in the transmission process to better understand the influencing factors of …

Corporate risk-taking in developed countries: The influence of economic policy uncertainty and macroeconomic conditions

Ç Vural-Yavaş - Journal of Multinational Financial Management, 2020 - Elsevier
Abstract Using 74,974 firm-year observations covering 15 developed European countries
over the time period 1999–2017, this paper explores the effect of economic policy …

Firm-level political risk and debt choice

GY Huang, CH Shen, ZX Wu - Journal of Corporate Finance, 2023 - Elsevier
We examine the effect of firm-level political risk on debt choices and find:(i) firms with higher
political risk display a preference for private debt over public debt;(ii) the magnitude of this …

Does ESG performance enhance financial flexibility? Evidence from China

D Zhang, L Liu - Sustainability, 2022 - mdpi.com
Environmental, social, and governance (ESG) performance may be one of the strategies
firms adopt to enhance their financial flexibility in response to an increasingly uncertain …