Purpose: The purpose of this paper is to research the impact of firms’ political connections on the stock price crash risk. Design/methodology/approach: Empirical methodology is used in this study. Findings: Using a large sample of Chinese firms for the period 2008-2013, the authors find that...

Purpose: The purpose of this paper is to calculate the bank efficiency of removing potential risks that are hidden from the extreme portfolio of bank’s assets and further compare the differences and causes of bank’s efficiency and potential risk level between China’s representative banks...

Purpose – The purpose of this paper is to provide a method for computing the spillover index first proposed by Diebold and Yilmaz (2009), with empirical application on Asian stock markets. Design/methodology/approach – It is based on a VAR-structural-GARCH model. Findings – The results...