Does higher policy uncertainty lead to higher financial risk for sure? This study shows an opposite evidence. Based on the sample of 16 listed banks from 2011 to 2020 in China, we find that economic policy uncertainty has a significantly large negative impact on the bank systemic risk, and the...

Exploring the locality stereotype with respect to CEO’s trustworthiness, we find that firms whose CEOs are from more reputable hometowns have a higher likelihood of stock price crashes, indicating the presence of a CEO "Trust Exploitation" effect, i.e. a high-trust identity does not guarantee...