We rely on a simple game theoretic structure to provide rationale for the apparent synchronization of foreign investment crises. Specifically, we outline a very basic and very intuitive mechanism that allows a crisis in a given economy to spread to other economies. Furthermore, we obtain our...

This study investigates the effect of enterprise digital transformation on stock price crash risk using a sample of Chinese listed companies during the period 2007–2020. We find that the digital transformation of enterprises can significantly reduce stock price crash risk, and shows a certain...