This paper investigates how economic policy uncertainty affects firms' frequency and their choice of financial instruments to raise capital. By applying a three-step sequential framework over a sample of 6834 publicly listed US non-financial firms, we find that during periods of high economic...

This paper investigates how economic policy uncertainty and ownership structure affect the decisions of US firms to raise capital. We use a three-step sequential framework involving the decisions to raise capital and, depending on the decision to raise capital, the choice of financing...

Banking sectors across the world are facing unprecedented challenges due to the COVID-19 pandemic and are under immense pressure. This study examines the impact of COVID-19 on the systemic risk in eight of the most affected countries. Results indicate a significant increase in systemic risk...