The COVID-19 pandemic has caused a significant negative impact on the world economy and financial markets due to its global nature and severity. This paper aims to comprehensively investigate the dynamics of short-, medium- and long-term risk spillovers across the major financial markets in the...

In accordance with the purchasing tax-deduction method and the receipt-based value added tax (VAT) system, the same transaction can be recorded by two firms, which creates self-enforcement properties, thereby restraining tax avoidance. Using the Replacement of Business Tax with VAT reform in...

Given the recent green development for tackling climate change, we examine the risk spillover mechanisms and risk management strategies in the carbon market, the stock market (divided into conventional stocks and low-carbon footprint stocks), and the bond market (divided into conventional bonds...