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This paper explores the nuanced extreme market responses exhibited by segmented domestic and foreign investors in reaction to state media coverage of the COVID-19 pandemic in China’s A-share and H-share markets. Our findings indicate that an extreme increase (or decrease) in this unexpected...
Persistent link: https://www.econbiz.de/10015062458
Employing an international sample of 10,012 firms across 62 economies spanning 2005–2017, we show that climate risk is … negatively associated with corporate innovation activities. This finding is consistent with increased managerial risk aversion … when managers perceive higher climate risk, leading to lower innovativeness. Through risk-buffering mechanisms, the …
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with other health and social priorities. Fourth, we need a unified risk-mitigation approach to future infectious disease … international community should recognize that its pandemic financing addresses a systemic risk to the global economy, not just the …
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Institutional transparency makes future contingencies more easily predictable for investors. Greater transparency can be achieved through vertical and horizontal integration of policy rules, which may result in lower Knightian uncertainty (ambiguity). In a model based on cumulative prospect...
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and methods from modern practice of contingent claims to develop a quantitative risk-based model of sovereign credit risk … sustainability analysis which-although it has many useful applications-suffers from the inability to measure risk exposures, default …
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