Manuscript Type: EmpiricalResearch Question/Issue: This study examines the phenomenon of principal–principal conflicts in privatized companies in Vietnam. Since different types of shareholders may have competing interests, our study aims to address the following question: ‘How do different...

Revenue insurance with shallow loss protection for farmers has been introduced recently. A common attribute of most shallow loss proposals is that they would be area-revenue triggered. The impact on optimal hedge ratios of combining these shallow loss insurance proposals with deep loss...

China’s Belt and Road Initiative was introduced in 2013 to revitalise the Silk Road and promote economic development and integration. This paper investigates the economic effects of the opening of the only high-speed rail (HSR) line in northwest China which connects China’s northwestern...

We use high-frequency data from location-based mobile phone records to measure domestic air travel patterns of the Chinese population during the Covid-19 pandemic. The travel and tourism industry is a key driver of China's domestic economy and data from this industry helps serve as an objective...

This study examines how family ownership influences corporate borrowing decisions in the five Southeast Asian non-financial sectors, utilizing a sample of listed firms from 2007 to 2017. Our results find strong risk aversion of Southeast Asian family firms across sectors. Debt avoidance of...

This paper investigates the impact of political instability and civil conflict on firms. It studies the unrest in Cote d'Ivoire that began in 2000, using a census of all registered firms for the years 1998-2003. The analysis uses structural estimates of the production function and exploits...