Employing an international sample of 12,422 bank loan facilities across 37 countries spanning the period from 2000-2016, we find that both media coverage and positive media sentiment reduce the bank loan interest rate spread, which can be achieved through the media’s roles in mitigating...

Financial systemic risk – defined as the risk of collapse of an entire financial system vis-à-vis any one individual financial institution – is making inroads into academic research in the aftermath of the late 2000s Global Financial Crisis. We shed light on this new concept by...

This study examines the effect of the use of Asset-backed Securitisation (ABS) on corporate risk-taking. After careful consideration of self-selection bias and endogeneity, we find that the use of ABS is positively associated with corporate risk-taking. More borrowing through ABS economically...

This paper is designed to provide comprehensive details on the carbon markets across the major Asian economies and with specific attention to the Chinese carbon market. We particularly discuss the carbon markets across the major northeast (the People's Republic of China [PRC], Japan, and the...

In recent times, the People's Republic of China (PRC) has faced significant challenges in terms of managing its environment and moving forward with the concept of sustainable economic development. The environmental challenges concern the increasing consumption of fossil fuel energy, which has...