Emerging Markets Finance and Trade

Article	Citations
Study on OFDI and Enterprises Transformation and Upgrading Under the “Belt and Road” Initiative	227
Executive Monetary Compensation Incentives, Equity Incentives, and Corporate Default Risk: Empirical Evidence from China	189
Can Short Selling Improve the Quality of Information Disclosure in Clarification Announcements by Firms Faced with Market Rumors?	92
Breaking the Model: Does Technical Efficiency Propel or Hinder Bank Risk? Evidence from the Chinese Banking Industry	83
Digital Economy and Corporate Innovation: Evidence from China	80
Impact of Local Government Competition and Land Finance on Haze Pollution: Empirical Evidence from China	73
Could Digital Trade Promote Global Value Chain Participation? Evidence from Multinational Data	66
Services Liberalization and Manufacturing Employment Polarization: Evidence from Chinese Listed Manufacturing Firms	52
Production Suspension, Corporate Governance, and Firm Value	48
How to Comprehensively Evaluate Firm Performance from Operational, Financial, and Sustainability Perspectives? A Two-Stage Data Envelopment Analysis Approach	46
CEO Overconfidence, Loan-Loss Provisions, and the Effect of Country Corruption: An International Investigation	44
Impact of Enterprises Relationship on ML’s Ability to Forecast SME’s Credit Risk in SCF: A Research Based on Complex Network	43
Does Supply Chain Finance Improve the Corporate Investment Efficiency of New Energy Firms? Evidence from China	42
Oceans Apart? China and Other Systemically Important Economies	38
Does Executives’ Compensation Stickiness Encourage Environmental Investments? An Environmental Attention-Based Perspective	36
Is Financial Risk A Stumbling Block to the Development of Digital Economy? A Global Case	36
Does Fintech Development Matter for Export Technological Sophistication? Evidence from Chinese Enterprises	34
How Does Intelligent Manufacturing Affect Corporate ESG Performance? Evidence from Intelligent Manufacturing in China	32
The Effect of Digital Transformation on Export Upgrading: Firm-Level Evidence from China	31
Guaranteed Rate-setting Behavior, Life Insurance Premium, and Policyholder Protection	30
Regional Integrity and Corporate Green-Technology Innovation: Evidence from Deadbeat Borrowers in China	30
Does It Pay to Be Responsible? The Performance of ESG Investing in China	29
Are Academic Leaders Less Aggressive? Evidence from Corporate Expansion	28
The Impact of Debt Relief to Africa on Creditor Countries’ Product Exports: Evidence from China	27
Decision-Making of Discretionary Goodwill Impairments—Evidence from Publicly Listed Firms in China	27

Good (Bad) News and the Probability of Informed Trading: Evidence from Illegal Insider Trading	27
The Impact of Government Assessment Transformation on Green Entrepreneurship: Evidence from China	27
Intraday Return Forecasts and High-Frequency Trading of Stock Index Futures: A Hybrid Wavelet-Deep Learning Approach	26
Unintended Consequences of Social Insurance Law on Stock Price Crash Risk: Quasi-Natural Experimental Evidence from China	25
The Path and Mechanism of Business Strategy Influencing the Strategic ESG Behavior: Evidence from Chinese Enterprises	25
Shadow Banking, Stock Market Volatility, and Stock-Money Market Correlation: Evidence from China	23
In Search of Risk Havens in the Global South—Interconnectedness Between Mining Stocks and Energy Commodity Future	23
How Climate Risk Affects Corporate Green Innovation: Fresh Evidence from China’s Listed Companies	22
Can Artificial Intelligence Pave a Greener Path for China? Exploring the Synergistic Effects of Intelligentization and Industrialization on Carbon Emission Efficiency	22
Monetary-Macroprudential Policy Synergy Through the Bank Lending Channel in Indonesia	21
Regional Digital Finance and Corporate Financial Risk: Based on Chinese Listed Companies	21
The Impact of Fiscal Subsidies on New Energy Enterprises Sustainable Development Performance from the Climate Policy Uncertainty Perspective	20
Emissions Trading Scheme Brings Transition Risks to Industrial Supply Chain in China	20
Institutional Segmentation, Inequality in Work Opportunities, and Income in Digital Labor Markets: Evidence Based on Witkey Transactions	20
Market Skewness and Stock Return Predictability: New Evidence from China	20
Does Professional Management of a Family Business Affect Its Financing Channels? Evidence from China	20
The Global Financial Crisis and China’s Export in Belt and Road Countries: An Analysis Using Product-Level Data	19
Does Independence of Board Committees Enhance Corporate Performance? The Case of Russia	19
The Role of Different Fiscal Policies in Inducing Environmental Innovation and Enhancing Firm Competitiveness	19
Influence of the Carbon Emissions Trading Policy on Green Patent Transfers: A Difference-In-Differences Design	19
Stock Mispricing, Resale Options, and Differences of Opinion	19
Does Financial Development Promote Economic Globalization? Evidence from the Top and the Bottom Globalized Emerging Economies	18
Spatial Distribution and Dynamic Evolution of Heterogeneous Air Pollution: Evidence from China	18
What Leads to the Changes of Volatility Spillover Effect Between Chinese and American Soybean Futures Markets?	18
Are Data Assets Useful?—Evidence Based on Corporate Cost Stickiness	17
Banking on Green: Assessing Financial Market ESG Performance in European Financial Institutions	17
Exchange Comment Letters and Corporate Social Responsibility: Evidence from China	17
Carbon Emissions and Clean Energy Investment: Global Evidence	17
Driving Impact of Digital Transformation on Total Factor Productivity of Corporations: The Mediating Effect of Green Technology Innovation	17
Digital Technology and Value Chain Agglomeration: Evidence from East Asia	16
Sustainable Institutional Investors and Green Innovation: Evidence from Chinese Listed Firms	16
How Does Bank Fintech Influence Liquidity Creation Divergence Between Traditional and Shadow Bank Businesses? Evidence from China	16
Institutional Investor Network Embedding and Firms’ Total Factor Productivity	16
Is the Development of Inclusive Finance Truly Able to Alleviate Poverty?——an Empirical Study Based on Spatial Effect and Threshold Effect	16
The Asymmetric Effects of Deep Preferential Trade Agreements on Bilateral GVC Participation Levels	16
Does Global Value Chain Integration Enhance Export Competitiveness? Evidence from Indonesia’s Industry-Level Analysis	15
How Does Bank Credit Interact With Housing Prices? A Financial Market Perspective	15
Analyst Network: Implications for Systemic Risk of Non-Financial Firms in China	15
Emissions Prices, Commodity Futures, Equity Prices, and Geopolitical Risks Dependence Structure: Implications for Portfolio Diversification	15
Deepening of Free Trade Agreements and International Trade: Evidence from China	15
Annual Report Readability and Opportunistic Insider Selling—Evidence from China	15
The “Debt Trap” or the “Benefit Pie” View of China’s Belt and Road Initiative on Host Countries: Evidence from Chinese Enterprises’ Outward Foreign Direct Investment	15
The Effects of the Belt and Road Initiative on the Evolution of the Global Value Chain Division of Labor: A Perspective on the Production Length	15
The Effect of Venture Capital on Invested Firms’ Social Responsibility: Evidence from Venture Capital’s Exits	14
Analysis on the Motivation and Welfare of International Conflicts in Trade Dependence	14
Macroeconomic Impact of Demographic Transition and Effectiveness of Monetary Policy: Evidence from East Asian Economies	14
On the Determinants and Outcomes of IMF Loans in Low- and Middle-Income Countries: Do Politics Matter?	14
Digital Finance and Household Consumption Insurance: The Bounded Inclusive Effect	14
Early Experience Within Tizhi System, Policy Perception and Corporate Innovation: Evidence from Chinese Private Firms	14
Why Do Firms Pay Large Stock Dividends? Catering First and Cashing Out Next: Evidence from China	14

Re-Allocation Effects of Creative Talent Agglomeration from Extreme Weather	13
The Role of Export Incentives and Bank Credit on the Export Survival of Firms in India During COVID-19	13
Analysis of Bankruptcy Factors in Presale Projects and Their Policy Implications	13
Revisit the Nexus between Saving and Inequality in Labor Intensive Economies: Evidence from China	13
Global Sourcing and Firm Inventory During the Pandemic	13
Exploring the Path to Carbon Neutrality in Prominent Asian Nations: How Green Technological Advancements, Transportation Initiatives, and Financial Progression Work?	13
How Does the “Shanghai-Shenzhen-Hong Kong Stock Connection Schemes” Impact the Excess Goodwill?	13
Predicting Stock Market Crises Using Stock Index Derivatives: Evidence from China	12
Financial Experts on the Outside Boards, Financial Stress in Foreign Exchange Markets, and Firm Employment	12
Regression for Asymmetric Information Problem: The Comparison of Different Methods	12
The Impact of Multi-Goal Constraints of Government on Corporate Green Technology Innovation	12
The Combined Impact of Dual Policies on Carbon Reduction: A Study Focusing on Broadband China and Low-Carbon Pilot Policies	12
The Historical Roots of Opportunistic Sales: Evidence from CEOs’ Great Famine Experience	12
The Urbanization–Environmental Pollution Nexus: An Analysis Based on a Spatial Perspective	12
The Impact of Internal Whistleblowing on Product Quality Regulation: A Tripartite Evolutionary Game Analysis	12
Foreign Institutional Ownership and Firm Value: Evidence of “Locust Foreign Capital” in Brazil	12
The Digital Transformation Effect in Trade Credit Uptake: The Buyer Perspective	12
Media Attention, Environmental Information Disclosure and Corporate Green Technology Innovations in China’s Heavily Polluting Industries	12
Effects of Digital Finance on Green Innovation considering Information Asymmetry: An Empirical Study Based on Chinese Listed Firms	12
Foreign Banks, Asymmetric Information and Financial Inclusion in Emerging and Developing Countries	12
Firm Product Similarity and Stock Price Comovement: Evidence from China	12
ESG Rating Divergence and Investment-to-Price Sensitivity	11
Does China’s Existing Regional Knowledge Base Stimulate or Hinder Diversification into FinTech: The Role of Local ICTs Base	11
Local Institutional Investors and Corporate Monitoring: Evidence from Cross-Listed Korean Stocks in the US Market	11
The Impact of Executive External Pay Disparity on Enterprise Innovation: Evidence from Mixed-Ownership Enterprises in China	11
From an Emerging to a Consolidated European REIT Market. The Case of the Underpricing of Spanish Direct Listing REITs	11
The Impact of Interfirm Cooperative R&D on Firm Performance: Evidence from Chinese Publicly Listed Companies	11
Corporate Misconduct and Analyst Forecasting Accuracy: Evidence from China	11
Macroeconomic News and Risk Exposure to Foreign Exchange Rate Evidence from Chinese Listed Firms	11
The Role of Non-Managerial Inside Debt in Firm Risk and the Cost of Debt	11
Returns on Education in the Digital Economy: Evidence from Flexible Workers	11
Research on the Trust-Driven Mechanism of Enterprises’ Intellectual Property Cooperation Optimization in China	11
Home Bias: How Has It Affected the Border Effects of China’s Trade?	10
The Impact of Climate Change Factors on Financial Markets: Evidence from China	10
Climate-Induced Disasters, Risk Resilience and Firm Performance	10
Global Shocks and Monetary Policy Transmission in Emerging Markets	10
Managerial Overconfidence and Stock Price Crash Risk: Evidence from China	10
Fading Digital Ambitions: Population Aging and the Transformation of Corporate Digital Strategy in China	10
The Inverted U-Shaped Relationship Between AI and Job Satisfaction: Empirical Evidence from China’s CLDS Microdata	10
How Does FDI Affect Cities’ Low-Carbon Innovation? The Moderation Effect of Smart City Development	10
Pricing the Pandemic: Evidence from the Bond Market in China	10
Institutional Investor Networks and ESG Performance: Evidence from China	10
The Relationship between Physical Financing and Formal Financing from the Perspective of Contractual Arrangements in Rural China	10
The Nonlinear Impact of Environmental Regulation on Industrial Green Total Factor Productivity: A Moderating Effect Based on Environmental Decentralization	10
International Evidence on the Interest Rate Effect in Dynamic IS Curves	9
Can Corporate Environmental Social Responsibility and Financial Performance Achieve a Win-win Situation in China? -From the Perspective of Executive Social Capital	9
How Does Digital Financial Inclusion Affect Energy Usage? Evidence from Prefecture-Level Cities in China	9
Effects of Country and Geopolitical Risks on Income Inequality: Evidence from Emerging Economies	9
Climate Change Shocks and Credit Risk of Financial Institutions: Evidence from China’s Commercial Banks	9
Mixed Ownership Reform, Government Intervention, and Earnings Quality: Empirical Evidence from Pilot Enterprises in China	9
Exchange Rate Fluctuations and the Quality of Products Imported by Chinese Manufacturing Firms	9
Climate Change and Corporate Leverage Manipulation: Evidence from China	9
Digital Finance and the Efficiency of Household Investment Portfolios	9
The Impact of Digital Finance on the Survival and Growth of SMEs: Evidence from China	9
Disagreement Motivated Trading: The Bright Side of Share Pledges	9
Firm Innovation and Employment in South Africa: Examining the Role of Export Participation and Innovation Novelty	9
The Magnet Effect of Price Limits: An Agent-Based Approach	9
Geopolitical Risk and China’s Crude Oil Futures: An Empirical Study Based on the Cross-Quantilogram Approach	9
Financial Constraints and Firm Innovation Decision: The Roles of Corporate Governance and Risk Diversification	9
Analysis of the non-linear relationship between Interest Rate Distortions in China’s Shadow Banking System and short-term Capital Flows	8
How Does Organization Capital Alleviate SMEs’ Financial Constraints? Evidence from China	8
Environmental Violations and Stock Price Crash Risk: Evidence from Chinese Listed Heavily Polluting Companies	8
Insider Sales and Corporate Bond Yield Spread: Evidence from China	8
Fund Flows, Stock Markets, and Economic Policy Uncertainty: From the Perspective a CIVET Nation	8
Does Private Means Better? A Water and Sanitation Quasi-Experimental Design	8
Short Selling and Total-Factor Productivity: Evidence from a Quasi-Natural Experiment in China	8
The Coupling and Coordination Between Digital Economy and Green Economy: Evidence from China	8
Mandatory Resignation of Politician-Directors and Company Violations: Evidence from China	8
Commonalities in the Movements of Inflation Rates among Countries in the East African Community	8
Corporate Private Information and Credit Ratings: Evidence from Corporate Geographic Distance	8
Geopolitical Risk and Exchange Rate Returns in Asia	8
Institutional Investors and Corporate Social Responsibility: Evidence from China	8
Leading to Common Prosperity: Does Digital Transformation Help Promote Corporate Philanthropy?	8
Interconnected Horizons: ASEAN’s Journey in the Global Semiconductor Trade Network Amidst the COVID-19 Pandemic and Supply Chain Realignments	8
Launching Prosocial Crowdfunding Campaigns: The Final Countdown	8
Application of Event Study Methodology in the Analysis of Cryptocurrency Returns	8
The Impact of Extreme Weather Events on Income Inequality: Global Evidence	8
Can and How Government Environmental Attention Curb Greenwashing? An Empirical Study of Chinese-Listed Firms	8
The Impact of Corporate Public Market Share Repurchases on Capital Market Information Efficiency	8
COVID-19, Supply Chain Breakdowns, and Firm Value	7

An Investigation of the Nonlinear and Asymmetric Spillover Effects of U.S. Economic Policy Uncertainty on Bond Return Volatility of Emerging Markets	7
Research on the Impact of Corporate Social Responsibility on Sustainable Performance: A Multi-dimensional Balance Perspective	7
Capital Market Opening and ESG Performance	7
Performance Shortfall, Executive Social Relations and the Choice Between Shared and Full Control for New Overseas Entries	7
Exposure to Credit Risk Spillovers and Corporate Earnings Management	7
Digital Transformation and Enterprise Output Volatility: Evidence from China	7
Impact of Managerial Discretion “Stranglehold” on Enterprises Investment Efficiency: Based on Heterogeneous Stochastic Frontier Model	7
Pandemics, Local Institutional Quality, and Corporate Dividend Policy	7
Cost of Equity Capital and Annual Report Tone Manipulation	7
Efficiency in the Early Stages of Carbon Markets: The Case of the Korean Emissions Trading Scheme	7
Measuring the Level of Regional Economic Synergistic Development and Its Driving Factors	7
The Impact of Digital Trade on Economic Growth and Its Mechanism: Evidence from 60 Countries	7
Foreign Institutional Investors and Corporate Green Innovation: Evidence from an Emerging Economy	7
Narcissism and Cost of Debt: Evidence from Signature Size Data in China	7
Influence of Economic and Financial Openness in Urban Agglomerations of Major Bay Areas	7
How Does Analyst Coverage Influence Corporate Leverage Adjustment: Evidence from China	7
The Information Role of Investors’ Site Visits in Management Forecasts	7
Digital Innovation and Core Competence of Manufacturing Industry: Moderating Role of Absorptive Capacity	7
Can Government Venture Capital Restrict Strategic Limited Partners from Intervening in Fund Decisions? Evidence from China	7
Electricity Quality Emergency Investment with a Bargaining Contract in the Electricity Supply Chain under the COVID-19 Pandemic	7
Heterogeneity in the Effect of Environmental Protection Expenditure in China: Causal Inference from Machine Learning	7
The Role of Spot Market Volatility in Industry Chain Risk Spillovers: A Dynamic Analysis of China’s Lithium Market	7
Diversified Environmental Governance Supervision and Green Transformation: Evidence from High-Polluting Companies in China	7
Does Government’s Attention to Green Development Promote Enterprise Green Transition? Evidence from China	7
Corporate Financial Portfolio and Distress Risk: Forewarned is Forearmed	7
Air Pollution and Media Slant: Evidence from Chinese Corporate News	7
Effect of China’s Outward Foreign Direct Investment in Portuguese-Speaking Countries on Its Bilateral Trade	7
Spillover Effects of the Registration-Based IPO Reform on Analyst Earnings Forecast Quality	7
The Effects of Zombie Firms on the Financial Information Transparency of Other Firms	7
A Barometer of Climate Change: Does the US–China Tension Exacerbate Its Risks?	7
Does Digital Transformation Affect Earnings Management Choices?	7
Nineteen Years of Emerging Markets Finance and Trade: A Bibliometric Analysis	7
Influencing Mechanism of Human Resource Management Strength on Creative Self-Efficacy: A Dual-Moderation Model	7
Does the Audit Committee Moderate the Effects of non-interest Activities on Bank Risks in China?	7
The Nexus Between Monetary Policy, Innovation Efficiency, and Total Factor Productivity-Evidence from Global Panel Data	7
Blockchain Development and Corporate Performance in China: The Role of Ownership	7
Penalties Against Interlocking Companies and Capital Structure Adjustment of Observing Companies	7
Impact of Conventional and Unconventional Monetary Policy on Correlations Across Financial Markets: Evidence from an Emerging Economy	7
The Realistic Way to the Decoupling of Carbon Dioxide Emissions from Economic Growth in China’s Service Sector	6
Information Security Governance and Stock Price Synchronization: Evidence from ISO27001 Certification of Internet Firms	6
The Effects of Low-Carbon Governance on Energy-Environmental Efficiency: Evidence from China’s Low-Carbon City Pilot Policy	6
Social Credit System Reform and Commercial Insurance Purchase: Evidence from China	6
Nexus between Green Finance and Renewable Energy Development in China	6
The Effects of the Digital Transformation on Firm’s Trade Credit: Evidence from China	6
Green Credit Policies and Corporate Green Innovation: An Empirical Study Based on A-Share Listed Companies	6
Foreign Experienced CEOs’ and Financial Statement Comparability	6
The Impact of Economic Freedom on Bank Loan Spreads: Evidence from the Financial Crisis	6
Being Friendly Directors: Board Co-option and Labor Investment Efficiency	6
Distance and Financial Connection: Dynamics in Private Firms’ Bank Loan Availability	6
Can the Belt and Road Initiative Promote the Dezombification of Firms?	6
Can Digital Transformation Facilitate Firms’ M&A: Empirical Discovery Based on Machine Learning	6
Intellectual Property Protection, Financial Innovation and Corporate Innovation: Evidence from a Quasi-Natural Experiment in China	6
ESG Disclosure and Corporate Payroll Tax Compliance	6
Does Social Trust Affect Analysts’ Forecast? Evidence from China	6
Decoding the Voice: Media Variations in EPU and Foreign Capital Dynamics	6
Pension Fund Trading Behavior and the Index Inclusion: Evidence from the Korean Stock Market	6
Ownership Structure, Diversification, and Bank Performance: International Evidence	6
The COVID-19 Pandemic and Chinese Insurance Firms: A Panel Predictability Analysis	6
Central Bank Communication and Leverage Differentiation of Non-Financial Enterprises	6
Green Manufacturing Lists and Firms’ Green and Low-Carbon Technological Innovation: Evidence from China	6
The Negative Effect of Regional Banking Competition on Audit Quality: Evidence from China	6
An Analysis of The Distortive Effect of Environmental Policy Stringency on Physical Trade Balance for Fossil Fuels in China	6
Does ESG Performance Affect Firm Risk? Evidence from China	6
Can High-Quality Interactions Reduce the Regulatory Inquiries Received by Firms? Evidence from Interactive Investor Platforms in China	6
Can CFOs Serving as Board Secretaries Improve Management Earnings Forecast Quality?	6
Analyzing Price Rigidity and Price Convergence in the Services Sector of Sri Lanka	6
Government Intervention and Debt Financing Costs: Evidence from Government-Guided Funds	6
Measuring the International Influence of the RMB and its Regional Heterogeneity: Theory and Evidence from the Global FX Market Network	6
Religiosity and Carbon Emissions: International Evidence	6
The Macroeconomic Costs of SOE Default	6
Climate Risk Disclosure and Pricing Efficiency: A Textual Analysis	5
Exploring the Relationship Between Digital Technology and Carbon Unlocking Capacity in Chinese Coal-Based Cities	5
Is ‘Common Prosperity’ Badly Needed in Mainland China? Evidence on the Variance Convergence of Per-Capita GDP among 31 Cities and Provinces	5
ESG Rating Dispersion and Expected Stock Return in China	5
Country-Level Institutions and Transparency of Directors’ Information Disclosure: The Role of the Labor Market	5
Research on the Influence of Constructing National Innovation Demonstration Zone on Urban Innovation Level in China	5
The Dark Side of Chinese Time-Honored Brands: Evidence from Earnings Opacity	5
Does Fintech Foster the Development of Green Finance?	5
How Property Rights Affect Firm’s Labor Investment Efficiency? Evidence from a Property Law Enactment in China	5
How Does Exogenous Shock Change the Structure of Interbank Network?: Evidence from China under COVID-19	5
Signing Auditors’ Red Origin and Audit Quality	5
The Impact of Urbanization on CO2 Emissions in China: The Key Role of Foreign Direct Investment	5
Does Information Blocking on Internet Matter Corporate Over-Investment: Evidence from a Quasi-Natural Experiment in China	5
Capital Regulation Reforms and Bank Risk-Taking in China	5
Destination Financial Stress and Export Performance: Firm-Level Evidence from China	5
Does ESG Screening Enhance or Destroy Stock Portfolio Value? Evidence from China	5
Do Different Credit Flows Affect the Current Account Differently? Evidence from Emerging Economies	5
Beyond the Core: Pollution Dynamics in Peripheral Cities Amidst Deepening Functional Division in Urban Agglomerations	5
Is Goodwill Attritional? Survival Analysis of the M&A Goodwill of A-Share Listed Company from 2007 to 2017	5
Cultural Heterogeneity of Top Management Teams, Cross-Border Acquisitions, and Financial Performance of Chinese Publicly Listed Companies	5
Monetary Policy Shocks, Investor Sentiment, and Stock Returns: Firm-Level Evidence from China	5
Global Value Chains and Systemic Risk: Evidence from China and the G7 Countries	5
Institutional Investors’ Green Activism and Corporate Green Innovation: Based on the Behind-Scene Communications	5
Does Economic Policy Uncertainty Affect Green Bond Markets? Evidence from Wavelet-Based Quantile Analysis	5
What is an Optimal Allocation in Hong Kong Stock, Real Estate, and Money Markets: An Individual Asset, Efficient Frontier Portfolios, or a Naïve Portfolio? Is This a New Financial Anomaly?	5