We examine the US stock market reaction to the World Health Organization's announcement
declaring COVID-19 a global health emergency, with a focus on firms' international …

This paper is the result of a crowdsourced effort to surface perspectives on the present and
future direction of international finance. The authors are researchers in financial economics …

This study exploits the incomplete participation requirements of the European Union
Emissions Trading System (EU ETS) to investigate the policy's causal effect on outward …

Carbon leakage caused by unbalanced climate policy constraints seriously damages the
process of global climate governance. As far as developing countries are concerned, carbon …

A key question is why many multinational firms forgo foreign exchange derivative (FX)
hedging and instead use operational hedging. We propose an explanation based on …

This paper investigates the foreign exchange rate exposure and its determinants using the
data of all firms listed on the Chinese stock market from 2005 to 2018. We find significantly …

This paper investigates the causal effect of the RMB exchange rate expectation uncertainty
on corporate cross-border mergers and acquisitions (M&As) using China's A-share listed …

Although the major part of literature on foreign direct investment FDI is largely based on the
assumption of imperfections in goods and factor markets, a small but growing literature has …

This study examines whether board attributes determine firms' exchange rate risk by
influencing their hedging activities. Prior literature demonstrates that strong corporate …

This study examines the effect of foreign debt use on the reduction in foreign exchange rate
risk between multinational enterprises (MNEs) and exporting firms. We use manufacturing …