In this paper, we investigate China's changing financial interconnectedness via the
presence of Granger-causality between firm level factors (Leverage, Market To Book Value …

We empirically evaluate how accounting and financial variables affect the level of systemic
risk in traditional and shadow banks, and in real estate finance services in China over the …

Shadow banking in developing and emerging countries (DECs) oscillates between two
semantic poles. One definition is typically deployed by scholars for the narrow analysis of …

In this paper, we investigate the relationship between balance sheet size and leverage (ie,
leverage pro-cyclicality) and the pro-cyclicality of systemic risk using three systemic risk …

The hybridization of socialist state control with increasingly complex financial markets has
generated unusual features in China's financial regulatory regime. Using the 2015–2016 …

We examine the evolution and factors of systemic risk in the Chinese banking sector over
the last decade from the perspective of domestic and international investors. We apply the …

The aim of this paper is to analyze the impact of the digital transformation of banks on their
systemic risks. We find that the digital transformation of commercial banks can significantly …

This research investigates the effects of shadow banking on the relation between capital and
liquidity creation in China's banking industry. We consider three trust beneficiary rights as …

This study investigates whether independent directors who are valued by their firms
enhance firm performance. We develop improved metrics to build on the new notion of …

This study provides an updated analysis of Chinese trust funds—a specialized and
important type of shadow banking. This study is the first to estimate the contribution of …