.../implications Despite being less susceptible to exchange rate shocks, China has reciprocally become prone to international spillover effects of stocks and hence, exhibiting high stock volatility. The international co-movement of stocks is driven by the fear of investors of possible systemic risks in the global...

...Jie Cao; Si Xie; Xiong Xiong; Zhongyang Zou; Xu Gong Purpose The main purpose of this study is to examine the effect of corporate social responsibility (CSR) on firms’ systemic risk. Additionally, it explores the potential channels through which CSR reduces systemic risk and tests the effects...

...Wenbo Ma; Kai Li; Wei-Fong Pan; Xinjie Wang Purpose The purpose of this paper is to construct an index for systemic risk in China. Design/methodology/approach This paper develops a systemic risk index for China (SRIC) using textual information from 26 leading newspapers in China. Our index...

...Qing Liu; Yun Feng; Mengxia Xu Purpose This paper aims to investigate whether the establishment of commodity futures can effectively hedge systemic risk in the spot network, given the context of financialization in the commodity futures market. Design/methodology/approach Utilizing industry...