... – EPU relationship becomes negative. The results suggest that policy uncertainty has both the bright side and the dark side where too many cooks eventually spoil the broth. Financial economics Macroeconomic policy G30 G38 Our main contribution to the literature is threefolds. First...

... Ownership concentration Financial risk and risk management Corporate finance and governance State-owned enterprises G30 Chief executive officer (CEO) is the top executive of a firm, who is responsible for running the business and reducing the uncertainty in corporate environment. However...

... policies and behavior of economic agents Future profitability M41 M11 G30 L10 Long-term performance may, for example, be negatively impacted by: temporary price discounts or more lenient credit terms that lower margins on future sales; reductions in valuable investments in research...

... monitoring Loan announcement returns G20 G21 G30 G32 The univariate analysis shows, except for loan yield and capital ratio, the abnormal returns for bank loan announcements are greater when the lender characteristic is above the median value. However, the only significant difference...