This study empirically investigates whether and how the COVID-19 pandemic affects
corporate financial asset holdings. We find that firms with higher pandemic exposure are …

This paper investigates whether and how the COVID-19 pandemic affects bank funding
costs in China. We find a significantly positive relationship between the offering yield …

This paper studies how the Chinese stock market reacts to new COVID-19 infections under
the zero-COVID policy. Consistent with the literature, we find that a COVID-19 outbreak …

Taking the first bond defaults in each province in China as credit events, we adopt a
staggered difference-in-difference model and find that credit spreads of other corporate …

This study investigates the influence of economic policy uncertainty on municipal corporate
bonds credit spreads in China using data from 2010 to 2022. We find a significant negative …

In China, inadequate cross-regional investment is a challenge. Our study uses the no-
bailout reform initiated in China in 2014 to test whether market-oriented reforms of this type …

Exploiting a comprehensive dataset of negotiable certificates of deposit (NCDs) issued by
city commercial banks in the Chinese interbank market, we document a geographic risk …