This paper evaluates the short-term impact of the coronavirus outbreak on 21 leading stock market indices in major affected countries including Japan, Korea, Singapore, the USA, Germany, Italy, and the UK etc. The consequences of infectious disease are considerable and have been directly affecting stock markets worldwide. Using an event study method, our results indicate that the stock markets in major affected countries and areas fell quickly after the virus outbreak. Countries in Asia experienced more negative abnormal returns as compared to other countries. Further panel fixed effect regressions also support the adverse effect of COVID-19 confirmed cases on stock indices abnormal returns through an effective channel by adding up investors' pessimistic sentiment on future returns and fears of uncertainties.

No abstract

Prior studies on the experiences of international students in China have mostly focused on their academic, sociocultural, and accommodation experiences. Hence, student health and safety, discrimination, and the services by the International Student Office (ISO) have remained unexplored. Moreover, due to the motivational differences between the students from developing and developed regions, a study that samples students from both regions may depict an exact picture of the experience of international students. Therefore, the objective of this study is to examine the influence of the dimensions (including those dimensions that have been ignored) of the experience of international students on their satisfaction. In addition, we make recommendations regarding Chinese institutes for future students based on a comparison between the students from developing and developed regions. Using hierarchical regression analysis, this study reveals that educational and non-educational experiences vary among students from different regions. Therefore, based on developing (e.g., Asia and Africa) and developed (e.g., America, Europe, and Australia) regions, important recommendations are discussed regarding how educational institutions and the Chinese government could best allocate resources and introduce policies to improve the experience of international students.

Based on the stakeholder theory, this study investigates the relationship between green innovation and supply chain financing using the data of 3490 Chinese listed firms from 2012 to 2019. The results show that green innovation of firms could promote their supply chain financing. And the channel mechanism test indicates that green innovation could improve the peer recognition gained by firms from the industry, thus it would be more convenient for green-oriented firms to obtain financing along the supply chain, especially SOEs. Moreover, after launch of the Green Credit Guideline, the positive relationship between green innovation and supply chain financing became more significant. These findings remain consistent after robustness tests including instrumental variables (IV), propensity score matching (PSM) and replacing variable metrics. Further results present that green innovation in non-heavy pollution firms and firms with high-level environmental disclosure can significantly benefit supply chain financing. Our findings have important implications on how firms’ green efforts affect their short-time financing ability through the supply chain.