| Using data on Malaysian listed firms, this study offers new evidence on how China–US trade propagates to bystander countries. |
| Using data on Malaysian listed firms, this study offers new evidence on how China–US trade propagates to bystander countries. By employing textual analysis and the Difference-in-Difference method, we find that Malaysian firms exposed to the trade war, especially firms with more investments and exports to either China or America, experience higher uncertainty shocks. Trade war-related uncertainty leads to declines in firm revenues, profits and exports. |
