Misallocation reduces total factor productivity and economic growth, implying substantial adversewelfare effects Misa

We analyze capital structure dynamics of publicly held firms within the context of endogenouslydetermined payout po

In this paper, we relax the underlying assumption of complete information in Rosen-Robacktheory and study the role

This study investigates whether economic policy uncertainty (EPU) magnifies peer effects in corporate investment in China and the economic mechanisms through which EPU may act upon this property We examine this relationship by analysing a large sample of

Firms may want to diversify earnings risk for workers However, firms themselves may be subjectto financial fricti

Based on administrative data from Statistics Norway, we find economically significant shifts inhouseholds’ fina

Problem definition: This paper studies an entrepreneur’s pricing strategy in a reward-basedcrowdfunding campaign

This paper examines how the coordination of venture capital (VC) investors in their syndicates, asmeasured by thei

To understand whether and how movements of government debt and household debt are related, stationary equilibrium

Firms reduce investment when facing downward wage rigidity (DWR), the inability or unwillingness to adjust wages d