Results 31 to 40 of about 82,036 (45)
Some of the next articles are maybe not open access.
Targeting High Ability Entrepreneurs Using Community Information: Mechanism Design in the Field
The American Economic Review, 2022Identifying high-growth microentrepreneurs in low-income countries remains a challenge due to a scarcity of verifiable information. With a cash grant experiment in India we demonstrate that community knowledge can help target high-growth ...
Reshmaan N. Hussam +2 more
semanticscholar +1 more source
When Losses Turn into Loans: The Cost of Weak Banks
The American Economic Review, 2023We provide evidence that banks distort the composition of credit supply in order to comply with ratio-based capital requirements in times of economic distress.
Laura Blattner +2 more
semanticscholar +1 more source
SOEs and Soft Incentive Constraints in State Bank Lending
American Economic Journal: Economic Policy, 2023We study how Chinese state bank managers’ lending incentives impact lending to state-owned enterprises (SOEs). We show lending quantity increases and quality decreases at month’s end, indicating monthly lending targets that decrease lending standards ...
semanticscholar +1 more source
How to Use Natural Experiments to Estimate Misallocation
The American Economic Review, 2023We propose a method to estimate the effect of firm policies (e.g., bankruptcy laws) on allocative efficiency using (quasi-)experimental evidence. Our approach takes general equilibrium effects into account and requires neither a structural estimation nor
David Sraer, D. Thesmar
semanticscholar +1 more source
Institutional Corporate Bond Pricing
The Review of financial studiesWe propose an equilibrium corporate bond pricing model that accommodates the heterogeneity in institutional investors’ preferences and mandates in an empirically tractable way.
Lorenzo Bretscher +3 more
semanticscholar +1 more source
Gender Differences in Financial Advice
The American Economic ReviewBased on data gathered from 27,000 real-world meetings between financial advisors and clients of a large German bank, we show that advisors offer more self-serving advice to women, while men are more likely to receive sales fee rebates and less likely to
Tabea Bucher-Koenen +3 more
semanticscholar +1 more source
Expected Losses, Unexpected Costs? Evidence from SME Credit Access under IFRS 9
Accounting ReviewThis paper examines lending effects of European banks switching to an expected credit loss (ECL) model under IFRS 9. I find evidence that ECL transition deteriorates the credit landscape for SMEs—as risky, opaque, and bank-dependent borrowers. Post-ECL,
Aytekin Ertan
semanticscholar +1 more source
Public Liquidity and Financial Crises
American Economic Journal: MacroeconomicsThis paper studies the equilibrium effect of public liquidity on financial crises. Banks borrow from households via insured deposits and partially runnable debt and suffer endogenous funding withdrawals from households in crises. Holding public liquidity
Wenhao Li
semanticscholar +1 more source
American Economic Journal: Economic Policy
In this study, we examine the broader economic effects of the US federal government’s Paycheck Protection Program by focusing on the performance of securitized commercial mortgages.
Sumit Agarwal +3 more
semanticscholar +1 more source
In this study, we examine the broader economic effects of the US federal government’s Paycheck Protection Program by focusing on the performance of securitized commercial mortgages.
Sumit Agarwal +3 more
semanticscholar +1 more source
Concentration and Geographic Proximity in Antitrust Policy: Evidence from Bank Mergers
Social Science Research NetworkAntitrust often uses the Herfindahl-Hirschman Index (HHI) for merger screening and review. We argue that HHI-based antitrust policy using predefined markets in the banking industry misses anticompetitive effects that are predicted by the proximity of ...
David Benson +4 more
semanticscholar +1 more source