Results 21 to 30 of about 72,611 (40)
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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 ...
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Whatever it Takes? The Impact of Conditional Policy Promises
Social Science Research Network, 2023At the announcement of a new policy, agents form a view of state-contingent policy actions and impact. We develop a method to estimate this state-contingent perception and implement it for many asset-purchase interventions worldwide.
Valentin Haddad +2 more
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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
D. Sraer, D. Thesmar
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Social Science Research Network, 2023
Using cross-border holding data from all custodians in China’s Stock Connect, we provide evidence that Chinese mainland insiders tend to evade the see-through surveillance by round-tripping via the Stock Connect program.
Zhiguo He, Yuehan Wang, Xiaoquan Zhu
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Using cross-border holding data from all custodians in China’s Stock Connect, we provide evidence that Chinese mainland insiders tend to evade the see-through surveillance by round-tripping via the Stock Connect program.
Zhiguo He, Yuehan Wang, Xiaoquan Zhu
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Optimal Reporting Systems in Bank Runs
Accounting Review, 2023We study the role of reporting systems in the context of bank runs. In our model, a bank receives an early but imprecise estimate of its investment performance, and its financial reporting system generates a report.
Gaoqing Zhang, Ronghuo Zheng
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COVID-19 and Corporate Finance
Social Science Research Network, 2022We distill evidence about the effects of COVID-19 on companies. Stock price reactions to the shock differed greatly across firms, depending on their resilience to social distancing, financial flexibility, and corporate culture. The same characteristics
M. Pagano, J. Zechner
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Journal of Emerging Market Finance, 2023
The aim of this study is to examine the role of disciplinary tools, that is, capital adequacy requirement and market discipline in maintaining the banks’ performance and financial stability.
Anjali Sain, Smita Kashiramka
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The aim of this study is to examine the role of disciplinary tools, that is, capital adequacy requirement and market discipline in maintaining the banks’ performance and financial stability.
Anjali Sain, Smita Kashiramka
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Social Science Research Network, 2023
Using comprehensive mortgage-level data, we discover that the social capital of the community in which households live positively influences the likelihood their mortgage applications are approved, the terms of approved mortgages, and the subsequent ...
Xudong An +4 more
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Using comprehensive mortgage-level data, we discover that the social capital of the community in which households live positively influences the likelihood their mortgage applications are approved, the terms of approved mortgages, and the subsequent ...
Xudong An +4 more
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Communs et biens publics mondiaux
Revue d économie financière, 2023À la traditionnelle partition entre biens publics et privés, les communs ajoutent une nouvelle dimension : celle des ressources, matérielles ou non, que nous pouvons partager et qui sont vulnérables à l'appropriation privée non régulée.
G. Giraud
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The Disciplining Effect of Supervisory Scrutiny in the EU-wide Stress Test
Social Science Research Network, 2021Using a difference-in-differences approach and relying on confidential supervisory data and an unique proprietary data set available at the European Central Bank related to the 2016 EU-wide stress test, this paper presents novel empirical evidence that ...
C. K. Sørensen +3 more
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