NATIONAL BUREAU OF ECONOMIC RESEARCH
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NBER Papers on Corporate Finance Program

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2020
w26762 Isil Erel
Yeejin Jang
Michael S. Weisbach

The Corporate Finance of Multinational Firms
w26755 Gregory Brown
Robert S. Harris
Wendy Hu
Tim Jenkinson
Steven N. Kaplan
David T. Robinson

Can Investors Time Their Exposure to Private Equity?
w26739 Adair Morse
Karen Pence

Technological Innovation and Discrimination in Household Finance
w26717 Sabrina T. Howell
J. David Brown

Do Cash Windfalls Affect Wages? Evidence from R&D Grants to Small Firms
w26714 Murillo Campello
Gustavo S. Cortes
Fabricio d'Almeida
Gaurav Kankanhalli

Global Effects of the Brexit Referendum: Evidence from US Corporations
w26710 Christoffer Koch
Gary Richardson
Patrick Van Horn

Countercyclical Capital Buffers: A Cautionary Tale
w26689 Anil K. Kashyap
Dimitrios P. Tsomocos
Alexandros P. Vardoulakis

Optimal Bank Regulation In the Presence of Credit and Run-Risk
w26686 Timothy J. Besley
Isabelle A. Roland
John Van Reenen

The Aggregate Consequences of Default Risk: Evidence from Firm-level Data
w26678 Qing Hu
Ross Levine
Chen Lin
Mingzhu Tai

Finance and Children's Academic Performance
w26663 Gary B. Gorton
Private Money Production without Banks
w26645 Bronson Argyle
Taylor D. Nadauld
Christopher Palmer

Real Effects of Search Frictions in Consumer Credit Markets
w26637 Efraim Benmelech
Nitish Kumar
Raghuram Rajan

The Decline of Secured Debt
w26628 Andrew B. Abel
Stavros Panageas

Precautionary Saving in a Financially-Constrained Firm
w26609 Tarek Alexander Hassan
Stephan Hollander
Laurence van Lent
Ahmed Tahoun

The Global Impact of Brexit Uncertainty
w26608 Mark L. Egan
Alexander MacKay
Hanbin Yang

Recovering Investor Expectations from Demand for Index Funds
2019
w26582 Brad M. Barber
Adair Morse
Ayako Yasuda

Impact Investing
w26564 Viral V. Acharya
Nirupama Kulkarni

Government Guarantees and Bank Vulnerability during a Crisis: Evidence from an Emerging Market
w26549 Lubos Pastor
Robert F. Stambaugh
Lucian A. Taylor

Sustainable Investing in Equilibrium
w26545 Hui Tong
Shang-Jin Wei

Endogenous Corporate Leverage Response to a Safer Macro Environment: The Case of Foreign Exchange Reserve Accumulation
w26543 Lucian A. Bebchuk
Scott Hirst

Index Funds and the Future of Corporate Governance: Theory, Evidence, and Policy
w26538 Lu Zhang
Q-factors and Investment CAPM
w26523 Sudheer Chava
Alexander Oettl
Manpreet Singh

Does a One-Size-Fits-All Minimum Wage Cause Financial Stress for Small Businesses?
w26520 Hui Chen
Zhuo Chen
Zhiguo He
Jinyu Liu
Rengming Xie

Pledgeability and Asset Prices: Evidence from the Chinese Corporate Bond Markets
w26519 Simon Jäger
Benjamin Schoefer
Jörg Heining

Labor in the Boardroom
w26514 Arpit Gupta
Stijn Van Nieuwerburgh

Valuing Private Equity Strip by Strip
w26501 Gabriel Chodorow-Reich
Regional Data in Macroeconomics: Some Advice for Practitioners
w26495 Joseph J. French
Ryosuke Fujitani
Yukihiro Yasuda

Does Stock Market Listing Impact Investment in Japan?
w26494 Zhiguo He
Paymon Khorrami
Zhaogang Song

Commonality in Credit Spread Changes: Dealer Inventory and Intermediary Distress
w26493 Alexander M. Chinco
Andreas Neuhierl
Michael Weber

Estimating The Anomaly Base Rate
w26486 Sabrina T. Howell
Filippo Mezzanotti

Financing Entrepreneurship through the Tax Code: Angel Investor Tax Credits
w26479 Viral V. Acharya
Björn Imbierowicz
Sascha Steffen
Daniel Teichmann

Does the Lack of Financial Stability Impair the Transmission of Monetary Policy?
w26475 Natasha Sarin
Lawrence H. Summers

Shrinking the Tax Gap: Approaches and Revenue Potential
w26471 Viral V. Acharya
Guillaume Plantin

Monetary Easing, Leveraged Payouts and Lack of Investment
w26458 Sergey Chernenko
Isil Erel
Robert Prilmeier

Nonbank Lending
w26457 Zhenyu Gao
Michael Sockin
Wei Xiong

Economic Consequences of Housing Speculation
w26449 Sabrina T. Howell
Ramana Nanda

Networking Frictions in Venture Capital, and the Gender Gap in Entrepreneurship
w26446 Kenichi Ueda
Somnath Sharma

Listing Advantages Around the World
w26441 Chen Lin
Thomas Schmid
Michael S. Weisbach

Climate Change, Operating Flexibility and Corporate Investment Decisions
w26423 Huaizhi Chen
Lauren Cohen
Umit Gurun

Don't Take Their Word For It: The Misclassification of Bond Mutual Funds
w26392 Stephen G. Dimmock
Jiekun Huang
Scott J. Weisbenner

Give Me Your Tired, Your Poor, Your High-Skilled Labor: H-1B Lottery Outcomes and Entrepreneurial Success
w26372 Hang Bai
Erica X.N. Li
Chen Xue
Lu Zhang

Does Costly Reversibility Matter for U.S. Public Firms?
w26371 Steven J. Davis
John C. Haltiwanger
Kyle Handley
Ben Lipsius
Josh Lerner
Javier Miranda

The Economic Effects of Private Equity Buyouts
w26370 Itzhak Ben-David
Francesco Franzoni
Rabih Moussawi

An Improved Method to Predict Assignment of Stocks into Russell Indexes
w26346 Abhijit Banerjee
Emily Breza
Esther Duflo
Cynthia Kinnan

Can Microfinance Unlock a Poverty Trap for Some Entrepreneurs?
w26344 Charles W. Calomiris
Yehuda Izhakian
Jaime F. Zender

Underwriter Certification, Issuer-Underwriter Matching, and SEO Performance
w26337 Guillermo Ordoñez
Facundo Piguillem

Retirement in the Shadow (Banking)
w26330 Thomas Philippon
On Fintech and Financial Inclusion
w26317 Michael Ewens
Joan Farre-Mensa

The Deregulation of the Private Equity Markets and the Decline in IPOs
w26312 René M. Stulz
FinTech, BigTech, and the Future of Banks
w26300 Markus K. Brunnermeier
Harold James
Jean-Pierre Landau

The Digitalization of Money
w26298 Jason R. Donaldson
Giorgia Piacentino

Money Runs
w26291 Matthias Breuer
Christian Leuz
Steven Vanhaverbeke

Mandated Financial Reporting and Corporate Innovation
w26284 Fatih Guvenen
Gueorgui Kambourov
Burhanettin Kuruscu
Sergio Ocampo-Diaz
Daphne Chen

Use It or Lose It: Efficiency Gains from Wealth Taxation
w26275 Thomas Hellmann
Ilona Mostipan
Nir Vulkan

Be Careful What You Ask For: Fundraising Strategies in Equity Crowdfunding
w26274 Qianqian Du
Thomas F. Hellmann

Getting Tired of Your Friends: The Dynamics of Venture Capital Relationships
w26265 Richard Holden
Anup Malani

The ICO Paradox: Transactions Costs, Token Velocity, and Token Value
w26254 Tal Gross
Raymond Kluender
Feng Liu
Matthew J. Notowidigdo
Jialan Wang

The Economic Consequences of Bankruptcy Reform
w26245 David Frydlinger
Oliver D. Hart

Overcoming Contractual Incompleteness: The Role of Guiding Principles
w26237 Francesco D’Acunto
Ulrike Malmendier
Juan Ospina
Michael Weber

Exposure to Daily Price Changes and Inflation Expectations
w26229 Markus K. Brunnermeier
Ricardo Reis

A Crash Course on the Euro Crisis
w26183 Stefan Gissler
Rodney Ramcharan
Edison Yu

The Effects of Competition in Consumer Credit Market
w26171 Lucian A. Bebchuk
Alon Brav
Wei Jiang
Thomas Keusch

Dancing With Activists
w26169 Hans B. Christensen
Luzi Hail
Christian Leuz

Adoption of CSR and Sustainability Reporting Standards: Economic Analysis and Review
w26163 Lei Li
Elena Loutskina
Philip E. Strahan

Deposit Market Power, Funding Stability and Long-Term Credit
w26155 Jason Roderick Donaldson
Nadya Malenko
Giorgia Piacentino

Deadlock on the Board
w26147 Marco Di Maggio
Mark L. Egan
Francesco Franzoni

The Value of Intermediation in the Stock Market
w26115 Michael Ewens
Alexander S. Gorbenko
Arthur Korteweg

Venture Capital Contracts
w26109 Joshua Schwartzstein
Adi Sunderam

Using Models to Persuade
w26105 Ivo Welch
Simpler Better Market Betas
w26074 Tri Vi Dang
Gary B. Gorton
Bengt R. Holmstrom

The Information View of Financial Crises
w26062 Justin Birru
Sinan Gokkaya
Xi Liu
René M. Stulz

Are Analyst Trade Ideas Valuable?
w26060 Kewei Hou
Haitao Mo
Chen Xue
Lu Zhang

Security Analysis: An Investment Perspective
w26029 Michael Bailey
Patrick Farrell
Theresa Kuchler
Johannes Stroebel

Social Connectedness in Urban Areas
w26004 John R. Graham
Hyunseob Kim
Mark T. Leary

CEO-Board Dynamics
w26001 Germán Gutiérrez
Thomas Philippon

The Failure of Free Entry
w25983 Matias Covarrubias
Germán Gutiérrez
Thomas Philippon

From Good to Bad Concentration? U.S. Industries over the past 30 years
w25979 Charles W. Calomiris
Mauricio Larrain
Sergio L. Schmukler
Tomas Williams

Search for Yield in Large International Corporate Bonds: Investor Behavior and Firm Responses
w25977 Ricardo J. Caballero
Alp Simsek

Prudential Monetary Policy
w25967 David Card
Stefano DellaVigna
Patricia Funk
Nagore Iriberri

Are Referees and Editors in Economics Gender Neutral?
w25960 Michael Ewens
Ryan H. Peters
Sean Wang

Measuring Intangible Capital with Market Prices
w25959 Gabriel Chodorow-Reich
Plamen T. Nenov
Alp Simsek

Stock Market Wealth and the Real Economy: A Local Labor Market Approach
w25956 David Altig
Jose Maria Barrero
Nicholas Bloom
Steven J. Davis
Brent H. Meyer
Nicholas Parker

Surveying Business Uncertainty
w25950 Caroline Flammer
Green Bonds: Effectiveness and Implications for Public Policy
w25946 Jason Roderick Donaldson
Giorgia Piacentino
Anjan Thakor

Intermediation Variety
w25943 Robert Bartlett
Adair Morse
Richard Stanton
Nancy Wallace

Consumer-Lending Discrimination in the FinTech Era
w25923 Matthias Kehrig
Nicolas Vincent

Good Dispersion, Bad Dispersion
w25922 John R. Graham
Hyunseob Kim
Si Li
Jiaping Qiu

Employee Costs of Corporate Bankruptcy
w25914 Lucian A. Bebchuk
Scott Hirst

The Specter of the Giant Three
w25908 Mara Faccio
Randall Morck
M. Deniz Yavuz

Business Groups and the Incorporation of Firm-specific Shocks into Stock Prices
w25906 Jack Favilukis
Pierre Mabille
Stijn Van Nieuwerburgh

Affordable Housing and City Welfare
w25904 Clément de Chaisemartin
Xavier D'Haultfoeuille

Two-way Fixed Effects Estimators with Heterogeneous Treatment Effects
w25891 Gary B. Gorton
The Regulation of Private Money
w25877 Markus K. Brunnermeier
Dirk Niepelt

On the Equivalence of Private and Public Money
w25872 Ross Levine
Chen Lin
Qilin Peng
Wensi Xie

Communication within Banking Organizations and Small Business Lending
w25855 Eric Budish
Robin S. Lee
John J. Shim

A Theory of Stock Exchange Competition and Innovation: Will the Market Fix the Market?
w25843 Michael Bailey
Drew M. Johnston
Theresa Kuchler
Johannes Stroebel
Arlene Wong

Peer Effects in Product Adoption
w25815 Alma Cohen
Moshe Hazan
Roberto Tallarita
David Weiss

The Politics of CEOs
w25814 Eliezer Fich
Viktoriya Lantushenko
Clemens Sialm

Institutional Trading Around M&A Announcements
w25810 Marco Di Maggio
Ankit Kalda
Vincent Yao

Second Chance: Life without Student Debt
w25807 Stefan Nagel
Amiyatosh Purnanandam

Bank Risk Dynamics and Distance to Default
w25795 Haoyu Gao
Hong Ru
Robert Townsend
Xiaoguang Yang

Rise of Bank Competition: Evidence from Banking Deregulation in China
w25794 Itzhak Ben-David
Ajay A. Palvia
René M. Stulz

Do Distressed Banks Really Gamble for Resurrection?
w25775 Markus K. Brunnermeier
Simon C. Rother
Isabel Schnabel

Asset Price Bubbles and Systemic Risk
w25774 Lubos Pastor
Robert F. Stambaugh

Liquidity Risk After 20 Years
w25747 Robin Greenwood
Samuel G. Hanson
Lawrence J. Jin

Reflexivity in Credit Markets
w25744 Stefano Giglio
Matteo Maggiori
Johannes Stroebel
Stephen Utkus

Five Facts About Beliefs and Portfolios
w25734 Robert F. Engle III
Stefano Giglio
Bryan T. Kelly
Heebum Lee
Johannes Stroebel

Hedging Climate Change News
w25718 Paul D. Adams
Stefan Hunt
Christopher Palmer
Redis Zaliauskas

Testing the Effectiveness of Consumer Financial Disclosure: Experimental Evidence from Savings Accounts
w25717 Patrick Bolton
Tao Li
Enrichetta Ravina
Howard L. Rosenthal

Investor Ideology
w25702 Itzhak Ben-David
Pascal Towbin
Sebastian Weber

Expectations During the U.S. Housing Boom: Inferring Beliefs from Actions
w25698 Adriano A. Rampini
S. Viswanathan
Guillaume Vuillemey

Risk Management in Financial Institutions
w25694 Prachi Mishra
Nagpurnanand R. Prabhala
Raghuram G. Rajan

The Relationship Dilemma: Organizational Culture and the Adoption of Credit Scoring Technology in Indian Banking
w25690 Ravi Bansal
Shane Miller
Dongho Song
Amir Yaron

The Term Structure of Equity Risk Premia
w25686 Richard B. Berner
Stephen G. Cecchetti
Kermit L. Schoenholtz

Stress Testing Networks: The Case of Central Counterparties
w25685 Adrien Auclert
Will S. Dobbie
Paul Goldsmith-Pinkham

Macroeconomic Effects of Debt Relief: Consumer Bankruptcy Protections in the Great Recession
w25680 Takeo Hoshi
Kozo Kiyota

Potential for Inward Foreign Direct Investment in Japan
w25677 Shan Ge
Michael S. Weisbach

The Role of Financial Conditions in Portfolio Choices: The Case of Insurers
w25668 Bronson Argyle
Taylor D. Nadauld
Christopher Palmer

Monthly Payment Targeting and the Demand for Maturity
w25649 Itamar Drechsler
Alexi Savov
Philipp Schnabl

How Monetary Policy Shaped the Housing Boom
w25644 Erik P. Gilje
Todd Gormley
Doron Y. Levit

Who's Paying Attention? Measuring Common Ownership and Its Impact on Managerial Incentives
w25634 Vojislav Maksimovic
Gordon M. Phillips
Liu Yang

Do Public Firms Respond to Industry Opportunities More Than Private Firms? The Impact of Initial Firm Quality
w25624 Paul Décaire
Erik P. Gilje
Jérôme P. Taillard

Real Option Exercise: Empirical Evidence
w25592 Lin William Cong
Zhiguo He
Jiasun Li

Decentralized Mining in Centralized Pools
w25584 Qing Hu
Ross Levine
Chen Lin
Mingzhu Tai

Mentally Spent: Credit Conditions and Mental Health
w25573 Hui Chen
Scott Joslin
Sophie X. Ni

Demand for Crash Insurance, Intermediary Constraints, and Risk Premia in Financial Markets
w25559 Stephen G. Dimmock
Neng Wang
Jinqiang Yang

The Endowment Model and Modern Portfolio Theory
w25557 John Gathergood
Neale Mahoney
Neil Stewart
Jörg Weber

How Do Americans Repay Their Debt? The Balance-Matching Heuristic
w25553 David Hirshleifer
Yifan Li
Ben Lourie
Thomas Ruchti

Do Trade Creditors Possess Private Information? Stock Returns Evidence
w25549 Marlene Amstad
Zhiguo He

Chinese Bond Market and Interbank Market
w25529 Germán Gutiérrez
Thomas Philippon

Fading Stars
w25525 Ben Charoenwong
Randall Morck
Yupana Wiwattanakantang

Asset Prices, Corporate Actions, and Bank of Japan Equity Purchases
w25520 Eduardo Dávila
Benjamin M. Hébert

Optimal Corporate Taxation Under Financial Frictions
w25516 Daniel G. Garrett
Juan Carlos Suárez Serrato

How Elastic is the Demand for Tax Havens? Evidence from the US Possessions Corporations Tax Credit
w25515 Maryam Farboodi
Roxana Mihet
Thomas Philippon
Laura Veldkamp

Big Data and Firm Dynamics
w25505 Ernest Liu
Atif Mian
Amir Sufi

Low Interest Rates, Market Power, and Productivity Growth
w25496 Francesco D’Acunto
Daniel Hoang
Maritta Paloviita
Michael Weber

IQ, Expectations, and Choice
w25484 Gary B. Gorton
Alexander K. Zentefis

Social Progress and Corporate Culture
w25477 Ana Babus
Kinda Cheryl Hachem

Markets for Financial Innovation
w25467 Robert Prilmeier
René M. Stulz

Securities laws and the choice between loans and bonds for highly levered firms
w25459 Laura Alfaro
Gonzalo Asis
Anusha Chari
Ugo Panizza

Corporate Debt, Firm Size and Financial Fragility in Emerging Markets
w25458 Laura Alfaro
Manuel García-Santana
Enrique Moral-Benito

On the Direct and Indirect Real Effects of Credit Supply Shocks
w25454 Matthew Backus
Christopher Conlon
Michael Sinkinson

Common Ownership in America: 1980-2017
w25452 Gary Gorton
Toomas Laarits
Tyler Muir

1930: First Modern Crisis
w25450 Barney Hartman-Glaser
Benjamin M. Hébert

The Insurance is the Lemon: Failing to Index Contracts
w25442 Matthew Smith
Danny Yagan
Owen M. Zidar
Eric Zwick

Capitalists in the Twenty-First Century
w25435 Morten Bennedsen
Elena Simintzi
Margarita Tsoutsoura
Daniel Wolfenzon

Do Firms Respond to Gender Pay Gap Transparency?
w25432 Hong Cheng
Hanbing Fan
Takeo Hoshi
Dezhuang Hu

Do Innovation Subsidies Make Chinese Firms More Innovative? Evidence from the China Employer Employee Survey

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Generated on Tue Feb 18 00:00:10 2020

 
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