We study how leasing plays a novel role in improving total factor productivity (TFP) by facilitating entry and technology adoption As a form of more collateralizable financing, leasing provides additional nancing for investment required in a productive

We find that institutional investors’ local culture of religiosity influences their stock lending decisions and short-sell constraints Firms with higher ownerships by blockholders located in more religious counties are associated with higher utilizatio

We investigate the relationship between media negativity on foreign countries and flows to country specific interna

​We document that the duration of investors’ information processing time improves the price discovery efficiency following public macroeconomic announcements

This research examines the usefulness of new proposed equity premium predictors through their superior out-of-sample forecasting gains relative to the historical average return method and currently well-known spillover indices (Diebold and Yilmaz, 2009)

A robust single-leg capacity control method based on adjustable regret is proposed to address the practical needs

In many settings, affirmative action policies apply simultaneously at two levels, for instance, at university and

This paper studies the effects of income taxation on entrepreneurship, empirically and in astructural macro model

It is generally believed that pressure from peers induces employees to improve their efficiency and performance, b

AbstractWith hand-collected data on Chinese M&A agreements between 2010 and 2019, this paper reveals that some tar