Policy Uncertainty and Peer Effects: Evidence from Corporate Investment in China

Author(s)
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

Limited Risk Sharing in the Great Recession

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

Income Volatility and Portfolio Choices

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

Quality Signaling through Crowdfunding Pricing

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

Venture Capital Coordination in Syndicates, Corporate Monitoring, and Firm Performance

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

Co-Movement of Steady-State Government Debt and Household Debt

Author(s)
To understand whether and how movements of government debt and household debt are related, stationary equilibrium

Downward Wage Rigidity, Corporate Investment, and Firm Value

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

It's Not Who You Know - It's Who Knows You: Employee Social Capital and Firm Performance

Author(s)
We show that the social capital embedded in employees’ networks contributes to superior firmperformance and p

Shadow Union in Local Labor Markets and Capital Structure

Author(s)
This paper identifies an externality of a firm s unionization that affects the capital structure decisions of other

Home Location Choices and the Gender Commute Gap

Author(s)
Using administrative records of home mortgages in Beijing, we show that households systematically choose to buy new homes that are closer to the wife’s workplace