This paper documents a large overestimation of measured finance misallocation (Whited and Zhao, 2021) when lease-induced debt is ignored among US manufacturing firms Appropriately accounting for leases on the liability side translates into a 5 5% real va

Recessions are associated with sharp increases in turbulence that reshuffle firms’ productivity rankings To s

Trust between parties should drive contract design: if parties were suspicious about each others’ reaction to

The relationship between global warming and CO2 is a long-standing question in the climate change literature In

Building upon the premise that short squeezes are most likely to occur following a large one day price increase

We examine how executive compensation can be designed to motivate product market collusion We look at the 2013

This paper provides the first delineation of China’s commuting-based metropolitan areas (MAs)using a new sourc

We document that leased capital accounts for more than 30% of the total productive physical assets used by US p

Leased capital accounts for about 20% of the total productive physical assets used by US publicly listed firms,

We document that leased capital accounts for about 20% of total physical productive assets used by US public fir