Following the shocks of the COVID-19 pandemic, the economy may be significantly changed relative to the pre-pandemic world. One critical shift induced by the COVID- 19 pandemic is a need for physical distance (at least 6 feet apart) between workers and customers. In this study, we examine the...

Regulation is most effective when it is local. This paper examines whether geographic distance between firm headquarters and the local administrative center affects the extent of corporate tax avoidance in China. We find that firms avoid tax more aggressive when located farther to the local...

Some researchers have used increasing small business lending distances to argue that technological changes have reduced banks' reliance on soft information. These studies generally assume distance changes are uniform across loans and lenders. Our paper examines heterogeneity in distance changes....

Using Facebook's social network data for the US counties, we examine whether social connectedness reduces the informational disadvantage in lending to small businesses at a distance. We find that for a given distance, there is a pecking order of lending. Banks first lend to more socially...

Suppliers usually worry about losing important customers far away. This study examines the effect of long-distance customers on the supplier's cash holdings in China. We find that firms with long-distance major customers tend to hold more cash holdings. Our results still hold when considering...

The last decades have seen a remarkable expansion in the number of International Organizations (IOs) that have mainstreamed environmental issues into their policy scope—in many cases due to the pressure of civil society. We hypothesize that International Non-Governmental Organizations (INGOs),...