This paper investigates the impact of regional political instability on the political instability of a country. Our identification strategy relies on the spatial nature of international relations. We use the characteristics of the neighbors' neighbors as the instruments for the neighbors'...

By relaxing the constraint of proximity to the investor, crowdfunding platforms promise to reshape the geography of small business and entrepreneurship. A necessary condition is that distance is no longer an impediment to the flow of funding between backers and project developers in different...

We examine how the information environment influences bank regulatory monitoring. Using the distance between banks and regulatory field offices as a proxy for information asymmetry, we show that an increase in distance reduces the quality of financial reporting. To establish causality, we use a...

Using a unique dataset on worldwide multinational corporations with precise location of headquarters and affiliates, I present evidence of a trade-off between distance to the headquarters and the knowledge intensity of the foreign subsidiary's economic activity, emerging from dynamics related to...