financial constraints. As such, both financial slack and financial constraints are important determinants of ESG performance …

the U.S. Then, we use a multi-country input-output trade model with borrowing constraints, trade credit, and endogenous … constraints amplify the negative consequences of the China shock on employment, but introducing trade credit reduces these losses … by 8%-27%, depending on the tightness of the constraints …

We develop a theoretical model that explains the relationship between credit constraints and economic growth in the …

interpretation of the fall in the labor share on firm-level through the channel of financial constraints. Measuring the real cost of … significant financial constraints. To address the potential policy endogeneity, we match our treated firms with comparisons lying …

constraints on corporate social responsibility (CSR). To isolate this causal link, we examine the enactment of … antirecharacterization laws in some U.S. states, an exogenous shock that has strengthened creditor rights and eased financial constraints of … the treated firms. Our difference-in-difference analysis suggests that relaxing financial constraints leads to higher CSR …

borrowing constraints. Lenders constrain credit because of limited commitment of borrowers: they can declare bankruptcy and only … of exogenous debt constraints …

Using firm-level survey data from Germany, this paper asks how do supply constraints propagate monetary policy shocks …? To answer this question, we first offer a general discussion on the measurement of supply constraints. We show that … capacity utilization, a widely accepted measure of bottlenecks and slack, is only an imperfect measure for supply constraints …