We study the relation between bank regulation stringency and announcement effects of seasoned equity offerings across 21 countries. Under a low to moderate bank regulation environment, the market reacts more positively to the bank SEO announcements for an increase in the level of bank...

By extending the Hausmann et al. (2007)’s theoretical model involving cost discovery, we show that cultural diversity affects export sophistication by increasing the degree of heterogeneity in the economy. Specifically, cultural diversity pushes the technology frontier of the economy outwards,...

Recent studies have shown that export structure transformation matters for sustainable economic growth, but what drives export structure transformation remains an open question. Using data from 56 countries for the years 1990 and 2000, this paper investigates whether birthplace diversity of...