We exploit a recent natural experiment in Ukraine’s school system to study how stricter requirements for proficiency in the state language affect linguistic minority students’ demand for education. The reform obligated linguistic minority students to take a standardized school exit test in...

This paper analyses the effect of time allocation on the financial performance of entrepreneurial firms. We apply the Lewbel (2012) estimator to a pooled dataset of Chinese private manufacturing firms that are managed by their owners. Time is allocated between management, networking and study...

Our paper examines the relationship between the frequency of board meetings on particular topics, and CEO dismissal/compensation and performance sensitivities. We utilize a unique dataset of specific topics discussed at board meetings, drawn from the reports of independent directors of listed...

This study examines the role of board age diversity on bank performance. Using a sample of 97 Chinese banks, we document a negative and significant relationship between age diversity and bank performance. To further investigate the negative link between age diversity and bank performance, we...

This paper examines the impacts of non-price competition on bank performance in the Ukrainian banking industry from 2009 Q1 to 2015 Q4. The competition is proxied by three measures of multimarket contacts. Our data reveal that banks with higher level of multiple market contacts are more likely...

Using a panel of Turkish commercial banks, we examine credit dollarization and its impact on banks' liquidity and profitability. Our estimates suggest that banks partially passthrough foreign denominated funds to borrowers in the form of foreign denominated credit. Furthermore, banks which lend...

This paper uses a unique dataset from Lending Club (LC), the largest online lender in the U.S, to analyze the consequences of income rounding in terms of loans performance. We find that rounding of income by a borrower may indicate a bad outcome for a loan. Borrowers with a rounding tendency are...

This paper examines the impacts of non-price competition on bank performance in the Ukrainian banking industry from 2009 Q1 to 2015 Q4. The competition is proxied by three measures of multimarket contacts. Our data reveal that banks with higher level of multiple market contacts are more likely...