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Recent literature finds that exporters are particularly vulnerable to financial market frictions.As a consequence, exports may be lower than their efficient levels. For this reason,many countries support exporters by underwriting export credit guarantees. The empiricalevidence on the effects of...
Persistent link: https://www.econbiz.de/10010312171
We investigate the impact of a large scale debt waiver program for small agricultural borrowers in India on the short term and long term consumption levels of the beneficiaries. We obtain consumption data from three national level surveys conducted before and after the waiver by a federal...
Persistent link: https://www.econbiz.de/10012972024
Persistent link: https://www.econbiz.de/10013064153
the region. Given the unique features of the NBFZ, we estimate its short-run effects on labor outcomes: employment, wages … data at the municipality level for the period 2015-2019. Using administrative data for formal employment, we find that the … employment are less clear. Formal employment showed 1.6% less growth in the NBFZ than in the control municipalities, but the …
Persistent link: https://www.econbiz.de/10012295005
Using a unique representative panel survey of Vietnamese enterprises in 2020, we find that the pandemic and associated government support package had a heterogenous impact across firms. The government support package, particularly tax cuts and deferrals, helped alleviate short term stress, but...
Persistent link: https://www.econbiz.de/10014238521
We investigate the relationship of CEOs' political preferences (as reflected in their political contributions) with the prevalence and compensation of women in leadership positions at U.S. public companies. We find that CEOs who favor the Democratic Party (“Democratic CEOs”) are associated...
Persistent link: https://www.econbiz.de/10012200346
Derivatives are financial instruments used to manage risk. They consist of contractual agreements that establish transactions to be executed at a future date. The value of such transactions derive from the price of underlying assets, such as bonds, stocks, commodities, or currencies, explaining...
Persistent link: https://www.econbiz.de/10013060884
This paper examines wealth inequality during the COVID crisis. Measuring inequality by comparing growth of billionaires' wealth with that of equity markets, I find that the COVID crisis causes inequality to grow more rapidly by 23.6 ppt and even more in low-income countries where heir...
Persistent link: https://www.econbiz.de/10014354596
Common ownership exists when investors concurrently hold partial and significant shares in related firms. In this paper, I compile, document, and taxonomize 30 separate cases of intervention to demonstrate how common owners influence firm behavior. Although previous literature has identified a...
Persistent link: https://www.econbiz.de/10012827564
We study the impact of the COVID-19 recession on capital structure of publicly listed U.S. firms. Our estimates suggest leverage (Net Debt/Asset) decreased by 5.3 percentage points from the pre-shock mean of 19.6 percent, while debt maturity increased moderately. This de-leveraging effect is...
Persistent link: https://www.econbiz.de/10013299034