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We estimate the impact of political conflict on immigration using economic sanctions imposed by China on South Korea as a natural experiment. Due to the deployment of the Terminal High-Altitude Area Defense (THAAD) system in South Korea in 2016 (in cooperation with the US), China started a...
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We examine how corporate environmental responsibility (CER) affects the cost of equity capital for manufacturing firms in 30 countries. Using several approaches to estimate firms' ex ante equity financing costs, we find in regressions that control for firm-level characteristics as well as...
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