Using two independent exogenous shocks, we investigate whether the opioid epidemic affects labor and innovation even when personal addiction is not the main driver. Exploiting a setting of corporate innovation where production is mostly generated by white-collar individuals - unlikely addicts -...

Geopolitical risk (GPR) is negatively associated with both domestic and inbound cross-border acquisition activity. In support of the predictions of a real options channel, the negative effect of GPR is more pronounced when acquirers have foreign business segments or are financially constrained,...