Employing the American Inventor’s Protection Act (AIPA) that mandates, all patent applications are to be published within 18 months after filing, as a quasi-natural experiment, we find that accelerated patent disclosure increases stock price crash risk. This effect is stronger when treated...

We map United States comparative advantage between 1980 and 1995, by trading partner and region, using Balassa's export-based index of Revealed Comparative Advantage (RCA). We find: temporally stable and ubiquitous US comparative advantage in differentiated producer goods (except disadvantage in...

We map United States comparative advantage between 1980 and 1995, by trading partner and region, using Balassa's export-based index of Revealed Comparative Advantage (RCA). We find: temporally stable and ubiquitous US comparative advantage in differentiated producer goods (except disadvantage in...

Short selling constraints predict negative stock returns at the monthly frequency, but is it a monthly phenomenon? We show that short selling constraints are persistent, lasting nine months on average, and therefore measured subsequent negative returns cannot be due primarily to an easing of...

The equity lending literature has assumed that equity loan supply is static due to institutional constraints. Instead, we show that reduced stock lending (both at the margin and in levels) causes increased stock loan fees and stock overpricing. We find the strongest effect among stocks with the...

We highlight that the inalienable nature of human capital can crucially determine corporate payouts. Exploiting the staggered rejections of the inevitable disclosure doctrine (IDD) across 15 U.S. states as exogenous shocks that potentially increase the mobility of key talents, we find that...

Coplanar supercapacitors on textiles have received much concern with the development of flexible and wearable energy-storage-devices because this configuration can remarkably enhance the mechanical deformation and facilitate the integration with other devices as compared with conventional...

Cutaneous infections involving pathogenic biofilms cannot be effectively treated by topical therapies, partially due to the resistance and the poor penetration of therapeutics. To overcome these limitations, we propose a multi-functional microneedle device that can penetrate through the stratum...

Nanoplastics (NPs), which are often detected in the natural environment, are regarded as a group of emerging pollutants. Hematite is a substance that exists widely in the surface environment and has an important impact on the environmental behavior of pollutants. Clarifying the migration of NPs...