This study provides a global analysis of the effect of conflict exposure on firms' performance, combining geolocalized longitudinal firm-level data and information on political violence events from 91 countries between 2006 and 2019. Higher conflict exposure does not affect firm profits, as it...

We challenge the common view that short-term debt, by having to be rolled over continuously, is a risk factor that exposes banks to higher default risk. First, we show that the average effect of expiring obligations on default risk is insignificant; it is only when a bank has limited access to...

This paper takes advantage of a newly-available survey to analyze the behavior of Global Value Chains (GVCs) in the aftermath of the Great Recession. The analysis exploits a rich availability of information to design a comprehensive taxonomy of GVC participation modes and explore their impact on...