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Business dynamics in the National Establishment Time Series (NETS)

Crane, Leland D.; Decker, Ryan A. - 2019

Business microdata have proven useful in a number of fields, but the main sources of comprehensive microdata are subject to significant confidentiality restrictions. A growing number of papers instead use a private data source seeking to cover the universe of U.S. business establishments, the...

Persistent link: https://www.econbiz.de/10012181151

Entrepreneurship and state taxation

Curtis, E. Mark; Decker, Ryan A. - 2018

Entrepreneurship plays a vital role in the economy, yet there exists little well-identified research into the effects of taxes on startup activity. Using recently developed county-level data on startups, we examine the effect of states' corporate, personal and sales tax rates on new firm...

Persistent link: https://www.econbiz.de/10011803746

Changing business dynamism and productivity : shocks vs. responsiveness

Decker, Ryan A.; Haltiwanger, John C.; Jarmin, Ronald S.; … - 2018

The pace of job reallocation has declined in all U.S. sectors since 2000. In standard models, aggregate job reallocation depends on (a) the dispersion of idiosyncratic productivity shocks faced by businesses and (b) the marginal responsiveness of businesses to those shocks. Using several novel...

Persistent link: https://www.econbiz.de/10011803797

Liquidity regulation and financial intermediaries

Macchiavelli, Marco; Pettit, Luke - 2018

We document several effects of the Liquidity Coverage Ratio (LCR) rule on dealers' financing and intermediation of securities. For identification, we exploit the fact that the US implementation is more stringent than that in foreign jurisdictions. In line with LCR incentives, US dealers reduce...

Persistent link: https://www.econbiz.de/10012016652

The effect of common ownership on profits : evidence from the U.S. banking industry

Gramlich, Jacob; Grundl, Serafin - 2018

Theory predicts that "common ownership" (ownership of rivals by a common shareholder) can be anticompetitive because it reduces the weight firms place on their own profits and shifts weight toward rival firms held by common shareholders. In this paper we use accounting data from the banking...

Persistent link: https://www.econbiz.de/10012016338

The U.S. syndicated loan market : matching data

Cohen, Gregory J.; Friedrichs, Melanie; Gupta, Kamran; … - 2018

We introduce a new software package for determining linkages between datasets without common identifiers. We apply these methods to three datasets commonly used in academic research on syndicated lending: Refinitiv LPC DealScan, the Shared National Credit Database, and S&P Global Market...

Persistent link: https://www.econbiz.de/10012016668

The marginal effect of government mortgage guarantees on homeownership

Grundl, Serafin; Kim, You Suk - 2019

The U.S. government guarantees a majority of residential mortgages, which is often justified as a means to promote homeownership. In this paper we use property-level data to estimate the effect of government mortgage guarantees on homeownership, by exploiting variation of the conforming loan...

Persistent link: https://www.econbiz.de/10012179046

Managing stigma during a financial crisis

Anbil, Sriya - 2017

explore this question using data from an unexpected disclosure of partial lists of banks that secretly borrowed from the … banks included on the lists in comparison with banks left off the lists. However, stigma dissipated for banks that were … revealed earlier after subsequent banks were revealed. Overall, the results suggest that an emergency lending facility that …

Persistent link: https://www.econbiz.de/10011708103

Quantitative easing and bank risk taking : evidence from lending

Kandrac, John; Schlusche, Bernd - 2017

and risk taking activity. To overcome the endogeneity of bank-level reserve holdings to banks' other portfolio decisions …, within banks' loan portfolios …

Persistent link: https://www.econbiz.de/10011803753

A global lending channel unplugged? : does U.S. monetary policy affect cross-border and affiliate lending by global U.S. banks?

Temesvary, Judit; Ongena, Steven; Owen, Ann L. - 2017

We examine how U.S. monetary policy affects the international activities of U.S. Banks. We access a rarely studied U … crisis) and quantitative easing (after the onset of the crisis) affects changes in cross-border claims by U.S. banks across ….S. banks strongly adjust their cross-border claims in both the pre and post-crisis period. However, we also find that U.S. bank …

Persistent link: https://www.econbiz.de/10011803798