We estimate empirically the impact of the insolvency and bankruptcy code (IBC) on corporate leverage in India. The analysis builds on the Prowess database. For the estimations we use the difference in differences approach, where listed firms are used as the control group. We find that the IBC...

This paper studies the association between the levels of individual trust and individual economic performance. I distinguish between generalized trust, a proxy for beliefs about others' trustworthiness, and within-firm trust, i.e. trust in firm management and trust in colleagues. Using rich...

Do sanctions strengthen the targeted regime? I analyze the 2014 imposition of Western sanctions on Russia and its impact on voting. The United States and the European Union introduced targeted measures against Russian entities and individuals related to President Putin’s regime. Using polling...

How important is a relationship with a bank to a firm’s performance and survival? If firms can easily switch among different sources of credit supply, then the loss of any one source may have little implication for the firms that have borrowed from that source. However, to the extent that...

Since 1996, DRUID has become one of the world's premier academic conferences on innovation and the dynamics of structural, institutional and geographic change. DRUID21 invites paper submissions on innovation, entrepreneurship and other aspects of structural, institutional and geographic change,...

The global health crisis makes us unable to hold the DRUID20 conference as planned June 15-17. Given the current uncertainty as to the duration of the crisis, we are not planning any other DRUID events in 2020.

The DRUID Academy Conference and the new DRUID PhD Course are open for all PhD students working within the broad field of economics and management of innovation, entrepreneurship and organizations. Both events are designed to help outstanding PhD students improve their understanding of issues...

Since 1996, DRUID has become one of the world’s premier academic conferences on innovation and the dynamics of structural, institutional and geographic change. Presenting distinguished plenary speakers, a range of parallel paper sessions, and an attractive social program, DRUID19 aims at...

Since 1996, DRUID has become one of the world’s premier academic conferences on innovation and the dynamics of structural, institutional and geographic change. DRUID18 invites paper submissions on innovation, entrepreneurship and other aspects of structural, institutional and geographic...

Since 1996, DRUID has become one of the world's premier academic conferences on innovation and the dynamics of structural, institutional and geographic change. DRUID and NYU Stern School of Business are proud to invite senior and junior scholars to participate and contribute with a paper to...