This paper conducts a simple stress test to gauge the ability of listed nonfinancial corporates to withstand shocks to earnings and receivables. It targets two basic accounting ratios that capture a firm's ability to cover its short-term liabilities and interest expenses. The full sample...

This paper examines the role of courts in promoting fulfillment of the right to education in developing country democracies, focusing on India and Indonesia-two countries that have experienced increased education rights litigation in recent years. The paper argues that this litigation has been...

Can changing the rules of the game affect government performance? This paper studies the impact of a simple procedural reform on the efficiency and quality of adjudication in Senegal. The reform gave judges the duty and powers to conclude pre-trial proceedings within a four-month deadline. The...