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evolved in response to terrorism in Britain. The paper also discusses the reasons why there is strong cooperation among the CT …
Persistent link: https://www.econbiz.de/10012464918
This paper examines the role that insurance has played in dealing with terrorism before and after September 11, 2001 …, by focusing on the distinctive challenges associated with terrorism as a catastrophic risk. The Terrorism Risk Insurance … Act of 2002 (TRIA) was passed by the U.S. Congress in November 2002, establishing a national terrorism insurance program …
Persistent link: https://www.econbiz.de/10012467819
Since the passage of the Terrorism Risk Insurance Act of 2002, corporate terrorism insurance is sold as a separate … and terrorism insurance. Using a unique dataset of insurance policies purchased by large U.S. firms, combined with … to obtain consistent estimates of premium elasticity of corporate demand for property and terrorism coverage. Our …
Persistent link: https://www.econbiz.de/10012459129
empirical analysis of firm behavior that compares corporate demand for property and catastrophe insurance (here, terrorism). We …
Persistent link: https://www.econbiz.de/10012461255
Persistent link: https://www.econbiz.de/10000707732
Persistent link: https://www.econbiz.de/10001476940
We use the COVID shock to study the direct and interactive effects of several forms of corporate flexibility on short- and long-term real business plans. We find that i) workplace flexibility, namely the ability for employees to work remotely, plays a central role in determining firms'...
Persistent link: https://www.econbiz.de/10012938715
Based on archival and survey data we show that the maturity of U.S. business loans has been continuously increasing since the mid-1930s when banks invented the term loan. Concurrently, bank innovation first involved the invention of credit analysis and covenant design. Later, bank innovation...
Persistent link: https://www.econbiz.de/10012660004
We explore the sources of racial disparities in small business lending by studying the $806 billion Paycheck Protection Program (PPP), which was designed to support small business jobs during the COVID-19 pandemic. PPP loans were administered by private lenders but federally guaranteed, largely...
Persistent link: https://www.econbiz.de/10012660042
Do low interest rates contribute to the rise in market concentration? Using data on firm financials and high frequency monetary policy shocks, we find that falling interest rates disproportionately benefit industry leaders, especially when the initial interest rate is already low. Falling rates...
Persistent link: https://www.econbiz.de/10012660046