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Life After Death : A Field Experiment with Small Businesses on Information Frictions, Stigma, and Bankruptcy

Bernstein, Shai; Colonnelli, Emanuele; Hoffman, Mitchell; … - National Bureau of Economic Research - 2023

In an RCT with US small businesses, we document that a large share of firms are not well-informed about bankruptcy. Many assume that bankruptcy necessarily entails the death of a business and do not know about Chapter 11 bankruptcy, where debts are renegotiated so that the business can continue...

Persistent link: https://www.econbiz.de/10014226130

Deposit and Credit Reallocation in a Banking Panic : The Role of State-Owned Banks

Acharya, Viral V.; Das, Abhiman; Kulkarni, Nirupama; … - National Bureau of Economic Research - 2022

We study a bank run in India in which private bank branches experience sudden and considerable loss of deposits that seek safety in state-owned public sector banks (PSBs). We trace the consequences of this reallocation using granular data on bank-firm relationships and branch balance sheets. The...

Persistent link: https://www.econbiz.de/10013435119

Bankruptcy Exemption of Repo Markets : Too Much Today for Too Little Tomorrow?

Acharya, Viral V.; Anshuman, V. Ravi; Viswanathan, S. - National Bureau of Economic Research - 2024

We examine the desirability of granting "safe harbor" provisions to creditors of financial intermediaries in sale-and-repurchase (repo) contracts. Exemption from an automatic stay in bankruptcy enables financial intermediaries to raise greater liquidity and induces entry of intermediaries with...

Persistent link: https://www.econbiz.de/10014468227

Bank Runs, Fragility, and Regulation

Amador, Manuel; Bianchi, Javier - National Bureau of Economic Research - 2024

We examine banking regulation in a macroeconomic model of bank runs. We construct a general equilibrium model where banks may default because of fundamental or self-fulfilling runs. With only fundamental defaults, we show that the competitive equilibrium is constrained efficient. However, when...

Persistent link: https://www.econbiz.de/10014528381

The Benefits and Costs of Secured Debt

Benmelech, Efraim - National Bureau of Economic Research - 2024

Secured debt--a debt contract that offers security to creditors in the form of collateralized assets--has been a cornerstone of credit markets in most societies since antiquity. The ability to seize and sell collateral reduces the creditor's expected losses when the debtor defaults on a promised...

Persistent link: https://www.econbiz.de/10014528392

The Effects of Website Provision on the Demand for German Women's Magazines

Kaiser, Ulrich - 2002

The effect of website provision on the demand for German women's magazines is analyzed using differentiated product … demand models estimated on panel data that cover the period 1990 2000. Descriptive evidence on the magazines' website … contents suggests that websites are used to provide supplementary information and to advertise the current print issue. Website …

Persistent link: https://www.econbiz.de/10012469909

Links and Hyperlinks : An Empirical Analysis of Internet Portal Alliances, 1995-1999

Elfenbein, Dan - 2001

This paper examines the structure of over 100 alliances by Internet portals from 1995 to 1999. These alliances were an attractive empirical testing ground because of the large number and heterogeneous nature of the contracts, the high standards for disclosure in the industry, and the careful...

Persistent link: https://www.econbiz.de/10012470473

Evidence of Decreasing Internet Entropy : The Lack of Redundancy in DNS Resolution by Major Websites and Services

Bates, Samantha - 2018

This paper analyzes the extent to which the Internet's global domain name resolution (DNS) system has preserved its distributed resilience given the rise of cloud-based hosting and infrastructure. We explore trends in the concentration of the DNS space since at least 2011. In addition, we...

Persistent link: https://www.econbiz.de/10012453397

The Causes and Consequences of Test Score Manipulation : Evidence from the New York Regents Examinations

Dee, Thomas S. - 2016

In this paper, we show that the design and decentralized, school-based scoring of New York's high school exit exams - the Regents Examinations - led to the systematic manipulation of test sores just below important proficiency cutoffs. Our estimates suggest that teachers inflate approximately 40...

Persistent link: https://www.econbiz.de/10012456510

The Secular Decline in Private Firm Leverage

Dobridge, Christine L.; Gilje, Erik P.; Whitten, Andrew - National Bureau of Economic Research - 2022

Using firm-level administrative tax data on the 43% of business liabilities in the United States tied to privately held firms, we document dramatic reductions in leverage since the Great Recession. Leverage for the average private firm fell fifteen percent between 2004 and 2018. In contrast,...

Persistent link: https://www.econbiz.de/10013210062

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