facilities in Europe jointly with their output, productivity, and other key economic outcomes. To disentangle the influence of … and productivity do not change suggesting that reductions in emissions follow proportional reductions in output rather … productivity and profits of other facilities and firms owned by the acquiring parent company after a change in ownership. …

heterogeneous, aggregate investment is substantially less responsive to credit policy compared to an identical firm setting …

are more likely to enter foreign markets by means of foreign direct investment. We combine detailed proprietary bank …