Showing 1 - 10 of 152
We test whether financial fluctuations affect firms' decisions, through their impact on banks' cost of funding. We …-2012 sovereign debt crisis. Using newly available data linking over 3,000, mostly privately-held, non-financial firms to their bank(s …), we find that increases in Italian banks' CDS spreads and decreases in their equity valuations lead younger and smaller …
Persistent link: https://www.econbiz.de/10010229932
Do media slant news in favor of the banks they borrow from? We study how lending connections affect news coverage of … banks earnings reports and of the Eurozone sovereign debt crisis on major newspapers from several European countries. We … find that newspapers cover announcements by their lenders - relative to those of other banks - significantly more when they …
Persistent link: https://www.econbiz.de/10013173241
analyzes whether banks can support firms' export by reducing informational asymmetries about foreign markets. We exploit a … large sample of Italian firms for which we merge custom data with information on their lender banks. We identify a shock …
Persistent link: https://www.econbiz.de/10013332105
The Great Recession, which was preceded by the financial crisis, resulted in higher unemployment and inequality. We propose a simple model where firms producing varieties face labor-market frictions and credit constraints. In the model, tighter credit leads to lower output, lower number of...
Persistent link: https://www.econbiz.de/10011494040
Governments around the world want to develop their ICT and digital industries. Policymakers thus need a clear sense of the size and characteristics of digital businesses, but this is hard to do with conventional datasets and industry codes. This paper uses innovative "big data" resources to...
Persistent link: https://www.econbiz.de/10010440545
hold for computers, but not in most other settings. Features of state law also favor high rates of inter-firm mobility in …
Persistent link: https://www.econbiz.de/10003260835
New technologies offer many promises to improve student learning, but efforts to bring them to the classroom often fail to produce improvements to student outcomes. A notable exception to this pattern is one-to-one laptop programs. While early evaluations of these programs have been encouraging,...
Persistent link: https://www.econbiz.de/10011704290
Most studies find little to no effect of classroom computers on student achievement. We suggest that this null effect … effects of using computers to look up information and negative effects of using computers to practice skills, resulting in …
Persistent link: https://www.econbiz.de/10010501863
the gender gap in academic achievement. Data from several sources indicate that boys are less likely to use computers for … schoolwork and are more likely to use computers for playing games, but are less likely to use computers for social networking and … email than are girls. Using data from a large field experiment randomly providing free personal computers to schoolchildren …
Persistent link: https://www.econbiz.de/10011317637
I study a model where Information Technology, while typically increasing overall inequality, is likely to harm some people at intermediate and high levels of the distribution of income but to benefit people at the bottom. Within a given occupation it may harm some workers while benefitting...
Persistent link: https://www.econbiz.de/10011401091