This paper investigates how corporate governance of unlisted firms in an emerging market economy affects financing constraints, measured by the sensitivity of investment to cash flow. We develop two original corporate governance indices based on a large-scale survey of Russian enterprises –...

This paper estimates the effect of economic shocks that affect families with young children on children's health, educational and behavioral outcomes in adolescence. Transition period in Russia provides a natural experiment setting for estimating this effect. During the economic turmoil of early...