This paper uses the financial crisis of 2008 as a natural experiment to demonstrate that when measuring investment … investment-cash flow sensitivity, which decreased substantially after the crisis when banks changed their expectations about the … value of assets on firms'' balance sheets. This paper deepens our understanding of firms'' investment behavior …

This paper examines the impact of trade on employment, wages, and other outcomes across countries and explores the … firm-level dataset to examine the impact of import competition on employment, wages, and firm performance, as well as the … industries, import competition actually strengthens employment growth. In addition, import competition tends to improve average …

.S. manufacturing industry, and it finds evidence of asymmetry. Tight policy increases job destruction and reduces net employment …

This paper investigates the sensitivity of sectoral employment and wages in the United States to changes in foreign … trade prices for 1980–90. Previous studies have concentrated mainly on the impact of changes in import prices on employment … and wage levels. This paper estimates the impact of changes in both import and export prices on employment and wages in …

, using instrumental variables estimation to address the potential endogeneity of offshoring. It finds that service offshoring … employment when industries are finely disaggregated (450 manufacturing industries). However, this affect disappears at more …

This paper provides the first systematic study of how minimum wage policies in China affect firm employment over the … negative impact on employment, with an estimated elasticity of -0.1. Furthermore, we find a heterogeneous effect of the minimum … wage on employment which depends on the firm's wage level. Specifically, the minimum wage has a greater negative impact on …

irreversible investment are more exposed to policy uncertainty. In sectors with large irreversible investment EPU has a greater … effect on growth, investment, and leverage. The results are robust to different definitions of investment irreversibility …

do not have an immediate impact on the employment per asset. This result suggests that different patterns of employment …