Showing 1 - 10 of 695
We investigate whether Donald Trump's "Chinese Virus" tweets contributed to the rise of anti-Asian incidents. We find that the number of incidents spiked following Trump’s initial “Chinese Virus” tweets and the subsequent dramatic rise in internet search activity for the phrase....
Persistent link: https://www.econbiz.de/10014243230
To establish a benchmark, the cross border mergers and acquisitions wave of the late 1990s is compared to its predecessor in the late 1980s. It is found to be at least five times larger (in real terms), to involve firms from more OECD nations, and to include many more service sector...
Persistent link: https://www.econbiz.de/10012767751
This paper estimates the effects of several American law firms' international networks of offices on the total value of …
Persistent link: https://www.econbiz.de/10013226055
A recent literature has developed that combines two prominent empirical approaches to ex ante policy evaluation: randomized controlled trials (RCT) and structural estimation. The RCT provides a "gold-standard'' estimate of a particular treatment, but only of that treatment. Structural estimation...
Persistent link: https://www.econbiz.de/10013073955
Economists are quick to assume opportunistic behavior in almost every walk of life other than our own. Our empirical methods are based on assumptions of human behavior that would not pass muster in any of our models. The solution to this problem is not to expect a mass renunciation of data...
Persistent link: https://www.econbiz.de/10012778257
Even though stock returns are not highly autocorrelated, there is a spurious regression bias in predictive regressions for stock returns related to the classic studies of Yule (1926) and Granger and Newbold (1974). Data mining for predictor variables interacts with spurious regression bias. The...
Persistent link: https://www.econbiz.de/10012762990
diffusion and idea spillovers are likely to reach greater distances. This paper uses the construction of China's high speed rail …-authors' productivity rises and more new co-author pairs emerge when secondary cities are connected by bullet train to China's major cities …
Persistent link: https://www.econbiz.de/10012920886
lessons for both inflation measurement and some fundamental research questions in macro and international economics. In … biases that distort evidence of price stickiness and international relative prices. We emphasize how Big Data technologies … are providing macro and international economists with opportunities to stop treating the data as “given” and to get …
Persistent link: https://www.econbiz.de/10012995985
A pre-specified set of nine prominent U.S. equity return anomalies produce significant alphas in Canada, France, Germany, Japan, and the U.K. All of the anomalies are consistently significant across these five countries, whose developed stock markets afford the most extensive data. The anomalies...
Persistent link: https://www.econbiz.de/10012947659
Using a novel database that tracks web traffic on the SEC's EDGAR server between 2004 and 2015, we show that institutional investors gather information on a very particular subset of firms and insiders, and their surveillance is very persistent over time. This tracking behavior has powerful...
Persistent link: https://www.econbiz.de/10012914729