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fundamentals with firm-quarter fixed effects; thus, identification comes from a firm's choice to default against one bank versus … bank relationships comes into doubt …
Persistent link: https://www.econbiz.de/10012456640
What determines risk-bearing capacity and the amount of leverage in financial markets? Using unique archival data on collateralized lending, we show that personal experience can affect individual risk-taking and aggregate leverage. When an investor syndicate speculating in Amsterdam in 1772 went...
Persistent link: https://www.econbiz.de/10012458707
Taiwan was perhaps the first developing country to adopt an export-oriented trade strategy after World War II. The …. In 1954, economist S. C. Tsiang proposed that Taiwan boost export earnings rather than squeeze import spending to deal … later, a leading policymaker, K. Y. Yin, fought for the adoption of Tsiang's proposal, helping clear the way for Taiwan …
Persistent link: https://www.econbiz.de/10012629518
Does the offshoring of production degrade or enhance the innovative capabilities of manufacturing firms? We contribute to this debate by exploiting a policy shock that differentially affected the ability of Taiwanese firms to offshore some products to China. We find causal evidence that...
Persistent link: https://www.econbiz.de/10012616565
use to the loss in farm income brought about by natural disasters in Taiwan. To account for endogenous exposure to …
Persistent link: https://www.econbiz.de/10013190992
Superstition is a widespread phenomenon. We empirically examine its impact on health-related behavior and health outcomes. We study the case of the Taiwanese Ghost Month. During this period, which is believed to increase the likelihood of bad outcomes, we observe substantial adaptions in...
Persistent link: https://www.econbiz.de/10012479430
compare the estimates with those obtained using data for Taiwan and find the results to be robust. We perform counterfactuals …
Persistent link: https://www.econbiz.de/10012481599
largest agri-food e-commerce platform in Taiwan. We find that an additional confirmed case of COVID-19 increased sales by 5 … coverage and online content. Because Taiwan did not impose a stay-at-home order, the demand for online food shopping may be …
Persistent link: https://www.econbiz.de/10012481622
A positive correlation between productivity and export market participation has been well documented in producer micro data. Recent empirical studies and theoretical analyses have emphasized that this may reflect the producer's other investment activities, particularly investments in R&D or new...
Persistent link: https://www.econbiz.de/10012463977
female mortality (EFM) and fertility in Taiwan. For identification, we exploit plausibly exogenous variation in the …
Persistent link: https://www.econbiz.de/10012464109