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China's industrial policies ("Five-Year Plans") displace U.S. production/employment and heighten plant closures in the same industries as those targeted by the policies in China. The impact was not anticipated by the stock market, but U.S. companies in the "treated industries" suffer a valuation...
Persistent link: https://www.econbiz.de/10014544690
In October 2010, the state government of Andhra Pradesh, India issued an emergency ordinance, bringing microfinance … activities in the state to a complete halt and causing a nation-wide shock to the liquidity of lenders, especially those with …
Persistent link: https://www.econbiz.de/10012453385
What are the effects of a temporary lockdown of the economy? Do firms' deteriorating balance sheets and labor market frictions propagate and prolong the effects? We answer these questions in a model with financial and labor market frictions. The model makes quantitative predictions about the...
Persistent link: https://www.econbiz.de/10012510582
distribution of business revenue shock due to the Covid-19 pandemic. We rely on it to analyze the impact of business support …
Persistent link: https://www.econbiz.de/10012481185
shock caused by lockdowns, the idiosyncratic demand shock suffered by sectors that rely on high contact with their costumers …
Persistent link: https://www.econbiz.de/10012481555
supply shocks are possible, under some conditions. A 50% shock that hits all sectors is not the same as a 100% shock that …
Persistent link: https://www.econbiz.de/10012481876
calibrated by the cost of March 2020 Coronavirus relief packages, the shock is forecast to lead to a cumulative loss in … disaster shock on economic activity and on uncertainty is studied using a VAR. While past natural disasters are local in nature … of large disaster shocks. Even in a fairly conservative case where COVID-19 is a 5-month shock with its magnitude …
Persistent link: https://www.econbiz.de/10012481943
We measure the impact of the initial Indian national COVID-19 lockdown on digital activity using browser histories of 1,094 individuals, spanning over 31.5 million website visits on computers and mobile devices. Reflecting the predicted increase in the value of online activity, both men and...
Persistent link: https://www.econbiz.de/10014437050
Managing the outbreak of COVID-19 in India constitutes an unprecedented health emergency in one of the largest and most … diverse nations in the world. On May 4, 2020, India started the process of releasing its population from a national lockdown …
Persistent link: https://www.econbiz.de/10012481387
This paper investigates how shocks to expected cash flows influence CEO incentive compensation. Exploiting changes in compliance with environmental regulations as shocks to expected future cash flows, we find that adverse shocks typically prompt corporate boards to recalibrate CEO compensation...
Persistent link: https://www.econbiz.de/10014486193