We empirically study the use of value-based management systems in listed German firms and examine implications for firms' stock market performance. Using a novel, hand-collected data set covering 1,083 firm years from 2002 to 2008, we find that value-based management systems become increasingly...

The subprime crisis led to a wave of government interventions in the private sector that has been particularly strong in Europe and Latin America, where several governments are large shareholders in a variety of public firms. In a sense, the subprime crisis induced these governments to behave as...

We evaluate the impact of training provided by facilitators of Self Help Groups (SHGs). This evaluation provides one of the first studies of the impact of 'microfinance plus', or the disbursement of services beyond credit. Indian SHGs are mainly NGO-formed microfinance groups but funded by...

We evaluate the effect of delivery mechanisms for training provided by facilitators of self help groups (SHGs). Indian SHGs are unique in that they are mainly NGO-formed microfinance groups but later funded by commercial banks. We correct for both membership and training endogeneity. Training...

The impacts of COVID-19 reach far beyond the hundreds of thousands of lives lost to the disease; in particular, the pre-existing learning crisis is expected to be magnified during school shutdown. Despite efforts to put distance learning strategies in place, the threat of student dropouts,...

School closures in the context of COVID-19 have been shown to magnify that problem, with at least seven million additional dropouts worldwide in 2020. Despite efforts from governments around the world to mitigate learning gaps by the time in-person classes return, interventions to motivate...