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We offer new evidence on the real effects of credit shocks in the presence of employment protection regulations by … Germany. Our evidence suggests that labor market flexibility can dampen the negative effect of credit shocks by allowing firms …
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Using novel indicators of political connections constructed from campaign contribution data, we show that Brazilian firms that provided contributions to (elected) federal deputies experienced higher stock returns than firms that did not around the 1998 and 2002 elections. This suggests that...
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