We examine international bond issues by US firms to study the benefits of investor taste for cross-border security issuances. We proxy for firms' international investor taste with the fraction of prior international bond holding in firms' domestic and international bonds and find that...

We study how information about one firm transmits to otherwise unrelated firms sharing the same major blockholder. Using information on US firms over the 2001–2008 period, we show that the financial conditions of these firms signal the controlling ability of the owner and therefore indirectly...

Using the near universe of online job postings from 2007 to 2019, we construct a firm-level metric of local labor market competition. We find that firms hiring in more competitive labor markets tend to have lower financial leverage. To establish causality, we exploit the establishment of Amazon...

We examine international bond issues by US firms to study the benefits of investor taste for cross-border security issuances. We proxy for firms' international investor taste with the fraction of prior international bond holding in firms' domestic and international bonds and find that...

We examine international bond issues by US firms to study the benefits of investor taste for cross-border security issuances. We proxy for firms' international investor taste with the fraction of prior international bond holding in firms' domestic and international bonds and find that...