This paper explores the productivity differential between return migrants ('Sea Turtles') and non-migrants through a case study of China's venture capital (VC) industry. I find that even after correcting for selection bias, return venture capitalists are less productive than comparable...

We study the role of trade credit in enhancing the resilience of financially constrained firms from 2010 to 2017. Implicit borrowing in trade finance allows financially constrained firms to bridge the financing gap, expand employment by 8.26 per cent, and increase average firm profits...

We estimate the relationship between the returns on housing, stocks, and bonds, and simulate a variety of decumulation strategies incorporating reverse mortgages. We show that homeowner's reversionary interest, the amount that can be borrowed through a reverse mortgage, is a surprisingly risky...