Using the staggered implementation of the EDGAR system from 1993 to 1996 as a shock to information dissemination technologies, we examine the potential benefits and costs of modern information technologies on the real economy. On the one hand, we document that broader information dissemination...

Modern information technologies have greatly facilitated timely dissemination of information to a broad base of investors at low costs. To examine their effects on the real economy, we exploit the staggered implementation of the EDGAR system from 1993 to 1996 as a shock to information...

We examine whether firms exploit enforcement heterogeneity in response to risks and costs arising from investigations by regional Securities and Exchange Commission (SEC) enforcement offices. We find that firms facing high SEC scrutiny risk are more likely to relocate outside the jurisdiction of...

In a pandemic situation, the role of financial inclusion and macroprudential policies are very important for mitigating household vulnerabilities. This study analyzes the role of financial inclusion on household consumption during the pandemic using Indonesian household data at the micro-level...