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Persistent link: https://www.econbiz.de/10012512272
We estimate the impact of the COVID-19 crisis on business failures among small and medium-size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost minimization and measure each firm’s liquidity shortfall during and...
Persistent link: https://www.econbiz.de/10013232582
This paper investigates whether political connections affect individuals' propensity to engage in illegal activities in financial markets. We use the 2007 French presidential election as marker of change in the value of political connections, in a difference-in-differences research design. We...
Persistent link: https://www.econbiz.de/10012954909
This paper puts into perspective enforcement as conducted by the French Financial Market Authority since its creation in 2003 until 2021 with regards to the current state of the literature on financial crimes. We survey exhaustively the three main channels of action: sanctions, settlements...
Persistent link: https://www.econbiz.de/10014533580
Persistent link: https://www.econbiz.de/10010517281
Persistent link: https://www.econbiz.de/10010378472
Using local administrative data from 1826 to 1936, we document the evolution of crime rates in 19th century France and … we estimate the impact of a negative income shock on crime. Our identification strategy exploits the phylloxera crisis … this shock to identify its impact on property and violent crime rates, as well as minor offences. Our estimates suggest …
Persistent link: https://www.econbiz.de/10010413664
Using local administrative data from 1826 to 1936 we document the evolution of crime rates in 19th century France and … we estimate the impact of a negative income shock on crime. Our identification strategy exploits the phylloxera crisis … this shock we instrument wine production and we identify the effects of the shock on property and violent crime rates. Our …
Persistent link: https://www.econbiz.de/10013109997