We examine whether the extreme rainfall condition affects corporate borrowings. Based on the saliency argument, the findings show that extreme rain conditions induce expansion of corporate borrowing among rain-sensitive firms. We further document the heterogeneous treatment effect of this rain...

Increasingly, Higher Educational Institutions (HEI) are using different signals in attracting students to enroll with them. In this study, we explore the signals sent by HEIs and determine through factor analysis that placements, brand name, and infrastructure act as the attractive signals that...