We study the long-run effects of conflict on social attitudes, with World War II in Central and Eastern Europe as our setting. Much of earlier work has relied on selfreported measures of victimization, which are prone to endogenous misreporting. With our own survey-based measure, we replicate...

Under what conditions can legacies of past violence shape political behaviour? We propose a theory of how war victimization defines attitudes over the long run, and how these can be activated by changes in the political environment. We argue that exposure to violence by members of a different...

Entrepreneurs are often situated in extreme environments characterized by violent conflict. Yet, war is largely a blind spot in entrepreneurship scholarship. As a first step to closing this gap, we offer a well-identified synthetic control study of entrepreneurial dynamics in the Russo-Ukrainian...

Entrepreneurs are often situated in extreme environments characterized by violent conflict. Yet, war is largely a blind spot in entrepreneurship scholarship. As a first step to closing this gap, we offer a well-identified synthetic control study of entrepreneurial dynamics in the Russo-Ukrainian...

Politicians may strategically time unpopular measures to coincide with newsworthy events that distract the media and the public. We test this hypothesis in the context of the Israeli-Palestinian conflict. We find that Israeli attacks are more likely to occur when U.S. news on the following day...

How are political events reflected in financial asset prices? Break points in sovereign debt prices are analyzed for Denmark, Norway, Finland, Sweden, Germany and Belgium during 1930-1948, using unique data from the Stockholm Stock Exchange. Unlike in countries involved in WWII, this market was...

The last remaining gap in the national accounts of Russia and the USSR in the twentieth century, 1913 to 1928, includes the Great War, the Civil War, and postwar recovery. Filling this gap, we find that the Russian economy did somewhat better in the Great War than was previously thought; in the...

With two news-based measures on war, I document that managers mitigated war risk through dividend cuts, arguably to establish a war chest. Moreover, I find that companies postponed their initial public offerings and that foreign companies were more likely to delist after the onset of wars....

Russia’s invasion of Ukraine has shell-shocked the world. It has monopolized headlines in the print and broadcast media, unleashed a torrent of instant analysis in professional commentary, and flooded social media. This note considers how social media has been weaponized in the war effort of...