This paper investigates whether firms strategically deviate positively from their normal environmental, social, and governance (ESG) disclosure levels as a signal to investors to obtain better access to finance. Analysing 3,900 firm-year observations in the US corporate bond market from 2009 to...

Platform interoperability is considered a powerful tool to promote competition in digital markets when network effects are at play. We study the effect of interoperability on competition between two ad-financed platforms, allowing for endogenous multi-homing of consumers. When the platforms are...