Using a hand-collected sample of global office locations of private equity (PE) firms, we show that portfolio companies backed by local offices outperform cross-border buyouts in terms of operational improvements. The effect strengthens with higher cross-country cultural distance or information...

Much of the media focus surrounding Bitcoin has been on the “E” (environmental) element of the ESG investing approach. Given the amount of electricity consumed by Bitcoin mining, and the resulting large carbon emissions, it has been subject to substantial criticism due to its overly negative...

GameFi is a portmanteau of “game” and “finance.” The concept involves blockchain games that offer economic incentives to play, otherwise known as play-to-earn (P2E) games. We explain in detail how GameFi and traditional games differ, and carve out the unique value proposition of GameFi....