We study the effect of short-term finance on firm growth and its aggregate implications. Using a unique firm-level dataset of a credit guarantee program in Morocco, we show that firms with guaranteed short-term loans expand their production scale homogeneously and sharply decrease their cash...

Do corporate financial decisions made by female executives differ from that of male executives? We try to answer the question by using firm-level data. We identify few critical differences between corporations run by gender-homogeneous versus gender-heterogeneous executive boards using a unique...

I investigate the effect of labor market frictions for female employees on corporate innovation. Following the implementation of state-level paid family leave acts, which exogenously increase female talent allocation by facilitating labor market participation of female inventors, firms...

This article discusses the 2008 "clarification" of the Sukuk Standard of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). The clarification was issued by the Shariah Committee of AAOIFI in response to a review of all outstanding sukuk at the time. The...

This is a chapter for the forthcoming book in West Publishing Company's Inside the Minds Series focusing on Financial Services Enforcement and Compliance (published by Aspatore Books). This chapter provides an overview of nature and current state of the markets for the equity side and debt...

This study investigates the effects of firm-level political risk on corporate investments and operating efficiencies for industrially diversified and focused firms. Using firm-level political risk data from Hassan et al.(2019), we document that both political risk and diversification lead to...

During the past decade, equity crowdfunding (ECF) has emerged as an alternative funding channel for startup firms. In Germany, the Small Investor Protection Act became binding in July 2015, with the legislative goal to protect investors engaging in this new asset class. Since then, investors...

This paper investigates the effects that economic regulations have on firm growth. There is substantial evidence of a positive relationship between the level of financial development and economic growth. Little is known, about the role played by the legal structure affecting firm decision making...

This study aims to verify if there is a negative relation between the investment of Brazilian companies and the impeachment of former president Dilma Rousseff. The period of analysis considers three previous (2013-2015) and subsequent (2016-2018) years to impeachment. As a result, although...

During 2016-2019, the US and China engaged in a trade conflict. As a result, the US economy witnessed an unprecedented increase in trade policy uncertainty (TPU) after 2018. Does this increase in the TPU cause fluctuations in corporate investment? This paper uses aggregate and firm-level TPU...