We utilize the rise of Black Lives Matter (BLM) and the sentiment of racial sympathy to provide quantitative analyses on the interplay between the social movement and citizens’ sympathetic actions in supporting Black lives. Using detailed food order flow information from one of the largest...

Our study analyzes the effect of women’s access to reproductive control on female auditor mobility. Exploiting the staggered state-level adoption of Targeted Regulation of Abortion Providers (TRAP) laws that restrict women’s access to abortion, we find that female auditors’ propensity to...

We show that after the 2003 dividend tax cut in the U.S., C-corporation-banks whose investors are subject to the dividend tax had a higher loan growth rate than S-subchapter-banks. Such an enhanced credit supply due to the tax cut significantly impacted the real economy. Small businesses had...

We investigate tax incidence reflected in the pricing of syndicated loans and argue that loan spread increases in bank income taxes of borrowers’ home states. We compare borrowers in states with differing bank tax rates and demonstrate the presence of tax incidence on borrowers with causality...