Do local social shocks affect borrower behavior in digital lending markets? Using U.S. mass shooting data for causal identification, this paper investigates the reactionary effects of adverse local social shocks on peer-to-peer (P2P) lending markets. Our short-run difference-in-differences and...

This article examines the activities performed by investment banks, their evolution in developed economies and how they help in capital formation and finally the situation exists in Bangladesh. Though in Bangladesh the true investment banks (that exists in developed economies like Merrill Lynch,...

Future air pollution emissions in the year 2030 were estimated for the San Joaquin Valley (SJV) in central California using a combined system of land use, mobile, off-road, stationary, area, and biogenic emissions models. Four scenarios were developed that use different assumptions about the...

This paper studies Chile's 2009 Equal Pay for Equal Work law and its impact on manufacturing plant behavior. Using the difference-in-discontinuities design to exploit the law's quasi-experimental properties, I find that large plants with disclosure requirements and substantially higher penalties...

We examine the impact of the COVID-19 pandemic on firm borrowing behavior across 31 countries. We exploit the quasi-experimental properties of this pandemic to investigate how national culture, government preparedness, and response to the pandemic affect corporate borrowing and the structure of...

We study the effects of transparency disclosures on the risk culture, corporate culture, and performance of U.S. banks. Using stress test regulation, textual analysis, and a regression discontinuity design, we exploit the regulation's quasi-experimental properties around the bank-size policy...

This paper examines whether forward-looking disclosure requirements impact firm business patterns. We rely on the implementation of the Comprehensive Capital Analysis Review (CCAR) stress test on U.S. bank holding companies as our identification strategy. Using a regression discontinuity design...

Using hand-collected race information of small business owners that concealed their race in Paycheck Protection Program applications, we find evidence that not disclosing race information in loan applications pays off significantly. Our results show that black-owned businesses that concealed...