This paper documents a strong delayed response to COVID-19, which is caused by the SARS-CoV2 virus in countries that did not encounter the SARS disease in 2003. The SARS outbreak was caused by a similar virus, SARS-CoV-1. Individuals in countries that developed SARS infections in 2003 search...

We provide evidence of delayed attention and inaction in response to COVID-19 in countries that did not experience SARS in 2003. Using cross-country data, we find that individuals in countries that had SARS infections in 2003 search more intensively for COVID-19-related information on Google in...

This paper documents a strong delayed response to COVID-19, which is caused by the SARS-CoV2 virus in countries that did not encounter the SARS disease in 2003. The SARS outbreak was caused by a similar virus, SARS-CoV-1. Individuals in countries that developed SARS infections in 2003 search...

Using plant-level pollution data from Environmental Survey and Reporting Database in China, we analyze how the government's 2007 environmental policy aiming to curb pollution from two-high industries (i.e., high-polluting and high energy-consuming) affect real firm pollution activities across...

This paper studies how CEOs’ early life experiences of natural disasters affect corporate activities during COVID-19 pandemic in the U.S. We find that following the initial outbreak of COVID-19 in late February 2020 in the U.S., most firms started to cut down capital expenditure (Capex),...

This paper investigates how politicians' patronage connections affect privatizations in China. The connections to top political leaders (i.e., Central Committee of the Communist Party of China) make local politicians engage more in rent-seeking by selling state-owned enterprises (SOEs) at...

This paper investigates how politicians' patronage connections affect privatizations in China. The connections to top political leaders (i.e., Central Committee of the Communist Party of China) make local politicians engage more in rent-seeking by selling state-owned enterprises (SOEs) at...

This paper documents the clientelism in anti-corruption investigations across the interpolitician network in the context of China. Patronage connections to highly ranked politicians (i.e., Politburo of the Communist Party of China) make local politicians less likely to be investigated and...