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To commemorate 40 years since the founding of the Journal of Business Ethics, the editors-in-chief of the journal have invited the editors to provide commentaries on the future of business ethics. This essay comprises a selection of commentaries aimed at creating dialog around the theme Bringing...
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We study the welfare effects of the transition of online debt crowdfunding from the older "peer-to-peer" model to the "marketplace" model, where the crowdfunding platform sells diversifiedloan portfolios to investor. We develop an equilibrium model of debt crowdfunding capturingplatform design...
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Do credit contractions trigger social unrest? To answer this question, we turn to a natural experiment from 1930s China, where the 1933 U.S. Silver Purchase program acts as a shock to bank lending. We assemble a hand-collected dataset of loan contracts between banks and firms, labor unrest...
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We study marketplace credit around a tightening of mortgage loan-to-value (LTV) caps in several cities in China in 2013. Using novel micro data covering all loans and loan applications at a leading marketplace credit platform, we provide evidence consistent with home buyers borrowing online to...
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