Interorganizational spillover refers to the unintended impact of a focal organization's event
on the perceptions and decisions of peer organizations and their stakeholders. Research on …

Lending cuts by banks directly affect the firms borrowing from them, but also indirectly
depress economic activity in the regions in which they operate. This paper moves beyond …

Using data on bank-firm relationships in Italy during the Eurozone financial crisis, we show
that:(i) compared to healthy banks, under-capitalised banks cut credit to healthy but not to …

Using confidential establishment-level data from the US Census Bureau's Longitudinal
Business Database, this paper documents how local shocks propagate across US regions …

Despite their importance, the discussion of spillover effects in empirical research often
misses the rigor dedicated to endogeneity concerns. We analyze a broad set of workhorse …

The policy response to COVID-19 includes the provision of credit guarantees to firms, a
provision that may generate zombie lending. According to the recent literature, the relative …

We examine the role private equity (PE) sponsors play in the resolution of financial distress
of portfolio companies. PE-backed firms have higher leverage and default at higher rates …

In the wake of the COVID-19 pandemic, the financial and legal system will need to deal with
a surge of financial distress in the business sector. Some firms will be able to survive, while …

In this paper, I identify shocks to interest rates resulting from two administrative details in
adjustable‐rate mortgage contract terms: the choice of financial index and the choice of …

The COVID-19 pandemic has led to a severe global recession with differential impacts
within and across countries. This paper examines the possible persistent effects (scarring) of …