This study investigates the influence of foreign competition on US firms' debt ratings. The
findings reveal a significant three-step downgrade in ratings with increased foreign …

The environmental regulations US firms are exposed to are often place-based, incentivizing
firms to move to less regulated counties or states. Consistent with this argument, multiplant …

We re‐examined the impact of rising imports from China on intra‐firm productivity growth in
the European Union during the period 2005–16. In contrast to previous studies, we found …

We argue that product market competition raises the importance of firm short-term
performance and increases investor and analyst demands for early information on firms' …

We examine how import competition from Chinese firms influences the behavior and
investment performance of overconfident CEOs in US firms. We show that the rise of …

This paper studies how the allocation of capital within firms is shaped by short-termist
incentives. We first present empirical evidence on the existence of a within-firm capital (mis) …

Now that the Global Financial Crisis of 2008 (GFC) has ceded its status of being the most
recent major global crisis event to the Covid-19 Global Pandemic, memories of this bygone …

The environmental regulations firms are exposed to increasingly vary at a sub-national level,
creating incentives for firms to move to less regulated areas within the country. Based on this …

In this thesis, after a brief introduction, three papers on the effects of short-term thinking on
the economy are presented, where short-term thinking is defined to encompass both short …

We examine the extent to which foreign competition serves as a significant risk factor
influencing the decision-making process of rating agencies. Using a panel of 5,291 firm …