Entrepreneurial wealth and employment: Tracing out the effects of a stock market crash

MAK Ring - The Journal of Finance, 2023 - Wiley Online Library
Using the dispersion in stock returns during the financial crisis as a source of exogenous
variation in the wealth of Norwegian entrepreneurs who held listed stocks, I show that …

[PDF][PDF] From granular credit risk to credit supply: The probability of default channel

A Baena, A Espic, J Idier - 2022 - congress-files.s3.amazonaws.com
We combine firm level data on balance sheets with Anacredit (EU credit register for NFCs) to
investigate how idiosyncratic firm shocks affect bank portfolio credit risk and the aggregate …