While businesses require funding to start and grow, they also rely on human capital, which
affects how they raise funds. Labor market frictions make financing labor different than …

Patents and citations are powerful tools increasingly used in financial economics (and
management research more broadly) to understand innovation. Biases may result, however …

We analyze the effect of local-level labor market concentration on wages. Using plant-level
US Census data during 1978–2016, we find that:(i) local-level employer concentration …

Partnering with the US Census Bureau, we implement a new survey of “structured”
management practices in two waves of 35,000 manufacturing plants in 2010 and 2015. We …

ABSTRACT I exploit the adoption of state‐level labor protection laws as an exogenous
increase in employee firing costs to examine how the costs associated with discharging …

Firms strategically choose more conservative capital structures when they face greater
competitive threats stemming from the potential loss of their trade secrets to rivals. Following …

Firms differ in their dependence on skilled labor and face labor adjustment costs that
increase with their workers' skill level. We show that firms with a higher share of skilled …

This paper exploits intertemporal variations in employment protection across countries and
finds that rigidities in labor markets are an important determinant of firms' capital structure …

The importance of skilled labor and the inalienability of human capital expose firms to the
risk of losing talent at critical times. Using Swedish microdata, we document that firms lose …

We use novel data from a leading online job search platform to examine the impact of
corporate distress on firms' ability to attract job applicants. Survey responses suggest that …