This paper uses US credit register data and the 2018–2019 Trade War to study the impact of
international trade uncertainty on domestic credit supply. We exploit differences in banks' ex …

Problem definition: This study explores the impact of local opioid exposure on the
performance of US public firms and examines whether these effects propagate through …

In this paper, we document aggregate market reaction to firms' news releases. We leverage
the S&P500 index futures data and use narrow intraday and overnight windows to isolate …

We explore a new source of data on layoffs: timely 8-K filings with the Securities and and
Exchange Commission. We develop measures of both the number of reported layoff events …

Institutional investors in single-family housing markets are often represented as worsening
household well-being. We document the growth of single-family REITs (SFRs) and their (non …

Based on a large establishment-level dataset, we find evidence of a strategic substitution
effect between corporate philanthropy and political connections as insurance mechanisms …

We study how agglomeration forces influence post-merger restructuring. We hypothesize
and find that geographic overlap of acquirer and target establishments creates the potential …

In this paper, we characterize the relative importance of two sources of fundamental market-
wide news—large firms' earnings announcements and macroeconomic releases. Our …

Our paper shows that Airbnb—a sharing economy pioneer—has led to the creation of new,
local businesses, which have higher survival rates and better performance both at the …

In this paper, we document aggregate market reaction to firms' news releases. We leverage
the S&P500 index futures data and use narrow intraday and overnight windows to isolate …