This article examines whether firm-level idiosyncratic shocks propagate in production
networks. We identify idiosyncratic shocks with the occurrence of natural disasters. We find …

In this paper, we document a positive effect of supplier–customer geographic proximity on
supplier innovation. To establish causality, we explore plausibly exogenous variation in …

This study provides an empirical investigation of the impact of customer-supplier
relationships on firm innovation in an interorganizational framework encompassing …

We study how financial distress of a significant customer impacts capital structure of
suppliers. Using a sample of US firms that filed for Chapter 11 between 1980 and 2013, we …

We examine the effects of demand-side (product market) and supply-side (supply chain)
market power on firm profitability and the ease of access to bank financing. Using granular …

This paper provides the first empirical evidence of the externalities of credit default swaps
(CDS). We find that a firm's leverage is lower when a larger proportion of its revenue is …

A critical strategic choice for corporate governance is how a firm can take sufficient
environmental responsibility to satisfy its key stakeholders. Our paper answers this question …

Does corporate financial structure matter for a firm's ability to compete in international
markets through output quality? This study answers this question by using firm-level export …

We document that employee bankruptcy costs affect corporate capital structure decisions via
their impact on the bargaining power of labor unions. We employ difference-in-differences …

We investigate whether changes in the capital structure of major customers play an
important role in determining the firm's financial policy. Following Leary and Roberts (2014) …