In this article, we review the literature on the recent growth of corporate debt in China and
present stylized facts on the evolution of debt composition, nonperforming loans, defaults …

This paper examines why private firms choose to be financially transparent or opaque by
conducting a field experiment with more than 25,000 firms in Germany. We inform a …

We estimate the indirect costs of corporate bankruptcy associated with lost customers. In
incentivized experiments, randomly informing consumers about a firm's Chapter 11 …

Why do small businesses exploit business opportunities better in some areas than others?
In a sample of 1.2 million consumer-facing establishments, social capital predicts the take …

I study how bankruptcy law firm advertisements affect credit recovery of households in
financial distress. Exploiting the border discontinuity strategy associated with the geographic …

This dissertation comprises three essays that explore how human and social capital
influence innovation and promote firm dynamism, particularly for small businesses. It studies …