IDEAS home Printed from https://ideas.repec.org/f/c/pki563.html

Hyunseob Kim

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Antonio Falato & Hyunseob Kim & Till von Wachter, 2022. "Shareholder Power and the Decline of Labor," Working Papers 22-17, Center for Economic Studies, U.S. Census Bureau.

    Cited by:

    1. Alzate,David & Eliana Carranza & Duran-Franch,Joana & Truman G. Packard & Celina Proffen, 2024. "How Regulations Impact the Labor Market : A Review of the Literatures on Product and Labor Market Regulations," Policy Research Working Paper Series 10961, The World Bank.
    2. Liu, Guannan & Wang, Anqi & Wang, Kedi & Zhao, Qiuyun, 2024. "Shareholder bargaining power and labor income share: Evidence from a quasi-natural experiment in China," Finance Research Letters, Elsevier, vol. 59(C).

  2. Murillo Campello & Gaurav Kankanhalli & Hyunseob Kim, 2021. "Delayed Creative Destruction: How Uncertainty Shapes Corporate Assets," NBER Working Papers 28971, National Bureau of Economic Research, Inc.

    Cited by:

    1. Sultan Kaheel & Khalifa Aliyu Ibrahim & Gasem Fallatah & Venkatasubramanian Lakshminarayanan & Patrick Luk & Zhenhua Luo, 2023. "Advancing Hydrogen: A Closer Look at Implementation Factors, Current Status and Future Potential," Energies, MDPI, vol. 16(24), pages 1-29, December.
    2. Benjamin Collier & Sabrina T. Howell & Lea Rendell, 2024. "After the Storm: How Emergency Liquidity Helps Small Businesses Following Natural Disasters," Working Papers 24-20, Center for Economic Studies, U.S. Census Bureau.
    3. Cheng, Teng Yuan & Dong, Liang & Dong, Yuxuan & Lam, Keith S.K., 2025. "How does climate risk affect corporate financialization?," Research in International Business and Finance, Elsevier, vol. 78(C).
    4. Doshchyn, Artur, 2025. "Sinking ships: Liquidity constraints and return predictability in recessions," Journal of Monetary Economics, Elsevier, vol. 151(C).
    5. Hu, Xiaoxue & Li, Dongxu, 2025. "Foreign business exposure, policy uncertainty, and investment allocation decisions of Chinese multinational corporations," Pacific-Basin Finance Journal, Elsevier, vol. 89(C).
    6. Yu Zhang & Xiaotong Wang & Wei Guo & Xinlei Guo & Qisheng Wang & Xin Tan, 2024. "Does ESG Performance Affect the Enterprise Value of China’s Heavily Polluting Listed Companies?," Sustainability, MDPI, vol. 16(7), pages 1-21, March.
    7. Xin Chen & Haina Shi & Gaoguang Zhou & Xindong Zhu, 2024. "Dance with wolves: firm-level political risk and mergers and acquisitions," Review of Quantitative Finance and Accounting, Springer, vol. 63(2), pages 715-752, August.
    8. Lanlan Li & Yanlei Gao & Xiudong Wang, 2023. "Impact of Economic Policy Uncertainty on Agribusiness Technology Innovation: Evidence from 231 Listed Firms in China," Sustainability, MDPI, vol. 15(13), pages 1-29, June.
    9. Lu, Jiajun & Lv, Linying & Wang, Yizhong & Zhu, Yueteng, 2025. "The real effect of monetary policy under uncertainty: Evidence from the change in corporate financing purposes," Journal of Banking & Finance, Elsevier, vol. 172(C).
    10. Duan, Chenghang & Chen, Xinxu, 2024. "The impact mechanism of enterprise financialization on firm innovation," Finance Research Letters, Elsevier, vol. 68(C).

  3. John R. Graham & Hyunseob Kim & Si Li & Jiaping Qiu, 2019. "Employee Costs of Corporate Bankruptcy," NBER Working Papers 25922, National Bureau of Economic Research, Inc.

    Cited by:

    1. Filipe Correia & Gustavo S. Cortes & Thiago C. Silva, 2021. "Is Corporate Credit Risk Propagated to Employees?," Working Papers Series 551, Central Bank of Brazil, Research Department.
    2. Perotti, Enrico & Döttling, Robin & Ladika, Tomislav, 2018. "The (Self-) Funding of Intangibles," CEPR Discussion Papers 12618, C.E.P.R. Discussion Papers.
    3. Gil Nogueira, 2022. "Corporate insolvency and restructuring during COVID-19," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    4. Nico Dewaelheyns & Cynthia Van Hulle & Yannick Van Landuyt & Mathias Verreydt, 2021. "Labor Contracts, Wages and SME Failure," Sustainability, MDPI, vol. 13(14), pages 1-15, July.
    5. Marco Pagano, 2019. "Risk Sharing within the Firm: A Primer," CSEF Working Papers 553, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 20 Sep 2020.
    6. Hilscher, Jens & Landskroner, Yoram & Raviv, Alon, 2021. "Optimal regulation, executive compensation and risk taking by financial institutions," Journal of Corporate Finance, Elsevier, vol. 71(C).
    7. Schochet, Sholom & Benlemlih, Mohammed & Jaballah, Jamil, 2022. "Is corporate tax avoidance related to employee treatment?," Journal of Empirical Finance, Elsevier, vol. 69(C), pages 63-80.
    8. Timothy E. Dore & Rebecca Zarutskie, 2018. "Firm Leverage, Labor Market Size, and Employee Pay," Working Papers 18-36, Center for Economic Studies, U.S. Census Bureau.
    9. Brendan Moore & Judith Scott-Clayton, 2019. "The Firm's Role in Displaced Workers' Earnings Losses," NBER Working Papers 26525, National Bureau of Economic Research, Inc.
    10. Godsell, David & Huang, Kelly & Lao, Brent, 2023. "Managers’ rank & file employee coordination costs and real activities manipulation," Accounting, Organizations and Society, Elsevier, vol. 107(C).
    11. Daniel Barron & Jin Li & Michał Zator, 2022. "Morale and Debt Dynamics," Management Science, INFORMS, vol. 68(6), pages 4496-4516, June.
    12. Kim, Hyunseob, 2020. "How does labor market size affect firm capital structure? Evidence from large plant openings," Journal of Financial Economics, Elsevier, vol. 138(1), pages 277-294.
    13. Morten Grindaker & Andreas R. Kostøl & Kasper Roszbach, 2021. "Executive Labor Market Frictions, Corporate Bankruptcy and CEO Careers," Working Paper 2021/15, Norges Bank.
    14. John (Jianqiu) Bai & Daniel Carvalho & Gordon M. Phillips, 2017. "The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity," NBER Working Papers 24081, National Bureau of Economic Research, Inc.
    15. Karpuz, Ahmet & Luo, Di & Xiao, Rongbing & Zhao, Huainan, 2023. "The effect of labour protection laws on the relationship between leverage and wages," Journal of Banking & Finance, Elsevier, vol. 148(C).
    16. Benjamin U. Friedrich & Michal Zator, 2018. "Adaptation to Shocks and The Role of Capital Structure: Danish Exporters During the Cartoon Crisis," Economics Working Papers 2018-12, Department of Economics and Business Economics, Aarhus University.
    17. Prusak Błażej & Potrykus Marcin, 2022. "Stock price reaction to an arrangement approval in restructuring proceedings – the case of Poland," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 58(3), pages 279-298, September.

  4. Hyunseob Kim & Roni Michaely, 2019. "Sticking around Too Long? Dynamics of the Benefits of Dual-Class Voting," Swiss Finance Institute Research Paper Series 19-09, Swiss Finance Institute, revised Mar 2019.

    Cited by:

    1. de La Bruslerie, Hubert, 2025. "News flow as a determinant of the voting premium of dual-class shares," International Review of Law and Economics, Elsevier, vol. 82(C).
    2. Colak, Gonul & Gounopoulos, Dimitrios & Loukopoulos, Panagiotis & Loukopoulos, Georgios, 2021. "Tournament incentives and IPO failure risk," Journal of Banking & Finance, Elsevier, vol. 130(C).
    3. Aggarwal, Dhruv & Eldar, Ofer & Hochberg, Yael V. & Litov, Lubomir P., 2022. "The rise of dual-class stock IPOs," Journal of Financial Economics, Elsevier, vol. 144(1), pages 122-153.
    4. Alexander A. Muravyev & Nikolay S. Telyatnikov, 2024. "Dual Class Stock Companies: Global Experience and Russian Practice," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 23(3), pages 801-832.
    5. Lindsay Baran & Arno Forst & M. Tony Via, 2023. "Dual‐class share structure and innovation," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 46(1), pages 169-202, February.
    6. Field, Laura Casares & Lowry, Michelle, 2022. "Bucking the trend: Why do IPOs choose controversial governance structures and why do investors let them?," Journal of Financial Economics, Elsevier, vol. 146(1), pages 27-54.
    7. Amore, Mario Daniele & Pelucco, Valerio & Quarato, Fabio, 2022. "Family ownership during the Covid-19 pandemic," Journal of Banking & Finance, Elsevier, vol. 135(C).
    8. Belcredi, Massimo & Faverzani, Lara & Signori, Andrea, 2025. "Why do companies reincorporate abroad? Evidence from Europe," Journal of Multinational Financial Management, Elsevier, vol. 77(C).
    9. Lin, James Juichia & Shi, Wei-Zhong & Tsai, Li-Fang & Yu, Min-Teh, 2022. "Corporate cash and the Firm's life-cycle: Evidence from dual-class firms," International Review of Economics & Finance, Elsevier, vol. 80(C), pages 27-48.

  5. Efraim Benmelech & Nittai K. Bergman & Hyunseob Kim, 2018. "Strong Employers and Weak Employees: How Does Employer Concentration Affect Wages?," Working Papers 18-15, Center for Economic Studies, U.S. Census Bureau.

    Cited by:

    1. Murillo Campello & Gaurav Kankanhalli & Pradeep Muthukrishnan, 2020. "Corporate Hiring under COVID-19: Labor Market Concentration, Downskilling, and Income Inequality," NBER Working Papers 27208, National Bureau of Economic Research, Inc.
    2. Malik Curuk & Jérôme Héricourt & Gonzague Vannoorenberghe, 2025. "Labor Market Power, Export Prices and Pass-through," Working Papers 2025-15, CEPII research center.
    3. Albert Jan Hummel, 2021. "Monopsony Power, Income Taxation and Welfare," CESifo Working Paper Series 9128, CESifo.
    4. Daniel Monte & Roberto Pinheiro, 2021. "Labor market competition over the business cycle," Economic Inquiry, Western Economic Association International, vol. 59(4), pages 1593-1615, October.
    5. Azar, José & Marinescu, Ioana E. & Steinbaum, Marshall & Taska, Bledi, 2018. "Concentration in US Labor Markets: Evidence from Online Vacancy Data," IZA Discussion Papers 11379, IZA Network @ LISER.
    6. Fernández-Villaverde, Jesús & Mandelman, Federico & Zanetti, Francesco & Yu, Yang, 2021. "The ``Matthew Effect'' and Market Concentration: Search Complementarities and Monopsony Power," CEPR Discussion Papers 15788, C.E.P.R. Discussion Papers.
    7. David N. F. Bell & David G. Blanchflower, 2021. "Underemployment in the United States and Europe," ILR Review, Cornell University, ILR School, vol. 74(1), pages 56-94, January.
    8. Jarosch, Gregor & Nimczik, Jan Sebastian, 2019. "Granular Search, Market Structure, and Wages," CEPR Discussion Papers 14231, C.E.P.R. Discussion Papers.
    9. G. Cette & L. Koehl & T. Philippon, 2019. "Labor Share in Some Advanced Countries," Documents de Travail de l'Insee - INSEE Working Papers g2019-15, Institut National de la Statistique et des Etudes Economiques.
    10. Brändle, Tobias, 2024. "Unions and Collective Bargaining: The Influence on Wages, Employment and Firm Survival," GLO Discussion Paper Series 1457, Global Labor Organization (GLO).
    11. Autor, David & Dorn, David & Katz, Lawrence F. & Patterson, Christina & Van Reenen, John, 2020. "The fall of the labor share and the rise of superstar firms," LSE Research Online Documents on Economics 104480, London School of Economics and Political Science, LSE Library.
    12. Cramer, Robert J & Kniesner, Thomas J. & Viscusi, W. Kip, 2025. "Employer Monopsony Power Does Not Reduce the Value of a Statistical Life," IZA Discussion Papers 18173, IZA Network @ LISER.
    13. Guido Matias Cortes & Jeanne Tschopp, 2020. "Rising Concentration and Wage Inequality," Diskussionsschriften dp2001, Universitaet Bern, Departement Volkswirtschaft.
    14. Lehner, Lukas & Parolin, Zachary & Pignatti, Clemente & Pintro Schmitt, Rafael, 2024. "Monopsony Power and Poverty: The Consequences of Walmart Supercenter Openings," INET Oxford Working Papers 2024-07, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    15. David W. Berger & Kyle F. Herkenhoff & Simon Mongey, 2019. "Labor Market Power," NBER Working Papers 25719, National Bureau of Economic Research, Inc.
    16. Mazzoli, Marco & Lombardini, Simone, 2021. "Business cycle in an oligopolistic economy with entry and exit," Journal of Macroeconomics, Elsevier, vol. 69(C).
    17. Bell, Brian & Bukowski, Pawel & Machin, Stephen, 2018. "Rent Sharing and Inclusive Growth," IZA Discussion Papers 12060, IZA Network @ LISER.
    18. Akin A. Cilekoglu, 2023. ""Labor Market Monopsony and Firm Behavior: Evidence from Spanish Exporters"," IREA Working Papers 202307, University of Barcelona, Research Institute of Applied Economics, revised Jul 2023.
    19. Sabien Dobbelaere & Boris Hirsch & Steffen Mueller & Georg Neuschaeffer, 2024. "Organized Labor, Labor Market Imperfections, and Employer Wage Premia," ILR Review, Cornell University, ILR School, vol. 77(3), pages 396-427, May.
    20. Aksoy, Yunus & Daripa, Arup & Samiri, Issam, 2025. "Firm ownership and the macroeconomics of incentive leakages," Working Paper Series 3033, European Central Bank.
    21. Yuqian Zhang, 2025. "Incentive Contract, Equity Pooling, and Optimal Securitization Design," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(3), pages 1558-1570, April.
    22. Anastasia Burya & Rui Mano & Mr. Yannick Timmer & Miss Anke Weber, 2022. "Monetary Policy Under Labor Market Power," IMF Working Papers 2022/128, International Monetary Fund.
    23. Calligaris, Sara & Chaves, Miguel & Criscuolo, Chiara & De Lyon, Joshua & Greppi, Andrea & Pallanch, Oliviero, 2024. "Industry concentration in Europe: Trends and methodological insights," LSE Research Online Documents on Economics 126768, London School of Economics and Political Science, LSE Library.
    24. Kahn, Matthew E. & Tracy, Joseph, 2024. "Monopsony in spatial equilibrium," Regional Science and Urban Economics, Elsevier, vol. 104(C).
    25. Elizabeth Weber Handwerker & Matthew Dey, 2024. "Some facts about concentrated labor markets in the United States," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 63(2), pages 132-151, April.
    26. Vives, Xavier & Azar, José, 2018. "Oligopoly, Macroeconomic Performance, and Competition Policy," CEPR Discussion Papers 13000, C.E.P.R. Discussion Papers.
    27. Marinescu, Ioana E. & Ouss, Ivan & Pape, Louis-Daniel, 2020. "Wages, Hires, and Labor Market Concentration," IZA Discussion Papers 13244, IZA Network @ LISER.
    28. Gregor Jarosch & Isaac Sorkin & Jan Sebastian Nimczik, 2019. "Granular Search, Concentration and Wages," 2019 Meeting Papers 1018, Society for Economic Dynamics.
    29. Brian Bell & Paweł Bukowski & Stephen Machin, 2024. "The Decline in Rent Sharing," Journal of Labor Economics, University of Chicago Press, vol. 42(3), pages 683-716.
    30. Jérémy Tanguy & Sylvie Blasco & Johanne Bacheron & Eva Moreno Galbis, 2024. "Labor market concentration and gender gaps," French Stata Users' Group Meetings 2024 31, Stata Users Group.
    31. Dodini, Samuel & Løken, Katrine & Willén, Alexander, 2022. "The Effect of Labor Market Competition on Firms, Workers, and Communities," Discussion Paper Series in Economics 17/2022, Norwegian School of Economics, Department of Economics.
    32. Dobbelaere, Sabien & McCormack, Grace & Prinz, Daniel & Sovago, Sandor, 2022. "Firm Consolidation and Labor Market Outcomes," IZA Discussion Papers 15724, IZA Network @ LISER.
    33. Marina Marfil-Cotilla & Juan A. Campos-Soria & Alejandro García-Pozo, 2024. "The gender wage gap across the wage distribution: Evidence in tourism at the sectoral level," Tourism Economics, , vol. 30(4), pages 996-1020, June.
    34. Andrew Leigh, 2023. "How uncompetitive markets hurt workers," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 26(1), pages 1-21.
    35. Giannakopoulos, Nicholas & Nicolitsas, Daphne, 2022. "Employers' associations and trade unions: co-existence or more?," GLO Discussion Paper Series 1140, Global Labor Organization (GLO).
    36. Marina Chugunova & Klaus Keller & Jose Azar & Sampsa Samila, 2023. "Monopsony and Automation," Rationality and Competition Discussion Paper Series 432, CRC TRR 190 Rationality and Competition.
    37. Tenreyro, Silvana & Abel, Will & Thwaites, Gregory, 2018. "Monopsony in the UK," CEPR Discussion Papers 13265, C.E.P.R. Discussion Papers.
    38. Anderlik, Jasmin & Jumaniyozova, Malika & Schmidpeter, Bernhard & Winter-Ebmer, Rudolf, 2024. "Monopsony: Wages, Wage Bargaining and Job Requirements," IZA Discussion Papers 17585, IZA Network @ LISER.
    39. Dodini, Samuel & Willén, Alexander & Zhu, Julia Li, 2023. "The Role of Labor Unions in Immigrant Integration," Discussion Paper Series in Economics 24/2023, Norwegian School of Economics, Department of Economics.
    40. David Autor & Christina Patterson & John Van Reenen, 2023. "Local and National Concentration Trends in Jobs and Sales: The Role of Structural Transformation," Working Papers 23-59, Center for Economic Studies, U.S. Census Bureau.
    41. Jonathan Hambur, 2023. "Did Labour Market Concentration Lower Wages Growth Pre-COVID?," RBA Research Discussion Papers rdp2023-02, Reserve Bank of Australia.
    42. Daniel Monte & Roberto Pinheiro, 2020. "Oligopsonies over the Business Cycle," Working Papers 20-06, Federal Reserve Bank of Cleveland.
    43. Romain Duval & Davide Furceri & Raphaël Lee & Marina M. Tavares, 2024. "Market power and monetary policy transmission," Economica, London School of Economics and Political Science, vol. 91(362), pages 669-700, April.
    44. Furbach, Nina, 2024. "Demographics, labor market power and the spatial equilibrium," Working Paper Series 2906, European Central Bank.
    45. Andrea Bassanini & Cyprien Batut & Eve Caroli, 2023. "Labor Market Concentration and Wages: Incumbents versus New Hires," Post-Print hal-04002685, HAL.
    46. Pawel Bukowski & Filip Novokmet, 2019. "Between communism and capitalism: long-term inequality in Poland, 1892-2015," CEP Discussion Papers dp1628, Centre for Economic Performance, LSE.
    47. Pedro S. Martins, 2018. "Making their own weather? Estimating employer labour-market power and its wage effects," Working Papers 95, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
    48. Dennery, Charles, 2020. "Monopsony with nominal rigidities: An inverted Phillips Curve," Economics Letters, Elsevier, vol. 191(C).
    49. Pawel Bukowski & Filip Novokmet, 2019. "Between Communism and Capitalism: Long-Term Inequality in Poland, 1892- 2015," World Inequality Lab Working Papers hal-02876995, HAL.
    50. Myongjin Kim & Qi Ge & Donggeun Kim, 2021. "Mergers and labor market outcomes in the US airline industry," Contemporary Economic Policy, Western Economic Association International, vol. 39(4), pages 849-866, October.
    51. Amodio, Francesco & Medina, Pamela & Morlacco, Monica, 2022. "Labor Market Power, Self-Employment, and Development," IZA Discussion Papers 15477, IZA Network @ LISER.
    52. Dodini, Samuel & Willén, Alexander, 2025. "The Power to Discriminate," Discussion Paper Series in Economics 10/2025, Norwegian School of Economics, Department of Economics.
    53. Chad Syverson, 2019. "Macroeconomics and Market Power: Context, Implications, and Open Questions," Journal of Economic Perspectives, American Economic Association, vol. 33(3), pages 23-43, Summer.
    54. Adam Richardson, 2019. "New Zealand Wage Inflation Post-crisis," RBA Annual Conference Papers acp2019-02, Reserve Bank of Australia, revised Jul 2019.
    55. Kevin Rinz, 2019. "Did Timing Matter? Life Cycle Differences in Effects of Exposure to the Great Recession," Working Papers 19-25, Center for Economic Studies, U.S. Census Bureau.
    56. Gilbert Cette & Lorraine Koehl & Thomas Philippon, 2019. "Labor Shares in Some Advanced Economies," Working papers 727, Banque de France.
    57. Riccardo Crescenzi & Roberto Ganau & Michael Storper, 2022. "Does foreign investment hurt job creation at home? The geography of outward FDI and employment in the USA," Journal of Economic Geography, Oxford University Press, vol. 22(1), pages 53-79.
    58. Callaci, Brian & Gibson, Matthew & Pinto, Sergio & Steinbaum, Marshall & Walsh, Matt, 2023. "The Effect of Franchise No-Poaching Restrictions on Worker Earnings," IZA Discussion Papers 16330, IZA Network @ LISER.
    59. Bukowski, Pawel & Novokmet, Filip, 2019. "Between communism and capitalism: long-term inequality in Poland, 1892-2015," LSE Research Online Documents on Economics 102814, London School of Economics and Political Science, LSE Library.
    60. Vladimír Peciar, 2021. "Empirical investigation into market power, markups and employment," MUNI ECON Working Papers 2021-03, Masaryk University, revised Feb 2023.
    61. Enrico Moretti & Moises Yi, 2025. "Size Matters: Matching Externalities and the Advantages of Large Labor Markets," Working Papers 25-22, Center for Economic Studies, U.S. Census Bureau.
    62. Bustos, Emil, 2023. "The Effect of Centrally Bargained Wages on Firm Growth," Working Paper Series 1456, Research Institute of Industrial Economics.
    63. Francesco Devicienti & Elena Grinza & Alessandro Manello & Davide Vannoni, 2025. "Employer cooperation, productivity and wages: new evidence from inter‐firm formal network agreements," Economica, London School of Economics and Political Science, vol. 92(365), pages 1-41, January.
    64. James Bessen & Erich Denk & Chen Meng, 2024. "Perpetuating wage inequality: evidence from salary history bans," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 22(3), pages 709-733, September.
    65. Chau, Nancy H. & Kanbur, Ravi & Soundararajan, Vidhya, "undated". "Employer Power and Employment in Developing Countries," Applied Economics and Policy Working Paper Series 324053, Cornell University, Department of Applied Economics and Management.
    66. Roger Blair & Perihan Saygin, 2021. "Uncertainty and the marginal revenue product–wage gap," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(3), pages 564-569, April.
    67. Nada Wasi & Chinnawat Devahastin Na Ayudhya & Pucktada Treeratpituk & Chommanart Nittayo, 2021. "Understanding a Less Developed Labor Market through the Lens of Social Security Data," PIER Discussion Papers 147, Puey Ungphakorn Institute for Economic Research.
    68. Anderton, Robert & Jarvis, Valerie & Labhard, Vincent & Morgan, Julian & Petroulakis, Filippos & Vivian, Lara, 2020. "Virtually everywhere? Digitalisation and the euro area and EU economies," Occasional Paper Series 244, European Central Bank.
    69. Mazumder, Soumyajit & Yan, Alan, 2020. "What Do Americans Want From (Private) Government? Experimental Evidence Demonstrates that Americans Want Workplace Democracy," SocArXiv j9asz, Center for Open Science.
    70. Alex Bryson & Michael White, 2019. "Migrants and Low-Paid Employment in British Workplaces," Work, Employment & Society, British Sociological Association, vol. 33(5), pages 759-776, October.
    71. Sokolova, Anna & Sorensen, Todd A., 2018. "Monopsony in Labor Markets: A Meta-Analysis," IZA Discussion Papers 11966, IZA Network @ LISER.
    72. Nolan, Brian & Richiardi, Matteo & Valenzuela, Luis, 2018. "The Drivers of Inequality in Rich Countries," INET Oxford Working Papers 2018-15, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    73. Claudia Macaluso & Brad Hershbein & Chen Yeh, 2019. "Concentration in U.S. local labor markets: evidence from vacancy and employment data," 2019 Meeting Papers 1336, Society for Economic Dynamics.
    74. Alejandro Estefan & Roberto Gerhard & Joseph P. Kaboski & Illenin O. Kondo & Wei Qian, 2024. "Outsourcing Policy and Worker Outcomes: Causal Evidence from a Mexican Ban," Opportunity and Inclusive Growth Institute Working Papers 084, Federal Reserve Bank of Minneapolis.
    75. Wagner, Konstantin, 2020. "Competition, cost structure, and labour leverage: Evidence from the U.S. airline industry," IWH Discussion Papers 21/2020, Halle Institute for Economic Research (IWH).
    76. Francesco Amodio & Michele Di Maio & Yifan Li & Patrizio Piraino, 2020. "Product market competition and the labour market: Evidence from South Africa," WIDER Working Paper Series wp-2020-39, World Institute for Development Economic Research (UNU-WIDER).
    77. Ilhan Dogus, 2019. "Rising wage differential between white-collar and blue-collar workers and market concentration: The case of the USA, 1964-2007," PSL Quarterly Review, Economia civile, vol. 72(290), pages 223-251.
    78. Pawel Bukowski & Filip Novokmet, 2019. "Between Communism and Capitalism: Long-Term Inequality in Poland, 1892- 2015," Working Papers hal-02876995, HAL.
    79. Ihsaan Bassier, 2019. "The wage-setting power of firms: Rent-sharing and monopsony in South Africa," WIDER Working Paper Series wp-2019-34, World Institute for Development Economic Research (UNU-WIDER).
    80. David Berger & Kyle Herkenhoff & Andreas R. Kostøl & Simon Mongey, 2023. "An Anatomy of Monopsony: Search Frictions, Amenities, and Bargaining in Concentrated Markets," NBER Chapters, in: NBER Macroeconomics Annual 2023, volume 38, National Bureau of Economic Research, Inc.
    81. Yue Qiu & Aaron Sojourner, 2023. "Labor-Market Concentration and Labor Compensation," ILR Review, Cornell University, ILR School, vol. 76(3), pages 475-503, May.
    82. Barkai, Simcha & Benzell, Seth G., 2024. "70 years of US corporate profits," Journal of Corporate Finance, Elsevier, vol. 87(C).
    83. Munguia Corella, Luis Felipe, 2020. "Minimum Wages in Monopsonistic Labor Markets," SocArXiv abpj9, Center for Open Science.
    84. Maryann Feldman & Frederick Guy & Simona Iammarino, 2019. "Regional income disparities, monopoly & finance," Working Papers 43, Birkbeck Centre for Innovation Management Research, revised Feb 2021.
    85. Kristin Forbes, 2019. "Has globalization changed the inflation process?," BIS Working Papers 791, Bank for International Settlements.
    86. Jamie Fogel & Bernardo Modenesi, 2023. "What is a Labor Market? Classifying Workers and Jobs Using Network Theory," Papers 2311.00777, arXiv.org.
    87. Steven Berry & Martin Gaynor & Fiona Scott Morton, 2019. "Do Increasing Markups Matter? Lessons from Empirical Industrial Organization," Journal of Economic Perspectives, American Economic Association, vol. 33(3), pages 44-68, Summer.
    88. FitzRoy, Felix & Nolan, Michael A., 2020. "Towards Economic Democracy and Social Justice: Profit Sharing, Co-Determination, and Employee Ownership," IZA Discussion Papers 13238, IZA Network @ LISER.
    89. Henry S. Farber & Daniel Herbst & ilyana Kuziemko & Suresh Naidu, 2018. "Unions and Inequality Over the Twentieth Century: New Evidence from Survey Data," Working Papers 620, Princeton University, Department of Economics, Industrial Relations Section..
    90. Lars Christian Bruno & Riana Steen, 2022. "Norwegian oil market concentration and its effects on the oil service companies 1993–2013," Scottish Journal of Political Economy, Scottish Economic Society, vol. 69(2), pages 242-262, May.
    91. Nicholas A. Ashford & Ralph P. Hall & Johan Arango-Quiroga & Kyriakos A. Metaxas & Amy L. Showalter, 2020. "Addressing Inequality: The First Step Beyond COVID-19 and Towards Sustainability," Sustainability, MDPI, vol. 12(13), pages 1-43, July.
    92. Kali, Raja & Liu, Andrew Yizhou, 2024. "Labor market power and worker turnover," European Economic Review, Elsevier, vol. 163(C).
    93. Albert Jan Hummel, 2021. "Monopsony power, income taxation and welfare," Tinbergen Institute Discussion Papers 21-051/VI, Tinbergen Institute.
    94. Bukowski, Pawel & Novokmet, Filip, 2021. "Between communism and capitalism: long-term inequality in Poland, 1892–2015," LSE Research Online Documents on Economics 110221, London School of Economics and Political Science, LSE Library.
    95. Corella Luis F. Munguía, 2020. "Minimum wages in monopsonistic labor markets," IZA Journal of Labor Economics, Sciendo & Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 9(1), pages 1-28, March.
    96. Olga Takács & János Vincze, 2023. "Where is the pain the most acute? The market segments particularly affected by gender wage discrimination in Hungary," CERS-IE WORKING PAPERS 2304, Institute of Economics, Centre for Economic and Regional Studies.
    97. Jorgen M. Harris & Rhiannon Jerch, 2025. "The long‐run effects of temporary protection from deportation," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 44(1), pages 151-182, January.
    98. Abramova, Inna, 2024. "Labor supply and M&A in the audit market," Journal of Accounting and Economics, Elsevier, vol. 78(1).
    99. Saxell, Tanja & Nurminen, Mikko, 2020. "Physician Prices and Competition: Evidence from Acquisitions in the Private Health Care Sector," Working Papers 130, VATT Institute for Economic Research.
    100. Juan Ignacio Palacio-Morena & Alejandro Mungaray-Lagarda & Lizbeth Salgado-Beltrán & Jaciel Ramsés Méndez-León, 2025. "Full Competition and Innovation," Sustainability, MDPI, vol. 17(2), pages 1-22, January.
    101. Holt, Andrew Chase, 2024. "Monopsony power in the United States: Evidence from the great depression," Explorations in Economic History, Elsevier, vol. 92(C).
    102. Minwoo Hyun, 2025. "Trapped or Transferred: Worker Mobility and Labor Market Power in the Energy Transition," Working Papers 25-76, Center for Economic Studies, U.S. Census Bureau.
    103. Anqi Chen & Laura D. Quinby & Gal Wettstein, 2022. "Employer Concentration and Labor Force Participation," Working Papers 22-08, Center for Economic Studies, U.S. Census Bureau.
    104. Brummund, Peter & Makowsky, Michael D., 2024. "Monopsony and Local Religious Clubs: Evidence from Indonesia," IZA Discussion Papers 16999, IZA Network @ LISER.
    105. Weil, Philippe & Petrosky-Nadeau, Nicolas & Wasmer, Etienne, 2021. "When Hosios meets Phillips: Connecting efficiency and stability to demand shocks," CEPR Discussion Papers 15833, C.E.P.R. Discussion Papers.
    106. Matthew Rochat, 2023. "The determinants of growing economic inequality within advanced democracies," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 70(4), pages 457-475, December.
    107. Yifan Chen & Sean Wilkoff & Jiro Yoshida, 2024. "Amazon is coming to town: Sequential information revelation in the housing market," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 52(2), pages 277-323, March.
    108. Geoff Weir, 2018. "Wage Growth Puzzles and Technology," RBA Research Discussion Papers rdp2018-10, Reserve Bank of Australia.
    109. Popp, Martin, 2024. "Minimum Wages in Concentrated Labor Markets," IZA Discussion Papers 17357, IZA Network @ LISER.
    110. Egger Hartmut & Hirsch Boris, 2025. "Monopsonistic Labour Markets," German Economic Review, De Gruyter, vol. 26(4), pages 305-313.
    111. Rodriguez, Francisco Javier Valverde, 2023. "The effects of Minimum Wage in the presence of Monopsonic power in Latin America: A study case for Mexico," SocArXiv 5x7uk, Center for Open Science.
    112. Hideki Nakamura & Joseph Zeira, 2024. "Automation and unemployment: help is on the way," Journal of Economic Growth, Springer, vol. 29(2), pages 215-250, June.
    113. Crescenzi, Riccardo & Iammarino, Simona & Ioramashvili, Carolin & Rodríguez-Pose, Andrés & Storper, Michael, 2020. "The geography of innovation and development: global spread and local hotspots," LSE Research Online Documents on Economics 105116, London School of Economics and Political Science, LSE Library.
    114. Anne-Katherine Cormier & Michael Francis & Kristina Hess & Guillaume Poulin-Bellisle, 2019. "Drivers of Weak Wage Growth in Advanced Economies," Staff Analytical Notes 2019-3, Bank of Canada.
    115. Alan Manning, 2021. "Monopsony in Labor Markets: A Review," ILR Review, Cornell University, ILR School, vol. 74(1), pages 3-26, January.
    116. Taskin, Ahmet Ali & Yaman, Firat, 2023. "The effect of branching deregulation on finance wage premium," FAU Discussion Papers in Economics 08/2023, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.
    117. Esteban Rossi-Hansberg & Pierre-Daniel Sarte & Nicholas Trachter, 2020. "Diverging Trends in National and Local Concentration," NBER Chapters, in: NBER Macroeconomics Annual 2020, volume 35, pages 115-150, National Bureau of Economic Research, Inc.
    118. Brian Callaci & Matthew Gibson & Sérgio Pinto & Marshall Steinbaum & Matt Walsh, 2024. "Grads on the Go: The Effect of Franchise No-Poaching Restrictions On Worker Earnings," Upjohn Working Papers 24-405, W.E. Upjohn Institute for Employment Research.
    119. Emilio Colombo & Alberto Marcato, 2021. "Skill Demand and Labour Market Concentration: Theory and Evidence from Italian Vacancies," DISEIS - Quaderni del Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo dis2104, Università Cattolica del Sacro Cuore, Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo (DISEIS).
    120. Bukowski, Pawel & Novokmet, Filip, 2019. "Between communism and capitalism: long-term inequality in Poland, 1892-2015," LSE Research Online Documents on Economics 102834, London School of Economics and Political Science, LSE Library.
    121. Andrea Bassanini & Cyprien Batut & Eve Caroli, 2023. "Labor Market Concentration and Stayers'Wages: Evidence from France," PSE Working Papers hal-04244671, HAL.
    122. Zhuravleva, Nadezhda, 2021. "How Bad Is Labor Market Concentration?: Evidence From Soviet (Urban) Satellites," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242405, Verein für Socialpolitik / German Economic Association.
    123. Lai, Shaojie & Li, Xiaorong & Liu, Shiang & Wang, Qing Sophie, 2022. "Institutional investors’ site visits and corporate employment decision-making," Journal of Contemporary Accounting and Economics, Elsevier, vol. 18(3).
    124. Cazzuffi, Chiara & Pereira-López, Mariana & Rosales, Irving & Soloaga, Isidro, 2023. "Monopsony Power and Labor Income Inequality in Mexico," IDB Publications (Working Papers) 13044, Inter-American Development Bank.
    125. Kevin Rinz, 2018. "Labor Market Concentration, Earnings Inequality, and Earnings Mobility," CARRA Working Papers 2018-10, Center for Economic Studies, U.S. Census Bureau.
    126. Terranova, Roberta & Turco, Enrico M., 2022. "Concentration, stagnation and inequality: An agent-based approach," Journal of Economic Behavior & Organization, Elsevier, vol. 193(C), pages 569-595.
    127. Pham, Hoang, 2023. "Trade reform, oligopsony, and labor market distortion: Theory and evidence," Journal of International Economics, Elsevier, vol. 144(C).
    128. Liebersohn, Jack, 2024. "How does competition affect retail banking? Quasi-experimental evidence from bank mergers," Journal of Financial Economics, Elsevier, vol. 154(C).
    129. Arnd Kölling, 2022. "Monopsony power and the demand for low-skilled workers," The Economic and Labour Relations Review, , vol. 33(2), pages 377-395, June.
    130. Cali,Massimiliano & Presidente,Giorgio, 2023. "Product Market Monopolies and Labor Market Monopsonies," Policy Research Working Paper Series 10388, The World Bank.
    131. Dobbelaere, Sabien & Hirsch, Boris & Müller, Steffen & Neuschäffer, Georg, 2023. "Organised labour, labour market imperfections, and employer wage premia," IWH Discussion Papers 20/2022, Halle Institute for Economic Research (IWH), revised 2023.
    132. Brenčič, Vera, 2024. "Distribution of vacancies and new hires across employers: Implications for job offers, skill requirements, and employers’ search outcomes," Labour Economics, Elsevier, vol. 91(C).
    133. Paweł Bukowski & Filip Novokmet, 2021. "Between communism and capitalism: long-term inequality in Poland, 1892–2015," Journal of Economic Growth, Springer, vol. 26(2), pages 187-239, June.
    134. Martins, Pedro S. & Dai, Li & Duan, Wenjing, 2024. "Local labour concentration moderates the disemployment effects of minimum wages in China," GLO Discussion Paper Series 1504, Global Labor Organization (GLO).
    135. Antonio Falato & Hyunseob Kim & Till von Wachter, 2022. "Shareholder Power and the Decline of Labor," Working Papers 22-17, Center for Economic Studies, U.S. Census Bureau.
    136. Ben Lipsius, 2018. "Labor Market Concentration does not Explain the Falling Labor Share," 2018 Papers pli1202, Job Market Papers.
    137. Benhabib, Jess & Hager, Mildred, 2021. "Revenue diversion, the allocation of talent, and income distribution," Mathematical Social Sciences, Elsevier, vol. 112(C), pages 138-144.
    138. Okudaira, Hiroko & Takizawa, Miho & Yamanouchi, Kenta, 2019. "Minimum wage effects across heterogeneous markets," Labour Economics, Elsevier, vol. 59(C), pages 110-122.
    139. Lawrence Mishel & Josh Bivens, 2021. "The Productivity-Median Compensation Gap in the United States: The Contribution of Increased Wage Inequality and the Role of Policy Choices," International Productivity Monitor, Centre for the Study of Living Standards, vol. 41, pages 61-97, Fall.
    140. Albanese, Mattia & Aliberti, Manfredi, 2024. "Workplace Training Unpacked: Labor Market Competition and Investment in General Skills," SocArXiv 4ugq5, Center for Open Science.
    141. Ghanshyam Sharma & Kurt W. Rotthoff, 2019. "Impact of Market Concentration on Employment and Wages: a Look at the Insurance Industry," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 47(2), pages 169-178, June.
    142. Hielke Van Doorslaer & Mattias Vermeiren, 2021. "Pushing on a String: Monetary Policy, Growth Models and the Persistence of Low Inflation in Advanced Capitalism," New Political Economy, Taylor & Francis Journals, vol. 26(5), pages 797-816, September.
    143. Vitor Costa, 2023. "Local Labor Market Effects of Mergers and Acquisitions in Developing Countries: Evidence from Brazil," Papers 2306.08797, arXiv.org.
    144. Akin A. Cilekoglu, 2023. "“Labor Market Monopsony and Firm Behavior: Evidence from Spanish Exporters”," AQR Working Papers 202304, University of Barcelona, Regional Quantitative Analysis Group, revised Jul 2023.
    145. Claudio Luccioletti, 2022. "Labor Market Power Across Cities," Working Papers wp2022_2214, CEMFI.
    146. Balmaceda, Felipe, 2025. "Occupational mismatch and market power," Journal of Development Economics, Elsevier, vol. 177(C).
    147. Samuel Dodini & Kjell Salvanes & Alexander L.P. Willén & Kjell G. Salvanes, 2021. "The Dynamics of Power in Labor Markets: Monopolistic Unions versus Monopsonistic Employers," CESifo Working Paper Series 9495, CESifo.
    148. Salvanes, Kjell G & Dodini, Samuel & Lovenheim, Michael F. & Willén, Alexander, 2020. "Monopsony, Skills, and Labor Market Concentration," CEPR Discussion Papers 15412, C.E.P.R. Discussion Papers.

  6. Hyunseob Kim, 2015. "How Does Labor Market Size Affect Firm Capital Structure? Evidence from Large Plant Openings," Working Papers 15-38, Center for Economic Studies, U.S. Census Bureau.

    Cited by:

    1. Ying Liang, 2024. "Firms' Risk Adjustments to Minimum Wage: Financial Leverage and Labor Share Trade-off," Papers 2408.03659, arXiv.org.
    2. Li, Zeguang & Huang, Yuanbiao & Hou, Keqiang, 2024. "Impacts of population aging on bank loan portfolios: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 95(C).
    3. Si, Deng-Kui & Meng, Mingyue & Wang, Jiaming & Zhou, Fuyou, 2024. "Does capital market liberalization increase corporate labor income share? Evidence from China," Economic Modelling, Elsevier, vol. 141(C).
    4. Yanyi Ye & Yun Wang & Xiaoguang Yang, 2022. "Bank loan information and information asymmetry in the stock market: evidence from China," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 8(1), pages 1-28, December.
    5. Akira, Yamaguchi, 2024. "The impact of news shock of the openings or expansions of large-scale semiconductor plants on local labour market in Japan," Japan and the World Economy, Elsevier, vol. 72(C).
    6. Moro, Andrea & Maresch, Daniela & Ferrando, Annalisa & Udell, Gregory F., 2017. "Does employment protection legislation affect credit access? Evidence from Europe," Working Paper Series 2063, European Central Bank.
    7. Donghui Shi & Ang Yang, 2023. "Do More Innovations Mean Less Reliance on Labor?—Evidence from Listed Chinese Manufacturing Companies in the Final Stage of Industrialization," Economies, MDPI, vol. 11(9), pages 1-19, September.
    8. Zhuo, Qianru & Lin, Yuanfeng & Qiu, Yajie & Shen, Zhe & Wang, Zhiqiang, 2024. "Employment protection and stock price crash risk: Evidence from China’s introduction of the labor contract law," Research in International Business and Finance, Elsevier, vol. 71(C).
    9. David A. Matsa, 2018. "Capital Structure and a Firm’s Workforce," NBER Working Papers 25125, National Bureau of Economic Research, Inc.
    10. Paseda, Oluseun & Obademi, Olalekan, 2020. "Macroeconomic variables and their effects on the capital structure of quoted Nigerian firms," MPRA Paper 117060, University Library of Munich, Germany, revised 31 Jan 2020.
    11. Timothy E. Dore & Rebecca Zarutskie, 2018. "Firm Leverage, Labor Market Size, and Employee Pay," Working Papers 18-36, Center for Economic Studies, U.S. Census Bureau.
    12. Neupane, Biwesh & Thapa, Chandra & Marshall, Andrew & Neupane, Suman & Shrestha, Chaman, 2024. "Do foreign institutional investors improve board monitoring?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 91(C).
    13. Liu, Guanchun & Liu, Yuanyuan & Zhang, Chengsi & Zhu, Yueteng, 2021. "Social insurance law and corporate financing decisions in China," Journal of Economic Behavior & Organization, Elsevier, vol. 190(C), pages 816-837.
    14. Bhardwaj,Abhishek & Ghose,Devaki & Mukherjee,Saptarshi & Singh,Manpreet, 2022. "Million Dollar Plants and Retail Prices," Policy Research Working Paper Series 9995, The World Bank.
    15. Gill, Balbinder Singh & Choi, Jongmoo Jay & John, Kose, 2024. "Firm leverage and employee pay: The moderating role of CEO leadership style," International Review of Financial Analysis, Elsevier, vol. 95(PA).
    16. Andrey Kulikov & Naief Alabed Alkader & Galina Panaedova & Aleksandr Ogorodnikov & Evgenii Rebeka, 2023. "Modelling Optimal Capital Structure in Gas and Oil Sector by Applying Simulation Theory and Programming Language of Python (Qatar Gas Transport Company)," Energies, MDPI, vol. 16(10), pages 1-15, May.
    17. Wang, Ying & Liu, Zisen & Wang, Xin, 2022. "The supply of analysts and earnings forecasts," International Review of Financial Analysis, Elsevier, vol. 84(C).
    18. Bloom, Nicholas & Brynjolfsson, Erik & Foster, Lucia & Jarmin, Ron & Patnaik, Megha & Saporta-Eksten, Itay & Van Reenen, John, 2019. "What drives differences in management practices?," LSE Research Online Documents on Economics 101175, London School of Economics and Political Science, LSE Library.
    19. YunGuo Liu & Minghui Zheng & Yue Xu & Sujuan Xie, 2023. "Deleveraging for talents: Human capital reliance and corporate leverage," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(5), pages 4823-4847, December.
    20. Jie (Jack) He & Tao Shu & Huan Yang, 2018. "The Employee Clientele of Corporate Leverage: Evidence from Personal Labor Income Diversification," Working Papers 18-01, Center for Economic Studies, U.S. Census Bureau.
    21. Zhilan Feng & Stephen M. Miller & Dogan Tirtiroglu, 2025. "Does Debt Management Matter for REIT Returns?," The Journal of Real Estate Finance and Economics, Springer, vol. 70(1), pages 1-37, January.
    22. Kim, Taehyun & Lim, Yaeji, 2024. "Environmental spillovers and local agglomeration: Evidence from large plant openings," Journal of Behavioral and Experimental Finance, Elsevier, vol. 43(C).
    23. Efraim Benmelech & Nittai K. Bergman & Hyunseob Kim, 2022. "Strong Employers and Weak Employees: How Does Employer Concentration Affect Wages?," Journal of Human Resources, University of Wisconsin Press, vol. 57(S), pages 200-250.

  7. John R. Graham & Hyunseob Kim & Si Li & Jiaping Qiu, 2013. "Human Capital Loss In Corporate Bankruptcy," Working Papers 13-37, Center for Economic Studies, U.S. Census Bureau.

    Cited by:

    1. Antonio Falato & Nellie Liang, 2016. "Do Creditor Rights Increase Employment Risk? Evidence from Loan Covenants," Journal of Finance, American Finance Association, vol. 71(6), pages 2545-2590, December.
    2. Gupta, Kartick & Krishnamurti, Chandrasekhar, 2018. "Does corporate social responsibility engagement benefit distressed firms? The role of moral and exchange capital," Pacific-Basin Finance Journal, Elsevier, vol. 50(C), pages 249-262.
    3. Chowdhury, Rajib & Doukas, John A., 2022. "Protection of trade secrets and value of cash holdings: Evidence from a natural experiment," Journal of Banking & Finance, Elsevier, vol. 143(C).
    4. Junwei Shi & Haiyan Fu, 2017. "Has The Industrial Structure Of Western Provinces In China Been Differential? Evidence From The Sip Framework," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 62(04), pages 905-928, September.
    5. Pandey, Ashish, 2016. "The Indian Insolvency and Bankruptcy Bill: A Squandered Opportunity," MPRA Paper 71698, University Library of Munich, Germany.
    6. Olsson, Martin & Tåg, Joacim, 2015. "Private Equity, Layoffs, and Job Polarization," Working Paper Series 1068, Research Institute of Industrial Economics.

  8. Alon Brav & Wei Jiang & Hyunseob Kim, 2011. "The Real Effects of Hedge Fund Activism: Productivity, Asset Allocation, and Labor Outcomes," NBER Working Papers 17517, National Bureau of Economic Research, Inc.

    Cited by:

    1. Franks, Julian & Becht, Marco & Wagner, Hannes & Grant, Jeremy, 2015. "The Returns to Hedge Fund Activism: An International Study," CEPR Discussion Papers 10507, C.E.P.R. Discussion Papers.
    2. Annette Bernhardt & Rosemary L. Batt & Susan Houseman & Eileen Appelbaum, 2016. "Domestic Outsourcing in the United States: A Research Agenda to Assess Trends and Effects on Job Quality," Upjohn Working Papers 16-253, W.E. Upjohn Institute for Employment Research.
    3. Bernhardt, Annette & Batt, Rosemary & Houseman, Susan & Appelbaum, Eileen, 2016. "Domestic Outsourcing in the U.S.: A Research Agenda to Assess Trends and Effects on Job Quality," Institute for Research on Labor and Employment, Working Paper Series qt2fm4m444, Institute of Industrial Relations, UC Berkeley.
    4. Lucian A. Bebchuk & Alon Brav & Wei Jiang, 2015. "The Long-Term Effects of Hedge Fund Activism," NBER Working Papers 21227, National Bureau of Economic Research, Inc.
    5. Karpouzis, Efstathios & Bouras, Chris & Kanas, Angelos, 2019. "Hedge fund activism, voice, and value creation," MPRA Paper 92576, University Library of Munich, Germany.

  9. John R. Graham & Hyunseob Kim, 2009. "The Effects of the Length of the Tax-Loss Carryback Period on Tax Receipts and Corporate Marginal Tax Rates," NBER Working Papers 15177, National Bureau of Economic Research, Inc.

    Cited by:

    1. Lutz Kruschwitz & Andreas Löffler, 2018. "Valuing the Tax Shield under Asymmetric Taxation," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 70(1), pages 3-17, February.
    2. Giacomo Brusco & Benjamin Glass, 2023. "Risky business: policy uncertainty and investment," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 30(5), pages 1331-1345, October.
    3. Christine L. Dobridge, 2016. "Fiscal Stimulus and Firms: A Tale of Two Recessions," Finance and Economics Discussion Series 2016-13, Board of Governors of the Federal Reserve System (U.S.).
    4. Kruschwitz, Lutz & Löffler, Andreas, 2015. "Marginal tax rates under asymmetric taxation," arqus Discussion Papers in Quantitative Tax Research 191, arqus - Arbeitskreis Quantitative Steuerlehre.
    5. Feld, Lars P. & Heckemeyer, Jost H. & Overesch, Michael, 2011. "Capital structure choice and company taxation: A meta-study," ZEW Discussion Papers 11-075, ZEW - Leibniz Centre for European Economic Research.
    6. Eric Zwick, 2018. "The Costs of Corporate Tax Complexity," NBER Working Papers 24382, National Bureau of Economic Research, Inc.

Articles

  1. Campello, Murillo & Kankanhalli, Gaurav & Kim, Hyunseob, 2024. "Delayed creative destruction: How uncertainty shapes corporate assets," Journal of Financial Economics, Elsevier, vol. 153(C).
    See citations under working paper version above.
  2. Efraim Benmelech & Nittai K. Bergman & Hyunseob Kim, 2022. "Strong Employers and Weak Employees: How Does Employer Concentration Affect Wages?," Journal of Human Resources, University of Wisconsin Press, vol. 57(S), pages 200-250.
    See citations under working paper version above.
  3. Kim, Hyunseob, 2020. "How does labor market size affect firm capital structure? Evidence from large plant openings," Journal of Financial Economics, Elsevier, vol. 138(1), pages 277-294.
    See citations under working paper version above.
  4. Hyunseob Kim & Howard Kung, 2017. "The Asset Redeployability Channel: How Uncertainty Affects Corporate Investment," The Review of Financial Studies, Society for Financial Studies, vol. 30(1), pages 245-280.

    Cited by:

    1. Zhang, Zhou, 2023. "Competition, investment reversibility, and equity risk premium," Journal of Banking & Finance, Elsevier, vol. 154(C).
    2. Dung T. T. Tran & Hieu V. Phan, 2022. "Government economic policy uncertainty and corporate debt contracting," International Review of Finance, International Review of Finance Ltd., vol. 22(1), pages 169-199, March.
    3. Francesca Barbiero & Glenn Schepens & Jean‐David Sigaux, 2024. "Liquidation Value and Loan Pricing," Journal of Finance, American Finance Association, vol. 79(1), pages 95-128, February.
    4. Le, Anh-Tuan & Ouyang, Puman, 2023. "The dark side of asset redeployability through the lens of corporate employment decisions," Journal of Corporate Finance, Elsevier, vol. 82(C).
    5. Hassan, M. Kabir & Karim, Md. Sydul & Kozlowski, Steven E., 2022. "Implications of public corruption for local firms: Evidence from corporate debt maturity," Journal of Financial Stability, Elsevier, vol. 58(C).
    6. Song, Zijie & Guo, Chenyun & Chen, Yanying & Zhu, Hang, 2025. "The value of public information: Media coverage of incumbent firms and entrepreneurial activities," Journal of Business Research, Elsevier, vol. 197(C).
    7. Tan, Man & Yang, Dengyu & Yang, Qijing, 2023. "Institutional quality, asset specificity, and foreign direct investment," Journal of International Money and Finance, Elsevier, vol. 134(C).
    8. Cumming, Douglas & Nguyen, My, 2025. "The impact of asset specificity on corporate tax avoidance: Do financial constraints and product market power matter?," The British Accounting Review, Elsevier, vol. 57(3).
    9. Hu, Xun & Xue, Cheng & Zhao, Xiangfang, 2025. "Corporate bond defaults and cross-regional investment: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 1514-1533.
    10. Zhao, Yan & Su, Kun, 2022. "Economic policy uncertainty and corporate financialization: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 82(C).
    11. Jeffrey Ng & Walid Saffar & Janus Jian Zhang, 2020. "Policy uncertainty and loan loss provisions in the banking industry," Review of Accounting Studies, Springer, vol. 25(2), pages 726-777, June.
    12. Li, Guangzi & Chan, Kam C., 2021. "Anti-corruption intensity and loan contracting: Evidence from non-state owned firms in China," Emerging Markets Review, Elsevier, vol. 49(C).
    13. Tut, Daniel & Cao, Melanie, 2021. "Capital Reallocation and Firm-Level Productivity Under Political Uncertainty," MPRA Paper 108528, University Library of Munich, Germany.
    14. Jin, Shan & Hoang, Khanh & Gan, Christopher & Nguyen, Quang Thi Thieu & Anh, Dao Le Trang, 2025. "Russo-Ukrainian geopolitical tensions: An empirical analysis of corporate investment in Europe," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
    15. Li, Tongxia & Lu, Chun & Chen, Zhihua, 2023. "The unintended consequence of collateral-based financing: Evidence from corporate cost behavior," Journal of Contemporary Accounting and Economics, Elsevier, vol. 19(1).
    16. Bai, Caiquan & Wang, Huimin & Xue, Qihang & Zhao, Yaping, 2025. "Financial crime and corporate social responsibility: Evidence from China," Journal of International Money and Finance, Elsevier, vol. 151(C).
    17. Hasan, Mostafa Monzur & Alam, Nurul, 2022. "Asset redeployability and trade credit," International Review of Financial Analysis, Elsevier, vol. 80(C).
    18. Kolev, Atanas & Randall, Timothy, 2024. "The effect of uncertainty on investment: Evidence from EU survey data," EIB Working Papers 2024/02, European Investment Bank (EIB).
    19. Sharon Belenzon & Victor Manuel Bennett & Andrea Patacconi, 2019. "Flexible Production and Entry: Institutional, Technological, and Organizational Determinants," Strategy Science, INFORMS, vol. 4(3), pages 193-216, September.
    20. Xu, Bing, 2019. "Permissible collateral and access to finance: Evidence from a quasi-natural experiment," China Economic Review, Elsevier, vol. 54(C), pages 237-255.
    21. Kim, Youngju & Lee, Seohyun & Lim, Hyunjoon, 2023. "Uncertainty, credit and investment: Evidence from firm-bank matched data," Journal of Banking & Finance, Elsevier, vol. 154(C).
    22. Taylor, Mark P. & Wang, Zigan & Xu, Qi, 2021. "The real effects of exchange rate risk on corporate investment: International evidence," Journal of International Money and Finance, Elsevier, vol. 117(C).
    23. Feng, Yumei & Yao, Shouyu & Wang, Chunfeng & Liao, Jing & Cheng, Feiyang, 2022. "Diversification and financialization of non-financial corporations: Evidence from China," Emerging Markets Review, Elsevier, vol. 50(C).
    24. Jing Wu & Zhaocheng Zhang & Sean X. Zhou, 2022. "Credit Rating Prediction Through Supply Chains: A Machine Learning Approach," Production and Operations Management, Production and Operations Management Society, vol. 31(4), pages 1613-1629, April.
    25. Esther Eiling & Raymond Kan & Ali Sharifkhani, 2018. "Sectoral Labor Reallocation and Return Predictability," Working Papers 2018-006, Human Capital and Economic Opportunity Working Group.
    26. Zhongbo Jing & Shiyu Lu & Yang Zhao & Jun Zhou, 2023. "Economic policy uncertainty, corporate investment decisions and stock price crash risk: Evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(S1), pages 1477-1502, April.
    27. Xinjie Wang & Yangru Wu & Weike Xu, 2024. "Geopolitical Risk and Investment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(8), pages 2023-2059, December.
    28. La-Bhus Fah Jirasavetakul & Mr. Antonio Spilimbergo, 2018. "Economic Policy Uncertainty in Turkey," IMF Working Papers 2018/272, International Monetary Fund.
    29. Segal, Gill, 2019. "A tale of two volatilities: Sectoral uncertainty, growth, and asset prices," Journal of Financial Economics, Elsevier, vol. 134(1), pages 110-140.
    30. Emilios Galariotis & Joëlle Miffre & Benoît Sévi, 2024. "Editorial for the special issue of the journal of banking & finance on asset pricing and factor investing," Post-Print hal-04528748, HAL.
    31. Jung, Seungho & Lee, Jongmin & Lee, Seohyun, 2021. "The impact of geopolitical risk on stock returns: Evidence from inter-Korea geopolitics," MPRA Paper 108006, University Library of Munich, Germany.
    32. Yin, Libo & Zhang, Jier & Li, Ying, 2025. "Firm financialization: The role of policy inconsistency," Finance Research Letters, Elsevier, vol. 80(C).
    33. Jan Hanousek & Anastasiya Shamshur & Jan Svejnar & Jiri Tresl, 2021. "Corruption level and uncertainty, FDI and domestic investment," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(9), pages 1750-1774, December.
    34. Huang, Wendi & Zhang, Weikang, 2024. "Exchange rate and corporate investment: Heterogeneous effects via the global value chain networks," Journal of International Money and Finance, Elsevier, vol. 147(C).
    35. Estrin, Saul & Hanousek, Jan & Shamshur, Anastasiya, 2024. "Does it matter who owns firms? Evidence on the impact of supermajority control on private firms in Europe," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    36. Marie-Baïanne Khder & Simon Ray, 2020. "Cash Accumulation by Non Financial Corporations: New Evidence of the Role of Hedging Needs and Lower Financing Costs in France," Economie et Statistique / Economics and Statistics, Institut National de la Statistique et des Etudes Economiques (INSEE), issue 520-521, pages 103-124.
    37. Ahsan, Faisal Mohammad & Popli, Manish & Kumar, Vikas, 2024. "Formal institutions and cross-border mergers and acquisitions: A systematic literature review and research agenda," International Business Review, Elsevier, vol. 33(5).
    38. Mingjun Deng & Xusheng Fang & Ziyan Tian & Wenbing Luo, 2022. "The Impact of Environmental Uncertainty on Corporate Innovation: Evidence from Chinese Listed Companies," Sustainability, MDPI, vol. 14(9), pages 1-19, April.
    39. Luu, Ellie & Xu, Fangming & Zheng, Liyi, 2023. "Short-selling activities in the time of COVID-19," The British Accounting Review, Elsevier, vol. 55(4).
    40. Hege, Ulrich & Zhang, Yifei, 2022. "Activism Waves and the Market for Corporate Assets," TSE Working Papers 22-1397, Toulouse School of Economics (TSE).
    41. Amir Kermani & Yueran Ma, 2020. "Asset Specificity of Non-Financial Firms," NBER Working Papers 27642, National Bureau of Economic Research, Inc.
    42. Chuanzhen Li & Liang Zhao & Yiwen Zhang, 2024. "Economic policy uncertainty and cash dividend policy: evidence from China," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-17, December.
    43. Christian Dreyer & Oliver Schulz, 2023. "Policy uncertainty and corporate investment: public versus private firms," Review of Managerial Science, Springer, vol. 17(5), pages 1863-1898, July.
    44. Mario Daniele Amore & Mariano Mastrogiorgio, 2022. "Technological Entry, Redeployability, and Firm Value," Journal of Management Studies, Wiley Blackwell, vol. 59(7), pages 1688-1722, November.
    45. Gonchar, Ksenia & Greve, Maria, 2022. "The impact of political risk on FDI exit decisions," Economic Systems, Elsevier, vol. 46(2).
    46. Khanh Hoang, 2022. "How does corporate R&D investment respond to climate policy uncertainty? Evidence from heavy emitter firms in the United States," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(4), pages 936-949, July.
    47. Liu, Guanchun & Hu, May & Cheng, Chen, 2021. "The information transfer effects of political connections on mitigating policy uncertainty: Evidence from China," Journal of Corporate Finance, Elsevier, vol. 67(C).
    48. Lai, Fujun & Xiong, Deping & Zhu, Sha & Li, Yunzhong & Tan, Yanzhi, 2023. "Will geopolitical risks only inhibit corporate investment? Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 82(C).
    49. Demirguc-Kunt, Asli & Horvath, Balint L. & Huizinga, Harry, 2023. "Loan Recoveries and the Financing of Zombie Firms over the Business Cycle," Discussion Paper 2023-017, Tilburg University, Center for Economic Research.
    50. Ganwen Zheng & Songping Zhu, 2021. "Research on the Effectiveness of China’s Macro Control Policy on Output and Technological Progress under Economic Policy Uncertainty," Sustainability, MDPI, vol. 13(12), pages 1-18, June.
    51. Harris, Oneil & Nguyen, Trung, 2024. "Asset redeployability and the market reaction to cyberattacks," Finance Research Letters, Elsevier, vol. 70(C).
    52. Huang, Wendi & Peng, Ye, 2025. "Anti-corruption and corporate investment: Evidence from financial disclosure laws," Journal of Corporate Finance, Elsevier, vol. 92(C).
    53. Zhang, Cheng & Yang, Chunhong & Liu, Cheng, 2021. "Economic policy uncertainty and corporate risk-taking: Loss aversion or opportunity expectations," Pacific-Basin Finance Journal, Elsevier, vol. 69(C).
    54. Hoang, Khanh & Nguyen, Cuong & Huynh, Toan Luu Duc & Zhang, Hailiang & Vu, Van Thi Thuy, 2025. "How does carbon transition risk drive corporate diversification? Evidence from heavy emitter firms in China," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 1971-1994.
    55. Hackbarth, Dirk & Gu, Lifeng & Johnson, Timothy, 2017. "Inflexibility and Stock Returns," CEPR Discussion Papers 12441, C.E.P.R. Discussion Papers.
    56. Guiming Liao & Zheli Hu & Zhichen Yang & Qianlin Yin & Jiahui Chen, 2025. "The Perception of Policy Uncertainty and the Labor Income Share of Firms: Empirical Research Based on Double Machine Learning," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(2), pages 999-1011, March.
    57. Buu Kiem Dang & Duc Toan Vo & Nguyen Tuyet Minh Ha, 2025. "The impact of economic uncertainty and institutional quality on bank profitability: global evidence," International Economics and Economic Policy, Springer, vol. 22(3), pages 1-29, July.
    58. Ho, Tuan & Kim, Kirak & Li, Yang & Xu, Fangming, 2023. "Does real flexibility help firms navigate the COVID-19 pandemic?," The British Accounting Review, Elsevier, vol. 55(4).
    59. Dirk Dohse & Rajeev K. Goel & James W. Saunoris, 2024. "Supply chain constraints and research spending: an international investigation," The Journal of Technology Transfer, Springer, vol. 49(4), pages 1369-1386, August.
    60. Fallah, Mohammadali & Kadapakkam, Palani-Rajan & Oliveira, Mauro, 2025. "Impact of vertical mergers on rivals' cost of debt," Global Finance Journal, Elsevier, vol. 67(C).
    61. Songping Zhu & Gaofeng Yu, 2022. "The Impact of Economic Policy Uncertainty on Industrial Output: The Regulatory Role of Technological Progress," Sustainability, MDPI, vol. 14(16), pages 1-18, August.
    62. Bleck, Alexander & Liu, Xuewen, 2018. "Credit expansion and credit misallocation," Journal of Monetary Economics, Elsevier, vol. 94(C), pages 27-40.
    63. Benkraiem, Ramzi & Gaaya, Safa & Lakhal, Faten & Lakhal, Nadia, 2023. "Economic policy uncertainty, investor protection, and the value of excess cash: A cross-country comparison," Finance Research Letters, Elsevier, vol. 52(C).
    64. Rahaman, Mohammad M. & Rau, P. Raghavendra & Zaman, Ashraf Al, 2020. "The effect of supply chain power on bank financing," Journal of Banking & Finance, Elsevier, vol. 114(C).
    65. Cheonkoo Kim & Jungsoo Park & Donghyun Park & Shu Tian, 2022. "Heterogeneous Effect of Uncertainty on Corporate Investment: Evidence from Listed Firms in the Republic of Korea," ADB Economics Working Paper Series 648, Asian Development Bank.
    66. Duong, Huu Nhan & Khalifa, Mariem & Sheikhbahaei, Ali & Sualihu, Mohammed Aminu, 2024. "Corporate noncompliance: Do corporate violations affect bank loan contracting?," Journal of Banking & Finance, Elsevier, vol. 166(C).
    67. Long, Houyin & Huang, Xiang & Wang, Jiaxin, 2023. "How does energy finance promote energy transition? Evidence from Shanghai crude oil futures," International Review of Financial Analysis, Elsevier, vol. 90(C).
    68. Liao, Zhongju & Chen, Jie & Chen, Xueli & Song, Malin, 2024. "Digital platform capability, environmental innovation quality, and firms’ competitive advantage: The moderating role of environmental uncertainty," International Journal of Production Economics, Elsevier, vol. 268(C).
    69. Youtao Xiang & Sumuya Borjigin, 2024. "High–low volatility spillover network between economic policy uncertainty and commodity futures markets," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 44(8), pages 1295-1319, August.
    70. Brigitte Eierle & Sven Hartlieb & Andreas Kress & Francesco Mazzi, 2021. "Hedge Accounting and Firms’ Future Investment Spending," Working Papers - Business wp2021_01.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    71. Habib, Ahsan & Ranasinghe, Dinithi, 2022. "Asset redeployability and credit ratings," Finance Research Letters, Elsevier, vol. 50(C).
    72. Tongxia Li & Chun Lu, 2023. "Local social environment and the speed of leverage adjustment," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(2), pages 1919-1952, June.
    73. Song, Jeongseop & Zhang, Fan, 2024. "Regional market uncertainty and corporate investment," The North American Journal of Economics and Finance, Elsevier, vol. 69(PB).
    74. Do, Trung K., 2024. "Asset redeployability and green innovation," Journal of Financial Stability, Elsevier, vol. 72(C).
    75. Tong, Chen & Huang, Zhuo & Wang, Tianyi & Zhang, Cong, 2023. "The effects of economic uncertainty on financial volatility: A comprehensive investigation," Journal of Empirical Finance, Elsevier, vol. 73(C), pages 369-389.
    76. Ouyang, Puman & Zhong, Ligang, 2023. "Asset redeployability and dividend payout policy," The Quarterly Review of Economics and Finance, Elsevier, vol. 90(C), pages 91-105.
    77. Ge, Jianjun & Li, Donghui & Ni, Yingzhao & Yang, Shijie, 2022. "Inflexibility and corporate innovation: Cross-country evidence," Journal of Multinational Financial Management, Elsevier, vol. 64(C).
    78. Haque, Tariq & Pham, Thu Phuong & Yang, Jiaxin, 2023. "Geopolitical risk, financial constraints, and tax avoidance," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 88(C).
    79. Liu, Hao & Yi, Xingjian & Yin, Libo, 2021. "The impact of operating flexibility on firms’ performance during the COVID-19 outbreak: Evidence from China," Finance Research Letters, Elsevier, vol. 38(C).
    80. Sangyup Choi & Davide Furceri & Chansik Yoon, 2019. "Policy Uncertainty and FDI Flows: The Role of Institutional Quality and Financial Development," Working papers 2019rwp-144, Yonsei University, Yonsei Economics Research Institute.
    81. Long, Shaobo & Li, Jieyu & Luo, Tianyuan, 2023. "The asymmetric impact of global economic policy uncertainty on international grain prices," Journal of Commodity Markets, Elsevier, vol. 30(C).
    82. Wang, Hanying & Qi, Ju & Li, Zhuohua & Sensoy, Ahmet & Xing, Hongwei, 2024. "Excessive financialization and “Original Sin Theory”: Redemption from corporate reputation," Research in International Business and Finance, Elsevier, vol. 70(PA).
    83. Chen, Xian, 2024. "Common ownership along the supply chain and supplier innovations," Pacific-Basin Finance Journal, Elsevier, vol. 87(C).
    84. Long Ren & Shaojie Cong & Xinlong Xue & Daqing Gong, 2024. "Credit rating prediction with supply chain information: a machine learning perspective," Annals of Operations Research, Springer, vol. 342(1), pages 657-686, November.
    85. Wang, Jiaxin & Huang, Hongyan & Huang, Xiang & Sun, Di & Song, Zilong, 2024. "Returning from overseas: STEMs migration and corporate digitalization," International Review of Financial Analysis, Elsevier, vol. 91(C).
    86. Luis Araujo & Qingqing Cao & Raoul Minetti & Pierluigi Murro, 2019. "Credit Crunches, Asset Prices and Technological Change," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 32, pages 153-179, April.
    87. Hammoudeh, Mosab & Nain, Amrita & Qian, Yiming, 2022. "The role of divestitures in horizontal mergers11We thank Jon Garfinkel, Jayant Kale, Kai Li, Gordon Philips, Anand Vijh, Thomas Wollmann, David Ravenscraft and participants at the 2016 American Finance Association Meetings, Mitsui Finance Symposium 2," Journal of Corporate Finance, Elsevier, vol. 72(C).
    88. Chen, Lingtao & Yuan, Yongna & Zhao, Na, 2022. "The effect of oil price uncertainty on corporate investment in the presence of growth options: Evidence from listed companies in China (1998–2019)," The North American Journal of Economics and Finance, Elsevier, vol. 62(C).
    89. Simone Santamaria, 2022. "Portfolio Entrepreneurs’ Behavior and Performance: A Resource Redeployment Perspective," Management Science, INFORMS, vol. 68(1), pages 333-354, January.
    90. Servaes, Henri & Meier, Jean-Marie A., 2014. "Distressed Acquisitions," CEPR Discussion Papers 10093, C.E.P.R. Discussion Papers.
    91. Beutler, Toni & Grobéty, Mathieu, 2019. "The collateral channel under imperfect debt enforcement," European Economic Review, Elsevier, vol. 111(C), pages 336-359.
    92. Teresa A. Dickler & Timothy B. Folta, 2020. "Identifying internal markets for resource redeployment," Strategic Management Journal, Wiley Blackwell, vol. 41(13), pages 2341-2371, December.
    93. Chen, Haosi & Maslar, David A. & Serfling, Matthew, 2020. "Asset redeployability and the choice between bank debt and public debt," Journal of Corporate Finance, Elsevier, vol. 64(C).
    94. Hoang, Khanh & Arif, Muhammad & Nguyen, Cuong, 2022. "Corporate investment and government policy during the COVID-19 crisis," International Review of Economics & Finance, Elsevier, vol. 80(C), pages 677-696.
    95. Döttling, Robin & Ratnovski, Lev, 2020. "Monetary policy and intangible investment," Working Paper Series 2444, European Central Bank.
    96. Simone Boccaletti & Vittoria Cerasi, 2021. "Liquidation value of productive assets and product differentiation," Working Papers 483, University of Milano-Bicocca, Department of Economics, revised Oct 2021.
    97. Hanming Fang & Zhe Li & Nianhang Xu & Hongjun Yan, 2023. "Firms and Local Governments: Relationship Building during Political Turnovers," Review of Finance, European Finance Association, vol. 27(2), pages 739-762.
    98. Joel T. Harper & Li Sun, 2025. "Asset redeployability and corporate social responsibility," Review of Quantitative Finance and Accounting, Springer, vol. 64(4), pages 1595-1631, May.
    99. Valentin Grob & Gabriel Züllig, 2024. "Corporate leverage and the effects of monetary policy on investment: A reconciliation of micro and macro elasticities," IRENE Working Papers 24-04, IRENE Institute of Economic Research.
    100. Ian Wright, 2015. "Firm Investment and the Term Structure of Uncertainty," Economics Working Papers 15104, Hoover Institution, Stanford University.
    101. Su, Kun & Zhao, Yan & Wang, Yinghui, 2024. "Customer concentration and corporate financialization: Evidence from non-financial firms in China," Research in International Business and Finance, Elsevier, vol. 68(C).
    102. Fu, Xiaoxia & Wang, Shanshan & Jia, Jia, 2024. "Equity incentives and dynamic adjustments to corporate financialization: Evidence from Chinese A-share listed companies," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 948-966.
    103. Tung Nguyen & Dimitris Petmezas & Nikolaos Karampatsas, 2023. "Does Terrorism Affect Acquisitions?," Management Science, INFORMS, vol. 69(7), pages 4134-4168, July.
    104. Fich, Eliezer M. & Nguyen, Tung & Petmezas, Dimitris, 2023. "The effects of terrorist attacks on inventor productivity and mobility," Research Policy, Elsevier, vol. 52(1).
    105. Hossain, Md. Imran & Duong, Huu Nhan & Al Mamun, Md & Docherty, Paul, 2023. "Collateral shocks and M&A decisions," Journal of Corporate Finance, Elsevier, vol. 82(C).
    106. Şenay Ağca & John R. Birge & Zi'ang Wang & Jing Wu, 2023. "The impact of COVID‐19 on supply chain credit risk," Production and Operations Management, Production and Operations Management Society, vol. 32(12), pages 4088-4113, December.
    107. Zihang Peng & Pengguo Wang & Demetris Christodoulou, 2024. "Bridging the gap between stock price and bottom-line accounting numbers," Review of Accounting Studies, Springer, vol. 29(1), pages 701-735, March.
    108. Yung, Kenneth & Cai, Qiuye & Li, Deqing Diane, 2023. "Greasing the wheels of irreversible investment: International evidence on the economic effects of corruption," Global Finance Journal, Elsevier, vol. 58(C).
    109. Hsu, Po-Hsuan & Taylor, Mark P. & Wang, Zigan & Xu, Qi, 2022. "Currency volatility and global technological innovation," Journal of International Economics, Elsevier, vol. 137(C).
    110. Ghaly, Mohamed & Dang, Viet Anh & Stathopoulos, Konstantinos, 2020. "Institutional investors' horizons and corporate employment decisions," Journal of Corporate Finance, Elsevier, vol. 64(C).
    111. Rong, Yuen & Tian, Cunzhi & Li, Lifang & Zheng, Xinwei, 2020. "Does asset redeployability affect corporate investment and equity value?," International Review of Economics & Finance, Elsevier, vol. 70(C), pages 479-492.
    112. Cheng, Maoyong & Meng, Yu & Jin, Justin & Nainar, S.M. Khalid, 2024. "Leadership vacuum and corporate investment," Journal of Financial Stability, Elsevier, vol. 74(C).
    113. Liu, Yuanyuan & Li, Jing & Liu, Guanchun & Lee, Chien-Chiang, 2021. "Economic policy uncertainty and firm’s cash holding in China: The key role of asset reversibility," Journal of Asian Economics, Elsevier, vol. 74(C).
    114. Geng, Yini & Zheng, Zhiqiang & Ma, Yongjian, 2023. "Digitization, perception of policy uncertainty, and corporate green innovation: A study from China," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 544-557.
    115. Mostafa Monzur Hasan & Ahsan Habib & Nurul Alam, 2021. "Asset Redeployability and Corporate Tax Avoidance," Abacus, Accounting Foundation, University of Sydney, vol. 57(2), pages 183-219, June.
    116. Umar Farooq & Mosab I. Tabash & Ahmad A. Al-Naimi & Krzysztof Drachal, 2022. "Corporate Investment Decision: A Review of Literature," JRFM, MDPI, vol. 15(12), pages 1-17, December.
    117. Usman, Adam, 2022. "Cash holdings and real asset liquidity," International Review of Financial Analysis, Elsevier, vol. 83(C).
    118. Mostafa Monzur Hasan & Adrian (Wai‐Kong) Cheung & Lidia Tunas & Hung Wan Kot, 2021. "Firm life cycle and trade credit," The Financial Review, Eastern Finance Association, vol. 56(4), pages 743-771, November.
    119. Ilyas, Muhammad & Khan, Aamir & Nadeem, Muhammad & Suleman, Muhammad Tahir, 2021. "Economic policy uncertainty, oil price shocks and corporate investment: Evidence from the oil industry," Energy Economics, Elsevier, vol. 97(C).
    120. Dang, Dandan & Fang, Hongsheng & He, Minyuan, 2019. "Economic policy uncertainty, tax quotas and corporate tax burden: Evidence from China," China Economic Review, Elsevier, vol. 56(C), pages 1-1.
    121. Xie, Linlin & Liu, Yangbo & Jiang, Tianhao, 2024. "Executives with business education background and cost of debt financing: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 90(C), pages 283-296.
    122. Sun, Li, 2023. "Asset redeployability and readability of annual report," Research in International Business and Finance, Elsevier, vol. 64(C).
    123. Melike Bildirici & Özgür Ömer Ersin & Godwin Olasehinde-Williams, 2025. "Climate Policy Uncertainty, Environmental Regulatory Arbitrage, and Internal Carbon Leakage in the European Union: Fourier ARDL and Causality Analyses," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(3), pages 13776-13810, September.
    124. Cui, Chuantao & Li, Leona Shao-Zhi, 2021. "The effect of the US–China trade war on Chinese new firm entry," Economics Letters, Elsevier, vol. 203(C).
    125. Hoang, Khanh & Pham, Linh & Ha, Oanh Kieu & Nghiem, Hoa Xuan, 2025. "Firm-level climate change exposure and firm efficiency," International Review of Economics & Finance, Elsevier, vol. 101(C).
    126. Li, Kaifeng & Xia, Bobo & Chen, Yun & Ding, Ning & Wang, Jie, 2021. "Environmental uncertainty, financing constraints and corporate investment: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 70(C).
    127. Yang, Zhonghai & Lu, Yang & Tan, Wenhao, 2021. "Monetary policy tightening, accounting information comparability, and underinvestment: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 123-147.
    128. Chen, Yangyang & Goyal, Abhinav & Veeraraghavan, Madhu & Zolotoy, Leon, 2020. "Terrorist attacks, investor sentiment, and the pricing of initial public offerings," Journal of Corporate Finance, Elsevier, vol. 65(C).
    129. Chowdhury, Md Shahedur R. & Aram, Mohsen & Javadi, Siamak & Nejadmalayeri, Ali, 2025. "Geopolitical risk and corporate capital structure," Journal of Corporate Finance, Elsevier, vol. 93(C).
    130. Liu, Guanchun & Zhang, Chengsi, 2020. "Economic policy uncertainty and firms' investment and financing decisions in China," China Economic Review, Elsevier, vol. 63(C).
    131. Guo, Yumei & Huang, Xianjing & Peng, Yuchao, 2020. "How does house price influence monetary policy transmission?," International Review of Financial Analysis, Elsevier, vol. 72(C).
    132. Ian Wright, 2015. "Firm Investment and the Term Structure of Uncertainty," Discussion Papers 15-014, Stanford Institute for Economic Policy Research.
    133. Jan Hanousek & Anastasiya Shamshur & Jiri Tresl, 2017. "To Bribe or not to Bribe? Corruption Uncertainty and Corporate Practices," CERGE-EI Working Papers wp597, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    134. Chen, Yanyan, 2022. "Does political turnover affect corporate investment? Evidence from China," Emerging Markets Review, Elsevier, vol. 51(PA).
    135. Jiang, Lisha & Zhou, Wei & Hualiang, Wu & Deng, Wei, 2025. "Impact of business environment uncertainty on ESG performance from the perspective of resource supply and demand based on ESG performance," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 1012-1030.
    136. Xu, Bing, 2018. "Permissible collateral and access to finance: Evidence from a quasi-natural experiment," BOFIT Discussion Papers 3/2018, Bank of Finland Institute for Emerging Economies (BOFIT).
    137. Hu, Yichuan & Xue, Chang & Zhou, Xiaoyu, 2023. "Risk without strike: Nuclear crisis and corporate investment," European Economic Review, Elsevier, vol. 159(C).
    138. Grundy, Bruce D. & Verwijmeren, Patrick, 2020. "The external financing of investment," Journal of Corporate Finance, Elsevier, vol. 65(C).
    139. Assil Guizani & Hamza Nizar & Faten Lakhal & Taher Hamza & Ramzi Benkraiem, 2025. "Does climate risk vulnerability affect the value of excess cash? International evidence," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(3), pages 2662-2681, July.
    140. Li, Xiao-Lin & Qiu, Guojing & Ding, Hui, 2022. "The impact of exchange rate policy uncertainty shock on Chinese energy firms' risk-taking," Energy Economics, Elsevier, vol. 105(C).
    141. Hwang, Yunji & Hun Han, Seung, 2022. "Terrorist attacks, CEO overconfidence, and CEO compensation," Finance Research Letters, Elsevier, vol. 46(PA).
    142. Inoue, Hitoshi & Kani, Masayo & Nakashima, Kiyotaka, 2019. "The Dynamic Effect of Uncertainty on Corporate Investment through Internal and External Financing," MPRA Paper 98533, University Library of Munich, Germany.
    143. Li, Yanqiong & He, Jie & Xiao, Min, 2019. "Risk disclosure in annual reports and corporate investment efficiency," International Review of Economics & Finance, Elsevier, vol. 63(C), pages 138-151.
    144. Lu, Jiajun & Lv, Linying & Wang, Yizhong & Zhu, Yueteng, 2025. "The real effect of monetary policy under uncertainty: Evidence from the change in corporate financing purposes," Journal of Banking & Finance, Elsevier, vol. 172(C).
    145. Ke Guo & Xuemeng Guo & Jun Zhang, 2023. "Financial asset allocation duality and enterprise upgrading: empirical evidence from the Chinese A-share market," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 10(1), pages 1-11, December.
    146. Gao, Lin & Hitzemann, Steffen & Shaliastovich, Ivan & Xu, Lai, 2022. "Oil volatility risk," Journal of Financial Economics, Elsevier, vol. 144(2), pages 456-491.
    147. Amir Kermani & Yueran Ma, 2020. "Two Tales of Debt," NBER Working Papers 27641, National Bureau of Economic Research, Inc.
    148. Xiaoming Peng & Yihao Li & Chengxin Guo & Liang Peng & Sijin Tan, 2023. "“Risk” or “Opportunity”? The High Sensitivity of Corporate Green Innovation to Environmental Policy Uncertainty: Evidence from China," Sustainability, MDPI, vol. 15(11), pages 1-18, June.
    149. Kim, Jeong-Bon & Tseng, Kevin & Wang, Jundong (Jeff) & Xi, Yaoyi, 2024. "Policy uncertainty, bad news disclosure, and stock price crash risk," Journal of Empirical Finance, Elsevier, vol. 78(C).
    150. Lin, Xin & Hui, Eddie Chi-man & Cong, Zhenglong & Shen, Jianfu, 2026. "Solving coordination failures: Collective land transfer rights and rural entrepreneurship," Journal of Development Economics, Elsevier, vol. 178(C).
    151. Luo, Changyuan & Wang, Ning, 2025. "U.S.-China trade frictions and supply chain reconstruction: Perspective from indirect links," Journal of International Money and Finance, Elsevier, vol. 151(C).
    152. Zhang, Dongyang & He, Yurun & Lu, Meiting, 2024. "Is energy firms' investment behavior more sensitive on corporate perception of monetary policy?," Energy Economics, Elsevier, vol. 136(C).
    153. Deng, Saiying & Duan, Tinghua & Li, Frank Weikai & Pu, Xiaoling, 2025. "Major customers and carbon footprints along the supply chain," Journal of Corporate Finance, Elsevier, vol. 92(C).
    154. Zhang, Ke & Zhang, Xujun & Xiong, Lingyun & Rao, Bin, 2024. "The stabilizing effect of government guarantees in real economy investment: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 91(C), pages 219-240.
    155. Aytekin Ertan & Yun Lee & Regina Wittenberg-Moerman, 2025. "Unexpected defaults: the role of information opacity," Review of Accounting Studies, Springer, vol. 30(1), pages 899-949, March.
    156. Zhen Yu & Yuankun Li & Jing Zhao, 2023. "Epidemic outbreak and foreign direct investment fluctuation," The World Economy, Wiley Blackwell, vol. 46(4), pages 1051-1081, April.
    157. Chen, Yangyang & Ofosu, Emmanuel & Veeraraghavan, Madhu & Zolotoy, Leon, 2023. "Does CEO overconfidence affect workplace safety?," Journal of Corporate Finance, Elsevier, vol. 82(C).
    158. Thunyanee Pothisarn & Pattanaporn Chatjuthamard & Pornsit Jiraporn & Suwongrat Papangkorn, 2023. "Sustainability, asset redeployability, and board gender diversity," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(4), pages 1738-1752, July.
    159. Hang Bai & Erica X.N. Li & Chen Xue & Lu Zhang, 2019. "Firm-level Irreversibility," NBER Working Papers 26372, National Bureau of Economic Research, Inc.
    160. Rashid Zaman & Nader Atawnah & Muhammad Nadeem & Stephen Bahadar & Irfan Haider Shakri, 2022. "Do liquid assets lure managers? Evidence from corporate misconduct," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 49(7-8), pages 1425-1453, July.
    161. Zhang, Weike & Zhang, Xueyuan & Tian, Xiaoli & Sun, Fengwei, 2021. "Economic policy uncertainty nexus with corporate risk-taking: The role of state ownership and corruption expenditure," Pacific-Basin Finance Journal, Elsevier, vol. 65(C).
    162. Ahmed, Maruf Yakubu & Sarkodie, Samuel Asumadu, 2021. "COVID-19 pandemic and economic policy uncertainty regimes affect commodity market volatility," Resources Policy, Elsevier, vol. 74(C).
    163. Gurmeet S. Bhabra & Ashrafee T. Hossain, 2023. "Asset redeployability and CEO inside debt," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(4), pages 4299-4331, December.
    164. Bouteska, Ahmed & Sharif, Taimur & Hajek, Petr & Abedin, Mohammad Zoynul, 2024. "Aversion and ambiguity: On the robustness of the macroeconomic uncertainty measure framework," Technological Forecasting and Social Change, Elsevier, vol. 203(C).
    165. Josh Martin & Kyle Jones, 2022. "An Occupation and Asset Driven Approach to Capital Utilisation Adjustment in Productivity Statistics," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2022-11, Economic Statistics Centre of Excellence (ESCoE).
    166. Peng Liu & Daxin Dong, 2020. "Impact of Economic Policy Uncertainty on Trade Credit Provision: The Role of Social Trust," Sustainability, MDPI, vol. 12(4), pages 1-24, February.
    167. Danisman, Gamze Ozturk & Demir, Ender & Ozili, Peterson, 2021. "Loan loss provisioning of US banks: Economic policy uncertainty and discretionary behavior," International Review of Economics & Finance, Elsevier, vol. 71(C), pages 923-935.
    168. Zhang, Ziqi & Su, Zhi & Tong, Fang, 2023. "Does digital transformation restrain corporate financialization? Evidence from China," Finance Research Letters, Elsevier, vol. 56(C).
    169. Deng, Wei & Gao, Lei & Xing, Fei & Yang, Ming, 2023. "Economic policy uncertainty, bank deposits, and liability structure," Emerging Markets Review, Elsevier, vol. 55(C).
    170. Matthew Cedergren & Ting Luo & Jing Wu & Jianqiao Yu & Yue Zhang, 2025. "Spillover effects of credit default swaps on corporate disclosure along the supply chain," Review of Quantitative Finance and Accounting, Springer, vol. 64(3), pages 1309-1339, April.
    171. Najah Attig, 2024. "Relaxed Financial Constraints and Corporate Social Responsibility," Journal of Business Ethics, Springer, vol. 189(1), pages 111-131, January.
    172. Raffaele Morandi Stagni & Juan Santaló & Marco S. Giarratana, 2020. "Product‐market competition and resource redeployment in multi‐business firms," Strategic Management Journal, Wiley Blackwell, vol. 41(10), pages 1799-1836, October.
    173. Yu, Zhen & Li, Yuankun & Ouyang, Ziyi, 2021. "Economic policy uncertainty, hold-up risk and vertical integration: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 68(C).
    174. Haoyuan Ding & Yi Li & Liang Wang & Chang Xue, 2022. "The Belt and Road Initiative, political involvement, and China's OFDI," International Studies of Economics, John Wiley & Sons, vol. 17(4), pages 459-483, December.
    175. Yang, Jin Young, 2023. "Policy uncertainty and substitution between external financing and internal funds: International evidence," Research in International Business and Finance, Elsevier, vol. 66(C).
    176. Rahaman, Mohammad M. & Zhang, Michael & Feng, Jiejian, 2022. "Two-sided market power and firm performance," Journal of Business Research, Elsevier, vol. 150(C), pages 585-605.
    177. Simone Boccaletti, 2021. "Asset Specificity and the Secondary Market for Productive Assets," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 7(3), pages 411-437, November.
    178. Sirin, Selahattin Murat & Uz, Dilek & Sevindik, Irem, 2022. "How do macroeconomic dynamics affect small and medium-sized enterprises (SMEs) in the power sector in developing economies: Evidence from Turkey," Energy Policy, Elsevier, vol. 168(C).
    179. Tang, Wenjin & Ding, Saijie & Chen, Hao, 2021. "Economic uncertainty and its spillover networks: Evidence from the Asia-Pacific countries," Pacific-Basin Finance Journal, Elsevier, vol. 67(C).
    180. Wang, Liang & Wang, Qikai & Jiang, Fan, 2023. "Booster or stabilizer? Economic policy uncertainty: New firm-specific measurement and impacts on stock price crash risk," Finance Research Letters, Elsevier, vol. 51(C).
    181. Brid Murphy & Li Sun, 2023. "Asset redeployability and employee performance," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 20(2), pages 185-199, June.
    182. Schäper, Thomas & Jung, Christopher & Foege, Johann Nils & Bogers, Marcel L.A.M. & Fainshmidt, Stav & Nüesch, Stephan, 2023. "The S-shaped relationship between open innovation and financial performance: A longitudinal perspective using a novel text-based measure," Research Policy, Elsevier, vol. 52(6).
    183. Tarkom, Augustine & Nochebuena-Evans, Leiza & Wang, Haibo, 2025. "The effectiveness of female chief financial officers in managing working capital: Evidence from US-listed firms," Journal of Behavioral and Experimental Finance, Elsevier, vol. 47(C).
    184. Long, Shaobo & Xue, Ning & Zhang, Yuan, 2025. "The divergence of China’s prices under economic policy uncertainty shock: A time-varying perspective," The North American Journal of Economics and Finance, Elsevier, vol. 76(C).
    185. Giannetti, Mariassunta & Saidi, Farzad, 2017. "Shock Propagation and Banking Structure," Working Paper Series 348, Sveriges Riksbank (Central Bank of Sweden).
    186. Xiaonan Sun & Javier Cifuentes‐Faura & Yao Xiao & Xiaoqian Liu, 2024. "A good name is rather to be chosen: The impact of CEO reputation incentives on corporate green innovation," Business Strategy and the Environment, Wiley Blackwell, vol. 33(3), pages 2413-2431, March.
    187. Cui, Chuantao & Li, Leona Shao-Zhi, 2023. "Trade policy uncertainty and new firm entry: Evidence from China," Journal of Development Economics, Elsevier, vol. 163(C).
    188. Huang, Wenxuan & Xu, Weidong & Gao, Xin & Li, Donghui & Fu, Wentao, 2023. "Terrorist attacks and CEO compensation: UK evidence," Research in International Business and Finance, Elsevier, vol. 64(C).
    189. Chen, Jia & Yi, Xingjian & Liu, Hao, 2024. "Asset redeployability and firm value amidst the COVID-19 pandemic: A real options perspective," International Review of Financial Analysis, Elsevier, vol. 94(C).
    190. Danilo Stojanovic & Veljko Bojovic, 2025. "Firm-level Uncertainty and Frictions: Implications for Capital and Financial Decisions in the US," CERGE-EI Working Papers wp793, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    191. Xu, Zhaoxia, 2020. "Economic policy uncertainty, cost of capital, and corporate innovation," Journal of Banking & Finance, Elsevier, vol. 111(C).
    192. Tian, Haowen & Wang, Junkai & Wu, Sirui, 2024. "Supply chain vertical common ownership and cost of loans," Journal of Corporate Finance, Elsevier, vol. 89(C).

  5. Alon Brav & Hyunseob Kim & Wei Jiang, 2015. "Recent Advances in Research on Hedge Fund Activism: Value Creation and Identification," Annual Review of Financial Economics, Annual Reviews, vol. 7(1), pages 579-595, December.

    Cited by:

    1. Alon Brav & Wei Jiang & Song Ma & Xuan Tian, 2016. "How Does Hedge Fund Activism Reshape Corporate Innovation?," NBER Working Papers 22273, National Bureau of Economic Research, Inc.
    2. Aguilera, Ruth & Bermejo, Vicente & Capapé, Javier & Cuñat, Vicente, 2021. "The systemic governance influence of universal owners: evidence from an expectation document," LSE Research Online Documents on Economics 118899, London School of Economics and Political Science, LSE Library.
    3. Flugum, Ryan & Howe, John S., 2020. "Hedge fund activism and analyst uncertainty," International Review of Economics & Finance, Elsevier, vol. 66(C), pages 206-227.
    4. Dasgupta, Amil & Fos, Vyacheslav & Sautner, Zacharias, 2021. "Institutional investors and corporate governance," LSE Research Online Documents on Economics 112114, London School of Economics and Political Science, LSE Library.
    5. Nguyen, Phuong L. & Galpin, Neal & Twite, Garry, 2022. "New active blockholders and adjustment of CEO relative incentive ratios," Journal of Corporate Finance, Elsevier, vol. 72(C).
    6. Krishnan, C.N.V. & Partnoy, Frank & Thomas, Randall S., 2016. "The second wave of hedge fund activism: The importance of reputation, clout, and expertise," Journal of Corporate Finance, Elsevier, vol. 40(C), pages 296-314.
    7. An, Ran & Huang, Lawrence (Hong), 2021. "Political influence in hedge fund activism: Causal evidence from U.S. gubernatorial election," Journal of Contemporary Accounting and Economics, Elsevier, vol. 17(1).
    8. Bessler, Wolfgang & Vendrasco, Marco, 2022. "Corporate control and shareholder activism in Germany: An empirical analysis of hedge fund strategies," International Review of Financial Analysis, Elsevier, vol. 83(C).
    9. Danis, András, 2020. "Shareholder activism with strategic investors," Finance Research Letters, Elsevier, vol. 33(C).
    10. Jha, Manish, 2025. "Do activists align with larger mutual funds?," Journal of Banking & Finance, Elsevier, vol. 173(C).
    11. Loureiro, Gilberto & Mendonça, Cesar, 2024. "Do large registered investment funds undermine shareholder activism? Evidence from hedge fund proposals," Journal of Banking & Finance, Elsevier, vol. 162(C).
    12. Margarethe Wiersema & Albert Ahn & Yu Zhang, 2020. "Activist hedge fund success: The role of reputation," Strategic Management Journal, Wiley Blackwell, vol. 41(13), pages 2493-2517, December.
    13. Chen, Huimin (Amy) & Francis, Bill B. & Shen, Yinjie (Victor) & Wu, Qiang, 2024. "The impact of hedge fund activism on audit pricing," The British Accounting Review, Elsevier, vol. 56(2).
    14. Ryan Flugum & Matthew E. Souther, 2020. "External monitoring and returns to hedge fund activist campaigns," Review of Financial Economics, John Wiley & Sons, vol. 38(1), pages 97-140, January.
    15. Edmans, Alex & Holderness, Clifford, 2016. "Blockholders: A Survey of Theory and Evidence," CEPR Discussion Papers 11442, C.E.P.R. Discussion Papers.
    16. Bebchuk, Lucian A. & Brav, Alon & Jiang, Wei & Keusch, Thomas, 2020. "Dancing with activists," Journal of Financial Economics, Elsevier, vol. 137(1), pages 1-41.
    17. Yang, Huan, 2021. "Institutional dual holdings and risk-shifting: Evidence from corporate innovation," Journal of Corporate Finance, Elsevier, vol. 70(C).
    18. Caselli, Stefano & Gatti, Stefano & Chiarella, Carlo & Gigante, Gimede & Negri, Giulia, 2023. "Do shareholders really matter for firm performance? Evidence from the ownership characteristics of Italian listed companies," International Review of Financial Analysis, Elsevier, vol. 86(C).
    19. Zhan Li, 2021. "The factor market spillover effects of shareholder activism," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 44(3), pages 671-689, September.
    20. Lucian A. Bebchuk & Alon Brav & Wei Jiang & Thomas Keusch, 2019. "Dancing With Activists," NBER Working Papers 26171, National Bureau of Economic Research, Inc.
    21. Ma, Yueran & Shleifer, Andrei, 2025. "The invention of corporate governance," Journal of Financial Economics, Elsevier, vol. 172(C).
    22. Gillan, Stuart L. & Nguyen, Nga & Nishikawa, Takeshi, 2023. "Heterogeneity in shareholder activism: Evidence from Japan," Pacific-Basin Finance Journal, Elsevier, vol. 77(C).
    23. Matsusaka, John G. & Ozbas, Oguzhan & Yi, Irene, 2017. "Why Do Managers Fight Shareholder Proposals? Evidence from SEC No-Action Letter Decisions," Working Papers 262, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.

  6. Alon Brav & Wei Jiang & Hyunseob Kim, 2015. "Editor's Choice The Real Effects of Hedge Fund Activism: Productivity, Asset Allocation, and Labor Outcomes," The Review of Financial Studies, Society for Financial Studies, vol. 28(10), pages 2723-2769.

    Cited by:

    1. Alon Brav & Wei Jiang & Song Ma & Xuan Tian, 2016. "How Does Hedge Fund Activism Reshape Corporate Innovation?," NBER Working Papers 22273, National Bureau of Economic Research, Inc.
    2. Alex Edmans, 2023. "The end of ESG," Financial Management, Financial Management Association International, vol. 52(1), pages 3-17, March.
    3. Annette Bernhardt & Rosemary Batt & Susan Houseman & Eileen Appelbaum, 2016. "Working Paper: Domestic Outsourcing in the United States: A Research Agenda to Assess Trends and Effects on Job Quality," CEPR Reports and Issue Briefs 2016-03, Center for Economic and Policy Research (CEPR).
    4. Feng, Felix Zhiyu & Xu, Qiping & Zhu, Caroline H., 2021. "Caught in the crossfire: How the threat of hedge fund activism affects creditors," Journal of Empirical Finance, Elsevier, vol. 64(C), pages 128-143.
    5. Zhang, Wei & Wang, Pengfei & Li, Yi, 2021. "Do messages on online stock forums spur firm productivity?," Pacific-Basin Finance Journal, Elsevier, vol. 68(C).
    6. Flugum, Ryan & Howe, John S., 2020. "Hedge fund activism and analyst uncertainty," International Review of Economics & Finance, Elsevier, vol. 66(C), pages 206-227.
    7. Eliezer Fich & Viktoriya Lantushenko & Clemens Sialm, 2019. "Institutional Trading Around M&A Announcements," NBER Working Papers 25814, National Bureau of Economic Research, Inc.
    8. JOSEPH A. McCAHERY & ZACHARIAS SAUTNER & LAURA T. STARKS, 2016. "Behind the Scenes: The Corporate Governance Preferences of Institutional Investors," Journal of Finance, American Finance Association, vol. 71(6), pages 2905-2932, December.
    9. Xue Jia & Rahul Menon, 2023. "Shareholder Short-Termism, Corporate Control and Voluntary Disclosure," Management Science, INFORMS, vol. 69(1), pages 702-721, January.
    10. Guoli Chen & Philipp Meyer‐Doyle & Wei Shi, 2021. "Hedge fund investor activism and human capital loss," Strategic Management Journal, Wiley Blackwell, vol. 42(12), pages 2328-2354, December.
    11. Nguyen, Phuong L. & Galpin, Neal & Twite, Garry, 2022. "New active blockholders and adjustment of CEO relative incentive ratios," Journal of Corporate Finance, Elsevier, vol. 72(C).
    12. Francis, Bill B. & Hasan, Iftekhar & Shen, Yinjie (Victor) & Wu, Qiang, 2021. "Do activist hedge funds target female CEOs? The role of CEO gender in hedge fund activism," Journal of Financial Economics, Elsevier, vol. 141(1), pages 372-393.
    13. Bernhardt, Dan & Shaoting Pi, 2024. "Delegated Shareholder Activism," The Warwick Economics Research Paper Series (TWERPS) 1502, University of Warwick, Department of Economics.
    14. Ringe Wolf-Georg, 2023. "Investor Empowerment for Sustainability," Review of Economics, De Gruyter, vol. 74(1), pages 21-52, April.
    15. Shiguang Li & Yixiang Tian, 2023. "How Does Digital Transformation Affect Total Factor Productivity: Firm-Level Evidence from China," Sustainability, MDPI, vol. 15(12), pages 1-17, June.
    16. Yin, Chao & Ward, Charles & Tsolacos, Sotiris, 2018. "Motivated monitoring: The importance of the institutional investment horizon," International Review of Financial Analysis, Elsevier, vol. 60(C), pages 197-212.
    17. Krishnan, C.N.V. & Partnoy, Frank & Thomas, Randall S., 2016. "The second wave of hedge fund activism: The importance of reputation, clout, and expertise," Journal of Corporate Finance, Elsevier, vol. 40(C), pages 296-314.
    18. An, Ran & Huang, Lawrence (Hong), 2021. "Political influence in hedge fund activism: Causal evidence from U.S. gubernatorial election," Journal of Contemporary Accounting and Economics, Elsevier, vol. 17(1).
    19. Nuri Ersahin, 2018. "Creditor Rights, Technology Adoption, and Productivity: Plant-Level Evidence," Working Papers 18-20, Center for Economic Studies, U.S. Census Bureau.
    20. Jory, Surendranath & Ngo, Thanh & Susnjara, Jurica, 2017. "The effect of shareholder activism on bondholders and stockholders," The Quarterly Review of Economics and Finance, Elsevier, vol. 66(C), pages 328-344.
    21. Yuhui Dang & Jian Sun & Yang Zhao, 2024. "Retail shareholder activism and corporate innovation: evidence from investor interaction platforms in China," Quality & Quantity: International Journal of Methodology, Springer, vol. 58(2), pages 1827-1858, April.
    22. John Buchanan & Dominic H. Chai & Simon Deakin, 2018. "Unexpected Corporate Outcomes from Hedge Find Activism in Japan," Working Papers wp494, Centre for Business Research, University of Cambridge.
    23. Ordonez-Calafi, Guillem & Bernhardt, Dan, 2019. "Blockholder Disclosure Thresholds and Hedge Fund Activism," The Warwick Economics Research Paper Series (TWERPS) 1203, University of Warwick, Department of Economics.
    24. Chen, Jing & Jung, Michael J., 2016. "Activist hedge funds and firm disclosure," Review of Financial Economics, Elsevier, vol. 29(C), pages 52-63.
    25. Wonik Choi & Jongha Lim, 2022. "Did they live happily ever after? The fate of restructured firms after hedge fund activism," The Financial Review, Eastern Finance Association, vol. 57(4), pages 925-947, November.
    26. Nickolay Gantchev & Chotibhak Jotikasthira, 2018. "Institutional Trading and Hedge Fund Activism," Management Science, INFORMS, vol. 64(6), pages 2930-2950, June.
    27. Cumming, Douglas & Monteiro, Pedro, 2022. "Hedge fund sales fees and the flow of funds around the world," Economic Modelling, Elsevier, vol. 112(C).
    28. Kim, Sehoon, 2020. "Disappearing Discounts: Hedge Fund Activism in Conglomerates," MPRA Paper 100876, University Library of Munich, Germany.
    29. Niu, Xu, 2024. "The battle between activist hedge funds and labor unions," Journal of Empirical Finance, Elsevier, vol. 78(C).
    30. Bessler, Wolfgang & Vendrasco, Marco, 2022. "Corporate control and shareholder activism in Germany: An empirical analysis of hedge fund strategies," International Review of Financial Analysis, Elsevier, vol. 83(C).
    31. Jha, Manish, 2025. "Do activists align with larger mutual funds?," Journal of Banking & Finance, Elsevier, vol. 173(C).
    32. Hryckiewicz, Aneta & Kryg, Natalia & Tsomocos, Dimitrios P. & Zadorozhna, Olha, 2025. "Unveiling the power of state activism in times of distress," Economic Analysis and Policy, Elsevier, vol. 86(C), pages 1346-1376.
    33. Fera, Pietro & Meles, Antonio & Moscariello, Nicola & Pellegrino, Luigi Raffaele & Ricciardi, Giorgio, 2025. "Unlocking financing opportunities: The impact of the ELITE Program on SMEs’ Financing," Finance Research Letters, Elsevier, vol. 79(C).
    34. Hart, Oliver D. & Zingales, Luigi, 2017. "Companies Should Maximize Shareholder Welfare Not Market Value," Working Papers 267, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    35. Kang, Jun-Koo & Luo, Juan & Na, Hyun Seung, 2018. "Are institutional investors with multiple blockholdings effective monitors?," Journal of Financial Economics, Elsevier, vol. 128(3), pages 576-602.
    36. von Lilienfeld-Toal, Ulf & Schnitzler, Jan, 2020. "The anatomy of block accumulations by activist shareholders," Journal of Corporate Finance, Elsevier, vol. 62(C).
    37. Ivan E. Brick & Yuzi Chen & Jun‐Koo Kang & Jin‐Mo Kim, 2024. "Does hedge fund managers’ industry experience matter for hedge fund activism?," Financial Management, Financial Management Association International, vol. 53(1), pages 59-97, March.
    38. Jonghyuk Bae & Natalya Khimich & Sungsoo Kim & Emanuel Zur, 2023. "Can Green Investments Increase Your Green? Evidence from Social Hedge Fund Activists," Journal of Business Ethics, Springer, vol. 187(4), pages 781-801, November.
    39. Yongqiang Chu & Xinming Li & Daxuan Zhao, 2023. "Gender Diversity: From Wall Street to Main Street," Journal of Business Ethics, Springer, vol. 188(1), pages 151-168, November.
    40. Fos, Vyacheslav & Almeida, Heitor & Ersahin, Nuri & Irani, Rustom M & ,, 2019. "Do Short-Term Incentives Affect Long-Term Productivity?," CEPR Discussion Papers 13894, C.E.P.R. Discussion Papers.
    41. Saikat Sovan Deb & Huu Nhan Duong & Amanjot Singh & Harminder Singh, 2024. "Does hedge fund activism improve investment efficiency?," Review of Accounting Studies, Springer, vol. 29(3), pages 2551-2577, September.
    42. Autore, Don M. & Clarke, Nicholas & Liu, Baixiao, 2019. "Activist investors and open market share repurchases," Journal of Banking & Finance, Elsevier, vol. 107(C), pages 1-1.
    43. Gantchev, Nickolay & Sevilir, Merih & Shivdasani, Anil, 2020. "Activism and empire building," Journal of Financial Economics, Elsevier, vol. 138(2), pages 526-548.
    44. Zhang, Shuran, 2021. "Directors’ career concerns: Evidence from proxy contests and board interlocks," Journal of Financial Economics, Elsevier, vol. 140(3), pages 894-915.
    45. Thomas Bourveau & Jordan Schoenfeld, 2017. "Shareholder activism and voluntary disclosure," Review of Accounting Studies, Springer, vol. 22(3), pages 1307-1339, September.
    46. Chen, Huimin (Amy) & Francis, Bill B. & Shen, Yinjie (Victor) & Wu, Qiang, 2024. "The impact of hedge fund activism on audit pricing," The British Accounting Review, Elsevier, vol. 56(2).
    47. Johnson, Travis L. & Swem, Nathan, 2021. "Reputation and investor activism: A structural approach," Journal of Financial Economics, Elsevier, vol. 139(1), pages 29-56.
    48. Lukai Yang & Xinhui Huang & Xiaochuan Song, 2024. "The Role of Passive Investors in Corporate Governance and Socially Responsible Investing: Evidence from Shareholder Proposals," Sustainability, MDPI, vol. 16(1), pages 1-16, January.
    49. Oehler, Andreas & Schmitz, Jonas Tobias, 2021. "Does intensified communication of hedge funds with letters affect abnormal returns?," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 127-142.
    50. Barros, Victor & Verga Matos, Pedro & Miranda Sarmento, Joaquim & Rino Vieira, Pedro, 2021. "Do activist shareholders influence a manager’s decisions on a firm’s dividend policy: A mixed-method study," Journal of Business Research, Elsevier, vol. 122(C), pages 387-397.
    51. Boyson, Nicole M. & Gantchev, Nickolay & Shivdasani, Anil, 2017. "Activism mergers," Journal of Financial Economics, Elsevier, vol. 126(1), pages 54-73.
    52. Jun Chen & Bharat A. Jain & Jian Huang, 2023. "Proxy contests and debt contracting behavior: The interplay of managerial, shareholder and creditor incentives," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 50(9-10), pages 1867-1909, October.
    53. Viktoriya Lantushenko & Dalia Marciukaityte & Samuel H. Szewczyk, 2024. "Institutional investors and mispricing of unionized firms," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 47(2), pages 249-274, June.
    54. Chen, Yong & Kelly, Bryan & Wu, Wei, 2020. "Sophisticated investors and market efficiency: Evidence from a natural experiment," Journal of Financial Economics, Elsevier, vol. 138(2), pages 316-341.
    55. Wang, Qin (Emma) & Zhang, Jun, 2023. "Local institutional investors and debt maturity," Journal of Financial Markets, Elsevier, vol. 62(C).
    56. Ian R. Appel & Todd A. Gormley & Donald B. Keim, 2016. "Standing on the Shoulders of Giants: The Effect of Passive Investors on Activism," NBER Working Papers 22707, National Bureau of Economic Research, Inc.
    57. Xiao, Fenglong & Shen, Yinjie, 2024. "Wolves at the door to the unknown: Innovation search and hedge fund activism," Research Policy, Elsevier, vol. 53(2).
    58. Gine, Mireia & Moussawi, Rabih & Sedunov, John, 2017. "Governance mechanisms and effective activism: Evidence from shareholder proposals on poison pills," Journal of Empirical Finance, Elsevier, vol. 43(C), pages 185-202.
    59. Edmans, Alex & Holderness, Clifford, 2016. "Blockholders: A Survey of Theory and Evidence," CEPR Discussion Papers 11442, C.E.P.R. Discussion Papers.
    60. Mark R. DesJardine & Rodolphe Durand, 2020. "Disentangling the effects of hedge fund activism on firm financial and social performance," Strategic Management Journal, Wiley Blackwell, vol. 41(6), pages 1054-1082, June.
    61. Ghaly, Mohamed & Dang, Viet Anh & Stathopoulos, Konstantinos, 2020. "Institutional investors' horizons and corporate employment decisions," Journal of Corporate Finance, Elsevier, vol. 64(C).
    62. Nuri Ersahin, 2017. "Creditor Rights, Technology Adoption, and Productivity: Plant-Level Evidence," Working Papers 17-36, Center for Economic Studies, U.S. Census Bureau.
    63. Cumming, Douglas J. & Monteiro, Pedro, 2023. "Hedge fund investment in ETFs," CFS Working Paper Series 699, Center for Financial Studies (CFS).
    64. Colombo, Jéfferson A. & Caldeira, João F., 2018. "The role of taxes and the interdependence among corporate financial policies: Evidence from a natural experiment," Journal of Corporate Finance, Elsevier, vol. 50(C), pages 402-423.
    65. Zingales, Luigi & Hart, Oliver, 2017. "Companies Should Maximize Shareholder Welfare Not Market Value," CEPR Discussion Papers 12186, C.E.P.R. Discussion Papers.
    66. Zhao, Yang, 2024. "Retail shareholder activism and investment efficiency," International Review of Financial Analysis, Elsevier, vol. 93(C).
    67. Niclas Dombrowski & Wolfgang Drobetz & Lars Hornuf & Paul P. Momtaz, 2023. "The Financial and Non-Financial Performance of Token-Based Crowdfunding: Certification Arbitrage, Investor Choice, and the Optimal Timing of ICOs," CESifo Working Paper Series 10393, CESifo.
    68. Annette Bernhardt & Rosemary L. Batt & Susan Houseman & Eileen Appelbaum, 2016. "Domestic Outsourcing in the United States: A Research Agenda to Assess Trends and Effects on Job Quality," Upjohn Working Papers 16-253, W.E. Upjohn Institute for Employment Research.
    69. Wei, Jiaying & Zhao, Shan, 2025. "Does hedge fund activism harm corporate social performance? Evidence from ESG ratings11We have no potential conflicts to disclose. Zhao gratefully acknowledges financial support from the National Natural Science Foundation of China, [Grant No. 724721," Journal of Corporate Finance, Elsevier, vol. 94(C).
    70. Swanson, Edward P. & Young, Glen M. & Yust, Christopher G., 2022. "Are all activists created equal? The effect of interventions by hedge funds and other private activists on long-term shareholder value," Journal of Corporate Finance, Elsevier, vol. 72(C).
    71. Szu-Yin (Jennifer) Wu & Kee H. Chung, 2022. "Hedge Fund Activism and Corporate M&A Decisions," Management Science, INFORMS, vol. 68(2), pages 1378-1403, February.
    72. Lai, Li & Lan, Chundan & Wu, Shan, 2024. "Are managers with investment bank experience myopic?," Journal of Business Research, Elsevier, vol. 183(C).
    73. Bohdan, Roman & Mukherjee, Tarun, 2025. "Effects of dual holders’ bond financing on target firms’ product market competitiveness," Finance Research Letters, Elsevier, vol. 80(C).
    74. Denes, Matthew R. & Karpoff, Jonathan M. & McWilliams, Victoria B., 2017. "Thirty years of shareholder activism: A survey of empirical research," Journal of Corporate Finance, Elsevier, vol. 44(C), pages 405-424.
    75. Aslan, Hadiye, 2020. "Shareholders versus stakeholders in investor activism: Value for whom?," Journal of Corporate Finance, Elsevier, vol. 60(C).
    76. Mengde Liu & Lu Yao, 2024. "Players behind the scenes: common ownership in the hospital industry," Empirical Economics, Springer, vol. 66(5), pages 2277-2309, May.
    77. Jordan Schoenfeld, 2024. "Cyber risk and voluntary Service Organization Control (SOC) audits," Review of Accounting Studies, Springer, vol. 29(1), pages 580-620, March.
    78. Fujun Lai & Qian Wang & Qingxiang Feng, 2019. "Does Chinese Financial Market Information Promote Listed Manufacturing Firms’ Productivity?," Sustainability, MDPI, vol. 11(2), pages 1-20, January.
    79. Barros, Victor & Guedes, Maria João & Santos, Joana & Sarmento, Joaquim Miranda, 2023. "Shareholder activism and firms’ performance," Research in International Business and Finance, Elsevier, vol. 64(C).
    80. Fos, Vyacheslav & Appel, Ian & Bulka, Jordan, 2019. "Active Short Selling by Hedge Funds," CEPR Discussion Papers 13788, C.E.P.R. Discussion Papers.
    81. Cumming, Douglas & Drobetz, Wolfgang & Momtaz, Paul P. & Schermann, Niclas, 2025. "Financing decentralized digital platform growth: The role of crypto funds in blockchain-based startups," Journal of Business Venturing, Elsevier, vol. 40(1).
    82. Liang, Chen & Zhu, Minghao & Lee, Peter K.C. & Cheng, T.C.E. & Yeung, Andy C.L., 2024. "Combating extreme weather through operations management: Evidence from a natural experiment in China," International Journal of Production Economics, Elsevier, vol. 267(C).
    83. Rachelle C. Sampson & Yuan Shi, 2023. "Are U.S. firms becoming more short‐term oriented? Evidence of shifting firm time horizons from implied discount rates, 1980–2013," Strategic Management Journal, Wiley Blackwell, vol. 44(1), pages 231-263, January.
    84. Yvan Allaire & François Dauphin, 2016. "The game of ‘activist’ hedge funds: Cui bono?," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 13(4), pages 279-308, November.
    85. Bailey, Warren & Muradoglu, Gulnur & Onay, Ceylan & Phylaktis, Kate, 2024. "Foreign investors, firm level productivity, and European economic integration," Journal of Corporate Finance, Elsevier, vol. 85(C).
    86. Nickolay Gantchev & Oleg R Gredil & Chotibhak Jotikasthira, 2019. "Governance under the Gun: Spillover Effects of Hedge Fund Activism," Review of Finance, European Finance Association, vol. 23(6), pages 1031-1068.
    87. Dahiya, Sandeep & Hallak, Issam & Matthys, Thomas, 2020. "Targeted by an activist hedge fund, do the lenders care?," Journal of Corporate Finance, Elsevier, vol. 62(C).
    88. Yong Chen & Bryan Kelly & Wei Wu, 2018. "Sophisticated Investors and Market Efficiency: Evidence from a Natural Experiment," NBER Working Papers 24552, National Bureau of Economic Research, Inc.
    89. Ian D. Gow & Sa-Pyung Sean Shin & Suraj Srinivasan, 2024. "Activist directors: determinants and consequences," Review of Accounting Studies, Springer, vol. 29(3), pages 2578-2616, September.
    90. Ben Arfa, Nouha & Karmani, Majdi & Labaronne, Daniel, 2017. "Antecedents of hedge fund activism in French listed target firms," Research in International Business and Finance, Elsevier, vol. 42(C), pages 1315-1326.
    91. Ed deHaan & David Larcker & Charles McClure, 2019. "Long-term economic consequences of hedge fund activist interventions," Review of Accounting Studies, Springer, vol. 24(2), pages 536-569, June.
    92. Aiken, Adam L. & Lee, Choonsik, 2020. "Let's talk sooner rather than later: The strategic communication decisions of activist blockholders," Journal of Corporate Finance, Elsevier, vol. 62(C).
    93. Matta, Rafael & Rocha, Sergio H. & Vaz, Paulo, 2025. "Short selling and product market competition," Journal of Banking & Finance, Elsevier, vol. 171(C).
    94. Alona Bilokha & Sudip Gupta, 2024. "Shareholder litigation rights and firm productivity," Financial Markets, Institutions & Instruments, John Wiley & Sons, vol. 33(2), pages 65-90, May.
    95. (Jianqiu) Bai, John & Mkrtchyan, Anahit, 2023. "What do outside CEOs really do? Evidence from plant-level data," Journal of Financial Economics, Elsevier, vol. 147(1), pages 27-48.
    96. Roman Bohdan & Tarun Mukherjee, 2024. "The role of the dual holder in mitigating underinvestment," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 47(2), pages 471-495, June.
    97. Ersahin, Nuri & Irani, Rustom M. & Le, Hanh, 2021. "Creditor control rights and resource allocation within firms," Journal of Financial Economics, Elsevier, vol. 139(1), pages 186-208.
    98. Albuquerque, Rui & Fos, Vyacheslav & Schroth, Enrique, 2022. "Value creation in shareholder activism," Journal of Financial Economics, Elsevier, vol. 145(2), pages 153-178.
    99. Antonio Falato & Hyunseob Kim & Till von Wachter, 2022. "Shareholder Power and the Decline of Labor," Working Papers 22-17, Center for Economic Studies, U.S. Census Bureau.
    100. Zhang, Rachel Xi, 2023. "Do Managers learn from institutional investors through direct interactions?," Journal of Accounting and Economics, Elsevier, vol. 75(2).
    101. Keusch, Thomas, 2021. "Shareholder Activists and Frictions in the CEO Labor Market," LawFin Working Paper Series 19, Goethe University, Center for Advanced Studies on the Foundations of Law and Finance (LawFin).
    102. Hao, Mengshu & Hong, Jieying, 2025. "The disciplinary role of options trading: Evidence from earnings manipulation," International Review of Economics & Finance, Elsevier, vol. 98(C).
    103. Manish Jha, 2024. "Do Activists Align with Larger Mutual Funds?," Papers 2411.16553, arXiv.org.

  7. Brav, Alon & Jiang, Wei & Kim, Hyunseob, 2010. "Hedge Fund Activism: A Review," Foundations and Trends(R) in Finance, now publishers, vol. 4(3), pages 185-246, March.

    Cited by:

    1. Burkart, Mike & Dasgupta, Amil, 2015. "Activist funds, leverage, and procyclicality," LSE Research Online Documents on Economics 65095, London School of Economics and Political Science, LSE Library.
    2. Alexander Ljungqvist & Konrad Raff, 2017. "Busy Directors: Strategic Interaction and Monitoring Synergies," NBER Working Papers 23889, National Bureau of Economic Research, Inc.
    3. Aguilera, Ruth & Bermejo, Vicente & Capapé, Javier & Cuñat, Vicente, 2021. "The systemic governance influence of universal owners: evidence from an expectation document," LSE Research Online Documents on Economics 118899, London School of Economics and Political Science, LSE Library.
    4. Dasgupta, Amil & Fos, Vyacheslav & Sautner, Zacharias, 2021. "Institutional investors and corporate governance," LSE Research Online Documents on Economics 112114, London School of Economics and Political Science, LSE Library.
    5. JOSEPH A. McCAHERY & ZACHARIAS SAUTNER & LAURA T. STARKS, 2016. "Behind the Scenes: The Corporate Governance Preferences of Institutional Investors," Journal of Finance, American Finance Association, vol. 71(6), pages 2905-2932, December.
    6. Kedia, Simi & Rajgopal, Shivaram & Zhou, Xing (Alex), 2017. "Large shareholders and credit ratings," Journal of Financial Economics, Elsevier, vol. 124(3), pages 632-653.
    7. Marco Becht & Julian Franks & Jeremy Grant & Hannes F. Wagner, 2017. "Returns to Hedge Fund Activism: An International Study," The Review of Financial Studies, Society for Financial Studies, vol. 30(9), pages 2933-2971.
    8. Watson, Justin & How, Janice & Verhoeven, Peter, 2024. "Hedge fund activism, R&D efficiency and firm value," Research in International Business and Finance, Elsevier, vol. 71(C).
    9. Nguyen, Phuong L. & Galpin, Neal & Twite, Garry, 2022. "New active blockholders and adjustment of CEO relative incentive ratios," Journal of Corporate Finance, Elsevier, vol. 72(C).
    10. Francis, Bill B. & Hasan, Iftekhar & Shen, Yinjie (Victor) & Wu, Qiang, 2021. "Do activist hedge funds target female CEOs? The role of CEO gender in hedge fund activism," Journal of Financial Economics, Elsevier, vol. 141(1), pages 372-393.
    11. Yangyang Chen & Rui Ge & Henock Louis & Leon Zolotoy, 2019. "Stock liquidity and corporate tax avoidance," Review of Accounting Studies, Springer, vol. 24(1), pages 309-340, March.
    12. Cookson, J. Anthony & Fos, Vyacheslav & Niessner, Marina, 2021. "Does Disagreement Facilitate Informed Trading? Evidence from Activist Investors," SocArXiv q8xvc, Center for Open Science.
    13. Atanas Mihov, 2016. "Predisclosure Accumulations by Activist Investors and Price Impact of Trading," Review of Finance, European Finance Association, vol. 20(1), pages 231-263.
    14. Alon Brav & Wei Jiang & Hyunseob Kim, 2012. "The Real Effects of Hedge Fund Activism: Productivity, Risk, and Product Market Competition," Working Papers 12-14, Center for Economic Studies, U.S. Census Bureau.
    15. Yuhui Dang & Jian Sun & Yang Zhao, 2024. "Retail shareholder activism and corporate innovation: evidence from investor interaction platforms in China," Quality & Quantity: International Journal of Methodology, Springer, vol. 58(2), pages 1827-1858, April.
    16. Ordonez-Calafi, Guillem & Bernhardt, Dan, 2019. "Blockholder Disclosure Thresholds and Hedge Fund Activism," The Warwick Economics Research Paper Series (TWERPS) 1203, University of Warwick, Department of Economics.
    17. Burkart, Mike & Lee, Samuel, 2022. "Activism and takeovers," LSE Research Online Documents on Economics 111564, London School of Economics and Political Science, LSE Library.
    18. Alon Brav & Wei Jiang & Hyunseob Kim, 2011. "The Real Effects of Hedge Fund Activism: Productivity, Asset Allocation, and Labor Outcomes," NBER Working Papers 17517, National Bureau of Economic Research, Inc.
    19. Nickolay Gantchev & Chotibhak Jotikasthira, 2018. "Institutional Trading and Hedge Fund Activism," Management Science, INFORMS, vol. 64(6), pages 2930-2950, June.
    20. Craig W. Holden & Stacey Jacobsen & Avanidhar Subrahmanyam, 2014. "The Empirical Analysis of Liquidity," Foundations and Trends(R) in Finance, now publishers, vol. 8(4), pages 263-365, December.
    21. Niu, Xu, 2024. "The battle between activist hedge funds and labor unions," Journal of Empirical Finance, Elsevier, vol. 78(C).
    22. Schroth, Enrique & Albuquerque, Rui & Fos, Vyacheslav, 2020. "Value creation in Shareholder Activism: A Structural Approach," CEPR Discussion Papers 14995, C.E.P.R. Discussion Papers.
    23. Danis, András, 2020. "Shareholder activism with strategic investors," Finance Research Letters, Elsevier, vol. 33(C).
    24. von Lilienfeld-Toal, Ulf & Schnitzler, Jan, 2020. "The anatomy of block accumulations by activist shareholders," Journal of Corporate Finance, Elsevier, vol. 62(C).
    25. Cvijanovic, Dragana & Dasgupta, Amil & Zachariadis, Konstantinos, 2021. "The Wall Street stampede: exit as governance with interacting blockholders," LSE Research Online Documents on Economics 118846, London School of Economics and Political Science, LSE Library.
    26. Hamao, Yasushi & Matos, Pedro, 2018. "U.S.-style investor activism in Japan: The first ten years?," Journal of the Japanese and International Economies, Elsevier, vol. 48(C), pages 29-54.
    27. Cvijanovic, Dragana & Dasgupta, Amil & Zachariadis, Konstantinos, 2014. "Ties that bind: how business connections affect mutual fund activism," LSE Research Online Documents on Economics 119030, London School of Economics and Political Science, LSE Library.
    28. Liu, Claire & Low, Angie & Putnins, Talis, 2024. "The real impacts of public short campaigns: Evidence from stakeholders," Journal of Corporate Finance, Elsevier, vol. 88(C).
    29. Yongqiang Chu & Xinming Li & Daxuan Zhao, 2023. "Gender Diversity: From Wall Street to Main Street," Journal of Business Ethics, Springer, vol. 188(1), pages 151-168, November.
    30. Gilje, Erik P. & Gormley, Todd A. & Levit, Doron, 2020. "Who's paying attention? Measuring common ownership and its impact on managerial incentives," Journal of Financial Economics, Elsevier, vol. 137(1), pages 152-178.
    31. Mehmet Ekmekci & Nenad Kos, 2012. "Information in tender offers with a large shareholder," Working Papers 453, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    32. Gantchev, Nickolay & Sevilir, Merih & Shivdasani, Anil, 2020. "Activism and empire building," Journal of Financial Economics, Elsevier, vol. 138(2), pages 526-548.
    33. Patel, Pankaj C. & Guedes, Maria João, 2025. "Come and take it: Patenting pedigree and tenacity, takeover defenses, and patent valuation in post-IPO firms," Journal of Business Research, Elsevier, vol. 186(C).
    34. Peter Iliev & Jonathan Kalodimos & Michelle Lowry, 2021. "Investors’ Attention to Corporate Governance [The “Wall Street Walk” and shareholder activism: Exit as a form of voice]," The Review of Financial Studies, Society for Financial Studies, vol. 34(12), pages 5581-5628.
    35. Appel, Ian R. & Gormley, Todd A. & Keim, Donald B., 2016. "Passive investors, not passive owners," Journal of Financial Economics, Elsevier, vol. 121(1), pages 111-141.
    36. Johnson, Travis L. & Swem, Nathan, 2021. "Reputation and investor activism: A structural approach," Journal of Financial Economics, Elsevier, vol. 139(1), pages 29-56.
    37. Calluzzo, Paul & Kedia, Simi, 2019. "Mutual fund board connections and proxy voting," Journal of Financial Economics, Elsevier, vol. 134(3), pages 669-688.
    38. Brav, Alon & Dasgupta, Amil & Mathews, Richmond, 2015. "Wolf pack activism," LSE Research Online Documents on Economics 119008, London School of Economics and Political Science, LSE Library.
    39. Boyson, Nicole M. & Gantchev, Nickolay & Shivdasani, Anil, 2017. "Activism mergers," Journal of Financial Economics, Elsevier, vol. 126(1), pages 54-73.
    40. Zhang, Bobo & Zhang, Zhou, 2022. "Shining light on corporate political spending: Evidence from shareholder engagements," International Review of Law and Economics, Elsevier, vol. 70(C).
    41. Ian R. Appel & Todd A. Gormley & Donald B. Keim, 2016. "Standing on the Shoulders of Giants: The Effect of Passive Investors on Activism," NBER Working Papers 22707, National Bureau of Economic Research, Inc.
    42. Feng Guo & Chenxi Lin & Adi Masli & Michael S. Wilkins, 2021. "Auditor Responses to Shareholder Activism," Contemporary Accounting Research, John Wiley & Sons, vol. 38(1), pages 63-95, March.
    43. Tao Li, 2018. "Outsourcing Corporate Governance: Conflicts of Interest Within the Proxy Advisory Industry," Management Science, INFORMS, vol. 64(6), pages 2951-2971, June.
    44. Travis L. Johnson & Nathan Swem, 2017. "Reputation and Investor Activism: A Structural Approach," Finance and Economics Discussion Series 2017-036r1, Board of Governors of the Federal Reserve System (U.S.), revised 15 Oct 2020.
    45. Duong, Truong & Pi, Shaoting & Sapp, Travis R.A., 2025. "Betting on my enemy: Insider trading ahead of hedge fund 13D filings," Journal of Corporate Finance, Elsevier, vol. 93(C).
    46. Bok Baik & Jin-Mo Kim & Kyonghee Kim & Sukesh Patro, 2020. "Hedge fund ownership and voluntary disclosure," Review of Quantitative Finance and Accounting, Springer, vol. 54(3), pages 877-910, April.
    47. Burkart, Mike & Dasgupta, Amil, 2013. "Why is hedge fund activism procyclical?," CEPR Discussion Papers 9409, C.E.P.R. Discussion Papers.
    48. Steven Chong Xiao, 2020. "Do Noisy Stock Prices Impede Real Efficiency?," Management Science, INFORMS, vol. 66(12), pages 5990-6014, December.
    49. Aguilera, Ruth V. & J. Bermejo, Vicente & Capapé, Javier & Cuñat, Vicente, 2024. "The systemic governance influence of expectation documents: evidence from a universal owner," LSE Research Online Documents on Economics 122267, London School of Economics and Political Science, LSE Library.
    50. Fos, Vyacheslav & Appel, Ian & Bulka, Jordan, 2019. "Active Short Selling by Hedge Funds," CEPR Discussion Papers 13788, C.E.P.R. Discussion Papers.
    51. Tang, Tingfeng, 2020. "Hedge fund activism and corporate innovation," Economic Modelling, Elsevier, vol. 85(C), pages 335-348.
    52. Jordan Schoenfeld, 2020. "Contracts Between Firms and Shareholders," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 58(2), pages 383-427, May.
    53. Sergey Chernenko & Josh Lerner & Yao Zeng, 2017. "Mutual Funds as Venture Capitalists? Evidence from Unicorns," NBER Working Papers 23981, National Bureau of Economic Research, Inc.
    54. Andrea Pawliczek & A. Nicole Skinner & Laura A. Wellman, 2021. "A new take on voice: the influence of BlackRock’s ‘Dear CEO’ letters," Review of Accounting Studies, Springer, vol. 26(3), pages 1088-1136, September.
    55. Larry Fauver & Mingyi Hung & Alvaro G. Taboada & Emily Jing Wang, 2024. "Boardroom gender diversity reforms and institutional monitoring: global evidence," Review of Accounting Studies, Springer, vol. 29(1), pages 621-664, March.
    56. Borghesi, Richard & Houston, Joel F. & Naranjo, Andy, 2014. "Corporate socially responsible investments: CEO altruism, reputation, and shareholder interests," Journal of Corporate Finance, Elsevier, vol. 26(C), pages 164-181.
    57. Nickolay Gantchev & Oleg R Gredil & Chotibhak Jotikasthira, 2019. "Governance under the Gun: Spillover Effects of Hedge Fund Activism," Review of Finance, European Finance Association, vol. 23(6), pages 1031-1068.
    58. Ian D. Gow & Sa-Pyung Sean Shin & Suraj Srinivasan, 2024. "Activist directors: determinants and consequences," Review of Accounting Studies, Springer, vol. 29(3), pages 2578-2616, September.
    59. Bajzik, Josef, 2023. "Is the role of shareholder activism in corporate governance overestimated?," Finance Research Letters, Elsevier, vol. 58(PC).
    60. Raluca Roman, 2015. "Shareholder activism in banking," Research Working Paper RWP 15-9, Federal Reserve Bank of Kansas City.
    61. Lucian A. Bebchuk & Alon Brav & Wei Jiang, 2015. "The Long-Term Effects of Hedge Fund Activism," NBER Working Papers 21227, National Bureau of Economic Research, Inc.
    62. Albuquerque, Rui & Fos, Vyacheslav & Schroth, Enrique, 2022. "Value creation in shareholder activism," Journal of Financial Economics, Elsevier, vol. 145(2), pages 153-178.
    63. Dasgupta, Amil & Burkart, Mike, 2020. "Competition for flow and and short-termism in activism," LSE Research Online Documents on Economics 106516, London School of Economics and Political Science, LSE Library.
    64. Mu-Shun Wang, 2022. "Shareholder Disputes and Commonality in Liquidity: Evidence from the Equity Markets in China," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 29(2), pages 291-325, June.
    65. Dasgupta, Amil & Brav, Alon & Mathews, Richmond, 2016. "Wolf Pack Activism," CEPR Discussion Papers 11507, C.E.P.R. Discussion Papers.

  8. Graham, John R. & Kim, Hyunseob, 2009. "The Effects of the Length of the Tax-Loss Carryback Period on Tax Receipts and Corporate Marginal Tax Rates," National Tax Journal, National Tax Association;National Tax Journal, vol. 62(3), pages 413-427, September.
    See citations under working paper version above.
  9. Chen, Haiqiang & Choi, Paul Moon Sub & Kim, Hyunseob, 2008. "American depositary receipts: Asia-Pacific evidence on convergence and dynamics," Journal of Multinational Financial Management, Elsevier, vol. 18(4), pages 346-368, October.

    Cited by:

    1. Chen, Haiqiang & Choi, Paul Moon Sub & Hong, Yongmiao, 2013. "How smooth is price discovery? Evidence from cross-listed stock trading," Journal of International Money and Finance, Elsevier, vol. 32(C), pages 668-699.
    2. Lee, Chien-Chiang & Chen, Mei-Ping & Chang, Chi-Hung, 2014. "Industry co-movement and cross-listing: Do home country factors matter?," Japan and the World Economy, Elsevier, vol. 32(C), pages 96-110.
    3. Stanley Peterburgsky & Yini Yang, 2013. "Diversification potential of ADRs, country funds and underlying stocks across economic conditions," Applied Financial Economics, Taylor & Francis Journals, vol. 23(3), pages 199-219, February.
    4. Chen, Haiqiang & Choi, Paul Moon Sub, 2012. "Does information vault Niagara Falls? Cross-listed trading in New York and Toronto," Journal of Empirical Finance, Elsevier, vol. 19(2), pages 175-199.
    5. Ghadhab, Imen & Hellara, Slaheddine, 2016. "Price discovery of cross-listed firms," International Review of Financial Analysis, Elsevier, vol. 44(C), pages 177-188.

IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.