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David Thesmar
(david Thesmar)

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.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Kramarz, Francis & Thesmar, David, 2006. "Social Networks in the Boardroom," IZA Discussion Papers 1940, Institute of Labor Economics (IZA).

    Mentioned in:

    1. L'affaire Proglio
      by obouba in Olivier Bouba-Olga on 2010-01-24 17:45:00

Wikipedia mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. David Thesmar & Mathias Thoenig, 2011. "Contrasting Trends in Firm Volatility," American Economic Journal: Macroeconomics, American Economic Association, vol. 3(4), pages 143-180, October.

    Mentioned in:

    1. Contrasting Trends in Firm Volatility (AEJ:MA 2011) in ReplicationWiki ()
  2. Thomas Chaney & David Sraer & David Thesmar, 2012. "The Collateral Channel: How Real Estate Shocks Affect Corporate Investment," American Economic Review, American Economic Association, vol. 102(6), pages 2381-2409, October.

    Mentioned in:

    1. The Collateral Channel: How Real Estate Shocks Affect Corporate Investment (AER 2012) in ReplicationWiki ()

Working papers

  1. David Sraer & David Thesmar, 2018. "A Sufficient Statistics Approach for Aggregating Firm-Level Experiments," NBER Working Papers 24208, National Bureau of Economic Research, Inc.

    Cited by:

    1. Emmanuel Dhyne & Glenn Magerman & Ayumu Ken kikkawa, 2019. "Imperfect Competition in Firm-to-Firm Trade," Working Papers ECARES 2019-05, ULB -- Universite Libre de Bruxelles.
    2. David Rodgers & Jonathan Hambur, 2018. "The GFC Investment Tax Break," RBA Research Discussion Papers rdp2018-07, Reserve Bank of Australia.
    3. Archawa Paweenawat & Robert M. Townsend, 2019. "The Impact of Regional Isolationism: Disentangling Real and Financial Factors," PIER Discussion Papers 109, Puey Ungphakorn Institute for Economic Research, revised May 2019.

  2. Sylvain Catherine & Thomas Chaney & Zongbo Huang & David Sraer & David Thesmar, 2018. "Quantifying Reduced-Form Evidence on Collateral Constraints," Sciences Po publications info:hdl:2441/5e3g19l1fn9, Sciences Po.

    Cited by:

    1. Hwan Jo & Tatsuro Senga, 2017. "Aggregate Consequences of Credit Subsidy Policies: Firm Dynamics and Misallocation," Working Papers 839, Queen Mary University of London, School of Economics and Finance.
    2. In Hwan Jo & Tatsuro Senga, 2019. "Online Appendix to "Aggregate Consequences of Credit Subsidy Policies: Firm Dynamics and Misallocation"," Technical Appendices 17-402, Review of Economic Dynamics.
    3. James Cloyne & Clodomiro Ferreira & Maren Froemel & Paolo Surico, 2019. "Monetary policy, corporate finance and investment," Working Papers 1911, Banco de España;Working Papers Homepage.

  3. Landier, Augustin & Ma, Yueran & Thesmar, David, 2017. "New Experimental Evidence on Expectations Formation," CEPR Discussion Papers 12527, C.E.P.R. Discussion Papers.

    Cited by:

    1. Annarita Colasante & Simone Alfarano & Eva Camacho-Cuena, 2018. "The term structure of cross-sectional dispersion of expectations in a Learning-to-Forecast Experiment," Working Papers 2018/02, Economics Department, Universitat Jaume I, Castellón (Spain).
    2. Florian Peters & Simas Kucinskas, 2018. "Measuring Biases in Expectation Formation," Tinbergen Institute Discussion Papers 18-058/IV, Tinbergen Institute.
    3. Rene Schwaiger & Michael Kirchler & Florian Lindner & Utz Weitzel, 2018. "Determinants of investor expectations and satisfaction. A study with financial professionals," Working Papers 2018-17, Faculty of Economics and Statistics, University of Innsbruck.

  4. Perignon, Christophe & Thesmar, David & Vuillemey, Guillaume, 2017. "Wholesale Funding Dry-Ups," HEC Research Papers Series 1144, HEC Paris.

    Cited by:

    1. Laurent Grillet-Aubert & Jean-Baptiste Haquin & Clive Jackson & Neill Killeen & Christian Weistroffer, 2016. "Assessing shadow banking – non-bank financial intermediation in Europe," ESRB Occasional Paper Series 10, European Systemic Risk Board.
    2. Ranaldo, Angelo & Wrampelmeyer, Jan, 2016. "Unsecured and Secured Funding," Working Papers on Finance 1616, University of St. Gallen, School of Finance.
    3. Matteo Crosignani, 2015. "Why Are Banks Not Recapitalized During Crises?," Working Papers 203, Oesterreichische Nationalbank (Austrian Central Bank).
    4. J. Barthélemy & V. Bignon & B. Nguyen, 2018. "Monetary Policy and Collateral Constraints since the European Debt Crisis," Working papers 669, Banque de France.
    5. Poutineau, Jean-Christophe & Vermandel, Gauthier, 2017. "Global banking and the conduct of macroprudential policy in a monetary union," Journal of Macroeconomics, Elsevier, vol. 54(PB), pages 306-331.
    6. Corradin, Stefano & Heider, Florian & Hoerova, Marie, 2017. "On collateral: implications for financial stability and monetary policy," Working Paper Series 2107, European Central Bank.
    7. Luisa Carpinelli & Matteo Crosignani, 2017. "The Effect of Central Bank Liquidity Injections on Bank Credit Supply," Finance and Economics Discussion Series 2017-038, Board of Governors of the Federal Reserve System (US).
    8. Jean Barthélémy & Vincent Bignon & Benoît Nguyen, 2017. "Illiquid Collateral and Bank Lending during the European Sovereign Debt Crisis," EconomiX Working Papers 2017-21, University of Paris Nanterre, EconomiX.
    9. Christoph Aymanns & Co-Pierre Georg & Benjamin Golub, 2017. "Illiquidity spirals in Coupled Over-The-Counter Markets," Working Papers on Finance 1810, University of St. Gallen, School of Finance.
    10. Olessia CaillÉ & Louis Raffestin, 2018. "Cross-asset holdings and the resiliency of wholesale funding," Working Papers hal-01973120, HAL.
    11. Perignon, Christophe & Vuillemey, Guillaume & Kacperczyk, Marcin T., 2017. "The Private Production of Safe Assets," HEC Research Papers Series 1212, HEC Paris, revised 26 Oct 2017.
    12. Brancati, Emanuele & Macchiavelli, Marco, 2019. "The information sensitivity of debt in good and bad times," Journal of Financial Economics, Elsevier, vol. 133(1), pages 99-112.
    13. Coen, Jamie & Lepore, Caterina & Schaanning, Eric, 2019. "Taking regulation seriously: fire sales under solvency and liquidity constraints," Bank of England working papers 793, Bank of England.
    14. Jean Barthélémy & Vincent Bignon & Benoît Nguyen, 2017. "Monetary policy, illiquid collateral and bank lending during the European sovereign debt crisis," Economie et Statistique / Economics and Statistics, Institut National de la Statistique et des Études Économiques (INSEE), issue 494-495-4, pages 111-130.

  5. Charles Boissel & François Derrien & Evren Örs & David Thesmar, 2016. "Systemic risk in clearing houses: Evidence from the European repo market," ESRB Working Paper Series 10, European Systemic Risk Board.

    Cited by:

    1. Christophe Pérignon & David Thesmar & Guillaume Vuillemey, 2018. "Wholesale Funding Dry‐Ups," Journal of Finance, American Finance Association, vol. 73(2), pages 575-617, April.
    2. Wenqian Huang, 2019. "Central counterparty capitalization and misaligned incentives," BIS Working Papers 767, Bank for International Settlements.
    3. Van Horen, Neeltje & Kotidis, Antonis, 2018. "Repo market functioning: the role of capital regulation," Bank of England working papers 746, Bank of England.
    4. Ranaldo, Angelo & Wrampelmeyer, Jan, 2016. "Unsecured and Secured Funding," Working Papers on Finance 1616, University of St. Gallen, School of Finance.
    5. Corradin, Stefano & Heider, Florian & Hoerova, Marie, 2017. "On collateral: implications for financial stability and monetary policy," Working Paper Series 2107, European Central Bank.
    6. Cassola, Nuno & Koulischer, François, 2019. "The collateral channel of open market operations," Journal of Financial Stability, Elsevier, vol. 41(C), pages 73-90.
    7. Ferrari, Massimo & Guagliano, Claudia & Mazzacurati, Julien, 2017. "Collateral scarcity premia in euro area repo markets," ESRB Working Paper Series 55, European Systemic Risk Board.
    8. Ranaldo, Angelo & Schaffner, Patrick & Vasios, Michalis, 2019. "Regulatory effects on short-term interest rates," Bank of England working papers 801, Bank of England.
    9. Narayan Bulusu & Pierre Guérin, 2018. "What Drives Interbank Loans? Evidence from Canada," Staff Working Papers 18-5, Bank of Canada.

  6. Markus K. Brunnermeier & Luis Garicano & Philip R. Lane & Marco Pagano & Ricardo Reis & Tano Santos & David Thesmar & Stijn Van Nieuwerburgh & Dimitri Vayanosy, 2016. "The Sovereign-Bank Diabolic Loop and ESBies," Discussion Papers 1617, Centre for Macroeconomics (CFM).

    Cited by:

    1. Pierre-Olivier Gourinchas & Thomas Philippon & Dimitri Vayanos, 2016. "The Analytics of the Greek Crisis," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 100, Hellenic Observatory, LSE.
    2. Cutura, Jannic Alexander, 2018. "Debt holder monitoring and implicit guarantees: Did the BRRD improve market discipline?," SAFE Working Paper Series 232, Research Center SAFE - Sustainable Architecture for Finance in Europe, Goethe University Frankfurt.
    3. Orkun Saka, 2017. "Domestic banks as lightning rods? Home bias during the Eurozone crisis," LEQS – LSE 'Europe in Question' Discussion Paper Series 122, European Institute, LSE.

  7. Thesmar , David & Bouchaud, Jean-Philippe & Krueger , Philipp & Landier , Augustin, 2016. "Sticky Expectations and Stock Market Anomalies," HEC Research Papers Series 1136, HEC Paris.

    Cited by:

    1. Johannes Maier & Clemens König, 2016. "A Model of Reference-Dependent Belief Updating," CESifo Working Paper Series 6156, CESifo Group Munich.

  8. Jean-Philippe Bouchaud & Philipp Krueger & Augustin Landier & David Thesmar, 2016. "Sticky Expectations and the Profitability Anomaly," Swiss Finance Institute Research Paper Series 16-60, Swiss Finance Institute.

    Cited by:

    1. Pedro Bordalo & Nicola Gennaioli & Rafael La Porta & Andrei Shleifer, 2017. "Diagnostic Expectations and Stock Returns," NBER Working Papers 23863, National Bureau of Economic Research, Inc.
    2. Rizzo, Emanuele, 2018. "Essays on corporate governance and the impact of regulation on financial markets," Other publications TiSEM b5158260-ea13-4763-b992-6, Tilburg University, School of Economics and Management.

  9. Jean-Philippe Bouchaud & Stefano Ciliberti & Augustin Landier & Guillaume Simon & David Thesmar, 2016. "The Excess Returns of "Quality" Stocks: A Behavioral Anomaly," Papers 1601.04478, arXiv.org.

    Cited by:

    1. Rizzo, Emanuele, 2018. "Essays on corporate governance and the impact of regulation on financial markets," Other publications TiSEM b5158260-ea13-4763-b992-6, Tilburg University, School of Economics and Management.
    2. Asness, Clifford & Frazzini, Andrea & Israel, Ronen & Moskowitz, Tobias J. & Pedersen, Lasse H., 2018. "Size matters, if you control your junk," Journal of Financial Economics, Elsevier, vol. 129(3), pages 479-509.

  10. Thesmar , David & Landier , Augustin, 2015. "The Capacity of Trading Strategies," HEC Research Papers Series 1089, HEC Paris.

    Cited by:

    1. Ben-David, Itzhak & Franzoni, Francesco & Moussawi, Rabih & Sedunov, John, 2019. "The Granular Nature of Large Institutional Investors," CEPR Discussion Papers 13427, C.E.P.R. Discussion Papers.
    2. Jean‐Philippe Bouchaud & Philipp Krüger & Augustin Landier & David Thesmar, 2019. "Sticky Expectations and the Profitability Anomaly," Journal of Finance, American Finance Association, vol. 74(2), pages 639-674, April.
    3. Michael J. O'Neill & Geoffrey J. Warren, 2019. "Evaluating fund capacity: issues and methods," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 59(S1), pages 773-800, April.
    4. Thesmar , David & Bouchaud , Jean-Philippe & Stefano , Ciliberti & Landier , Augustin & Simon , Guillaume, 2016. "The Excess Returns of 'Quality' Stocks: A Behavioral Anomaly," HEC Research Papers Series 1134, HEC Paris.

  11. Julius Bonart & Jean-Philippe Bouchaud & Augustin Landier & David Thesmar, 2014. "Instabilities in large economies: aggregate volatility without idiosyncratic shocks," Papers 1406.5022, arXiv.org.

    Cited by:

    1. Gualdi, Stanislao & Tarzia, Marco & Zamponi, Francesco & Bouchaud, Jean-Philippe, 2015. "Tipping points in macroeconomic agent-based models," Journal of Economic Dynamics and Control, Elsevier, vol. 50(C), pages 29-61.
    2. Gualdi, Stanislao & Mandel, Antoine, 2016. "On the emergence of scale-free production networks," Journal of Economic Dynamics and Control, Elsevier, vol. 73(C), pages 61-77.
    3. Steve Keen, 2015. "Post Keynesian Theories of Crisis," American Journal of Economics and Sociology, Wiley Blackwell, vol. 74(2), pages 298-324, March.

  12. Charles Boissel & Frannois Derrien & Evren Ors & David Thesmar, 2014. "Sovereign Crises and Bank Financing: Evidence from the European Repo Market," Working Papers hal-02002697, HAL.

    Cited by:

    1. Cassola, Nuno & Koulischer, François, 2019. "The collateral channel of open market operations," Journal of Financial Stability, Elsevier, vol. 41(C), pages 73-90.
    2. Corradin, Stefano & Rodriguez-Moreno, Maria, 2016. "Violating the law of one price: the role of non-conventional monetary policy," Working Paper Series 1927, European Central Bank.

  13. Hombert, Johan & Schoar, Antoinette S & Sraer, David & Thesmar, David, 2014. "Can Unemployment Insurance Spur Entrepreneurial Activity?," CEPR Discussion Papers 10294, C.E.P.R. Discussion Papers.

    Cited by:

    1. Pástor, Luboš & Veronesi, Pietro, 2015. "Income Inequality and Asset Prices under Redistributive Taxation," CEPR Discussion Papers 10899, C.E.P.R. Discussion Papers.
    2. Marieke Bos & Emily Breza & Andres Liberman, 2016. "The Labor Market Effects of Credit Market Information," NBER Working Papers 22436, National Bureau of Economic Research, Inc.
    3. Sari Pekkala Kerr & William R. Kerr & Ramana Nanda, 2015. "House Money and Entrepreneurship," Harvard Business School Working Papers 15-069, Harvard Business School.
    4. Jean Bonnet, 2016. "From Knowledge to Innovation Economy: Developing Education and Creating Entrepreneurial Ecosystems," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 2016-02, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS.
    5. Marco Di Maggio & Amir Kermani, 2016. "The Importance of Unemployment Insurance as an Automatic Stabilizer," NBER Working Papers 22625, National Bureau of Economic Research, Inc.
    6. Sakai Ando, 2017. "Size-Dependent Policies and Efficient Firm Creation," ISER Discussion Paper 1033, Institute of Social and Economic Research, Osaka University, revised Jun 2018.
    7. Battaglia, Marianna & Gulesci, Selim & Madestam, Andreas, 2018. "Repayment Flexibility and Risk Taking: Experimental Evidence from Credit Contracts," CEPR Discussion Papers 13329, C.E.P.R. Discussion Papers.

  14. Hombert, Johan & Schoar, Antoinette & Sraer, David Alexandre & Thesmar, David, 2013. "Can Unemployment Insurance Spur Entrepreneurial Activity? Evidence from France," HEC Research Papers Series 1020, HEC Paris.

    Cited by:

    1. Marco Caliendo & Jens Hogenacker & Steffen Künn & Frank Wießner, 2015. "Subsidized start-ups out of unemployment: a comparison to regular business start-ups," Small Business Economics, Springer, vol. 45(1), pages 165-190, June.

  15. Landier, Augustin & Sraer, David & Thesmar, David, 2013. "Banks Exposure to Interest Rate Risk and The Transmission of Monetary Policy," TSE Working Papers 13-438, Toulouse School of Economics (TSE).

    Cited by:

    1. Ampudia, Miguel & Georgarakos, Dimitris & Slacalek, Jiri & Tristani, Oreste & Vermeulen, Philip & Violante, Giovanni L., 2018. "Monetary policy and household inequality," Working Paper Series 2170, European Central Bank.
    2. Atkeson, Andrew & d'Avernas, Adrien & Eisfeldt, Andrea L. & Weill, Pierre-Olivier, 2018. "Government Guarantees and the Valuation of American Banks," Staff Report 567, Federal Reserve Bank of Minneapolis.
    3. Adrian, Tobias & Boyarchenko, Nina & Shachar, Or, 2016. "Dealer balance sheets and bond liquidity provision," Staff Reports 803, Federal Reserve Bank of New York, revised 01 Mar 2017.
    4. Oscar Manco López & Santiago Medina Hurtado & Oscar Botero & François Legendre, 2018. "Risk assessment methodology: implementation of duration gap in corporate portfolios in order to reduce the systemic risk," Estudios Gerenciales, Universidad Icesi, vol. 34(146), pages 34-41, February.
    5. Ruprecht, Benedikt & Entrop, Oliver & Kick, Thomas & Wilkens, Marco, 2013. "Market Timing, Maturity Mismatch, and Risk Management: Evidence from the Banking Industry," Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79733, Verein für Socialpolitik / German Economic Association.
    6. Ippolito, Filippo & Ozdagli, Ali & Perez Orive, Ander, 2013. "Is Bank Debt Special for the Transmission of Monetary Policy? Evidence from the Stock Market," CEPR Discussion Papers 9696, C.E.P.R. Discussion Papers.
    7. Marco Di Maggio & Amir Kermani & Christopher Palmer, 2016. "How Quantitative Easing Works: Evidence on the Refinancing Channel," NBER Working Papers 22638, National Bureau of Economic Research, Inc.
    8. De Marco, Filippo & Wieladek, Tomasz, 2015. "The real effects of capital requirements and monetary policy: evidence from the United Kingdom," Bank of England working papers 573, Bank of England.
    9. Jérôme Creel & Paul Hubert & Mathilde Viennot, 2016. "The effect of ECB monetary policies on interest rates and volumes," Applied Economics, Taylor & Francis Journals, vol. 48(47), pages 4477-4501, October.
    10. Sylvain Benoît & Christophe Hurlin & Christophe Pérignon, 2015. "Implied Risk Exposures," Post-Print hal-01485613, HAL.
    11. Sebastian Di Tella & Pablo Kurlat, 2017. "Why are Banks Exposed to Monetary Policy?," NBER Working Papers 24076, National Bureau of Economic Research, Inc.
    12. Semyon Malamud & Andreas Schrimpf, 2016. "Intermediation Markups and Monetary Policy Passthrough," Swiss Finance Institute Research Paper Series 16-75, Swiss Finance Institute.
    13. Itamar Drechsler & Alexi Savov & Philipp Schnabl, 2014. "A Model of Monetary Policy and Risk Premia," NBER Working Papers 20141, National Bureau of Economic Research, Inc.
    14. Jerome Creel & Paul Hubert & Mathilde Viennot, 2013. "Assessing the Interest Rate and Bank Lending Channels of ECB Monetary Policies," Working papers wpaper34, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    15. Kapan, Tümer & Minoiu, Camelia, 2013. "Balance sheet strength and bank lending during the global financial crisis," Discussion Papers 33/2013, Deutsche Bundesbank.
    16. Drechsler, Itamar & Savov, Alexi & Schnabl, Philipp, 2018. "Banking on Deposits: Maturity Transformation without Interest Rate Risk," CEPR Discussion Papers 12950, C.E.P.R. Discussion Papers.
    17. Stijn Claessens & Nicholas Coleman & Michael S. Donnelly, 2017. ""Low-For-Long" Interest Rates and Banks' Interest Margins and Profitability : Cross-Country Evidence," International Finance Discussion Papers 1197, Board of Governors of the Federal Reserve System (U.S.).
    18. Morris, Charles S. & Regehr, Kristen, 2014. "What explains low net interest income at community banks?," Economic Review, Federal Reserve Bank of Kansas City, issue Q II, pages 59-87.
    19. Juliane Begenau & Monika Piazzesi & Martin Schneider, 2015. "Banks' Risk Exposures," NBER Working Papers 21334, National Bureau of Economic Research, Inc.
    20. Adriano A. Rampini & S. Viswanathan & Guillaume Vuillemey, 2019. "Risk Management in Financial Institutions," NBER Working Papers 25698, National Bureau of Economic Research, Inc.
    21. Grosse-Rueschkamp, Benjamin & Steffen, Sascha & Streitz, Daniel, 2019. "A capital structure channel of monetary policy," Journal of Financial Economics, Elsevier, vol. 133(2), pages 357-378.
    22. Hoffmann, Peter & Langfield, Sam & Pierobon, Federico & Vuillemey, Guillaume, 2018. "Who bears interest rate risk?," Working Paper Series 2176, European Central Bank.
    23. Knott, Samuel & Richardson, Peter & Rismanchi, Katie & Sen, Kallol, 2014. "Financial Stability Paper 31: Understanding the fair value of banks’ loans," Bank of England Financial Stability Papers 31, Bank of England.
    24. M. Girotti, 2016. "How Monetary Policy Changes Bank Liability Structure and Funding Cost," Working papers 590, Banque de France.
    25. Gerlach, Jeffrey R. & Mora, Nada & Uysal, Pinar, 2018. "Bank funding costs in a rising interest rate environment," Journal of Banking & Finance, Elsevier, vol. 87(C), pages 164-186.
    26. Varotto, Simone & Zhao, Lei, 2018. "Systemic risk and bank size," Journal of International Money and Finance, Elsevier, vol. 82(C), pages 45-70.
    27. Claessens, Stijn & Coleman, Nicholas & Donnelly, Michael, 2017. ""Low-For-Long� Interest Rates and Banks' Interest Margins and Profitability: Cross-Country Evidence," CEPR Discussion Papers 11842, C.E.P.R. Discussion Papers.
    28. Mora, Nada, 2014. "The weakened transmission of monetary policy to consumer loan rates," Economic Review, Federal Reserve Bank of Kansas City, issue Q I, pages 1-26.
    29. La Spada, Gabriele, 2018. "Competition, reach for yield, and money market funds," Journal of Financial Economics, Elsevier, vol. 129(1), pages 87-110.
    30. Rodney Ramcharan & Amir Kermani & Marco Di Maggio, 2015. "Monetary Policy Pass-Through: Household Consumption and Voluntary Deleveraging," 2015 Meeting Papers 256, Society for Economic Dynamics.
    31. Mark Iarovyi & sasson Bar Yosef & Itzhak Venezia, 2017. "Implied Maturity Mismatches and Investor Disagreement," Proceedings of Economics and Finance Conferences 4507072, International Institute of Social and Economic Sciences.

  16. Martin C. Schmalz & David A. Sraer & David Thesmar, 2013. "Housing Collateral and Entrepreneurship," NBER Working Papers 19680, National Bureau of Economic Research, Inc.

    Cited by:

    1. Johan Hombert & Antoinette Schoar & David Sraer & David Thesmar, 2016. "Does Unemployment Insurance Change the Selection into Entrepreneurship?," NBER Chapters,in: Measuring Entrepreneurial Businesses: Current Knowledge and Challenges, pages 351-369 National Bureau of Economic Research, Inc.
    2. Jieying Li & Xin Zhang, 2018. "House Prices, Home Equity, and Personal Debt Composition," 2018 Meeting Papers 661, Society for Economic Dynamics.
    3. Bracke, Philippe & Hilber, Christian A. L. & Silva, Olmo, 2018. "Mortgage debt and entrepreneurship," LSE Research Online Documents on Economics 84703, London School of Economics and Political Science, LSE Library.
    4. Dimitrios Gounopoulos & Kyriaki Kosmidou & Dimitrios Kousenidis & Victoria Patsika, 2019. "The investigation of the dynamic linkages between real estate market and stock market in Greece," The European Journal of Finance, Taylor & Francis Journals, vol. 25(7), pages 647-669, May.
    5. P. Aghion & U. Akcigit & M. Lequien & S. Stantcheva, 2018. "Tax Simplicity and Heterogeneous Learning," Working papers 665, Banque de France.
    6. Thais Lærkholm Jensen & Søren Leth-Petersen & Ramana Nanda, 2014. "Housing Collateral, Credit Constraints and Entrepreneurship - Evidence from a Mortgage Reform," NBER Working Papers 20583, National Bureau of Economic Research, Inc.
    7. Toni Beutler & Mathieu Grobéty, 2011. "The Collateral Channel under Imperfect Debt Enforcement," Working Papers 11.11, Swiss National Bank, Study Center Gerzensee.
    8. Foug�re, Denis & Lecat, R�my & Ray, Simon, 2017. "Real estate prices and corporate investment: theory and evidence of heterogeneous effects across firms," CEPR Discussion Papers 11883, C.E.P.R. Discussion Papers.
    9. Manuel Adelino & Song Ma & David T. Robinson, 2014. "Firm Age, Investment Opportunities, and Job Creation," NBER Working Papers 19845, National Bureau of Economic Research, Inc.
    10. Burke, Andrew & Millán, José María & Román, Concepción & van Stel, André, 2018. "Exploring the impact of different types of prior entrepreneurial experience on employer firm performance," Journal of Business Research, Elsevier, vol. 90(C), pages 107-122.
    11. Jie Chen & Mingzhi Hu, 2019. "What types of homeowners are more likely to be entrepreneurs? The evidence from China," Small Business Economics, Springer, vol. 52(3), pages 633-649, March.
    12. Nuri Ersahin & Rustom M. Irani, 2015. "Collateral Values and Corporate Employment," Working Papers 15-30, Center for Economic Studies, U.S. Census Bureau.
    13. Nuri Ersahin & Rustom M. Irani, 2015. "Collateral Values and Corporate Employment," Working Papers 15-30r, Center for Economic Studies, U.S. Census Bureau.
    14. Barnett, William & Hu, Mingzhi & Wang, Xue, 2018. "Does the Utilization of Information Communication Technology Promote Entrepreneurship: Evidence from Rural China," MPRA Paper 86479, University Library of Munich, Germany.
    15. Blickle, Kristian S., 2018. "Local banks, credit supply, and house prices," Staff Reports 874, Federal Reserve Bank of New York.
    16. Bahaj, Saleem & Foulis, Angus & Pinter, Gabor, 2017. "Home values and firm behaviour," Bank of England working papers 679, Bank of England.
    17. Bahaj, Saleem A. & Foulis, Angus & Pinter, Gabor, 2016. "The residential collateral channel," LSE Research Online Documents on Economics 86240, London School of Economics and Political Science, LSE Library.
    18. Takanori Adachi & Takanori Hisada, 2017. "Gender differences in entrepreneurship and intrapreneurship: an empirical analysis," Small Business Economics, Springer, vol. 48(3), pages 447-486, March.
    19. Taejun Lim, 2018. "Housing as Collateral, Financial Constraints, and Small Businesses," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 30, pages 68-85, October.
    20. Hamed Ghiaie, 2018. "Shadow Bank run, Housing and Credit Market: The Story of a Recession," THEMA Working Papers 2018-01, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    21. Gordon, Roger & Sarada,, 2018. "How should taxes be designed to encourage entrepreneurship?," Journal of Public Economics, Elsevier, vol. 166(C), pages 1-11.
    22. Marieke Bos & Emily Breza & Andres Liberman, 2016. "The Labor Market Effects of Credit Market Information," NBER Working Papers 22436, National Bureau of Economic Research, Inc.
    23. Arthur B. Kennickell & Myron L. Kwast & Jonathan Pogach, 2016. "Small Businesses and Small Business Finance during the Financial Crisis and the Great Recession: New Evidence from the Survey of Consumer Finances," NBER Chapters,in: Measuring Entrepreneurial Businesses: Current Knowledge and Challenges, pages 291-349 National Bureau of Economic Research, Inc.
    24. Sari Pekkala Kerr & William R. Kerr & Ramana Nanda, 2015. "House Money and Entrepreneurship," Harvard Business School Working Papers 15-069, Harvard Business School.
    25. William F. Lincoln & Andrew H. McCallum & Michael Siemer, 2017. "The Great Recession and a Missing Generation of Exporters," Finance and Economics Discussion Series 2017-108, Board of Governors of the Federal Reserve System (US).
    26. Joshua D. Gottlieb & Richard R. Townsend & Ting Xu, 2016. "Does Career Risk Deter Potential Entrepreneurs?," NBER Working Papers 22446, National Bureau of Economic Research, Inc.
    27. Mehrotra, Neil & Sergeyev, Dmitriy, 2016. "Financial Shocks and Job Flows," CEPR Discussion Papers 11677, C.E.P.R. Discussion Papers.
    28. William F. Lincoln & Andrew H. McCallum & Michael Siemer, 2018. "The Great Recession and a Missing Generation of Exporters," Working Papers 18-33, Center for Economic Studies, U.S. Census Bureau.
    29. Remco Mocking & Benedikt Vogt & Wolter Hassink, 2017. "Collateral Damage? Decreasing House Prices and Entrepreneurial Lending," CPB Discussion Paper 351, CPB Netherlands Bureau for Economic Policy Analysis.
    30. Florian LEON, 2018. "Long-Term Finance and Entrepreneurship," CREA Discussion Paper Series 18-01, Center for Research in Economic Analysis, University of Luxembourg.
    31. Dahl, Michael S. & van Praag, Mirjam C. & Thompson, Peter, 2014. "Entrepreneurial Couples," IZA Discussion Papers 8186, Institute of Labor Economics (IZA).
    32. Manuel Adelino & Antoinette Schoar & Felipe Severino, 2013. "House Prices, Collateral and Self-Employment," NBER Working Papers 18868, National Bureau of Economic Research, Inc.
    33. Popov, Alexander, 2017. "Evidence on finance and economic growth," Working Paper Series 2115, European Central Bank.
    34. Johan Hombert & Antoinette Schoar & David Sraer & David Thesmar, 2014. "Can Unemployment Insurance Spur Entrepreneurial Activity?," NBER Working Papers 20717, National Bureau of Economic Research, Inc.
    35. Ting Zhang & Zoltan Acs, 2018. "Age and entrepreneurship: nuances from entrepreneur types and generation effects," Small Business Economics, Springer, vol. 51(4), pages 773-809, December.
    36. Ramana Nanda, 2016. "Financing high-potential entrepreneurship," IZA World of Labor, Institute of Labor Economics (IZA), pages 252-252, April.
    37. Cai, Dongliang & Song, Quanyun & Ma, Shuang & Dong, Yang & Xu, Qiuhua, 2018. "The relationship between credit constraints and household entrepreneurship in China," International Review of Economics & Finance, Elsevier, vol. 58(C), pages 246-258.
    38. de Meza, David & Dawson, Christopher & Henley, Andrew & Arabsheibani, G. Reza, 2019. "Curb your enthusiasm: Optimistic entrepreneurs earn less," European Economic Review, Elsevier, vol. 111(C), pages 53-69.
    39. He, Zekai & Shi, Xiuzhen & Lu, Xiaomeng & Li, Feng, 2019. "Home equity and household portfolio choice: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 60(C), pages 149-164.
    40. Thais Laerkholm Jensen & Søren Leth-Petersen & Ramana Nanda, 2014. "Home Equity Finance and Entrepreneurial Performance - Evidence from a Mortgage Reform," Harvard Business School Working Papers 15-020, Harvard Business School, revised Sep 2015.
    41. William Lincoln & Andrew McCallum & Michael Siemer, 2018. "The Great Recession and a Missing Generation of Exporters," 2018 Meeting Papers 558, Society for Economic Dynamics.
    42. Kennickell, Arthur B. & Kwast, Myron L. & Pogach, Jonathan, 2015. "Small Businesses and Small Business Finance during the Financial Crisis and the Great Recession: New Evidence From the Survey of Consumer Finances," Finance and Economics Discussion Series 2015-39, Board of Governors of the Federal Reserve System (US).

  17. Landier, Augustin & Sraer, David & Thesmar, David, 2013. "Banking Deregulation and The Rise in House Price Comovement," IDEI Working Papers 799, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Füss, Roland & Zietz, Joachim, 2016. "The economic drivers of differences in house price inflation rates across MSAs," Journal of Housing Economics, Elsevier, vol. 31(C), pages 35-53.
    2. Hernández-Murillo, Rubén & Owyang, Michael T. & Rubio, Margarita, 2013. "Clustered housing cycles," Working Papers 2013-021, Federal Reserve Bank of St. Louis, revised 10 May 2017.
    3. S. Avouyi-Dovi & C. Labonne & R. Lecat & S. Ray, 2017. "Insight from a Time-Varying VAR Model with Stochastic Volatility of the French Housing and Credit Markets," Working papers 620, Banque de France.

  18. Brun , Matthieu & Fraisse , Henri & Thesmar , David, 2013. "The Real Effects of Bank Capital Requirements," HEC Research Papers Series 988, HEC Paris.

    Cited by:

    1. Reint Gropp & Thomas C. Mosk & Steven Ongena & Carlo Wix, 2016. "Bank Response to Higher Capital Requirements: Evidence from a Quasi-Natural Experiment," Swiss Finance Institute Research Paper Series 16-70, Swiss Finance Institute.
    2. Jean-Stéphane Mésonnier & Allen Monks, 2015. "Did the EBA Capital Exercise Cause a Credit Crunch in the Euro Area?," International Journal of Central Banking, International Journal of Central Banking, vol. 11(3), pages 75-117, June.
    3. De Marco, Filippo & Wieladek, Tomasz, 2015. "The real effects of capital requirements and monetary policy: evidence from the United Kingdom," Bank of England working papers 573, Bank of England.
    4. C. Labonne & C. Welter-Nicol, 2015. "MERCURE : Cheap Credit, Unaffordable Houses?," Débats économiques et financiers 20, Banque de France.
    5. Avouyi-Dovi, S. & Labonne, C. & Lecat, R., 2014. "The housing market: the impact of macroprudential measures in France," Financial Stability Review, Banque de France, issue 18, pages 195-206, April.
    6. Markus Behn & Marco Gross & Tuomas Peltonen, 2016. "Assessing the costs and benefits of capital-based macroprudential policy," ESRB Working Paper Series 17, European Systemic Risk Board.
    7. Poutineau, Jean-Christophe & Vermandel, Gauthier, 2017. "Global banking and the conduct of macroprudential policy in a monetary union," Journal of Macroeconomics, Elsevier, vol. 54(PB), pages 306-331.
    8. Ingo Fender & Ulf Lewrick, 2015. "Calibrating the leverage ratio," BIS Quarterly Review, Bank for International Settlements, December.
    9. Giovanni B. Pittaluga, 2016. "L’aumento dei requisiti di capitale minimo delle banche: alcune considerazioni," ECONOMIA E DIRITTO DEL TERZIARIO, FrancoAngeli Editore, vol. 2016(3), pages 409-422.
    10. Yangfan Sun & Hui Tong, 2015. "How Does Post-Crisis Bank Capital Adequacy Affect Firm Investment?," IMF Working Papers 15/145, International Monetary Fund.
    11. Michalski, Tomasz & Örs, Evren & Pakel, Banu Demir, 2016. "Risk-Based Capital Requirements for Banks and International Trade," CEPR Discussion Papers 11565, C.E.P.R. Discussion Papers.
    12. Behn, Markus & Haselmann, Rainer & Vig, Vikrant, 2014. "The limits of model-based regulation," SAFE Working Paper Series 75, Research Center SAFE - Sustainable Architecture for Finance in Europe, Goethe University Frankfurt.
    13. Behn, Markus & Haselmann, Rainer & Vig, Vikrant, 2014. "Risk weights, lending, and financial stability: Limits to model-based capital regulation," Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100430, Verein für Socialpolitik / German Economic Association.
    14. Labonne, C. & Lamé, G., 2014. "Credit Growth and Bank Capital Requirements: Binding or Not?," Working papers 481, Banque de France.
    15. Sofiane Aboura & Emmanuel Lépinette, 2015. "Do banks satisfy the Modigliani-Miller theorem?," Economics Bulletin, AccessEcon, vol. 35(2), pages 924-935.
    16. Koray Alper & Mehmet Selman Colak & Ertan Tok, 2016. "Sermaye Kýsýtlarý ve Kredi Büyümesi : Mekanik Bir Analiz," CBT Research Notes in Economics 1618, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    17. Niall McInerney, 2016. "A Structural Model of Macroprudential Policy: the Case of Ireland," EcoMod2016 9643, EcoMod.
    18. Ingo Fender & Ulf Lewrick, 2016. "Adding it all up: the macroeconomic impact of Basel II and outstanding reform issues," BIS Working Papers 591, Bank for International Settlements.
    19. Kogler, Michael, 2016. "Optimal Bank Capital Regulation, the Real Sector, and the State of the Economy," Economics Working Paper Series 1615, University of St. Gallen, School of Economics and Political Science.
    20. B. Camara & F.-D. Castellani & H. Fraisse & L. Frey & C. Héam & L. Labonne & V. Martin, 2015. "MERCURE : A Macroprudential Stress Testing Model developed at the ACPR," Débats économiques et financiers 19, Banque de France.
    21. Natalya Martynova, 2015. "Effect of bank capital requirements on economic growth: a survey," DNB Working Papers 467, Netherlands Central Bank, Research Department.
    22. J. Hombert & V. Lyonnet, 2017. "Intergenerational Risk Sharing in Life Insurance: Evidence from France," Débats économiques et financiers 30, Banque de France.
    23. Dietsch, Michel & Düllmann, Klaus & Fraisse, Henri & Koziol, Philipp & Ott, Christine, 2016. "Support for the SME supporting factor: Multi-country empirical evidence on systematic risk factor for SME loans," Discussion Papers 45/2016, Deutsche Bundesbank.

  19. Landier, Augustin & Sraer, David & Thesmar, David, 2013. "Banking Integration and House Price Comovement," CEPR Discussion Papers 9754, C.E.P.R. Discussion Papers.

    Cited by:

    1. Ben-David, Itzhak & Franzoni, Francesco & Moussawi, Rabih & Sedunov, John, 2019. "The Granular Nature of Large Institutional Investors," CEPR Discussion Papers 13427, C.E.P.R. Discussion Papers.
    2. Adrian Alter & Jane Dokko & Dulani Seneviratne, 2018. "House Price Synchronicity, Banking Integration, and Global Financial Conditions," IMF Working Papers 18/250, International Monetary Fund.
    3. Atif Mian & Amir Sufi & Emil Verner, 2017. "How do Credit Supply Shocks Affect the Real Economy? Evidence from the United States in the 1980s," NBER Working Papers 23802, National Bureau of Economic Research, Inc.
    4. Milcheva, Stanimira & Zhu, Bing, 2016. "Bank integration and co-movements across housing markets," Journal of Banking & Finance, Elsevier, vol. 72(S), pages 148-171.

  20. Robin Greenwood & Augustin Landier & David Thesmar, 2012. "Vulnerable Banks," NBER Working Papers 18537, National Bureau of Economic Research, Inc.

    Cited by:

    1. Iñaki Aldasoro & Iván Alves, 2016. "Multiplex interbank networks and systemic importance – An application to European data," ESRB Working Paper Series 20, European Systemic Risk Board.
    2. Wolski, Marcin & van de Leur, Michiel, 2016. "Interbank loans, collateral and modern monetary policy," Working Paper Series 1959, European Central Bank.
    3. Raffestin, Louis, 2014. "Diversification and systemic risk," Journal of Banking & Finance, Elsevier, vol. 46(C), pages 85-106.
    4. Ignacio Lozano & Alexander Guarín, 2014. "Fragilidad Bancaria en Colombia: Un Análisis Basado en las Hojas de Balance," Borradores de Economia 813, Banco de la Republica de Colombia.
    5. Inaki Aldasoro & Domenico Delli Gatti & Ester Faia, 2015. "Bank Networks: Contagion, Systemic Risk and Prudential Policy," CESifo Working Paper Series 5182, CESifo Group Munich.
    6. Ignacio Lozano & Alexander Guarin, 2014. "Banking fragility in Colombia: An empirical analysis based on balance sheets," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 32(75), pages 48-63, December.
    7. Rudiger Ahrend & Antoine Goujard, 2012. "International Capital Mobility and Financial Fragility - Part 3. How Do Structural Policies Affect Financial Crisis Risk?: Evidence from Past Crises Across OECD and Emerging Economies," OECD Economics Department Working Papers 966, OECD Publishing.
    8. Poledna, Sebastian & Molina-Borboa, José Luis & Martínez-Jaramillo, Serafín & van der Leij, Marco & Thurner, Stefan, 2015. "The multi-layer network nature of systemic risk and its implications for the costs of financial crises," Journal of Financial Stability, Elsevier, vol. 20(C), pages 70-81.
    9. Riedler, Jesper & Brueckbauer, Frank, 2017. "Evaluating regulation within an artificial financial system: A framework and its application to the liquidity coverage ratio regulation," ZEW Discussion Papers 17-022, ZEW - Leibniz Centre for European Economic Research.
    10. Sengupta, Rajdeep & Black, Lamont K. & Floros , Ioannis, 2016. "Raising capital when the going gets tough: U.S. bank equity issuance from 2001 to 2014," Research Working Paper RWP 16-5, Federal Reserve Bank of Kansas City.
    11. Beyhaghi, Mehdi & Massoud, Nadia & Saunders, Anthony, 2017. "Why and how do banks lay off credit risk? The choice between retention, loan sales and credit default swaps," Journal of Corporate Finance, Elsevier, vol. 42(C), pages 335-355.
    12. Giulia Poce & Giulio Cimini & Andrea Gabrielli & Andrea Zaccaria & Giuditta Baldacci & Marco Polito & Mariangela Rizzo & Silvia Sabatini, 2016. "What do central counterparties default funds really cover? A network-based stress test answer," Papers 1611.03782, arXiv.org.
    13. Banulescu, Georgiana-Denisa & Dumitrescu, Elena-Ivona, 2015. "Which are the SIFIs? A Component Expected Shortfall approach to systemic risk," Journal of Banking & Finance, Elsevier, vol. 50(C), pages 575-588.
    14. Fricke, Christoph & Fricke, Daniel, 2017. "Vulnerable Funds?," Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168209, Verein für Socialpolitik / German Economic Association.
    15. Rick Bookstaber & Mark Paddrik & Brian Tivnan, 2014. "An Agent-based Model for Financial Vulnerability," Working Papers 14-05, Office of Financial Research, US Department of the Treasury, revised Sep 2014.
    16. Gruber, Alexander & Kogler, Michael, 2016. "Banks and Sovereigns: A Model of Mutual Contagion," Economics Working Paper Series 1614, University of St. Gallen, School of Economics and Political Science.
    17. Matteo Serri & Guido Caldarelli & Giulio Cimini, 2016. "How the interbank market becomes systemically dangerous: an agent-based network model of financial distress propagation," Papers 1611.04311, arXiv.org.
    18. Kristin Forbes, 2012. "The "Big C": Identifying Contagion," NBER Working Papers 18465, National Bureau of Economic Research, Inc.
    19. Yann Braouezec & Lakshithe Wagalath, 2016. "Risk-based capital requirements and optimal liquidation in a stress scenario," Working Papers 2016-ACF-01, IESEG School of Management.
    20. Aldasoro, Iñaki & Faia, Ester, 2016. "Systemic loops and liquidity regulation," Journal of Financial Stability, Elsevier, vol. 27(C), pages 1-16.
    21. Banwo, Opeoluwa & Caccioli, Fabio & Harrald, Paul & Medda, Francesca, 2017. "The effect of heterogeneity on financial contagion due to overlapping portfolios," LSE Research Online Documents on Economics 69678, London School of Economics and Political Science, LSE Library.
    22. Silva, Thiago Christiano & Souza, Sergio Rubens Stancato & Tabak, Benjamin Miranda, 2017. "Monitoring vulnerability and impact diffusion in financial networks," Journal of Economic Dynamics and Control, Elsevier, vol. 76(C), pages 109-135.
    23. Levy-Carciente, Sary & Kenett, Dror Y. & Avakian, Adam & Stanley, H. Eugene & Havlin, Shlomo, 2015. "Dynamical macroprudential stress testing using network theory," Journal of Banking & Finance, Elsevier, vol. 59(C), pages 164-181.
    24. Hüser, Anne-Caroline & Hałaj, Grzegorz & Kok, Christoffer & Perales, Cristian & van der Kraaij, Anton, 2018. "The systemic implications of bail-in: A multi-layered network approach," Journal of Financial Stability, Elsevier, vol. 38(C), pages 81-97.
    25. Domenico Di Gangi & Fabrizio Lillo & Davide Pirino, 2015. "Assessing systemic risk due to fire sales spillover through maximum entropy network reconstruction," Papers 1509.00607, arXiv.org, revised Jul 2018.
    26. S. Avouyi-Dovi & G. Horny & P. Sevestre, 2015. "The stability of short-term interest rates pass-through in the euro area during the financial market and sovereign debt crises," Working papers 547, Banque de France.
    27. Fricke, Christoph & Fricke, Daniel, 2017. "Vulnerable asset management? The case of mutual funds," Discussion Papers 32/2017, Deutsche Bundesbank.
    28. Fabio Caccioli & Paolo Barucca & Teruyoshi Kobayashi, 2018. "Network models of financial systemic risk: a review," Journal of Computational Social Science, Springer, vol. 1(1), pages 81-114, January.
    29. Czech, Robert & Roberts-Sklar, Matt, 2017. "Investor behaviour and reaching for yield: evidence from the sterling corporate bond market," Bank of England working papers 685, Bank of England.
    30. Abbassi, Puriya & Brownlees, Christian & Hans, Christina & Podlich, Natalia, 2016. "Credit risk interconnectedness: What does the market really know?," Discussion Papers 09/2016, Deutsche Bundesbank.
    31. Frey, Rainer, 2015. "Multinational banks' deleveraging in the crisis driven by pre-crisis characteristics and behavior," Discussion Papers 18/2015, Deutsche Bundesbank.
    32. Calimani, Susanna & Hałaj, Grzegorz & Żochowski, Dawid, 2017. "Simulating fire-sales in a banking and shadow banking system," ESRB Working Paper Series 46, European Systemic Risk Board.
    33. Thiago Christiano Silva & Michel Alexandre da Silva & Benjamin Miranda Tabak, 2017. "Systemic Risk in Financial Systems: a feedback approach," Working Papers Series 461, Central Bank of Brazil, Research Department.
    34. Matthew Elliott & Benjamin Golub & Matthew O. Jackson, 2014. "Financial Networks and Contagion," American Economic Review, American Economic Association, vol. 104(10), pages 3115-3153, October.
    35. T. R. Hurd, 2017. "Bank Panics and Fire Sales, Insolvency and Illiquidity," Papers 1711.05289, arXiv.org.
    36. J. Idier & T. Piquard, 2017. "Pandemic crises in financial systems: a simulation-model to complement stress-testing frameworks," Working papers 621, Banque de France.
    37. Ahrend, Rudiger & Goujard, Antoine, 2015. "Global banking, global crises? The role of the bank balance-sheet channel for the transmission of financial crises," European Economic Review, Elsevier, vol. 80(C), pages 253-279.

  21. Landier, Augustin & Sraer, David & Thesmar, David, 2011. "The risk-Shifting Hypothesis," IDEI Working Papers 699, Institut d'Économie Industrielle (IDEI), Toulouse.

    Cited by:

    1. Adrian, Tobias & Liang, J. Nellie, 2014. "Monetary policy, financial conditions, and financial stability," Staff Reports 690, Federal Reserve Bank of New York, revised 01 Dec 2016.
    2. Kogler, Michael, 2015. "Rewarding Prudence: Risk Taking, Pecuniary Externalities and Optimal Bank Regulation," Economics Working Paper Series 1512, University of St. Gallen, School of Economics and Political Science.
    3. Sergey Chernenko & Samuel G. Hanson & Adi Sunderam, 2014. "The Rise and Fall of Demand for Securitizations," NBER Working Papers 20777, National Bureau of Economic Research, Inc.

  22. Quentin Boucly & David Sraer & David Thesmar, 2011. "Growth LBOs," Post-Print hal-00632110, HAL.

    Cited by:

    1. Anne-Laure Le Nadant & Frédéric Perdreau, 2012. "Do Private Equity Firms Foster Innovation? Evidence from French LBOs," Economics Working Paper Archive (University of Rennes 1 & University of Caen) 201209, Center for Research in Economics and Management (CREM), University of Rennes 1, University of Caen and CNRS.
    2. Axelson, Ulf & Jenkinson, Tim & Strömberg, Per & Weisbach, Michael S., 2012. "Borrow cheap, buy high?: the determinants of leverage and pricing in buyouts," LSE Research Online Documents on Economics 43088, London School of Economics and Political Science, LSE Library.
    3. Olsson, Martin & Tåg, Joacim, 2015. "Private Equity, Layoffs, and Job Polarization," Working Paper Series 1068, Research Institute of Industrial Economics.
    4. Sridhar Arcot & Zsuzsanna Fluck & José-Miguel Gaspar & Ulrich Hege, 2013. "Fund Managers under Pressure: Rationale and Determinants of Secondary Buyouts," Post-Print hal-01453173, HAL.
    5. Norbäck, Pehr-Johan & Persson, Lars & Tåg, Joacim, 2010. "Buying to Sell: A Theory of Buyouts," Working Paper Series 817, Research Institute of Industrial Economics.
    6. Ayash, Brian & Bartlett, Robert P. & Poulsen, Annette B., 2017. "The determinants of buyout returns: Does transaction strategy matter?," Journal of Corporate Finance, Elsevier, vol. 46(C), pages 342-360.
    7. Malenko, Andrey & Malenko, Nadya, 2015. "A theory of LBO activity based on repeated debt-equity conflicts," Journal of Financial Economics, Elsevier, vol. 117(3), pages 607-627.
    8. Annalisa Croce & Diego D’Adda & Elisa Ughetto, 2015. "Venture capital financing and the financial distress risk of portfolio firms: How independent and bank-affiliated investors differ," Small Business Economics, Springer, vol. 44(1), pages 189-206, January.
    9. Ferreira, Daniel & Manso, Gustavo & Silva, André C., 2010. "Incentives to Innovate and the Decision to Go Public or Private," CEPR Discussion Papers 7750, C.E.P.R. Discussion Papers.
    10. Paglia, John K. & Harjoto, Maretno A., 2014. "The effects of private equity and venture capital on sales and employment growth in small and medium-sized businesses," Journal of Banking & Finance, Elsevier, vol. 47(C), pages 177-197.
    11. Hammer, Benjamin & Knauer, Alexander & Pflücke, Magnus & Schwetzler, Bernhard, 2017. "Inorganic growth strategies and the evolution of the private equity business model," Journal of Corporate Finance, Elsevier, vol. 45(C), pages 31-63.
    12. Engel, Dirk & Stiebale, Joel, 2009. "Private Equity, Investment and Financial Constraints – Firm-Level Evidence for France and the United Kingdom," Ruhr Economic Papers 126, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    13. Troy D. Smith, 2015. "Private Equity Investment in India: Efficiency vs Expansion," Discussion Papers 15-011, Stanford Institute for Economic Policy Research.
    14. Erich Battistin & Paolo Bortoluzzi & Fabio Buttignon & Marco Vedovato, 2017. "Minority and majority private equity investments: firm performance and governance," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 21(3), pages 659-684, September.
    15. Mao, Y., 2013. "Essays on leveraged buyouts," Other publications TiSEM 55806b61-eacb-4ba2-97c6-8, Tilburg University, School of Economics and Management.
    16. Anne-Laure Le Nadant & Frédéric Perdreau, 2011. "LBOs and innovation: the French case," Post-Print halshs-00669910, HAL.
    17. Shai Bernstein & Josh Lerner & Filippo Mezzanotti, 2017. "Private Equity and Financial Fragility during the Crisis," NBER Working Papers 23626, National Bureau of Economic Research, Inc.
    18. Amess, Kevin & Stiebale, Joel & Wright, Mike, 2016. "The impact of private equity on firms׳ patenting activity," European Economic Review, Elsevier, vol. 86(C), pages 147-160.
    19. Cohn, Jonathan B. & Mills, Lillian F. & Towery, Erin M., 2014. "The evolution of capital structure and operating performance after leveraged buyouts: Evidence from U.S. corporate tax returns," Journal of Financial Economics, Elsevier, vol. 111(2), pages 469-494.
    20. Lloyd Blenman & Nischala Reddy, 2014. "Leveraged Buyout Activity: A Tale of Developed and Developing Economies," Journal of Financial Management, Markets and Institutions, Società editrice il Mulino, issue 2, pages 157-184, December.
    21. Renneboog, Luc & Vansteenkiste, Cara, 2017. "Leveraged Buyouts : A Survey of the Literature," Discussion Paper 2017-015, Tilburg University, Center for Economic Research.
    22. Capasso, Arturo & Faraci, Rosario & Picone, Pasquale Massimo, 2014. "Equity-worthiness and equity-willingness: Key factors in private equity deals," Business Horizons, Elsevier, vol. 57(5), pages 637-645.
    23. Amess, Kevin & Stiebale, Joel & Wright, Mike, 2015. "The impact of private equity on firms' innovation activity," DICE Discussion Papers 184, University of Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    24. Pehr-Johan Norbäck & Lars Persson & Joacim Tag, 2013. "Buying to Sell: Private Equity Buyouts and Industrial Restructuring," CESifo Working Paper Series 4338, CESifo Group Munich.
    25. Ayash, Brian & Schütt, Harm, 2016. "Does going private add value through operating improvements?," Journal of Corporate Finance, Elsevier, vol. 40(C), pages 192-215.
    26. Erich Battistin & Paolo Bortoluzzi & Fabio Buttignon & Martina Serafini & Marco Vedovato, 2013. "The Effects of Private Equity on Targets: Majority versus Minority Investments," "Marco Fanno" Working Papers 0167, Dipartimento di Scienze Economiche "Marco Fanno".

  23. Landier, Augustin & Sraer, David & Thesmar, David, 2011. "The risk-Shifting Hypothesis : Evidence from Subprime Originations," TSE Working Papers 11-279, Toulouse School of Economics (TSE).

    Cited by:

    1. Iachan, Felipe Saraiva, 2017. "Capital budgeting and risk taking under credit constraints," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 786, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    2. Acharya, Viral & Litov, Lubomir P. & Sepe, Simone M., 2014. "Seeking Alpha, Taking Risk: Evidence from Non-executive Pay in U.S. Bank Holding Companies," Working Papers 13-18, University of Pennsylvania, Wharton School, Weiss Center.
    3. Adrian, Tobias & Liang, J. Nellie, 2014. "Monetary policy, financial conditions, and financial stability," Staff Reports 690, Federal Reserve Bank of New York, revised 01 Dec 2016.
    4. Berndt, Antje & Hollifield, Burton & Sandås, Patrik, 2017. "What Broker Charges Reveal about Mortgage Credit Risk," Working Paper Series 336, Sveriges Riksbank (Central Bank of Sweden).
    5. Arthur Korteweg & Morten Sorensen, 2012. "Estimating Loan-to-Value and Foreclosure Behavior," NBER Working Papers 17882, National Bureau of Economic Research, Inc.
    6. Beirne, John & Friedrich, Christian, 2017. "Macroprudential policies, capital flows, and the structure of the banking sector," Journal of International Money and Finance, Elsevier, vol. 75(C), pages 47-68.
    7. Kogler, Michael, 2015. "Rewarding Prudence: Risk Taking, Pecuniary Externalities and Optimal Bank Regulation," Economics Working Paper Series 1512, University of St. Gallen, School of Economics and Political Science.
    8. Lukasz Kurowski & Pawel Smaga, 2018. "Monetary Policy and Cyclical Systemic Risk - Friends or Foes?," Prague Economic Papers, University of Economics, Prague, vol. 2018(5), pages 522-540.
    9. Cziraki, Peter, 2018. "Trading by bank insiders before and during the 2007–2008 financial crisis," Journal of Financial Intermediation, Elsevier, vol. 33(C), pages 58-82.
    10. Samuel Hanson & Jeremy C. Stein, 2012. "Monetary policy and long-term real rates," Finance and Economics Discussion Series 2012-46, Board of Governors of the Federal Reserve System (US).
    11. Yuliya Demyanyk & Elena Loutskina, 2012. "Mortgage companies and regulatory arbitrage," Working Papers (Old Series) 1220R, Federal Reserve Bank of Cleveland, revised 01 Apr 2014.
    12. Rodney Ramcharan & Amir Kermani & Marco Di Maggio, 2015. "Monetary Policy Pass-Through: Household Consumption and Voluntary Deleveraging," 2015 Meeting Papers 256, Society for Economic Dynamics.

  24. David Thesmar & Mathias Thoenig, 2011. "Contrasting Trends in Firm Volatility," Post-Print hal-00635987, HAL.

    Cited by:

    1. Marianne Bertrand & Francis Kramarz & Antoinette Schoar & David Thesmar, 2018. "The Cost of Political Connections," Review of Finance, European Finance Association, vol. 22(3), pages 849-876.
    2. Isabelle Mejean & Andrei Levchenko & Julian di Giovanni, 2013. "Firms, Destinations, and Aggregate Fluctuations," 2013 Meeting Papers 352, Society for Economic Dynamics.
    3. Armenter, Roc & Hnatkovska, Viktoria, 2017. "Taxes and capital structure: Understanding firms’ savings," Journal of Monetary Economics, Elsevier, vol. 87(C), pages 13-33.
    4. David Thesmar & Mathias Thoenig, 2011. "Contrasting Trends in Firm Volatility," Post-Print hal-00635987, HAL.
    5. Bonfiglioli, Alessandra, 2010. "Investor Protection and Income Inequality: Risk Sharing vs Risk Taking," CEPR Discussion Papers 7853, C.E.P.R. Discussion Papers.
    6. Markus Leibrecht & Johann Scharler, 2015. "Government Size and Business Cycle Volatility: How Important are Credit Constraints?," Economica, London School of Economics and Political Science, vol. 82(326), pages 201-221, April.
    7. Roc Armenter & Viktoria Hnatkovska, 2011. "The macroeconomics of firms' savings," Working Papers 12-1, Federal Reserve Bank of Philadelphia.
    8. Young Gak Kim & Hyeog Ug Kwon, 2017. "Aggregate and Firm-level Volatility in the Japanese Economy," The Japanese Economic Review, Japanese Economic Association, vol. 68(2), pages 158-172, June.
    9. Paula Garda & Volker Ziemann, 2014. "Economic Policies and Microeconomic Stability: A Literature Review and Some Empirics," OECD Economics Department Working Papers 1115, OECD Publishing.
    10. Volker Ziemann, 2013. "Do Structural Policies Affect Macroeconomic Stability?," OECD Economics Department Working Papers 1075, OECD Publishing.

  25. Krüger, Philipp & Landier, Augustin & Thesmar, David, 2011. "The WACC Fallacy: The Real Effects of Using a Unique Discount Rate," TSE Working Papers 11-222, Toulouse School of Economics (TSE).

    Cited by:

    1. Randolph Sloof & Mirjam van Praag, 2014. "Testing for Distortions in Performance Measures: An Application to Residual Income Based Measures like Economic Value Added," Tinbergen Institute Discussion Papers 14-056/V, Tinbergen Institute.
    2. Gollier, Christian, 2013. "A theory of rational short-termism with uncertain betas," TSE Working Papers 13-389, Toulouse School of Economics (TSE).
    3. Dessaint, Olivier & Olivier, Jacques & Otto, Clemens & Thesmar, David, 2017. "CAPM-Based Company (Mis)valuations," CEPR Discussion Papers 12526, C.E.P.R. Discussion Papers.
    4. Iachan, Felipe Saraiva, 2017. "Capital budgeting and risk taking under credit constraints," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 786, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    5. Marcelo Bianconi & Joe Akira Yoshino, 2015. "Empirical Estimation of the Cost of Equity: An Application to Selected Brazilian Utilities Companies," Review of Economics & Finance, Better Advances Press, Canada, vol. 5, pages 1-21, February.
    6. Schneider, C.A.R. & Spalt, Oliver, 2016. "Conglomerate investment, skewness, and the CEO long shot bias," Other publications TiSEM 5d9321e2-35ea-40f9-9eae-4, Tilburg University, School of Economics and Management.
    7. Marcel Boyer & Éric Gravel & Sandy Mokbel, 2013. "The Valuation of Public Projects: Risks, Cost of Financing and Cost of Capital Current," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 388, September.
    8. Jessen, Cathrine & Lando, David, 2015. "Robustness of distance-to-default," Journal of Banking & Finance, Elsevier, vol. 50(C), pages 493-505.
    9. Gollier, Christian, 2012. "Asset pricing with uncertain betas: A long-term perspective," IDEI Working Papers 752, Institut d'Économie Industrielle (IDEI), Toulouse.
    10. Malcolm Baker & Jeffrey Wurgler, 2011. "Behavioral Corporate Finance: An Updated Survey," NBER Working Papers 17333, National Bureau of Economic Research, Inc.
    11. Custódio, Cláudia & Metzger, Daniel, 2014. "Financial expert CEOs: CEO׳s work experience and firm׳s financial policies," Journal of Financial Economics, Elsevier, vol. 114(1), pages 125-154.
    12. Cherbonnier, Frédéric & Gollier, Christian, 2018. "The economic determinants of risk-adjusted social discount rates," TSE Working Papers 18-972, Toulouse School of Economics (TSE).
    13. Juan Carluccio & Clément Mazet-Sonilhac & Jean-Stéphane Mésonnier, 2019. "Investment and the WACC: new micro evidence for France," Working papers 710, Banque de France.
    14. Gatzer, Sebastian & Hoang, Daniel & Ruckes, Martin, 2015. "Internal Capital Markets and Diversified Firms: Theory and Practice," EconStor Preprints 169432, ZBW - Leibniz Information Centre for Economics.

  26. Augustin Landier & David Thesmar, 2011. "Regulating Systemic Risk through Transparency: Tradeoffs in Making Data Public," NBER Working Papers 17664, National Bureau of Economic Research, Inc.

    Cited by:

    1. Moreno, Diego & Takalo, Tuomas, 2012. "Optimal bank transparency," Research Discussion Papers 9/2012, Bank of Finland.
    2. Dungey, Mardi & Luciani, Matteo & Veredas, David, 2012. "Ranking systemically important financial institutions," Working Papers 15473, University of Tasmania, Tasmanian School of Business and Economics, revised 21 Nov 2012.
    3. Irina Andrievskaya & Maria Semenova, 2014. "Does Banking System Transparency Enhance Bank Competition? Cross-Country Evidence," HSE Working papers WP BRP 35/FE/2014, National Research University Higher School of Economics.

  27. Thomas Chaney & David Sraer & David Thesmar, 2010. "The Collateral Channel: How Real Estate Shocks Affect Corporate Investment," NBER Working Papers 16060, National Bureau of Economic Research, Inc.

    Cited by:

    1. Raff, Horst & Ryan, Michael & Stähler, Frank, 2018. "Financial Frictions and Foreign Direct Investment: Evidence from Japanese Microdata," KCG Working Papers 10, Kiel Centre for Globalization (KCG).
    2. Mikael Juselius & Claudio Borio & Piti Disyatat & Mathias Drehmann, 2017. "Monetary Policy, the Financial Cycle and Ultra-low Interest Rates," PIER Discussion Papers 55, Puey Ungphakorn Institute for Economic Research, revised Mar 2017.
    3. Pintus, Patrick A. & Wen, Yi & Xing, Xiaochuan, 2018. "International Credit Markets and Global Business Cycles," Working Papers 2018-9, Federal Reserve Bank of St. Louis.
    4. Duca, John V. & Ling, David C., 2015. "The other (commercial) real estate boom and bust: the effects of risk premia and regulatory capital arbitrage," Working Papers 1504, Federal Reserve Bank of Dallas, revised 01 Jun 2015.
    5. Chao Jin, 2018. "What Drives House Building The collateral effect with evidence from China," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 8(6), pages 1-1.
    6. Deuchert, Eva & Felfe, Christina, 2015. "The tempest: Short- and long-term consequences of a natural disaster for children׳s development," European Economic Review, Elsevier, vol. 80(C), pages 280-294.
    7. Patrick A. Pintus & Jacek Suda, 2013. "Learning Financial Shocks and the Great Recession," AMSE Working Papers 1333, Aix-Marseille School of Economics, France, revised 05 Jun 2013.
    8. Dimitrios Gounopoulos & Kyriaki Kosmidou & Dimitrios Kousenidis & Victoria Patsika, 2019. "The investigation of the dynamic linkages between real estate market and stock market in Greece," The European Journal of Finance, Taylor & Francis Journals, vol. 25(7), pages 647-669, May.
    9. Goldstein, Itay & Razin, Assaf, 2015. "Three Branches of Theories of Financial Crises," Foundations and Trends(R) in Finance, now publishers, vol. 10(2), pages 113-180, 30.
    10. Nuri Ersahin, 2018. "Creditor Rights, Technology Adoption, and Productivity: Plant-Level Evidence," Working Papers 18-20, Center for Economic Studies, U.S. Census Bureau.
    11. Thomas Chaney & David Sraer & David Thesmar, 2012. "The Collateral Channel: How Real Estate Shocks Affect Corporate Investment," Post-Print hal-01009900, HAL.
    12. Chen, Pu & Wang, Chunyang & Liu, Yangyan, 2015. "Real estate prices and firm borrowings: Micro evidence from China," China Economic Review, Elsevier, vol. 36(C), pages 296-308.
    13. Jianjun Miao & PENGFEI WANG, 2011. "Bubbles and Credit Constraints," Boston University - Department of Economics - Working Papers Series WP2011-031, Boston University - Department of Economics.
    14. Gerba, Eddie, 2013. "Reconnecting investment to stock markets: the role of corporate net worth evaluation," LSE Research Online Documents on Economics 56396, London School of Economics and Political Science, LSE Library.
    15. Adelino, Manuel & Dinc, I. Serdar, 2014. "Corporate distress and lobbying: Evidence from the Stimulus Act," Journal of Financial Economics, Elsevier, vol. 114(2), pages 256-272.
    16. Toni Beutler & Mathieu Grobéty, 2011. "The Collateral Channel under Imperfect Debt Enforcement," Working Papers 11.11, Swiss National Bank, Study Center Gerzensee.
    17. Vittoria Cerasi & Alessandro Fedele & Raffaele Miniaci, 2015. "Do your Rivals Enhance your Access to Credit? Theory and Evidence," BEMPS - Bozen Economics & Management Paper Series BEMPS29, Faculty of Economics and Management at the Free University of Bozen.
    18. Luca Guerrieri & Matteo Iacoviello, 2012. "Collateral Constraints and Macroeconomic Asymmetries," 2012 Meeting Papers 1024, Society for Economic Dynamics.
    19. Michael Devereux & Li Liu, 2016. "Stimulating investment through incorporation," Working Papers 1607, Oxford University Centre for Business Taxation.
    20. Hense, Florian, 2015. "Interest rate elasticity of bank loans: The case for sector-specific capital requirements," CFS Working Paper Series 504, Center for Financial Studies (CFS).
    21. Leo Kaas & Patrick A. Pintus & Simon Ray, 2015. "Land prices, lending to companies and job creations," Post-Print hal-01457332, HAL.
    22. Foug�re, Denis & Lecat, R�my & Ray, Simon, 2017. "Real estate prices and corporate investment: theory and evidence of heterogeneous effects across firms," CEPR Discussion Papers 11883, C.E.P.R. Discussion Papers.
    23. Barrot, Jean-Noël & Loualiche, Erik & Plosser, Matthew & Sauvagnat, Julien, 2017. "Import competition and household debt," Staff Reports 821, Federal Reserve Bank of New York.
    24. Calomiris, Charles W. & Larrain, Mauricio & Liberti, José & Sturgess, Jason, 2017. "How collateral laws shape lending and sectoral activity," Journal of Financial Economics, Elsevier, vol. 123(1), pages 163-188.
    25. Todd Messer & Michael Siemer & Francois Gourio, 2016. "A Missing Generation of Firms? Aggregate Effects of the Decline in New Business Formation," 2016 Meeting Papers 752, Society for Economic Dynamics.
    26. Nuri Ersahin & Rustom M. Irani, 2015. "Collateral Values and Corporate Employment," Working Papers 15-30, Center for Economic Studies, U.S. Census Bureau.
    27. Yongheng Deng & Eric Girardin & Roselyne Joyeux & Shuping Shi, 2017. "Did bubbles migrate from the stock to the housing market in China between 2005 and 2010?," Pacific Economic Review, Wiley Blackwell, vol. 22(3), pages 276-292, August.
    28. Martin, Alberto & Moral-Benito, Enrique & Schmitz, Tom, 2019. "The financial transmission of housing bubbles: evidence from Spain," Working Paper Series 2245, European Central Bank.
    29. Robert Ulbricht & Ludwig Straub, 2015. "Endogenous Uncertainty and Credit Crunches," 2015 Meeting Papers 199, Society for Economic Dynamics.
    30. Nuri Ersahin & Rustom M. Irani, 2015. "Collateral Values and Corporate Employment," Working Papers 15-30r, Center for Economic Studies, U.S. Census Bureau.
    31. Pinter, Gabor, 2015. "House prices and job losses," LSE Research Online Documents on Economics 86318, London School of Economics and Political Science, LSE Library.
    32. Zheng Liu & Pengfei Wang & Tao Zha, 2009. "Do credit constraints amplify macroeconomic fluctuations?," Working Paper Series 2009-28, Federal Reserve Bank of San Francisco.
    33. Koulischer, François & Struyven, Daan, 2014. "Central bank liquidity provision and collateral quality," Journal of Banking & Finance, Elsevier, vol. 49(C), pages 113-130.
    34. Bryan Hardy, 2018. "Foreign currency borrowing, balance sheet shocks and real outcomes," BIS Working Papers 758, Bank for International Settlements.
    35. D. Fougère & R. Lecat & S. Ray, 2017. "Real Estate and Corporate Investmeent: Theory and Evidence of Heterogeneous Effects Across Firms," Working papers 626, Banque de France.
    36. Blickle, Kristian S., 2018. "Local banks, credit supply, and house prices," Staff Reports 874, Federal Reserve Bank of New York.
    37. Mikael Juselius & Mathias Drehmann, 2015. "Leverage dynamics and the real burden of debt," BIS Working Papers 501, Bank for International Settlements.
    38. James Cloyne & Kilian Huber & Ethan Ilzetzki & Henrik Kleven, 2017. "The Effect of House Prices on Household Borrowing: A New Approach," NBER Working Papers 23861, National Bureau of Economic Research, Inc.
    39. Pengfei Wang & Lifang Xu & Jianjun Miao, 2013. "Stock Market Bubbles and Unemployment," 2013 Meeting Papers 720, Society for Economic Dynamics.
    40. Sophie Piton, 2018. "Do Unit Labor Costs Matter? A Decomposition Exercise on European Data," PSE Working Papers halshs-01785345, HAL.
    41. James Cloyne & Clodomiro Ferreira & Maren Froemel & Paolo Surico, 2019. "Monetary policy, corporate finance and investment," Working Papers 1911, Banco de España;Working Papers Homepage.
    42. Gary Gorton & Guillermo Ordoñez, 2016. "Good Booms, Bad Booms," NBER Working Papers 22008, National Bureau of Economic Research, Inc.
    43. Keuschnigg, Christian & Egger, Peter & Winner, Hannes, 2011. "Taxation and Incorporation," Annual Conference 2011 (Frankfurt, Main): The Order of the World Economy - Lessons from the Crisis 48729, Verein für Socialpolitik / German Economic Association.
    44. Bastian von Beschwitz & Conor T. Howells, 2016. "Are Euro-Area Corporate Bond Markets Irrelevant? The Effect of Bond Market Access on Investment," International Finance Discussion Papers 1176, Board of Governors of the Federal Reserve System (U.S.).
    45. Morellec , Erwan & Valta , Philip & Zhdanov , Alexei, 2013. "Financing Investment: The Choice between Bonds and Bank Loans," HEC Research Papers Series 1010, HEC Paris.
    46. Jaume Ventura & Alberto Martín, 2010. "Economic Growth with Bubbles," Working Papers 445, Barcelona Graduate School of Economics.
    47. Eva Deuchert & Christina Felfe, 2013. "The Tempest: Natural Disasters, Early Shocks and Children's Short- and Long-Run Development," CESifo Working Paper Series 4168, CESifo Group Munich.
    48. Bahaj, Saleem & Foulis, Angus & Pinter, Gabor, 2017. "Home values and firm behaviour," Bank of England working papers 679, Bank of England.
    49. McInerney, Niall, 2019. "Macroprudential Policy, Banking and the Real Estate Sector," MPRA Paper 91777, University Library of Munich, Germany.
    50. Lei, Jin & Qiu, Jiaping & Wan, Chi, 2018. "Asset tangibility, cash holdings, and financial development," Journal of Corporate Finance, Elsevier, vol. 50(C), pages 223-242.
    51. Wang, Yizhong & Chen, Carl R. & Huang, Ying Sophie, 2014. "Economic policy uncertainty and corporate investment: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 26(C), pages 227-243.
    52. Shafik Hebous & Tom Zimmermann, 2016. "Can Government Demand Stimulate Private Investment? Evidence from U.S. Federal Procurement," IMF Working Papers 16/60, International Monetary Fund.
    53. Andrea Bellucci & Alexander Borisov & Germana Giombini & Alberto Zazzaro, 2015. "Collateral and Local Lending: Testing the Lender-Based Theory," IAW Discussion Papers 119, Institut für Angewandte Wirtschaftsforschung (IAW).
    54. Deeksha Gupta & Itay Goldstein, 2016. "Sustainable Housing Policy," 2016 Meeting Papers 607, Society for Economic Dynamics.
    55. Norden, Lars & van Kampen, Stefan, 2013. "Corporate leverage and the collateral channel," Journal of Banking & Finance, Elsevier, vol. 37(12), pages 5062-5072.
    56. Bahaj, Saleem A. & Foulis, Angus & Pinter, Gabor, 2016. "The residential collateral channel," LSE Research Online Documents on Economics 86240, London School of Economics and Political Science, LSE Library.
    57. Murillo Campello & Erasmo Giambona, 2012. "Real Assets and Capital Structure," NBER Working Papers 18147, National Bureau of Economic Research, Inc.
    58. Ignacio Hernando & Ernesto Villanueva, 2012. "The recent slowdown of bank lending in Spain: are supply-side factors relevant?," Working Papers 1206, Banco de España;Working Papers Homepage.
    59. Zheng Liu & Pengfei Wang & Tao Zha, 2011. "Land-price dynamics and macroeconomic fluctuations," NBER Working Papers 17045, National Bureau of Economic Research, Inc.
    60. Huang, Ying Sophie & Wang, Yizhong, 2013. "Asset price, risk transfer and economic activities: Firm-level evidence from China," The North American Journal of Economics and Finance, Elsevier, vol. 26(C), pages 663-676.
    61. Stefano Corradin, 2013. "House Prices, Household Leverage, and Entrepreneurship," 2013 Meeting Papers 631, Society for Economic Dynamics.
    62. Ongena, Steven & Cerqueiro, Geraldo & Roszbach, Kasper, 2016. "Collateral damage? On collateral, corporate financing and performance," Working Paper Series 1918, European Central Bank.
    63. Egger, Peter & Erhardt, Katharina & Keuschnigg, Christian, 2014. "Heterogeneous Tax Sensitivity of Firm-level Investments," Economics Series 306, Institute for Advanced Studies.
    64. Juselius, Mikael & Drehmann, Mathias, 2016. "Leverage dynamics and the burden of debt," Research Discussion Papers 3/2016, Bank of Finland.
    65. Thomas Chaney, 2013. "Liquidity Constrained Exporters," NBER Working Papers 19170, National Bureau of Economic Research, Inc.
    66. OGURA Yoshiaki, 2015. "Investment Distortion by Collateral Requirements: Evidence from Japanese SMEs," Discussion papers 15050, Research Institute of Economy, Trade and Industry (RIETI).
    67. Timothy McQuade & Adam Guren, 2015. "How Do Foreclosures Exacerbate Housing Downturns?," 2015 Meeting Papers 40, Society for Economic Dynamics.
    68. Rebecca Diamond, 2017. "Housing Supply Elasticity and Rent Extraction by State and Local Governments," American Economic Journal: Economic Policy, American Economic Association, vol. 9(1), pages 74-111, February.
    69. Abo-Zaid Salem, 2014. "Optimal capital-income taxation in a model with credit frictions," The B.E. Journal of Macroeconomics, De Gruyter, vol. 14(1), pages 1-26, January.
    70. Yaxuan Qi & Lukas Roth & John Wald, 2017. "Creditor protection laws, debt financing, and corporate investment over the business cycle," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 48(4), pages 477-497, May.
    71. Jérôme Coffinet & Thomas Ferrière & Dorian Henricot, 2018. "Immobilier commercial : un risque de bulle financière ?," Bulletin de la Banque de France, Banque de France, issue 219, pages 1-11.
    72. von Beschwitz, Bastian, 2018. "Cash windfalls and acquisitions," Journal of Financial Economics, Elsevier, vol. 128(2), pages 287-319.
    73. Jensen, Henrik & Ravn, Søren Hove & Santoro, Emiliano, 2016. "Deepening Contractions and Collateral Constraints," CEPR Discussion Papers 11166, C.E.P.R. Discussion Papers.
    74. Yellen, Janet L., 2016. "Macroeconomic Research After the Crisis : a speech at "The Elusive 'Great' Recovery: Causes and Implications for Future Business Cycle Dynamics" 60th annual economic conference sponsored by ," Speech 915, Board of Governors of the Federal Reserve System (U.S.).
    75. Thomas Drechsel, 2018. "Earnings-Based Borrowing Constraints and Macroeconomic Fluctuations," 2018 Papers pdr141, Job Market Papers.
    76. Sari Pekkala Kerr & William R. Kerr & Ramana Nanda, 2015. "House Money and Entrepreneurship," Harvard Business School Working Papers 15-069, Harvard Business School.
    77. Patrick A. Pintus, 2017. "Why is the Interest Rate an Inverted Leading Indicator of Macroeconomic Activity in the United States?," Post-Print hal-01634185, HAL.
    78. Pezone, Vincenzo, 2017. "The real effects of judicial enforcement: Evidence from Italy," SAFE Working Paper Series 192, Research Center SAFE - Sustainable Architecture for Finance in Europe, Goethe University Frankfurt.
    79. Siwapong Uruyos & Ahmad Chaman & Nye Wusin & Mario Phichinni, 2018. "Volatile Housing Prices, Residential Investments And The Business Cycles," Journal of Smart Economic Growth, , vol. 3(1), pages 13-24, Juin.
    80. Eric Zwick & James Mahon, 2014. "Do financial frictions amplify fiscal policy? Evidence from business investment stimulus," Working Papers 1415, Oxford University Centre for Business Taxation.
    81. Huang, Yi & Pagano, Marco & Panizza, Ugo, 2016. "Public Debt and Private Firm Funding: Evidence from Chinese Cities," CEPR Discussion Papers 11489, C.E.P.R. Discussion Papers.
    82. Aladangady, Aditya, 2014. "Homeowner Balance Sheets and Monetary Policy," Finance and Economics Discussion Series 2014-98, Board of Governors of the Federal Reserve System (US).
    83. Christian Keuschnigg & Peter Egger & Hannes Winner, 2010. "A Theory of Taxation and Incorporation," University of St. Gallen Department of Economics working paper series 2010 2010-25, Department of Economics, University of St. Gallen.
    84. Timothy Grieder & Hashmat Khan, 2017. "The Collateral Channel: How Real Estate Shocks Affect Corporate Investment:Comment," Carleton Economic Papers 17-03, Carleton University, Department of Economics.
    85. Guo, Zi-Yi, 2017. "Information heterogeneity, housing dynamics and the business cycle," EconStor Preprints 168561, ZBW - Leibniz Information Centre for Economics.
    86. Nittai K. Bergman & Rajkamal Iyer & Richard T. Thakor, 2017. "The Effect of Cash Injections: Evidence from the 1980s Farm Debt Crisis," NBER Working Papers 23546, National Bureau of Economic Research, Inc.
    87. Wenqing Zhao & Bing Lu & Jianyu Zhang, 2019. "Housing Prices and Corporate Innovation in China," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 9(3), pages 1-2.
    88. Pengjie Gao & Dong Lou, "undated". "Cross-Market Timing in Security Issuance," FMG Discussion Papers dp718, Financial Markets Group.
    89. Yongqiang Chu & Peng Liu, 2016. "A Direct Test of the Free Cash Flow Hypothesis: Evidence from Real Estate Transactions," The Journal of Real Estate Finance and Economics, Springer, vol. 52(4), pages 543-558, May.
    90. L. Kaas & P. A. Pintus & S. Ray, 2014. "Land Collateral and Labor Market Dynamics in France," Working papers 530, Banque de France.
    91. Mehrotra, Neil & Sergeyev, Dmitriy, 2016. "Financial Shocks and Job Flows," CEPR Discussion Papers 11677, C.E.P.R. Discussion Papers.
    92. Aviral K. Tiwari & Claudiu T. Albulescu & Rangan Gupta, 2016. "Time-frequency relationship between US output with commodity and asset prices," Applied Economics, Taylor & Francis Journals, vol. 48(3), pages 227-242, January.
    93. P. A. Pintus & Y. Wen & X. Xing, 2016. "The Inverted Leading Indicator Property and Redistribution Effect of the Interest Rate," Working papers 616, Banque de France.
    94. Nittai K. Bergman & Rajkamal Iyer & Richard T. Thakor, 2015. "Financial Accelerator at Work: Evidence from Corn Fields," NBER Working Papers 21086, National Bureau of Economic Research, Inc.
    95. Remco Mocking & Benedikt Vogt & Wolter Hassink, 2017. "Collateral Damage? Decreasing House Prices and Entrepreneurial Lending," CPB Discussion Paper 351, CPB Netherlands Bureau for Economic Policy Analysis.
    96. Casey Dougal & Christopher A. Parsons & Sheridan Titman, 2014. "Urban Vibrancy and Corporate Growth," NBER Working Papers 20350, National Bureau of Economic Research, Inc.
    97. Yi Wen & Xiaochuan Xing & Patrick Pintus, 2016. "Interest Rate Dynamics, Variable-Rate Loans, and the Business Cycle," 2016 Meeting Papers 293, Society for Economic Dynamics.
    98. Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95, July.
    99. Sun, Xian & Gunia, Brian C., 2018. "Economic resources and corporate social responsibility," Journal of Corporate Finance, Elsevier, vol. 51(C), pages 332-351.
    100. Federico Cingano & Francesco Manaresi & Enrico Sette, 2013. "Does credit crunch investments down? New evidence on the real effects of the bank-lending channel," Mo.Fi.R. Working Papers 91, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    101. Pengfei Wang & Jianjun Miao, 2012. "Sectoral Bubbles and Endogenous Growth," 2012 Meeting Papers 227, Society for Economic Dynamics.
    102. Nathaniel Baum-Snow & Fernando Ferreira, 2014. "Causal Inference in Urban and Regional Economics," NBER Working Papers 20535, National Bureau of Economic Research, Inc.
    103. Yongzheng LiuAuthor-Email: yongzheng.liu@ruc.edu.cn & Jie Mao, 2017. "How do Tax Incentives Affect Investment and Productivity? Firm-Level Evidence from China," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1716, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    104. Daisuke Ikeda & Toan Phan, 2019. "Asset Bubbles and Global Imbalances," American Economic Journal: Macroeconomics, American Economic Association, vol. 11(3), pages 209-251, July.
    105. Ryan Niladri Banerjee & Kristian S Blickle, 2016. "Housing collateral and small firm activity in Europe," BIS Working Papers 575, Bank for International Settlements.
    106. Bing Lu & Xiaofen Tan & Jinhui Zhang, 2019. "The crowding out effect of booming real estate markets on corporate TFP: evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 58(5), pages 1319-1345, March.
    107. Adriano A. Rampini & S. Viswanathan & Guillaume Vuillemey, 2019. "Risk Management in Financial Institutions," NBER Working Papers 25698, National Bureau of Economic Research, Inc.
    108. Arestis, Philip & Gonzalez-Martinez, Ana Rosa, 2016. "Revisiting the accelerator principle in a world of uncertainty: Some empirical evidence," Economic Modelling, Elsevier, vol. 56(C), pages 35-42.
    109. Pintus, P. A. & Suda, J., 2013. "Learning Leverage Shocks and the Great Recession," Working papers 440, Banque de France.
    110. Libin Han & Ming Lu, 2017. "Housing prices and investment: an assessment of China's inland-favoring land supply policies," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 22(1), pages 106-121, January.
    111. Rima Turk, 2015. "Housing Price and Household Debt Interactions in Sweden," IMF Working Papers 15/276, International Monetary Fund.
    112. Chen, Y. & He, M. & Rudkin, S., 2017. "Understanding Chinese provincial real estate investment: A Global VAR perspective," Economic Modelling, Elsevier, vol. 67(C), pages 248-260.
    113. Degryse, Hans & Ioannidou, Vasso & Liberti, Jose Maria & Sturgess, Jason, 2016. "When Do Laws and Institutions Affect Recovery Rates on Collateral?," CEPR Discussion Papers 11406, C.E.P.R. Discussion Papers.
    114. Manuel Adelino & Antoinette Schoar & Felipe Severino, 2013. "House Prices, Collateral and Self-Employment," NBER Working Papers 18868, National Bureau of Economic Research, Inc.
    115. Gary Gorton & Guillermo Ordonez, 2014. "Crises and Productivity in Good Booms and in Bad Booms," PIER Working Paper Archive 14-008, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    116. Nuri Ersahin, 2017. "Creditor Rights, Technology Adoption, and Productivity: Plant-Level Evidence," Working Papers 17-36, Center for Economic Studies, U.S. Census Bureau.
    117. Abo-Zaid, Salem, 2012. "Optimal labor-income tax volatility with credit frictions," MPRA Paper 39083, University Library of Munich, Germany.
    118. Jensen, Henrik & Ravn, Søren Hove & Santoro, Emiliano, 2015. "Changing Credit Limits, Changing Business Cycles," CEPR Discussion Papers 10462, C.E.P.R. Discussion Papers.
    119. Leming Lin, 2016. "Collateral and the Choice Between Bank Debt and Public Debt," Management Science, INFORMS, vol. 62(1), pages 111-127, January.
    120. Hazama, Makoto & Hosono, Kaoru & Uesugi, Iichiro, 2016. "The Effect of Real Estate Prices on Banks' Lending Channel," HIT-REFINED Working Paper Series 53, Institute of Economic Research, Hitotsubashi University.
    121. Sophie Piton, 2017. "Economic Integration and the Non-tradable Sector: The European Experience," 2017 Papers ppi361, Job Market Papers.
    122. Jean-Noel Barrot & Ramana Nanda, 2016. "Can Paying Firms Quicker Affect Aggregate Employment?," NBER Working Papers 22420, National Bureau of Economic Research, Inc.
    123. Tommaso Oliviero & Agnese Sacchi & Annalisa Scognamiglio & Alberto Zazzaro, 2016. "House Prices and Immovable Property Taxes: Evidence from OECD Countries," CSEF Working Papers 444, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 06 Oct 2016.
    124. Cheng, Dong & Tan, Yong & Yu, Jian, 2017. "Credit Rationing and Firm Exports: Micro Evidence from SMEs in China," MPRA Paper 81914, University Library of Munich, Germany.
    125. Hans Degryse & Vasso Ioannidou & José María Liberti & Jason Sturgess, 2018. "How Do Laws and Institutions affect Recovery Rates on Collateral?," Working Papers 870, Queen Mary University of London, School of Economics and Finance.
    126. Cerasi, Vittoria & Fedele, Alessandro & Miniaci, Raffaele, 2019. "Do rivals enhance your credit conditions?," Journal of Economic Behavior & Organization, Elsevier, vol. 157(C), pages 228-243.
    127. Wix, Carlo, 2017. "The long-run real effects of banking crises: Firm-level investment dynamics and the role of wage rigidity," SAFE Working Paper Series 189, Research Center SAFE - Sustainable Architecture for Finance in Europe, Goethe University Frankfurt.
    128. Karthik Balakrishnan & John E. Core & Rodrigo S. Verdi, 2014. "The Relation Between Reporting Quality and Financing and Investment: Evidence from Changes in Financing Capacity," Journal of Accounting Research, Wiley Blackwell, vol. 52(1), pages 1-36, March.
    129. Jean-Noel Barrot & Ramana Nanda, 2016. "The Employment Effects of Faster Payment: Evidence from the Federal Quickpay Reform," Harvard Business School Working Papers 17-004, Harvard Business School, revised Jul 2018.
    130. Xiaoying Deng & Seow Eng Ong & Meijun Qian, 2018. "Real Estate Risk, Corporate Investment and Financing Choice," The Journal of Real Estate Finance and Economics, Springer, vol. 57(1), pages 87-113, July.
    131. Kapinos, Pavel & Gurley-Calvez, Tami & Kapinos, Kandice, 2016. "(Un)expected housing price changes: Identifying the drivers of small business finance," Journal of Economics and Business, Elsevier, vol. 84(C), pages 79-94.
    132. Dessaint, Olivier & Matray, Adrien, 2017. "Do managers overreact to salient risks? Evidence from hurricane strikes," Journal of Financial Economics, Elsevier, vol. 126(1), pages 97-121.
    133. Huang, Jialin & Rong, Zhao, 2017. "Housing boom, real estate diversification, and capital structure: Evidence from China," Emerging Markets Review, Elsevier, vol. 32(C), pages 74-95.
    134. Chen, Ting & Kung, J.K.-S., 2016. "Do land revenue windfalls create a political resource curse? Evidence from China," Journal of Development Economics, Elsevier, vol. 123(C), pages 86-106.
    135. Asriyan, Vladimir & Laeven, Luc & Martín, Alberto, 2018. "Collateral Booms and Information Depletion," CEPR Discussion Papers 13340, C.E.P.R. Discussion Papers.
    136. Gabriel Jiménez & Steven Ongena & José-Luis Peydró & Jesús Saurina, 2017. "Do Demand or Supply Factors Drive Bank Credit, in Good and Crisis Times?," Working Papers 966, Barcelona Graduate School of Economics.
    137. Eric Zwick & James Mahon, 2016. "Tax Policy and Heterogeneous Investment Behavior," NBER Working Papers 21876, National Bureau of Economic Research, Inc.
    138. David P. Glancy, 2017. "Housing Bust, Bank Lending & Employment : Evidence from Multimarket Banks," Finance and Economics Discussion Series 2017-118, Board of Governors of the Federal Reserve System (US).
    139. Yi Huang & Marco Pagano & Ugo Panizza, 2017. "Local Crowding Out in China," EIEF Working Papers Series 1707, Einaudi Institute for Economics and Finance (EIEF), revised Feb 2019.
    140. Wang, Chenguang & Oppedahl, David, 2015. "Low Access to Credit Decreases Asset Prices - Evidence from a Quasi-Experiment in Agriculture," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205127, Agricultural and Applied Economics Association.
    141. Cyril Pouvelle, 2012. "Bank Credit, Asset Prices and Financial Stability; Evidence From French Banks," IMF Working Papers 12/103, International Monetary Fund.
    142. Guo, Zi-Yi, 2017. "Housing Dynamics, Empirical Facts and the Business Cycle," EconStor Open Access Articles, ZBW - Leibniz Information Centre for Economics, pages 46-53.
    143. Jing Wu & Joseph Gyourko & Yongheng Deng, 2013. "Is There Evidence of a Real Estate Collateral Channel Effect on Listed Firm Investment in China?," NBER Working Papers 18762, National Bureau of Economic Research, Inc.
    144. Berggren, Björn & Fili, Andreas & Wilhelmsson, Mats Håkan, 2017. "The effect of house prices on business start-ups: A review and analysis using Swedish regional data," REGION, European Regional Science Association, vol. 4, pages 1-16.
    145. Denis FOUGERE & Rémy LECAT & Simon RAY, 2018. "Does all firms’ productive investment benefit from real estate price increases?," Rue de la Banque, Banque de France, issue 69, October.
    146. François Geerolf & Thomas Grjebine, 2018. "Property Tax Shocks and Macroeconomics," Working Papers 2018-03, CEPII research center.
    147. Duranton,Gilles & Ghani,Syed Ejaz & Goswami,Arti Grover & Kerr,William Robert, 2015. "Effects of land misallocation on capital allocations in India," Policy Research Working Paper Series 7451, The World Bank.
    148. Guanchun Liu & Chien-Chiang Lee, 2018. "Financialization And Stagnant Capital Accumulation In China," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 21(1), pages 1-10, July.
    149. Vittoria Cerasi & Alessandro Fedele & Raffaele Miniaci, 2017. "Product market competition and access to credit," Small Business Economics, Springer, vol. 49(2), pages 295-318, August.
    150. Tao Chen & Jarrad Harford & Chen Lin, 2017. "Financial Flexibility and Corporate Cash PolicyAbstract: Debt capacity creates financial flexibility and collateral-based debt capacity is the least sensitive to cash flow shocks. Using variation in r," Working Papers 052017, Hong Kong Institute for Monetary Research.
    151. Guo, Zi-Yi, 2017. "Information heterogeneity, housing dynamics and the business cycle," Economics Discussion Papers 2017-17, Kiel Institute for the World Economy (IfW).
    152. Wu, Jing & Gyourko, Joseph & Deng, Yongheng, 2015. "Real estate collateral value and investment: The case of China," Journal of Urban Economics, Elsevier, vol. 86(C), pages 43-53.
    153. Hollander, Stephan & Verriest, Arnt, 2016. "Bridging the gap: the design of bank loan contracts and distance," Journal of Financial Economics, Elsevier, vol. 119(2), pages 399-419.
    154. Alimov, Azizjon, 2016. "Product market effects of real estate collateral," Journal of Corporate Finance, Elsevier, vol. 36(C), pages 75-92.
    155. Rong, Zhao & Wang, Wenchun & Gong, Qiang, 2016. "Housing price appreciation, investment opportunity, and firm innovation: Evidence from China," Journal of Housing Economics, Elsevier, vol. 33(C), pages 34-58.
    156. Guangling Liu & Thabang Molise, 2018. "Is Basel III counter-cyclical: The case of South Africa?," Working Papers 10/2018, Stellenbosch University, Department of Economics.

  28. Landier, Augustin & Sraer, David & Thesmar, David, 2010. "Going for broke: New Century Financial Corporation, 2004-2006," TSE Working Papers 10-199, Toulouse School of Economics (TSE).

    Cited by:

    1. González-Aguado, Carlos & Suarez, Javier, 2011. "Interest Rates and Credit Risk," CEPR Discussion Papers 8398, C.E.P.R. Discussion Papers.

  29. David Thesmar & A. Kecskès & F. Derrien, 2010. "Investor Horizons and Corporate Policies," Post-Print hal-00543599, HAL.

    Cited by:

    1. Huang, Kershen & Petkevich, Alex, 2016. "Corporate bond pricing and ownership heterogeneity," Journal of Corporate Finance, Elsevier, vol. 36(C), pages 54-74.
    2. Karpavičius, Sigitas & Suchard, Jo-Ann, 2018. "Institutional ownership and the choice of equity issue method," International Review of Financial Analysis, Elsevier, vol. 56(C), pages 73-84.
    3. Kilincarslan, Erhan & Ozdemir, Ozgur, 2018. "Institutional investment horizon and dividend policy: An empirical study of UK firms," Finance Research Letters, Elsevier, vol. 24(C), pages 291-300.
    4. Garel, Alexandre & Petit-Romec, Arthur, 2017. "Bank capital in the crisis: It's not just how much you have but who provides it," Journal of Banking & Finance, Elsevier, vol. 75(C), pages 152-166.
    5. Harford, Jarrad & Kecskés, Ambrus & Mansi, Sattar, 2018. "Do long-term investors improve corporate decision making?," Journal of Corporate Finance, Elsevier, vol. 50(C), pages 424-452.
    6. Jia, Xue, 2016. "On the role of information disclosures in capital markets," Other publications TiSEM 9bacfbaa-2162-49fe-92e6-5, Tilburg University, School of Economics and Management.
    7. Kim, Hyun-Dong & Kim, Yura & Mantecon, Tomas & Song, Kyojik Roy, 2019. "Short-term institutional investors and agency costs of debt," Journal of Business Research, Elsevier, vol. 95(C), pages 195-210.
    8. Amin, Abu S. & Dutta, Shantanu & Saadi, Samir & Vora, Premal P., 2015. "Institutional shareholding and information content of dividend surprises: Re-examining the dynamics in dividend-reappearance era," Journal of Corporate Finance, Elsevier, vol. 31(C), pages 152-170.
    9. Kryzanowski, Lawrence & Mohsni, Sana, 2015. "Earnings forecasts and idiosyncratic volatilities," International Review of Financial Analysis, Elsevier, vol. 41(C), pages 107-123.
    10. Zhang, Xinde & Zhou, Simiao, 2018. "Bond covenants and institutional blockholding," Journal of Banking & Finance, Elsevier, vol. 96(C), pages 136-152.
    11. Mazur, Mieszko & Salganik-Shoshan, Galla & Walker, Thomas & Wang, Jun, 2018. "Proximity and litigation: Evidence from the geographic location of institutional investors," Journal of Financial Markets, Elsevier, vol. 40(C), pages 60-74.
    12. Andriosopoulos, Dimitris & Yang, Shuai, 2015. "The impact of institutional investors on mergers and acquisitions in the United Kingdom," Journal of Banking & Finance, Elsevier, vol. 50(C), pages 547-561.
    13. Gunther Capelle-Blancard, 2017. "À quoi servent les (centaines de milliers de milliards de) transactions boursières ?," Revue d'économie financière, Association d'économie financière, vol. 0(3), pages 37-58.
    14. Chung, Tuck Siong & Low, Angie, 2017. "The impact of investor impatience and environmental turbulence on myopic marketing management and stock performance," International Journal of Research in Marketing, Elsevier, vol. 34(3), pages 660-677.
    15. Boubaker, Sabri & Chourou, Lamia & Saadi, Samir & Zhong, Ligang, 2019. "Does institutional investor horizon influence US corporate financing decisions?," International Review of Financial Analysis, Elsevier, vol. 63(C), pages 382-394.
    16. Gunther Capelle-Blancard, 2018. "What is the Point of (the Hundreds of Thousands of Billions of) Stock Transactions?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(1), pages 15-33, March.
    17. Fu, Xudong & Tang, Tian & Yan, Xinyan, 2019. "Why do institutions like corporate social responsibility investments? evidence from horizon heterogeneity," Journal of Empirical Finance, Elsevier, vol. 51(C), pages 44-63.

  30. David Thesmar, 2009. "Stock Price Fragility," Post-Print hal-00496062, HAL.

    Cited by:

    1. Huang, Shiyang & Lou, Dong & Polk, Christopher, 2016. "The Booms and Busts of Beta Arbitrage," CEPR Discussion Papers 11531, C.E.P.R. Discussion Papers.
    2. Ben-David, Itzhak & Franzoni, Francesco & Moussawi, Rabih & Sedunov, John, 2019. "The Granular Nature of Large Institutional Investors," CEPR Discussion Papers 13427, C.E.P.R. Discussion Papers.
    3. Miguel Antón & Christopher Polk, 2014. "Connected Stocks," Journal of Finance, American Finance Association, vol. 69(3), pages 1099-1127, June.
    4. Anadu, Kenechukwu E. & Kruttli, Mathias S. & McCabe, Patrick E. & Osambela, Emilio & Shin, Chae Hee, 2018. "The Shift from Active to Passive Investing: Potential Risks to Financial Stability?," Supervisory Research and Analysis Working Papers RPA 18-4, Federal Reserve Bank of Boston.
    5. Rama Cont & Lakshithe Wagalath, 2012. "Fire Sales Forensics: Measuring Endogenous Risk," Working Papers hal-00697224, HAL.
    6. Robin Greenwood & Augustin Landier & David Thesmar, 2012. "Vulnerable Banks," NBER Working Papers 18537, National Bureau of Economic Research, Inc.
    7. Doina C. Chichernea & Alex Petkevich & Blerina Bela Zykaj, 2015. "Idiosyncratic Volatility, Institutional Ownership, and Investment Horizon," European Financial Management, European Financial Management Association, vol. 21(4), pages 613-645, September.
    8. Kim, Daehwan & Iwasawa, Seiichiro, 2017. "Hot money and cross-section of stock returns during the global financial crisis," International Review of Economics & Finance, Elsevier, vol. 50(C), pages 8-22.
    9. Gao, George P. & Moulton, Pamela C. & Ng, David T., 2017. "Institutional ownership and return predictability across economically unrelated stocks," Journal of Financial Intermediation, Elsevier, vol. 31(C), pages 45-63.
    10. Zhi Da & Borja Larrain & Clemens Sialm & José Tessada, 2016. "Coordinated Noise Trading: Evidence from Pension Fund Reallocations," NBER Working Papers 22161, National Bureau of Economic Research, Inc.
    11. Fricke, Christoph & Fricke, Daniel, 2017. "Vulnerable Funds?," Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168209, Verein für Socialpolitik / German Economic Association.
    12. Lakshithe Wagalath, 2017. "Lost In Contagion? Building A Liquidation Index From Covariance Dynamics," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 20(01), pages 1-26, February.
    13. Itzhak Ben‐David & Francesco Franzoni & Rabih Moussawi, 2018. "Do ETFs Increase Volatility?," Journal of Finance, American Finance Association, vol. 73(6), pages 2471-2535, December.
    14. Vikram Nanda & Wei Wu & Xing Zhou, 2017. "Investment Commonality across Insurance Companies : Fire Sale Risk and Corporate Yield Spreads," Finance and Economics Discussion Series 2017-069, Board of Governors of the Federal Reserve System (US).
    15. Lakshithe Wagalath, 2013. "Modeling the rebalancing slippage of Leveraged Exchange-Traded Funds," Working Papers 2013-FIN-02, IESEG School of Management.
    16. Emil Siriwardane, 2014. "Using proprietary credit default swap (CDS) data from 2010 to 2014, I show that capital fluctuations for sellers of CDS protection are an important determinant of CDS spread movements. I first establi," Working Papers 14-10, Office of Financial Research, US Department of the Treasury, revised 12 Feb 2015.
    17. Yongtae Kim & Lixin (Nancy) Su & Xindong (Kevin) Zhu, 2017. "Does the cessation of quarterly earnings guidance reduce investors’ short-termism?," Review of Accounting Studies, Springer, vol. 22(2), pages 715-752, June.
    18. Sergey Chernenko & Adi Sunderam, 2016. "Liquidity Transformation in Asset Management: Evidence from the Cash Holdings of Mutual Funds," NBER Working Papers 22391, National Bureau of Economic Research, Inc.
    19. Kang, Namho & Kondor, Péter & Sadka, Ronnie, 2014. "Do Hedge Funds Reduce Idiosyncratic Risk?," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 49(04), pages 843-877, August.
    20. Kaul, Aditya & Mehrotra, Vikas & Stefanescu, Carmen, 2016. "Location and excess comovement," Journal of Empirical Finance, Elsevier, vol. 37(C), pages 293-308.
    21. Boermans, Martijn Adriaan & Frost, Jon & Steins Bisschop, Sophie, 2016. "European bond markets: Do illiquidity and concentration aggravate price shocks?," Economics Letters, Elsevier, vol. 141(C), pages 143-146.
    22. Fricke, Christoph & Fricke, Daniel, 2017. "Vulnerable asset management? The case of mutual funds," Discussion Papers 32/2017, Deutsche Bundesbank.
    23. Beber, Alessandro & Brandt, Michael & Cen, Jason, 2014. "Switching Risk Off: FX Correlations and Risk Premia," CEPR Discussion Papers 10214, C.E.P.R. Discussion Papers.
    24. Mathias S. Kruttli & Phillip J. Monin & Sumudu W. Watugala, 2017. "Investor Concentration, Flows, and Cash Holdings: Evidence from Hedge Funds," Working Papers 17-07, Office of Financial Research, US Department of the Treasury.
    25. Malamud, Semyon, 2016. "A Dynamic Equilibrium Model of ETFs," CEPR Discussion Papers 11469, C.E.P.R. Discussion Papers.
    26. Blocher, Jesse, 2016. "Network externalities in mutual funds," Journal of Financial Markets, Elsevier, vol. 30(C), pages 1-26.
    27. Lakshithe Wagalath, 2016. "Feedback effects and endogenous risk in financial markets," Finance, Presses universitaires de Grenoble, vol. 37(2), pages 39-74.
    28. Giovanni Cespa & Xavier Vives, 2014. "The Beauty Contest and Short-Term Trading," CSEF Working Papers 383, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    29. Cox, Raymond A.K. & Dayanandan, Ajit & Donker, Han, 2016. "The Ricochet Effect of Bad News," The International Journal of Accounting, Elsevier, vol. 51(3), pages 385-401.
    30. Kalle Rinne & Matti Suominen, 2014. "Mutual Funds’ Returns from Providing Liquidity and Costs of Immediacy," LSF Research Working Paper Series 14-01, Luxembourg School of Finance, University of Luxembourg.
    31. Staer, Arsenio & Sottile, Pedro, 2018. "Equivalent volume and comovement," The Quarterly Review of Economics and Finance, Elsevier, vol. 68(C), pages 143-157.
    32. Hu, Conghui & Liu, Yu-Jane & Zhu, Ning, 2019. "De-Leverage and illiquidity contagion," Journal of Banking & Finance, Elsevier, vol. 102(C), pages 1-18.
    33. Nan Qin & Vijay Singal, 2015. "Indexing and Stock Price Efficiency," Financial Management, Financial Management Association International, vol. 44(4), pages 875-904, October.
    34. Li, Jie & Ren, Da & Feng, Xu & Zhang, Yongjie, 2016. "Network of listed companies based on common shareholders and the prediction of market volatility," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 462(C), pages 508-521.
    35. Kenechukwu E. Anadu & Mathias S. Kruttli & Patrick E. McCabe & Emilio Osambela & Chae Hee Shin, 2018. "The Shift from Active to Passive Investing : Potential Risks to Financial Stability?," Finance and Economics Discussion Series 2018-060, Board of Governors of the Federal Reserve System (US).
    36. Berger, Dave & Pukthuanthong, Kuntara, 2012. "Market fragility and international market crashes," Journal of Financial Economics, Elsevier, vol. 105(3), pages 565-580.
    37. Zhi Da & Sophie Shive, 2018. "Exchange traded funds and asset return correlations," European Financial Management, European Financial Management Association, vol. 24(1), pages 136-168, January.
    38. Pawel Maryniak & Rafal Weron, 2017. "Habitat momentum," HSC Research Reports HSC/17/05, Hugo Steinhaus Center, Wroclaw University of Technology.
    39. Lakshithe Wagalath, 2014. "Modelling the rebalancing slippage of leveraged exchange-traded funds," Quantitative Finance, Taylor & Francis Journals, vol. 14(9), pages 1503-1511, September.
    40. Kang, Namho & Kondor, Péter & Sadka, Ronnie, 2011. "Idiosyncratic Return Volatility in the Cross-Section of Stocks," CEPR Discussion Papers 8307, C.E.P.R. Discussion Papers.
    41. Mathias S. Kruttli & Phillip J. Monin & Sumudu W. Watugala, 2017. "Investor Concentration, Flows, and Cash Holdings : Evidence from Hedge Funds," Finance and Economics Discussion Series 2017-121, Board of Governors of the Federal Reserve System (US).
    42. Dong Lou & Christopher Polk, "undated". "Inferring Arbitrage Activity from Return Correlations," FMG Discussion Papers dp721, Financial Markets Group.
    43. Sergey Chernenko & Adi Sunderam, 2016. "Liquidity transformation in asset management: Evidence from the cash holdings of mutual funds," ESRB Working Paper Series 23, European Systemic Risk Board.
    44. Ben-David, Itzhak & Franzoni, Francesco & Moussawi, Rabih, 2011. "ETFs, Arbitrage, and Contagion," Working Paper Series 2011-20, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
    45. Broman, Markus S., 2016. "Liquidity, style investing and excess comovement of exchange-traded fund returns," Journal of Financial Markets, Elsevier, vol. 30(C), pages 27-53.
    46. Huang, Shiyang & Huang, Yulin & Lin, Tse-Chun, 2019. "Attention allocation and return co-movement: Evidence from repeated natural experiments," Journal of Financial Economics, Elsevier, vol. 132(2), pages 369-383.

  31. Augustin Landier & David Thesmar, 2009. "Financial Contracting with Optimistic Entrepreneurs," Post-Print hal-00461106, HAL.

    Cited by:

    1. Martin C. Schmalz & David A. Sraer & David Thesmar, 2013. "Housing Collateral and Entrepreneurship," NBER Working Papers 19680, National Bureau of Economic Research, Inc.
    2. Eliaz, Kfir & Spiegler, Ran, 2005. "Speculative Contracts," CEPR Discussion Papers 5433, C.E.P.R. Discussion Papers.
    3. Dai, Na & Ivanov, Vladimir & Cole, Rebel A., 2017. "Entrepreneurial optimism, credit availability, and cost of financing: Evidence from U.S. small businesses," Journal of Corporate Finance, Elsevier, vol. 44(C), pages 289-307.
    4. Michele Dell'Era & Luis Santos-Pinto, 2011. "Entrepreneurial Overconfidence, Self-Financing and Capital Market Efficiency," Cahiers de Recherches Economiques du Département d'économie 11.06, Université de Lausanne, Faculté des HEC, Département d’économie, revised Nov 2012.
    5. Kornai, János, 2015. "Milyen is hát a tőke a 21. században?. Megjegyzések Piketty könyvéhez
      [So what is capital in the 21st century?. Notes on Piketty s book]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 909-942.
    6. Ron Kaniel & Cade Massey & David T. Robinson, 2010. "The Importance of Being an Optimist: Evidence from Labor Markets," NBER Working Papers 16328, National Bureau of Economic Research, Inc.
    7. Julio J. Rotemberg, 2010. "A Behavioral Model of Demandable Deposits and its Implications for Financial Regulation," NBER Working Papers 16620, National Bureau of Economic Research, Inc.
    8. Michelle Dell’Era & Luca David Opromolla & Luís Santos-Pinto, 2018. "A General Equilibrium Theory of Occupational Choice under Optimistic Beliefs about Entrepreneurial Ability," Working Papers REM 2018/50, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    9. Hédia Fourati & Rihab Ben Attitalah, 2018. "Entrepreneurial Optimism, The Nature Of Entrepreneurial Experience And Debt Decision For Business Start-Up," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 22(03), pages 1-26, April.
    10. Adam, Tim R. & Burg, Valentin & Scheinert, Tobias & Streitz, Daniel, 2014. "Managerial Optimism and Debt Contract Design: The Case of Syndicated Loans," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 475, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    11. Salima TAKTAK & Mohamed Ali AZOUZI & Mohamed TRIKI, 2013. "Why Entrepreneur Overconfidence Affect Its Project Financial Capability: Evidence From Tunisia Using The Bayesian Network Method," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 3(2), pages 61-84, June.
    12. Otto, Clemens A., 2014. "CEO optimism and incentive compensation," Journal of Financial Economics, Elsevier, vol. 114(2), pages 366-404.
    13. Huang, Ronghong & Tan, Kelvin Jui Keng & Faff, Robert W., 2016. "CEO overconfidence and corporate debt maturity," Journal of Corporate Finance, Elsevier, vol. 36(C), pages 93-110.
    14. Luis Medrano-Adán & Vicente Salas-Fumás & J. Sanchez-Asin, 2015. "Heterogeneous entrepreneurs from occupational choices in economies with minimum wages," Small Business Economics, Springer, vol. 44(3), pages 597-619, March.
    15. Tzioumis, Konstantinos & Gee, Matthew, 2013. "Nonlinear incentives and mortgage officers’ decisions," Journal of Financial Economics, Elsevier, vol. 107(2), pages 436-453.
    16. Wang, Jian & Sheng, Jiliang & Yang, Jun, 2013. "Optimism bias and incentive contracts in portfolio delegation," Economic Modelling, Elsevier, vol. 33(C), pages 493-499.
    17. Hae Won (Henny) Jung & Ajay Subramanian, 2014. "Capital Structure under Heterogeneous Beliefs," Review of Finance, European Finance Association, vol. 18(5), pages 1617-1681.
    18. Sandra Gottschalk & Francis J. Greene & Bettina Müller, 2017. "The impact of habitual entrepreneurial experience on new firm closure outcomes," Small Business Economics, Springer, vol. 48(2), pages 303-321, February.
    19. Thomas Astebro & Holger Herz & Ramana Nanda & Roberto Weber, 2014. "Seeking the Roots of Entrepreneurship: Insights from Behavioral Economics," Post-Print hal-01066493, HAL.
    20. Greene, Francis, 2012. "Should the focus of publicly provided small business assistance be on start-ups or growth businesses?," Occasional Papers 12/2, Ministry of Economic Development, New Zealand.
    21. Hvide, Hans K. & Panos, Georgios A., 2013. "Risk Tolerance and Entrepreneurship," IZA Discussion Papers 7206, Institute of Labor Economics (IZA).
    22. Kondor, Péter & Köszegi, Botond, 2015. "Cursed financial innovation," Discussion Papers, Research Unit: Economics of Change SP II 2015-306, WZB Berlin Social Science Center.
    23. Coutts, Alexander, 2015. "Testing Models of Belief Bias: An Experiment," MPRA Paper 67507, University Library of Munich, Germany.
    24. Poutineau, Jean-Christophe & Vermandel, Gauthier, 2017. "Global banking and the conduct of macroprudential policy in a monetary union," Journal of Macroeconomics, Elsevier, vol. 54(PB), pages 306-331.
    25. Chhaochharia, Vidhi & Kim, Dasol & Korniotis, George M. & Kumar, Alok, 2019. "Mood, firm behavior, and aggregate economic outcomes," Journal of Financial Economics, Elsevier, vol. 132(2), pages 427-450.
    26. Ashish Arora & Anand Nandkumar, 2011. "Cash-Out or Flameout! Opportunity Cost and Entrepreneurial Strategy: Theory, and Evidence from the Information Security Industry," Management Science, INFORMS, vol. 57(10), pages 1844-1860, October.
    27. Philip Bond & Andrew F. Newman, 2006. "Prohibitions on Punishments in Private Contracts," Boston University - Department of Economics - Working Papers Series WP2006-060, Boston University - Department of Economics.
    28. Mark Armstrong, 2015. "Search and Ripoff Externalities," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 47(3), pages 273-302, November.
    29. Barboni, Giorgia, 2017. "Repayment flexibility in microfinance contracts: Theory and experimental evidence on take up and selection," Journal of Economic Behavior & Organization, Elsevier, vol. 142(C), pages 425-450.
    30. Aguirregabiria, Victor & Jeon, Jihye, 2018. "Firms' Beliefs and Learning: Models, Identification, and Empirical Evidence," CEPR Discussion Papers 13255, C.E.P.R. Discussion Papers.
    31. Laux, Volker & Stocken, Phillip C., 2012. "Managerial reporting, overoptimism, and litigation risk," Journal of Accounting and Economics, Elsevier, vol. 53(3), pages 577-591.
    32. Åstebro, Thomas & Chen, Jing, 2014. "The entrepreneurial earnings puzzle: Mismeasurement or real?," Journal of Business Venturing, Elsevier, vol. 29(1), pages 88-105.
    33. Yan, Shan, 2015. "Managerial attitudes and takeover outcomes: Evidence from corporate filings," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 35(C), pages 30-44.
    34. li, Hong & Mu, Congming & Yang, Jinqiang, 2016. "Optimal contract theory with time-inconsistent preferences," Economic Modelling, Elsevier, vol. 52(PB), pages 519-530.
    35. Anja Sautmann, 2011. "Contracts for Agents with Biased Beliefs: Some Theory and an Experiment," Working Papers 2011-10, Brown University, Department of Economics.
    36. Ridha Esghaier, 2017. "Capital Structure Choices and Behavioral Biases: An Application to a Panel of US Industrial Companies," International Journal of Economics and Financial Issues, Econjournals, vol. 7(4), pages 608-622.
    37. Petr Houdek & Petr Koblovský, 2016. "Behavioural Finance and Organisations: A Review," Acta Oeconomica Pragensia, University of Economics, Prague, vol. 2016(2), pages 33-45.
    38. Eric Van den Steen, 2010. "Culture Clash: The Costs and Benefits of Homogeneity," Management Science, INFORMS, vol. 56(10), pages 1718-1738, October.
    39. Martin Koudstaal & Randolph Sloof & Mirjam van Praag, 2015. "Are Entrepreneurs more Optimistic and Overconfident than Managers and Employees?," Tinbergen Institute Discussion Papers 15-124/VII, Tinbergen Institute.
    40. Itzhak Venezia, 2018. "Lecture Notes in Behavioral Finance," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 10751.
    41. Sabrina T. Howell, 2017. "Reducing Information Frictions in Venture Capital: The Role of New Venture Competitions," NBER Working Papers 23874, National Bureau of Economic Research, Inc.
    42. Parker, Simon C., 2013. "Do serial entrepreneurs run successively better-performing businesses?," Journal of Business Venturing, Elsevier, vol. 28(5), pages 652-666.
    43. Giovanni Immordino & Anna Maria C. Menichini & Maria Grazia Romano, 2012. "Optimal Compensation Contracts For Optimistic Managers," Working Papers 3_224, Dipartimento di Scienze Economiche e Statistiche, Università degli Studi di Salerno.
    44. Philipp Krüger & Augustin Landier & David Thesmar, 2015. "The WACC Fallacy: The Real Effects of Using a Unique Discount Rate," Journal of Finance, American Finance Association, vol. 70(3), pages 1253-1285, June.
    45. Vikas Mehrotra & Randall Morck, 2017. "Governance and Stakeholders," NBER Working Papers 23460, National Bureau of Economic Research, Inc.
    46. Josh Lerner & Antoinette Schoar, 2010. "Introduction to "International Differences in Entrepreneurship"," NBER Chapters,in: International Differences in Entrepreneurship, pages 1-13 National Bureau of Economic Research, Inc.
    47. Wood, Matthew S. & Bradley, Steven W. & Artz, Kendall, 2015. "Roots, reasons, and resources: Situated optimism and firm growth in subsistence economies," Journal of Business Research, Elsevier, vol. 68(1), pages 127-136.
    48. Morgan, John & Sisak, Dana, 2016. "Aspiring to succeed: A model of entrepreneurship and fear of failure," Journal of Business Venturing, Elsevier, vol. 31(1), pages 1-21.
    49. Mohamed Ali AZOUZI & Anis JARBOUI, 2012. "Ceo Emotional Bias And Capital Structure Choice. Bayesian Network Method," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 2(2), pages 47-70, June.
    50. H. Young Baek & Florence Neymotin, 2019. "Overconfident entrepreneurs: Innovating more and paying the piper," Economics Bulletin, AccessEcon, vol. 39(2), pages 1144-1153.
    51. Huang, Wei & Jiang, Fuxiu & Liu, Zhibiao & Zhang, Min, 2011. "Agency cost, top executives' overconfidence, and investment-cash flow sensitivity -- Evidence from listed companies in China," Pacific-Basin Finance Journal, Elsevier, vol. 19(3), pages 261-277, June.
    52. Weinstock, Eyal & Sonsino, Doron, 2014. "Are risk-seekers more optimistic? Non-parametric approach," Journal of Economic Behavior & Organization, Elsevier, vol. 108(C), pages 236-251.
    53. Van den Steen, Eric, 2005. "On the Origin of Shared Beliefs (and Corporate Culture)," Working papers 27855, Massachusetts Institute of Technology (MIT), Sloan School of Management.
    54. Gottschalk, Sandra & Greene, Francis J. & Höwer, Daniel & Müller, Bettina, 2014. "If you don't succeed, should you try again? The role of entrepreneurial experience in venture survival," ZEW Discussion Papers 14-009, ZEW - Leibniz Centre for European Economic Research.
    55. Hyytinen, Ari & Lahtonen, Jukka & Pajarinen, Mika, 2012. "Entrepreneurial optimism and survival," Research Discussion Papers 20/2012, Bank of Finland.
    56. Hans K. Hvide & Jarle Møen, 2010. "Lean and Hungry or Fat and Content? Entrepreneurs' Wealth and Start-Up Performance," Management Science, INFORMS, vol. 56(8), pages 1242-1258, August.
    57. Chuluun, Tuugi & Graham, Carol, 2016. "Local happiness and firm behavior: Do firms in happy places invest more?," Journal of Economic Behavior & Organization, Elsevier, vol. 125(C), pages 41-56.
    58. Kfir Eliaz & Rani Spiegler, 2005. "Speculative Contracts," Levine's Bibliography 784828000000000628, UCLA Department of Economics.
    59. Cassar, Gavin, 2014. "Industry and startup experience on entrepreneur forecast performance in new firms," Journal of Business Venturing, Elsevier, vol. 29(1), pages 137-151.
    60. Marc Martos-Vila & Matthew Rhodes-Kropf & Jarrad Harford, 2013. "Financial vs. Strategic Buyers," NBER Working Papers 19378, National Bureau of Economic Research, Inc.
    61. Thomas J. Chemmanur & Karen Simonyan, 2010. "What Drives the Issuance of Putable Convertibles: Risk‐Shifting, Asymmetric Information, or Taxes?," Financial Management, Financial Management Association International, vol. 39(3), pages 1027-1068, September.
    62. Dessaint, Olivier & Matray, Adrien, 2017. "Do managers overreact to salient risks? Evidence from hurricane strikes," Journal of Financial Economics, Elsevier, vol. 126(1), pages 97-121.
    63. de Meza, David & Dawson, Christopher & Henley, Andrew & Arabsheibani, G. Reza, 2019. "Curb your enthusiasm: Optimistic entrepreneurs earn less," European Economic Review, Elsevier, vol. 111(C), pages 53-69.
    64. Leitner, Stephan & Rausch, Alexandra & Behrens, Doris A., 2017. "Distributed investment decisions and forecasting errors: An analysis based on a multi-agent simulation model," European Journal of Operational Research, Elsevier, vol. 258(1), pages 279-294.
    65. Sari Pekkala Kerr & William R. Kerr & Tina Xu, 2017. "Personality Traits of Entrepreneurs: A Review of Recent Literature," NBER Working Papers 24097, National Bureau of Economic Research, Inc.
    66. Joon Mahn Lee & Byoung‐Hyoun Hwang & Hailiang Chen, 2017. "Are founder CEOs more overconfident than professional CEOs? Evidence from S&P 1500 companies," Strategic Management Journal, Wiley Blackwell, vol. 38(3), pages 751-769, March.
    67. Bengtsson, Ola & Ekeblom, Daniel, 2014. "The Bright but Right View? New Evidence on Entrepreneurial Optimism," Working Papers 2014:1, Lund University, Department of Economics.
    68. Bengtsson, Ola & Ekeblom, Daniel, 2014. "The Bright but Right View? A New Type of Evidence on Entrepreneurial Optimism," Working Paper Series 1008, Research Institute of Industrial Economics.
    69. Suresh de Mel & David McKenzie & Christopher Woodruff, 2010. "Who are the Microenterprise Owners? Evidence from Sri Lanka on Tokman versus De Soto," NBER Chapters,in: International Differences in Entrepreneurship, pages 63-87 National Bureau of Economic Research, Inc.
    70. Deshmukh, Sanjay & Goel, Anand M. & Howe, Keith M., 2013. "CEO overconfidence and dividend policy," Journal of Financial Intermediation, Elsevier, vol. 22(3), pages 440-463.
    71. Hyytinen, Ari & Pajarinen, Mika & Rouvinen, Petri, 2015. "Does innovativeness reduce startup survival rates?," Journal of Business Venturing, Elsevier, vol. 30(4), pages 564-581.
    72. Z.V. Kambourova & F.C. Stam, 2016. "Entrepreneurs’ Overoptimism During The Early Life Course Of The Firm," Working Papers 16-14, Utrecht School of Economics.
    73. Ucbasaran, Deniz & Westhead, Paul & Wright, Mike & Flores, Manuel, 2010. "The nature of entrepreneurial experience, business failure and comparative optimism," Journal of Business Venturing, Elsevier, vol. 25(6), pages 541-555, November.

  32. David Thesmar, 2009. "Optimal dissent and risk Management within organizations," Post-Print hal-00495931, HAL.

    Cited by:

    1. Acharya, Viral V & Myers, Stewart C & Rajan, Raghuram G, 2009. "The Internal Governance of Firms," CEPR Discussion Papers 7210, C.E.P.R. Discussion Papers.
    2. Omiya, Shungo & Tamada, Yasunari & Tsai, Tsung-Sheng, 2017. "Optimal delegation with self-interested agents and information acquisition," Journal of Economic Behavior & Organization, Elsevier, vol. 137(C), pages 54-71.
    3. Saori CHIBA & Kaiwen LEONG, 2018. "Information Aggregation and Countervailing Biases in Organizations," Discussion papers e-18-007, Graduate School of Economics , Kyoto University.

  33. Augustin Landier & D. Sraer & David Thesmar, 2009. "Financial Risk Management: When Does Independence Fail?," Post-Print hal-00461112, HAL.

    Cited by:

    1. Andries, Alin Marius & Brown, Martin, 2014. "Credit Booms and Busts in Emerging Markets: The Role of Bank Governance and Risk Managment," Working Papers on Finance 1414, University of St. Gallen, School of Finance.
    2. Cãtãlina Sitnikov & Claudiu George Bocean & Dorel Berceanu & Ramona Pîrvu, 2017. "Risk Management Model from the Perspective of the Implementing ISO 9001:2015 Standard Within Financial Services Companies," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 19(S11), pages 1017-1017.
    3. Nicoleta BARBUTA-MISU, 2012. "Financial Risk Study of the Construction Sector SMEs," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 31-38.
    4. Stulz, Rene M., 2016. "Risk management, governance, culture, and risk taking in banks," Economic Policy Review, Federal Reserve Bank of New York, issue Aug, pages 43-60.
    5. Alin Marius Andries & Martin Brown, 2017. "Credit booms and busts in emerging markets," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 25(3), pages 377-437, July.
    6. He, Ying & Chen, Cindy & Hu, Yue, 2019. "Managerial overconfidence, internal financing, and investment efficiency: Evidence from China," Research in International Business and Finance, Elsevier, vol. 47(C), pages 501-510.
    7. Mihaela-Cristina Onica & Jalba Silvia & Nedelcu Andreea - Izabela, 2015. "Comparative Analysis Regarding The Study Of The Financial Balance Of Companies Listed On The Stock Market," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 509-525.
    8. François-Xavier De Vaujany & Vladislav Fomin & Kalle Lyytinen & Stefan Haefliger, 2013. "Sociomaterial regulation in organizations: The case of information technology," Post-Print hal-01648122, HAL.
    9. René M. Stulz, 2014. "Governance, Risk Management, and Risk-Taking in Banks," NBER Working Papers 20274, National Bureau of Economic Research, Inc.

  34. Hombert, Johan & Thesmar, David, 2009. "Limits of Limits of Arbitrage: Theory and Evidence," CEPR Discussion Papers 7212, C.E.P.R. Discussion Papers.

    Cited by:

    1. Cai, Charlie X. & McGuinness, Paul B. & Zhang, Qi, 2011. "The pricing dynamics of cross-listed securities: The case of Chinese A- and H-shares," Journal of Banking & Finance, Elsevier, vol. 35(8), pages 2123-2136, August.
    2. Charlie X. Cai & Robert Faff & Yongcheol Shin, 2018. "Noise Momentum Around the World," Abacus, Accounting Foundation, University of Sydney, vol. 54(1), pages 79-104, March.

  35. Augustin Landier & D. Sraer & David Thesmar, 2009. "Optimal Dissent in Organizations," Post-Print hal-00461108, HAL.

    Cited by:

    1. Laurent Bach & Nicolas Serrano-Velarde, 2009. "The Power of Dynastic Commitment," Working Papers 0924, Oxford University Centre for Business Taxation.
    2. Acharya, Viral V & Myers, Stewart C & Rajan, Raghuram G, 2009. "The Internal Governance of Firms," CEPR Discussion Papers 7210, C.E.P.R. Discussion Papers.
    3. Brandon Schaufele, 2013. "Dissent in Parliament as Reputation Building," Working Papers 1301E, University of Ottawa, Department of Economics.
    4. Raghuram Rajan, 2012. "The Corporation in Finance," NBER Working Papers 17760, National Bureau of Economic Research, Inc.
    5. Robert S. Gibbons, 2010. "Inside Organizations: Pricing, Politics, and Path Dependence," Levine's Working Paper Archive 661465000000000249, David K. Levine.
    6. Benabou, Roland, 2013. "Groupthink: Collective Delusions in Organizations and Markets," IZA Discussion Papers 7322, Institute of Labor Economics (IZA).
    7. Kräkel, Matthias & Müller, Daniel, 2015. "Merger efficiency and managerial incentives," International Journal of Industrial Organization, Elsevier, vol. 41(C), pages 51-63.
    8. Thomas J. Chemmanur & Viktar Fedaseyeu, 2012. "A Theory of Corporate Boards and Forced CEO Turnover," Working Papers 444, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    9. Omiya, Shungo & Tamada, Yasunari & Tsai, Tsung-Sheng, 2017. "Optimal delegation with self-interested agents and information acquisition," Journal of Economic Behavior & Organization, Elsevier, vol. 137(C), pages 54-71.
    10. Augustin Landier & D. Sraer & David Thesmar, 2009. "Financial Risk Management: When Does Independence Fail?," Post-Print hal-00461112, HAL.
    11. Indridi Indridason, 2008. "To dissent or not to dissent? Informative dissent and parliamentary governance," Economics of Governance, Springer, vol. 9(4), pages 363-392, October.
    12. Randall Morck & Bernard Yeung, 2010. "Agency Problems and the Fate of Capitalism," NBER Working Papers 16490, National Bureau of Economic Research, Inc.
    13. Saori Chiba & Kaiwen Leong & Kaiwen Leong, 2013. "Cheap Talk with Outside Options," Working Papers 16, Department of Management, Università Ca' Foscari Venezia.
    14. Jain, Pawan & Jiang, Christine & Mekhaimer, Mohamed, 2016. "Executives' horizon, internal governance and stock market liquidity," Journal of Corporate Finance, Elsevier, vol. 40(C), pages 1-23.
    15. Macchiavello, Rocco, 2007. "Financial Constraints and the Costs and Benefits of Vertical Integration," CEPR Discussion Papers 6104, C.E.P.R. Discussion Papers.
    16. Saori Chiba & Kaiwen Leong, 2013. "Managerial Economics of Cheap Talk," Working Papers 24, Department of Management, Università Ca' Foscari Venezia.
    17. Anthony M. Marino & John G. Matsusaka & Jan Zabojnik, 2006. "Disobedience And Authority," Working Paper 1109, Economics Department, Queen's University.
    18. Van den Steen, Eric, 2007. "The Limits of Authority: Motivation versus Coordination," Working papers 37305, Massachusetts Institute of Technology (MIT), Sloan School of Management.
    19. Saori CHIBA & Kaiwen LEONG, 2018. "Information Aggregation and Countervailing Biases in Organizations," Discussion papers e-18-007, Graduate School of Economics , Kyoto University.

  36. Augustin Landier & Mathias Thoenig & David Thesmar, 2008. "Investigating capitalism aversion," Post-Print hal-00461103, HAL.

    Cited by:

    1. Philippe Aghion & Yann Algan & Pierre Cahuc & Andrei Shleifer, 2009. "Regulation and Distrust," NBER Working Papers 14648, National Bureau of Economic Research, Inc.
    2. Riccardo Rovelli & Anzelika Zaiceva, 2013. "Did support for economic and political reforms increase during the post-communist transition, and if so, why?," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 21(2), pages 193-240, April.
    3. Pitlik, Hans & Kouba, Ludek, 2014. "Does social distrust always lead to a stronger support for government intervention?," Ratio Working Papers 227, The Ratio Institute.
    4. R. Golinelli & R. Rovelli, 2011. "Did Growth and Reforms Increase Citizens’ Support for the Transition?," Working Papers wp771, Dipartimento Scienze Economiche, Universita' di Bologna.
    5. Tarabar, Danko, 2017. "Culture, democracy, and market reforms: Evidence from transition countries," Journal of Comparative Economics, Elsevier, vol. 45(3), pages 456-480.
    6. Ludek Kouba & Hans Pitlik, 2014. "I wanna live my life: Locus of Control and Support for the Welfare State," MENDELU Working Papers in Business and Economics 2014-46, Mendel University in Brno, Faculty of Business and Economics.
    7. Grosjean, Pauline & Ricka, Frantisek & Senik, Claudia, 2013. "Learning, political attitudes and crises: Lessons from transition countries," Journal of Comparative Economics, Elsevier, vol. 41(2), pages 490-505.
    8. Hans Pitlik & Ludek Kouba, 2014. "Does Social Distrust Always Lead to a Stronger Support for Government Intervention? WWWforEurope Policy Paper No. 8," WIFO Studies, WIFO, number 47113, October.
    9. Buera, Francisco & Monge-Naranjo, Alexander & Primiceri, Giorgio E, 2010. "Learning the Wealth of Nations," CEPR Discussion Papers 8030, C.E.P.R. Discussion Papers.
    10. Rafael Di Tella & Sebastian Galiani & Ernesto Schargrodsky, 2008. "Reality versus Propaganda in the Formation of Beliefs about Privatization," NBER Working Papers 14483, National Bureau of Economic Research, Inc.
    11. Rafael Di Tella & Robert MacCulloch, 2009. "Why Doesn't Capitalism Flow to Poor Countries?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 40(1 (Spring), pages 285-332.
    12. Veronique Bessiere & Michael Kaestner & Anne-Laurence Lafont, 2011. "Hedge fund activism: insights from a French clinical study," Applied Financial Economics, Taylor & Francis Journals, vol. 21(16), pages 1225-1234.
    13. Rovelli, Riccardo & Zaiceva, Anzelika, 2009. "Transition Fatigue? Cross-Country Evidence from Micro Data," IZA Discussion Papers 4224, Institute of Labor Economics (IZA).
    14. Dimitrova-Grajzl, Valentina & Grajzl, Peter & Guse, A. Joseph, 2012. "Trust, perceptions of corruption, and demand for regulation: Evidence from post-socialist countries," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(3), pages 292-303.
    15. Maystre, Nicolas & Olivier, Jacques & Thoenig, Mathias & Verdier, Thierry, 2009. "Product-Based Cultural Change: Is the Village Global?," CEPR Discussion Papers 7438, C.E.P.R. Discussion Papers.
    16. Markus Leibrecht & Hans Pitlik, 2018. "Is Trust in Companies Rooted in Social Trust, or Regulatory Quality, or Both?," John H Dunning Centre for International Business Discussion Papers jhd-dp2018-03, Henley Business School, Reading University.
    17. Kaustia, Markku & Torstila, Sami, 2011. "Stock market aversion? Political preferences and stock market participation," Journal of Financial Economics, Elsevier, vol. 100(1), pages 98-112, April.
    18. Pauline Grosjean & Frantisek Ricka & Claudia Senik, 2011. "Learning, Political Attitudes and the Crisis in Transition Countries," Discussion Papers 2011-16, School of Economics, The University of New South Wales.
    19. Neher, Frank, 2011. "Markets wanted: Expectation overshooting in transition," Discussion Papers 2011/1, Free University Berlin, School of Business & Economics.

  37. Foucault, Thierry & Themar, David & Sraer, David, 2008. "Individual investors and volatility," HEC Research Papers Series 899, HEC Paris.

    Cited by:

    1. Imran Riaz MALIK* & Attaullah SHAH*, 2014. "Market Varying Conditional Risk-Return Relationship," Pakistan Journal of Applied Economics, Applied Economics Research Centre, vol. 24(2), pages 121-142.
    2. David Thesmar, 2009. "Stock Price Fragility," Post-Print hal-00496062, HAL.
    3. Hvozdyk, Lyudmyla & Rustanov, Serik, 2016. "The effect of financial transaction tax on market liquidity and volatility: An Italian perspective," International Review of Financial Analysis, Elsevier, vol. 45(C), pages 62-78.
    4. Lim, Kian-Ping & Thian, Tze-Chung & Hooy, Chee-Wooi, 2017. "Investor heterogeneity, trading account types and competing liquidity channels for Malaysian stocks," Research in International Business and Finance, Elsevier, vol. 41(C), pages 220-234.
    5. Marie-Hélène Broihanne & Maxime Merli & Patrick Roger, 2016. "Diversification, gambling and market forces," Review of Quantitative Finance and Accounting, Springer, vol. 47(1), pages 129-157, July.
    6. Baruch, Shmuel & Panayides, Marios & Venkataraman, Kumar, 2017. "Informed trading and price discovery before corporate events," Journal of Financial Economics, Elsevier, vol. 125(3), pages 561-588.
    7. Gong, Pu & Dai, Jun, 2017. "Monetary policy, exchange rate fluctuation, and herding behavior in the stock market," Journal of Business Research, Elsevier, vol. 76(C), pages 34-43.
    8. Gunther Capelle-Blancard & Olena Havrylchyk, 2013. "The Impact of the French Securities Transaction Tax on Market Liquidity and Volatility," Documents de travail du Centre d'Economie de la Sorbonne 13085, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    9. Barrot, Jean-Noël & Kaniel, Ron & Sraer, David, 2015. "Are retail traders compensated for providing liquidity?," CEPR Discussion Papers 10820, C.E.P.R. Discussion Papers.
    10. Qin Wang & Jun Zhang, 2015. "Individual investor trading and stock liquidity," Review of Quantitative Finance and Accounting, Springer, vol. 45(3), pages 485-508, October.
    11. Semen Son-Turan, 2016. "The Impact of Investor Sentiment on the "Leverage Effect"," International Econometric Review (IER), Econometric Research Association, vol. 8(1), pages 4-18, April.
    12. Fernando Chague & Rodrigo De Losso, Bruno Giovannetti, 2017. "The Price Tag Illusion," Working Papers, Department of Economics 2017_31, University of São Paulo (FEA-USP).
    13. Rawley Z. Heimer & Alp Simsek, 2017. "Should Retail Investors' Leverage Be Limited?," NBER Working Papers 24176, National Bureau of Economic Research, Inc.
    14. Erdem, Orhan & Yüksel, Serkan & Arık, Evren, 2013. "Trading Puzzle, Puzzling Trade," MPRA Paper 46804, University Library of Munich, Germany, revised 21 Feb 2013.
    15. Thomas Dimpfl & Stephan Jank, 2016. "Can Internet Search Queries Help to Predict Stock Market Volatility?," European Financial Management, European Financial Management Association, vol. 22(2), pages 171-192, March.
    16. Amal Aouadi & Mohamed Arouri & Frédéric Teulon, 2014. "Investor Following and Volatility: A GARCH Approach," Working Papers 2014-286, Department of Research, Ipag Business School.
    17. Nidhi Aggarwal & Venkatesh Panchapagesan & Susan Thomas, 2019. "When do regulatory interventions work?," Working Papers id:13040, eSocialSciences.
    18. Zhang, Chris H. & Frijns, Bart, 2019. "Noise trading and informational efficiency," EconStor Preprints 198037, ZBW - Leibniz Information Centre for Economics.
    19. Lee, Jaeram & Lee, Geul & Ryu, Doojin, 2018. "Difference in the intraday return-volume relationships of spots and futures: A quantile regression approach," Economics Discussion Papers 2018-68, Kiel Institute for the World Economy (IfW).
    20. Bekaert, Geert & Hodrick, Robert J. & Zhang, Xiaoyan, 2012. "Aggregate Idiosyncratic Volatility," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 47(06), pages 1155-1185, December.
    21. Hoffmann, Arvid O.I. & Post, Thomas & Pennings, Joost M.E., 2013. "Individual investor perceptions and behavior during the financial crisis," Journal of Banking & Finance, Elsevier, vol. 37(1), pages 60-74.
    22. Chen, Zhijuan & Lin, William T. & Ma, Changfeng & Tsai, Shih-Chuan, 2014. "Liquidity provisions by individual investor trading prior to dividend announcements: Evidence from Taiwan," The North American Journal of Economics and Finance, Elsevier, vol. 28(C), pages 358-374.
    23. Fernando Chague & Rodrigo De Losso, Bruno Giovannetti, 2018. "Individual Investors Look at Price Tags," Working Papers, Department of Economics 2018_17, University of São Paulo (FEA-USP).
    24. Owain Ap Gwilym & Iftekhar Hasan & Qingwei Wang & Ru Xie, 2016. "In Search of Concepts: The Effects of Speculative Demand on Stock Returns," European Financial Management, European Financial Management Association, vol. 22(3), pages 427-449, June.
    25. Chague, Fernando Daniel & Bueno, Rodrigo de Losso da Silveira & Giovannetti, Bruno Cara, 2018. "Individuals neglect the informational role of prices: evidence from the stock market," Textos para discussão 467, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    26. Patrick Roger & Marie-Hélène Broihanne & Maxime Merli, 2012. "In search of positive skewness: the case of individual investors," Working Papers of LaRGE Research Center 2012-04, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
    27. Alonso, Miguel A. & Rallo, Juan Ramón & Romero, Alberto, 2013. "El efecto de los impuestos a las transacciones financieras en la estabilidad de los mercados de capital. Un debate sin resolver," El Trimestre Económico, Fondo de Cultura Económica, vol. 0(317), pages 207-231, enero-mar.
    28. Lim, Kian-Ping & Thian, Tze-Chung & Hooy, Chee-Wooi, 2015. "Corporate Shareholdings and the Liquidity of Malaysian Stocks: Investor Heterogeneity, Trading Account Types and the Underlying Channels," MPRA Paper 67602, University Library of Munich, Germany.
    29. Mihov, Atanas & Naranjo, Andy, 2017. "Customer-base concentration and the transmission of idiosyncratic volatility along the vertical chain," Journal of Empirical Finance, Elsevier, vol. 40(C), pages 73-100.
    30. Yajun Wang, 2016. "Why Can Margin Requirements Increase Volatility and Benefit Margin Constrained Investors?," Review of Finance, European Finance Association, vol. 20(4), pages 1449-1485.
    31. Cheng, Su-Yin, 2012. "Substitution or complementary effects between banking and stock markets: Evidence from financial openness in Taiwan," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 22(3), pages 508-520.
    32. Moonsoo Kang & Kiseok Nam, 2015. "Informed trade and idiosyncratic return variation," Review of Quantitative Finance and Accounting, Springer, vol. 44(3), pages 551-572, April.
    33. Heimer, Rawley, 2014. "Can Leverage Constraints Help Investors?," Working Papers (Old Series) 1433, Federal Reserve Bank of Cleveland.
    34. André Schmidt, 2017. "Determinants of Corporate Voting – Evidence from a Large Survey of German Retail Investors," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 18(1), pages 71-103, February.
    35. Chen, Yu & Wang, Zhicheng & Zhang, Zhengjun, 2019. "Mark to market value at risk," Journal of Econometrics, Elsevier, vol. 208(1), pages 299-321.
    36. Heimer, Rawley & Simsek, Alp, 2019. "Should retail investors’ leverage be limited?," Journal of Financial Economics, Elsevier, vol. 132(3), pages 1-21.
    37. Peress, Jo�l & Schmidt, Daniel, 2017. "Noise Traders Incarnate: Describing a Realistic Noise Trading Process," CEPR Discussion Papers 12434, C.E.P.R. Discussion Papers.
    38. Ping-Hung Chou & Pei-Shan Wu & Teng-Tsai Tu, 2014. "The Impact of Trader Behavior on Options Price Volatility," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(4), pages 503-516, April.
    39. Черкасова Виктория Артуровна & Дуняшева Регина Фаритовна, 2016. "Инвестиционные Решения Компаний В Условиях Асимметрии Информации," Higher School of Economics Economic Journal Экономический журнал Высшей школы экономики, CyberLeninka;Федеральное государственное автономное образовательное учреждение высшего образования «Национальный исследовательский университет «Высшая школа экономики», vol. 20(4), pages 655-690.
    40. Cheng-Yi CHIEN & Kuei-Yuan WANG & Chih-Hsiang HSU, 2016. "Whose Short Sales Are Informed? Institutions vs. Individuals," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 73-81, September.
    41. Nam, Kiseok & Khaksari, Shahriar & Kang, Moonsoo, 2017. "Trend in aggregate idiosyncratic volatility," Review of Financial Economics, Elsevier, vol. 35(C), pages 11-28.
    42. Ramos, Henrique P. & Perlin, Marcelo S. & Righi, Marcelo B., 2017. "Mispricing in the odd lots market in Brazil," The North American Journal of Economics and Finance, Elsevier, vol. 42(C), pages 618-628.
    43. Liew, Ping-Xin & Lim, Kian-Ping & Goh, Kim-Leng, 2018. "Foreign equity flows: Boon or bane to the liquidity of Malaysian stock market?," The North American Journal of Economics and Finance, Elsevier, vol. 45(C), pages 161-181.
    44. Yuming Fu & Wenlan Qian, 2014. "Speculators and Price Overreaction in the Housing Market," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 42(4), pages 977-1007, December.
    45. Rawley Heimer, 2013. "Friends do let friends buy stocks actively," Working Papers (Old Series) 1314, Federal Reserve Bank of Cleveland.
    46. Patrick Roger, 2012. "Portfolio diversification dynamics of individual investors: a new measure of investor sentiment," Working Papers of LaRGE Research Center 2012-01, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
    47. Clark, Gordon L. & Fiaschetti, Maurizio & Tufano, Peter & Viehs, Michael, 2018. "Playing with your future: Who gambles in defined-contribution pension plans?," International Review of Financial Analysis, Elsevier, vol. 60(C), pages 213-225.
    48. Arvid O. I. Hoffmann & Thomas Post & Tom Smith, 2017. "How return and risk experiences shape investor beliefs and preferences," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 57(3), pages 759-788, September.
    49. Wang, Shu-Feng & Lee, Kuan-Hui & Woo, Min-Cheol, 2017. "Do individual short-sellers make money? Evidence from Korea," Journal of Banking & Finance, Elsevier, vol. 79(C), pages 159-172.
    50. Paula A. Yepes-Henao & Diego A. Agudelo & Ramazan Gencay, 2018. "Muddying the waters: Who Induces Volatility in an Emerging Market?," Documentos de Trabajo CIEF 016974, Universidad EAFIT.
    51. Sofiane Aboura, 2016. "Individual investors and stock returns," Journal of Asset Management, Palgrave Macmillan, vol. 17(7), pages 477-485, December.
    52. Thomas Dimpfl & Vladislav Kleiman, 2019. "Investor Pessimism and the German Stock Market: Exploring Google Search Queries," German Economic Review, Verein für Socialpolitik, vol. 20(1), pages 1-28, February.
    53. Jain, Pawan & Jiang, Christine, 2014. "Predicting future price volatility: Empirical evidence from an emerging limit order market," Pacific-Basin Finance Journal, Elsevier, vol. 27(C), pages 72-93.
    54. Wang, Qin & Zhang, Jun, 2015. "Does individual investor trading impact firm valuation?," Journal of Corporate Finance, Elsevier, vol. 35(C), pages 120-135.
    55. Jang, Jeewon, 2017. "Stock return anomalies and individual investors in the Korean stock market," Pacific-Basin Finance Journal, Elsevier, vol. 46(PA), pages 141-157.
    56. Goddard, John & Kita, Arben & Wang, Qingwei, 2015. "Investor attention and FX market volatility," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 38(C), pages 79-96.
    57. Bergheim, Ralf & Ernstberger, Jürgen & Roos, Michael W. M., 2014. "How Do Fair Value Measurements of Financial Instruments Affect Investments in Banks?," Ruhr Economic Papers 487, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    58. Håkan Jankensgård & Anders Vilhelmsson, 2018. "The Shareholder Base Hypothesis of Stock Return Volatility: Empirical Evidence," Financial Management, Financial Management Association International, vol. 47(1), pages 55-79, March.
    59. Heimer, Rawley & Simon, David, 2015. "Facebook Finance: How Social Interaction Propagates Active Investing," Working Papers (Old Series) 1522, Federal Reserve Bank of Cleveland.
    60. Kee-Hong Bae & Jin-Mo Kim & Yang Ni, 2013. "Is Firm-specific Return Variation a Measure of Information Efficiency?," International Review of Finance, International Review of Finance Ltd., vol. 13(4), pages 407-445, December.
    61. Wolff, Christian C, 2017. "Trading in style: Retail investors vs. institutions," CEPR Discussion Papers 12462, C.E.P.R. Discussion Papers.
    62. Sheridan Titman & Naoto Isaka, 2014. "Long-run Effects of Minimum Trading Unit Reductions on Stock Prices," International Review of Finance, International Review of Finance Ltd., vol. 14(1), pages 75-103, March.
    63. Mariusz Kicia, 2013. "Can Heuristic Valuation Improve Investment Performance Of Individual Investors?," Diversity, Technology, and Innovation for Operational Competitiveness: Proceedings of the 2013 International Conference on Technology Innovation and Industrial Management, ToKnowPress.
    64. Bleher, Johannes & Dimpfl, Thomas, 2019. "Today I got a million, tomorrow, I don't know: On the predictability of cryptocurrencies by means of Google search volume," International Review of Financial Analysis, Elsevier, vol. 63(C), pages 147-159.
    65. Vozlyublennaia, Nadia, 2014. "Investor attention, index performance, and return predictability," Journal of Banking & Finance, Elsevier, vol. 41(C), pages 17-35.
    66. Heimer, Rawley Z., 2014. "Friends do let friends buy stocks actively," Journal of Economic Behavior & Organization, Elsevier, vol. 107(PB), pages 527-540.
    67. Alyssa G. Anderson & Yelena Larkin, 2019. "Does Noninformative Text Affect Investor Behavior?," Financial Management, Financial Management Association International, vol. 48(1), pages 257-289, March.
    68. Che, Limei, 2018. "Investor types and stock return volatility," Journal of Empirical Finance, Elsevier, vol. 47(C), pages 139-161.
    69. Jung, Chan Shik & Kim, Woojin & Lee, Dong Wook, 2013. "Short selling by individual investors: Destabilizing or price discovering?," Pacific-Basin Finance Journal, Elsevier, vol. 21(1), pages 1232-1248.

  38. Mathias Thoenig & David Thesmar, 2007. "From Flexibility to Insecurity: How Vertical Separation Amplifies Firm-level Uncertainty," Post-Print hal-00461100, HAL.

    Cited by:

    1. Nicholas Bloom & John Van Reenen, 2010. "Human Resource Management and Productivity," NBER Working Papers 16019, National Bureau of Economic Research, Inc.
    2. PICARD, Pierre M. & WILDASIN, David E., 2011. "Outsourcing, labor market pooling, and labor contracts," CORE Discussion Papers RP 2354, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    3. Lommerud, Kjell Erik & Meland, Frode & Straume, Odd Rune, 2005. "Can deunionization lead to international outsourcing?," Working Papers in Economics 15/05, University of Bergen, Department of Economics.
    4. Pierre M. Picard & David E. Wildasin, 2009. "Labor Market Pooling, Outsourcing and Labor Contracts," CREA Discussion Paper Series 09-05, Center for Research in Economic Analysis, University of Luxembourg.
    5. David Thesmar & Mathias Thoenig, 2011. "Contrasting Trends in Firm Volatility," Post-Print hal-00635987, HAL.
    6. Matsushima, Noriaki & Mizuno, Tomomichi, 2013. "Vertical separation as a defense against strong suppliers," European Journal of Operational Research, Elsevier, vol. 228(1), pages 208-216.
    7. Viete, Steffen & Erdsiek, Daniel, 2015. "Mobile information and communication technologies, flexible work organization and labor productivity: Firm-level evidence," ZEW Discussion Papers 15-087, ZEW - Leibniz Centre for European Economic Research.
    8. Alexander Hijzen & Paul Swaim, 2008. "Offshoring, Labour Market Institutions and the Elasticity of Labour Demand," Discussion Papers 08/05, University of Nottingham, GEP.
    9. Espen Bratberg & Kjell G. Salvanes & Kjell Vaage, 2010. "Has Job Stability Decreased? Population Data from a Small Open Economy," Scandinavian Journal of Economics, Wiley Blackwell, vol. 112(1), pages 163-183, March.

  39. Kramarz, Francis & Thesmar, David, 2006. "Social Networks in the Boardroom," CEPR Discussion Papers 5496, C.E.P.R. Discussion Papers.

    Cited by:

    1. Owen, Ann L. & Temesvary, Judit, 2018. "The performance effects of gender diversity on bank boards," Journal of Banking & Finance, Elsevier, vol. 90(C), pages 50-63.
    2. Brigitte Granville & Jaume Martorell Cruz & Martha Prevezer, 2015. "Elites, Thickets and Institutions: French Resistance versus German Adaptation to Economic Change, 1945-2015," Working Papers 63, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
    3. Elise S. Brezis & Joël Cariolle, 2016. "Financial Sector Regulation and the Revolving Door in US Commercial Banks," Working Papers 2016-03, Bar-Ilan University, Department of Economics.
    4. Antoine Rebérioux & Gwenaël Roudaut, 2016. "Gender Quota inside the Boardroom: Female Directors as New Key Players?," Working Papers hal-01297884, HAL.
    5. Elise S. Brezis, 2017. "Legal Conflicts of Interest of the Revolving Door," Working Papers 2017-05, Bar-Ilan University, Department of Economics.
    6. Bramoullé, Y. & Goyal, S., 2009. "Favoritism," Cambridge Working Papers in Economics 0942, Faculty of Economics, University of Cambridge.
    7. Sandra Cavaco & Patricia Crifo & Antoine Rebérioux & Gwenaël Roudaut, 2014. "Independent directors: less informed, but better selected? New evidence from a two-way director-firm fixed effect model," CIRANO Working Papers 2014s-39, CIRANO.
    8. Ponzo, Michela & Scoppa, Vincenzo, 2010. "The use of informal networks in Italy: Efficiency or favoritism?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(1), pages 89-99, January.
    9. Maggian, Valeria & Montinari, Natalia & Nicolò, Antonio, 2015. "Backscratching in Hierarchical Organizations," Working Papers 2015:10, Lund University, Department of Economics.
    10. Chiraz Ben Ali & Frederic Teulon, 2014. "CEO Monitoring and board effectiveness: Resolving CEO compensation issue," Working Papers 2014-45, Department of Research, Ipag Business School.
    11. Jason Roderick Donaldson & Nadya Malenko & Giorgia Piacentino, 2019. "Deadlock on the Board," NBER Working Papers 26155, National Bureau of Economic Research, Inc.
    12. Weber, Andrea & Saygin, Peri & Weynandt, Michele, 2014. "Coworkers, Networks, and Job Search Outcomes," Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100533, Verein für Socialpolitik / German Economic Association.
    13. Berardi, Nicoletta & Lalanne, Marie & Seabright, Paul, 2018. "Professional networks and their coevolution with executive careers: Evidence from North America and Europe," SAFE Working Paper Series 243, Research Center SAFE - Sustainable Architecture for Finance in Europe, Goethe University Frankfurt.
    14. Mitri Kitti & Matti Pihlava & Hannu Salonen, 2016. "Search in Networks: The Case of Board Interlocks," Discussion Papers 116, Aboa Centre for Economics.
    15. Lalanne, Marie & Seabright, Paul, 2016. "The old boy network: The impact of professional networks on remuneration in top executive jobs," SAFE Working Paper Series 123, Research Center SAFE - Sustainable Architecture for Finance in Europe, Goethe University Frankfurt.
    16. Renneboog, Luc & Zhao, Yang, 2017. "Director Networks, Turnover, and Appointments," Discussion Paper 2018-035, Tilburg University, Center for Economic Research.
    17. Adams, Renee & Hermalin, Benjamin E. & Weisbach, Michael S., 2009. "The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey," Working Paper Series 2008-21, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
    18. Giacinta Cestone & Chiara Fumagalli & Francis Kramarz & Giovanni Pica, 2016. "Insurance Between Firms: The Role of Internal Labor Markets," Development Working Papers 397, Centro Studi Luca d'Agliano, University of Milano, revised 20 Jun 2016.
    19. Giovanni Bartolomeo & Paolo Canofari, 2015. "Interlocking Directorates and Concentration in the Italian Insurance Market," Journal of Industry, Competition and Trade, Springer, vol. 15(4), pages 351-362, December.
    20. Lionel Almeida, 2016. "The Effects of CEO Pay Transparency in France: Benchmarking, 'Catching-Up', and Outsider Scrutiny," Working Papers hal-02102818, HAL.
    21. Elise S. Brezis & Joel Cariolle, 2014. "The Revolving Door Indicator: Estimating the Distortionary Power of the Revolving Door," Working Papers 2014-13, Bar-Ilan University, Department of Economics.
    22. Liu, Yun, 2014. "Outside options and CEO turnover: The network effect," Journal of Corporate Finance, Elsevier, vol. 28(C), pages 201-217.
    23. Dyballa, Katharina & Kraft, Kornelius, 2015. "Does codetermination affect the composition of variable versus fixed parts of executive compensation?," ZEW Discussion Papers 15-053, ZEW - Leibniz Centre for European Economic Research.
    24. Lena Hensvik & Oskar Nordström Skans, 2016. "Social Networks, Employee Selection, and Labor Market Outcomes," Journal of Labor Economics, University of Chicago Press, vol. 34(4), pages 825-867.
    25. Galina Zudenkova, 2015. "Political cronyism," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 44(3), pages 473-492, March.
    26. Sandra Cavaco & Patricia Crifo & Antoine Rebérioux & Gwenael Roudaut, 2017. "Independent directors: less informed but better selected than affiliated board members?," Post-Print hal-01549817, HAL.
    27. Eliason, Marcus & Hensvik, Lena & Kramarz, Francis & Nordström Skans, Oskar, 2019. "Social Connections and the Sorting of Workers to Firms," IZA Discussion Papers 12323, Institute of Labor Economics (IZA).
    28. Lars Calmfors & Giancarlo Corsetti & Michael P. Devereux & SeppoHonkapohja & Gilles Saint-Paul & mult. Hans-Werner Sinn & Jan-Egbert Sturm & Xavier Vives, 2007. "Chapter 6: Economic nationalism," EEAG Report on the European Economy, CESifo Group Munich, vol. 0, pages 133-147, February.
    29. Erich Battistin & Clara Graziano & G. Parigi, 2008. "Connections and Performance in Bankers' Turnover: Better Wed over the Mixen than over the Moor," CESifo Working Paper Series 2439, CESifo Group Munich.
    30. Stuart, Toby E. & Yim, Soojin, 2010. "Board interlocks and the propensity to be targeted in private equity transactions," Journal of Financial Economics, Elsevier, vol. 97(1), pages 174-189, July.
    31. Ponzo, Michela & Scoppa, Vincenzo, 2011. "A simple model of favouritism in recruitment," Research in Economics, Elsevier, vol. 65(2), pages 78-88, June.
    32. Kramarz, Francis, 2014. "Firms and their networks," Labour Economics, Elsevier, vol. 30(C), pages 109-112.
    33. Zudenkova, Galina, 2011. "Cronyism in Business, Public Sector and Politics," Working Papers 2072/151814, Universitat Rovira i Virgili, Department of Economics.
    34. Gary Bolton & Axel Ockenfels & Peter Werner, 2016. "Leveraging social relationships and transparency in the insider game," Journal of the Economic Science Association, Springer;Economic Science Association, vol. 2(2), pages 127-143, November.
    35. Clare Leaver & Jordi Blances i Vidal, 2007. "Behaviour in Networks of Collaborators: Theory and Evidence from the English Judiciary," Economics Series Working Papers 354, University of Oxford, Department of Economics.
    36. Lippert, Steffen & Spagnolo, Giancarlo, 2004. "Networks of Relations," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 28, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    37. Ferreira, Daniel & Ginglinger, Edith & Laguna, Marie-Aude & Skalli, Yasmine, 2017. "Board Quotas and Director-Firm Matching," CEPR Discussion Papers 12117, C.E.P.R. Discussion Papers.
    38. Goergen, Marc & Renneboog, Luc & Zhao, Yang, 2019. "Insider trading and networked directors," Journal of Corporate Finance, Elsevier, vol. 56(C), pages 152-175.
    39. Antoine Rebérioux & Gwenael Roudaut, 2017. "Gender Quota and Inequalities inside the Boardroom," Working Papers hal-01618949, HAL.
    40. Nicoletta Berardi & Marie Lalanne & Paul Seabright, 2019. "Professional Networks and their Coevolution with Executive Careers," Working papers 723, Banque de France.
    41. Chikh, Sabrina & Filbien, Jean-Yves, 2011. "Acquisitions and CEO power: Evidence from French networks," Journal of Corporate Finance, Elsevier, vol. 17(5), pages 1221-1236.
    42. Johan Egebark & Mathias Ekström, 2018. "Liking what others “Like”: using Facebook to identify determinants of conformity," Experimental Economics, Springer;Economic Science Association, vol. 21(4), pages 793-814, December.

  40. Philippe Askenazy & David Thesmar & Mathias Thoenig, 2006. "On the Relation Between Organisational Practices and New Technologies: the Role of (Time Based) Competition," Post-Print hal-00485611, HAL.

    Cited by:

    1. Daron Acemoglu & Philippe Aghion & Claire Lelarge & John Van Reenen & Fabrizio Zilibotti, 2006. "Technology, Information and the Decentralization of the Firm," CEP Discussion Papers dp0722, Centre for Economic Performance, LSE.
    2. Maria Guadalupe & Julie Wulf, 2008. "The Flattening Firm and Product Market Competition: The Effect of Trade Liberalization," NBER Working Papers 14491, National Bureau of Economic Research, Inc.
    3. Philippe Askenazy & Julien Grenet, 2009. "Les managers français connaissent-ils leurs entreprises ? Les leçons de l'enquête REPONSE," Post-Print hal-00813567, HAL.
    4. Ludivine Martin, 2017. "Do Innovative Work Practices and Use of Information and Communication Technologies Motivate Employees?," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 56(2), pages 263-292, April.
    5. Ben aoun, Leila & Dubrocard, Anne, 2010. "TIC, innovation et effets perçus dans les entreprises luxembourgeoises
      [ICT, Innovation and perceived effects in Luxembourgish firms]
      ," MPRA Paper 28375, University Library of Munich, Germany.

  41. Augustin Landier & David Sraer & David Thesmar, 2005. "Bottom-Up Corporate Governance," Working Papers 2005-30, Center for Research in Economics and Statistics.

    Cited by:

    1. Sheikh, Shahbaz, 2018. "The impact of market competition on the relation between CEO power and firm innovation," Journal of Multinational Financial Management, Elsevier, vol. 44(C), pages 36-50.
    2. Francesco Lippi & Fabiano Schivardi, 2014. "Corporate control and executive selection," Quantitative Economics, Econometric Society, vol. 5, pages 417-456, July.
    3. Ahn, Seoungpil & Walker, Mark D., 2007. "Corporate governance and the spinoff decision," Journal of Corporate Finance, Elsevier, vol. 13(1), pages 76-93, March.
    4. Cioban (Lucan) Alexandra Narcisa, 2016. "The Influence Of The Corporate Governance Mechanisms And Audit Fees On The Financial Performance Measured With Roa," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 20-31, October.
    5. Peter Hahn & Meziane Lasfer, 2011. "The compensation of non-executive directors: rationale, form, and findings," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 15(4), pages 589-601, November.
    6. Nooraisah Katmon & Omar Al Farooque, 2017. "Exploring the Impact of Internal Corporate Governance on the Relation Between Disclosure Quality and Earnings Management in the UK Listed Companies," Journal of Business Ethics, Springer, vol. 142(2), pages 345-367, May.
    7. Ying Dou & Sidharth Sahgal & Emma Jincheng Zhang, 2015. "Should Independent Directors Have Term Limits? The Role of Experience in Corporate Governance," Financial Management, Financial Management Association International, vol. 44(3), pages 583-621, September.
    8. Troy D. Smith, 2015. "Private Equity Investment in India: Efficiency vs Expansion," Discussion Papers 15-011, Stanford Institute for Economic Policy Research.
    9. Jain, Pawan & Jiang, Christine & Mekhaimer, Mohamed, 2016. "Executives' horizon, internal governance and stock market liquidity," Journal of Corporate Finance, Elsevier, vol. 40(C), pages 1-23.
    10. D. G. DeBoskey & Yan Luo & Linying Zhou, 2019. "CEO power, board oversight, and earnings announcement tone," Review of Quantitative Finance and Accounting, Springer, vol. 52(2), pages 657-680, February.
    11. Rizzo, Emanuele, 2018. "Essays on corporate governance and the impact of regulation on financial markets," Other publications TiSEM b5158260-ea13-4763-b992-6, Tilburg University, School of Economics and Management.
    12. Tanja Artiga González & Markus Schmid & David Yermack, 2013. "Smokescreen: How Managers Behave When They Have Something To Hide," NBER Working Papers 18886, National Bureau of Economic Research, Inc.
    13. Sheikh, Shahbaz, 2018. "CEO power, product market competition and firm value," Research in International Business and Finance, Elsevier, vol. 46(C), pages 373-386.

  42. Sraer, David & Thesmar, David, 2004. "Performance and Behaviour of Family Firms: Evidence from the French Stock Market," CEPR Discussion Papers 4520, C.E.P.R. Discussion Papers.

    Cited by:

    1. De Cesari, Amedeo & Gonenc, Halit & Ozkan, Neslihan, 2016. "The effects of corporate acquisitions on CEO compensation and CEO turnover of family firms," Journal of Corporate Finance, Elsevier, vol. 38(C), pages 294-317.
    2. Ellul, Andrew & Pagano, Marco & Schivardi, Fabiano, 2015. "Employment and Wage Insurance within Firms: Worldwide Evidence," CEPR Discussion Papers 10711, C.E.P.R. Discussion Papers.
    3. Hamadi, Malika & Heinen, Andréas, 2015. "Firm performance when ownership is very concentrated: Evidence from a semiparametric panel," Journal of Empirical Finance, Elsevier, vol. 34(C), pages 172-194.
    4. Siala Bouaziz Souha & Jarboui Anis & David McMillan, 2016. "Corporate governance and firm characteristics as explanatory factors of shareholder activism: Validation through the French context," Cogent Economics & Finance, Taylor & Francis Journals, vol. 4(1), pages 1150407-115, December.
    5. Kölling, Arnd, 2016. "Family Firms and Labor Demand: Size Matters – But Only the Small Ones are Different," Annual Conference 2016 (Augsburg): Demographic Change 145471, Verein für Socialpolitik / German Economic Association.
    6. Francesco Aiello & Fernanda Ricotta, 2014. "Firm Heterogeneity In Productivity Across Europe. What Explains What?," Working Papers 201404, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.
    7. Bouzgarrou, Houssam & Navatte, Patrick, 2013. "Ownership structure and acquirers performance: Family vs. non-family firms," International Review of Financial Analysis, Elsevier, vol. 27(C), pages 123-134.
    8. Marco Cucculelli & Francesco Marchionne, 2009. "Market Opportunities and the Owner Identity. Are Family Firms different?," Mo.Fi.R. Working Papers 32, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    9. Laurent Bach & Nicolas Serrano-Velarde, 2009. "The Power of Dynastic Commitment," Working Papers 0924, Oxford University Centre for Business Taxation.
    10. Block, Jörn & Goerke, Laszlo & Millán, José María & Román, Concepción, 2014. "Family employees and absenteeism," Economics Letters, Elsevier, vol. 123(1), pages 94-99.
    11. Roberto Barontini & Stefano Bozzi, 2011. "Board compensation and ownership structure: empirical evidence for Italian listed companies," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 15(1), pages 59-89, February.
    12. Drago, Carlo & Ginesti, Gianluca & Pongelli, Claudia & Sciascia, Salvatore, 2018. "Reporting strategies: What makes family firms beat around the bush? Family-related antecedents of annual report readability," Journal of Family Business Strategy, Elsevier, vol. 9(2), pages 142-150.
    13. Bennedsen, Morten & Nielsen, Kasper & Pérez-González, Francisco & Wolfenzon, Daniel, 2005. "Inside the Family Firm," Working Papers 21-2005, Copenhagen Business School, Department of Economics.
    14. Bach, Laurent & Serrano-Velarde, Nicolas, 2015. "CEO identity and labor contracts: Evidence from CEO transitions," Journal of Corporate Finance, Elsevier, vol. 33(C), pages 227-242.
    15. François Belot & Timothée Waxin, 2017. "Labor Conflicts in French Workplaces: Does (the Type of) Family Control Matter?," Journal of Business Ethics, Springer, vol. 146(3), pages 591-617, December.
    16. Ampenberger, Markus & Schmid, Thomas & Achleitner, Ann-Kristin & Kaserer, Christoph, 2009. "Capital structure decisions in family firms: empirical evidence from a bank-based economy," CEFS Working Paper Series 2009-05, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS).
    17. Raoul Minetti & Pierluigi Murro & Monica Paiella, 2011. "Ownership structure, governance, and innovation: Evidence from Italy," Discussion Papers 1_2011, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
    18. Boucly, Quentin & Sraer, David & Thesmar, David, 2011. "Growth LBOs," Journal of Financial Economics, Elsevier, vol. 102(2), pages 432-453.
    19. Anderson, Ronald W. & Hamadi, Malika, 2009. "Large powerful shareholders and cash holding," LSE Research Online Documents on Economics 24422, London School of Economics and Political Science, LSE Library.
    20. Francesco Aiello & Fernanda Ricotta, 2016. "Firm heterogeneity in productivity across Europe: evidence from multilevel models," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 25(1), pages 57-89, January.
    21. Renata Lemos & Daniela Scur, 2018. "All in the Family? CEO Choice and Firm Organization," CEP Discussion Papers dp1528, Centre for Economic Performance, LSE.
    22. Oriana Bandiera & Luigi Guiso & Andrea Prat & Raffaella Sadun, 2015. "Matching Firms, Managers, and Incentives," Journal of Labor Economics, University of Chicago Press, vol. 33(3), pages 623-681.
    23. Di Cai & Jin-hui Luo & Di-fang Wan, 2012. "Family CEOs: Do they benefit firm performance in China?," Asia Pacific Journal of Management, Springer, vol. 29(4), pages 923-947, December.
    24. Magda Bianco & Maria Bontempi & Roberto Golinelli & Giuseppe Parigi, 2013. "Family firms’ investments, uncertainty and opacity," Small Business Economics, Springer, vol. 40(4), pages 1035-1058, May.
    25. Lidia Mannarino & Valeria Pupo & Fernanda Ricotta, 2016. "Family Firms And Productivity: The Role Of Institutional Quality," Working Papers 201605, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.
    26. D'Aurizio, Leandro & Oliviero, Tommaso & Romano, Livio, 2015. "Family firms, soft information and bank lending in a financial crisis," Journal of Corporate Finance, Elsevier, vol. 33(C), pages 279-292.
    27. Sonia Ruano & Robert M. Townsend & Jesus Saurina & Alexander Karaivanov, 2010. "No Bank, One Bank, Several Banks: Does It Matter for Investment?," 2010 Meeting Papers 669, Society for Economic Dynamics.
    28. Ruben Durante & Giovanna Labartino & Roberto Perotti, 2011. "Academic Dynasties: Decentralization and Familism in the Italian Academia," NBER Working Papers 17572, National Bureau of Economic Research, Inc.
    29. Gallego, Francisco & Larrain, Borja, 2012. "CEO compensation and large shareholders: Evidence from emerging markets," Journal of Comparative Economics, Elsevier, vol. 40(4), pages 621-642.
    30. Raoul Minetti & Pierluigi Murro & Susan Chun Zhu, 2014. "Family Firms, Corporate Governance and Export," CERBE Working Papers wpC03, CERBE Center for Relationship Banking and Economics.
    31. Maria Rosaria Carillo & Vincenzo Lombardo & Alberto Zazzaro, 2019. "The Rise and Fall of Family Firms in the Process of Development," CSEF Working Papers 521, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    32. Anderson, Ronald W. & Hamadi, Malika, 2016. "Cash holding and control-oriented finance," LSE Research Online Documents on Economics 68339, London School of Economics and Political Science, LSE Library.
    33. Pezone, Vincenzo, 2017. "Unemployment Risk and Payout Policies," MPRA Paper 83918, University Library of Munich, Germany.
    34. Andres, Christian, 2008. "Large shareholders and firm performance--An empirical examination of founding-family ownership," Journal of Corporate Finance, Elsevier, vol. 14(4), pages 431-445, September.
    35. Huang, Minjie & Li, Pingshu & Meschke, Felix & Guthrie, James P., 2015. "Family firms, employee satisfaction, and corporate performance," Journal of Corporate Finance, Elsevier, vol. 34(C), pages 108-127.
    36. Francisco Gallego & Borja Larraín, 2010. "CEO Compensation among Firms Controlled by Large Shareholders: Evidence from Emerging Markets," Documentos de Trabajo 379, Instituto de Economia. Pontificia Universidad Católica de Chile..
    37. Achleitner, Ann-Kristin & Kaserer, Christoph & Ampenberger, Markus & Bitsch, Florian, 2009. "The German entrepreneurial index (GEX®): a primer on an ownership-based style index in Germany," CEFS Working Paper Series 2009-13, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS).
    38. Gérard Charreaux & Peter Wirtz, 2007. "Corporate Governance in France," Working Papers CREGO 1070201, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations.
    39. David Thesmar & Mathias Thoenig, 2011. "Contrasting Trends in Firm Volatility," Post-Print hal-00635987, HAL.
    40. Weiping Liu & Haibin Yang & Guangxi Zhang, 2012. "Does family business excel in firm performance? An institution-based view," Asia Pacific Journal of Management, Springer, vol. 29(4), pages 965-987, December.
    41. Isakov, Dušan & Weisskopf, Jean-Philippe, 2014. "Are founding families special blockholders? An investigation of controlling shareholder influence on firm performance," Journal of Banking & Finance, Elsevier, vol. 41(C), pages 1-16.
    42. Nicolas Classen & Martin Carree & Anita Gils & Bettina Peters, 2014. "Innovation in family and non-family SMEs: an exploratory analysis," Small Business Economics, Springer, vol. 42(3), pages 595-609, March.
    43. Giacinta Cestone & Chiara Fumagalli & Francis Kramarz & Giovanni Pica, 2016. "Insurance Between Firms: The Role of Internal Labor Markets," Development Working Papers 397, Centro Studi Luca d'Agliano, University of Milano, revised 20 Jun 2016.
    44. Achleitner, Ann-Kristin & Kaserer, Christoph & Kauf, Tobias & Volk, Sarah, 2010. "DAXplus family: Ein Aktienindex zur Darstellung der Performance von Familienunternehmen
      [DAXplus Family – Primer on a family firm stock index in Germany]
      ," CEFS Working Paper Series 2010-05, Technische Universität München (TUM), Center for Entrepreneurial and Financial Studies (CEFS).
    45. Biais, Bruno & Mariotti, Thomas, 2008. "Credit, Wages and Bankruptcy Laws," IDEI Working Papers 289, Institut d'Économie Industrielle (IDEI), Toulouse.
    46. Backman, Mikaela & Palmberg, Johanna, 2015. "Contextualizing small family firms: How does the urban–rural context affect firm employment growth?," Journal of Family Business Strategy, Elsevier, vol. 6(4), pages 247-258.
    47. Vikas Mehrotra & Randall Morck & Jungwook Shim & Yupana Wiwattanakantang, 2011. "Adoptive Expectations: Rising Sons in Japanese Family Firms," NBER Working Papers 16874, National Bureau of Economic Research, Inc.
    48. Amore, Mario Daniele & Minichilli, Alessandro & Corbetta, Guido, 2011. "How do managerial successions shape corporate financial policies in family firms?," Journal of Corporate Finance, Elsevier, vol. 17(4), pages 1016-1027, September.
    49. Criscuolo, Chiara & Gal, Peter N. & Menon, Carlo, 2014. "The dynamics of employment growth: new evidence from 18 countries," LSE Research Online Documents on Economics 60286, London School of Economics and Political Science, LSE Library.
    50. Garcia-Castro, Roberto & Aguilera, Ruth V., 2014. "Family involvement in business and financial performance: A set-theoretic cross-national inquiry," Journal of Family Business Strategy, Elsevier, vol. 5(1), pages 85-96.
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    50. Kukenova, Madina, 2011. "Financial liberalization and allocative dfficiency of capital," Policy Research Working Paper Series 5670, The World Bank.
    51. Kogler, Michael & Keuschnigg, Christian, 2017. "Schumpeterian Banks: Credit Reallocation and Capital Requirements," Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168229, Verein für Socialpolitik / German Economic Association.
    52. Carletti, Elena & Ongena, Steven & Siedlarek, Jan-Peter & Spagnolo, Giancarlo, 2019. "The Impact of Stricter Merger Control on Bank Mergers and Acquisitions. Too-Big-To-Fail and Competition," Working Papers 161402, Federal Reserve Bank of Cleveland.
    53. Wang, Teng, 2015. "Bank Entry Mode, Labor Market Flexibility and Economic Activity," HIT-REFINED Working Paper Series 25, Institute of Economic Research, Hitotsubashi University.
    54. A. Hackethal & M. Koetter & O. Vins, 2012. "Do government owned banks trade market power for slack?," Applied Economics, Taylor & Francis Journals, vol. 44(33), pages 4275-4290, November.
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    56. Masami Imai & Seitaro Takarabe, 2009. "Bank Integration and Local Credit Cycle:Evidence from Japan," Wesleyan Economics Working Papers 2009-002, Wesleyan University, Department of Economics.
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    58. Manuel Illueca & Lars Norden & Gregory F. Udell, 2014. "Liberalization and Risk-Taking: Evidence from Government-Controlled Banks," Review of Finance, European Finance Association, vol. 18(4), pages 1217-1257.
    59. Lin, Huidan, 2011. "Foreign bank entry and firms' access to bank credit: Evidence from China," Journal of Banking & Finance, Elsevier, vol. 35(4), pages 1000-1010, April.
    60. Cacciatore, Matteo & Ghironi, Fabio & Stebunovs, Viktors, 2014. "The Domestic and International Effects of Interstate U.S. Banking," CEPR Discussion Papers 9973, C.E.P.R. Discussion Papers.
    61. William R. Kerr & Ramana Nanda, 2009. "Financing Constraints and Entrepreneurship," Harvard Business School Working Papers 10-013, Harvard Business School.
    62. Thierry Tressel & Enrica Detragiache, 2008. "Do Financial Sector Reforms Lead to Financial Development? Evidence from a New Dataset," IMF Working Papers 08/265, International Monetary Fund.
    63. Papaioannou, Elias, 2007. "Finance and growth: a macroeconomic assessment of the evidence from a European angle," Working Paper Series 787, European Central Bank.
    64. Tullio Jappelli & Marco Pagano, 2008. "Financial Market Integration under EMU," European Economy - Economic Papers 2008 - 2015 312, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    65. Cetorelli, Nicola & Peretto, Pietro F., 2012. "Credit quantity and credit quality: Bank competition and capital accumulation," Journal of Economic Theory, Elsevier, vol. 147(3), pages 967-998.
    66. Antoni, Manfred & Koetter, Michael & Müller, Steffen & Sondershaus, Talina, 2019. "Do asset purchase programmes shape industry dynamics? Evidence from the ECB's SMP on plant entries and exits," IWH Discussion Papers 12/2019, Halle Institute for Economic Research (IWH).
    67. James B. Ang, 2007. "A Survey Of Recent Developments In The Literature Of Finance And Growth," Monash Economics Working Papers 03-07, Monash University, Department of Economics.
    68. Schröder, Michael & Borell, Mariela & Gropp, Reint & Iliewa, Zwetelina & Jaroszek, Lena & Lang, Gunnar & Schmidt, Sandra & Trela, Karl, 2012. "The role of investment banking for the German economy: Final report for Deutsche Bank AG, Frankfurt/Main," ZEW Dokumentationen 12-01, ZEW - Leibniz Centre for European Economic Research.
    69. Hans Degryse & Sanja Jakovljević & Steven Ongena, 2015. "A Review of Empirical Research on the Design and Impact of Regulation in the Banking Sector," Annual Review of Financial Economics, Annual Reviews, vol. 7(1), pages 423-443, December.
    70. Antoinette Schoar, 2010. "The Divide between Subsistence and Transformational Entrepreneurship," Innovation Policy and the Economy, University of Chicago Press, vol. 10(1), pages 57-81.
    71. Teng Wang, 2017. "To Build or to Buy? The Role of Local Information in Credit Market Development," Finance and Economics Discussion Series 2017-013, Board of Governors of the Federal Reserve System (US).
    72. Michiel Bijlsma & Andrei Dubovik, 2014. "Banks, Financial Markets and Growth in Developed Countries: a Survey of the empirical literature," CPB Discussion Paper 266, CPB Netherlands Bureau for Economic Policy Analysis.
    73. Giannetti, Mariassunta & Ongena, Steven, 2012. "“Lending by example”: Direct and indirect effects of foreign banks in emerging markets," Journal of International Economics, Elsevier, vol. 86(1), pages 167-180.
    74. Maria Bas & Antoine Berthou, 2012. "The Unequal Effects of Financial Development on Firms' Growth in India," Working Papers 2012-22, CEPII research center.
    75. Ghosh, Chinmoy & Hilliard, James & Petrova, Milena & Phani, B.V., 2016. "Economic consequences of deregulation: Evidence from the removal of voting cap in Indian banks," Journal of Banking & Finance, Elsevier, vol. 72(S), pages 19-38.
    76. Allen, Franklin & Gu, Xian & Kowalewski, Oskar, 2018. "Financial Structure, Economic Growth and Development," CEPR Discussion Papers 12859, C.E.P.R. Discussion Papers.
    77. Demirguc-Kunt, Asli, 2006. "Finance and economic development : policy choices for developing countries," Policy Research Working Paper Series 3955, The World Bank.
    78. Cubillas, Elena & González, Francisco, 2014. "Financial liberalization and bank risk-taking: International evidence," Journal of Financial Stability, Elsevier, vol. 11(C), pages 32-48.
    79. Braggion, Fabio & Ongena, Steven, 2013. "A Century of Firm – Bank Relationships: Did Banking Sector Deregulation Spur Firms to Add Banks and Borrow More?," CEPR Discussion Papers 9695, C.E.P.R. Discussion Papers.
    80. P. Beaumont, 2017. "Time is Money: Cash-Flow Risk and Export Market Behavior," Documents de Travail de l'Insee - INSEE Working Papers g2017-10, Institut National de la Statistique et des Etudes Economiques.
    81. Francesca Lotti & Francesco Manaresi, 2015. "Finance and creative destruction: evidence for Italy," Questioni di Economia e Finanza (Occasional Papers) 299, Bank of Italy, Economic Research and International Relations Area.
    82. Christian Keuschnigg & Michael Kogler, 2018. "Trade and Credit Reallocation: How Banks Help Shape Comparative Advantage," CESifo Working Paper Series 7398, CESifo Group Munich.
    83. Zheng, Ying & Zhu, Yuande, 2013. "Bank lending incentives and firm investment decisions in China," Journal of Multinational Financial Management, Elsevier, vol. 23(3), pages 146-165.
    84. Giovanni Dosi & Marcelo C. Pereira & Andrea Roventini & Maria Enrica Virgillito, 2017. "Causes and Consequences of Hysteresis: Aggregate Demand, Productivity and Employment," LEM Papers Series 2017/07, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    85. Popov, Alexander, 2017. "Evidence on finance and economic growth," Working Paper Series 2115, European Central Bank.
    86. Miriam Bruhn & Dean Karlan & Antoinette Schoar, 2010. "What Capital Is Missing in Developing Countries?," American Economic Review, American Economic Association, vol. 100(2), pages 629-633, May.
    87. Peter Egger & Sebastian Kunert & Tobias Seidel, 2018. "The Competitive Effects of Credit Constraints in the Global Economy," Economica, London School of Economics and Political Science, vol. 85(340), pages 771-792, October.
    88. Johan Hombert & Antoinette Schoar & David Sraer & David Thesmar, 2014. "Can Unemployment Insurance Spur Entrepreneurial Activity?," NBER Working Papers 20717, National Bureau of Economic Research, Inc.
    89. Laurent Bach, 2015. "Do better entrepreneurs avoid more taxes?," Working Papers 1517, Oxford University Centre for Business Taxation.
    90. Shusen Qi & Steven Ongena, 2019. "Will Money Talk? Firm Bribery and Credit Access," Financial Management, Financial Management Association International, vol. 48(1), pages 117-157, March.
    91. Jadiyappa, Nemiraja & Vanga, Nagi Reddy & Krishnankutty, Raveesh, 2016. "Financial liberalisation and Capital structuring decisions of corporate firms: Evidence from India," Economics Letters, Elsevier, vol. 149(C), pages 33-37.
    92. Evgeni Peev, 2015. "Institutions, economic liberalization and firm growth: evidence from European transition economies," European Journal of Law and Economics, Springer, vol. 40(1), pages 149-174, August.
    93. Nicola Cetorelli, 2009. "Credit Market Competition and the Nature of Firms," Working Papers 09-07, Center for Economic Studies, U.S. Census Bureau.
    94. Haselmann, Rainer & Schoenherr, David & Vig, Vikrant, 2017. "Rent-seeking in elite networks," SAFE Working Paper Series 132, Research Center SAFE - Sustainable Architecture for Finance in Europe, Goethe University Frankfurt.
    95. Tara Rice & Philip E. Strahan, 2008. "Does credit supply affect small-firm finance?," Finance and Economics Discussion Series 2008-54, Board of Governors of the Federal Reserve System (US).
    96. Hossain, Mahmud & Mitra, Santanu & Rezaee, Zabihollah, 2013. "Auditing regulations and bank shareholders’ wealth: An international analysis," Research in Accounting Regulation, Elsevier, vol. 25(2), pages 252-257.
    97. Gábor Pellényi & Tamás Borkó, 2009. "Bank Competition and Firm Growth in the Enlarged European Union," Working Paper / FINESS 5.1, DIW Berlin, German Institute for Economic Research.
    98. Ayyagari,Meghana & Demirguc-Kunt,Asli & Maksimovic,Vojislav, 2015. "What determines entrepreneurial outcomes in emerging markets ? the role of initial conditions," Policy Research Working Paper Series 7207, The World Bank.
    99. Antonio Ciccone & Elias Papaioannou, 2016. "Estimating Cross-Industry Cross-Country Interaction Models Using Benchmark Industry Characteristics," NBER Working Papers 22368, National Bureau of Economic Research, Inc.
    100. Randall S. Kroszner & Philip E. Strahan, 2014. "Regulation and Deregulation of the U.S. Banking Industry: Causes, Consequences, and Implications for the Future," NBER Chapters,in: Economic Regulation and Its Reform: What Have We Learned?, pages 485-543 National Bureau of Economic Research, Inc.
    101. Prasad Krishnamurthy, . "Banking Deregulation, Local Credit Supply, and Small Business Growth," Journal of Law and Economics, University of Chicago Press, vol. 58(4).
    102. Lööf, Hans & Martinsson, Gustav & Mohammadi, Ali, 2017. "Finance and Innovative Investment in Environmental Technology: The Case of Sweden," Working Paper Series in Economics and Institutions of Innovation 445, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    103. Shaikh, Aijaz A. & Glavee-Geo, Richard & Karjaluoto, Heikki, 2017. "Exploring the nexus between financial sector reforms and the emergence of digital banking culture – Evidences from a developing country," Research in International Business and Finance, Elsevier, vol. 42(C), pages 1030-1039.
    104. Espen Bratberg & Kjell G. Salvanes & Kjell Vaage, 2010. "Has Job Stability Decreased? Population Data from a Small Open Economy," Scandinavian Journal of Economics, Wiley Blackwell, vol. 112(1), pages 163-183, March.
    105. Sofiane Aboura & Emmanuel Lépinette, 2013. "An Alternative Model to Basel Regulation," Working Papers hal-00825018, HAL.
    106. Labrinidis, George, 2018. "The roots of the Euro," MPRA Paper 86560, University Library of Munich, Germany.
    107. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2006. "The Cost of Banking Regulation," NBER Working Papers 12501, National Bureau of Economic Research, Inc.
    108. Ağca, Şenay & De Nicolò, Gianni & Detragiache, Enrica, 2013. "Banking sector reforms and corporate leverage in emerging markets," Emerging Markets Review, Elsevier, vol. 17(C), pages 125-149.
    109. Firth, Michael & Lin, Chen & Wong, Sonia M.L., 2008. "Leverage and investment under a state-owned bank lending environment: Evidence from China," Journal of Corporate Finance, Elsevier, vol. 14(5), pages 642-653, December.
    110. Massa, Massimo & Zhang, Lei, 2015. "Fire Sales and Information Advantage: When Informed Investor Helps," CEPR Discussion Papers 10536, C.E.P.R. Discussion Papers.
    111. Trunin, Pavel (Трунин, Павел), 2015. "Analysis of the Level of Development of the Financial System in the Russian Federation
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      ," Published Papers mn38, Russian Presidential Academy of National Economy and Public Administration.
    112. Pan, Xiaofei & Tian, Gary Gang, 2015. "Does banks’ dual holding affect bank lending and firms’ investment decisions? Evidence from China," Journal of Banking & Finance, Elsevier, vol. 55(C), pages 406-424.
    113. Lena Suchanek, 2009. "Labour Shares and the Role of Capital and Labour Market Imperfections," Discussion Papers 09-2, Bank of Canada.
    114. Keuschnigg, Christian & Kogler, Michael, 2017. "Schumpeterian Banks: Credit Reallocation and Capital Structure," CEPR Discussion Papers 12443, C.E.P.R. Discussion Papers.
    115. Lee, Chien-Chiang & Chang, Chi-Hung, 2015. "Financial policy and insurance development: Do financial reforms matter and how?," International Review of Economics & Finance, Elsevier, vol. 38(C), pages 258-278.
    116. Goldman, Jim & Peress, Jo�l, 2017. "Firm R&D and Financial Analysis: How Do They Interact?," CEPR Discussion Papers 12433, C.E.P.R. Discussion Papers.
    117. Liu, Guy & Mirzaei, Ali & Vandoros, Sotiris, 2014. "The impact of bank competition and concentration on industrial growth," Economics Letters, Elsevier, vol. 124(1), pages 60-63.
    118. Ogura, Yoshiaki, 2012. "Lending competition and credit availability for new firms: Empirical study with the price cost margin in regional loan markets," Journal of Banking & Finance, Elsevier, vol. 36(6), pages 1822-1838.

  44. Thesmar, David & Thoenig, Mathias, 2004. "Financial Market Development and the Rise in Firm Level Uncertainty," CEPR Discussion Papers 4761, C.E.P.R. Discussion Papers.

    Cited by:

    1. Ellul, Andrew & Pagano, Marco & Schivardi, Fabiano, 2015. "Employment and Wage Insurance within Firms: Worldwide Evidence," CEPR Discussion Papers 10711, C.E.P.R. Discussion Papers.
    2. Buch, Claudia M. & Lipponer, Alexander, 2010. "Volatile multinationals? Evidence from the labor demand of German firms," Labour Economics, Elsevier, vol. 17(2), pages 345-353, April.
    3. Diego Comin & Sunil Mulani, 2005. "A Theory of Growth and Volatility at the Aggregate and Firm Level," NBER Working Papers 11503, National Bureau of Economic Research, Inc.
    4. Claudio Michelacci & Fabiano Schivardi, 2010. "Does Idiosyncratic Business Risk Matter?," Working Papers CELEG 1002, Dipartimento di Economia e Finanza, LUISS Guido Carli.
    5. Pengfei Wang & Yi Wen, 2009. "Financial development and economic volatility: a unified explanation," Working Papers 2009-022, Federal Reserve Bank of St. Louis.
    6. Marco Pagano & Giovanni Pica, 2011. "Finance and Employment," CSEF Working Papers 283, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    7. Coeurdacier, Nicolas, 2008. "Do Trade Costs in Goods Market Lead to Home Bias in Equities?," CEPR Discussion Papers 6991, C.E.P.R. Discussion Papers.
    8. Che, Natasha Xingyuan, 2009. "The great dissolution: organization capital and diverging volatility puzzle," MPRA Paper 13701, University Library of Munich, Germany.
    9. Thibault Darcillon, 2016. "Do Interactions between Finance and Labour Market Institutions Affect the Income Distribution?," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01248984, HAL.
    10. García-Vega, María & Guariglia, Alessandra & Spaliara, Marina-Eliza, 2012. "Volatility, financial constraints, and trade," International Review of Economics & Finance, Elsevier, vol. 21(1), pages 57-76.
    11. Amable, Bruno & Demmou, Lilas & Gatti, Donatella, 2007. "Employment Performance and Institutions: New Answers to an Old Question," IZA Discussion Papers 2731, Institute of Labor Economics (IZA).
    12. Buch, Claudia M. & Döpke, Jörg & Stahn, Kerstin, 2008. "Great moderation at the firm level? Unconditional versus conditional output volatility," Discussion Paper Series 1: Economic Studies 2008,13, Deutsche Bundesbank.
    13. Strotmann, Harald & Döpke, Jörg & Buch, Claudia M., 2006. "Does trade openness increase firm-level volatility?," Discussion Paper Series 1: Economic Studies 2006,40, Deutsche Bundesbank.
    14. Diego Comin & Thomas Philippon, 2005. "The Rise in Firm-Level Volatility: Causes and Consequences," NBER Working Papers 11388, National Bureau of Economic Research, Inc.
    15. Andrea Bassanini & Luca Nunziata & Danielle Venn, 2009. "Job protection legislation and productivity growth in OECD countries," Economic Policy, CEPR;CES;MSH, vol. 24, pages 349-402, April.
    16. Shalini Mitra, 2012. "Does Financial Development Cause Higher Firm Volatility and Lower Aggregate Volatility?," Working papers 2012-07, University of Connecticut, Department of Economics.
    17. J. Christina Wang, 2006. "Financial innovations, idiosyncratic risk, and the joint evolution of real and financial volatilities," Proceedings, Federal Reserve Bank of San Francisco, issue Nov.

  45. Landier, Augustin & Thesmar, David, 2003. "Financial Contracting with Optimistic Entrepreneurs: Theory and Evidence," CEPR Discussion Papers 3971, C.E.P.R. Discussion Papers.

    Cited by:

    1. Manju Puri & David Robinson, 2005. "Optimism and Economic Choice," NBER Working Papers 11361, National Bureau of Economic Research, Inc.
    2. Malmendier, Ulrike M. & Tate, Geoffrey, 2003. "Who Makes Acquisitions? CEO Overconfidence and the Market's Reaction," Research Papers 1798, Stanford University, Graduate School of Business.
    3. Karel Janda, 2006. "Lender and Borrower as Principal and Agent," Working Papers IES 2006/24, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jul 2006.
    4. Cumming, Douglas J., 2005. "Capital structure in venture finance," Journal of Corporate Finance, Elsevier, vol. 11(3), pages 550-585, June.
    5. Hyytinen, Ari & Pajarinen, Mika, 2005. "Why Are All New Entrepreneurs Better Than Average? Evidence from Subjective Failure Rate Expectations," Discussion Papers 987, The Research Institute of the Finnish Economy.
    6. Winton, Andrew & Yerramilli, Vijay, 2008. "Entrepreneurial finance: Banks versus venture capital," Journal of Financial Economics, Elsevier, vol. 88(1), pages 51-79, April.
    7. John Armour & Douglas Cumming, 2005. "Bankruptcy Law and Entrepreneurship," Working Papers wp300, Centre for Business Research, University of Cambridge.
    8. Inderst, Roman, 2006. "Consumer Lending When Lenders are More Sophisticated Than Households," CEPR Discussion Papers 5410, C.E.P.R. Discussion Papers.
    9. Robert A. Lowe & Arvids A. Ziedonis, 2006. "Overoptimism and the Performance of Entrepreneurial Firms," Management Science, INFORMS, vol. 52(2), pages 173-186, February.
    10. HansK. Hvide, 2009. "The Quality of Entrepreneurs," Economic Journal, Royal Economic Society, vol. 119(539), pages 1010-1035, July.
    11. de Mel, Suresh & McKenzie, David & Woodruff, Christopher, 2008. "Who Are the Microenterprise Owners? Evidence from Sri Lanka on Tokman v. de Soto," IZA Discussion Papers 3511, Institute of Labor Economics (IZA).
    12. Gilpatric, Scott M., 2008. "Present-biased preferences, self-awareness and shirking," Journal of Economic Behavior & Organization, Elsevier, vol. 67(3-4), pages 735-754, September.
    13. Hvide, Hans K & Møen, Jarle, 2007. "Liquidity Constraints and Entrepreneurial Performance," CEPR Discussion Papers 6495, C.E.P.R. Discussion Papers.
    14. Santos-Pinto, Luís, 2003. "Positive self-image in tournaments," MPRA Paper 3140, University Library of Munich, Germany, revised 27 Feb 2007.
    15. Alvaro Sandroni & Francesco Squintani, 2007. "Overconfidence, Insurance, and Paternalism," American Economic Review, American Economic Association, vol. 97(5), pages 1994-2004, December.
    16. Josh Lerner & Ulrike Malmendier, 2011. "With a Little Help from My (Random) Friends: Success and Failure in Post-Business School Entrepreneurship," NBER Working Papers 16918, National Bureau of Economic Research, Inc.
    17. Malcolm Baker & Richard S. Ruback & Jeffrey Wurgler, 2004. "Behavioral Corporate Finance: A Survey," NBER Working Papers 10863, National Bureau of Economic Research, Inc.
    18. Bruno Biais & Denis Hilton & Karine Mazurier & Sébastien Pouget, 2005. "Judgemental Overconfidence, Self-Monitoring, and Trading Performance in an Experimental Financial Market," Review of Economic Studies, Oxford University Press, vol. 72(2), pages 287-312.
    19. Van den Steen, Eric, 2005. "Too Motivated?," Working papers 18180, Massachusetts Institute of Technology (MIT), Sloan School of Management.
    20. Hvide, Hans K., 2004. "Firm Size and the Quality of Entrepreneurs," Discussion Papers 2004/9, Norwegian School of Economics, Department of Business and Management Science.

  46. Maurin, Eric & Thesmar, David, 2003. "Changes in the Functional Structure of Firms and the Demand for Skill," CEPR Discussion Papers 3831, C.E.P.R. Discussion Papers.

    Cited by:

    1. M. Piva & E. Santarelli & M. Vivarelli, 2003. "The Skill Bias Effect of Technological and Organisational Change: Evidenceand Policy Implications," Working Papers 486, Dipartimento Scienze Economiche, Universita' di Bologna.
    2. David, Benjamin, 2017. "Computer technology and probable job destructions in Japan: An evaluation," Journal of the Japanese and International Economies, Elsevier, vol. 43(C), pages 77-87.
    3. Eva Moreno-Galbis & Thepthida Sopraseuth, 2014. "Job polarization in aging economies," Post-Print hal-01463914, HAL.
    4. Givord, Pauline & Maurin, Eric, 2004. "Changes in job security and their causes: An empirical analysis for France, 1982-2002," European Economic Review, Elsevier, vol. 48(3), pages 595-615, June.
    5. Cörvers, Frank & Dupuy, Arnaud, 2009. "Estimating Employment Dynamics across Occupations and Sectors of Industry," IZA Discussion Papers 4428, Institute of Labor Economics (IZA).
    6. Eric Maurin & David Thesmar, 2004. "Changes in the Functional Structure of Firms and the Demand for Skill," Post-Print hal-00485605, HAL.
    7. W. Smits, 2006. "The Quality of Apprenticeship Training," Education Economics, Taylor & Francis Journals, vol. 14(3), pages 329-344.
    8. Eliza Forsythe, 2018. "The Occupational Structures of Low- and High-Wage Service Sector Establishments," Upjohn Working Papers and Journal Articles 18-292, W.E. Upjohn Institute for Employment Research.
    9. Pierre-Jean Messe & Eva Moreno-Galbis & François-Charles Wolf, 2014. "Retirement intentions in the presence of technological change: Theory and evidence from France," TEPP Working Paper 2014-04, TEPP.
    10. Dessein, Wouter & Santos, Jesus, 2003. "The Demand for Coordination," CEPR Discussion Papers 4096, C.E.P.R. Discussion Papers.
    11. James Harrigan & Ariell Reshef & Farid Toubal, 2016. "The March of the Techies: Technology, Trade, and Job Polarization in France, 1994-2007," Working Papers 2016-15, CEPII research center.
    12. Benjamin David, 2015. "Computer technology and probable job destructions in Japan: an evaluation," EconomiX Working Papers 2015-28, University of Paris Nanterre, EconomiX.
    13. Chéron, Arnaud & Langot, François & Moreno-Galbis, Eva, 2007. "The “Dynamic” of Job Competition during the ICT Revolution," IZA Discussion Papers 2671, Institute of Labor Economics (IZA).
    14. Yesim Ucdogruk, 2006. "Employment Impact of Product and Process Innovations in Turkey," Ege Academic Review, Ege University Faculty of Economics and Administrative Sciences, vol. 6(1), pages 87-99.
    15. Givord, Pauline & Maurin, Eric, 2003. "Job Tenure, Wages and Technology: A Reassessment Using Matched Worker-Firm Panel Data," CEPR Discussion Papers 4147, C.E.P.R. Discussion Papers.
    16. Carlos Henrique Corseuil & Hidehiko Ichimura, 2006. "New Evidences on What Job Creation and Job Destruction Represent," Discussion papers 06023, Research Institute of Economy, Trade and Industry (RIETI).
    17. Michael Mesch, 2007. "Die Berufsstruktur der Beschäftigung in Wien 1991-2001," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 33(1), pages 41-72.
    18. Defever, Fabrice, 2006. "Functional fragmentation and the location of multinational firms in the enlarged Europe," Regional Science and Urban Economics, Elsevier, vol. 36(5), pages 658-677, September.
    19. DiPrete, Thomas A. & Goux, Dominique & Maurin, Eric & Quesnel-Vallée, Amélie, 2003. "Work and pay in flexible and regulated labor markets: A generalized perspective on institutional evolution and inequality trends in Europe and the US," Discussion Papers, Research Unit: Labor Market Policy and Employment SP I 2003-109, WZB Berlin Social Science Center.
    20. Benjamin David, 2014. "Contribution of ICT on Labor Market Polarization: an Evolutionary Approach," EconomiX Working Papers 2014-25, University of Paris Nanterre, EconomiX.
    21. Martine Carre & David Drouot, 2004. "Pace versus Type: The Effect of Economic Growth on Unemployment and Wage Patterns," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 7(3), pages 737-757, July.

  47. Maurin, Eric & Thesmar, David & Thoenig, Mathias, 2002. "Globalization and the demand for skill: An Export Based Channel," CEPR Discussion Papers 3406, C.E.P.R. Discussion Papers.

    Cited by:

    1. Boddin, Dominik & Henze, Philipp, 2015. "International trade and the occupational mix in manufacturing: Evidence from german micro data," Economics Working Papers 2015-05, Christian-Albrechts-University of Kiel, Department of Economics.
    2. Verhoogen, Eric A, 2007. "Trade, Quality Upgrading and Wage Inequality in the Mexican Manufacturing Sector," CEPR Discussion Papers 6385, C.E.P.R. Discussion Papers.
    3. Albert Park & Dean Yang & Xinzheng Shi & Yuan Jiang, 2006. "Exporting and Firm Performance: Chinese Exporters and the Asian Financial Crisis," Working Papers 549, Research Seminar in International Economics, University of Michigan.
    4. Mathias Thoenig & Thierry Verdier, 2003. "A Theory of Defensive Skill-Biased Innovation and Globalization," American Economic Review, American Economic Association, vol. 93(3), pages 709-728, June.
    5. Francesco Serti & Chiara Tomasi & Antonello Zanfei, 2007. "Exporters, Importers and Two-way Traders: the Links between Internationalization, Skills and Wages," Working Papers 0713, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2007.
    6. Volker Nocke & Stephen Yeaple, 2004. "Mergers and the Composition of International Commerce," NBER Working Papers 10405, National Bureau of Economic Research, Inc.
    7. Pamina Koenig, 2005. "Agglomeration and the Export Decision of French Firms," Working Papers 2005-02, Center for Research in Economics and Statistics.
    8. Alcala, Francisco & Hernandez, Pedro J., 2009. "Firms' Main Market, Human Capital and Wages," MPRA Paper 19403, University Library of Munich, Germany, revised 2009.
    9. Bodart, Vincent & Carpantier, Jean-François, 2016. "Real exchange rates and skills," Journal of International Money and Finance, Elsevier, vol. 67(C), pages 305-319.
    10. Lee, Donghyun, 2017. "Cross-border mergers and acquisitions with heterogeneous firms: Technology vs. market motives," The North American Journal of Economics and Finance, Elsevier, vol. 42(C), pages 20-37.
    11. James Harrigan & Ariell Reshef & Farid Toubal, 2016. "The March of the Techies: Technology, Trade, and Job Polarization in France, 1994-2007," Working Papers 2016-15, CEPII research center.
    12. Svaleryd, Helena & Vlachos, Jonas, 2005. "Factor Supplies and the Direction of Technical Change," Working Paper Series 640, Research Institute of Industrial Economics.
    13. Qiu, Larry D., 2010. "Cross-border mergers and strategic alliances," European Economic Review, Elsevier, vol. 54(6), pages 818-831, August.
    14. Maria Bas, 2008. "Trade, Technology Adoption and Wage Inequalities: Theory and Evidence," CEP Discussion Papers dp0902, Centre for Economic Performance, LSE.
    15. Kiminori Matsuyama, 2007. "Beyond Icebergs: Towards a Theory of Biased Globalization," Review of Economic Studies, Oxford University Press, vol. 74(1), pages 237-253.
    16. Bas, Maria, 2008. "Trade, technology adoption and wage inequalities: theory and evidence," LSE Research Online Documents on Economics 28513, London School of Economics and Political Science, LSE Library.
    17. Andrew J. Cassey, 2014. "The Location of US States' Overseas Offices," Review of International Economics, Wiley Blackwell, vol. 22(2), pages 310-325, May.
    18. Spyros Arvanitis & Euripidis N. Loukis, 2009. "Employee education, information and communication technology, workplace organization and trade," KOF Working papers 09-234, KOF Swiss Economic Institute, ETH Zurich.
    19. Patrick Artus, 2006. "Intégration commerciale avec des pays émergents ayant des ressources importantes en main-d'œuvre qualifiée. Quels effets pour les pays européens ?," Revue économique, Presses de Sciences-Po, vol. 57(4), pages 673-704.
    20. Nocke, Volker & Yeaple, Stephen, 2007. "Cross-border mergers and acquisitions vs. greenfield foreign direct investment: The role of firm heterogeneity," Journal of International Economics, Elsevier, vol. 72(2), pages 336-365, July.
    21. Svaleryd, Helena & Vlachos, Jonas, 2005. "Factor Supplies and the Direction of Technological Change," CEPR Discussion Papers 5086, C.E.P.R. Discussion Papers.
    22. Alcala, Francisco & Hernandez, Pedro J., 2005. "Firm characteristics, labor sorting, and wages," MPRA Paper 1226, University Library of Munich, Germany, revised 17 Nov 2006.

  48. Thesmar, David & Thoenig, Mathias, 2002. "Time Based Competition and Innovation," CEPR Discussion Papers 3293, C.E.P.R. Discussion Papers.

    Cited by:

    1. Elisa Rancati, 2005. "Global Markets and Time-Based Competition," Symphonya. Emerging Issues in Management, University of Milano-Bicocca, issue 2 Over-Su.
    2. David Fairris & Philippe Askenazy, 2010. "Works Councils and Firm Productivity in France," Journal of Labor Research, Springer, vol. 31(3), pages 209-229, September.

  49. David Thesmar & Thierry Magnac, 2002. "Identifying dynamic discrete choice models," Post-Print hal-00538062, HAL.

    Cited by:

    1. Abbring, Jaap H., 2003. "Dynamic Econometric Program Evaluation," IZA Discussion Papers 804, Institute of Labor Economics (IZA).
    2. Jaap H. Abbring & Jeffrey R. Campbell, 2003. "A Structural Empirical Model of Firm Growth, Learning, and Survival," NBER Working Papers 9712, National Bureau of Economic Research, Inc.
    3. Christine L. Carroll & Colin A. Carter & Rachael E. Goodhue & C.-Y. Cynthia Lin Lawell, 2018. "Crop Disease and Agricultural Productivity: Evidence From a Dynamic Structural Model of Verticillium Wilt Management," NBER Chapters,in: Agricultural Productivity and Producer Behavior National Bureau of Economic Research, Inc.
    4. Guofang Huang & Ahmed Khwaja & K. Sudhir, 2012. "Short Run Needs and Long Term Goals: A Dynamic Model of Thirst Management," Cowles Foundation Discussion Papers 1856, Cowles Foundation for Research in Economics, Yale University.
    5. Jaap H. Abbring & {O}ystein Daljord, 2018. "Identifying the Discount Factor in Dynamic Discrete Choice Models," Papers 1808.10651, arXiv.org, revised Aug 2019.
    6. Abbring, Jaap H & Daljord, Øystein, 2016. "Identifying the Discount Factor in Dynamic Discrete Choice Models," CEPR Discussion Papers 11133, C.E.P.R. Discussion Papers.
    7. Doug J. Chung & Thomas Steenburgh & K. Sudhir, 2014. "Do Bonuses Enhance Sales Productivity? A Dynamic Structural Analysis of Bonus-Based Compensation Plans," Marketing Science, INFORMS, vol. 33(2), pages 165-187, March.
    8. Hema Yoganarasimhan, 2013. "The Value of Reputation in an Online Freelance Marketplace," Marketing Science, INFORMS, vol. 32(6), pages 860-891, November.
    9. Christine L. Carroll & Colin A. Carter & Rachael E. Goodhue & C.-Y. Cynthia Lin Lawell, 2017. "Crop Disease and Agricultural Productivity," NBER Working Papers 23513, National Bureau of Economic Research, Inc.
    10. Guofang Huang & Ahmed Khwaja & K. Sudhir, 2015. "Short-Run Needs and Long-Term Goals: A Dynamic Model of Thirst Management," Marketing Science, INFORMS, vol. 34(5), pages 702-721, September.

  50. Thesmar, David & Thoenig, Mathias, 2002. "Why is a Flexible World More Insecure? The Way Outsourcing Amplifies Uncertainty," CEPR Discussion Papers 3629, C.E.P.R. Discussion Papers.

    Cited by:

    1. Fred Robert-Nicoud (University of Geneva) & Niko Matouschek & Paolo Ramezzana (University of Virginia), 2004. "Labor Market Frictions, Job Insecurity and the Flexibility of the Employment Relationship," Econometric Society 2004 Australasian Meetings 52, Econometric Society.
    2. Niko Matouschek & Paolo Ramezzana, 2004. "Labor Market Frictions, Job Insecurity, and the Flexibility of the Employment Relationship," Econometric Society 2004 North American Summer Meetings 28, Econometric Society.

  51. David Thesmar & Mathias Thoenig, 2000. "Creative Destruction and Organization Change," Post-Print hal-00538064, HAL.

    Cited by:

    1. Nicholas Bloom & John Van Reenen, 2010. "Human Resource Management and Productivity," NBER Working Papers 16019, National Bureau of Economic Research, Inc.

  52. David Thesmar & Mathias Thoenig, 2000. "Creative Destruction and Firm Organization Choice," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00485579, HAL.

    Cited by:

    1. David H. Autor & Frank Levy & Richard J. Murnane, 2001. "The Skill Content of Recent Technological Change: An Empirical Exploration," NBER Working Papers 8337, National Bureau of Economic Research, Inc.
    2. Volker Grossmann, 2005. "White-collar employment, inequality, and technological change," Journal of Economics, Springer, vol. 86(1), pages 119-142, December.
    3. Nicholas Bloom & John Van Reenen, 2010. "Human Resource Management and Productivity," NBER Working Papers 16019, National Bureau of Economic Research, Inc.
    4. M. Piva & E. Santarelli & M. Vivarelli, 2003. "The Skill Bias Effect of Technological and Organisational Change: Evidenceand Policy Implications," Working Papers 486, Dipartimento Scienze Economiche, Universita' di Bologna.
    5. Boucekkine, Raouf & Crifo, Patricia, 2008. "Human Capital Accumulation And The Transition From Specialization To Multitasking," Macroeconomic Dynamics, Cambridge University Press, vol. 12(03), pages 320-344, June.
    6. Benabou, Roland, 2004. "Inequality, Technology, and the Social Contract," Papers 08-15-2005b, Princeton University, Research Program in Political Economy.
    7. Hiller, Victor, 2018. "Self-control and the rise and fall of factory discipline," Journal of Development Economics, Elsevier, vol. 133(C), pages 187-200.
    8. Claudio Michelacci & Fabiano Schivardi, 2010. "Does Idiosyncratic Business Risk Matter?," Working Papers CELEG 1002, Dipartimento di Economia e Finanza, LUISS Guido Carli.
    9. Christophe Muller & Christophe Nordman, 2008. "Task Organization, Human Capital and Wages in Moroccan Exporting Firms," THEMA Working Papers 2008-39, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    10. Bauer, Thomas K. & Bender, Stefan, 2002. "Technological Change, Organizational Change, and Job Turnover," IZA Discussion Papers 570, Institute of Labor Economics (IZA).
    11. Mathias Thoenig & Thierry Verdier, 2010. "A macroeconomic perspective on Knowledge Management," Journal of Economic Growth, Springer, vol. 15(1), pages 33-63, March.
    12. Katsuya Takii, 2008. "Entrepreneurial Competition and Its Impact on the Aggregate Economy," OSIPP Discussion Paper 08E010, Osaka School of International Public Policy, Osaka University.
    13. Sunde, Uwe, 2001. "Human Capital Accumulation, Education and Earnings Inequality," IZA Discussion Papers 310, Institute of Labor Economics (IZA).
    14. Cingano, Federico & Pinotti, Paolo, 2016. "Trust, firm organization, and the pattern of comparative advantage," Journal of International Economics, Elsevier, vol. 100(C), pages 1-13.
    15. Mau, Karsten, 2017. "US policy spillover(?) – China’s accession to the WTO and rising exports to the EU," European Economic Review, Elsevier, vol. 98(C), pages 169-188.
    16. Ronald Benabou, 2002. "Human capital, technical change and the welfare state," Temi di discussione (Economic working papers) 465, Bank of Italy, Economic Research and International Relations Area.
    17. Alessandra Bonfiglioli & Gino Gancia, 2009. "Growth, selection and appropriate contracts," Economics Working Papers 1345, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2012.
    18. Maurin, Eric & Thesmar, David & Thoenig, Mathias, 2002. "Globalization and the demand for skill: An Export Based Channel," CEPR Discussion Papers 3406, C.E.P.R. Discussion Papers.
    19. Even Caroli & John Van Reenen, 1999. "Organization, skill and technology: evidence from a panel of British and French establishments," IFS Working Papers W99/23, Institute for Fiscal Studies.
    20. Maria Guadalupe & Julie Wulf, 2008. "The Flattening Firm and Product Market Competition: The Effect of Trade Liberalization," NBER Working Papers 14491, National Bureau of Economic Research, Inc.
    21. Guadalupe, Maria & Wulf, Julie, 2009. "The Flattening Firm and Product Market Competition," CEPR Discussion Papers 7253, C.E.P.R. Discussion Papers.
    22. Hornstein, Andreas & Krusell, Per & Violante, Giovanni L., 2005. "The Effects of Technical Change on Labor Market Inequalities," Handbook of Economic Growth,in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 20, pages 1275-1370 Elsevier.
    23. David Thesmar & Mathias Thoenig, 2011. "Contrasting Trends in Firm Volatility," Post-Print hal-00635987, HAL.
    24. Jirjahn, Uwe & Kraft, Kornelius, 2008. "Teamwork and Intra-Firm Wage Dispersion among Blue-Collar Workers," IZA Discussion Papers 3291, Institute of Labor Economics (IZA).
    25. Luis Garicano & Esteban Rossi-Hansberg, 2007. "Organizing Growth," NBER Working Papers 13705, National Bureau of Economic Research, Inc.
    26. Crifo, Patricia, 2003. "La modélisation du changement organisationnel : déterminants et conséquences sur le marché du travail," L'Actualité Economique, Société Canadienne de Science Economique, vol. 79(3), pages 349-365, Septembre.
    27. Katsuya Takii, 2004. "The Value of Adaptability," Industrial Organization 0406004, University Library of Munich, Germany.
    28. Bauer, Thomas K. & Bender, Stefan, 2002. "Technological Change, Organizational Change, and Job Turnover: A Descriptive Analysis of Germany," 10th International Conference on Panel Data, Berlin, July 5-6, 2002 A1-3, International Conferences on Panel Data.
    29. Bauer, Thomas K. & Bender, Stefan, 2001. "Flexible Work Systems and the Structure of Wages: Evidence from Matched Employer-Employee Data," IZA Discussion Papers 353, Institute of Labor Economics (IZA).
    30. Daido, Kohei & Tabata, Ken, 2013. "Public infrastructure, production organization, and economic development," Journal of Macroeconomics, Elsevier, vol. 38(PB), pages 330-346.
    31. Mariacristina Piva & Marco Vivarelli, 2002. "The Skill Bias: Comparative evidence and an econometric test," International Review of Applied Economics, Taylor & Francis Journals, vol. 16(3), pages 347-357.
    32. Leyden, Dennis & Link, Albert N., 2012. "Knowledge Spillovers, Collective Entrepreneurship, & Economic Growth: The Role of Universities," UNCG Economics Working Papers 12-8, University of North Carolina at Greensboro, Department of Economics.
    33. Matthew F. Mitchell, 2001. "Specialization and the skill premium in the 20th century," Staff Report 290, Federal Reserve Bank of Minneapolis.
    34. Egger, Hartmut & Grossmann, Volker, 2004. "Noncognitive Abilities and Within-Group Wage Inequality," IZA Discussion Papers 1024, Institute of Labor Economics (IZA).
    35. Thesmar, David & Thoenig, Mathias, 2002. "Time Based Competition and Innovation," CEPR Discussion Papers 3293, C.E.P.R. Discussion Papers.
    36. Jin Hwa Jung & Kang-Shik Choi, 2009. "Technological Change and Returns to Education: The Implications for the S&E Labor Market," Global Economic Review, Taylor & Francis Journals, vol. 38(2), pages 161-184.
    37. Takii, Katsuya, 2007. "The value of adaptability--Through the analysis of a firm's prediction ability," Journal of Economics and Business, Elsevier, vol. 59(2), pages 144-162.
    38. Dennis Leyden & Albert Link, 2013. "Knowledge spillovers, collective entrepreneurship, and economic growth: the role of universities," Small Business Economics, Springer, vol. 41(4), pages 797-817, December.
    39. Bellmann, Lutz & Pahnke, André, 2006. "Auswirkungen organisatorischen Wandels auf die betriebliche Arbeitsnachfrage (Effects of organisational change on firms' demand for labour)," Zeitschrift für ArbeitsmarktForschung - Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 39(2), pages 201-233.
    40. Sébastien Lechevalier, 2012. "The Japanese Firm," Chapters,in: Handbook on the Economics and Theory of the Firm, chapter 16 Edward Elgar Publishing.
    41. Bellmann, Lutz & Cornelißen, Thomas & Hübler, Olaf & Pahnke, André, 2008. "Betriebliche Reorganisation, Entlohnung und Beschäftigungsstabilität (Organisational change, wages and job stability)," Zeitschrift für ArbeitsmarktForschung - Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 41(2/3), pages 259-285.

  53. Thierry Magnac & David Thesmar, 1999. "Identifying Dynamic Discrete Choice Models : An Application to School-Leaving in France," Working Papers 99-16, Center for Research in Economics and Statistics.

    Cited by:

    1. Anne Épaulard & Jean-Pierre Laffargue & Pierre Malgrange, 2008. "Présentation générale," Economie & Prévision, La Documentation Française, vol. 0(2), pages 1-13.
    2. Ronan Mahieu & Béatrice Sédillot, 2001. "Départ à la retraite, irréversibilité et incertitude," Économie et Prévision, Programme National Persée, vol. 149(3), pages 87-101.
    3. Christian Belzil & Jörgen Hansen, 2001. "Estimating the Intergenerational Education Correlation from a Dynamic Programming Model," CIRANO Working Papers 2001s-20, CIRANO.

Articles

  1. Jean‐Philippe Bouchaud & Philipp Krüger & Augustin Landier & David Thesmar, 2019. "Sticky Expectations and the Profitability Anomaly," Journal of Finance, American Finance Association, vol. 74(2), pages 639-674, April.
    See citations under working paper version above.
  2. Christophe Pérignon & David Thesmar & Guillaume Vuillemey, 2018. "Wholesale Funding Dry‐Ups," Journal of Finance, American Finance Association, vol. 73(2), pages 575-617, April.
    See citations under working paper version above.
  3. Marianne Bertrand & Francis Kramarz & Antoinette Schoar & David Thesmar, 2018. "The Cost of Political Connections," Review of Finance, European Finance Association, vol. 22(3), pages 849-876.

    Cited by:

    1. Bircan, Çağatay & Saka, Orkun, 2019. "Lending cycles and real outcomes : Costs of political misalignment," BOFIT Discussion Papers 1/2019, Bank of Finland, Institute for Economies in Transition.
    2. Panagiota Papadimitri & Fotios Pasiouras & Gioia Pescetto & Ansgar Wohlschlegel, 2018. "Does Political Influence Distort Banking Regulation? Evidence from the US," Working Papers in Economics & Finance 2018-09, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group.
    3. Krammer, Sorin & Jimenez, Alfredo, 2019. "Do political connections matter for firm innovation? Evidence from emerging markets in Central Asia and Eastern Europe," MPRA Paper 94942, University Library of Munich, Germany.

  4. Landier, Augustin & Sraer, David & Thesmar, David, 2017. "Banking integration and house price co-movement," Journal of Financial Economics, Elsevier, vol. 125(1), pages 1-25.
    See citations under working paper version above.
  5. Boissel, Charles & Derrien, François & Ors, Evren & Thesmar, David, 2017. "Systemic risk in clearing houses: Evidence from the European repo market," Journal of Financial Economics, Elsevier, vol. 125(3), pages 511-536.
    See citations under working paper version above.
  6. Martin C. Schmalz & David A. Sraer & David Thesmar, 2017. "Housing Collateral and Entrepreneurship," Journal of Finance, American Finance Association, vol. 72(1), pages 99-132, February.
    See citations under working paper version above.
  7. Markus K. Brunnermeier & Luis Garicano & Philip R. Lane & Marco Pagano & Ricardo Reis & Tano Santos & David Thesmar & Stijn Van Nieuwerburgh & Dimitri Vayanos, 2016. "The Sovereign-Bank Diabolic Loop and ESBies," American Economic Review, American Economic Association, vol. 106(5), pages 508-512, May.
    See citations under working paper version above.
  8. Greenwood, Robin & Landier, Augustin & Thesmar, David, 2015. "Vulnerable banks," Journal of Financial Economics, Elsevier, vol. 115(3), pages 471-485.
    See citations under working paper version above.
  9. Philipp Krüger & Augustin Landier & David Thesmar, 2015. "The WACC Fallacy: The Real Effects of Using a Unique Discount Rate," Journal of Finance, American Finance Association, vol. 70(3), pages 1253-1285, June.
    See citations under working paper version above.
  10. Hombert, Johan & Thesmar, David, 2014. "Overcoming limits of arbitrage: Theory and evidence," Journal of Financial Economics, Elsevier, vol. 111(1), pages 26-44.

    Cited by:

    1. Koen van der Veer & Anouk Levels & Claudia Lambert & Luis Molestina Vivar & Christian Weistroffer & Raymond Chaudron & René de Sousa van Stralen, 2017. "Developing macroprudential policy for alternative investment funds," DNB Occasional Studies 1504, Netherlands Central Bank, Research Department.
    2. Zhou, Liyun & Yang, Chunpeng, 2019. "Stochastic investor sentiment, crowdedness and deviation of asset prices from fundamentals," Economic Modelling, Elsevier, vol. 79(C), pages 130-140.

  11. Derrien, François & Kecskés, Ambrus & Thesmar, David, 2013. "Investor Horizons and Corporate Policies," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 48(06), pages 1755-1780, December.
    See citations under working paper version above.
  12. Augustin Landier & Julien Sauvagnat & David Sraer & David Thesmar, 2013. "Bottom-Up Corporate Governance," Review of Finance, European Finance Association, vol. 17(1), pages 161-201.
    See citations under working paper version above.
  13. Francis Kramarz & David Thesmar, 2013. "Social Networks In The Boardroom," Journal of the European Economic Association, European Economic Association, vol. 11(4), pages 780-807, August.
    See citations under working paper version above.
  14. Thomas Chaney & David Sraer & David Thesmar, 2012. "The Collateral Channel: How Real Estate Shocks Affect Corporate Investment," American Economic Review, American Economic Association, vol. 102(6), pages 2381-2409, October.
    See citations under working paper version above.
  15. David Thesmar & Mathias Thoenig, 2011. "Contrasting Trends in Firm Volatility," American Economic Journal: Macroeconomics, American Economic Association, vol. 3(4), pages 143-180, October.
    See citations under working paper version above.
  16. Boucly, Quentin & Sraer, David & Thesmar, David, 2011. "Growth LBOs," Journal of Financial Economics, Elsevier, vol. 102(2), pages 432-453.
    See citations under working paper version above.
  17. Thierry Foucault & David Sraer & David J. Thesmar, 2011. "Individual Investors and Volatility," Journal of Finance, American Finance Association, vol. 66(4), pages 1369-1406, August.
    See citations under working paper version above.
  18. Greenwood, Robin & Thesmar, David, 2011. "Stock price fragility," Journal of Financial Economics, Elsevier, vol. 102(3), pages 471-490.
    See citations under working paper version above.
  19. Augustin Landier & David Sraer & David Thesmar, 2009. "Optimal Dissent in Organizations," Review of Economic Studies, Oxford University Press, vol. 76(2), pages 761-794.
    See citations under working paper version above.
  20. Augustin Landier & David Thesmar, 2009. "Financial Contracting with Optimistic Entrepreneurs," Review of Financial Studies, Society for Financial Studies, vol. 22(1), pages 117-150, January.
    See citations under working paper version above.
  21. Augustin Landier & David Sraer & David Thesmar, 2009. "Financial Risk Management: When Does Independence Fail?," American Economic Review, American Economic Association, vol. 99(2), pages 454-458, May.
    See citations under working paper version above.
  22. Augustin Landier & David Thesmar & Mathias Thoenig, 2008. "Investigating capitalism aversion," Economic Policy, CEPR;CES;MSH, vol. 23, pages 465-497, July.
    See citations under working paper version above.
  23. David Thesmar & Mathias Thoenig, 2007. "From Flexibility to Insecurity: How Vertical Separation Amplifies Firm-level Uncertainty," Journal of the European Economic Association, MIT Press, vol. 5(6), pages 1161-1202, December. See citations under working paper version above.
  24. David Sraer & David Thesmar, 2007. "Performance and Behavior of Family Firms: Evidence from the French Stock Market," Journal of the European Economic Association, MIT Press, vol. 5(4), pages 709-751, June.
    See citations under working paper version above.
  25. Marianne Bertrand & Antoinette Schoar & David Thesmar, 2007. "Banking Deregulation and Industry Structure: Evidence from the French Banking Reforms of 1985," Journal of Finance, American Finance Association, vol. 62(2), pages 597-628, April.
    See citations under working paper version above.
  26. Philippe Askenazy & David Thesmar & Mathias Thoenig, 2006. "On the Relation Between Organisational Practices and New Technologies: the Role of (Time Based) Competition," Economic Journal, Royal Economic Society, vol. 116(508), pages 128-154, January.
    See citations under working paper version above.
  27. Eric Maurin & David Thesmar, 2004. "Changes in the Functional Structure of Firms and the Demand for Skill," Journal of Labor Economics, University of Chicago Press, vol. 22(3), pages 639-664, July.
    See citations under working paper version above.
  28. Thierry Magnac & David Thesmar, 2002. "Identifying Dynamic Discrete Decision Processes," Econometrica, Econometric Society, vol. 70(2), pages 801-816, March.

    Cited by:

    1. Victor Aguirregabiria, 2006. "Another Look at the Identification of Dynamic Discrete Decision Processes: With an Application to Retirement Behavior," 2006 Meeting Papers 169, Society for Economic Dynamics.
    2. John Bound & Todd Stinebrickner & Timothy Waidmann, 2007. "Health, Economic Resources and the Work Decisions of Older Men," University of Western Ontario, Economic Policy Research Institute Working Papers 20076, University of Western Ontario, Economic Policy Research Institute.
    3. Tolan, Songül & Kemptner, Daniel, 2016. "The Role of Time Preferences in Educational Decision Making," Annual Conference 2016 (Augsburg): Demographic Change 145756, Verein für Socialpolitik / German Economic Association.
    4. Aguirregabiria, Victor & Mira, Pedro, 2010. "Dynamic discrete choice structural models: A survey," Journal of Econometrics, Elsevier, vol. 156(1), pages 38-67, May.
    5. Victor Aguirregabiria & Arvind Magesan, 2012. "Identification and estimation of dynamic games when players' beliefs are not in equilibrium," Working Papers tecipa-449, University of Toronto, Department of Economics.
    6. Jeremy T. Fox, 2010. "Estimating the Employer Switching Costs and Wage Responses of Forward-Looking Engineers," Journal of Labor Economics, University of Chicago Press, vol. 28(2), pages 357-412, April.
    7. Christian Belzil, 2006. "The Return to Schooling in Structural Dynamic Models: A Survey," Post-Print halshs-00142538, HAL.
    8. Bernhard Ganglmair & Timothy Simcoe & Emanuele Tarantino, 2018. "Learning When to Quit: An Empirical Model of Experimentation," NBER Working Papers 24358, National Bureau of Economic Research, Inc.
    9. Belzil, Christian, 2007. "Testing the Specification of the Mincer Wage Equation," IZA Discussion Papers 2650, Institute of Labor Economics (IZA).
    10. Christian Belzil & Jörgen Hansen, 2004. "A Structural Analysis of the Correlated Random Coefficient Wage Regression Model," Working Papers 0405, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    11. Santos, Carlos Daniel, 2009. "Recovering the sunk costs of R&D: the moulds industry case," LSE Research Online Documents on Economics 28689, London School of Economics and Political Science, LSE Library.
    12. Hugo Benítez-Silva & Debra Sabatini Dwyer & Warren Sanderson, 2006. "A Dynamic Model of Retirement and Social Security Reform Expectations: A Solution to the New Early Retirement Puzzle," Working Papers wp134, University of Michigan, Michigan Retirement Research Center.
    13. Wilbert van der Klaauw, 2012. "On the Use of Expectations Data in Estimating Structural Dynamic Choice Models," Journal of Labor Economics, University of Chicago Press, vol. 30(3), pages 521-554.
    14. Yannis M. Ioannides & Vassilis A. Hajivassiliou, 2007. "Unemployment and liquidity constraints," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(3), pages 479-510.
    15. Christian Belzil & Arnaud Maurel & Modibo Sidibé, 2017. "Estimating the Value of Higher Education Financial Aid: Evidence from a Field Experiment," NBER Working Papers 23641, National Bureau of Economic Research, Inc.
    16. Belzil, Christian & Sidibé, Modibo, 2016. "Internal and External Validity of Experimental Risk and Time Preferences," IZA Discussion Papers 10348, Institute of Labor Economics (IZA).
    17. Hu Yingyao & Shum Matthew & Tan Wei & Xiao Ruli, 2017. "A Simple Estimator for Dynamic Models with Serially Correlated Unobservables," Journal of Econometric Methods, De Gruyter, vol. 6(1), pages 1-16, January.
    18. Andre Palma & Moshe Ben-Akiva & David Brownstone & Charles Holt & Thierry Magnac & Daniel McFadden & Peter Moffatt & Nathalie Picard & Kenneth Train & Peter Wakker & Joan Walker, 2008. "Risk, uncertainty and discrete choice models," Marketing Letters, Springer, vol. 19(3), pages 269-285, December.
      • André de Palma & Moshe Ben-Akiva & David Brownstone & Charles Holt & Thierry Magnac & Daniel McFadden & Peter Moffatt & Nathalie Picard & Kenneth Train & Peter Wakker & Joan Walker, 2008. "Risk, Uncertainty and Discrete Choice Models," THEMA Working Papers 2008-02, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    19. Le-Yu Chen, 2009. "Identification of structural dynamic discrete choice models," CeMMAP working papers CWP08/09, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
    20. Ariel Pakes & Michael Ostrovsky & Steve Berry, 2004. "Simple Estimators for the Parameters of Discrete Dynamic Games (with Entry/Exit Samples)," NBER Working Papers 10506, National Bureau of Economic Research, Inc.
    21. John Rust, 2014. "The Limits of Inference with Theory: A Review of Wolpin (2013)," Journal of Economic Literature, American Economic Association, vol. 52(3), pages 820-850, September.
    22. Christian Belzil & Jörgen Hansen, 2002. "Earnings Dispersion, Risk Aversion and Education," CIRANO Working Papers 2002s-20, CIRANO.
    23. G. Cernicchiaro & M. Lapparent, 2015. "A Dynamic Discrete/Continuous Choice Model for Forward-Looking Agents Owning One or More Vehicles," Computational Economics, Springer;Society for Computational Economics, vol. 46(1), pages 15-34, June.
    24. Victor Aguirregabiria & Junichi Suzuki, 2014. "Identification and counterfactuals in dynamic models of market entry and exit," Quantitative Marketing and Economics (QME), Springer, vol. 12(3), pages 267-304, September.
    25. Victoria Prowse & Peter Haan, 2010. "The design of unemployment transfers: Evidence from a dynamic structural life-cycle model," Economics Series Working Papers 478, University of Oxford, Department of Economics.
    26. Thomas Schelkle, 2018. "Mortgage Default during the U.S. Mortgage Crisis," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(6), pages 1101-1137, September.
    27. Emily Yucai Wang, 2015. "The impact of soda taxes on consumer welfare: implications of storability and taste heterogeneity," RAND Journal of Economics, RAND Corporation, vol. 46(2), pages 409-441, June.
    28. Marc Rysman & Gautam Gowrisankaran & Minsoo Park, 2011. "Measuring Network Effects in a Dynamic Environment," Boston University - Department of Economics - Working Papers Series WP2011-061, Boston University - Department of Economics.
    29. Chun‐Yu Ho, 2015. "Switching Cost And Deposit Demand In China," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 56, pages 723-749, August.
    30. George-Levi Gayle & Limor Golan, "undated". "Estimating a Dynamic Adverse Selection Model: Labor Force Experience and the Changing Gender Earnings Gap 1968-93," GSIA Working Papers 2006-E40, Carnegie Mellon University, Tepper School of Business.
    31. Hugo Benitez-Silva & Debra S. Dwyer & Frank Heiland & Warren C. Sanderson, 2006. "Retirement and Social Security Reform Expectations: A Solution to the New Early Retirement Puzzle," Department of Economics Working Papers 06-05, Stony Brook University, Department of Economics.
    32. Han Hong & Matthew Shum, 2000. "A Semiparametric Estimator for Dynamic Optimization Models," Economics Working Paper Archive 461, The Johns Hopkins University,Department of Economics, revised Nov 2001.
    33. Copeland, Adam, 2009. "The dynamics of automobile expenditures," Staff Reports 394, Federal Reserve Bank of New York.
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    71. Gonca P. Soysal & Lakshman Krishnamurthi, 2012. "Demand Dynamics in the Seasonal Goods Industry: An Empirical Analysis," Marketing Science, INFORMS, vol. 31(2), pages 293-316, March.
    72. Brett R. Gordon & Raphael Thomadsen & Eric T. Bradlow & Jean-Pierre Dubé & Richard Staelin, 2011. "Foreword --Revisiting the Workshop on Quantitative Marketing and Structural Econometrics," Marketing Science, INFORMS, vol. 30(6), pages 945-949, November.
    73. Merlo, Antonio & Tang, Xun, 2019. "New results on the identification of stochastic bargaining models," Journal of Econometrics, Elsevier, vol. 209(1), pages 79-93.
    74. Vall Castello, Judit, 2012. "Promoting employment of disabled women in Spain; Evaluating a policy," Labour Economics, Elsevier, vol. 19(1), pages 82-91.
    75. Muendler, Marc-Andreas, 2004. "Trade, Technology, and Productivity: A Study of Brazilian Manufacturers, 1986-1998," University of California at San Diego, Economics Working Paper Series qt6m96c2r7, Department of Economics, UC San Diego.
    76. De Groote, Olivier & Verboven, Frank, 2016. "Subsidies and Myopia in Technology Adoption: Evidence from Solar Photovoltaic Systems," CEPR Discussion Papers 11438, C.E.P.R. Discussion Papers.
    77. Girsberger, Esther Mirjam, 2017. "Migration, Education and Work Opportunities," IZA Discussion Papers 11028, Institute of Labor Economics (IZA).
    78. Ji, Yongjie & Rabotyagov, sergey & Valcu-Lisman, Adriana, 2015. "Estimating Adoption of Cover Crops Using Preferences Revealed by a Dynamic Crop Choice Model," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205799, Agricultural and Applied Economics Association.
    79. Jaap Abbring & James Heckman, 2008. "Dynamic policy analysis," CeMMAP working papers CWP05/08, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
    80. Hiroyuki Kasahara & Katsumi Shimotsu, 2006. "Nonparametric Identification and Estimation of Finite Mixture Models of Dynamic Discrete Choices," UWO Department of Economics Working Papers 20065, University of Western Ontario, Department of Economics.
    81. Yingyao Hu & Matthew Shum, 2008. "Nonparametric Identification of Dynamic Models with Unobserved State Variables," Economics Working Paper Archive 543, The Johns Hopkins University,Department of Economics.
    82. Gayle, George-Levi & Golan, Limor & Soytas, Mehmet A., 2015. "What Accounts for the Racial Gap in Time Allocation and Intergenerational Transmission of Human Capital?," Working Papers 2015-18, Federal Reserve Bank of St. Louis.
    83. Charles Bellemare & Luc Bissonnette & Sabine Kroger, 2007. "Flexible Approximation of Subjective Expectations using Probability Questions -An Application to the Investment Game-," Cahiers de recherche 0734, CIRPEE.
    84. Andrew T. Ching & Tülin Erdem & Michael P. Keane, 2014. "A Simple Method to Estimate the Roles of Learning, Inventories and Category Consideration in Consumer Choice," Economics Papers 2014-W01, Economics Group, Nuffield College, University of Oxford.
    85. Aniko Biro;, 2012. "An analysis of mammography decisions with a focus on educational differences," Health, Econometrics and Data Group (HEDG) Working Papers 12/11, HEDG, c/o Department of Economics, University of York.
    86. Patrick Bajari & Chenghuan Sean Chu & Denis Nekipelov & Minjung Park, 2013. "A Dynamic Model of Subprime Mortgage Default: Estimation and Policy Implications," NBER Working Papers 18850, National Bureau of Economic Research, Inc.
    87. Amoroso, S., 2013. "Heterogeneity of innovative, collaborative, and productive firm-level processes," Other publications TiSEM f5784a49-7053-401d-855d-1, Tilburg University, School of Economics and Management.
    88. Golombek, Rolf & Raknerud, Arvid, 2018. "Exit dynamics of start-up firms: Structural estimation using indirect inference," Journal of Econometrics, Elsevier, vol. 205(1), pages 204-225.
    89. Evgeny Yakovlev, 2012. "Peers and Alcohol: Evidence from Russia," Working Papers w0182, New Economic School (NES).
    90. Hugo Benítez-Silva & Richard Disney & Sergi Jiménez Martín, 2009. "Disability, Capacity for Work and the Business Cycle: An International Perspective," Working Papers 2009-28, FEDEA.
    91. Andrew Ching & Masakazu Ishihara, 2014. "Dynamic Demand for New and Used Durable Goods without Physical Depreciation: The Case of Japanese Video Games," 2014 Meeting Papers 782, Society for Economic Dynamics.
    92. Rapson, David, 2014. "Durable goods and long-run electricity demand: Evidence from air conditioner purchase behavior," Journal of Environmental Economics and Management, Elsevier, vol. 68(1), pages 141-160.
    93. Dae-Yong Ahn & Jason A. Duan & Carl F. Mela, 2016. "Managing User-Generated Content: A Dynamic Rational Expectations Equilibrium Approach," Marketing Science, INFORMS, vol. 35(2), pages 284-303, March.
    94. Hugo Benitez-Silva & Frank Heiland, 2008. "Early Retirement, Labor Supply, and Benefit Withholding: The Role of the Social Security Earnings Test," Working Papers wp183, University of Michigan, Michigan Retirement Research Center.
    95. Gautam Gowrisankaran & Matthew F. Mitchell & Andrea Moro, 2008. "Electoral Design and Voter Welfare from the U.S. Senate: Evidence from a Dynamic Selection Model," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 11(1), pages 1-17, January.
    96. Khorunzhina, Natalia & Miller, Robert A., 2019. "American Dream Delayed: Shifting Determinants of Homeownership," Working Papers 7-2019, Copenhagen Business School, Department of Economics.
    97. Benoit Schmutz & Modibo Sidibé, 2014. "Job Search and Migration in a System of Cities," Working Papers 2014-43, Center for Research in Economics and Statistics.
    98. Jun Li & Nelson Granados & Serguei Netessine, 2014. "Are Consumers Strategic? Structural Estimation from the Air-Travel Industry," Management Science, INFORMS, vol. 60(9), pages 2114-2137, September.
    99. Jorge Rodriguez, 2017. "Understanding the Effects of Income and Child Care Subsidies on Children's Academic Achievement," 2017 Papers pro1077, Job Market Papers.
    100. Yan Liu & Subramanian Balachander, 2014. "How long has it been since the last deal? Consumer promotion timing expectations and promotional response," Quantitative Marketing and Economics (QME), Springer, vol. 12(1), pages 85-126, March.
    101. Yang Wang & Frank A. Sloan, 2018. "Present bias and health," Journal of Risk and Uncertainty, Springer, vol. 57(2), pages 177-198, October.
    102. Joao Macieira, 2007. "Extending the Frontier: A Structural Model of Investment and Technological Competition in the Supercomputer Industry," Working Papers e07-10, Virginia Polytechnic Institute and State University, Department of Economics.
    103. Belzil, Christian & Hansen, Jörgen, 2008. "Calibration and IV Estimation of a Wage Outcome Equation in a Dynamic Environment," IZA Discussion Papers 3528, Institute of Labor Economics (IZA).
    104. Christina M. Dalton & Gautam Gowrisankaran & Robert Town, 2015. "Salience, Myopia, and Complex Dynamic Incentives: Evidence from Medicare Part D," NBER Working Papers 21104, National Bureau of Economic Research, Inc.
    105. Kala Krishna & Sergey Lychagin & Veronica Frisancho, 2018. "Retaking In High Stakes Exams: Is Less More?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 59(2), pages 449-477, May.
    106. Adam Copeland, 2014. "Intertemporal substitution and new car purchases," RAND Journal of Economics, RAND Corporation, vol. 45(3), pages 624-644, September.
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    113. Otero, Karina V., 2016. "Nonparametric identification of dynamic multinomial choice games: unknown payoffs and shocks without interchangeability," MPRA Paper 86784, University Library of Munich, Germany.
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    116. Reis, Hugo, 2015. "Girls' Schooling Choices and Home Production: Evidence from Pakistan," IZA Discussion Papers 9562, Institute of Labor Economics (IZA).
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  29. Thierry Magnac & David Thesmar, 2002. "Analyse économique des politiques éducatives : l'Augmentation de la scolarisation en France de 1982 à 1993," Annals of Economics and Statistics, GENES, issue 65, pages 1-33.

    Cited by:

    1. Catherine Béduwé & Jean-François Giret, 2011. "Mismatch of vocational graduates : what penalty on French labour market," Post-Print halshs-00738007, HAL.
    2. Verdugo, Gregory, 2014. "The Great Compression of the French Wage Structure, 1969-2008," IZA Discussion Papers 8088, Institute of Labor Economics (IZA).
    3. Pierre Dubois & Alain de Janvry & Elisabeth Sadoulet, 2012. "Effects on School Enrollment and Performance of a Conditional Cash Transfer Program in Mexico," Journal of Labor Economics, University of Chicago Press, vol. 30(3), pages 555-589.

  30. François Magnien & Jean-Luc Tavernier & David Thesmar, 2002. "Le recul du PIB par habitant de la France traduit surtout l'imperfection des comparaisons internationales," Économie et Statistique, Programme National Persée, vol. 354(1), pages 3-20.

    Cited by:

    1. Daniel Verger, 2005. "Bas revenus, consommation restreinte ou faible bien être : les approches statistiques de la pauvreté à l'épreuve des comparaisons internationales," Économie et Statistique, Programme National Persée, vol. 383(1), pages 7-45.

  31. David Thesmar & Mathias Thoenig, 2000. "Creative Destruction and Firm Organization Choice," The Quarterly Journal of Economics, Oxford University Press, vol. 115(4), pages 1201-1237. See citations under working paper version above.

Chapters

  1. Augustin Landier & David Thesmar, 2011. "Regulating Systemic Risk through Transparency: Trade-Offs in Making Data Public," NBER Chapters,in: Risk Topography: Systemic Risk and Macro Modeling, pages 31-44 National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  2. Claire Lelarge & David Sraer & David Thesmar, 2010. "Entrepreneurship and Credit Constraints: Evidence from a French Loan Guarantee Program," NBER Chapters,in: International Differences in Entrepreneurship, pages 243-273 National Bureau of Economic Research, Inc.

    Cited by:

    1. Cowling, Marc & Ughetto, Elisa & Lee, Neil, 2018. "The innovation debt penalty: Cost of debt, loan default, and the effects of a public loan guarantee on high-tech firms," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 166-176.
    2. Saadani, Youssef & Arvai, Zsofia & Rocha, Roberto, 2011. "A review of credit guarantee schemes in the Middle East and North Africa Region," Policy Research Working Paper Series 5612, The World Bank.
    3. Ma, Shuang & Wu, Xi & Gan, Li, 2019. "Credit accessibility, institutional deficiency and entrepreneurship in China," China Economic Review, Elsevier, vol. 54(C), pages 160-175.
    4. Xiao, Sheng & Zhao, Shan, 2012. "Financial development, government ownership of banks and firm innovation," Journal of International Money and Finance, Elsevier, vol. 31(4), pages 880-906.
    5. Stefan Arping & Gyöngyi Lóránth & Alan Morrison, 2009. "Public Initiatives to Support Entrepreneurs: Credit Guarantees versus Co-Funding," Tinbergen Institute Discussion Papers 09-019/2, Tinbergen Institute.
    6. Beck, Thorsten & Klapper, Leora F. & Mendoza, Juan Carlos, 2010. "The typology of partial credit guarantee funds around the world," Journal of Financial Stability, Elsevier, vol. 6(1), pages 10-25, April.
    7. Beck, T.H.L. & Munzele Maimbo, S. & Faye, I. & Triki, T., 2011. "Financing Africa : Through the crisis and beyond," Other publications TiSEM 334b6bd2-a7a6-47d5-be82-3, Tilburg University, School of Economics and Management.
    8. Thomas Url, 2018. "Die Folgen staatlicher Wechselbürgschaften und Beteiligungsgarantien für Inlandsbeschäftigung und Leistungsbilanz," WIFO Studies, WIFO, number 61057, October.
    9. Jürgen Antony & Torben Klarl & Alfred Maußner, 2010. "Firm Heterogeneity, Credit Constraints, and Endogenous Growth," DEGIT Conference Papers c015_045, DEGIT, Dynamics, Economic Growth, and International Trade.
    10. Brault, Julien & Signore, Simone, 2019. "The real effects of EU loan guarantee schemes for SMEs: A pan-European assessment," EIF Working Paper Series 2019/56, European Investment Fund (EIF).
    11. Alessio D'Ignazio & Carlo Menon, 2013. "The causal effect of credit guarantees for SMEs: evidence from Italy," Temi di discussione (Economic working papers) 900, Bank of Italy, Economic Research and International Relations Area.
    12. Ayadi, Rym & Gadi, Salim, 2013. "Access by MSMEs to Finance in the Southern and Eastern Mediterranean: What role for credit guarantee schemes?," CEPS Papers 8061, Centre for European Policy Studies.
    13. Karel Janda, 2008. "Which Government Interventions Are Good in Alleviating Credit Market Failures?," Working Papers IES 2008/12, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jul 2008.
    14. Boustanifar, Hamid, 2014. "Finance and employment: Evidence from U.S. banking reforms," Journal of Banking & Finance, Elsevier, vol. 46(C), pages 343-354.
    15. Patrick Honohan, 2008. "Partial Credit Guarantees: Principles and Practice," The Institute for International Integration Studies Discussion Paper Series iiisdp244, IIIS.
    16. de Blasio, Guido & De Mitri, Stefania & D'Ignazio, Alessio & Finaldi Russo, Paolo & Stoppani, Lavinia, 2018. "Public guarantees to SME borrowing. A RDD evaluation," Journal of Banking & Finance, Elsevier, vol. 96(C), pages 73-86.
    17. World Bank Group, 2018. "Toolkit for Impact Evaluation of Public Credit Guarantee Schemes for SMEs," World Bank Other Operational Studies 30514, The World Bank.
    18. Grimsby, Gjermund, 2018. "Partly risky, partly solid – Performance study of public innovation loans," Research Policy, Elsevier, vol. 47(7), pages 1344-1365.
    19. Cai, Dongliang & Song, Quanyun & Ma, Shuang & Dong, Yang & Xu, Qiuhua, 2018. "The relationship between credit constraints and household entrepreneurship in China," International Review of Economics & Finance, Elsevier, vol. 58(C), pages 246-258.
    20. Thorsten Beck & Asli Demirgüç-Kunt & Patrick Honohan, 2009. "Access to Financial Services: Measurement, Impact, and Policies," World Bank Research Observer, World Bank Group, vol. 24(1), pages 119-145, February.

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