Racial Differences in the Total Rate of Return on Owner-Occupied Housing

Rebecca Diamond², William Diamond¹

1: Wharton School, University of Pennsylvania; 2: Stanford GSB and NBER

Monetary Transmission through Bank Securities Portfolios

Daniel Greenwald¹, John Krainer², Pascal Paul³

1: NYU Stern; 2: Federal Reserve Board of Governors; 3: Federal Reserve Bank of San Francisco

Ethics and Trust in the Market for Financial Advisors

Simon Gervais¹, John Thanassoulis^2,3,4

1: Fuqua School of Business, Duke University; 2: Warwick Business School, The University of Warwick; 3: CEPR; 4: UK Competition and Markets Authority

"Research and/or Development? Financial Frictions and Innovation Investment"

Filippo Mezzanotti¹, Tim Simcoe²

1: Northwestern University; 2: Boston University

Testing the q-theory under endogenous truncation

Ilan Cooper^1,3, Daniel Kim², Moshe Kim¹

1: University of Haifa; 2: University of Waterloo; 3: BI Norwegian Business School

Loan Guarantees and Incentives for Information Acquisition

David Stillerman

American University

The Return of Return Dominance: Decomposing the Cross-Section of Prices

Sean Myers¹, Ricardo De la O², Xiao Han³

1: The Wharton School; 2: USC Marshall School of Business; 3: Bayes Business School

A Deep Learning Analysis of Climate Change, Innovation, and Uncertainty

Michael Barnett¹, William Brock², Lars Peter Hansen³, Ruimeng Hu⁴, Joseph Huang⁵

1: Arizona State University; 2: University of Wisconsin; 3: University of Chicago; 4: University of California Santa Barbara; 5: University of Pennsylvania

Price Discrimination and Mortgage Choice

Jamie Coen¹, Anil Kashyap², May Rostom³

1: Imperial College London; 2: University of Chicago Booth School of Business; 3: Bank of England

The Credit Supply Channel of Monetary Policy Tightening and its Distributional Impacts

Joshua Bosshardt¹, Marco Di Maggio², Ali Kakhbod³, Amir Kermani³

1: Federal Housing Finance Agency; 2: Imperial College Business School; 3: University of California, Berkeley

How Effective are Portfolio Mandates?

Jack Favilukis¹, Lorenzo Garlappi¹, Raman Uppal²

1: UBC Sauder School of Business; 2: EDHEC Business School

Follow the Pipeline: Anticipatory Effects of Proposed Regulations

Joseph Kalmenovitz¹, Alejandro Lopez-Lira², Suzanne Chang³

1: University of Rochester; 2: University of Florida; 3: Tulane University

On a Spending Spree: The Real Effects of Heuristics in Managerial Budgets

Paul Decaire, denis sosyura

W.P. Carey School of Business, Arizona State University

Did Pandemic Relief Fraud Inflate House Prices?

John M. Griffin, Samuel Kruger, Prateek Mahajan

University of Texas at Austin

Sources of Return Predictability

Beata Gafka¹, Pavel Savor², Mungo Wilson³

1: Ivey Business School; 2: Kellstadt Graduate School of Business at DePaul University; 3: Said Business School at Oxford University

The Value of Climate Hedge Assets: Evidence from Australian Water Markets

Ryan Lewis

University of Colorado, Boulder

Mortgage Lock-In, Mobility, and Labor Reallocation

Julia Fonseca¹, Lu Liu²

1: UIUC; 2: The Wharton School, University of Pennsylvania

Monetary Policy Transmission Through Online Banks

Isil Erel¹, Jack Liebersohn², Constantine Yannelis³, Samuel Earnest³

1: Ohio State University; 2: University of California Irvine; 3: University of Chicago Booth School of Business

Money to Burn: Wildfire Insurance via Social Networks

Anthony Cookson², Emily Gallagher², Philip Mulder¹

1: University of Wisconsin - Madison; 2: University of Colorado - Boulder

Innovation Booms, Easy Financing, and Human Capital Accumulation

Johan Hombert¹, Adrien Matray²

1: HEC Paris; 2: Stanford University

Uncertainty Creates Zombie Firms: Implications for Competition Dynamics and Creative Destruction

Kevin Aretz¹, Murillo Campello², Gaurav Kankanhalli³, Kevin Schneider⁴

1: University of Manchester; 2: Cornell University; 3: University of Pittsburgh; 4: University of Cambridge

Borrower Technology Similarity and Bank Loan Contracting

Mingze Gao¹, Yunying Huang², Steven Ongena³, Eliza Wu²

1: Macquarie University; 2: The University of Sydney; 3: University of Zurich, Switzerland

Dogs and cats living together: A defense of cash-flow predictability

Seth Pruitt

ASU

Discretionary Information in ESG Investing: A Text Analysis of Mutual Fund Prospectuses

Angie Andrikogiannopoulou¹, Philipp Krueger², Shema Frédéric Mitali³, Filippos Papakonstantinou¹

1: King's College London; 2: University of Geneva; 3: SKEMA Business School

Frictional and Speculative Vacancies: The Effects of an Empty Homes Tax

Lu Han¹, Derek Stacey², Hong Chen

1: University of Wisconsin at Madison; 2: University of Waterloo

Payments, Reserves, and Financial Fragility

Itay Goldstein¹, Ming Yang², Yao Zeng¹

1: University of Pennsylvania; 2: University College London

“Glossy Green” Banks: The Disconnect Between Environmental Disclosures and Lending Activities

Mariassunta Giannetti¹, Martina Jasova², Maria Loumioti³, Caterina Mendicino⁴

1: Stockholm School of Economics; 2: Barnard College, Columbia University; 3: UT Dallas; 4: ECB

Shared Culture and Technological Innovation: Evidence from Corporate R&D Teams

Tristan James Fitzgerald¹, Xiaoding Liu²

1: Texas A&M University; 2: Texas A&M University

Information Waves and Firm Investment

Feng Chi

Cornell University

Internal Loan Ratings, Supervision, and Procyclical Leverage

Pinar Uysal¹, Lewis Gaul², Jonathan Jones², Stephen Karolyi²

1: Federal Reserve Board; 2: Office of the Comptroller of The Currency, United States of America

Passive Investing and Market Quality

Philipp Höfler¹, Christian Schlag^1,2, Maik Schmeling^1,3

1: Goethe University Frankfurt; 2: Leibniz Institute for Financial Research SAFE; 3: Centre for Economic Policy Research (CEPR)

Does Foreign Institutional Capital Promote Green Growth for Emerging Market Firms?

Sophia Chiyoung Cheong¹, Jaewon Choi², Sangeun Ha³, Ji Yeol Jimmy Oh⁴

1: ESSCA School of Management; 2: Seoul National University; 3: Copenhagen Business School; 4: Sungkyunkwan University

Language Frictions in Consumer Credit

Chao Liu

Northwestern University

Digital Payments and Monetary Policy Transmission

Pauline Liang¹, Matheus Sampaio², Sergey Sarkisyan³

1: Stanford Graduate School of Business; 2: Kellogg School of Management, Northwestern University; 3: Wharton School, University of Pennsylvania

Business as Usual: Bank Climate Commitments, Lending, and Engagement

Parinitha {Pari} Sastry¹, Emil Vernet²

1: Columbia Business School; 2: MIT Sloan

Patent Hunters

Lauren Cohen¹, Umit Gurun², Katie Moon³, Paula Suh⁴

1: Harvard University; 2: University of Texas at Dallas; 3: University of Colorado at Boulder; 4: University of Georgia

The Epidemiology of Financial Constraints and Corporate Investment

William Grieser¹, Ioannis Spyridopoulos², Morad Zekhnini³

1: Texas Christian University; 2: American University; 3: Michigan State university

(Unobserved) Heterogeneity in the bank lending channel: Accounting for bank-firm interactions and specialization

Alonso Villacorta¹, Lucciano Villacorta², Bryan Gutierrez³

1: University of California-Santa Cruz; 2: Central Bank of Chile; 3: University of Minnesota

Economic Forecasts Using Many Noises

Yuan Liao¹, Xinjie Ma², Andreas Neuhierl³, Zhentao Shi⁴

1: Rutgers University; 2: National University of Singapore; 3: Washington University at St Louis; 4: Chinese Universith of Hong Kong

Polarizing Corporations: Does Talent Flow to "Good" Firms?

Emanuele Colonnelli¹, Tim McQuade², Gabriel Ramos³, Thomas Rauter¹, Olivia Xiong¹

1: University of Chicago Booth School of Business; 2: University of California Berkeley; 3: Imperial College London

After the Storm: How Emergency Liquidity Helps Small Businesses Following Natural Disasters

Benjamin Lee Collier¹, Sabrina Howell², Lea Rendell³

1: Fox School of Business, Temple University; 2: Stern School of Business, New York University; 3: University of Maryland

Instant Payment Systems and Competition for Deposits

Sergey Sarkisyan

University of Pennsylvania

Bank Competition and Strategic Adaptation to Climate Change

Dasol Kim, Toan Phan, Luke Olson

Office of Financial Research

Excess Commitment in R&D

Marius Guenzel¹, Tong Liu²

1: Wharton School, University of Pennsylvania; 2: MIT Sloan

Long-Term Bond Supply, Term Premium, and the Duration of Corporate Investment

Antoine Hubert de Fraisse

HEC PARIS

Integrated Intermediation and Fintech Market Power

Greg Buchak¹, Vera Chau², Adam Jorring³

1: Stanford University; 2: Swiss Finance Institute & Geneva Finance Research Institute; 3: Boston College

Too Good to Be True: Look-ahead Bias in Empirical Options Research

Jefferson Duarte¹, Christopher Jones², Mehdi Khorram³, Haitao Mo⁴, Junbo Wang⁵

1: Rice University; 2: University of Southern California; 3: Rochester Institute of Technology; 4: University of Kansas; 5: Louisiana State University

Peer Effects and the Gender Gap in Corporate Leadership: Evidence from MBA Students

Menaka Hampole¹, Francesca Truffa², Ashley Wong³

1: Yale; 2: Stanford; 3: Tilburg