Borrowing from a Bigtech Platform

Jian Jane Li¹, Stefano Pegoraro²

1: Columbia University; 2: University of Notre Dame, Mendoza College of Business

Financial Breakups

Alexander Butler¹, Ioannis Spyridopoulos², Yessenia Tellez³, Billy Xu⁴

1: Rice University; 2: American University; 3: Virginia Tech; 4: University of Rochester

HFTs and Dealer Banks: Liquidity and Price Discovery in FX Trading

Wenqian Huang¹, Shihao Yu³, Angelo Ranaldo², Peter O'neill⁴

1: BIS; 2: University of St. Gallen and Swiss Finance Institute,; 3: Columbia University; 4: UNSW

Monetary Policy in the Age of Universal Banking

Michael Gelman¹, Itay Goldstein², Andrew MacKinlay³

1: University of Delaware; 2: Wharton School, University of Pennsylvania; 3: Virginia Tech

Board Diversity in Private Vs. Public Firms

Johan Cassel¹, James P. Weston², Emmanuel Yimfor³

1: Vanderbilt University; 2: Jones Graduate School of Business, Rice University; 3: Columbia University

Responsible Consumption, Demand Elasticity, and the Green Premium

Xuhui Chen, Lorenzo Garlappi, Ali Lazrak

UBC

The Corporate Bond Factor Zoo

Alexander Dickerson¹, Christian Julliard², Philippe Mueller³

1: University of New South Wales; 2: London School of Economics; 3: University of Warwick

Dissecting Disagreement in Valuations: Inputs and Outcomes

Paul Decaire¹, Denis Sosyura¹, Michael Wittry²

1: Arizona State University; 2: Ohio State University

Impact of Robo-advisors on the Labor Market for Financial Advisors

Ishitha Kumar

Emory University

Bankruptcy Lawyers and Credit Recovery

Brian Jonghwan Lee

Columbia Business School

The Market for Sharing Interest Rate Risk: Quantities and Asset Prices

Ishita Sen¹, Jian Jane Li², Umang Khetan³, Ioana Neamtu⁴

1: Harvard Business School; 2: Columbia Business School, United States of America; 3: University of Iowa; 4: Bank of England

Spatially Targeted LTV Policies and Collateral Values

Chun-Che Chi¹, Cameron LaPoint², Ming-Jen Lin³

1: Academia Sinica, Institute of Economics; 2: Yale School of Management; 3: National Taiwan University

Political Connections and Public Pension Fund Investments: Evidence from Private Equity

Jaejin Lee

University of Illinois at Urbana and Champaign

A Breath of Change: Can Personal Exposures Drive Green Preferences?

Steffen Andersen¹, Dmitry Chebotarev², Fatima Zahra Filali-Adib³, Kasper Meisner Nielsen³

1: Danmarks Nationalbank; 2: Indiana University Bloomington; 3: Copenhagen Business School

Common Risk Factors in the Returns on Stocks, Bonds (and Options), Redux

Zhongtiam Chen¹, Nikolai Roussanov¹, Xiaoliang Wang², Dongchen Zou¹

1: University of Pennsylvania; 2: HKUST

Crash Narratives

Dasol Kim¹, Will Goetzmann², Bob Shiller²

1: Office of Financial Research; 2: Yale University

Digital Veblen Goods

Sebeom Oh¹, Samuel Rosen¹, Anthony Lee Zhang²

1: Temple University; 2: University of Chicago

Borrow Now, Pay Even Later: A Quantitative Analysis of Student Debt Payment Plans

Nuno Clara¹, Michael Boutros², Francisco Gomes³

1: Duke University; 2: Bank of Canada; 3: London Business School

Information Leakage from Short Sellers

Fernando Chague¹, Bruno Giovannetti¹, Bernard Herskovic²

1: Getulio Vargas Foundation - Sao Paulo School of Economics; 2: UCLA Anderson and NBER

Diverging Paths in Banks’ Business Models: New Facts and Macro Implications

Jinyuan Zhang, Shohini Kundu, Tyler Muir

UCLA

Under Pressure: The Increasing Turnover-Performance Sensitivity for Corporate Directors

Thomas Bates¹, David Becher², Jared Wilson³

1: Arizona State University; 2: Drexel University; 3: Indiana University

The Benchmark Greenium

Stefania D'Amico², Nathaniel Pancost¹, Johannes Klausmann³

1: University of Texas at Austin; 2: Federal Reserve Bank of Chicago; 3: University of Virginia

A Non-Linear Market Model

Tobias Sichert

Stockholm School of Economics

End of an era: The coming long-run slowdown in corporate profit growth and stock returns

Michael Smolyansky

Federal Reserve

Deciphering the Impact of BigTech Consumer Credit

Lei Chen¹, Wenlan Qian², Albert Di Wang³, Qi Wu⁴

1: School of Accounting, Southwestern University of Finance and Economics; 2: NUS Business School, National University of Singapore; 3: McCombs School of Business, The University of Texas at Austin; 4: School of Data Science, City University of Hong Kong

Explaining Racial Disparities in Personal Bankruptcy Outcomes

Bronson Argyle¹, Sasha Indarte², Ben Iverson¹, Christopher Palmer³

1: BYU; 2: Wharton; 3: MIT Sloan

(Re)call of Duty: Mutual Fund Securities Lending and Proxy Voting

Tao Li¹, Qifei Zhu²

1: University of Florida; 2: Nanyang Technological University

Unintended Consequences of QE: Real Estate Prices and Financial Stability

Tobias Berg¹, Rainer Haselmann¹, Thomas Kick², Sebastian Schreiber¹

1: Goethe University; 2: Bundesbank

Do Board Connections between Product Market Peers Impede Competition?

Radha Gopalan¹, Renping Li¹, Alminas Zaldokas²

1: Washington University in St. Louis; 2: National University of Singapore

Too Levered for Pigou: Carbon Pricing, Financial Constraints, and Leverage Regulation

Robin Döttling¹, Magdalena Rola-Janicka²

1: Erasmus University Rotterdam; 2: Imperial College London

Dollar and Carry Redux

Thomas Andreas Maurer¹, Andrea Vedolin², Sining Liu³, Yaoyuan Zhang¹

1: The University of Hong Kong; 2: Boston University; 3: Soochow University

The Making of Momentum: A Demand-System Perspective

Paul Huebner

Stockholm School of Economics

AI-Powered Trading, Algorithmic Collusion, and Price Efficiency

Winston Dou¹, Itay Goldstein¹, Yan Ji²

1: The Wharton School at University of Pennsylvania; 2: HKUST

Household Debt Overhang and Human Capital Investment

Gustavo Manso², Alejandro Rivera¹, Hui Grace Wang³, Han Xia¹

1: UT-Dallas; 2: UC-Berkeley; 3: Bentley Univeristy

Passive investors in primary bond markets

Michele Dathan¹, Caitlin Dannhauser²

1: Federal Reserve Board of Governors; 2: Villanova University

How (in)effective was bank supervision during the 2022 Monetary Tightening?

Yadav Krishna Gopalan^1,2, Joao Granja³

1: Indiana University; 2: Federal Reserve Bank of St. Louis; 3: University of Chicago

Diversity, Equity, and Inclusion

Alex Edmans¹, Caroline Flammer², Simon Glossner³

1: London Business School, CEPR, and ECGI; 2: Columbia University, NBER, and ECGI; 3: Federal Reserve Board

How Anti-ESG Pressure Affects Investment: Evidence from Retirement Savings

Jane Danyu Zhang

UCLA Anderson School of Management

Political risk everywhere

Vito Gala¹, Giovanni Pagliardi², Ivan Shaliastovich³, Stavros Zenios⁴

1: Morningstar Investment Management LLC; 2: BI Norwegian Business School; 3: University of Wisconsin-Madison; 4: Durham University and University of Cyprus

Monetary Policy, Extrapolation Bias, and Misallocation

Yuchen Chen

University of Illinois Urbana-Champaign

Financial and Informational Integration Through Oracle Networks

Will Cong¹, Eswar Prasad¹, Daniel Rabetti²

1: Cornell University; 2: National University of Singapore

Credit Card Borrowing in Heterogeneous-Agent Models: Reconciling Theory and Data

Sean Chanwook Lee¹, Peter Maxted²

1: Harvard University; 2: UC Berkeley

Nonbank Market Power in Leveraged Lending

Franz Hinzen

Tuck School of Business at Dartmouth

Monetary Policy Wedges and the Long-term Liabilities of Households and Firms

Marco Grotteria¹, Jules van Binsbergen²

1: London Business School; 2: University of Pennsylvania

Decentralized Governance and Digital Asset Prices

Jillian Grennan¹, Ian Appel²

1: University of California, Berkeley; 2: University of Virginia, United States of America

How Should Climate Change Uncertainty Impact Social Valuation and Policy?

Michael Barnett¹, William Brock², Lars Peter Hansen³, Hong Zhang⁴

1: Arizona State University; 2: University of Wisconsin; 3: University of Chicago; 4: Argonne National Laboratory

A unified explanation for the decline of the value premium and the rise of the markup

Xiaoji Lin¹, Chao Ying², Terry Zhang³

1: University of Minnesota; 2: CUHK Business School; 3: Australian National University

Economic Growth through Diversity in Beliefs

Christian Heyerdahl-Larsen², Philipp Illeditsch¹, Howard Kung³

1: Texas A&M University; 2: BI Oslo; 3: LBS

Stock Market Wealth and Entrepreneurship

Gabriel Chodorow-Reich³, Plamen Nenov^1,2, Vitor Santos², Alp Simsek⁴

1: Norges Bank; 2: BI Norwegian Business School; 3: Harvard University; 4: Yale School of Management

Anticompetitive Price Referencing

Vincent van Kervel¹, Bart Zhou Yueshen²

1: Pontificia universidad católica de Chile; 2: Singapore Management University

Voting Choice

Andrey Malenko, Nadya Malenko

Boston College

CEO compensation and cash-flow shocks: Evidence from changes in environmental regulations

Seungho Choi¹, Ross Levine², Raphael Jonghyeon Park³, Simon Xu⁴

1: Hanyang University; Queensland University of Technology; 2: Stanford University; 3: University of Technology Sydney; 4: Harvard University

Firms with Benefits? Nonwage Compensation and Implications for Firms and Labor Markets

Paige Ouimet¹, Geoff Tate²

1: UNC; 2: University of Maryland

Shrinking the Term Structure

Damir Filipovic¹, Markus Pelger², Ye Ye²

1: EPFL and Swiss Finance Institute; 2: Stanford University

A Tale of Two Networks: Common Ownership and Product Market Rivalry

Florian Ederer², Bruno Pellegrino¹

1: Columbia University; 2: Boston University

Microfounding Household Debt Cycles with Extrapolative Expectations

Francesco D’Acunto¹, Michael Weber², Xiao Yin³

1: Georgetown University; 2: University of Chicago; 3: UCL

Minding Your Business or Minding Your Child? Motherhood and the Entrepreneurship Gap

Valentina Rutigliano

University of British Columbia

Dealer Capacity and US Treasury Market Functionality

Darrell Duffie¹, Michael Fleming², Frank Keane², Claire Nelson³, Or Shachar², Peter Van Tassel⁴

1: Stanford University; 2: Federal Reserve Bank of New York; 3: Princeton University; 4: Independent

Optimal Information and Security Design

Nicolas Inostroza¹, Anton Tsoy²

1: University of Toronto; 2: University of Toronto

Financial Distress and the Green Transition

Yasser Boualam, Aymeric Bellon

UNC - Chapel Hill

Create Your Own Valuation

Minmo Gahng

Cornell University

The Long-Term Effects of Inflation on Inflation Expectations

Fabio Braggion¹, Felix von Meyerinck², Nic Schaub³, Michael Weber⁴

1: University of Tilburg; 2: University of Zurich; 3: WHU -- Otto Beisheim School of Management; 4: University of Chicago Booth

Stagflationary Stock Returns

Yannick Timmer, Ben Knox

Federal Reserve Board

Return Heterogeneity in Retirement Accounts

Andrea Tamoni¹, Lorenzo Bretscher², Riccardo Sabbatucci³

1: Rutgers Business School; 2: University of Lausanne; 3: Stockholm School of Economics

Venture Labor: A Nonfinancial Signal for Start-up Success

Sean Cao¹, Jie He², Zhilu Lin³, Xiao Ren⁴

1: University of Maryland; 2: University of Georgia; 3: Clarkson University; 4: Chinese University of Hong Kong, Shenzhen

What Does Best Execution Look Like?

Thomas Ernst¹, Andrey Malenko², Chester Spatt³, Jian Sun⁴

1: University of Maryland; 2: Boston College; 3: Carnegie Mellon University; 4: Singapore Management University

The Efficiency of Patent Litigation

Samuel Antill¹, Murat Alp Celik², Xu Tian³, Toni M. Whited⁴

1: Harvard Business School; 2: University of Toronto; 3: Terry College of Business, University of Georgia; 4: University of Michigan and NBER

Opening the Brown Box: Production Responses to Environmental Regulation

Rebecca De Simone¹, S. Lakshmi Naaraayanan¹, Kunal Sachdeva²

1: London Business School; 2: Jesse H. Jones Graduate School of Business, Rice University

Banking on Education: How Credit Access Promotes Human Capital Development

Suzanne Chang¹, Saravana Ravindran²

1: Tulane University; 2: National University of Singapore

Fragility of Safe Asset Markets

Thomas M Eisenbach¹, Gregory Phelan²

1: New York Fed; 2: Williams College

Markup Shocks and Asset Prices

Alexandre Corhay¹, Jun Li², Jincheng Tong¹

1: University of Toronto; 2: University of Warwick

Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice

Aizhan Anarkulova¹, Scott Cederburg², Michael O'Doherty³

1: Emory University; 2: University of Arizona; 3: University of MIssouri

How Financial Markets Create Superstars

Spyros Terovitis¹, Vladimir Vladimirov^1,2

1: University of Amsterdam; 2: CEPR

Who Is Minding the Store? Order Routing and Competition in Retail Trade Execution

Xing Huang¹, Philippe Jorion², Mina Lee³, Christopher Schwarz²

1: Washington University in St. Louis; 2: UC Irvine; 3: Federal Reserve Board

Executive Compensation with Social and Environmental Performance

Pierre Chaigneau¹, Nicolas Sahuguet²

1: Queen's University; 2: HEC Montreal

Labor Exposure to Climate Risk, Productivity Loss, and Capital Deepening

Zhanbing Xiao

Harvard University

What Do Unions Do? Incentives and Investments

Vojisav Maksimovic, Liu Yang

University of Maryland

Inflation and Treasury Convenience

Anna Cieslak¹, Wenhao Li², Carolin Pflueger³

1: Duke University and NBER; 2: University of Southern California; 3: University of Chicago and NBER

Investing in Misallocation

Mete Kilic, Selale Tuzel

University of Southern California

Partial Homeownership: A Quantitative Analysis

Eirik Eylands Brandsaas¹, Jens Soerli Kvaerner²

1: Federal Reserve Board; 2: Tilburg University

Mobile Apps, Firm Risk, and Growth

Xi Sissi Wu

University of California-Berkeley

Automated Exchange Economies

Bryan Routledge¹, Yikang Shen², Ariel Zetlin-Jones³

1: Carnegie Mellon University; 2: Carnegie Mellon University; 3: Carnegie Mellon University

The Rise and Fall of Investment: Rethinking Q theory in Equilibrium

Xinwei LI

INSEAD

When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets

Parinitha {Pari} Sastry¹, Ishita Sen², Ana-Maria Tenekedjieva³

1: Columbia Business School; 2: Harvard Business School; 3: Federal Reserve Board

The Talent Gap in Family Firms

Morten Bennedsen¹, Margarita Tsoutsoura², Daniel Wolfenzon³

1: Copenhagen University; 2: Washington University in St. Louis; 3: Columbia University

What about Japan?

YiLi Chien¹, Harold Cole², Hanno Lustig³

1: Federal Reserve Bank of Saint Louis; 2: University of Pennsylvania; 3: Stanford GSB

Inflation Surprises and Equity Returns

Antonio Gil de Rubio Cruz, Emilio Osambela, Berardino Palazzo, Francisco Palomino, Gustavo Suarez

Board of Governors of the Federal Reserve System

The Cross-section of Subjective Expectations: Understanding Prices and Anomalies

Sean Myers¹, Ricardo De la O², Xiao Han³

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

Revenue-Based Financing

Dominic Russel, Claire Shi, Rowan Clarke

Harvard University

Information Intermediaries and the Distorting Effect of Incomplete Data

Sara Easterwood

Virginia Tech

Modeling Managers As EPS Maximizers

Itzhak Ben-David¹, Alex Chinco²

1: The Ohio State University, Fisher School of Business; 2: Baruch College

Divestment and Engagement: The Effect of Green Investors on Corporate Carbon Emissions

John G. Matsusaka¹, Matthew Kahn², Chong Shu³

1: University of Southern California; 2: University of Southern California; 3: University of Utah

Intergenerational Conflict in Education Financing: Evidence from A Decade of Bond Referenda

Livia Yi

Boston College

Do Municipal Bond Investors Pay a Convenience Premium to Avoid Taxes?

Matthias Fleckenstein¹, Francis A. Longstaff²

1: University of Delaware; 2: UCLA Anderson School of Management and NBER

The Present Value of Future Market Power

Thummim Cho¹, Marco Grotteria², Lukas Kremens³, Howard Kung²

1: Korea University Business School, Korea; 2: London Business School, UK; 3: University of Washington, US

Insurance versus Moral Hazard in Income-Contingent Student Loan Repayment

Tim de Silva

MIT Sloan School of Management

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: University of Illinois Urbana-Champaign; 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