When firms are forced to publicly disclose financial information, credit rating agencies are generally expected to improve their risk assessments. Theory predicts such an information quality effect but also…
The COVID-19 pandemic exogenously hit many economies early 2020. Exploiting treatment heterogeneity, we use a conditional difference-in-differences design to causally identify how COVID-19 impacted firms'…
We analyze variation in firm performance as a function of the international diversification of ICT imports by firms. Drawing on administrative data from 2010 and 2014 on nearly 4000 German manufacturing firms, we…
Combinatorial auctions, which allow bidders to bid not only on individual items but also on packages of items and to express complementary and substitute relationships between items, have rarely been used for…
This paper explores the effect of own and peer attractiveness on various measures of academic performance. Using data from the National Longitudinal Survey of Adolescent Health (Add Health), we focus on high…
Does large-scale refugee immigration affect crime rates in receiving countries? We address this question based on the large and unexpected refugee inflow to Germany that peaked in 2015–2016. Arriving refugees…
The properties of emerging, digital, and general-purpose technologies make it hard to empirically capture adoption by firms and theoretically its determinants. This study builds on epidemic models of inter-firm…
How do patient and provider incentives affect the provision of long-term care? Our analysis of 551 thousand nursing home stays yields three main insights. First, Medicaid-covered residents prolong their stays…
