Browsing LIF-SAFE Working Papers by Research Area "Law and Finance"
Now showing items 1-6 of 6
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Biases in Information Selection and Processing: Survey Evidence from the Pandemic
(2021-02-10)How people form beliefs is crucial for understanding decision-making un- der uncertainty. This is particularly true in a situation such as a pandemic, where beliefs will affect behaviors that impact public health as well ... -
Financing Conditions and Toxic Emissions
(2019-07-27)Exploiting heterogeneity in U.S. firms' exposure to an unconventional monetary policy shock that reduced debt financing costs, I identify the impact of financing conditions on firms' toxic emissions. I find robust evidence ... -
Motivated Beliefs and the Elderly's Compliance with COVID-19 Measures
(2021-01-26)Although the elderly are more vulnerable to COVID-19, the empirical evidence suggests that they do not behave more cautiously in the pandemic than younger individuals. This theoretical model argues that some individuals ... -
The role of disclosure in green finance
(2021-08-23)We study the design features of disclosure regulations that seek to trigger the green transition of the global economy and ask whether such regulatory interventions are likely to bring about sufficient market discipline ... -
The Value of Firm Networks: A Natural Experiment on Board Connections
(2020-04-13)This paper presents causal evidence of the effects of boardroom networks on firm value and compensation policies. We exploit exogenous variation in network centrality arising from a ban on interlocking directorates of ... -
The Value of Firm Networks: A Natural Experiment on Board Connections
(2021-08-03)We present causal evidence on the effect of boardroom networks on firm value and compensation policies. We exploit a ban on interlocking directorates of Italian financial and insurance companies as exogenous variation and ...