Corporate finance

    Papers & Opinions


    Paper


    Posted on 9 December 2024

    We study the extent to which individuals' consumption decisions are influenced by firms' stances on controversial social issues and the implied incentives for firms to take such stances. We use...

    Paper


    Posted on 22 December 2023

    This study explores whether firms adjust their liquidity in response to heightened uncertainty and expropriation risk associated with populism. Using an event study approach, we consistently find that firms reduce...