We develop an endogenous growth model with expanding variety in which asymmetric
information frictions arise when R&D firms need access to external funding to finance their …

Firms differ in the extent to which they use variable pay. Using US employee-employer
matched data on variable pay from Glassdoor, we document such dispersion and find …

In examining the staggered recognition of the Inevitable Disclosure Doctrine (IDD) as an
exogenous shock to trade secret protection, we demonstrate that firms display lower stock …

Examining the staggered adoption of universal demand (UD) laws as an exogenous shock
to shareholder litigation risk, we show that firms have lower stock returns following that …

By leveraging US state-level employment protection laws, we provide evidence that such
laws increase stock market participation, on both intensive and extensive margins. Young …