In this article, I review the theoretical and empirical literature on the effects of public and
private equity markets on firm behavior, emphasizing the consequences that emerge from …

This study is an attempt to review relevant literature on the theme of corporate real
investment decisions. We have conducted a comprehensive survey of literature on the …

The number of US publicly traded firms has halved in 20 years. How will this shift in
ownership structure affect the economy's externalities? Using comprehensive data on …

In this paper, we examine the relation between innovation and a firm's financial dependence
using a sample of privately held and publicly traded US firms. We find that public firms in …

This article argues that firms' balance sheets were instrumental in the transmission of
consumer demand shocks during the Great Recession. Using micro-level data from the US …

We investigate whether short-termism distorts the investment decisions of stock market-listed
firms. To do so, we compare the investment behavior of observably similar public and private …

This paper conducts a textual analysis of earnings call transcripts to quantify climate risk
exposure at the firm level. We construct dictionaries that measure physical and transition …

We construct an event-based outcome measure of firm-level environmental, social, and
governance (ESG) impact for public and private firms globally from 2007 to 2015 using data …

This paper examines how labor mobility restrictions like noncompete agreements affect
firms' investment decisions. Using matched employee-employer data from LinkedIn, I show …

Abstract Central Environmental Protection Inspection (CEPI) is an important innovative
measure meant to improve the health of China's environment. In view of this, based on the" …