FEDS Paper: Corporate Mergers and Acquisitions Under Lender Scrutiny
Buhui QIu, Teng WangThis paper examines corporate mergers and acquisitions (M&A) outcomes under lender scrutiny. Using the unique shocks of...
FEDS Paper
FEDS Paper: Navigating Higher Education Insurance: An Experimental Study on Demand and Adverse Selection
Sidhya Balakrishnan, Eric Bettinger, Michael S. Kofoed, Dubravka Ritter, Douglas A. Webber, Ege Aksu, and Jonathan S. HartleyWe conduct a...
FEDS Paper: Does it Pay to Send Multiple Pre-Paid Incentives? Evidence from a Randomized Experiment
Andrew C. Chang, Joanne W. Hsu, Eva Ma, Kate Bachtell, and Micah SjoblomTo encourage survey participation and improve sample representativeness,...
FEDS Paper: Assessing the Common Ownership Hypothesis in the US Banking Industry
Serafin Grundl and Jacob GramlichThe U.S. banking industry is well suited to assess the common ownership hypothesis (COH), because thousands...
FEDS Paper: Financial Stability Implications of CBDC
Francesca Carapella, Jin-Wook Chang, Sebastian Infante, Melissa Leistra, Arazi Lubis, and Alexandros P. VardoulakisA Central Bank Digital Currency (CBDC) is...
FEDS Paper: Tracking Real Time Layoffs with SEC Filings: A Preliminary Investigation
Leland D. Crane, Emily Greene, Molly Harnish, Will McClennan, Paul E. Soto, Betsy Vrankovich, and Jacob WilliamsWe explore a new...
FEDS Paper: Risk Perception and Loan Underwriting in Securitized Commercial Mortgages
Simon Firestone, Nathan Godin, Akos Horvath, Jacob SagiWe use model-implied volatility to proxy for property risk perceptions in the commercial...
FEDS Paper: Institution, Major, and Firm-Specific Premia: Evidence from Administrative Data
Ben Ost, Weixiang Pan, and Douglas WebberWe examine how a student’s field of degree and institution attended contribute to the...
FEDS Paper: A New Measure of Climate Transition Risk Based on Distance to a Global Emission Factor Frontier
Benjamin N. Dennis, Talan B. İşcan
FEDS Paper: On Commercial Construction Activity’s Long and Variable Lags
David Glancy, Robert J. Kurtzman, and Lara LoewensteinWe use microdata on the phases of commercial construction projects to document three...
