Adrien Matray

TL;DR: In this article, the authors study whether R&D-intensive firms are more resilient to trade shocks and provide evidence that this effect is explained by the large stock-of-R&D allowing firms to increase product differentiation.

TL;DR: Van Nieuwerwerburgh et al. as discussed by the authors found that an exogenous expansion of bank branches increases low-income household financial inclusion, and that financial inclusion fosters household wealth accumulation.

TL;DR: Goldstein et al. as mentioned in this paper argue that firms significantly reduce their investment in response to non-fundamental drops in the stock price of their product-market peers, and that this result stems from managers' limited ability to filter out the noise in stock prices when using them as signals about their investment opportunities.

TL;DR: The authors study how managers respond to the occurrence of a hurricane event when their firms are located in the neighborhood of the disaster area and find that the sudden shock to the perceived liquidity risk leads managers to increase the amount of corporate cash holdings, even though the real liquidity risk remains unchanged.

TL;DR: The authors study how managers respond to the occurrence of a hurricane event when their firms are located in the neighborhood of the disaster area and find that the sudden shock to the perceived liquidity risk leads managers to increase the amount of corporate cash holdings, even though the real liquidity risk remains unchanged.