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A Theory of Socially Responsible Investment

Marcus Opp , Martin Oehmke   Mar 27,2023

Working Paper No.00093-00

We characterize the conditions under which a socially responsible (SR) fund induces firms to reduce externalities, even when profit-seeking capital... Read More

A Theory of Socially Responsible Investment

Marcus Opp , Martin Oehmke   Mar 27,2023

Working Paper No.00093-00

We characterize the conditions under which a socially responsible (SR) fund induces firms to reduce externalities, even when profit-seeking capital... Read More

Screening with Securities

Nicolas Figueroa, Nicolas Inostroza   Apr 26,2023

Working Paper No.00097-00

A liquidity-constrained asset owner designs an asset-backed security to raise funds from an informed liquidity supplier. Information insensitive securities reduce... Read More

Persuading Multiple Audiences: Strategic Complementarities and (Robust) Regulatory Disclosures

Nicolas Inostroza   Apr 26,2023

Working Paper No.00098-00

How much information about financial institutions' balance sheets should regulators pass on to the market? To minimize the probability of... Read More

A Model of Influencer Economy

Siguang Li, Lin William Cong (叢林)   May 22,2023

Working Paper No.00101-00

With the rise of social media and streaming platforms, firms and brand-owners increasingly depend on influencers to attract consumers, who... Read More

A Model of Influencer Economy

Siguang Li, Lin William Cong (叢林)   May 22,2023

Working Paper No.00101-00

With the rise of social media and streaming platforms, firms and brand-owners increasingly depend on influencers to attract consumers, who... Read More

A Model of Influencer Economy

Siguang Li, Lin William Cong (叢林)   May 22,2023

Working Paper No.00101-00

With the rise of social media and streaming platforms, firms and brand-owners increasingly depend on influencers to attract consumers, who... Read More

A Model of Influencer Economy

Siguang Li, Lin William Cong (叢林)   May 22,2023

Working Paper No.00101-00

With the rise of social media and streaming platforms, firms and brand-owners increasingly depend on influencers to attract consumers, who... Read More

A Model of Influencer Economy

Siguang Li, Lin William Cong (叢林)   May 22,2023

Working Paper No.00101-00

With the rise of social media and streaming platforms, firms and brand-owners increasingly depend on influencers to attract consumers, who... Read More

Debt Maturity Choice and Aggregate Growth

Orit Milo, Jacob Sagi   Jul 10,2023

Working Paper No.00103-00

We find that a measure of aggregate corporate debt maturity choices strongly predicts real GDP growth. The new measure compares... Read More