Senior Fellows/Fellows

|

Senior Fellows/Fellows

Why Working From Home Will Stick

Steven J. DAVIS, Nicholas A. BLOOM, Jose Maria BARRERO
COVID-19 drove a mass social experiment in working from home (WFH). We survey more than 30,000 Americans over multiple waves to investigate whether WFH will stick, and why. Our data say that 20 percent of full workdays will be supplied from home after the pandemic ends, compared with just 5 percent ...
Keywords: COVID, working-from-home
  • View
  • Download
  • Bookmark
  •    |   

Annual Conference

|

Capital Market Development: China and Asia

|

May 2013

Why Investors Do Not Buy Cheaper Securities: Evidence from a Natural Experiment

Baolian WANG, Kalok CHAN, Zhishu YANG
We examine the trading behavior of Chinese domestic investors after they were given access to the B-share market in 2001. Surprisingly, we find that only 2% of investors began buying B shares. Even among these 2%, investors were less likely to buy B shares if they had more experience in the A-share ...
Keywords: A/B share prices, portfolio inertia, trading experience, trading performance
  • View
  • Download
  • Bookmark
  •    |   

Senior Fellows/Fellows

|

Senior Fellows/Fellows

Why Have Negative Nominal Interest Rates Had Such a Small Effect on Bank Performance? Cross Country Evidence

Andrew K. ROSE, Jose A. LOPEZ, Mark M. SPIEGEL
We explore the effect of negative nominal interest rates on bank profitability and behavior using non‐structural techniques and a cross‐country panel of over 5,200 banks in 27 countries.  Our data set includes annual observations for Japanese and European banks between 2010 and 2017, and covers...
Keywords: zero, effective, lower, bound, data, firm, empirical, regression, panel, deposit, size
  • View
  • Download
  • Bookmark
  •    |   

Senior Fellows/Fellows

Why Does Working from Home Vary Across Countries and People?

Pablo ZARATE, Mathias DOLLS, Steven J. DAVIS, Nicholas A. BLOOM, Jose Maria BARRERO, Cevat Giray AKSOY
We use two surveys to assess why work from home (WFH) varies so much across countries and people. A measure of cultural individualism accounts for about one-third of the cross-country variation in WFH rates. Australia, Canada, the UK, and the US score highly on individualism and WFH rates, whereas A...
  • View
  • Download
  • Bookmark
  •    |   

Annual Conference

|

Accounting, Senior Fellows/Fellows

|

May 2017

Why Do Publicly Listed Firms Evade Taxes? Evidence from China

Bin KE, Yao ZHANG, Travis CHOW, Hongqi YUAN
Taking advantage of the mandatory disclosure of detected corporate tax evasions in China, we examine why publicly listed firms evade taxes. Different from most prior studies that focus on corporate income tax avoidance, we consider tax evasions related to both income taxes and non-income taxes. We a...
Keywords: tax avoidance, Tax evasion, China, SOE
  • View
  • Download
  • Bookmark
  •    |