Annual Conference

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International Macroeconomics, Money & Banking, Senior Fellows/Fellows

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May 2015

Disguised corruption: Evidence from consumer credit in China

Jian ZHANG, Sumit AGARWAL, Wenlan QIAN, Amit SERU
Using a comprehensive sample of credit card data from a leading Chinese bank, we show that government bureaucrats receive 16% higher credit lines than non-bureaucrats with similar income and demographics, but their accounts experience a significantly higher likelihood of delinquency and debt forgive...
Keywords: Corruption, Credit Cards, Credit, Debt, Household Finance, Government, Bureaucrats, banking, Political Connections, China
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Annual Conference

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Trade, Growth and Development

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May 2025

Disentangling Various Explanations for the Declining Labor Share: Evidence from Millions of Firm Records

Ann HARRISON
This paper uses millions of records from a cross-country and time series database of establishments for France, Germany, Hungary, Sweden, and South Korea to disentangle the role of technological change, intangible assets, market power, and globalization in driving changes in the labor share. This is...
Keywords: labor share, globalization, technological change, market power, inequality, labor demand
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Annual Conference

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International Macroeconomics, Money & Banking

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May 2019

Disentangling the supply and demand factors of household credit in Malaysia - Evidence from the credit register

Jiaming SOH
This paper isolates the demand and supply factors of credit extension. We construct a new dataset that combines loan application information from the credit register with individuals’ income and banks’ balance sheet for the period 2014-2016. Using this dataset, we verify the importance of banks'...
Keywords: Supply factor, demand factor, household loan approval, credit register, funding ratio
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Annual Conference

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Corporate Finance

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May 2024

Discrimination in Two-sided Matching Market Experimental and Theoretical Evidence in Entrepreneurial Finance

Junlong FENG, Ofir GEFEN, Ye ZHANG, Weijie ZHONG
To explain the unique persistent gender gap in the US entrepreneurial community, this paper conducts an experiment with real US startup founders. Results show that male entrepreneurs have implicit gender discrimination against female investors due to statistical discrimination. The discrimination is...
Keywords: Discrimination, Matching, Field Experiments, Venture Capital, Entrepreneurship
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Annual Conference

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Accounting

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May 2017

Disclosure Frequency Induced Earnings-Cash Flow Conflict and the Decision to be Public

Vicki W. TANG, Kevin Ke LI
We examine whether disclosure frequency induced earnings-cash flow conflict influences the types of firms that choose to be public. Using the length of the cash conversion cycle to proxy for the disclosure frequency induced conflict between short-term reported earnings and total cash flows, we find ...
Keywords: managerial myopic behavior, mandatory disclosure frequency, earnings-cash flow conflict
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