We review research on the effects of banks on the real economy, including, but not limited to
articles in this Special Issue of the Journal of Corporate Finance. We focus primarily on US …

This paper assesses different econometric approaches to working with count-based
outcome variables and other outcomes with similar distributions, which are increasingly …

This study explores the question of whether building a unified carbon market is a blessing or
a curse for enterprises in China under the background of global carbon emission reduction …

China initiated a major reform for capital taxation in 2004. Completed in 2009, it introduced
permanent tax incentives for firms' investment in fixed assets. We explore a unique firm-level …

Taking the implementation of the “Green Credit Guidelines” in China in 2012 as an
exogenous shock, we adopt the difference-in-differences (DIDs) method to explore the …

Resource utilisation efficiency promotion is a crucial focus of green economic recovery, and
the development of green finance could ease the liquidity constraints of this process. This …

Assessing the state of American entrepreneurship requires not simply counting the quantity
but also the initial quality of new ventures. Combining comprehensive business registries …

We find that bank liquidity creation (LC) is statistically and economically significantly
positively related to real economic output (GDP). This is robust to using instrumental …

This paper studies whether and how mandatory nonfinancial disclosure affects firms' real
decisions. I exploit a disclosure regulation enacted in California, which mandates that firms …

With the rise of emerging economies such as China, the research environment for the digital
economy (DE) has changed significantly. However, our understanding of the productivity …