We examine how negative liquidity shocks to households propagate to the firms they own. Our main tool for identification is a tax-driven shock to the...
We contribute to the debate about the future of capital markets and corporate finance, which has ensued against the background of a significant boom in...
The last twenty years or so have seen a sharp decline in public equity. I present a framework that explains the forces that cause the listing propensity of...
The interaction between household finance and corporate finance may be particularly strong in private firms. First, private firms often face...Read more