Preprint

Credit Market Driven Acquisitions

In a comprehensive sample of takeovers from 1983–2020, we show that credit market conditions predict takeover activity. A deterioration in aggregate credit quality predicts an …

huseyin-gulen

Controlling for group-level heterogeneity in causal forest

The use of causal forests to recover heterogeneous treatment effects for randomized interventions is growing. As with any estimator, controlling for group- or strata-level …

candace-e.-jens

Change in capitol: How a 60 Minutes exposé and the STOCK Act affected the investment activity of U.S. Senators

United States Senators' equity trades outperformed the market before 60 Minutes exposed arguably unethical trading activity by Congress members, leading to the passage of the Stop …

ian-cherry