Zobrazeno 1 - 10
of 19
pro vyhledávání: '"Leming Lin"'
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
Autor:
Leming Lin
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
Journal of Financial Economics. 134:214-235
We study the effect of property rights institutions in host countries, the institutions protecting investors from expropriation by host country agents, on the geographic structure and valuation of US multinational corporations (MNCs). We provide firm
Autor:
Leming Lin
Publikováno v:
The Review of Financial Studies. 33:2622-2658
I show that households’ demand for retail deposits decreases during stock market booms, which induces a contraction in bank lending and a decrease in real activity in bank-dependent firms. I identify this channel using geographic heterogeneity in h
Autor:
Leming Lin
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
The rapid increase in U.S. house prices during the 2001--2006 period was accompanied by a historically rapid expansion of bank assets. We exploit cross-regional variation in local housing booms to study how housing demand shocks affected the growth o
Publikováno v:
SSRN Electronic Journal.
Despite the economic importance of the U.S. stock market, there is strikingly little evidence of its impact on elections. Using county-level variation in stock market participation, we document a causal impact of market returns on election outcomes.
Autor:
Leming Lin1 llin@katz.pitt.edu
Publikováno v:
Management Science. Jan2016, Vol. 62 Issue 1, p111-127. 17p. 10 Charts, 1 Graph.
Publikováno v:
SSRN Electronic Journal.
Using novel data on detailed country-level sales exposures of U.S. multinational companies (MNCs) and unique identification strategies, we show that international cash flow diversification enhances firm debt capacity, but the magnitude of this effect