Does PAPI monitoring improve local governance? Evidence from a natural experiment in Vietnam

Taxes, Institutions and Local Governance: Evidence from a Natural Experiment in Colonial Nigeria

Can local colonial institutions continue to affect people’s lives nearly 50 years after decolonization? Can meaningful differences in local institutions persist within a single set of national incentives? The literature on colonial legacies has largely focused on cross country comparisons between former French and British colonies, large-n cross sectional analysis using instrumental variables, ...

Does Corporate Governance Affect Earnings Management? Evidence from Vietnam

This study investigates how corporate governance characteristics affect earnings management of firms in Vietnam. In particular, we examine whether firm’s use of discretionary accruals is influenced by board size, state ownership and foreign ownership. Our empirical analysis is based on a relatively large sample of 570 non-financial Vietnamese listed firms from 2010 to 2014. We find that larger ...

Preliminary Does Mandated Financial Counseling Improve Mortgage Decision-Making? Evidence from a Natural Experiment

Does Access to Finance Improve Productivity? Evidence from a Natural Experiment

We study the relation between access to finance and productivity at the county level. We exploit an exogenous shift in demand for a product to expose how producers adapt their productivity in the presence of varying levels of access to finance. We use a differences-in-differences-indifferences testing approach and find that production increases the most over the sample period in counties with r...

Does Adverse Selection Matter? Evidence From a Natural Experiment

The empirical evidence of adverse selection in insurance markets is mixed. The problem in assessing the extent of adverse selection is that private information, on which agents act, is generally unobservable to the researcher, which makes it di¢ cult to distinguish adverse selection from moral hazard. Unique micro data, from a dental insurance natural experiment, is here used to provide a direc...