Auflistung LIF-SAFE Working Papers nach Autor "Pezone, Vincenzo"

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    • Biases in Information Selection and Processing: Survey Evidence from the Pandemic 

      Faia, Ester; Fuster, Andreas; Pezone, Vincenzo; Zafar, Basit (2021-02-10)
      How people form beliefs is crucial for understanding decision-making un- der uncertainty. This is particularly true in a situation such as a pandemic, where beliefs will affect behaviors that impact public health as well ...

    • Monetary Policy and the Cost of Wage Rigidity: Evidence from the Stock Market 

      Faia, Ester; Pezone, Vincenzo (2018-01-01)
      Using a unique confidential contract level dataset merged with firm-level asset price data, we find robust evidence that firms' stock market valuations and employment levels respond more to monetary policy announcements ...

    • The carrot and the stick: Bank bailouts and the disciplining role of board appointments 

      Mücke, Christian; Pelizzon, Loriana; Pezone, Vincenzo; Thakor, Anjan V. (2021-07-08)
      We empirically examine the Capital Purchase Program (CPP) used by the US government to bail out distressed banks with equity infusions during the Great Recession. We find strong evidence that a feature of the CPP - the ...

    • The Real Effects of Judicial Enforcement 

      Pezone, Vincenzo (2018-10-31)
      This paper shows that the quality of judicial enforcement has substantial real effects. I exploit a reorganization of the judicial districts in Italy as an exogenous shock to court productivity and, using an instrumental ...

    • The Value of Firm Networks: A Natural Experiment on Board Connections 

      Faia, Ester; Mayer, Maximilian; Pezone, Vincenzo (2020-04-13)
      This paper presents causal evidence of the effects of boardroom networks on firm value and compensation policies. We exploit exogenous variation in network centrality arising from a ban on interlocking directorates of ...

    • The Value of Firm Networks: A Natural Experiment on Board Connections 

      Faia, Ester; Mayer, Maximilian; Pezone, Vincenzo (2021-08-03)
      We present causal evidence on the effect of boardroom networks on firm value and compensation policies. We exploit a ban on interlocking directorates of Italian financial and insurance companies as exogenous variation and ...