We analyze firms’ perceptions of their cost of capital using hand-collected data. We show that firms with a higher perceived cost of capital invest less and earn higher returns on invested capital, ...

We study the role of financial frictions in determining the allocation of investment and innovation among established U.S. firms. Empirically, we find that firms are investment-intensive when they ...

Throughout Inazuma, Genshin Impact players are likely to encounter several Samurai minibosses scattered across the region's multiple islands. What Genshin Impact players may not realize is that the ...