{"id":"https://openalex.org/W2994793036","doi":null,"title":"Essays in Finance and Development","display_name":"Essays in Finance and Development","publication_year":2019,"publication_date":"2019-05-21","ids":{"openalex":"https://openalex.org/W2994793036","mag":"2994793036"},"language":"en","primary_location":{"id":"pmh:oai:dash.harvard.edu:1/42029515","doi":null,"is_oa":true,"landing_page_url":"http://nrs.harvard.edu/urn-3:HUL.InstRepos:42029515","pdf_url":"http://nrs.harvard.edu/urn-3:HUL.InstRepos:42029515","source":{"id":"https://openalex.org/S4306401540","display_name":"Digital Access to Scholarship at Harvard (DASH) (Harvard University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I136199984","host_organization_name":"Harvard University","host_organization_lineage":["https://openalex.org/I136199984"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Thesis or Dissertation"},"volume":null,"type":"dissertation","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://nrs.harvard.edu/urn-3:HUL.InstRepos:42029515","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5101054918","display_name":"He Yang","orcid":"https://orcid.org/0009-0004-4435-3083","observed_orcids":["https://orcid.org/0009-0004-4435-3083"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"He Yang","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5101054918"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.43950000405311584,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.43950000405311584,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.3522999882698059,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.05040000006556511,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-institutions","display_name":"financial institutions","score":0.7459999918937683},{"id":"https://openalex.org/keywords/information-frictions","display_name":"information frictions","score":0.7120000123977661},{"id":"https://openalex.org/keywords/economic-growth","display_name":"economic growth","score":0.9409999847412109},{"id":"https://openalex.org/keywords/national-banks","display_name":"national banks","score":0.8849999904632568},{"id":"https://openalex.org/keywords/bank-liability","display_name":"bank liability","score":0.8259999752044678},{"id":"https://openalex.org/keywords/currency","display_name":"currency","score":0.4000000059604645},{"id":"https://openalex.org/keywords/trade","display_name":"trade","score":0.48399999737739563},{"id":"https://openalex.org/keywords/manufacturing-industry","display_name":"manufacturing industry","score":0.8510000109672546},{"id":"https://openalex.org/keywords/firm-financial-performance","display_name":"firm financial performance","score":0.6909999847412109},{"id":"https://openalex.org/keywords/stock-returns","display_name":"stock returns","score":0.871999979019165},{"id":"https://openalex.org/keywords/business-expansion","display_name":"business expansion","score":0.8019999861717224},{"id":"https://openalex.org/keywords/service-chains","display_name":"service chains","score":0.6460000276565552},{"id":"https://openalex.org/keywords/social-stigma","display_name":"social stigma","score":0.5920000076293945},{"id":"https://openalex.org/keywords/signaling","display_name":"signaling","score":0.4749999940395355},{"id":"https://openalex.org/keywords/shame","display_name":"shame","score":0.9279999732971191},{"id":"https://openalex.org/keywords/learning","display_name":"learning","score":0.47099998593330383},{"id":"https://openalex.org/keywords/reputation","display_name":"reputation","score":0.6240000128746033},{"id":"https://openalex.org/keywords/information-seeking","display_name":"information seeking","score":0.41200000047683716}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3760467767715454},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.35568004846572876}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:dash.harvard.edu:1/42029515","doi":null,"is_oa":true,"landing_page_url":"http://nrs.harvard.edu/urn-3:HUL.InstRepos:42029515","pdf_url":"http://nrs.harvard.edu/urn-3:HUL.InstRepos:42029515","source":{"id":"https://openalex.org/S4306401540","display_name":"Digital Access to Scholarship at Harvard (DASH) (Harvard University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I136199984","host_organization_name":"Harvard University","host_organization_lineage":["https://openalex.org/I136199984"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Thesis or Dissertation"},{"id":"mag:2994793036","doi":null,"is_oa":false,"landing_page_url":"https://dash.harvard.edu/handle/1/42029515","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"pmh:oai:dash.harvard.edu:1/42029515","doi":null,"is_oa":true,"landing_page_url":"http://nrs.harvard.edu/urn-3:HUL.InstRepos:42029515","pdf_url":"http://nrs.harvard.edu/urn-3:HUL.InstRepos:42029515","source":{"id":"https://openalex.org/S4306401540","display_name":"Digital Access to Scholarship at Harvard (DASH) (Harvard University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I136199984","host_organization_name":"Harvard University","host_organization_lineage":["https://openalex.org/I136199984"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Thesis or Dissertation"},"sustainable_development_goals":[{"display_name":"Decent work and economic growth","score":0.7825999855995178,"id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2994793036.pdf","grobid_xml":"https://content.openalex.org/works/W2994793036.grobid-xml"},"referenced_works_count":70,"referenced_works":["https://openalex.org/W43800846","https://openalex.org/W1500678940","https://openalex.org/W1569072532","https://openalex.org/W1586842549","https://openalex.org/W1597139978","https://openalex.org/W1891814632","https://openalex.org/W1951015395","https://openalex.org/W1963642391","https://openalex.org/W1978185217","https://openalex.org/W1980505859","https://openalex.org/W1987832557","https://openalex.org/W1990501890","https://openalex.org/W1995834279","https://openalex.org/W2003764942","https://openalex.org/W2005029869","https://openalex.org/W2007374379","https://openalex.org/W2022188872","https://openalex.org/W2022768097","https://openalex.org/W2028192864","https://openalex.org/W2030720041","https://openalex.org/W2042346938","https://openalex.org/W2044950274","https://openalex.org/W2047437177","https://openalex.org/W2047450450","https://openalex.org/W2062677059","https://openalex.org/W2066541419","https://openalex.org/W2073400560","https://openalex.org/W2081979521","https://openalex.org/W2082993526","https://openalex.org/W2086299222","https://openalex.org/W2096874528","https://openalex.org/W2101520719","https://openalex.org/W2107350393","https://openalex.org/W2107391620","https://openalex.org/W2108572866","https://openalex.org/W2113443463","https://openalex.org/W2114801333","https://openalex.org/W2115747715","https://openalex.org/W2122151304","https://openalex.org/W2124317732","https://openalex.org/W2130948386","https://openalex.org/W2136120210","https://openalex.org/W2157187945","https://openalex.org/W2157509893","https://openalex.org/W2160579106","https://openalex.org/W2162169737","https://openalex.org/W2164718518","https://openalex.org/W2166222159","https://openalex.org/W2168342758","https://openalex.org/W2169025618","https://openalex.org/W2172070297","https://openalex.org/W2189005075","https://openalex.org/W2197034226","https://openalex.org/W2417329995","https://openalex.org/W2418091591","https://openalex.org/W2561107390","https://openalex.org/W2575337377","https://openalex.org/W2576776767","https://openalex.org/W2590344165","https://openalex.org/W2795099232","https://openalex.org/W2955561508","https://openalex.org/W3021731726","https://openalex.org/W3121624261","https://openalex.org/W3121891159","https://openalex.org/W3121893250","https://openalex.org/W3122088125","https://openalex.org/W3122400387","https://openalex.org/W3124591263","https://openalex.org/W3125145917","https://openalex.org/W3204773784"],"related_works":["https://openalex.org/W3122707180","https://openalex.org/W3125445553","https://openalex.org/W1848728167","https://openalex.org/W2608198032","https://openalex.org/W7203525356","https://openalex.org/W4211108143","https://openalex.org/W2014648357","https://openalex.org/W7006350401","https://openalex.org/W6999879396","https://openalex.org/W7099811012"],"abstract_inverted_index":{"This":[0],"dissertation":[1],"studies":[2],"the":[3,17,29,50,73,102,105,129,141,175,187,232,340,366],"impact":[4,45,120,140],"of":[5,19,53,70,146,152,158,177,190,247,272,334,343,382],"financial":[6,25,204],"institutions":[7],"and":[8,91,98,118,124,143,165,206,239,316,328,349,385],"information":[9,249,264,288],"frictions":[10],"on":[11,23,121,182],"economic":[12,21,47,138,261],"growth,":[13,222],"as":[14,16,108],"well":[15],"effect":[18,176,323,372],"local":[20,137],"fluctuations":[22],"aggregate":[24],"outcomes.":[26],"\\n":[27],"\\nIn":[28,128,231],"first":[30],"chapter,":[31,131,234],"co-authored":[32,235],"with":[33,84,196,218,236,354],"Chenzi":[34],"Xu,":[35],"we":[36,115,242,324],"use":[37,155],"a":[38,89,156,270,279,290,346],"historical":[39],"laboratory":[40],"to":[41,77,171,173,225,299,320,357,364],"show":[42],"that":[43,194],"banks":[44],"real":[46],"activity":[48],"through":[49],"liabilities":[51,59,83],"side":[52],"their":[54,80,149,312],"balance":[55],"sheet,":[56],"where":[57,263],"safer":[58],"provide":[60],"better":[61,203],"monetary":[62],"services.":[63],"The":[64,370],"United":[65],"States":[66],"National":[67],"Banking":[68],"Act":[69],"1864":[71],"required":[72],"new":[74,90],"\"national":[75],"banks\"":[76],"fully":[78],"back":[79],"bank":[81,113],"note":[82],"federal":[85],"bonds,":[86],"thereby":[87],"creating":[88],"stable":[92],"currency,":[93],"which":[94,223,253],"reduced":[95],"transactions":[96],"costs":[97],"facilitated":[99],"trade.":[100],"Using":[101],"discontinuity":[103],"in":[104,136,186,199,229,255,345],"capital":[106],"requirement":[107],"an":[109,282,322,331,352],"instrument":[110],"for":[111,260,392],"national":[112],"entry,":[114],"find":[116,193,362],"positive":[117],"sizable":[119],"trade-related":[122],"activities":[123],"manufacturing":[125],"output":[126],"growth.\\n":[127],"second":[130],"I":[132,154,192],"study":[133,174,243],"how":[134,244],"changes":[135],"conditions":[139],"performance":[142],"investment":[144],"decisions":[145],"firms":[147,195],"given":[148],"spatial":[150],"distribution":[151],"locations.":[153],"sample":[157],"285":[159],"publicly":[160],"traded":[161],"retail,":[162],"restaurant,":[163],"hotel,":[164],"entertainment":[166],"service":[167],"chains":[168],"from":[169,281,297],"1997":[170],"2016":[172],"quarterly":[178],"state-level":[179,220],"income":[180,221],"growth":[181],"firms,":[183],"exploring":[184],"variation":[185],"geographic":[188],"location":[189],"stores.":[191],"more":[197,393],"stores":[198],"high-growth":[200],"states":[201],"have":[202,257],"performance,":[205],"higher":[207],"predictable":[208],"stock":[209],"returns.":[210],"In":[211],"addition,":[212],"firm":[213],"expansion":[214],"is":[215,266,314,318,373],"positively":[216],"associated":[217],"past":[219],"leads":[224],"further":[226],"small":[227],"increase":[228],"profitability.\\n":[230],"third":[233],"Arun":[237],"Chandrasekhar":[238],"Benjamin":[240],"Golub,":[241],"social":[245],"stigma":[246,333,344],"seeking":[248,335],"can":[250,276],"inhibit":[251],"learning,":[252],"could":[254],"turn":[256],"profound":[258],"implications":[259],"development":[262],"access":[265],"scarce.":[267],"We":[268,337,361],"Consider":[269],"Seeker":[271,291],"uncertain":[273],"ability":[274,313],"who":[275],"learn":[277],"about":[278,293],"task":[280],"Advisor.":[283],"When":[284],"higher-ability":[285],"Seekers":[286],"need":[287],"less,":[289],"concerned":[292],"reputation":[294],"may":[295,307],"refrain":[296],"asking":[298],"avoid":[300],"signaling":[301,363,389],"low":[302],"ability.":[303],"Separately,":[304],"low-ability":[305],"individuals":[306],"feel":[308],"inhibited":[309],"even":[310],"if":[311],"known":[315],"there":[317],"nothing":[319],"signal,":[321],"term":[325],"shame.":[326],"Signaling":[327],"shame":[329,371],"constitute":[330],"overall":[332],"information.":[336],"distinguish":[338],"between":[339],"constituent":[341],"parts":[342],"simple":[347],"model":[348],"then":[350],"perform":[351],"experiment":[353],"treatments":[355],"designed":[356],"detect":[358],"both":[359],"effects.":[360],"be":[365],"dominant":[367],"force":[368],"overall.":[369],"particularly":[374],"pronounced":[375],"among":[376],"socially":[377],"close":[378],"pairs":[379],"(in":[380],"terms":[381],"network":[383],"distance":[384],"caste":[386],"co-membership)":[387],"whereas":[388],"concerns":[390],"dominate":[391],"distant":[394],"pairs.":[395]},"counts_by_year":[],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2019-12-26T00:00:00"}