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SUMMARY:Firm networks in the great depression
DTSTART:20230526T103000
DTEND:20230526T120000
DTSTAMP:20260928T065607Z
UID:0fe3c37b7b498e13d5edf5b2f99b3934213ceb15d196fda55657724f
CATEGORIES:Conferences - Seminars
DESCRIPTION:Erik Loualiche - Carlson School of Management\nWe study how fi
 rms facing working capital constraints allocate resources across their con
 stituent establishments in response to local shocks in the context of the 
 Great Depression. Using data from the Census of Manufactures consisting of
  establishments linked to their parent firms\, we find the employment in e
 stablishments in a multi-plant firm is more correlated with local retail s
 ales than that of single plant establishments. Furthermore\, in a long dif
 ference specification\, we show that establishments are affected by shocks
  to the local credit supply of the other establishments that make up the s
 ame firm. These results show the important role of firms in the geographic
  propagation and amplification of local shocks.
LOCATION:UniL Campus\, Room Extra 126
STATUS:CONFIRMED
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