NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Snow and Leverage

Xavier Giroud, Holger M. Mueller, Alex Stomper, Arne Westerkamp

NBER Working Paper No. 16497
Issued in October 2010, Revised in December 2011

---- Acknowledgments ----

We are especially grateful to our discussants, Michael Roberts and Tim Adam, as well as to Mike Lemmon, Josh Rauh, Jacob Sagi, David Scharfstein, Philipp Schnabl, Antoinette Schoar, Jeremy Stein, Ilya Strebulaev, Amir Sufi, Eluvon Thadden, Ivo Welch, and seminar participants at the NBER Corporate Finance Summer Institute, the European Winter Finance Summit, New York University, Vanderbilt University, Humboldt University,and University of Mannheim for helpful comments. We thank the Austrian Hotel - and Tourism Bank, especially Bernhard Fuchs,and the Austrian Central Institute for Meteorology and Geodynamics for providing us with data.

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