Exchange-traded funds (ETFs) represent one of the most important financial innovations in
decades. An ETF is an investment vehicle, with a specific architecture that typically seeks to …

For too long, students of the political economy of corporate governance have been
enthralled by the language of ownership and control. This language stems from Berle and …

We investigate the effects of the collapses of Silicon Valley Bank, Signature Bank, and First
Republic Bank on the US financial sector by analysing returns and second moments of …

Passive investments such as exchange-traded funds (ETFs) provide an opportunity to invest
in indexes, asset classes, and sectors with low maintenance costs and high transparency …

Purpose–The purpose of this paper is to provide a brief review of three strands of the
literature on exchange‐traded funds. Design/methodology/approach–The paper starts with a …

Using distinct features of corporate bond exchange-traded funds (ETFs), I find that financial
innovation has a significant and long-term positive valuation impact on the systemically …

This paper examines the implications of substitutability of two similar investment vehicles:
conventional index mutual funds and exchange-traded funds (ETFs). It seeks to explain the …

The prices of exchange-traded funds (ETFs) can deviate significantly from their net asset
values (NAVs), in spite of the arbitrage mechanism that allows authorized participants to …

We estimate tracking errors from 26 exchange-traded funds (ETFs) utilizing three different
methods and test their relative performance using Jensen's model. We find that tracking …

On July 31, 2001, for the first time in its history, the New York Stock Exchange (NYSE) began
trading three unlisted securities. The DIA, SPY, and QQQ are the most actively traded …