Bond price fragility and the structure of the mutual fund industry
M Giannetti, C Jotikasthira - The Review of Financial Studies, 2024 - academic.oup.com
We conjecture that mutual funds with large shares of outstanding bond issues are more
inclined to internalize the negative price spillovers of fire sales and thus sell their holdings in …
inclined to internalize the negative price spillovers of fire sales and thus sell their holdings in …
On hedge fund inceptions in a competitive market
This paper examines hedge fund inceptions in a competitive market. Using the recursive
demeaning estimation method, we find hedge fund inceptions are positively related to …
demeaning estimation method, we find hedge fund inceptions are positively related to …