Browsing: Finance
Financial Reporting Choices, Governance, and Strategic Assets: A Transaction Cost Perspective
Mutual Fund Trading Style and Bond Market Fragility
A subset of mutual funds intentionally supply liquidity in corporate bond markets during periods of…
Do Firms Purposefully Change Capital Structure? Evidence from an Investment-Opportunity Shock to Pharmaceutical Firms
Firms make their capital structure less constraining by decreasing leverage, shortening debt maturity, increasing unsecured…
Derivatives Supply and Corporate Hedging: Evidence from the Safe Harbor Reform of 2005
The study is the first to document that supply side frictions have a first order…
Mutual Funds that Borrow
Most people think their 401(k)s are safe, but there is hidden risk in the investment…
A View Inside Corporate Risk Management
Firms with risk averse executives are significantly more likely to hedge.