Works in Progress

[1] Managing Bondholder Fragility Risk: The Role of Corporate Liquidity, with Huu Nhan Duong and Yushui Shi

  • Current stage: draft in preparation (Jan 2024)
  • Summary: Bond mutual fund fragility carries important corporate finance implications: corporate firms appear to actively manage bondholder fragility risk by holding cash reserves.
  • Presentations: SBFC 2023

[2] Securities Lending by Passive Investors

  • Current stage: baseline results obtained (Oct 2023)