Works in Progress

[1] The Corporate Financing Implications of Bond Mutual Fund Fragility, with Huu Nhan Duong and Yushui Shi

• Current stage: draft in preparation (Nov 2023)
• Summary: Bond fund fragility induces financing frictions to corporate firms in the primary bond market, and firms respond to such bondholder fragility risk ex-ante by preserving cash balances.
• Presentations: SBFC 2023 (scheduled)

[2] Favorism in Securities Lending

• Current stage: baseline results obtained (Oct 2023)