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Real Effects of Corporate Bond ETF Ownership
Corporate bond exchange-traded funds (ETFs) impact firms’ investments and bond valuations. Exogenous index rule changes establish …
Marco Rossi, Yujie Ruan, Shixiang Xia
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Recovery, Specification, and Consistency
Recovering market beliefs, time and risk preferences from asset prices requires specifying a subjective state space for the pricing …
Ngoc-Khanh Tran, Shixiang Xia, Guofu Zhou
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Environmental Activism: Endogenous Risk and Asset Prices
We examine the relative effectiveness of three environmental activist strategies: Exit (divestment of shares), Boycott (of goods), and …
Ravi Jagannathan, Soohun Kim, Robert McDonald, Shixiang Xia
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