How can fragility be averted in open-end mutual funds? In recent years, markets have observed
an innovation that changed the way open-end funds are priced. Alternative pricing rules (…

Using data from all of the leading international investment banks on 220 initial public
offerings (IPOs) raising $160 billion between January 2010 and May 2015, we test the …

The shutdown in economic activity due to the coronavirus disease (COVID-19) crisis has
resulted in a short-term decline in global carbon emissions, but the long-term impact of the …

We show that banks with shared social connections partner more often in the global
syndicated loan market and that central banks in the network play dominant roles in various …

Strengthening the climate information architecture is paramount to promote transparency
and global comparability of data and thus improve market confidence, safeguard financial …

CEO compensation in the financial sector has been a controversial topic following the
financial crisis. I use a new dataset with detailed information on CEO remuneration of major …

This article presents evidence on the evolution of liquidity in the UK corporate bond market
for the period 2008-2014. Based on a series of widely accepted liquidity measures, the …

We analyze the relation between transaction costs and venue choice using proprietary
transaction-level data from institutional trade executions in the UK equity market. We show that, …

This note analyzes the stress experienced (and caused) by open-end mutual funds during
the March COVID-19 stress episode, with a focus on global fixed-income funds. In light of …

This study empirically investigates bank risk taking from a behavioral perspective. More
specifically, we analyze the impact of an overconfident CEO, defined as one who has …