Self-Inflated Fund Returns

Philippe van der Beck, Jean-Philippe Bouchaud, Dario Villamaina

Harvard Business School, United States of America

Inelastic U.S. Equity Markets: New Evidence From A Reform of Fiduciary Duties

Stefano Cassella¹, Antonino Emanuele Rizzo², Oliver Spalt³, Leah Zimmerer³

1: Tilburg University; 2: Esade Business School, Spain; 3: University of Mannheim

Learning About Convenience Yields from Holdings

Felix Corell¹, Lira Mota², Melina Papoutsi³

1: VU Amsterdam; 2: MIT; 3: European Central Bank, Germany

The Impact of Active Managers on the Pricing of Underlying Assets in ETFs

Charles Trzcinka¹, Ziwei Zhao²

1: Indiana University; 2: HEC Lausanne and Swiss Finance Institute, Switzerland

Bond Valuation Dispersion and ETF Creation

Alan Huang¹, Russ Wermers², Jinming Xue³, Xing {Alex} Zhou³

1: University of Waterloo, Canada; 2: University of Maryland; 3: Southern Methodist University

Shifts in Trading: From Stocks to ETFs

Egle Karmaziene, Christopher Rigsby

Vrije Universiteit Amsterdam, Netherlands, The

Liquidity Provision in a One-Sided Market: The Role of Dealer-Hedge Fund Relationships

Mathias Kruttli¹, Marco Macchiavelli², Phillip Monin³, Xing Alex Zhou⁴

1: Kelley School of Business, Indiana University, United States of America; 2: Isenberg School of Management, UMass Amherst, United States of America; 3: Federal Reserve Board, United States of America; 4: Cox School of Business, Southern Methodist University

Hidden Duration: Interest Rate Derivatives in Fixed Income Funds

Jaewon Choi¹, Minsoo Kim², Oliver Randall²

1: Seoul National University; 2: University of Melbourne, Australia

Informed Trading under the Microscope: Evidence from 30 Years of Daily Hedge Fund Trades

JinGi Ha¹, Jianfeng Hu², Yuehua Tang³

1: Soongsil University, Korea; 2: Singapore Management University, Singapore; 3: University of Florida

Passive Ownership and Corporate Bond Lending

Amit Goyal¹, Yoshio Nozawa², Yancheng Qiu³

1: University of Lausanne, Switzerland; 2: University of Toronto; 3: University of Sydney

Causal Inference for Asset Pricing

Valentin Haddad^2,3, Zhiguo He^4,3, Paul Huebner¹, Peter Kondor^5,7, Erik Loualiche⁶

1: Stockholm School of Economics, Sweden; 2: UCLA Anderson School of Management; 3: NBER; 4: Stanford GSB; 5: London School of Economics and Political Science; 6: University of Minnesota Carlson School of Management; 7: CEPR

What Do $40 Trillion of Portfolio Holdings Say about Monetary Policy Transmission?

Kairong Xiao¹, Chuck Fang²

1: Columbia University, United States of America; 2: Drexel University

Anatomy of the Treasury Market: Who Moves Yields?

Manav Chaudhary¹, Zhiyu Fu², Haonan Zhou³

1: University of Chicago, Booth School of Business; 2: Washington University in St. Louis, Olin School of Business; 3: University of Hong Kong, Hong Kong S.A.R. (China)

Debt and deficits: fiscal analysis with stationary ratios

Can Gao^1,4, John Campbell^2,5, Ian Martin^3,6

1: University of St. Gallen, Switzerland; 2: Harvard University, USA; 3: London School of Economics, UK; 4: Swiss Finance Institute; 5: NBER; 6: CEPR

Reserve Asset Competition and the Global Fiscal Cycle

Zhengyang Jiang², Robert Richmond¹

1: NYU Stern School of Business, United States of America; 2: Northwestern University, Kellogg School of Management

Nominal rigidity and the inflation risk premium: identification from the cross section of equity returns

Hengjie Ai¹, Xinxin Hu¹, Xuhui Nick Pan²

1: University of Wisconsin-Madison; 2: University of Oklahoma, United States of America

Corporate Bond Factors: Replication Failures and a New Framework

Jens Dick-Nielsen, Peter Feldhütter, Lasse Heje Pedersen, Christian Stolborg

Copenhagen Business School, Denmark

Insider Trading With Options

Matteo Vacca

Hanken School of Economics, Finland

What Determines 401(k) Plan Fees? A Dynamic Model of Transaction Costs and Markups

Hanbin Yang

London Business School, United Kingdom

Learning About the Stock Market: Asset Allocation Spillovers from Defined Contribution Pension Plan Access

Oksana Smirnova

London Business School, United Kingdom

Corporate Pension Risk-Taking in a Low Interest Rate Environment

Vasso Ioannidou¹, Roberto Pinto², Zexi Wang²

1: Bayes Business School, University of London & CEPR; 2: Lancaster University Management School, United Kingdom

Measuring and Mitigating Racial Disparities in Large Language Model Mortgage Underwriting

Donald Bowen¹, McKay Price¹, Luke Stein², Ke Yang¹

1: Lehigh University, United States of America; 2: Babson College

Poverty Spreads in Deposit Markets

Emilio Bisetti¹, Arkodipta Sarkar²

1: HKUST; 2: National University of Singapore, Singapore

Heterogeneous Monetary Policy Pass-Through to Consumer Credit Along the Income Distribution

Sean Lavender¹, Leonardo Soriano de Alencar², Antonia Tsang¹

1: University of Cambridge, United Kingdom; 2: Banco Central do Brasil