Partisan Friendshoring

Meghana Ayyagari¹, Janet Gao², Pengfei Ma³

1: George Washington University; 2: Georgetown University; 3: Singapore Management University

Consuming Values

Jacob Conway¹, Levi Boxell²

1: University of Chicago; 2: Unaffiliated

Carbon Offsets: Decarbonization or Transition-Washing?

Sehoon Kim, Tao Li, Yanbin Wu

University of Florida

Taking the Road Less Traveled? Market Misreaction and Firm Innovation Directions

Tianshu Lyu¹, Zunda Winston Xu²

1: Yale University; 2: Stanford University

Corporate Behavior When Running the Firm for Stakeholders: Evidence from Hospitals

Christoph Herpfer¹, Jianzhang Lin², Gonzalo Maturana²

1: UVA Darden; 2: Emory

Political Polarization and Investor Disagreement

Yi Hao, Amrita Nain, Haocheng Xu

University of Iowa

The Unintended Consequences of Rebalancing

Campbell Harvey^1,2, Michele Mazzoleni³, Alessandro Melone⁴

1: Duke University; 2: NBER; 3: Capital Group; 4: The Ohio State University

Passive Demand and Active Supply: Evidence from Maturity-mandated Corporate Bond Funds

Lorenzo Bretscher², Lukas Schmid¹, Tiange Ye¹

1: USC Marshall School of Business; 2: University of Lausanne, Swiss Finance Institute

Index Rebalancing and Stock Market Composition: Do Index Funds Incur Adverse Selection Costs?

Marco Sammon¹, John Shim²

1: Harvard Business School; 2: University of Notre Dame

Do Trades and Holdings of Market Participants Contain Information About Stocks? A Machine-Learning Approach

Victor DeMiguel¹, Li Guo², Bo Sang³, Zhe Zhang⁴

1: London Business School; 2: School of Economics, Fudan University; Shanghai Institute of International Finance and Economics; 3: School of Business, University of Bristol; 4: Lee Kong Chian School of Business, Singapore Management University

Stealthy Shorts: Informed Liquidity Supply

Amit Goyal¹, Adam Reed², Esad Smajlbegovic³, Amar Soebhag^3,4

1: University of Lausanne and Swiss Finance Institute; 2: University of North Carolina - Chapel Hill; 3: Erasmus University Rotterdam; 4: Robeco Quantitative Investing

Demand Propagation Through Traded Risk Factors

Yu An¹, Amy Wang Huber²

1: Johns Hopkins University; 2: The Wharton School of the University of Pennsylvania

Foreign Exchange Interventions and Intermediary Constraints

Alex Ferreira¹, Rory Mullen², Giovanni Ricco³, Ganesh Viswanath Natraj², Zijie Wang²

1: University of Sao Paolo; 2: University of Warwick; 3: Ecole Polytechnique, CREST

Intermediated Dollar Lending of Last Resort: from Dollar Safety to Treasury Fragility

Ding Ding, Karen Lewis, Yao Zeng

University of Pennsylvania

Monetary Policy Transmission through the Exchange Rate Factor Structure

Erik Loualiche², Alex Pecora³, Fabricius Somogyi¹, Colin Ward⁴

1: Northeastern University; 2: University of Minnesota; 3: Virginia Tech; 4: University of Alberta

Unbalanced Financial Globalization

Damien Capelle¹, Bruno Pellegrino²

1: International Monetary Fund; 2: Columbia Business School

Exchange Rate Risk in Public Firms

Patrick Adams, Adrien Verdelhan

MIT Sloan

Do Funds Engage in Optimal FX Hedging?

Leonie Braeuer^1,2, Harald Hau^1,2,3

1: University of Geneva; 2: Swiss Finance Institute; 3: CEPR