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

Does the Dollar Lender of Last Resort Expand Dollar Dominance? Currency Mismatch, Reserves, and Global Liquidity Backstop

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