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Mutual Fund Trading Style and Bond Market Fragility
16 references·7 citing·44 second hop
Mutual Fund Trading Style and Bond Market Fragility (2020)Mutual Fund Trading Style and Bond Market…Investor flows and fragility in corporate bond funds (2017)Investor flows and fragility …Evaporating Liquidity (2012)Evaporating LiquidityThe Illiquidity of Corporate Bonds (2011)The Illiquidity of Corporate …Regulatory pressure and fire sales in the corporate bond market (2011)Regulatory pressure and fire …Recent trends in trading activity and market quality (2011)Recent trends in trading acti…Payoff complementarities and financial fragility: Evidence from mutual fund outflows (2010)Payoff complementarities and …How Active Is Your Fund Manager? A New Measure That Predicts Performance (2009)How Active Is Your Fund Manag…Corporate Bond Market Transaction Costs and Transparency (2007)Corporate Bond Market Transac…Market transparency, liquidity externalities, and institutional trading costs in corporate bonds☆ (2006)Market transparency, liquidit…Asset Fire Sales (and Purchases) in Equity Markets (2005)Asset Fire Sales (and Purchas…Costly Search and Mutual Fund Flows (1998)Costly Search and Mutual Fund…Risk Taking by Mutual Funds as a Response to Incentives (1997)Risk Taking by Mutual Funds a…Liquidity and Market Structure (1988)Liquidity and Market StructureDealership market (1980)Dealership marketTHE SUPPLY OF DEALER SERVICES IN SECURITIES MARKETS (1978)THE SUPPLY OF DEALER SERVICES…PRICE IMPACTS OF BLOCK TRADING ON THE NEW YORK STOCK EXCHANGE (1972)PRICE IMPACTS OF BLOCK TRADIN…Bond Price Fragility and the Structure of the Mutual Fund Industry (2024)Bond Price Fragility and the …Mutual Fund Fragility, Dealer Liquidity Provision, and the Pricing of Municipal Bonds (2023)Mutual Fund Fragility, Dealer…ESG investment preference and fund vulnerability (2023)ESG investment preference and…Short-term reversals, returns to liquidity provision and the costs of immediacy* (2022)Short-term reversals, returns…Commonality in Credit Spread Changes: Dealer Inventory and Intermediary Distress (2022)Commonality in Credit Spread …Mutual Fund Fragility, Dealer Liquidity Provisions, and the Pricing of Municipal Bonds (2020)Mutual Fund Fragility, Dealer…Measuring institutional trading costs and the implications for finance research: The case of tick size reductions (2020)Measuring institutional tradi…The Cost of Transacting (1968)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Inferring the Components of the Bid-Ask Spread: Theory and Empirical Tests (1989)Dealer versus auction markets: A paired comparison of execution costs on NASDAQ and the NYSE (1996)Liquidity and Market Efficiency (2007)The effect of bonus schemes on accounting decisions (1985)Aggregation and Linearity in the Provision of Intertemporal Incentives (1987)Managerial Incentive Problems: A Dynamic Perspective (1999)The Geography of Investment: Informed Trading and Asset Prices (2001)Mutual Fund Flows and Performance in Rational Markets (2004)Market microstructure theory (1995)Market Microstructure Theory. (1996)Market microstructure: A survey (2000)How Much of the Corporate-Treasury Yield Spread Is Due to Credit Risk? (2012)Intermediary asset pricing: New evidence from many asset classes (2017)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)Optimal dealer pricing under transactions and return uncertainty (1981)Insiders' profits, costs of trading, and market efficiency (1986)Market liquidity as a sentiment indicator (2004)Bank Runs, Deposit Insurance, and Liquidity (1983)Continuous Auctions and Insider Trading (1985)Illiquidity and stock returns: cross-section and time-series effects (2002)Has the US Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation (2015)Where the Risks Lie: A Survey on Systemic Risk (2015)Risk, Return, and Equilibrium: Empirical Tests (1973)A Simple Implicit Measure of the Effective Bid-Ask Spread in an Efficient Market (1984)Liquidity Risk and Expected Stock Returns (2003)Corporate bond liquidity before and after the onset of the subprime crisis (2011)On Persistence in Mutual Fund Performance (1997)Herding and Feedback Trading by Institutional and Individual Investors (1999)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Dumb money: Mutual fund flows and the cross-section of stock returns (2008)Presidential Address: Asset Price Dynamics with Slow‐Moving Capital (2010)Fire Sales in Finance and Macroeconomics (2011)Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Liquidity and stock returns: An alternative test (1998)A New Estimate of Transaction Costs (1999)Commonality in liquidity (2000)Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Luck versus Skill in the Cross‐Section of Mutual Fund Returns (2010)Measuring skill in the mutual fund industry (2015)A Rational Theory of Mutual Funds' Attention Allocation (2016)
this work references cited by second hop

References

  • 1998Costly Search and Mutual Fund Flows3,217 cited
  • 1997Risk Taking by Mutual Funds as a Response to Incentives2,295 cited
  • 2005Asset Fire Sales (and Purchases) in Equity Markets1,704 cited
  • 2009How Active Is Your Fund Manager? A New Measure That Predicts Performance1,660 cited
  • 1988Liquidity and Market Structure1,532 cited
  • 1978THE SUPPLY OF DEALER SERVICES IN SECURITIES MARKETS1,393 cited
  • 2011The Illiquidity of Corporate Bonds989 cited
  • 2007Corporate Bond Market Transaction Costs and Transparency966 cited
  • 1980Dealership market965 cited
  • 2010Payoff complementarities and financial fragility: Evidence from mutual fund outflows702 cited
  • 1972PRICE IMPACTS OF BLOCK TRADING ON THE NEW YORK STOCK EXCHANGE671 cited
  • 2017Investor flows and fragility in corporate bond funds632 cited
  • 2006Market transparency, liquidity externalities, and institutional trading costs in corporate bonds☆571 cited
  • 2011Regulatory pressure and fire sales in the corporate bond market527 cited
  • 2012Evaporating Liquidity525 cited
  • 2011Recent trends in trading activity and market quality

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473 cited

Cited by

  • 2022Commonality in Credit Spread Changes: Dealer Inventory and Intermediary Distress50 cited
  • 2023ESG investment preference and fund vulnerability38 cited
  • 2022Short-term reversals, returns to liquidity provision and the costs of immediacy*37 cited
  • 2020Measuring institutional trading costs and the implications for finance research: The case of tick size reductions36 cited
  • 2024Bond Price Fragility and the Structure of the Mutual Fund Industry31 cited
  • 2023Mutual Fund Fragility, Dealer Liquidity Provision, and the Pricing of Municipal Bonds27 cited
  • 2020Mutual Fund Fragility, Dealer Liquidity Provisions, and the Pricing of Municipal Bonds27 cited