create a website

Bond Price Fragility and the Structure of the Mutual Fund Industry. (2024). Giannetti, Mariassunta ; Jotikasthira, Chotibhak.
In: The Review of Financial Studies.
RePEc:oup:rfinst:v:37:y:2024:i:7:p:2063-2109..

Full description at Econpapers || Download paper

Cited: 1

Citations received by this document

Cites: 42

References cited by this document

Cocites: 33

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Skilled active liquidity management: Evidence from shocks to fund flows. (2025). Rzenik, Aleksandra.
    In: Journal of Empirical Finance.
    RePEc:eee:empfin:v:81:y:2025:i:c:s0927539825000015.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Anand, A., C. Jotikasthira, and K. Venkataraman. 2021. Mutual fund trading style and bond market fragility. Review of Financial Studies 34:2993–3044.

  2. Barbosa, M., and A. K. Ozdagli. 2020. Is public debt arm’s length? Evidence from corporate bond purchases of life insurance companies. Working Paper, University of Chicago.
    Paper not yet in RePEc: Add citation now
  3. Ben-David, I., F. Franzoni, R. Moussawi, and J. Sedunov. 2021. The granular nature of large institutional investors. Management Science 67:6629–59.

  4. Bessembinder, H., S., Jacobsen, W. Maxwell, and K. Venkataraman. 2018. Capital commitment and illiquidity in corporate bonds. Journal of Finance 74:1615–61.

  5. Bessembinder, H., W. Maxwell, and K. Venkataraman. 2006. Market transparency, liquidity externalities, and institutional trading costs in corporate bonds. Journal of Financial Economics 82:251–88.

  6. Bhattacharyya, S., and V. Nanda. 2021. Portfolio pumping, trading activity and fund performance. Review of Finance 17:885–919.
    Paper not yet in RePEc: Add citation now
  7. Cai, F., S. Han, D. Li, and Y. Li. 2019. Institutional herding and its price impact: Evidence from the corporate bond market. Journal of Financial Economics 131:139–67.

  8. Cella, C., A. Ellul, and M. Giannetti. 2013. Investors’ horizons and the amplification of market shocks. Review of Financial Studies 26:1607–48.

  9. Chen, L., D. L. Lesmond, and J. Wei. 2007. Corporate yield spreads and bond liquidity. Journal of Finance 62:119–49.

  10. Chen, Y., and N. Qin. 2017. The behavior of investor flows in corporate bond mutual funds. Management Science 63:1365–81.

  11. Chen, Y., M. Du, and Z. Sun. 2022. Capital concentration of the bond fund industry and bond market fragility. Working Paper, Texas A&M University.
    Paper not yet in RePEc: Add citation now
  12. Chernenko, S., and A. Sunderam. 2020. Do fire sales create externalities? Journal of Financial Economics 135:602–28.

  13. Chodorow-Reich, G., A. Ghent, and V. Haddad. 2021. Asset insulators. Review of Financial Studies 34:1509–39.
    Paper not yet in RePEc: Add citation now
  14. Choi, J., S. Hoseinzade, S. S. Shin, and H. Tehranian. 2020. Corporate bond mutual funds and asset fire sales. Journal of Financial Economics 138:432–57.

  15. Coppola, A. 2022. In safe hands: The financial and real impact of investor composition over the credit cycle. Working Paper, Stanford University.
    Paper not yet in RePEc: Add citation now
  16. Dick-Nielsen, J., and M. Rossi. 2019. Cost of immediacy of corporate bonds. Review of Financial Studies 32:1–41.

  17. Dick-Nielsen, J., P. Feldhutter, and D. Lando. 2019. Corporate bond liquidity before and after the onset of the subprime crisis. Journal of Financial Economics 103:471–92.
    Paper not yet in RePEc: Add citation now
  18. Downloaded from https://academic.oup.com/rfs/article/37/7/2063/7633431 by guest on July Bond Price Fragility and the Structure of the Mutual Fund Industry Huang, J.-Z. J., Y. Wang, and Y. Wang. 2020. Does ownership concentration affect corporate bond volatility? The impact of illiquidity. Working Paper, Penn State University.
    Paper not yet in RePEc: Add citation now
  19. Downloaded from https://academic.oup.com/rfs/article/37/7/2063/7633431 by guest on July The Review of Financial Studies / v 37 n 7 2024 Chaderina, M., A. Muermann, and C. Scheuch. 2018. The dark side of liquid bonds in fire sales. Working Paper, University of Oregon.
    Paper not yet in RePEc: Add citation now
  20. Edmans, A., I. Goldstein, and W. Jiang. 2012. The real effects of financial markets: The impact of prices on takeovers. Journal of Finance 67:933–71.

  21. Edwards, A., L. Harris, and M. Piwowar. 2007. Corporate bond market transaction costs and transparency.

  22. Ellul, A., C. Jotikasthira, and C. T. Lundblad. 2011. Regulatory pressure and fire sales in the corporate bond market. Journal of Financial Economics 101:596–620.

  23. Falato, A., A. Hortacsu, D. Li, and C. Shin. 2021. Fire-sale spillovers in debt markets. Journal of Finance 76:3055–102.
    Paper not yet in RePEc: Add citation now
  24. Falato, A., I. Goldstein, I., and A. Hortaçsu. 2021. Financial fragility in the COVID-19 crisis: The case of investment funds in corporate bond markets. Journal of Monetary Economics 123:35–52.

  25. Favara, G., and M. Giannetti. 2017. Forced asset sales and the concentration of outstanding debt: Evidence from the mortgage market. Journal of Finance 72:1081–118.

  26. Goldstein, I., H. Jiang, and D. T. Ng. 2017. Investor flows and fragility in corporate bond funds. Journal of Financial Economics 126:592–613.

  27. Greenwood R, and D. Thesmar. 2011. Stock price fragility. Journal of Financial Economics 102:471–90.

  28. Haddad, V., A. Moreira, and T. Muir. 2021. When selling becomes viral: Disruptions in debt markets in the COVID-19 crisis and the Fed’s response. Review of Financial Studies 34:5309–51.

  29. Ibragimov, R., D. Jaffee, and J. Walden. 2011. Diversification disasters. Journal of Financial Economics 99:333–48.

  30. Jiang, H., D. Li, and A. Wang. 2021. Dynamic liquidity management by corporate bond mutual funds. Journal of Financial and Quantitative Analysis 56:1622–52.

  31. Jiang, H., Y. Li, Z. Sun, and A. Wang. 2022. Does mutual fund illiquidity introduce fragility into asset prices? Evidence from the corporate bond market. Journal of Financial Economics 143:277–302.

  32. Kargar, M., B. Lester, D. Lindsay, S. Liu, P.-O. Weill, and D. Zúñiga. 2021. Corporate bond liquidity during the COVID-19 crisis. Review of Financial Studies 34:5352–401.

  33. Koijen R. S. J., and M. Yogo. 2019. A demand system approach to asset pricing. Journal of Political Economy 127:1475–515.

  34. Ma, Y., K. Xiao, and Y. Zeng. 2022. Mutual fund liquidity transformation and reverse flight to liquidity. Review of Financial Studies 35:4674–711.

  35. Manconi, A., M. Massa, and A. Yasuda. 2012. The role of institutional investors in propagating the crisis of 2007–2008. Journal of Financial Economics 104:491–518.

  36. Massa, M., D. Schumacher, and Y. Wang. 2021. Who is afraid of BlackRock? Review of Financial Studies 34:1987–2044.

  37. Morris, S., I. Shim, and H. S. Shin. 2017. Redemption risk and cash hoarding by asset managers. Journal of Monetary Economics 89:71–87.O’Hara, M., and X. A. Zhou. 2021. Anatomy of a liquidity crisis: Corporate bonds in the COVID-19 crisis. Journal of Financial Economics 142:46–68.

  38. Quarterly Journal of Economics 121:461–504 Giannetti, M., and F. Saidi. 2019. Shock propagation and banking structure. Review of Financial Studies 32:2499–540.

  39. Shleifer A., and R. W. Vishny. 1992. Liquidation values and debt capacity: A market equilibrium approach.

  40. Wagner, W. 2011. Systemic liquidation risk and the diversity-diversification trade-off. Journal of Finance 66:1141–75.

  41. Wang, P. 2021. Portfolio pumping in mutual fund families. Working Paper, University of Texas at Dallas.
    Paper not yet in RePEc: Add citation now
  42. Wardlaw, M. 2020. Measuring mutual fund flow pressure as shock to stock returns. Journal of Finance 75:3221–43.

Cocites

Documents in RePEc which have cited the same bibliography

  1. The impact of informed trading on the effectiveness of technical indicators: A behavioral finance perspective. (2025). Xie, Fei ; Zhang, YI ; Yao, Yangyang ; Liu, Yang ; Chen, Xiao.
    In: Pacific-Basin Finance Journal.
    RePEc:eee:pacfin:v:91:y:2025:i:c:s0927538x25000538.

    Full description at Econpapers || Download paper

  2. How should we measure the performance of corporate bond mutual funds? Evaluating model quality and impact on inferences. (2025). Liu, Yuekun ; Riley, Timothy B.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:173:y:2025:i:c:s0378426624002814.

    Full description at Econpapers || Download paper

  3. Too many irons in the fire: The impact of limited institutional attention on market microstructure and efficiency. (2025). Jiang, Hao ; Ma, Yong ; Wang, Tianyang.
    In: Journal of Financial Markets.
    RePEc:eee:finmar:v:73:y:2025:i:c:s1386418125000096.

    Full description at Econpapers || Download paper

  4. An ETF-based measure of stock price fragility. (2025). Lazo Paz, Renato ; Lazo-Paz, Renato ; Gil, Hamilton Galindo.
    In: Journal of Financial Markets.
    RePEc:eee:finmar:v:72:y:2025:i:c:s1386418124000648.

    Full description at Econpapers || Download paper

  5. The information advantage of industry common owners and its spillover effect on stock price crash risk. (2025). Li, Qingyuan ; Ni, Xiaoran ; Yeung, Eric P ; Yin, David.
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:92:y:2025:i:c:s092911992500032x.

    Full description at Econpapers || Download paper

  6. Investors as a liquidity backstop in corporate bond markets. (2025). Foucault, Thierry ; Comerton-Forde, Carole ; Jurkatis, Simon.
    In: Bank of England working papers.
    RePEc:boe:boeewp:1126.

    Full description at Econpapers || Download paper

  7. Once a trader, always a trader: The role of traders in fund management. (2024). Schuster, Philipp ; Cici, Gjergji ; Weishaupt, Franziska.
    In: CFR Working Papers.
    RePEc:zbw:cfrwps:283003.

    Full description at Econpapers || Download paper

  8. Geographic shareholder dispersion and mutual fund flow risk. (2024). Gil-Bazo, Javier ; Santioni, Raffaele.
    In: Economics Working Papers.
    RePEc:upf:upfgen:1886.

    Full description at Econpapers || Download paper

  9. Essays on asset liquidity and investment funds. (2024). Dekker, Lennart.
    In: Other publications TiSEM.
    RePEc:tiu:tiutis:5fc9bf77-84e7-4a36-9e3a-1798e435d435.

    Full description at Econpapers || Download paper

  10. Bond Price Fragility and the Structure of the Mutual Fund Industry. (2024). Giannetti, Mariassunta ; Jotikasthira, Chotibhak.
    In: The Review of Financial Studies.
    RePEc:oup:rfinst:v:37:y:2024:i:7:p:2063-2109..

    Full description at Econpapers || Download paper

  11. Interconnectedness in the Corporate Bond Market. (2024). Scotti, Chiara ; Brunetti, Celso ; Carl, Matthew ; Gerszten, Jacob ; Shin, Chaehee.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2024-66.

    Full description at Econpapers || Download paper

  12. Common ownership along the supply chain and supplier innovations. (2024). Chen, Xian.
    In: Pacific-Basin Finance Journal.
    RePEc:eee:pacfin:v:87:y:2024:i:c:s0927538x24002300.

    Full description at Econpapers || Download paper

  13. Financial market concentration and misallocation. (2024). Sockin, Michael ; Neuhann, Daniel.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:159:y:2024:i:c:s0304405x24000989.

    Full description at Econpapers || Download paper

  14. Does ownership concentration affect corporate bond volatility? Evidence from bond mutual funds. (2024). Huang, Jingzhi ; Wang, Ying.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:165:y:2024:i:c:s0378426624001341.

    Full description at Econpapers || Download paper

  15. Diverse investor reactions to the COVID-19 Pandemic: Insights from an emerging market. (2024). Neupane, Suman ; Fan, Zhebin ; Sanchez, Daniel Yanes.
    In: Journal of International Financial Markets, Institutions and Money.
    RePEc:eee:intfin:v:93:y:2024:i:c:s1042443124000660.

    Full description at Econpapers || Download paper

  16. Extreme illiquidity and cross-sectional corporate bond returns. (2024). Chen, XI ; Wang, Junbo ; Wu, DI.
    In: Journal of Financial Markets.
    RePEc:eee:finmar:v:68:y:2024:i:c:s1386418124000132.

    Full description at Econpapers || Download paper

  17. ESG investment preference and fund vulnerability. (2024). Wang, HU.
    In: International Review of Financial Analysis.
    RePEc:eee:finana:v:91:y:2024:i:c:s1057521923005185.

    Full description at Econpapers || Download paper

  18. Do mutual funds and ETFs affect the commonality in liquidity of corporate bonds?. (2024). Cotelioglu, Efe.
    In: Journal of Empirical Finance.
    RePEc:eee:empfin:v:78:y:2024:i:c:s0927539824000550.

    Full description at Econpapers || Download paper

  19. Tail risks and private equity performance. (2024). Kurtovi, Hrvoje ; Markarian, Garen.
    In: Journal of Empirical Finance.
    RePEc:eee:empfin:v:75:y:2024:i:c:s092753982300124x.

    Full description at Econpapers || Download paper

  20. Climate shocks, institutional investors, and the information content of stock prices. (2024). Martin-Flores, Jose M ; Blanco, Ivan ; Remesal, Alvaro.
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:86:y:2024:i:c:s0929119924000294.

    Full description at Econpapers || Download paper

  21. Geographic Shareholder Dispersion and Mutual Fund Flow Risk. (2024). Gil-Bazo, Javier ; Santioni, Raffaele.
    In: Working Papers.
    RePEc:bge:wpaper:1440.

    Full description at Econpapers || Download paper

  22. Geographic shareholder dispersion and mutual fund flow risk. (2024). Gil-Bazo, Javier ; Santioni, Raffaele ; Kempf, Alexander.
    In: Temi di discussione (Economic working papers).
    RePEc:bdi:wptemi:td_1461_24.

    Full description at Econpapers || Download paper

  23. Buy the rumor, sell the news: Liquidity provision by bond funds following corporate news events. (2023). Wermers, Russ ; Xue, Jinming ; Huang, Alan Guoming.
    In: CFR Working Papers.
    RePEc:zbw:cfrwps:281205.

    Full description at Econpapers || Download paper

  24. The social cost of investor distraction: Evidence from institutional cross-blockholding. (2023). Astvansh, Vivek ; Qu, Jimmy Chengyuan ; Chen, Tao.
    In: PLOS ONE.
    RePEc:plo:pone00:0286336.

    Full description at Econpapers || Download paper

  25. A Critical Review of the Common Ownership Literature. (2023). Lowry, Michelle ; Gerardi, Kristopher ; Schenone, Carola.
    In: FRB Atlanta Working Paper.
    RePEc:fip:fedawp:97271.

    Full description at Econpapers || Download paper

  26. When large traders create noise. (2023). Glebkin, Sergei ; Kuong, John Chi-Fong.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:150:y:2023:i:2:s0304405x23001411.

    Full description at Econpapers || Download paper

  27. The Big Three and board gender diversity: The effectiveness of shareholder voice. (2023). Gupta, Vishal K ; Gormley, Todd A ; Mortal, Sandra C ; Yang, Lukai ; Matsa, David A.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:149:y:2023:i:2:p:323-348.

    Full description at Econpapers || Download paper

  28. Hedge fund manager timing and selectivity skill over time. A holdings-based estimate. (2023). Kang, Minjeong ; Aiken, Adam L.
    In: Finance Research Letters.
    RePEc:eee:finlet:v:58:y:2023:i:pb:s1544612323008115.

    Full description at Econpapers || Download paper

  29. Does common ownership constrain managerial rent extraction? Evidence from insider trading profitability. (2023). Chen, Shenglan ; Wu, Qiang ; Ma, Hui ; Zhang, Hao.
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:80:y:2023:i:c:s092911992300038x.

    Full description at Econpapers || Download paper

  30. How do institutional investors react to local shocks during a crisis? A test using the COVID‐19 pandemic. (2023). Zhou, Tingyu ; Ling, David C ; Wang, Chongyu.
    In: Real Estate Economics.
    RePEc:bla:reesec:v:51:y:2023:i:5:p:1246-1284.

    Full description at Econpapers || Download paper

  31. Investigating the determinants of corporate bond credit spreads in the euro area. (2023). Letta, Simone ; Mirante, Pasquale.
    In: Temi di discussione (Economic working papers).
    RePEc:bdi:wptemi:misp_036_23.

    Full description at Econpapers || Download paper

  32. Passive-Aggressive Trading: The Supply and Demand of Liquidity by Mutual Funds*. (2022). Christoffersen, Susan K ; Keim, Donald B ; Musto, David K ; Rzenik, Aleksandra.
    In: Review of Finance.
    RePEc:oup:revfin:v:26:y:2022:i:5:p:1145-1177..

    Full description at Econpapers || Download paper

  33. Does mutual fund illiquidity introduce fragility into asset prices? Evidence from the corporate bond market. (2022). Sun, Zheng ; Li, YI ; Jiang, Hao ; Wang, Ashley.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:143:y:2022:i:1:p:277-302.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-09-24 17:58:44 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.