Latest Events & Seminars
An Institutional Theory of the Firm
The aim of this conference is to fill this gap and to articulate an institutional theory of the firm.
Secular Stagnation or Secular Stagflation
The PGIM Lecture Series in the Honour of Charles Goodhart - inaugural lecture
Nicolas Crouzet (Kellogg School of Management)
Can the cure kill the patient? Corporate credit interventions and debt overhang
Latest News
Latest Publications
Some Evidence of Regulatory Convergence
We find some evidence of regulatory convergence in four distinct areas of business activity over the 2005-2019 period. This convergence is most...
Delegation Chains
We ask why we observe multiple layers of decision-making in fund management with investors, sponsors, fund managers, and consultants, even if...
Bond Funds and Credit Risk
We show that supply-side effects arising from the bond holdings of open-end mutual funds affect corporate credit risk. In our model, funds exposed to...
Dynamic Asset-Backed Security Design
Borrowers obtain liquidity by issuing securities backed by current period payoff and resale price of a long-lived collateral asset. They are privately...
