Skip to main navigation Skip to main content
info(at)avldigital.remove-this.de
Deutsch English
Narrow Search
Search narrowed by
Last searches

Results for *

Displaying results 1 to 3 of 3.

  1. Articulation of the Indian Feminine: Myth and Reality
    Author: Kar, Nishamani
    Published: 2013
    Publisher:  LAP LAMBERT Academic Publishing, Saarbrücken

    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9783659421280; 3659421286
    Other identifier:
    9783659421280
    Edition: 1. Aufl.
    Other subjects: (Produktform)Electronic book text; Gender; Intervention; patriarchy; empowerment; feminine; subaltern; Assertion; Role-status-matrix; Commonality; Life-stories; (VLB-WN)1726: Soziologie/Frauenforschung, Geschlechterforschung
    Scope: Online-Ressource
    Notes:

    Lizenzpflichtig. - Vom Verlag als Druckwerk on demand und/oder als E-Book angeboten
  2. Do mutual funds and ETFs affect the commonality in liquidity of corporate bonds?
    Author: Çötelioğlu, Efe
    Published: 2020
    Publisher:  Swiss Finance Institute, Geneva

    The paper studies the effect of growing mutual fund and ETF ownership on the commonality in liquidity of underlying bonds. Unpredictable liquidity needs of funds may give rise to correlated trading across underlying illiquid bonds. I document that... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 544
    Inter-library loan:
    No inter-library loan

     

    The paper studies the effect of growing mutual fund and ETF ownership on the commonality in liquidity of underlying bonds. Unpredictable liquidity needs of funds may give rise to correlated trading across underlying illiquid bonds. I document that there is a positive and significant relationship between ETF ownership and liquidity commonality of investment-grade bonds suggesting that ETFs reduce the possibility to diversify liquidity risk. In contrast, and unlike for equities, mutual fund ownership does not affect the co-movement in liquidity of bonds. I show that three channels explain the differential impact of ETFs and mutual funds: flow-driven correlated trading, different investor clienteles, and ETF arbitrage activity

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Research paper series / Swiss Finance Institute ; no 20, 81
    Swiss Finance Institute Research Paper ; No. 20-81
    Subjects: Corporate Bonds; Liquidity; Commonality; Exchange-Traded Funds (ETFs); Mutual Funds
    Other subjects: Array
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  3. Do ETFs increase the commonality in liquidity of underlying stocks?
    Author: Agarwal, Vikas; Hanouna, Paul; Moussawi, Rabih; Stahel, Christof W.
    Published: 2021
    Publisher:  Centre for Financial Research, Cologne

    We examine the impact of ETF ownership on the commonality in liquidity of underlying stocks, while controlling for other institutional ownership. Analyses using aggregate stock-level ETF ownership and common ETF ownership at the stock-pair level... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 142
    Inter-library loan:
    No inter-library loan

     

    We examine the impact of ETF ownership on the commonality in liquidity of underlying stocks, while controlling for other institutional ownership. Analyses using aggregate stock-level ETF ownership and common ETF ownership at the stock-pair level indicate that ETF ownership significantly increases commonality. We show that greater arbitrage activities are associated with a larger effect of ETF ownership on commonality. We use quasi-natural experiments that exploit the reconstitution of Russell indexes, and ETF trading halts, to establish the causal effect of ETF ownership and the arbitrage mechanism, respectively. Our results suggest that ETFs reduce investors' ability to diversify liquidity risk.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/232548
    Series: CFR working paper ; no. 21, 04
    Subjects: Exchange-Traded Funds (ETFs); Liquidity; Commonality; Arbitrage; Trading Halts; Index Reconstitution
    Scope: 1 Online-Ressource (circa 57 Seiten), Illustrationen