This paper investigates the application of factor investing in corporate bonds. Our results
show that proficiency in the drivers of risk and return, the factors, should be used for bottom-up …

This paper investigates the impact of annual report readability on the corporate bond market.
My findings indicate that in the US corporate bond market, firms with less readable annual …

We find that forward-looking climate metrics, such as a firm’s carbon emission target, contain
information about future carbon emission growth rates. Better forward-looking metrics are …

The regulatory focus on quantifiable sustainable investing shifts investors’ demand toward
impact products, which creates challenges in achieving their primary target of outperformance…

In this paper, I investigate the asset allocation ability of mutual fund investors. Specifically, I
examine differences among non-proprietary brokers, proprietary brokers and direct channels …

Traditional corporate bond pricing models have had limited success in explaining actual
corporate yield spreads. While research conducted over the past decade has substantially …

One of the main principles of the efficiency of markets depends on the characteristics of the
good in terms of exclusivity and rivalry. While markets work efficiently for private goods, they …

This paper examines how to combine single factors into a multifactor portfolio of corporate
bonds. The two most common approaches in the literature are the so-called ‘integrated’and ‘…

Machine learning techniques have gained popularity in recent years but only to a limited
extent in fixed-income research. This article shows some new work in the application of “…

We study the bond price reaction of a merged firms peers, in order to better understand how
the market responds to a restructuring. We argue that a merger announcement may signal …