Contracting Costs, Covenant-Lite Lending, and Reputational Capital
Dominique Badoer, Mustafa Emin, and Christopher James Using a large sample of leveraged loans, we provide evidence that, despite having fewer creditor... Learn More
Option-Implied Dependence and Correlation Risk Premium
Oleg Bondarenko and Carole Bernard We propose a novel model-free approach to obtain the joint risk-neutral distribution among several assets that is... Learn More
Fast Filtering with Large Option Panels: Implications for Asset Pricing
Arnaud Dufays, Kris Jacobs, Yuguo Liu, and Jeroen Rombouts The cross-section of options holds great promise for identifying return distributions and risk... Learn More