Customer Liquidity Provision: Implications for Corporate Bond Transaction Costs with Jaewon Choi and Yesol Huh. Management Science, 2024

Corporate Bond Mutual Funds and Asset Fire Sales with Jaewon Choi, Saeid Hoseinzade, and Hassan Tehranian. Journal of Financial Economics, 2020

• The paper is a merger outcome of two independent papers:  "Liquidity-Sensitive Trading and Corporate Bond Fund Fire Sales" with Jaewon Choi (also Chapter 2 of my Ph.D. dissertation) and "Corporate Bond Mutual Funds and Asset Fire Sales" by Saeid Hoseinzade and Hassan Tehranian. 

Does Product Market Competition Affect Corporate Governance? Evidence from Corporate Takeovers with Frederick Dongchuhl Oh. Journal of Empirical Finance, 2020

The Growing Index Effect in the Corporate Bond Market with Xing (Alex) Zhou and Qifei Zhu

• [Growing_index_effect.GIF]

• Conferences: AFA 2026 (scheduled); Finance Down Under 2026 (scheduled); SBFC 2025 (scheduled); the 20th Central Bank Conference on the Microstructure of Financial Markets; NUS RMI Annual Risk Management Conference 2025; APAD 2025; KAIST-KU Finance Workshop 2025

• Media: Matt Levine's Money Stuff,  Bloomberg,  ETF Stream

The More Illiquid, The More Expensive: The Reversal of the Liquidity Premium in Corporate Bonds with Jaewon Choi, Jungsuk Han, and Ji Hee Yoon

• Conferences: CICF 2025; Finance Down Under 2024; NTU Finance Conference 2023; KFA Young Scholar Workshop 2023; APAD 2023; FMA 2023; European Winter Meetings of the Econometric Society 2022; FIFI 2022; Junior European Finance Seminar 2021

• Draft available upon request

Extrapolative Investor Demand and Credit Market Bubbles with Jaewon Choi and Byounghyun Jeon

• Conferences: MFA 2025; FMA 2025; CAFM 2024