The global financial system showed remarkable resilience during the COVID-19 pandemic,
despite a sharp decline in economic activity and the initial financial market upheaval in …

We uncover a dynamic link between bond fund yield and investor flows. We find that bond
funds with higher SEC yield attract more flows, after controlling for past fund returns and …

The study investigates trading volume activities post-earnings announcement and their
impact on abnormal returns. The objectives are to examine the changes in trading volume …

This paper studies all open-end active mutual funds investing in euro area fixed income,
taking into account the relative ESG risk exposure. Working with a novel dataset, we identify …

The COVID-19 pandemic led to a surge in credit spreads that cannot be fully explained by a
higher probability of issuer defaults. The sharp rise in spreads is consistent with a liquidity …

This paper empirically investigates the performance of timing strategies effectively used by
investors in the euro area. Working with a novel dataset, we identify short-term determinants …