Article by Jens Dick-Nielsen selected as Lead article and Editor’s choice in RFS
The article ‘The Cost of Immediacy for Corporate Bonds’ by Jens Dick-Nielsen and co-author Marco Rossi was featured as Lead article and was selected as Editor’s choice in the latest issue of the Review of Financial Studies.
The Lead article and Editor's choice are usually selected based on the quality of the article and the potential for the study to make a significant impact and the Review of Financial Studies is one of the top-tier journals with finance research, so this is a great honor.
The paper shows that the cost of immediacy for corporate bonds has increased dramatically after the financial crisis. This increase in transaction costs can be linked to anticipated tighter regulation which impacts market makers' desire to hold inventory positions.
The article is open access and can be acessed via the link above.
Find more information about Associate professor and FRIC center member Jens Dick-Nielsen and his research here