This paper provides novel evidence of redemptions in corporate bond exchange-traded funds (ETFs). I investigate economic incentives for choosing redemption baskets in the primary market. ETFs dispose of bonds with high price pressure exposures, and authorized participants (APs) select assets...

This paper investigates corruption in welfare targeting in developing countries and evaluates the effectiveness of top-down monitoring in addressing this issue. Using administrative records from China's rural Basic Living Allowance program (RBLA), we demonstrate that cadre-connected families are...

In this work, a semisolid back-extruded ZCuSn10P1 copper alloy sleeve was solution treated. The effects of solution temperature on the microstructures and mechanical properties were investigated. The results show that the solution and aging treatments have a great influence on the...