Debt Issuance in the Era of Passive Investment
Published Online:1 Aug 2025https://doi.org/10.1287/mnsc.2023.01999
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The replication files for this article are available HERE.
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- 23 October 2025 | Economic and Political Studies, Vol. 13, No. 4
Volume 72, Issue 3
March 2026
Pages 1727-2679, iv-vi
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- Received:June 29, 2023
- Accepted:March 20, 2025
- Published Online:August 01, 2025
This article was written and prepared by U.S. government employee(s) on official time and is therefore in the public domain.
Cite as
Michele Dathan, Sergei Davydenko (2025) Debt Issuance in the Era of Passive Investment. Management Science 72(3):2565-2593.
https://doi.org/10.1287/mnsc.2023.01999
Keywords
The authors are grateful for comments from Pat Akey, Ian Appel, Susan Christoffersen, Alexander Dyck, Gianpaolo Parise, Melina Papoutsi, Stuart Turnbull, two anonymous referees, seminar participants at the University of Toronto, and participants at the American Finance Association and European Finance Association Meetings and the SFS Cavalcade. The analysis and conclusions are those of the authors and do not reflect the views of the Board of Governors of the Federal Reserve Board.
