Yu, Yifan

This thesis consists of three chapters on institutional investors in bond market. Chapter 1 examines duration hedging behavior in corporate bond market by studying investment decisions of life insurance companies, the largest institutional investors in this market. I find that l…

The terrestrial biosphere is responsible for removing roughly one quarter of the total anthropogenic emissions of carbon dioxide from the atmosphere. This process is dominated by the forests. The terrestrial portion of the global carbon cycle is also the most uncertain. Growing …