Plausibly Exogenous [1874] - Hedge Funds (03/21/2025)

LHS Variable
Banks’ risk management practices

RHS Variable
Hedge funds’ bargaining power

Source of Exogenous Variation
Credit Suisse's exit from the prime brokerage business as an exogenous shock to hedge funds' bargaining power

- Bittner and Jank (2025), “Lending to Hedge Funds: Does Competition Erode Bank Risk Management?”