Ep.146 – Yesha Yadav on Bond Markets

Yesha Yadav, professor of law at Vanderbilt University, joins the Business Scholarship Podcast to discuss her article The Broken Bond Market, which she co-authored with Jonathan Brogaard, professor of finance at the University of Utah. In this article, Yadav and Brogaard observe an inverse relationship between bond liquidity and governance bespokeness, which forces a tradeoff between tradability and investor protection. They recommend private-ordering solutions to reduce this dichotomy. This episode is hosted by Andrew Jennings, assistant professor at Brooklyn Law School, with editing by Daniel Hamilton, a third-year student at Brooklyn Law School.