European Financial Management

1995 - 2021

Current editor(s): John Doukas

From European Financial Management Association
Contact information at EDIRC.
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Volume 25, issue 5, 2019

Getting it right or getting it cursed: Auction prices in a residential real estate bubble pp. 1121-1149

Clare Branigan, Cal Muckley and Paul Ryan

Managerial optimism: New observations on the unifying theory pp. 1150-1167

J. B. Heaton

Do culture, sentiment, and cognitive dissonance explain the ‘above suspicion’ anomalies? pp. 1168-1195

Ali Altanlar, Jiaqi Guo and Phil Holmes

Psychopathic traits of corporate leadership as predictors of future stock returns pp. 1196-1228

Ayman M. A. Omar, Tomasz Piotr Wisniewski and Liafisu Sina Yekini

The effect of stricter capital regulation on banks’ risk‐taking: Theory and evidence pp. 1229-1248

Frederik Lundtofte and Caren Yinxia Nielsen

Does institutional ownership predict mutual fund performance? An examination of undiscovered holdings within 13(f) reports pp. 1249-1285

Xuhui (Nick) Pan, Kainan Wang and Blerina Zykaj

Impact of board gender composition on corporate debt maturity structures pp. 1286-1320

Yiwei Li and Xiu‐Ye Zhang

Bail‐in rules and the pricing of Italian bank bonds pp. 1321-1347

Fabrizio Crespi, Emanuela Giacomini and Danilo V. Mascia

Individual risk tolerance and herding behaviors in financial forecasts pp. 1348-1377

Jeppe Christoffersen and Simone Stæhr

Volume 25, issue 4, 2019

Overreaction to growth opportunities: An explanation of the asset growth anomaly pp. 747-776

Charlie X. Cai, Peng Li and Qi Zhang

Does MAX matter for mutual funds? pp. 777-806

Bradley A. Goldie, Tyler R. Henry and Haimanot Kassa

How friends with money affect corporate cash policies? The international evidence pp. 807-860

David Javakhadze and Tijana Rajkovic

Board structure and role of outside directors in private firms pp. 861-907

Huasheng Gao and Zhongda He

Hedge fund leverage: 2002–2017 pp. 908-941

Bing Liang and Liping Qiu

The catalytic effect of internationalization on innovation pp. 942-977

Ching‐Hsing Chang, Ching‐Hung Chang, Pi‐Kun Hsu and Sheng‐Yung Yang

Is finance a veil? Lead‐and‐lag relationship between financial and business cycles: The case of China pp. 978-1012

Chung‐Hua Shen, Jun‐Guo Shi and Meng‐Wen Wu

Local official turnover, ownership, and firm cash holdings: Insights from an emerging market pp. 1013-1046

Xiaoran Ni

Employee treatment and its implications for bondholders pp. 1047-1079

Tsung‐Kang Chen, Yan‐Shing Chen and Hsiao‐Lin Yang

Median momentum pp. 1080-1118

Tsung‐Yu Chen and Pin‐Huang Chou

Volume 25, issue 3, 2019

When do investment banks use IPO price support? pp. 437-461

Sturla Fjesme

Exploring short‐ and long‐run links from bank competition to risk pp. 462-488

E Davis and Dilruba Karim

Equity issues when in distress pp. 489-519

Mark D. Walker and Qingqing Wu

The impact of the Morningstar Sustainability Rating on mutual fund flows pp. 520-553

Manuel Ammann, Christopher Bauer, Sebastian Fischer and Philipp Müller

Confucianism, openness to the West, and corporate investment efficiency pp. 554-590

Lei Chen, Zhi Jin, Yongqiang Ma and Hui Xu

Positive externalities of CEO delta pp. 591-621

Hongrui Feng and Yuecheng Jia

Individualistic cultures and crash risk pp. 622-654

Tung Dang, Robert Faff, Hoang Luong and Lily Nguyen

Lottery preferences and the idiosyncratic volatility puzzle pp. 655-683

Doina C. Chichernea, Haimanot Kassa and Steve L. Slezak

Creative culture, risk‐taking, and corporate financial decisions pp. 684-717

Erdem Ucar

How do speculators in agricultural commodity markets impact production decisions and commodity prices? A theoretical analysis pp. 718-743

Christian Koziol and Tilo Treuter

Volume 25, issue 2, 2019

The face of risk: CEO facial masculinity and firm risk pp. 239-270

Shinichi Kamiya, Y. Han (Andy) Kim and Soohyun Park

Does size matter in predicting hedge funds' liquidation? pp. 271-309

Adrien Becam, Andros Gregoriou and Jairaj Gupta

Discounting methods and personal taxes pp. 310-324

Michael Dempsey

Is bank capital sensitive to a tax allowance on marginal equity? pp. 325-357

Jose Martin‐Flores and Christophe Moussu

Contingent capital with repeated interconversion between debt‐ and equity‐like instruments pp. 358-379

Yanping Cai, Zhaojun Yang and Zhiming Zhao

The information content of the implied volatility term structure on future returns pp. 380-406

Yaw‐Huei Wang and Kuang‐Chieh Yen

Securitization and credit quality in the European market pp. 407-434

Alper Kara, David Marques‐Ibanez and Steven Ongena

Volume 25, issue 1, 2019

An international analysis of CEO social capital and corporate risk‐taking pp. 3-37

Stephen P. Ferris, David Javakhadze and Tijana Rajkovic

Target information asymmetry and takeover strategy: Insights from a new perspective pp. 38-79

Paul Borochin, Chinmoy Ghosh and Di Huang

Do investment banks create value for their clients? Empirical evidence from European acquisitions pp. 80-115

Johannes Kolb

Sentiment, order imbalance, and co‐movement: An examination of shocks to retail and institutional trading activity pp. 116-159

Patricia Chelley‐Steeley, Neophytos Lambertides and Christos Savva

The payback of mutual fund selectivity in European markets pp. 160-180

Feng Dong and John A. Doukas

Stock market integration, cost of equity capital, and corporate investment: Evidence from Brazil pp. 181-206

David Hillier and Tiago Loncan

Intangible assets and the book‐to‐market effect pp. 207-236

Hyuna Park

Volume 24, issue 5, 2018

Worthless companies pp. 721-727

J. B. Heaton

Are the Fama French factors treated as risk? Evidence from CEO compensation pp. 728-774

Jeremy Bertomeu, Edwige Cheynel and Michelle Liu‐Watts

Credit risk in banks’ exposures to non‐financial firms pp. 775-791

Matteo Accornero, Giuseppe Cascarino, Roberto Felici, Fabio Parlapiano and Alberto Maria Sorrentino

Earnout deals: Method of initial payment and acquirers’ gains pp. 792-828

Leonidas G. Barbopoulos, Krishna Paudyal and Sudi Sudarsanam

The mixed vs the integrated approach to style investing: Much ado about nothing? pp. 829-855

Markus Leippold and Roger Rueegg

Persistency of the momentum effect pp. 856-892

Hong‐Yi Chen, Pin‐Huang Chou and Chia‐Hsun Hsieh

The effectiveness of asset, liability and equity hedging against catastrophe risk: the cases of winter storms in North America and Europe pp. 893-918

Yang‐Che Wu and Ming Jing Yang

Volume 24, issue 4, 2018

EFM Special Issue “Corporate Policies and Asset Prices” pp. 487-487

Lu Zhang

A framework for identifying accounting characteristics for asset pricing models, with an evaluation of book‐to‐price pp. 488-520

Stephen H. Penman, Francesco Reggiani, Scott A. Richardson and İrem Tuna

Focal points and firm risk pp. 521-544

Ye Cai and Hersh Shefrin

The profitability effect: Insights from international equity markets pp. 545-580

Te‐Feng Chen, Lei Sun, K. C. John Wei and Feixue Xie

There are two very different accruals anomalies pp. 581-609

Andrew Detzel, Philipp Schaberl and Jack Strauss

The relation between bank credit growth and the expected returns of bank stocks pp. 610-649

Priyank Gandhi

The cost of capital effect of M&A transactions: Disentangling coinsurance from the diversification discount pp. 650-679

Patrick Bielstein, Mario Fischer and Christoph Kaserer

Investor heterogeneity and trading pp. 680-718

Anzhela Knyazeva, Diana Knyazeva and Leonard Kostovetsky

Volume 24, issue 3, 2018

CEO talent: A dime a dozen, or worth its weight in gold? pp. 301-308

Nicholas E. Donatiello, David F. Larcker and Brian Tayan

The contagion versus interdependence controversy between hedge funds and equity markets pp. 309-330

Tae Yoon Kim and Hee Soo Lee

Asset pricing puzzles in an OLG economy with generalized preference pp. 331-361

Amadeu DaSilva and Mira Farka

Selling winners, buying losers: Mental decision rules of individual investors on their holdings pp. 362-386

Cristiana Cerqueira Leal, Gilberto Loureiro and Manuel J. Rocha Armada

Income uncertainty and the decision to invest in bulk shipping pp. 387-417

Ioannis Kyriakou, Panos Pouliasis, Nikos Papapostolou and Nikos K. Nomikos

A unified theory of forward‐ and backward‐looking M&As and divestitures pp. 418-450

Qing Ma and Susheng Wang

Corporate debt maturity and stock price crash risk pp. 451-484

Viet Dang, Edward Lee, Yangke Liu and Cheng Zeng

Volume 24, issue 2, 2018

Negative bubbles: What happens after a crash pp. 171-191

William Goetzmann and Dasol Kim

Non†myopic portfolio choice with unpredictable returns: The jump†to†default case pp. 192-208

Anna Battauz and Alessandro Sbuelz

Growth options and firm valuation pp. 209-238

Holger Kraft, Eduardo Schwartz and Farina Weiss

Monetary policy uncertainty, positions of traders and changes in commodity futures prices pp. 239-260

Nikolay Gospodinov and Ibrahim Jamali

Pricing Sovereign Debt: Foreign versus Local Parameters pp. 261-297

Michael Bradley, Elisabeth de Fontenay, Irving Arturo de Lira Salvatierra and Mitu Gulati

Volume 24, issue 1, 2018

Investment beliefs of endowments pp. 3-33

Andrew Ang, Andrés Ayala and William Goetzmann

Consistent valuation of project finance and LBOs using the flows†to†equity method pp. 34-52

Ian A. Cooper and Kjell Nyborg

Maximum diversification strategies along commodity risk factors pp. 53-78

Simone Bernardi, Markus Leippold and Harald Lohre

Market†based estimates of implicit government guarantees in European financial institutions pp. 79-112

Lei Zhao

Optimal ownership structure in private equity pp. 113-135

Bo Liu, Yang Liu and Jinqiang Yang

Exchange traded funds and asset return correlations pp. 136-168

Zhi Da and Sophie Shive