Financial Management

2006 - 2025

Continuation of Financial Management.

Current editor(s): William G. Christie

From Financial Management Association International
Contact information at EDIRC.
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Volume 51, issue 4, 2022

Diving into dark pools pp. 961-994

Sabrina Buti, Barbara Rindi and Ingrid M. Werner

The power of the market over government officials: Evidence from an anticorruption campaign in China pp. 995-1030

Nianhang Xu, Nian Li, Rongrong Xie and Kam C. Chan

Bank bailouts, bail‐ins, or no regulatory intervention? A dynamic model and empirical tests of optimal regulation and implications for future crises pp. 1031-1090

Allen N. Berger, Charles P. Himmelberg, Raluca Roman and Sergey Tsyplakov

The dark side of IPOs: Examining where and who trades in the IPO secondary market pp. 1091-1126

Justin Cox, Bonnie Van Ness and Robert Van Ness

Negative returns on addition to the S&P 500 index and positive returns on deletion? New evidence on the attractiveness of S&P 500 versus S&P 400 indexes pp. 1127-1164

Anand M. Vijh and Jiawei (Brooke) Wang

Are the flows of exchange‐traded funds informative? pp. 1165-1200

Liao Xu, Xiangkang Yin and Jing Zhao

Does trade clustering reduce trading costs? Evidence from periodicity in algorithmic trading pp. 1201-1229

Dmitriy Muravyev and Joerg Picard

Volume 51, issue 3, 2022

What prevents women from reaching the top? pp. 711-738

Matti Keloharju, Samuli Knüpfer and Joacim Tåg

Investor learning and mutual fund flows pp. 739-765

Jennifer Huang, Kelsey D. Wei and Hong Yan

Should hedge funds deviate from the benchmark? pp. 767-795

Ekaterini Panopoulou and Nikolaos Voukelatos

Dynamics of managerial power and CEO compensation in the course of corporate distress: Evidence from 1992 to 2019 pp. 797-825

Sheng Guo, Qiang Kang and Oscar Mitnik

Stock returns and inflation shocks in weaker economic times pp. 827-867

Robert A. Connolly, Chris Stivers and Licheng Sun

Innovative firms’ cash holdings, tax policies, and institutional environments pp. 869-902

Fengfei Li and Tse‐Chun Lin

Bank lending networks and the propagation of natural disasters pp. 903-927

Ivan T. Ivanov, Marco Macchiavelli and Joao Santos

Individual investors' dispersion in beliefs and stock returns pp. 929-953

Junjun Ma, Xindan Li, Lei Lu, Weixing Wu and Xiong Xiong

Volume 51, issue 2, 2022

A hidden hand in corporate lobbying pp. 357-397

Anqi Jiao

Industry tournament incentives and corporate hedging policies pp. 399-453

Gunratan Lonare, Ahmet Nart and Ahmet M. Tuncez

Presidential power and stock returns pp. 455-499

Youngsoo Kim and Jung Chul Park

How much for a haircut? Illiquidity, secondary markets, and the value of private equity pp. 501-538

Nicolas P. B. Bollen and Berk A. Sensoy

Does dividend policy affect sales growth in product markets? Evidence from the 2003 dividend tax cut pp. 539-571

Atsushi Chino and Joon Ho Kim

Oil price shocks and stock market anomalies pp. 573-612

Zhaobo Zhu, Licheng Sun, Jun Tu and Qiang Ji

Does perception of social issues affect portfolio choices? Evidence from the #MeToo movement pp. 613-634

Douglas O. Cook and Shikong (Scott) Luo

The role of credit default swaps in determining corporate payout policy pp. 635-661

Hwang Hee Lee and Frederick Dongchuhl Oh

Industry centrality: Weak ties, industry attributes, and managerial contracting pp. 663-699

Rasha Ashraf, Nishant Dass and Vikram Nanda

Volume 51, issue 1, 2022

The purpose of a finance professor pp. 3-26

Alex Edmans

Shorting activity and stock return predictability: Evidence from a mandatory disclosure shock pp. 27-71

Paul A. Griffin, Hyun A. Hong, Ivalina Kalcheva and Jeong‐Bon Kim

The impact of credit rating information on disclosure quality pp. 73-115

Yung‐Ling Chi and Sean Flynn

Geographic proximity and price efficiency: Evidence from high‐speed railway connections between firms and financial centers pp. 117-141

Hao Gao, Yuanyu Qu and Tao Shen

Does the Federal Open Market Committee cycle affect credit risk? pp. 143-167

Difang Huang, Yubin Li, Xinjie Wang and Zhaodong Zhong

Economic forecasts, anchoring bias, and stock returns pp. 169-191

Gene Birz, Sandip Dutta and Han Yu

Director diversity and inclusion: At the table but in the game? pp. 193-225

Nemmara K. Chidambaran, Yun Liu and Nagpurnanand Prabhala

Ultimate ownership and bank competition pp. 227-269

José Azar, Sahil Raina and Martin Schmalz

Trademark and IPO underpricing pp. 271-296

Bin Yang and Tao Yuan

The influence of learning and bargaining on CEO–chair duality: Evidence from firms that pass the baton pp. 297-350

Narayanan Jayaraman, Vikram Nanda and Harley E. Ryan

Volume 50, issue 4, 2021

The expected investment growth premium pp. 905-933

Jun Li, Huijun Wang and Jianfeng Yu

Powerful independent directors pp. 935-983

Kathy Fogel, Liping Ma and Randall Morck

Working hard for long‐distance relationships: Geographic proximity and relationship‐specific investments pp. 985-1011

Kershen Huang, Chenguang Shang and Chi Zhang

Do managers provide misleading earnings forecasts before stock repurchases? pp. 1013-1046

Amrita S. Nain and Anand M. Vijh

Rating labels and style investing: Evidence from Moody's rating recalibration pp. 1047-1084

Xinyuan Tao and Chunchi Wu

Defined benefit pension de‐risking and corporate risk‐taking pp. 1085-1111

Brian Silverstein

The real effects of institutional spatial concentration pp. 1113-1167

Xiaoran Huang, Zheng Qiao and Lei Zhang

Heterogeneous preferences, investment, and asset pricing pp. 1169-1193

Bo Liu, Lei Lu, Congming Mu and Jinqiang Yang

Volume 50, issue 3, 2021

Political connections and informed trading: Evidence from TARP pp. 619-644

Ozlem Akin, Nicholas S. Coleman, Christian Fons‐Rosen and Jose-Luis Peydro

Does policy uncertainty increase relational risks? Evidence from strategic alliances pp. 645-689

Mufaddal Baxamusa, Sudip Datta and Anand Jha

The effects of political competition on the funding of public‐sector pension plans pp. 691-725

Sutirtha Bagchi

Blockchain speculation or value creation? Evidence from corporate investments pp. 727-746

Don M. Autore, Nicholas Clarke and Danling Jiang

The role of P2P platforms in enhancing financial inclusion in the United States: An analysis of peer‐to‐peer lending across the rural–urban divide pp. 747-774

Pankaj Kumar Maskara, Emre Kuvvet and Gengxuan Chen

Short selling, agency, and corporate investment pp. 775-804

Mahdi Nezafat, Tao Shen and Qinghai Wang

Why do takeover targets protect acquirers? Evidence from force‐the‐vote provisions pp. 805-843

Sridhar Gogineni and John Puthenpurackal

The dark side of shareholder litigation: Evidence from corporate takeovers pp. 845-873

Yongqiang Chu and Yijia (Eddie) Zhao

The effect of privatization on the characteristics of innovation pp. 875-898

Hyacinthe Y. Somé, Marcelo Cano‐Kollmann, Ram Mudambi and Jean‐Claude Cosset

Volume 50, issue 2, 2021

On a stakeholder model of corporate governance pp. 321-343

Jonathan Karpoff

Industry tournament incentives and stock price crash risk pp. 345-369

Thomas R. Kubick and G. Brandon Lockhart

Anomalies enhanced: A portfolio rebalancing approach pp. 371-424

Yufeng Han, Dayong Huang and Guofu Zhou

Price anchors and short‐term reversals pp. 425-454

Zhaobo Zhu, Licheng Sun and Chris Stivers

Are the risk attitudes of professional investors affected by personal catastrophic experiences? pp. 455-486

Gennaro Bernile, Vineet Bhagwat, Ambrus Kecskés and Phuong‐Anh Nguyen

A rundown of merger target run‐ups pp. 487-518

Marie Dutordoir, Evangelos Vagenas‐Nanos, Patrick Verwijmeren and Betty Wu

Correlation and the omitted variable: A tale of two prices pp. 519-552

Xing Han and Zheyao Pan

Bargaining power and outside options in the interbank lending market pp. 553-586

Puriya Abbassi, Falk Bräuning and Niels Schulze

Interest rate risk of life insurers: Evidence from accounting data pp. 587-612

Axel Möhlmann

Volume 50, issue 1, 2021

Twitter activity, investor attention, and the diffusion of information pp. 3-46

David Rakowski, Sara E. Shirley and Jeffrey R. Stark

Career concerns and peer effects in institutional tournaments: Evidence from ECB reserve currency portfolios pp. 47-73

Benjamin Sahel, Antonio Scalia and Luana Zaccaria

Relevance of the disposition effect on the options market: New evidence pp. 75-106

Mi‐Hsiu Chiang, Hsin‐Yu Chiu and Robin K. Chou

Learning and predictability via technical analysis: Evidence from bitcoin and stocks with hard‐to‐value fundamentals pp. 107-137

Andrew Detzel, Hong Liu, Jack Strauss, Guofu Zhou and Yingzi Zhu

Differential risk premiums and the UIP puzzle pp. 139-167

Rita Biswas, Louis R. Piccotti and Ben Schreiber

Institutional influence on syndicate structure and cross‐border leveraged buyouts pp. 169-202

Chen Liu, Lynnette Purda and Hui Zhu

Informativeness of mutual fund advertisements: Does advertising communicate fund quality to investors? pp. 203-236

Khaled Obaid and Kuntara Pukthuanthong

Economic policy uncertainty and momentum pp. 237-259

Ming Gu, Minxing Sun, Yangru Wu and Weike Xu

Stock pledging and firm risk: Evidence from India pp. 261-280

Yogesh Chauhan, Ajay Kumar Mishra and Ronald W. Spahr

Advertising, investor attention, and stock prices: Evidence from a natural experiment pp. 281-314

Erik J. Mayer