Financial Management

2006 - 2025

Continuation of Financial Management.

Current editor(s): William G. Christie

From Financial Management Association International
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Volume 48, issue 4, 2019

Foreword pp. 979-979

Christine A. Parlour

The future of fintech pp. 981-1007

Sanjiv Das

The roles of alternative data and machine learning in fintech lending: Evidence from the LendingClub consumer platform pp. 1009-1029

Julapa Jagtiani and Catharine Lemieux

Insights from bitcoin trading pp. 1031-1048

Pankaj K. Jain, Thomas McInish and Jonathan L. Miller

Cryptocurrencies: Stylized facts on a new investible instrument pp. 1049-1068

Albert S. Hu, Christine A. Parlour and Uday Rajan

Machine learning and asset allocation pp. 1069-1094

Bryan R. Routledge

Volume 48, issue 3, 2019

Risk‐taking channel of monetary policy pp. 725-738

Tobias Adrian, Arturo Estrella and Hyun Song Shin

Does the Mandatory Bid Rule Add Value to Target Shareholders? pp. 739-771

Sapnoti K. Eswar

Underreaction to Political Information and Price Momentum pp. 773-804

Jawad M. Addoum, Stefanos Delikouras, Da Ke and Alok Kumar

Communication and Comovement: Evidence from Online Stock Forums pp. 805-847

Lei Jiang, Jinyu Liu and Baozhong Yang

Executive Network Centrality and Stock Liquidity pp. 849-871

Jared F. Egginton and William R. McCumber

ETF Competition and Market Quality pp. 873-916

Travis Box, Ryan L. Davis and Kathleen P. Fuller

The real effects of proxy advisors on the firm pp. 917-943

Paul Calluzzo and Evan Dudley

Watch Your Basket ‐ to Determine CEO Compensation pp. 945-971

Neal Galpin, Hae Won (Henny) Jung, Lyndon Moore and Ekaterina Volkova

Volume 48, issue 2, 2019

Identifying and treating outliers in finance pp. 345-384

John Adams, Darren Hayunga, Sattar Mansi, David Reeb and Vincenzo Verardi

Instrumental Variables Analysis and the Role of National Culture in Corporate Finance pp. 385-416

Robert Nash and Ajay Patel

The CDS‐bond basis pp. 417-439

Jennie Bai and Pierre Collin‐Dufresne

Are specialist funds “special”? pp. 441-472

Daniel Fricke

Policy Uncertainty and the Dual Role of Corporate Political Strategies pp. 473-504

Chansog (Francis) Kim, Incheol Kim, Christos Pantzalis and Jung Chul Park

Expected versus Ex Post Profitability in the Cross‐Section of Industry Returns pp. 505-536

Andrew Detzel, Philipp Schaberl and Jack Strauss

What Are Boards For? Evidence from Closely Held Firms in Colombia pp. 537-573

Belén Villalonga, María‐Andrea Trujillo, Alexander Guzmán and Neila Cáceres

Do Business Borrowers Benefit from Bank Bailouts?: The Effects of TARP on Loan Contract Terms pp. 575-639

Allen N. Berger, Tanakorn Makaew and Raluca Roman

Do Proprietary Algorithmic Traders Withdraw Liquidity during Market Stress? pp. 641-676

Samarpan Nawn and Ashok Banerjee

Size of Financing Need and the Choice between Asset Sales and Security Issuances pp. 677-718

Chintal A. Desai and Manu Gupta

Volume 48, issue 1, 2019

Does Firing a CEO Pay Off? pp. 3-43

George Alexandridis, John A. Doukas and Christos P. Mavis

When and Why Do Takeovers Lead to Fraud? pp. 45-76

Hee Sub Byun, Woojin Kim, Eun Jung Lee and Kyung Suh Park

Jockeying for Position in CEO Letters: Impression Management and Sentiment Analytics pp. 77-115

Kris Boudt and James Thewissen

Will Money Talk? Firm Bribery and Credit Access pp. 117-157

Shusen Qi and Steven Ongena

Allocation to Anchor Investors, Underpricing, and the After‐Market Performance of IPOs pp. 159-186

Rama Seth, S. R. Vishwanatha and Durga Prasad

Short Interest and Lottery Stocks pp. 187-227

Kelley Bergsma and Jitendra Tayal

Measuring Sovereign Risk: Are CDS Spreads Better than Sovereign Credit Ratings? pp. 229-256

Ivan Rodriguez, Krishnan Dandapani and Edward R. Lawrence

Does Noninformative Text Affect Investor Behavior? pp. 257-289

Alyssa G. Anderson and Yelena Larkin

Initial Offer Precision and M&A Outcomes pp. 291-310

Petri Hukkanen and Matti Keloharju

Informed Trading of Mutual Funds: Evidence from Fund‐Underwriter Relationships pp. 311-338

Hyoseok (David) Hwang

Volume 47, issue 4, 2018

The Theory and Practice of Corporate Risk Management: Evidence from the Field pp. 783-832

Erasmo Giambona, John R. Graham, Campbell Harvey and Gordon Bodnar

Experience and Brokerage in Asset Markets: Evidence from Art Auctions pp. 833-864

Brunella Bruno, Emilia Garcia‐Appendini and Giacomo Nocera

Are Low Equity R2 Firms More or Less Transparent? Evidence from the Corporate Bond Market pp. 865-909

Wei Hao, Andrew Prevost and Udomsak Wongchoti

Yes, the Composition of the Market Portfolio Matters: The Estimated Cost of Equity pp. 911-929

Avraham Kamara and Lance Young

Credit Insurance, Distress Resolution Costs, and Bond Spreads pp. 931-951

Rajesh Narayanan and Cihan Uzmanoglu

Large Wealth Creation in Mergers and Acquisitions pp. 953-991

Eliezer M. Fich, Tu Nguyen and Micah Officer

Having a Finger in the Pie: Labor Power and Corporate Payout Policy pp. 993-1027

In‐Mu Haw, Bingbing Hu, Donghui Wu and Xu Zhang

Volume 47, issue 3, 2018

Leaning Against the Wind: Debt Financing in the Face of Adversity pp. 485-518

Michael J. Brennan and Holger Kraft

Information Content of Offer Date Revelations: A Fresh Look at Seasoned Equity Offerings pp. 519-552

Konan Chan, Nandkumar Nayar, Ajai K. Singh and Wen Yu

Distress Anomaly and Shareholder Risk: International Evidence pp. 553-581

Assaf Eisdorfer, Amit Goyal and Alexei Zhdanov

Management Risk Incentives and the Readability of Corporate Disclosures pp. 583-616

Bidisha Chakrabarty, Ananth Seetharaman, Zane Swanson and Xu (Frank) Wang

Do Pro‐Diversity Policies Improve Corporate Innovation? pp. 617-650

Roger C. Mayer, Richard S. Warr and Jing Zhao

Corporate Governance, Tax Avoidance, and Financial Constraints pp. 651-677

Onur Bayar, Fariz Huseynov and Sabuhi Sardarli

Banks and Corporate Decisions: Evidence from Business Groups pp. 679-713

Huong N. Higgins

The Only Fund in Town? Geographic Segmentation in the US Mutual Fund Industry pp. 715-737

Jesse A. Ellis and Shane Underwood

Productivity Risk and Industry Momentum pp. 739-774

Efdal Ulas Misirli

Volume 47, issue 2, 2018

Do Outside Directors with Government Experience Create Value? pp. 209-251

Jun†Koo Kang and Le Zhang

Financial Institutions Network and the Certification Value of Bank Loans pp. 253-283

Christophe Godlewski and Bulat Sanditov

Determinants of Underwriting Fees by New Entrant Banks: Evidence from the Japanese IPO Underwriting Market pp. 285-307

Keiichiro Koda and Kazuo Yamada

Mutual Fund Stock†Picking Skill: New Evidence from Valuation†versus Liquidity†Motivated Trading pp. 309-347

Martin Rohleder, Dominik Schulte, Janik Syryca and Marco Wilkens

Do Co†Opted Directors Influence Dividend Policy? pp. 349-381

Pornsit Jiraporn and Sang Mook Lee

The Impact of Government Intervention on Corporate Investment Allocations and Efficiency: Evidence from China pp. 383-419

Ying Hao and Jing Lu

Sold Below Value? Why Takeover Offers Can Have Negative Premiums pp. 421-450

Utz Weitzel and Gerhard Kling

Firm Competition and CEO Turnover: Evidence from US Railroad Deregulation pp. 451-476

Felipe Aldunate

Volume 47, issue 1, 2018

Mutual Fund Managers’ Prior Work Experience and Their Investment Skill pp. 3-24

Rui Chen, Zhennan Gao, Xueyong Zhang and Min Zhu

Mandatory Worker Representation on the Board and Its Effect on Shareholder Wealth pp. 25-54

Stefan Petry

The Shareholder Base Hypothesis of Stock Return Volatility: Empirical Evidence pp. 55-79

Håkan Jankensgård and Anders Vilhelmsson

Informed Options Trading Prior to Dividend Change Announcements pp. 81-103

Jun Zhang

The Propensity to Split and CEO Compensation pp. 105-129

Erik Devos, William B. Elliott and Richard S. Warr

School Holidays and Stock Market Seasonality pp. 131-157

Lily Fang, Chunmei Lin and Yuping Shao

Corporate Cash Holdings and Acquisitions pp. 159-173

Erik Lie and Yixin Liu

CMBS Subordination, Ratings Inflation, and Regulatory†Capital Arbitrage pp. 175-201

Richard Stanton and Nancy Wallace