The Financial Review

1984 - 2025

Current editor(s): Cynthia J. Campbell and Arnold R. Cowan

From Eastern Finance Association
Contact information at EDIRC.
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Volume 54, issue 4, 2019

Alphabeticity Bias in 401(k) Investing pp. 643-677

Thomas W. Doellman, Jennifer Itzkowitz, Jesse Itzkowitz and Sabuhi H. Sardarli

What determines fund performance persistence? International evidence pp. 679-708

Miguel A. Ferreira, Aneel Keswani, António F. Miguel and Sofia Ramos

Sentimental mutual fund flows pp. 709-738

George J. Jiang and H. Zafer Yüksel

Intangible capital, volatility shock, and the value premium pp. 739-762

Yongkil Ahn

Why do large shareholders adopt a short‐term versus a long‐term investment horizon in different firms? pp. 763-800

Onur Kemal Tosun

Return predictability: The dual signaling hypothesis of stock splits pp. 801-831

Ahmed Elnahas, Lei Gao and Ghada Ismail

The aggregate cost of equity underdiversification pp. 833-856

Bjarne Florentsen, Ulf Nielsson, Peter Raahauge and Jesper Rangvid

Volume 54, issue 3, 2019

Increasing the Tick: Examining the Impact of the Tick Size Change on Maker‐Taker and Taker‐Maker Market Models pp. 417-449

Justin Cox, Bonnie Van Ness and Robert Van Ness

Asymmetric news responses of high‐frequency and non‐high‐frequency traders pp. 451-475

S. Sarah Zhang

Does increased hedging lead to decreased price efficiency? The case of VIX ETPs and VIX futures pp. 477-500

Adrian Fernandez‐Perez, Bart Frijns, Alireza Tourani‐Rad and Robert I. Webb

How Firms Use Director Networks in Setting CEO Pay pp. 501-540

Ian Cherry and Vladimir A. Gatchev

Tiered Information Disclosure: An Empirical Analysis of the Advance Peek into the Michigan Index of Consumer Sentiment pp. 541-582

Weishao Wu, Wenchien Liu, Sandy Suardi and Yuanchen Chang

Heterogeneity in the Effect of Managerial Equity Incentives on Firm Value pp. 583-638

Bradley W. Benson, Hui L. James and Jung Chul Park

Volume 54, issue 2, 2019

Early Movers Advantage? Evidence from Short Selling during After‐Hours on Earnings Announcement Days pp. 235-264

Archana Jain, Chinmay Jain and Christine X. Jiang

Regulatory Soft Interventions in the Chinese Market: Compliance Effects and Impact on Option Market Efficiency pp. 265-301

Jimmy E. Hilliard and Haoran Zhang

The Endogeneity of Trading Volume in Stock and Bond Returns: An Instrumental Variable Approach pp. 303-344

Ehab Yamani and David Rakowski

Is Financial Flexibility a Priced Factor in the Stock Market? pp. 345-375

Suresh Kumar Oad Rajput, Udomsak Wongchoti, Jianguo Chen and Robert Faff

Age‐Dependent Increasing Risk Aversion and the Equity Premium Puzzle pp. 377-412

Amadeu DaSilva, Mira Farka and Christos Giannikos

Volume 54, issue 1, 2019

The Core, Periphery, and Beyond: Stock Market Comovements among EU and Non‐EU Countries pp. 5-56

Michael A. Goldstein, Joseph McCarthy and Alexei G. Orlov

It is a Sweetheart of a Deal: Political Connections and Corporate‐Federal Contracting pp. 57-84

Stephen P. Ferris, Reza Houston and David Javakhadze

Trading on Private Information: Evidence from Members of Congress pp. 85-131

Serkan Karadas

The Effect of CEO Extraversion on Analyst Forecasts: Stereotypes and Similarity Bias pp. 133-164

Jochen Becker, Josip Medjedovic and Christoph Merkle

Withdrawn: Three One‐Factor Processes for Option Pricing with a Mean‐Reverting Underlying: The Case of VIX pp. 165-165

Bo Zhao, Cheng Yan and Stewart Hodges

Higher Moments and Exchange Rate Behavior pp. 201-229

Siroos Khademalomoom, Paresh Narayan and Susan Sharma

Volume 53, issue 4, 2018

A Time to Scatter Stones, and a Time to Gather Them: The Annual Cycle in Hedge Fund Risk Taking pp. 669-704

Olga Kolokolova and Achim Mattes

Improving Volatility Forecasts Using Market‐Elicited Ambiguity Aversion Information pp. 705-740

Raymond H.Y. So and Tarik Driouchi

Shiller's CAPE: Market Efficiency and Risk pp. 741-771

Valentin Dimitrov and Prem C. Jain

Endogenous Financial Constraint and Investment‐Cash‐Flow Sensitivity pp. 773-792

Rui Li

Volume 53, issue 3, 2018

Relationship Banking and Loan Syndicate Structure: The Role of Private Equity Sponsors pp. 461-498

Rongbing Huang, Donghang Zhang and Yijia (Eddie) Zhao

A Dynamic Model of Firm Valuation pp. 499-531

Natalia Lazzati and Amilcar A. Menichini

The Wealth Effects of Fairness Opinions in Takeovers pp. 533-568

Tingting Liu

Investor Recognition and Post‐Acquisition Performance of Acquirers pp. 569-604

Di Cui

National Culture and Takeover Contest Outcomes pp. 605-625

Magnus Blomkvist, Karl Felixson and Timo Korkeamäki

The Information Content of Short Selling Around Close Supply Chain Relationships pp. 627-655

Jocelyn D. Evans and Dominique G. Outlaw

Report of the Editors of The Financial Review for 2017 pp. 657-664

Srinivasan Krishnamurthy and Richard S. Warr

Volume 53, issue 2, 2018

Corporate Governance and Firm Survival pp. 209-253

M. Sinan Goktan, Robert Kieschnick and Rabih Moussawi

CEO Incentives and Corporate Innovation pp. 255-300

Tu Nguyen

Director Networks and Credit Ratings pp. 301-336

Bradley W. Benson, Subramanian Rama Iyer, Kristopher J. Kemper and Jing Zhao

Credit Ratings and Managerial Voluntary Disclosures pp. 337-378

Guanming He

A Long†Run Performance Perspective on the Technology Bubble pp. 379-412

Maximilian Franke and Gunter Löffler

Corporate Governance, Social Responsibility, and Data Breaches pp. 413-455

Claire Lending, Kristina Minnick and Patrick J. Schorno

Volume 53, issue 1, 2018

Short Sale Constraints and Single Stock Futures Introductions pp. 5-50

Louis Gagnon

Municipal Disclosure Timeliness and the Cost of Debt pp. 51-86

D. Eli Sherrill and Rustin T. Yerkes

Relative Liquidity, Fund Flows and Short†Term Demand: Evidence from Exchange†Traded Funds pp. 87-115

Markus S. Broman and Pauline Shum

ETF Premiums and Liquidity Segmentation pp. 117-152

Louis R. Piccotti

Industry Costs of Equity: Incorporating Prior Information pp. 153-183

Ping McLemore

Exploiting the “Win But Does Not Cover†Phenomenon in College Basketball pp. 185-204

Jason P. Berkowitz, Craig Depken and John M. Gandar

Volume 52, issue 4, 2017

Tailored versus Mass Produced: Portfolio Managers Concurrently Managing Separately Managed Accounts and Mutual Funds pp. 531-561

Fan Chen, Li-Wen Chen, Hardy Johnson and Sabuhi Sardarli

Shareholder Coordination, Information Diffusion and Stock Returns pp. 563-595

Christos Pantzalis and Bin Wang

What Style Liquidity Timing Skills Do Mutual Fund Managers Possess? pp. 597-626

Tarik Bazgour, Laurent Bodson and Danielle Sougné

Passive Institutional Ownership, R-super-2 Trends, and Price Informativeness pp. 627-659

Jared DeLisle, Dan W. French and Maria Gabriela Schutte

Investor Conferences, Firm Visibility, and Stock Liquidity pp. 661-699

Paul Brockman, Musa Subasi and Cihan Uzmanoglu

Central Bank Actions and Words: The Intraday Effects of FOMC Policy Communications on Individual Equity Volatility and Returns pp. 701-724

Daniel Jubinski and Marc Tomljanovich

On Unmodeled Breaks in the Turn of the Year, Turn of the Month, and January Effects pp. 725-747

Russell P. Robins and Geoffrey Peter Smith

Report of the Editors of The Financial Review for 2016 pp. 749-752

Srinivasan Krishnamurthy and Richard S. Warr

Volume 52, issue 3, 2017

Analyst Optimism and Incentives under Market Uncertainty pp. 307-345

Jin Woo Chang and Hae Mi Choi

Impact of Shareholder Proposals on the Functioning of the Market for Corporate Control pp. 347-371

Rwan El-Khatib, Kathy Fogel and Tomas Jandik

Unconditional Tests of Linear Asset Pricing Models with Time-Varying Betas pp. 373-404

Ji Zhou and Alex Paseka

A Reexamination of Real Stock Returns, Real Interest Rates, Real Activity, and Inflation: Evidence from a Large Data Set pp. 405-433

Paul M. Jones, Eric Olson and Mark Wohar

The Drivers of Sovereign CDS Spread Changes: Local Versus Global Factors pp. 435-457

Ann Marie Hibbert and Ivelina Pavlova

Bank-Owned Life Insurance and Bank Risk pp. 459-498

Travis R. Davidson

The Role of U.S. Market on International Risk-Return Tradeoff Relations pp. 499-526

Licheng Sun, Liang Meng and Mohammad Najand

Volume 52, issue 2, 2017

Do Capital Structure Adjustments by Takeover Targets Influence Acquisition Gains? pp. 171-198

Tomas Jandik and Justin Lallemand

A Generalized Earnings-Based Stock Valuation Model with Learning pp. 199-232

Gady Jacoby, Alexander Paseka and Yan Wang

Why Do Traders Split Orders? pp. 233-258

Ryan Garvey, Tao Huang and Fei Wu

What Determines Collection Rates of Debt Collection Agencies? pp. 259-279

Timo Beck, Jens Grunert, Werner Neus and Andreas Walter

An Empirical Study of International Spillover of Sovereign Risk to Bank Credit Risk pp. 281-302

Winnie P. H. Poon, Jianfu Shen and John E. Burnett

Volume 52, issue 1, 2017

Does the Probability of Informed Trading Model Fit Empirical Data? pp. 5-35

Quan Gan, Wang Chun Wei and David Johnstone

Are Odd-Lot Orders Informed? pp. 37-67

James Upson and Hardy Johnson

Macroeconomic Announcements and the Distribution of Price-Endings in the U.S. Treasury Market pp. 69-100

Andrei Nikiforov and Eugene Pilotte

Foreign Institutional Investment, Ownership, and Liquidity: Real and Informational Frictions pp. 101-144

Mingfa Ding, Birger Nilsson and Sandy Suardi

Contemporaneous Spillover Effects between the U.S. and the U.K. Equity Markets pp. 145-166

Marinela Adriana Finta, Bart Frijns and Alireza Tourani-Rad