Review of Finance

1997 - 2025

Continuation of Review of Finance.

Current editor(s): Marcin Kacperczyk

From European Finance Association
Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().

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Volume 29, issue 2, 2025

What drives commodity price variation? pp. 315-347

Meng Han, Lammertjan Dam and Walter Pohl

Corporate governance, meritocracy, and careers pp. 349-379

Marco Pagano and Luca Picariello

Supervisory cooperation and regulatory arbitrage pp. 381-413

Thorsten Beck, Consuelo Silva-Buston and Wolf Wagner

Bank regulation, investment, and capital requirements under adverse selection pp. 415-465

Thomas J Rivera

A good sketch is better than a long speech: evaluate delinquency risk through real-time video analysis pp. 467-500

Xiangyu Chang, Lili Dai, Lingbing Feng, Jianlei Han, Jing Shi and Bohui Zhang

Saving externality: when depositing too much breaks the bank pp. 501-530

Agnese Leonello, Caterina Mendicino, Ettore Panetti and Davide Porcellacchia

How do corporate tax hikes affect investment allocation within multinationals? pp. 531-565

Antonio De Vito, Martin Jacob, Dirk Schindler and Guosong Xu

Do salient climatic risks affect shareholder voting? pp. 567-602

Eliezer M Fich and Guosong Xu

Blockbuster or bust? Silver screen effect and stock returns pp. 603-632

Sanghyun Hong and Xiaopeng Wei

Volume 29, issue 1, 2025

Liquidity and the strategic value of information pp. 1-32

Ohad Kadan and Asaf Manela

Securities financing and asset markets: new evidence pp. 33-73

Tomas Breach and Thomas B King

Trust and delegated investing: a Money Doctors experiment pp. 75-102

Maximilian Germann, Lukas Mertes, Martin Weber and Benjamin Loos

Tradable Risk Factors for Institutional and Retail Investors pp. 103-139

Andreas Johansson, Riccardo Sabbatucci and Andrea Tamoni

Margin constraints and asset prices pp. 141-168

Jungkyu Ahn

Credit ratings: strategic issuer disclosure and optimal screening pp. 169-199

Jonathan B Cohn, Uday Rajan and Günter Strobl

Large orders in small markets: execution with endogenous liquidity supply pp. 201-239

Agostino Capponi, Albert J. Menkveld and Hongzhong Zhang

Empirical determinants of momentum: a perspective using international data pp. 241-273

Amit Goyal, Narasimhan Jegadeesh and Avanidhar Subrahmanyam

It’s not (only) personal, it’s business: personal bankruptcy exemptions and business credit pp. 275-313

Rebel A Cole, Jason Damm, John Hackney and Masim Suleymanov

Volume 28, issue 6, 2024

Optimal investment and equilibrium pricing under ambiguity pp. 1759-1805

Michail Anthropelos and Paul Schneider

Cross-sectional expected returns: new Fama–MacBeth regressions in the era of machine learning pp. 1807-1831

Yufeng Han, Ai He, David E Rapach and Guofu Zhou

The power of the people: labor unions and corporate social responsibility pp. 1833-1879

Amanda Heitz, Youan Wang and Zigan Wang

Move a little closer? Information sharing and the spatial clustering of bank branches pp. 1881-1918

Shusen Qi, Ralph De Haas, Steven Ongena, Stefan Straetmans and Tamas Vadasz

Local IPOs and household stock market participation pp. 1919-1952

Feng Jiang, Michelle Lowry and Yiming Qian

Circuit breakers and market runs pp. 1953-1989

Dion Bongaerts, Sarah D De Luca and Mark Van Achter

Is news really news? The effects of selective disclosure regulations pp. 1991-2015

Brent Kitchens, Robert Parham and Chris Yung

On the valuation skills of corporate bond mutual funds pp. 2017-2049

Gjergji Cici and Pei (Alex) Zhang

Debt and taxes: the role of corporate group structure pp. 2051-2082

Peter Brok

Cash is king? Understanding financing risk in housing markets pp. 2083-2118

Lu Han and Seung-Hyun Hong

Volume 28, issue 5, 2024

The labor effects of R&D tax incentives: evidence from VC-backed startups pp. 1451-1482

Jun Chen and Shenje Hshieh

Do private firms (mis)learn from the stock market? pp. 1483-1511

Dong Yan

Contracting when enforcement is weak: evidence from an audit study pp. 1513-1536

Rajkamal Iyer and Antoinette Schoar

Strategic borrowing from passive investors pp. 1537-1573

Darius Palia and Stanislav Sokolinski

Mutual funds’ strategic voting on environmental and social issues pp. 1575-1610

Roni Michaely, Guillem Ordonez-Calafi and Silvina Rubio

Hedge funds and the positive idiosyncratic volatility effect pp. 1611-1661

Turan G. Bali and Florian Weigert

Attribute misreporting and appraisal bias pp. 1663-1686

Michael D Eriksen, Chun Kuang and Wenyu Zhu

Does express delivery run ahead of stock price? pp. 1687-1724

Jeffery (Jinfan) Chang, Shijie Yang and Bohui Zhang

Market accessibility, bond ETFs, and liquidity pp. 1725-1758

Craig W Holden and Jayoung Nam

Volume 28, issue 4, 2024

Do investors care about biodiversity? pp. 1151-1186

Alexandre Garel, Arthur Romec, Zacharias Sautner and Alexander F Wagner

Complementarity of sovereign and corporate debt issuance: mind the gap pp. 1187-1213

Bruce D Grundy, Sjoerd van Bekkum and Patrick Verwijmeren

Humans in charge of trading robots: the first experiment pp. 1215-1244

Elena Asparouhova, Peter Bossaerts, Xiaoqin Cai, Kristian Rotaru, Nitin Yadav and Wenhao Yang

Initial public offerings and the local economy: evidence of crowding out pp. 1245-1273

Jess Cornaggia, Matthew Gustaf, Jason Kotter and Kevin Pisciotta

Do sell-side analysts say “buy” while whispering “sell”? pp. 1275-1310

David Hirshleifer, Yushui Shi and Weili Wu

No experience necessary: the peer effects of intended entrepreneurs pp. 1311-1344

Isaac Hacamo and Kristoph Kleiner

Building trust takes time: limits to arbitrage for blockchain-based assets pp. 1345-1381

Nikolaus Hautsch, Christoph Scheu and Stefan Voigt

Female innovative entrepreneurship and maternity risk pp. 1383-1418

Fabrizio Core

Pricing protest: the response of financial markets to social unrest pp. 1419-1450

Philip Barrett, Mariia Bondar, Sophia Chen, Mali Chivakul and Deniz Igan

Volume 28, issue 3, 2024

Leveraged speculators and asset prices† pp. 769-804

Wenxi Jiang

Yield curve momentum pp. 805-830

Markus Sihvonen

When passive funds affect prices: evidence from volatility and commodity ETFs pp. 831-863

Karamfil Todorov

Common ownership and creative destruction: evidence from US consumers pp. 865-896

Hadiye Aslan

Common risk factors in cross-sectional FX options returns pp. 897-944

Xuanchen Zhang, Raymond H Y So and Tarik Driouchi

Credit risk, debt overhang, and the life cycle of callable bonds pp. 945-985

Bo Becker, Murillo Campello, Viktor Thell and Dong Yan

External financing, technological changes, and employees* pp. 985-1025

E Han Kim, Yuan Li, Yao Lu and Xinzheng Shi

Green links: corporate networks and environmental performance pp. 1027-1058

Hossein Asgharian, Michał Dzieliński, Zahra Hashemzadeh and Lu Liu

The saliency of the CEO pay ratio pp. 1059-1104

Audra Boone, Austin Starkweather and Joshua White

Fresh air eases work—the effect of air quality on individual investor activity pp. 1105-1149

Steffen Meyer and Michaela Pagel

Volume 28, issue 2, 2024

Why momentum concentrates among overvalued stocks? pp. 389-412

Jack Favilukis and Terry Zhang

Securities law precedents, legal liability, and financial reporting quality pp. 413-445

Benedikt Franke, Allen H Huang, Reeyarn Z Li and Hui Wang

Measuring Climate Transition Risk Spillovers pp. 447-481

Runfeng Yang, Massimiliano Caporin and Juan Jimenez-Martin

ESG shareholder engagement and downside risk pp. 483-510

Andreas G F Hoepner, Ioannis Oikonomou, Zacharias Sautner, Laura T Starks and Xiao Y Zhou

Asset Complexity and the Return Gap* pp. 511-550

Pengjie Gao, Allen Hu, Peter Kelly, Cameron Peng and Ning Zhu

Big broad banks: how does cross-selling affect lending? pp. 551-592

Yingjie Qi

Property rights, political connections, and corporate investment pp. 593-619

Meng Miao, Dragon Yongjun Tang, Lixin Xu and Xiao Yan

Firm financing through insider stock pledges pp. 621-659

Xiaofei Pan and Meijun Qian

The term structure of equity yields—a bottom-up approach pp. 661-697

David Schröder

Stock repurchasing bias of mutual funds pp. 699-728

Mengqiao Du, Alexandra Niessen-Ruenzi and Terrance Odean

The start matters: time-varying investor demand, hedge fund inceptions, and performance pp. 729-768

Lin Sun, Zheng Sun and Lu Zheng

Volume 28, issue 1, 2024

Do Anomalies Really Predict Market Returns? New Data and New Evidence pp. 1-44

Nusret Cakici, Christian Fieberg, Daniel Metko and Adam Zaremba

Low Carbon Mutual Funds* pp. 45-74

Marco Ceccarelli, Stefano Ramelli and Alexander Wagner

Are Carbon Emissions Associated with Stock Returns?* pp. 75-106

Jitendra Aswani, Aneesh Raghunandan and Shiva Rajgopal

Are Carbon Emissions Associated with Stock Returns? Comment pp. 107-109

Patrick Bolton and Marcin Kacperczyk

Are Carbon Emissions Associated with Stock Returns?—Reply* pp. 111-115

Jitendra Aswani, Aneesh Raghunandan and Shiva Rajgopal

Impact of Corporate Subsidies on Borrowing Costs of Local Governments: Evidence from Municipal Bonds* pp. 117-161

Sudheer Chava, Baridhi Malakar and Manpreet Singh

Asymmetric Information and Corporate Lending: Evidence from SME Bond Markets* pp. 163-201

Alessandra Iannamorelli, Stefano Nobili, Antonio Scalia and Luana Zaccaria

Regulatory Sandboxes and Fintech Funding: Evidence from the UK* pp. 203-233

Giulio Cornelli, Sebastian Doerr, Leonardo Gambacorta and Ouarda Merrouche

Optimal Capital Structure and Risk Management Policies of Banks That Use CoCo Futures to Hedge Financial-Sector Risk* pp. 235-270

Robert S Goldstein and Fan Yang

Do Insiders Hire CEOs with High Managerial Talent?* pp. 271-310

Jason Kotter and Yelena Larkin

Inefficient Regulation: Mortgages versus Total Credit* pp. 311-351

Artashes Karapetyan, Jens Soerlie Kvaerner and Maximilian Rohrer

Do Banks Worry about Attentive Depositors? Evidence from Multiple-Brand Banks* pp. 353-388

Matthieu Chavaz and Pablo Slutzky