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 22, issue 6, 2018

Complex Mortgages* (Why don’t lenders renegotiate more home mortgages? Redefaults, self-cures, and securitization) pp. 1975-2007

Gene Amromin, Jennifer Huang, Clemens Sialm and Edward Zhong

Uninformative Feedback and Risk Taking: Evidence from Retail Forex Trading* (Two methods of reducing overconfidence) pp. 2009-2036

Itzhak Ben-David, Justin Birru and Viktor Prokopenya

Who Wins When Exchanges Compete?* Evidence from Competition after Euro Conversion (Equity returns and integration: is Europe changing?) pp. 2037-2071

Kathryn L Dewenter, Xi Han and Jennifer Koski

Regional Inflation, Banking Integration, and Dollarization* (On the unstable relationship between exchange rates and macroeconomic fundamentals) pp. 2073-2108

Martin Brown, Ralph De Haas and Vladimir Sokolov

The Credit Card Debt Puzzle and Noncognitive Ability* (Wealth accumulation and the propensity to plan) pp. 2109-2137

Hwan-sik Choi and Ron A Laschever

Volume 22, issue 5, 2018

A Theory of Costly Sequential Bidding* (Strategic jump bidding in English auctions) pp. 1631-1665

Kent D Daniel and David Hirshleifer

Indirect Costs of Financial Distress and Bankruptcy Law: Evidence from Trade Credit and Sales* (Bankruptcy codes and innovations) pp. 1667-1704

Zacharias Sautner and Vladimir Vladimirov

Are Some Clients More Equal Than Others? An Analysis of Asset Management Companies’ Execution Costs* (An analysis of trade-size clustering and its relation to stealth trading) pp. 1705-1736

Azi Ben-Rephael and Ryan D Israelsen

Housing Habits and Their Implications for Life-Cycle Consumption and Investment* (The evolution of homeownership rates in selected OECD countries: demographic and public policy influences) pp. 1737-1762

Holger Kraft, Claus Munk and Sebastian Wagner

Leverage, CEO Risk-Taking Incentives, and Bank Failure during the 2007–10 Financial Crisis* (Endogenous matching and the empirical determinants of contract form) pp. 1763-1805

Patricia Boyallian and Pablo Ruiz-Verdú

Shareholder Conflicts and Dividends* (A theory of dividends based on tax clienteles) pp. 1807-1840

Janis Berzins, Øyvind Bøhren and Bogdan Stacescu

Skewness, Individual Investor Preference, and the Cross-section of Stock Returns (Illiquidity and stock returns: cross-section and time-series effects) pp. 1841-1876

Tse-Chun Lin and Xin Liu

Do FOMC Actions Speak Loudly? Evidence from Corporate Bond Credit Spreads* (Communication and monetary policy) pp. 1877-1909

Siamak Javadi, Ali Nejadmalayeri and Timothy L Krehbiel

Fund Flows, Manager Changes, and Performance Persistence* (Does motivation matter when assessing trade performance? An analysis of mutual funds) pp. 1911-1947

Wolfgang Bessler, David Blake, Peter Lückoff and Ian Tonks

Combination Return Forecasts and Portfolio Allocation with the Cross-Section of Book-to-Market Ratios* (Illiquidity and stock returns: cross-section and time-series effects) pp. 1949-1973

Andrew Detzel and Jack Strauss

Volume 22, issue 4, 2018

Labor Representation in Governance as an Insurance Mechanism pp. 1251-1289

E Han Kim, Ernst Maug and Christoph Schneider

Liquidity Flows in Interbank Networks pp. 1291-1334

Fabio Castiglionesi and Mario Eboli

Do Exposures to Sagging Real Estate, Subprime, or Conduits Abroad Lead to Contraction and Flight to Quality in Bank Lending at Home? pp. 1335-1373

Steven Ongena, Günseli Tümer–Alkan and Natalja von Westernhagen

The Effects of Investment Bank Rankings: Evidence from M&A League Tables pp. 1375-1411

Francois Derrien and Olivier Dessaint

Corporate Bond Trading on a Limit Order Book Exchange pp. 1413-1440

Menachem Abudy and Avi Wohl

Common Factors, Information, and Holdings Dispersion pp. 1441-1467

Patrice Fontaine, Sonia Jimenez-Garcès and Mark S Seasholes

A Measure of Pure Home Bias pp. 1469-1514

Ian A Cooper, Piet Sercu and Rosanne Vanpée

Tournament Incentives and Firm Innovation pp. 1515-1548

Carl Hsin-han Shen and Hao Zhang

Variance-of-Variance Risk Premium pp. 1549-1579

Andreas Kaeck

Does Competition Affect Truth Telling? An Experiment with Rating Agencies pp. 1581-1604

Jean Paul Rabanal and Olga Rud

Media Coverage and Stock Returns on the London Stock Exchange, 1825–70 pp. 1605-1629

John Turner, Qing Ye and Clive Walker

Volume 22, issue 3, 2018

The Cost of Political Connections pp. 849-876

Marianne Bertrand, Francis Kramarz, Antoinette Schoar and David Thesmar

Informational Contagion in the Laboratory pp. 877-904

Marco Cipriani, Antonio Guarino, Giovanni Guazzarotti, Federico Tagliati and Sven Fischer

Does Independent Directors’ CEO Experience Matter? pp. 905-949

Shinwoo Kang, E Han Kim and Yao Lu

Learning to Take Risks? The Effect of Education on Risk-Taking in Financial Markets pp. 951-975

Sandra Black, Paul Devereux, Petter Lundborg and Kaveh Majlesi

Seeing the Unobservable from the Invisible: The Role of CO2 in Measuring Consumption Risk pp. 977-1009

Zhuo Chen and Andrea Lu

Finance, Comparative Advantage, and Resource Allocation pp. 1011-1061

Melise Jaud, Madina Kukenova and Martin Strieborny

Zero-Leverage Puzzle: An International Comparison pp. 1063-1120

Sadok El Ghoul, Omrane Guedhami, Chuck Kwok and Xiaolan Zheng

Do Behavioral Biases Affect Order Aggressiveness? pp. 1121-1151

Jiangze Bian, Kalok Chan, Donghui Shi and Hao Zhou

Option Listing and Information Asymmetry pp. 1153-1194

Jianfeng Hu

The Effect of Prior Investment Outcomes on Future Investment Decisions: Is There a Gender Difference? pp. 1195-1212

Ann Marie Hibbert, Edward R Lawrence and Arun J Prakash

An Empirical Investigation on Funding Liquidity and Market Liquidity pp. 1213-1247

Ji-Yeong Chung, Dong-Hyun Ahn, In-Seok Baek and Kyu Ho Kang

An Empirical Investigation on Funding Liquidity and Market Liquidity pp. 1249-1249

Ji-Yeong Chung, Dong-Hyun Ahn, In-Seok Baek and Kyu Ho Kang

Volume 22, issue 2, 2018

Corporate Credit Risk Premia (Fallen angels and price pressure) pp. 419-454

Antje Berndt, Rohan Douglas, Darrell Duffie and Mark Ferguson

Linear Approximations and Tests of Conditional Pricing Models* (A new approach to international arbitrage pricing) pp. 455-489

Michael W Brandt and David Chapman

A Mechanism for LIBOR* (Optimal selling strategies under uncertainty for a discriminating monopolist when demands are interdependent) pp. 491-520

Brian Coulter, Joel Shapiro and Peter Zimmerman

Dynamic Dependence and Diversification in Corporate Credit* (Asymmetric correlations of equity portfolios) pp. 521-560

Peter Christoffersen, Kris Jacobs, Xisong Jin and Hugues Langlois

What Drives Index Options Exposures?* (Uncertainty and economic activity: evidence from business survey data) pp. 561-593

Timothy Johnson, Mo Liang and Yun Liu

Equilibrium with Monoline and Multiline Structures* (Uncertainty and the welfare economics of medical care) pp. 595-632

Rustam Ibragimov, Dwight Jaffee and Johan Walden

Is There a Distress Risk Anomaly? Pricing of Systematic Default Risk in the Cross-section of Equity Returns* (The risk-adjusted cost of financial distress) pp. 633-660

Deniz Anginer and Celim Yildizhan

Why Did Sponsor Banks Rescue Their SIVs? A Signaling Model of Rescues* (Securitization without risk transfer) pp. 661-697

Anatoli Segura

Wages and Human Capital in Finance: International Evidence, 1970–2011* (Financial reform: what shakes it? What shapes it?) pp. 699-745

Hamid Boustanifar, Everett Grant and Ariell Reshef

Risk-Based Capital Requirements and Optimal Liquidation in a Stress Scenario* (Testing macroprudential stress tests: the risk of regulatory risk weights) pp. 747-782

Yann Braouezec and Lakshithe Wagalath

Trust and Household Debt* (Consumer bankruptcy and default: the role of individual social capital) pp. 783-812

Danling Jiang and Sonya S Lim

Gender Gap in Personal Bankruptcy Risks: Empirical Evidence from Singapore* (Large sample properties of matching estimators for average treatment effects) pp. 813-847

Sumit Agarwal, Jia He, Tien Foo Sing and Jian Zhang

Volume 22, issue 1, 2018

ECB Policies Involving Government Bond Purchases: Impact and Channels* (The “greatest” carry trade ever? Understanding eurozone bank risks) pp. 1-44

Arvind Krishnamurthy, Stefan Nagel and Annette Vissing-Jorgensen

The Capital Structure of Nations* (Welfare analysis of currency regimes with defaultable debts) pp. 45-82

Patrick Bolton and Haizhou Huang

Financial Repression in the European Sovereign Debt Crisis* (Sovereign debt, government myopia and the financial sector) pp. 83-115

Bo Becker and Victoria Ivashina

Financial Disclosure and Market Transparency with Costly Information Processing* (Bargaining with incomplete information) pp. 117-153

Marco Di Maggio and Marco Pagano

Oil Prices and the Stock Market* (The vix, the variance premium and stock market volatility) pp. 155-176

Robert C Ready

Growth Option Exercise and Capital Structure* (Illiquidity and stock returns: cross-section and time series effects) pp. 177-206

Amiyatosh Purnanandam and Uday Rajan

Investor Redemptions and Fund Manager Sales of Emerging Market Bonds: How Are They Related?* (Borrow cheap, buy high? The determinants of leverage and pricing in buyouts) pp. 207-241

Jimmy Shek, Ilhyock Shim and Hyun Song Shin

Financing Asset Sales and Business Cycles* (Does industry-wide distress affect defaulted firms? Evidence from creditor recoveries) pp. 243-277

Marc Arnold, Dirk Hackbarth and Tatjana Xenia Puhan

Emotional State and Market Behavior (Bubbling with excitement: en experiment) pp. 279-309

Adriana Breaban and Charles Noussair

Learning and Leverage Cycles in General Equilibrium: Theory and Evidence* (How sensitive is investment to cash flow when financing is frictionless?) pp. 311-335

Christopher A Hennessy and Boris Radnaev

Risk Premia and Volatilities in a Nonlinear Term Structure Model* (Quadratic term structure models: theory and evidence) pp. 337-380

Peter Feldhütter, Christian Heyerdahl-Larsen and Philipp Illeditsch

Futures Trading and the Excess Co-movement of Commodity Prices* (On the comovement of commodity prices) pp. 381-418

Yannick Le Pen and Benoît Sévi