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 21, issue 6, 2017

Bank Exposures and Sovereign Stress Transmission pp. 2103-2139

Carlo Altavilla, Marco Pagano and Saverio Simonelli

Investor Sentiment, Limited Arbitrage, and the Cash Holding Effect pp. 2141-2168

Xiafei Li and Di Luo

A Simple Skewed Distribution with Asset Pricing Applications pp. 2169-2197

Frans de Roon and Paul Karehnke

Does Foreign Information Predict the Returns of Multinational Firms Worldwide? pp. 2199-2248

Christian Finke and Florian Weigert

The Effect of the Growth in Labor Hours per Worker on Future Stock Returns, Hiring, and Profitability pp. 2249-2276

Li Gu and Dayong Huang

State-Dependent Variations in the Expected Illiquidity Premium pp. 2277-2314

Jeewon Jang, Jangkoo Kang and Changjun Lee

The Impact of Housing Wealth on Stock Liquidity pp. 2315-2352

Juan Luo, Limin Xu and Ralf Zurbruegg

The Information Value of Stock Lending Fees: Are Lenders Price Takers? pp. 2353-2377

Truong X Duong, Zsuzsa R Huszár, Ruth S K Tan and Weina Zhang

Extreme Returns and Herding of Trade Imbalances pp. 2379-2399

Y Peter Chung and S Thomas Kim

Addendum: A Simple Skewed Distribution with Asset Pricing Applications pp. 2401-2401

Frans de Roon and Paul Karehnke

Volume 21, issue 5, 2017

How Important Are Risk-Taking Incentives in Executive Compensation? pp. 1805-1846

Ingolf Dittmann, Ko-Chia Yu and Dan Zhang

Taxable and Tax-Deferred Investing with the Limited Use of Losses pp. 1847-1873

Marcel Fischer and Michael Gallmeyer

Venture Capital and the Market for Talent during Booms and Busts pp. 1875-1899

Chris Yung

Bank Regulation, CEO Compensation, and Boards pp. 1901-1932

Julian Kolm, Christian Laux and Gyöngyi Lóránth

Corporate Cash Holdings and Ambiguity Aversion pp. 1933-1974

Wolfgang Breuer, Marc O. Rieger and K. Can Soypak

Effects of Spot Market Short-Sale Constraints on Index Futures Trading pp. 1975-2005

Frank Fabozzi, Ahmet K. Karagozoglu and Na Wang

Product Market Competition and the Severity of Distressed Asset Sales pp. 2007-2043

Pablo Salgado, Vinicius Carrasco and João Manoel Pinho De Mello

Relative Optimism and the Home Bias Puzzle pp. 2045-2074

Bruno Solnik and Luo Zuo

The Dynamics of Tobin’s Q pp. 2075-2102

Giovanni Puopolo

Volume 21, issue 4, 2017

What Are the Best Liquidity Proxies for Global Research? pp. 1355-1401

Kingsley Y. L. Fong, Craig W. Holden and Charles Trzcinka

Recovery with Unbounded Diffusion Processes pp. 1403-1444

Johan Walden

The Revolving Door for Financial Regulators pp. 1445-1484

Sophie A. Shive and Margaret M. Forster

The Disturbing Interaction between Countercyclical Capital Requirements and Systemic Risk pp. 1485-1511

Balint Horvath and Wolf Wagner

Global Banking: Recent Developments and Insights from Research pp. 1513-1555

Stijn Claessens

The Trend Is Your Friend: Time-Series Momentum Strategies across Equity and Commodity Markets pp. 1557-1592

Athina Georgopoulou and Jiaguo (George) Wang

Financial Development and Patterns of Industrial Specialization: Evidence from China pp. 1593-1638

Qing He, Chang Xue and Chenqi Zhu

Investment Financing and Financial Development: Evidence from Viet Nam pp. 1639-1674

Conor O’Toole and Carol Newman

Cross-Ownership: A Device for Management Entrenchment? pp. 1675-1699

Marc Levy and Ariane Szafarz

Characterizing the Asymmetric Dependence Premium pp. 1701-1737

Jamie Alcock and Anthony Hatherley

Banks’ Exposure to Rollover Risk and the Maturity of Corporate Loans pp. 1739-1765

Teodora Paligorova and Joao Santos

Hedge Fund Replication: A Model Combination Approach pp. 1767-1804

Michael S. O’Doherty, N. E. Savin and Ashish Tiwari

Volume 21, issue 3, 2017

Macro-Finance pp. 945-985

John Cochrane

Bond Variance Risk Premiums pp. 987-1022

Hoyong Choi, Philippe Mueller and Andrea Vedolin

Incidence of Bank Levy and Bank Market Power pp. 1023-1046

Gunther Capelle-Blancard and Olena Havrylchyk

Hole in the Wall: Informed Short Selling Ahead of Private Placements pp. 1047-1091

Henk Berkman, Michael D. McKenzie and Patrick Verwijmeren

Fund Performance and Equity Lending: Why Lend What You Can Sell? pp. 1093-1121

Richard Evans, Miguel Ferreira and Melissa Porras Prado

A Theory of Bank Illiquidity and Default with Hidden Trades pp. 1123-1157

Ettore Panetti

Commodity Markets, Long-Run Predictability, and Intertemporal Pricing pp. 1159-1188

Adrian Fernandez-Perez, Ana-Maria Fuertes and Joelle Miffre

Add-on Pricing in Retail Financial Markets and the Fallacies of Consumer Education pp. 1189-1216

Michael Kosfeld and Ulrich Schüwer

Abusing ETFs pp. 1217-1250

Utpal Bhattacharya, Benjamin Loos, Steffen Meyer and Andreas Hackethal

To What Extent Are Savings–Cash Flow Sensitivities Informative to Test for Capital Market Imperfections? pp. 1251-1285

John Tsoukalas, Serafeim Tsoukas and Alessandra Guariglia

CEO Age and Stock Price Crash Risk pp. 1287-1325

Panayiotis C. Andreou, Christodoulos Louca and Andreas P. Petrou

No Guts, No Glory: An Experiment on Excessive Risk-Taking pp. 1327-1351

Kristoffer W. Eriksen and Ola Kvaløy

Incidence of Bank Levy and Bank Market Power pp. 1353-1353

Gunther Capelle-Blancard and Olena Havrylchyk

Volume 21, issue 2, 2017

Credit Ratings Across Asset Classes: A Long-Term Perspective pp. 465-509

Jess N. Cornaggia, Kimberly J. Cornaggia and John E. Hund

Resolving the Spanning Puzzle in Macro-Finance Term Structure Models pp. 511-553

Michael Bauer and Glenn Rudebusch

Momentum and Reversal: Does What Goes Up Always Come Down? pp. 555-581

Jennifer Conrad and M. Deniz Yavuzm

The Role of Speculative Trade in Market Efficiency: Evidence from a Betting Exchange pp. 583-603

Alasdair Brown and Fuyu Yang

Fooled by Randomness: Investor Perception of Fund Manager Skill pp. 605-635

Justus Heuer, Christoph Merkle and Martin Weber

Do Financial Advisors Provide Tangible Benefits for Investors? Evidence from Tax-Motivated Mutual Fund Flows pp. 637-665

Gjergji Cici, Alexander Kempf and Christoph Sorhage

The Impact of Security Trading on Corporate Restructurings pp. 667-718

Konstantinos Zachariadis and Ioan F. Olaru

Why Do Dealers Buy High and Sell Low? An Analysis of Persistent Crossing in Extremely Segmented Markets pp. 719-760

Vladimir Atanasov, John J. MerrickJr. and Philipp Schuster

News Dissemination and Investor Attention pp. 761-791

Romain Boulland, Francois Degeorge and Edith Ginglinger

Empirical Tests for Stochastic Dominance Optimality pp. 793-810

Thierry Post

Jump and Volatility Dynamics for the S&P 500: Evidence for Infinite-Activity Jumps with Non-Affine Volatility Dynamics from Stock and Option Markets pp. 811-844

Hanxue Yang and Juho Kanniainen

Expectation Errors in European Value-Growth Strategies pp. 845-870

Christian Walkshäusl

The Impact of Financial Advice on Trade Performance and Behavioral Biases pp. 871-910

Daniel Hoechle, Stefan Ruenzi, Nic Schaub and Markus Schmid

Managerial Performance Incentives and Firm Risk during Economic Expansions and Recessions pp. 911-944

Tanseli Savaser and Elif Şişli-Ciamarra

Volume 21, issue 1, 2017

Editorial pp. 1-6

Franklin Allen and Alex Edmans

Corporate Governance and Blockchains pp. 7-31

David Yermack

Relationship Lending in the Interbank Market and the Price of Liquidity pp. 33-75

Falk Bräuning and Falko Fecht

The Role of Equity Funds in the Financial Crisis Propagation pp. 77-108

Harald Hau and Sandy Lai

Where the Risks Lie: A Survey on Systemic Risk pp. 109-152

Sylvain Benoit, Jean-Edouard Colliard, Christophe Hurlin and Christophe Perignon

The Limitations of Stock Market Efficiency: Price Informativeness and CEO Turnover pp. 153-200

Gary B. Gorton, Lixin Huang and Qiang Kang

The Great Cross-Border Bank Deleveraging: Supply Constraints and Intra-Group Frictions pp. 201-236

Eugenio Cerutti and Stijn Claessens

Investing in Disappearing Anomalies pp. 237-267

Christopher S. Jones and Lukasz Pomorski

Reference-Dependent Preferences and the Empirical Pricing Kernel Puzzle pp. 269-298

Maria Grith, Wolfgang Härdle and Volker Krätschmer

Bank Market Power and Firm Performance pp. 299-326

Manthos Delis, Sotirios Kokas and Steven Ongena

Optimal Purchasing of Deferred Income Annuities When Payout Yields are Mean-Reverting pp. 327-361

Huaxiong Huang, Moshe Milevsky and Virginia R. Young

Regime-Dependent Sovereign Risk Pricing During the Euro Crisis pp. 363-385

Anne-Laure Delatte, Julien Fouquau and Richard Portes

A Special Issue of the International Risk Management Conference in Warsaw Poland pp. 387-388

Franklin Allen and Menachem Brenner

Does Financial Stability Matter to the Fed in Setting US Monetary Policy? pp. 389-432

Mikhail Oet and Kalle Lyytinen

Intertemporal Forecasts of Defaulted Bond Recoveries and Portfolio Losses pp. 433-463

Egon A. Kalotay and Edward Altman