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 19, issue 6, 2015

Financial Relationships and the Limits to Arbitrage pp. 2095-2138

Jiro E. Kondo and Dimitris Papanikolaou

Executive Compensation and Risk Taking pp. 2139-2181

Patrick Bolton, Hamid Mehran and Joel Shapiro

Implied Risk Exposures pp. 2183-2222

Sylvain Benoit, Christophe Hurlin and Christophe Perignon

Institutions, Bailout Policies, and Bank Loan Contracting: Evidence from Korean Chaebols pp. 2223-2275

Raoul Minetti and Sung-Guan Yun

Corporate Aging and Takeover Risk pp. 2277-2315

Claudio Loderer and Waelchli Urs

Tug-of-War: Time-Varying Predictability of Stock Returns and Dividend Growth pp. 2317-2358

Xiaoneng Zhu

An Out-of-Sample Evaluation of Dynamic Portfolio Strategies pp. 2359-2399

Chunhua Lan

Volume 19, issue 5, 2015

Convective Risk Flows in Commodity Futures Markets pp. 1733-1781

Ing-Haw Cheng, Andrei Kirilenko and Wei Xiong

Private Equity Fund Returns and Performance Persistence pp. 1783-1823

Robert Marquez, Vikram Nanda and M. Deniz Yavuz

Exporting Sovereign Stress: Evidence from Syndicated Bank Lending during the Euro Area Sovereign Debt Crisis pp. 1825-1866

Alexander Popov and Neeltje Van Horen

Trade Credit, Relationship-specific Investment, and Product Market Power pp. 1867-1923

Nishant Dass, Jayant R. Kale and Vikram Nanda

Stock Market Literacy, Trust, and Participation pp. 1925-1963

Adnan Balloch, Anamaria Nicolae and Dennis Philip

Market Size Structure and Small Business Lending: Are Crisis Times Different from Normal Times? pp. 1965-1995

Allen N. Berger, Geraldo Cerqueiro and María Penas

The Conditional Effects of Market Power on Bank Risk—Cross-Country Evidence pp. 1997-2038

Jens Forssbæck and Choudhry Tanveer Shehzad

Stock Market Integration and the Global Financial Crisis pp. 2039-2094

Heikki Lehkonen

Volume 19, issue 4, 2015

How Much Can Financial Literacy Help? pp. 1347-1382

Luigi Guiso and Eliana Viviano

Performance Pay, CEO Dismissal, and the Dual Role of Takeovers pp. 1383-1414

Mike Burkart and Konrad Raff

The Profits–Leverage Puzzle Revisited pp. 1415-1453

Murray Frank and Vidhan Goyal

The Effect of Earned Versus House Money on Price Bubble Formation in Experimental Asset Markets pp. 1455-1488

Brice Corgnet, Roberto Hernán-González, Praveen Kujal and David Porter

Acquiring Acquirers pp. 1489-1541

Ludovic Phalippou, Fangming Xu and Huainan Zhao

Emerging Equity Market Comovements: Trends and Macroeconomic Fundamentals pp. 1543-1585

Esther Eiling and Bruno Gerard

The Impact of Dark Trading and Visible Fragmentation on Market Quality pp. 1587-1622

Hans Degryse, Frank de Jong and Vincent van Kervel

Improved Portfolio Choice Using Second-Order Stochastic Dominance pp. 1623-1647

James E. Hodder, Jens Carsten Jackwerth and Olga Kolokolova

Short-Term Trading and Stock Return Anomalies: Momentum, Reversal, and Share Issuance pp. 1649-1701

Martijn Cremers and Ankur Pareek

Herding Behavior and Rating Convergence among Credit Rating Agencies: Evidence from the Subprime Crisis pp. 1703-1731

Stefano Lugo, Annalisa Croce and Robert Faff

Volume 19, issue 3, 2015

Funding Versus Real Economy Shock: The Impact of the 2007–09 Crisis on Small Firms’ Credit Availability pp. 951-990

Gunhild Berg and Karolin Kirschenmann

Modeling the Dynamics of Correlations among Implied Volatilities pp. 991-1018

Robert Engle and Stephen Figlewski

Improving Investment Decisions with Simulated Experience Abstract: We apply a new and innovative approach to communicating risks associated with financial products that should support investors in making better investment decisions. In our experiments, participants are able to gain "simulated experience" by random sampling of a previously described return distribution. We find that simulated experience considerably improves participants’ understanding of the underlying risk–return profile and prompts them to reconsider their investment decisions and to choose riskier financial products without regretting their higher risk-taking behavior afterwards. This method of experienced-based learning has high potential for being integrated into real-world applications and services pp. 1019-1052

Meike A. S. Bradbury, Thorsten Hens and Stefan Zeisberger

Learning about Rare Disasters: Implications For Consumption and Asset Prices pp. 1053-1104

Max Gillman, Michal Kejak and Michal Pakoš

Informed Headquarters and Socialistic Internal Capital Markets pp. 1105-1141

Daniel Hoang and Martin Ruckes

The Impact of Weather on German Retail Investors pp. 1143-1183

Jochen M. Schmittmann, Jenny Pirschel, Steffen Meyer and Andreas Hackethal

Bank Risk and Competition: Evidence from Regional Banking Markets pp. 1185-1222

Thomas Kick and Esteban Prieto

Jump-Diffusion Long-Run Risks Models, Variance Risk Premium, and Volatility Dynamics pp. 1223-1279

Jianjian Jin

Credit Markets with Ethical Banks and Motivated Borrowers pp. 1281-1313

Francesca Barigozzi and Piero Tedeschi

Stakeholder Governance, Competition, and Firm Value pp. 1315-1346

Franklin Allen, Elena Carletti and Robert Marquez

Volume 19, issue 2, 2015

Ending "Too Big To Fail": Government Promises Versus Investor Perceptions pp. 491-518

Todd A. Gormley, Simon Johnson and Changyong Rhee

Multiple Bank Lending, Creditor Rights, and Information Sharing pp. 519-570

Alberto Bennardo, Marco Pagano and Salvatore Piccolo

The Effects of Government-Sponsored Venture Capital: International Evidence pp. 571-618

James Brander, Qianqian Du and Thomas Hellmann

Performance Terms in CEO Compensation Contracts pp. 619-651

David De Angelis and Yaniv Grinstein

Small Banks and Local Economic Development pp. 653-683

Hendrik Hakenes, Iftekhar Hasan, Philip Molyneux and Ru Xie

Financial Network Systemic Risk Contributions pp. 685-738

Nikolaus Hautsch, Julia Schaumburg and Melanie Schienle

Household Portfolio Risk pp. 739-783

Alessandro Bucciol and Raffaele Miniaci

Casting Doubt on the Predictability of Stock Returns in Real Time: Bayesian Model Averaging using Realistic Priors pp. 785-821

James A. Turner

Taxation, Transfer Income and Stock Market Participation pp. 823-863

Marcel Fischer and Bjarne Astrup Jensen

Stealth Trading and Trade Reporting by Corporate Insiders pp. 865-905

André Betzer, Jasmin Gider, Daniel Metzger and Erik Theissen

Variance Reduction for Asian Options under a General Model Framework pp. 907-949

Kemal Dinçer Dingeç, Halis Sak and Wolfgang Hörmann

Volume 19, issue 1, 2015

Assessing Measures of Order Flow Toxicity and Early Warning Signals for Market Turbulence pp. 1-54

Torben Andersen and Oleg Bondarenko

China’s Pseudo-monetary Policy pp. 55-93

Yongheng Deng, Randall Morck, Jing Wu and Bernard Yeung

Monetary Policy, Risk-Taking, and Pricing: Evidence from a Quasi-Natural Experiment pp. 95-144

Vasso Ioannidou, Steven Ongena and Jose-Luis Peydro

Systemic Risk in Europe pp. 145-190

Robert Engle, Eric Jondeau and Michael Rockinger

Depositors’ Perception of "Too-Big-to-Fail" pp. 191-227

Raquel de F. Oliveira, Rafael F. Schiozer and Lucas A. B. de C. Barros

Strategic Cross-Trading in the U.S. Stock Market pp. 229-282

Paolo Pasquariello and Clara Vega

Insuring Nonverifiable Losses pp. 283-316

Neil A. Doherty, Christian Laux and Alexander Muermann

Social Engagement and Stock Market Participation pp. 317-366

Frederick K. Changwony, Kevin Campbell and Isaac T. Tabner

Consumption Volatility and the Cross-Section of Stock Returns pp. 367-405

Roméo Tédongap

Recession Prediction Using Yield Curve and Stock Market Liquidity Deviation Measures pp. 407-422

Oral Erdoğan, Paul Bennett and Cenktan Ozyildirim

Equilibrium Predictability, Term Structure of Equity Premia, and Other Return Characteristics pp. 423-466

Satadru Hore

Portfolio Optimization Using Forward-Looking Information pp. 467-490

Alexander Kempf, Olaf Korn and Sven Saßning