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Review of Financial Studies

1988 - 2021

Current editor(s): Maureen O'Hara

From Society for Financial Studies
Oxford University Press, Journals Department, 2001 Evans Road, Cary, NC 27513 USA..
Contact information at EDIRC.

Bibliographic data for series maintained by Oxford University Press () and Christopher F. Baum ().

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Volume 34, issue 10, 2021

Fintech Borrowers: Lax Screening or Cream-Skimming? pp. 4565-4618 Downloads
Marco Di Maggio, Vincent Yao and Itay Goldstein
Home Equity and Labor Income: The Role of Constrained Mobility pp. 4619-4662 Downloads
Radhakrishnan Gopalan, Barton H Hamilton, Ankit Kalda, David Sovich and Holger Mueller
Skilled Labor Mobility and Firm Value: Evidence from Green Card Allocations pp. 4663-4700 Downloads
Mo Shen and David Denis
CEO Noncompete Agreements, Job Risk, and Compensation pp. 4701-4744 Downloads
Omesh Kini, Ryan Williams, Sirui Yin and David Denis
Incentivizing Financial Regulators* pp. 4745-4784 Downloads
Joseph Kalmenovitz and Itay Goldstein
Information Dispersion across Employees and Stock Returns pp. 4785-4831 Downloads
Ashwini Agrawal, Isaac Hacamo, Zhongchen Hu and Wei Jiang
Private Equity Buyouts and Workplace Safety pp. 4832-4875 Downloads
Jonathan Cohn, Nicole Nestoriak, Malcolm Wardlaw and Wei Jiang
International Trade and the Propagation of Merger Waves pp. 4876-4925 Downloads
Muhammad Farooq Ahmad, Eric de Bodt, Jarrad Harford and David Denis
Financing Corporate Growth pp. 4926-4998 Downloads
Murray Z Frank, Ali Sanati and Holger Mueller
Bank Concentration and Product Market Competition pp. 4999-5035 Downloads
Farzad Saidi, Daniel Streitz and Philip Strahan
Bank Lending in the Knowledge Economy pp. 5036-5076 Downloads
Giovanni Dell’Ariccia, Dalida Kadyrzhanova, Camelia Minoiu, Lev Ratnovski and Itay Goldstein
Capital Flows, Real Estate, and Local Cycles:Evidence from German Cities, Banks, and Firms pp. 5077-5134 Downloads
Peter Bednarek, Daniel te Kaat, Chang Ma, Alessandro Rebucci and Philip Strahan

Volume 34, issue 9, 2021

The Economics of the Fed Put pp. 4045-4089 Downloads
Anna Cieslak, Annette Vissing-Jorgensen and Ralph Koijen
Kicking the Can Down the Road: Government Interventions in the European Banking Sector pp. 4090-4131 Downloads
Viral V Acharya, Lea Borchert, Maximilian Jager, Sascha Steffen and Itay Goldstein
Bank Cleanups, Capitalization, and Lending: Evidence from India pp. 4132-4176 Downloads
Yakshup Chopra, Krishnamurthy Subramanian, Prasanna L Tantri and Philip Strahan
Demand Effects in the FX Forward Market: Micro Evidence from Banks’ Dollar Hedging pp. 4177-4215 Downloads
Abbassi Puriya, Falk Bräuning and Philip Strahan
How is Liquidity Priced in Global Markets? pp. 4216-4268 Downloads
Ines Chaieb, Vihang Errunza, Hugues Langlois and Andrew Karolyi
Funding Constraints and Informational Efficiency pp. 4269-4322 Downloads
Sergei Glebkin, Naveen Gondhi, John Chi-Fong Kuong and Itay Goldstein
Learning about the Neighborhood pp. 4323-4372 Downloads
Zhenyu Gao, Michael Sockin, Wei Xiong and Itay Goldstein
Does Collateral Value Affect Asset Prices? Evidence from a Natural Experiment in Texas pp. 4373-4411 Downloads
Albert Alex Zevelev
How Much Information Is Incorporated into Financial Asset Prices? Experimental Evidence pp. 4412-4449 Downloads
Lionel Page, Christoph Siemroth and Itay Goldstein
Experience Does Not Eliminate Bubbles: Experimental Evidence pp. 4450-4485 Downloads
Anita Kopányi-Peuker, Matthias Weber and Lauren Cohen
User Interface and Firsthand Experience in Retail Investing pp. 4486-4523 Downloads
Li Liao, Zhengwei Wang, Jia Xiang, Hongjun Yan, Jun Yang and LaurenCohen
Household Portfolio Underdiversification and Probability Weighting: Evidence from the Field pp. 4524-4563 Downloads
Stephen G Dimmock, Roy Kouwenberg, Olivia Mitchell and Kim Peijnenburg

Volume 34, issue 6, 2021

Risks and Returns of Cryptocurrency pp. 2689-2727 Downloads
Yukun Liu, Aleh Tsyvinski and Itay Goldstein
The PPP View of Multihorizon Currency Risk Premiums pp. 2728-2772 Downloads
Mikhail Chernov, Drew Creal and Ralph Koijen
The Yield Spread and Bond Return Predictability in Expansions and Recessions pp. 2773-2812 Downloads
Martin M Andreasen, Tom Engsted, Stig V Møller, Magnus Sander and Stijn Van Nieuwerburgh
Arbitrage Portfolios pp. 2813-2856 Downloads
Soohun Kim, Robert Korajczyk, Andreas Neuhierl and Wei JiangEditor
Hysteresis in Price Efficiency and the Economics of Slow-Moving Capital pp. 2857-2909 Downloads
James Dow, Jungsuk Han, Francesco Sangiorgi and Stijn Van Nieuwerburgh
Self-Fulfilling Fire Sales: Fragility of Collateralized Short-Term Debt Markets pp. 2910-2948 Downloads
John Chi-Fong Kuong and Itay Goldstein
Collateral Runs pp. 2949-2992 Downloads
Sebastian Infante, Alexandros P Vardoulakis and Itay Goldstein
Mutual Fund Trading Style and Bond Market Fragility pp. 2993-3044 Downloads
Amber Anand, Chotibhak Jotikasthira, Kumar Venkataraman and Itay Goldstein
Marketing Mutual Funds pp. 3045-3094 Downloads
Nikolai Roussanov, Hongxun Ruan, Yanhao Wei and Stijn Van Nieuwerburgh
Political Influence and the Renegotiation of Government Contracts pp. 3095-3137 Downloads
Jonathan Brogaard, Matthew Denes, Ran Duchin and David Denis
Political Cycles in Bank Lending to the Government pp. 3138-3180 Downloads
Michael Koetter, Alexander Popov and Philip Strahan
The Effect of Bank Supervision and Examination on Risk Taking: Evidence from a Natural Experiment pp. 3181-3212 Downloads
John Kandrac, Bernd Schlusche and Philip Strahan

Volume 33, issue 12, 2020

The Deregulation of the Private Equity Markets and the Decline in IPOs pp. 5463-5509 Downloads
Michael Ewens and Joan Farre-Mensa
Information Revealed through the Regulatory Process: Interactions between the SEC and Companies ahead of Their IPO pp. 5510-5554 Downloads
Michelle Lowry, Roni Michaely, Ekaterina Volkova and Francesca Cornelli
The Role of Government in Firm Outcomes pp. 5555-5593 Downloads
Ran Duchin, Zhenyu Gao, Haibing Shu and David Denis
Rules versus Discretion in Bank Resolution pp. 5594-5629 Downloads
Ansgar Walther, Lucy White and Itay Goldstein
Overcoming Discount Window Stigma: An Experimental Investigation pp. 5630-5659 Downloads
Olivier Armantier, Charles Holt and Itay Goldstein
Pipeline Risk in Leveraged Loan Syndication pp. 5660-5705 Downloads
Max Bruche, Frederic Malherbe and Ralf R Meisenzahl
Credit and Punishment: Are Corporate Bankers Disciplined for Risk-Taking? pp. 5706-5749 Downloads
Janet Gao, Kristoph Kleiner, Joseph Pacelli and Itay Goldstein
Communication within Banking Organizations and Small Business Lending pp. 5750-5783 Downloads
Ross Levine, Chen Lin, Qilin Peng and Wensi Xie
Creditor Rights, Technology Adoption, and Productivity: Plant-Level Evidence pp. 5784-5820 Downloads
Nuri Ersahin and Philip Strahan
The Collateralizability Premium pp. 5821-5855 Downloads
Hengjie Ai, Jun E Li, Kai Li, Christian Schlag and Stijn Van Nieuwerburgh
Production Networks and Stock Returns: The Role of Vertical Creative Destruction pp. 5856-5905 Downloads
Michael Gofman, Gill Segal, Youchang Wu and Stijn Van Nieuwerburgh
Competition, Markups, and Predictable Returns pp. 5906-5939 Downloads
Alexandre Corhay, Howard Kung, Lukas Schmid and Stijn Van Nieuwerburgh

Volume 33, issue 10, 2020

Deadlock on the Board pp. 4445-4488 Downloads
Jason Roderick Donaldson, Nadya Malenko, Giorgia Piacentino and Itay Goldstein
Monitoring the Monitor: Distracted Institutional Investors and Board Governance pp. 4489-4531 Downloads
Claire Liu, Angie Low, Ronald Masulis, Le Zhang and Wei Jiang
Public Oversight and Reporting Credibility: Evidence from the PCAOB Audit Inspection Regime pp. 4532-4579 Downloads
Brandon Gipper, Christian Leuz and Mark Maffett
Expectations Management and Stock Returns pp. 4580-4626 Downloads
Travis L Johnson, Jinhwan Kim, Eric C So and Lauren Cohen
Institutional Trading around Corporate News: Evidence from Textual Analysis pp. 4627-4675 Downloads
Alan Guoming Huang, Hongping Tan, Russell Wermers and Wei Jiang
Advertising, Attention, and Financial Markets pp. 4676-4720 Downloads
Florens Focke, Stefan Ruenzi and Michael Ungeheuer
Geographic Lead-Lag Effects pp. 4721-4770 Downloads
Christopher A Parsons, Riccardo Sabbatucci and Sheridan Titman
Home Bias and Local Contagion: Evidence from Funds of Hedge Funds pp. 4771-4810 Downloads
Clemens Sialm, Zheng Sun and Lu Zheng
Bank Geographic Diversification and Systemic Risk pp. 4811-4838 Downloads
Yongqiang Chu, Saiying Deng, Cong Xia and Philip Strahan
Shock Transmission Through Cross-Border Bank Lending: Credit and Real Effects pp. 4839-4882 Downloads
Galina Hale, Tümer Kapan, Camelia Minoiu and Philip Strahan
Mutual Funding pp. 4883-4915 Downloads
Javier Gil-Bazo, Peter Hoffmann and Sergio Mayordomo
Industry Structure and the Strategic Provision of Trade Credit by Upstream Firms pp. 4916-4972 Downloads
Alfred Lehar, Victor Y Song, Lasheng Yuan and Itay Goldstein

Volume 33, issue 9, 2020

Initial Coin Offerings: Financing Growth with Cryptocurrency Token Sales pp. 3925-3974 Downloads
Sabrina T Howell, Marina Niessner, David Yermack and Jiang Wei
Financing Efficiency of Securities-Based Crowdfunding pp. 3975-4023 Downloads
David C Brown, Shaun William Davies and Itay Goldstein
When Investor Incentives and Consumer Interests Diverge: Private Equity in Higher Education pp. 4024-4060 Downloads
Charlie Eaton, Sabrina T Howell, Constantine Yannelis and Francesca Cornelli
Destructive Creation at Work: How Financial Distress Spurs Entrepreneurship pp. 4061-4101 Downloads
Tania Babina
Why Do Firms Hold Cash? Evidence from Demographic Demand Shifts pp. 4102-4138 Downloads
Igor Cunha, Joshua Pollet and David Denis
Dividend Payouts and Rollover Crises pp. 4139-4185 Downloads
Ragnar E Juelsrud, Plamen T Nenov and Itay Goldstein
Countercyclical Bank Equity Issuance pp. 4186-4230 Downloads
Matthew Baron and Itay Goldstein
Equity Is Cheap for Large Financial Institutions pp. 4231-4271 Downloads
Priyank Gandhi, Hanno Lustig and Alberto Plazzi
Asset Price Bubbles and Systemic Risk pp. 4272-4317 Downloads
Markus Brunnermeier, Simon Rother, Isabel Schnabel and Itay Goldstein
Beta Risk in the Cross-Section of Equities pp. 4318-4366 Downloads
Ali Boloorforoosh, Peter Christoffersen, Mathieu Fournier, Christian Gouriéroux and Stijn Van Nieuwerburgh
Financial Constraints, Monetary Policy Shocks, and the Cross-Section of Equity Returns pp. 4367-4402 Downloads
Sudheer Chava, Alex Hsu and Robin Greenwood
Testing for Multiple-Horizon Predictability: Direct Regression Based versus Implication Based pp. 4403-4443 Downloads
Ke-Li Xu and Lauren Cohen

Volume 33, issue 7, 2020

On the Rise of FinTechs: Credit Scoring Using Digital Footprints pp. 2845-2897 Downloads
Tobias Berg, Valentin Burg, Ana Gombović and Manju Puri
Asymmetric or Incomplete Information about Asset Values? pp. 2898-2936 Downloads
Crocker H Liu, Adam D Nowak, Patrick S Smith and Stijn Van Nieuwerburgh
Innovation Activities and Integration through Vertical Acquisitions pp. 2937-2976 Downloads
Laurent Frésard, Gerard Hoberg, Gordon Phillips and Francesca Cornelli
The Cultural Origin of CEOs’ Attitudes toward Uncertainty: Evidence from Corporate Acquisitions pp. 2977-3030 Downloads
Yihui Pan, Stephan Siegel and Tracy Yue Wang
Politics, State Ownership, and Corporate Investments pp. 3031-3087 Downloads
Shashwat Alok and Meghana Ayyagari
Political Investment Cycles of State-Owned Enterprises pp. 3088-3129 Downloads
Qingyuan Li, Chen Lin and Li Xu
Shareholder Governance and CEO Compensation: The Peer Effects of Say on Pay pp. 3130-3173 Downloads
Diane K Denis, Torsten Jochem, Anjana Rajamani and Wei Jiang
Symmetry in Pay for Luck pp. 3174-3204 Downloads
Naveen D Daniel, Yuanzhi Li, Lalitha Naveen and Francesca Cornelli
Why Does an IPO Affect Rival Firms? pp. 3205-3249 Downloads
Matthew Spiegel and Heather Tookes
Real Option Exercise: Empirical Evidence pp. 3250-3306 Downloads
Paul H Décaire, Erik P Gilje, Jérôme P Taillard and Stijn Van Nieuwerburgh
The Value of Green Energy: Optimal Investment in Mutually Exclusive Projects and Operating Leverage pp. 3307-3347 Downloads
Jerome Detemple, Yerkin Kitapbayev and Philip Strahan
Peer Financial Distress and Individual Leverage pp. 3348-3390 Downloads
Ankit Kalda and Lauren Cohen

Volume 33, issue 5, 2020

New Methods for the Cross-Section of Returns pp. 1879-1890 Downloads
Stijn Van Nieuwerburgh
Comparing Cross-Section and Time-Series Factor Models pp. 1891-1926 Downloads
Eugene F Fama and Kenneth R French
The Cross-Section of Risk and Returns pp. 1927-1979 Downloads
Kent Daniel, Lira Mota, Simon Rottke and Tano Santos
Factor Timing pp. 1980-2018 Downloads
Valentin Haddad, Serhiy Kozak, Shrihari Santosh and Stijn Van Nieuwerburgh
Replicating Anomalies pp. 2019-2133 Downloads
Kewei Hou, Chen Xue and Lu Zhang
Anomalies and False Rejections pp. 2134-2179 Downloads
Tarun Chordia, Amit Goyal and Alessio Saretto
A Transaction-Cost Perspective on the Multitude of Firm Characteristics pp. 2180-2222 Downloads
Victor DeMiguel, Alberto Martín-Utrera, Francisco J Nogales and Raman Uppal
Empirical Asset Pricing via Machine Learning pp. 2223-2273 Downloads
Shihao Gu, Bryan Kelly and Dacheng Xiu
Factors That Fit the Time Series and Cross-Section of Stock Returns pp. 2274-2325 Downloads
Martin Lettau, Markus Pelger and Stijn Van Nieuwerburgh
Dissecting Characteristics Nonparametrically pp. 2326-2377 Downloads
Joachim Freyberger, Andreas Neuhierl and Michael Weber

Volume 33, issue 3, 2020

Climate Finance pp. 1011-1023 Downloads
Harrison Hong and José A Scheinkman
Pricing Uncertainty Induced by Climate Change pp. 1024-1066 Downloads
Michael Barnett, William Brock, Lars Hansen and Harrison Hong
The Importance of Climate Risks for Institutional Investors pp. 1067-1111 Downloads
Philipp Krueger, Zacharias Sautner and Laura T Starks
Attention to Global Warming pp. 1112-1145 Downloads
Darwin Choi, Zhenyu Gao and Wenxi Jiang
Do Fund Managers Misestimate Climatic Disaster Risk pp. 1146-1183 Downloads
Shashwat Alok, Nitin Kumar, Russell Wermers and Harrison Hong
Hedging Climate Change News pp. 1184-1216 Downloads
Robert Engle, Stefano Giglio, Bryan Kelly, Heebum Lee and Johannes Stroebel
Is the Risk of Sea Level Rise Capitalized in Residential Real Estate? pp. 1217-1255 Downloads
Justin Murfin, Matthew Spiegel and Jose Scheinkman
Does Climate Change Affect Real Estate Prices? Only If You Believe In It pp. 1256-1295 Downloads
Markus Baldauf, Lorenzo Garlappi, Constantine Yannelis and José Scheinkman
Corporate Governance and Pollution Externalities of Public and Private Firms pp. 1296-1330 Downloads
Sophie A Shive, Margaret M Forster and Jose Scheinkman
Temperature Shocks and Establishment Sales pp. 1331-1366 Downloads
Jawad M Addoum, David T Ng, Ariel Ortiz-Bobea and Harrison Hong

Volume 33, issue 2, 2020

Financial Frictions and the Great Productivity Slowdown pp. 475-503 Downloads
Romain Duval, Gee Hee Hong, Yannick Timmer and Philip Strahan
Banks’ Balance Sheets and Liquidation Values: Evidence from Real Estate Collateral pp. 504-535 Downloads
Rodney Ramcharan
The Limits of Lending? Banks and Technology Adoption across Russia pp. 536-609 Downloads
Çağatay Bircan and Ralph De Haas
Government as Customer of Last Resort: The Stabilizing Effects of Government Purchases on Firms pp. 610-643 Downloads
Jim Goldman and Philip Strahan
Employment Protection, Investment, and Firm Growth pp. 644-688 Downloads
John (Jianqiu) Bai, Douglas Fairhurst, Matthew Serfling and David Denis
Flights to Safety pp. 689-746 Downloads
Lieven Baele, Geert Bekaert, Koen Inghelbrecht and Min Wei
Resiliency and Stock Returns pp. 747-782 Downloads
Jian Hua, Lin Peng, Robert A Schwartz and Nazli Sila Alan
Career Risk and Market Discipline in Asset Management pp. 783-828 Downloads
Andrew Ellul, Marco Pagano, Annalisa Scognamiglio and Wei Jiang
Dynamic Asset Sales with a Feedback Effect pp. 829-865 Downloads
Sivan Frenkel and Itay Goldstein
Over-the-Counter versus Limit-Order Markets: The Role of Traders’ Expertise pp. 866-915 Downloads
Vincent Glode and Christian Opp
Financial Illiteracy and Pension Contributions: A Field Experiment on Compound Interest in China pp. 916-949 Downloads
Changcheng Song and Stijn Van Nieuwerburgh
Financial Literacy Externalities pp. 950-989 Downloads
Michael Haliassos, Thomas Jansson, Yigitcan Karabulut and Lauren Cohen
Annual Report of the Society for Financial Studies for 2018–2019 pp. 990-1008 Downloads
Andrew Ellul, Itay Goldstein, Craig Holden, Ronald Masulis, Jeffrey Pontiff and Antoinette Schoar

Volume 33, issue 1, 2020

On the Effects of Restricting Short-Term Investment pp. 1-43 Downloads
Nicolas Crouzet, Ian Dew-Becker and Charles G Nathanson
Liquidity Provision Contracts and Market Quality: Evidence from the New York Stock Exchange pp. 44-74 Downloads
Hendrik Bessembinder, Jia Hao and Kuncheng Zheng
Dash for Cash: Monthly Market Impact of Institutional Liquidity Needs pp. 75-111 Downloads
Erkko Etula, Kalle Rinne, Matti Suominen and Lauri Vaittinen
Cross-Listings and the Dynamics between Credit and Equity Returns pp. 112-154 Downloads
Patrick Augustin, Feng Jiao, Sergei Sarkissian and Michael J Schill
Idiosyncratic Jump Risk Matters: Evidence from Equity Returns and Options pp. 155-211 Downloads
Jean-François Bégin, Christian Dorion and Geneviève Gauthier
Negative Swap Spreads and Limited Arbitrage pp. 212-238 Downloads
Urban Jermann
On the Asset Market View of Exchange Rates pp. 239-260 Downloads
A Craig Burnside and Jeremy J Graveline
Priority Spreading of Corporate Debt pp. 261-308 Downloads
Dominique C Badoer, Evan Dudley and Christopher M James
Investment Timing and Incentive Costs pp. 309-357 Downloads
Sebastian Gryglewicz and Barney Hartman-Glaser
The Life Cycle of Corporate Venture Capital pp. 358-394 Downloads
Song Ma
Socioeconomic Status and Macroeconomic Expectations pp. 395-432 Downloads
Sreyoshi Das, Camelia Kuhnen and Stefan Nagel
Peers’ Income and Financial Distress: Evidence from Lottery Winners and Neighboring Bankruptcies pp. 433-472 Downloads
Sumit Agarwal, Vyacheslav Mikhed and Barry Scholnick
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