The Review of Financial Studies

1988 - 2025

Current editor(s): Itay Goldstein

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 ().

Access Statistics for this journal.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

Volume 24, issue 12, 2011

What Segments Equity Markets? pp. 3841-3890

Geert Bekaert, Campbell R. Harvey, Christian Lundblad and Stephan Siegel

Global versus Local Asset Pricing: A New Test of Market Integration pp. 3891-3940

Harald Hau

How Important Is the Financial Media in Global Markets? pp. 3941-3992

John M. Griffin, Nicholas H. Hirschey and Patrick Kelly

Real Options Signaling Games with Applications to Corporate Finance pp. 3993-4036

Steven R. Grenadier and Andrey Malenko

How Does Venture Capital Financing Improve Efficiency in Private Firms? A Look Beneath the Surface pp. 4037-4090

Thomas Chemmanur, Karthik Krishnan and Debarshi Nandy

The Costs of Being Private: Evidence from the Loan Market pp. 4091-4122

Anthony Saunders and Sascha Steffen

Bond Ladders and Optimal Portfolios pp. 4123-4166

Kenneth Judd, Felix Kubler and Karl Schmedders

Volume 24, issue 11, 2011

Self-fulfilling Credit Market Freezes pp. 3519-3555

Lucian A. Bebchuk and Itay Goldstein

Family Business Groups around the World: Financing Advantages, Control Motivations, and Organizational Choices pp. 3556-3600

Ronald Masulis, Peter Kien Pham and Jason Zein

Large Shareholder Diversification and Corporate Risk-Taking pp. 3601-3641

Mara Faccio, Maria-Teresa Marchica and Roberto Mura

Conglomerates and Industry Distress pp. 3642-3687

Radhakrishnan Gopalan and Kangzhen Xie

What Does Equity Sector Orderflow Tell Us About the Economy? pp. 3688-3730

Alessandro Beber, Michael W. Brandt and Kenneth A. Kavajecz

Common Risk Factors in Currency Markets pp. 3731-3777

Hanno Lustig, Nikolai Roussanov and Adrien Verdelhan

A Model of Portfolio Delegation and Strategic Trading pp. 3778-3812

Albert S. Kyle, Hui Ou-Yang and Bin Wei

Investor Reactions to CEOs' Inside Debt Incentives pp. 3813-3840

Chenyang Wei and David Yermack

Volume 24, issue 10, 2011

Determinants of Dividend Smoothing: Empirical Evidence pp. 3197-3249

Mark T. Leary and Roni Michaely

The Bear's Lair: Index Credit Default Swaps and the Subprime Mortgage Crisis pp. 3250-3280

Richard Stanton and Nancy Wallace

Do Hedge Funds Manage Their Reported Returns? pp. 3281-3320

Vikas Agarwal, Naveen D. Daniel and Narayan Y. Naik

The Economics of Super Managers pp. 3321-3368

Nina Baranchuk, Glenn MacDonald and Jun Yang

A Theory of Debt Market Illiquidity and Leverage Cyclicality pp. 3369-3400

Christopher A. Hennessy and Josef Zechner

Optimal Property Rights in Financial Contracting pp. 3401-3433

Kenneth Ayotte and Patrick Bolton

Managerial Autonomy, Allocation of Control Rights, and Optimal Capital Structure pp. 3434-3485

Arnoud Boot and Anjan Thakor

Former CEO Directors: Lingering CEOs or Valuable Resources? pp. 3486-3518

Ruediger Fahlenbrach, Bernadette A. Minton and Carrie H. Pan

Volume 24, issue 9, 2011

Tractability in Incentive Contracting pp. 2865-2894

Alex Edmans and Xavier Gabaix

Information in (and not in) the Term Structure pp. 2895-2934

Greg Duffee

Dividend Policies in an Unregulated Market: The London Stock Exchange, 1895--1905 pp. 2935-2973

Fabio Braggion and Lyndon Moore

Financial Constraints, R&D Investment, and Stock Returns pp. 2974-3007

Dongmei Li

The Good or the Bad? Which Mutual Fund Managers Join Hedge Funds? pp. 3008-3024

Prachi Deuskar

Learning from Prices and the Dispersion in Beliefs pp. 3025-3068

Snehal Banerjee

Information Sales and Strategic Trading pp. 3069-3104

Diego García and Francesco Sangiorgi

Can VCs Time the Market? An Analysis of Exit Choice for Venture-backed Firms pp. 3105-3138

Eric Ball, Hsin Hui Chiu and Richard Smith

Recourse and Residential Mortgage Default: Evidence from US States 1 pp. 3139-3186

Andra Ghent and Marianna Kudlyak

Erratum pp. 3187-3195

Joel Peress

Volume 24, issue 8, 2011

What Factors Drive Global Stock Returns? pp. 2527-2574

Kewei Hou, G. Karolyi and Bong-Chan Kho

Risk Shifting and Mutual Fund Performance pp. 2575-2616

Jennifer Huang, Clemens Sialm and Hanjiang Zhang

Credit Default Swaps and the Empty Creditor Problem pp. 2617-2655

Patrick Bolton and Martin Oehmke

Bank Liquidity, Interbank Markets, and Monetary Policy pp. 2656-2692

Xavier Freixas, Antoine Martin and David Skeie

Does Government Ownership Affect the Cost of Debt? Evidence from Privatization pp. 2693-2737

Ginka Borisova and William L. Megginson

Learning and Asset-price Jumps pp. 2738-2780

Ravi Bansal and Ivan Shaliastovich

Growing Out of Trouble? Corporate Responses to Liability Risk pp. 2781-2821

Todd A. Gormley and David A. Matsa

The Effect of Risk on the CEO Market pp. 2822-2863

Alex Edmans and Xavier Gabaix

Volume 24, issue 7, 2011

Mergers, Spinoffs, and Employee Incentives pp. 2207-2241

Paolo Fulghieri and Merih Sevilir

Anticipation, Acquisitions, and Bidder Returns: Industry Shocks and the Transfer of Information across Rivals pp. 2242-2285

Jie Cai, Moon H. Song and Ralph A. Walkling

Do Investment Banks Matter for M&A Returns? pp. 2286-2315

Jack Bao and Alex Edmans

Implications of Data Screens on Merger and Acquisition Analysis: A Large Sample Study of Mergers and Acquisitions from 1992 to 2009 pp. 2316-2357

Jeffry Netter, Mike Stegemoller and M. Babajide Wintoki

Corporate Governance Propagation through Overlapping Directors pp. 2358-2394

Christa Bouwman

Governance Through Trading and Intervention: A Theory of Multiple Blockholders pp. 2395-2428

Alex Edmans and Gustavo Manso

Short Arbitrage, Return Asymmetry, and the Accrual Anomaly pp. 2429-2461

David Hirshleifer, Siew Hong Teoh and Jeff Yu

The Private Equity Advantage: Leveraged Buyout Firms and Relationship Banking pp. 2462-2498

Victoria Ivashina and Anna Kovner

Privatization and Risk Sharing: Evidence from the Split Share Structure Reform in China pp. 2499-2525

Kai Li, Tan Wang, Yan-Leung Cheung and Ping Jiang

Volume 24, issue 6, 2011

The Academic Analysis of the 2008 Financial Crisis: Round 1 pp. 1773-1781

Matthew Spiegel

The Influence of the Home Owners' Loan Corporation on Housing Markets During the 1930s pp. 1782-1813

Price Fishback, Alfonso Flores-Lagunes, William C. Horrace, Shawn Kantor and Jaret Treber

Securitization and Mortgage Renegotiation: Evidence from the Great Depression pp. 1814-1847

Andra Ghent

Understanding the Subprime Mortgage Crisis pp. 1848-1880

Yuliya Demyanyk and Otto Van Hemert

Originate-to-distribute Model and the Subprime Mortgage Crisis pp. 1881-1915

Amiyatosh Purnanandam

Bank Corporate Loan Pricing Following the Subprime Crisis pp. 1916-1943

João A. C. Santos

Liquidity Management and Corporate Investment During a Financial Crisis pp. 1944-1979

Murillo Campello, Erasmo Giambona, John R. Graham and Campbell R. Harvey

Margin-based Asset Pricing and Deviations from the Law of One Price pp. 1980-2022

Nicolae Gârleanu and Lasse Pedersen

The Composition Matters: Capital Inflows and Liquidity Crunch During a Global Economic Crisis pp. 2023-2052

Hui Tong and Shang-Jin Wei

Effects of Central Bank Intervention on the Interbank Market During the Subprime Crisis pp. 2053-2083

Celso Brunetti, Mario di Filippo and Jeffrey H. Harris

Competition, Risk-shifting, and Public Bail-out Policies pp. 2084-2120

Reint Gropp, Hendrik Hakenes and Isabel Schnabel

Bank Risk-taking, Securitization, Supervision, and Low Interest Rates: Evidence from the Euro-area and the U.S. Lending Standards pp. 2121-2165

Angela Maddaloni and Jose-Luis Peydro

Crisis Resolution and Bank Liquidity pp. 2166-2205

Viral Acharya, Hyun Song Shin and Tanju Yorulmazer

Volume 24, issue 5, 2011

Stochastic House Appreciation and Optimal Mortgage Lending pp. 1407-1446

Tomasz Piskorski and Alexei Tchistyi

Informed and Uninformed Investment in Housing: The Downside of Diversification pp. 1447-1480

Elena Loutskina and Philip E. Strahan

All the News That's Fit to Reprint: Do Investors React to Stale Information? pp. 1481-1512

Paul C. Tetlock

Do Behavioral Biases Adversely Affect the Macro-economy? pp. 1513-1559

George M. Korniotis and Alok Kumar

Do Investors Learn from Experience? Evidence from Frequent IPO Investors pp. 1560-1589

Yao-Min Chiang, David Hirshleifer, Yiming Qian and Ann E. Sherman

Liquidity Biases and the Pricing of Cross-sectional Idiosyncratic Volatility pp. 1590-1629

Yufeng Han and David Lesmond

Why Do (Some) Households Trade So Much? pp. 1630-1666

Juhani T. Linnainmaa

Participation Constraints in the Stock Market: Evidence from Unexpected Inheritance Due to Sudden Death pp. 1667-1697

Steffen Andersen and Kasper Meisner Nielsen

Hedge Funds: Pricing Controls and the Smoothing of Self-reported Returns pp. 1698-1734

Gavin Cassar and Joseph Gerakos

The Impact of Hedge Fund Activism on the Target Firm's Existing Bondholders pp. 1735-1771

April Klein and Emanuel Zur

Volume 24, issue 4, 2011

The Value of Bank Capital and the Structure of the Banking Industry pp. 971-982

Franklin Allen, Paolo Fulghieri and Hamid Mehran

Credit Market Competition and Capital Regulation pp. 983-1018

Franklin Allen, Elena Carletti and Robert Marquez

Bank Capital and Value in the Cross-Section pp. 1019-1067

Hamid Mehran

The Effect of Bank Mergers on Loan Prices: Evidence from the United States pp. 1068-1101

Isil Erel

Staying, Dropping, or Switching: The Impacts of Bank Mergers on Small Firms pp. 1102-1140

Hans Degryse, Nancy Masschelein and Janet Mitchell

Lending Relationships and Loan Contract Terms pp. 1141-1203

Sreedhar T. Bharath, Sandeep Dahiya, Anthony Saunders and Anand Srinivasan

The Impact of a Strong Bank-Firm Relationship on the Borrowing Firm pp. 1204-1260

Nishant Dass and Massimo Massa

What You Sell Is What You Lend? Explaining Trade Credit Contracts pp. 1261-1298

Mariassunta Giannetti, Mike Burkart and Tore Ellingsen

Asset-Backed Securities: Costs and Benefits of "Bankruptcy Remoteness" pp. 1299-1335

Kenneth Ayotte and Stav Gaon

Interbank Contagion at Work: Evidence from a Natural Experiment pp. 1337-1377

Rajkamal Iyer and Jose-Luis Peydro

Too Many to Fail? Evidence of Regulatory Forbearance When the Banking Sector Is Weak pp. 1378-1405

Craig Brown and I. Serdar Dinç

Volume 24, issue 3, 2011

Revisiting Asset Pricing Puzzles in an Exchange Economy pp. 629-674

Christine A. Parlour, Richard Stanton and Johan Walden

Impatient Trading, Liquidity Provision, and Stock Selection by Mutual Funds pp. 675-720

Zhi Da, Pengjie Gao and Ravi Jagannathan

Market Liquidity and Flow-driven Risk pp. 721-753

Prachi Deuskar and Timothy C. Johnson

Obfuscation, Learning, and the Evolution of Investor Sophistication pp. 754-785

Bruce Ian Carlin and Gustavo Manso

Inheriting Losers pp. 786-820

Li Jin and Anna Scherbina

Price Efficiency and Short Selling pp. 821-852

Pedro Saffi and Kari Sigurdsson

Do Peso Problems Explain the Returns to the Carry Trade? pp. 853-891

Craig Burnside, Martin Eichenbaum, Isaac Kleshchelski and Sergio Rebelo

The Price Impact of Institutional Herding pp. 892-925

Amil Dasgupta, Andrea Prat and Michela Verardo

A New Perspective on Gaussian Dynamic Term Structure Models pp. 926-970

Scott Joslin, Kenneth J. Singleton and Haoxiang Zhu

Volume 24, issue 2, 2011

When Do Banks Listen to Their Analysts? Evidence from Mergers and Acquisitions pp. 321-357

David Haushalter and Michelle Lowry

Internal Capital Markets and Corporate Politics in a Banking Group pp. 358-401

K. J. Martijn Cremers, Rocco Huang and Zacharias Sautner

Are U.S. CEOs Paid More Than U.K. CEOs? Inferences from Risk-adjusted Pay pp. 402-438

Martin Conyon, John E. Core and Wayne R. Guay

Pay for Performance? CEO Compensation and Acquirer Returns in BHCs pp. 439-472

Kristina Minnick, Haluk Unal and Liu Yang

A Simple Robust Link Between American Puts and Credit Protection pp. 473-505

Peter Carr and Liuren Wu

Fuzzy Math, Disclosure Regulation, and Market Outcomes: Evidence from Truth-in-Lending Reform pp. 506-534

Victor Stango and Jonathan Zinman

Shareholder Activism and CEO Pay pp. 535-592

Yonca Ertimur, Fabrizio Ferri and Volkan Muslu

When Are Analyst Recommendation Changes Influential? pp. 593-627

Roger K. Loh and René M. Stulz

Volume 24, issue 1, 2011

What's Vol Got to Do with It pp. 1-45

Itamar Drechsler and Amir Yaron

News--Good or Bad--and Its Impact on Volatility Predictions over Multiple Horizons pp. 46-81

Xilong Chen and Eric Ghysels

Generalized Disappointment Aversion, Long-run Volatility Risk, and Asset Prices pp. 82-122

Marco Bonomo, René Garcia, Nour Meddahi and Roméo Tédongap

Do the Best Hedge Funds Hedge? pp. 123-168

Sheridan Titman and Cristian Tiu

Relative Wealth Concerns and Complementarities in Information Acquisition pp. 169-207

Diego García and Günter Strobl

Expectations, Bond Yields, and Monetary Policy pp. 208-247

Albert Chun

Collateral Values by Asset Class: Evidence from Primary Securities Dealers pp. 248-278

Leonardo Bartolini, Spence Hilton, Suresh Sundaresan and Christopher Tonetti

How Deep Is the Annuity Market Participation Puzzle? pp. 279-319

Joachim Inkmann, Paula Lopes and Alexander Michaelides