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 34, issue 12, 2021

Investors’ Attention to Corporate Governance (The “Wall Street Walk” and shareholder activism: Exit as a form of voice) pp. 5581-5628

Peter Iliev, Jonathan Kalodimos and Michelle Lowry

The Costs and Benefits of Shareholder Democracy: Gadflies and Low-Cost Activism (How close are shareholder votes?) pp. 5629-5675

Nickolay Gantchev and Mariassunta Giannetti

Shareholder Perks and Firm Value (Matching on the Estimated Propensity Score) pp. 5676-5722

Jonathan M Karpoff, Robert Schonlau and Katsushi Suzuki

The Whack-a-Mole Game: Tobin Taxes and Trading Frenzy (Range-based estimation of stochastic volatility models) pp. 5723-5755

Jinghan Cai, Jibao He, Wenxi Jiang and Wei Xiong

What If Dividends Were Tax-Exempt? Evidence from a Natural Experiment (Financial constraints, asset tangibility, and corporate investment) pp. 5756-5795

Dusan Isakov, Christophe Pérignon and Jean-Philippe Weisskopf

Debt Maturity and the Dynamics of Leverage (Rollover risk and market freezes) pp. 5796-5840

Thomas Dangl and Josef Zechner

Portfolio Liquidity and Security Design with Private Information (Strategic liquidity supply and security design) pp. 5841-5885

Peter DeMarzo, David Frankel and Yu Jin

Monitoring in Originate-to-Distribute Lending: Reputation versus Skin in the Game (Extremal equilibria of oligopolistic supergames) pp. 5886-5932

Andrew Winton and Vijay Yerramilli

The Price of Law: The Case of the Eurozone Collective Action Clauses (Unbundling institutions) pp. 5933-5976

Elena Carletti, Paolo Colla, Mitu Gulati and Steven Ongena

Information Choice, Uncertainty, and Expected Returns (A noisy rational expectations equilibrium for multi-asset securities markets) pp. 5977-6031

Charles Cao, David Gempesaw and Timothy T Simin

Term Structure of Risk in Expected Returns (Stock returns and volatility: Pricing the short-run and long-run components of market risk) pp. 6032-6086

Irina Zviadadze

Firm Characteristics and Empirical Factor Models: A Model Mining Experiment (Beta matrix and common factors in stock returns) pp. 6087-6125

Mary Tian

Volume 34, issue 11, 2021

COVID-19 and Its Impact on Financial Markets and the Real Economy (A model of endogenous risk intolerance and LSAPs: Asset prices and aggregate demand in a “COVID-19” shock) pp. 5135-5148

Itay Goldstein, Ralph S J Koijen and Holger M Mueller

The Macroeconomics of Epidemics (Economic activity and the spread of viral diseases: Evidence from high frequency data) pp. 5149-5187

Martin Eichenbaum, Sergio Rebelo and Mathias Trabandt

Optimal Mitigation Policies in a Pandemic: Social Distancing and Working from Home (A simple planning problem for covid-19 lockdown) pp. 5188-5223

Callum Jones, Thomas Philippon and Venky Venkateswaran

Implications of Stochastic Transmission Rates for Managing Pandemic Risks (Comparison of deterministic and stochastic SIS and SIR models in discrete time) pp. 5224-5265

Harrison Hong, Neng Wang and Jinqiang Yang

Business Restrictions and COVID-19 Fatalities (The immediate effect of COVID-19 policies on social distancing behavior in the United States) pp. 5266-5308

Matthew Spiegel and Heather Tookes

When Selling Becomes Viral: Disruptions in Debt Markets in the COVID-19 Crisis and the Fed’s Response (Funding value adjustments) pp. 5309-5351

Valentin Haddad, Alan Moreira and Tyler Muir

Corporate Bond Liquidity during the COVID-19 Crisis (The day coronavirus nearly broke the financial markets) pp. 5352-5401

Mahyar Kargar, Benjamin Lester, David Lindsay, Shuo Liu, Pierre-Olivier Weill and Diego Zúñiga

Liquidity Restrictions, Runs, and Central Bank Interventions: Evidence from Money Market Funds (Dealer financial conditions and lender-of-last-resort facilities) pp. 5402-5437

Lei Li, Yi Li, Marco Macchiavelli and Xing (Alex) Zhou

How Did Depositors Respond to COVID-19? (A crisis of banks as liquidity providers) pp. 5438-5473

Ross Levine, Chen Lin, Mingzhu Tai and Wensi Xie

How Valuable Is Financial Flexibility when Revenue Stops? Evidence from the COVID-19 Crisis (The risk of being a fallen angel and the corporate dash for cash in the midst of COVID) pp. 5474-5521

Ruediger Fahlenbrach, Kevin Rageth and René M Stulz

A Model of Endogenous Risk Intolerance and LSAPs: Asset Prices and Aggregate Demand in a “COVID-19” Shock (Financial intermediaries and the cross-section of asset returns) pp. 5522-5580

Ricardo Caballero and Alp Simsek

Volume 34, issue 10, 2021

Fintech Borrowers: Lax Screening or Cream-Skimming? pp. 4565-4618

Marco Di Maggio and Vincent Yao

Home Equity and Labor Income: The Role of Constrained Mobility pp. 4619-4662

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

Mo Shen and David Denis

CEO Noncompete Agreements, Job Risk, and Compensation pp. 4701-4744

Omesh Kini, Ryan Williams, Sirui Yin and David Denis

Incentivizing Financial Regulators* pp. 4745-4784

Joseph Kalmenovitz

Information Dispersion across Employees and Stock Returns pp. 4785-4831

Ashwini Agrawal, Isaac Hacamo, Zhongchen Hu and Wei Jiang

Private Equity Buyouts and Workplace Safety pp. 4832-4875

Jonathan Cohn, Nicole Nestoriak, Malcolm Wardlaw and Wei Jiang

International Trade and the Propagation of Merger Waves pp. 4876-4925

Muhammad Farooq Ahmad, Eric de Bodt, Jarrad Harford and David Denis

Financing Corporate Growth pp. 4926-4998

Murray Z Frank, Ali Sanati and Holger Mueller

Bank Concentration and Product Market Competition pp. 4999-5035

Farzad Saidi and Daniel Streitz

Bank Lending in the Knowledge Economy pp. 5036-5076

Giovanni Dell’Ariccia, Dalida Kadyrzhanova, Camelia Minoiu and Lev Ratnovski

Capital Flows, Real Estate, and Local Cycles:Evidence from German Cities, Banks, and Firms pp. 5077-5134

Peter Bednarek, Daniel te Kaat, Chang Ma and Alessandro Rebucci

Volume 34, issue 9, 2021

The Economics of the Fed Put pp. 4045-4089

Anna Cieslak and Annette Vissing-Jorgensen

Kicking the Can Down the Road: Government Interventions in the European Banking Sector pp. 4090-4131

Viral Acharya, Lea Borchert, Maximilian Jager and Sascha Steffen

Bank Cleanups, Capitalization, and Lending: Evidence from India pp. 4132-4176

Yakshup Chopra, Krishnamurthy Subramanian and Prasanna L Tantri

Demand Effects in the FX Forward Market: Micro Evidence from Banks’ Dollar Hedging pp. 4177-4215

Abbassi Puriya and Falk Bräuning

How is Liquidity Priced in Global Markets? pp. 4216-4268

Ines Chaieb, Vihang Errunza, Hugues Langlois and Andrew Karolyi

Funding Constraints and Informational Efficiency pp. 4269-4322

Sergei Glebkin, Naveen Gondhi and John Chi-Fong Kuong

Learning about the Neighborhood pp. 4323-4372

Zhenyu Gao, Michael Sockin and Wei Xiong

Does Collateral Value Affect Asset Prices? Evidence from a Natural Experiment in Texas pp. 4373-4411

Albert Alex Zevelev

How Much Information Is Incorporated into Financial Asset Prices? Experimental Evidence pp. 4412-4449

Lionel Page and Christoph Siemroth

Experience Does Not Eliminate Bubbles: Experimental Evidence pp. 4450-4485

Anita Kopányi-Peuker, Matthias Weber and Lauren Cohen

User Interface and Firsthand Experience in Retail Investing pp. 4486-4523

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

Stephen Dimmock, Roy Kouwenberg, Olivia Mitchell and Kim Peijnenburg

Volume 34, issue 8, 2021

Real and Private-Value Assets (Gendered prices) pp. 3497-3526

William N Goetzmann, Christophe Spaenjers and Stijn Van Nieuwerburgh

Climate Change and Long-Run Discount Rates: Evidence from Real Estate (Abrupt climate change) pp. 3527-3571

Stefano Giglio, Matteo Maggiori, Krishna Rao, Johannes Stroebel, Andreas Weber and Stijn Van Nieuwerburgh

The Rate of Return on Real Estate: Long-Run Micro-Level Evidence (Inflation protection from homeownership: Long-run evidence, 1814–2008) pp. 3572-3607

David Chambers, Christophe Spaenjers, Eva Steiner and Stijn Van Nieuwerburgh

The Total Return and Risk to Residential Real Estate (House prices and fundamentals: 355 years of evidence) pp. 3608-3646

Piet Eichholtz, Matthijs Korevaar, Thies Lindenthal, Ronan Tallec and Stijn Van Nieuwerburgh

Asset-Level Risk and Return in Real Estate Investments (New evidence on home prices from Freddie Mac repeat sales) pp. 3647-3694

Jacob S Sagi and Stijn Van Nieuwerburgh

Idiosyncratic Risk in Housing Markets (Credit supply and house prices: Evidence from mortgage market segmentation) pp. 3695-3741

Marco Giacoletti and Stijn Van Nieuwerburgh

The Effects of a Targeted Financial Constraint on the Housing Market (Lending implications of U.S. bank stress tests: Costs or benefits?) pp. 3742-3788

Lu Han, Chandler Lutz, Benjamin Sand, Derek Stacey and Stijn Van Nieuwerburgh

Gendered Prices (Can culture affect prices? A cross-cultural study of shopping and retail prices) pp. 3789-3839

Renee Adams, Roman Kräussl, Marco Navone, Patrick Verwijmeren and Stijn Van Nieuwerburgh

When a Master Dies: Speculation and Asset Float (Optimal financial crises) pp. 3840-3879

Julien Penasse, Luc Renneboog, José A Scheinkman and Stijn Van Nieuwerburgh

Institutional Investors and Infrastructure Investing (Pension fund asset allocation and liability discount rates) pp. 3880-3934

Aleksandar Andonov, Roman Kräussl, Joshua Rauh and Stijn Van Nieuwerburgh

Personal Wealth, Self-Employment, and Business Ownership (House prices, collateral, and self-employment) pp. 3935-3975

Aymeric Bellon, J Anthony Cookson, Erik P Gilje, Rawley Z Heimer and Stijn Van Nieuwerburgh

Get Real! Individuals Prefer More Sustainable Investments (Explaining the discrepancy between intentions and actions: The case of hypothetical gap in contingent valuation) pp. 3976-4043

Rob Bauer, Tobias Ruof, Paul Smeets and Stijn Van Nieuwerburgh

Volume 34, issue 7, 2021

Big Data in Finance (Institutional order handling and broker-affiliated trading venues) pp. 3213-3225

Itay Goldstein, Chester S Spatt and Mao Ye

Selecting Directors Using Machine Learning (The role of boards of directors in corporate governance: A conceptual framework and survey) pp. 3226-3264

Isil Erel, Léa H Stern, Chenhao Tan and Michael Weisbach

Measuring Corporate Culture Using Machine Learning (Machine learning methods that economists should know about) pp. 3265-3315

Kai Li, Feng Mai, Rui Shen and Xinyan Yan

Microstructure in the Machine Age (The risk of machine learning) pp. 3316-3363

David Easley, Marcos López de Prado, Maureen O’Hara, Zhibai Zhang and Wei Jiang

Institutional Order Handling and Broker-Affiliated Trading Venues (Performance of institutional trading desks: An analysis of persistence in trading costs) pp. 3364-3402

Amber Anand, Mehrdad Samadi, Jonathan Sokobin and Kumar Venkataraman

Demand for Information, Uncertainty, and the Response of U.S. Treasury Securities to News (Optimal inattention to the stock market) pp. 3403-3455

Hedi Benamar, Thierry Foucault and Clara Vega

Thousands of Alpha Tests (The performance of hedge funds: Risk, return, and incentives) pp. 3456-3496

Stefano Giglio, Yuan Liao, Dacheng Xiu and Wei Jiang

Volume 34, issue 6, 2021

Risks and Returns of Cryptocurrency pp. 2689-2727

Yukun Liu and Aleh Tsyvinski

The PPP View of Multihorizon Currency Risk Premiums pp. 2728-2772

Mikhail Chernov and Drew Creal

The Yield Spread and Bond Return Predictability in Expansions and Recessions pp. 2773-2812

Martin M Andreasen, Tom Engsted, Stig V Møller, Magnus Sander and Stijn Van Nieuwerburgh

Arbitrage Portfolios pp. 2813-2856

Soohun Kim, Robert Korajczyk, Andreas Neuhierl and Wei JiangEditor

Hysteresis in Price Efficiency and the Economics of Slow-Moving Capital pp. 2857-2909

James Dow, Jungsuk Han, Francesco Sangiorgi and Stijn Van Nieuwerburgh

Self-Fulfilling Fire Sales: Fragility of Collateralized Short-Term Debt Markets pp. 2910-2948

John Chi-Fong Kuong

Collateral Runs pp. 2949-2992

Sebastian Infante and Alexandros P Vardoulakis

Mutual Fund Trading Style and Bond Market Fragility pp. 2993-3044

Amber Anand, Chotibhak Jotikasthira and Kumar Venkataraman

Marketing Mutual Funds pp. 3045-3094

Nikolai Roussanov, Hongxun Ruan, Yanhao Wei and Stijn Van Nieuwerburgh

Political Influence and the Renegotiation of Government Contracts pp. 3095-3137

Jonathan Brogaard, Matthew Denes, Ran Duchin and David Denis

Political Cycles in Bank Lending to the Government pp. 3138-3180

Michael Koetter and Alexander Popov

The Effect of Bank Supervision and Examination on Risk Taking: Evidence from a Natural Experiment pp. 3181-3212

John Kandrac and Bernd Schlusche

Volume 34, issue 5, 2021

The Rise of Shadow Banking: Evidence from Capital Regulation (Securities trading by banks and credit supply: Micro-evidence from the crisis) pp. 2181-2235

Rustom M Irani, Rajkamal Iyer, Ralf R Meisenzahl and Jose-Luis Peydro

Mortgage Securitization and Shadow Bank Lending (The liquidity coverage ratio and liquidity risk monitoring tools) pp. 2236-2274

Pedro Gete and Michael Reher

Learning about Competitors: Evidence from SME Lending (Monthly payment targeting and the demand for maturity) pp. 2275-2317

Olivier Darmouni and Andrew Sutherland

Marketplace Lending, Information Aggregation, and Liquidity (Joint projects without commitment) pp. 2318-2361

Julian Franks, Nicolas Serrano-Velarde and Oren Sussman

Mutual Funds as Venture Capitalists? Evidence from Unicorns (The role of boards of directors in corporate governance: a conceptual framework and survey) pp. 2362-2410

Sergey Chernenko, Josh Lerner and Yao Zeng

Public Market Players in the Private World: Implications for the Going-Public Process (Robust financial contracting and the role of venture capitalists) pp. 2411-2447

Shiyang Huang, Yifei Mao, Cong (Roman) Wang and Dexin Zhou

Household Inequality, Entrepreneurial Dynamism, and Corporate Financing (The colonial origins of comparative development: An empirical investigation) pp. 2448-2507

Fabio Braggion, Mintra Dwarkasing and Steven Ongena

Cyclical Fluctuations, Financial Shocks, and the Entry of Fast-Growing Entrepreneurial Startups (Young, restless and creative: Openness to disruption and creative innovations) pp. 2508-2548

Christoph Albert and Andrea Caggese

Minimum Wages and Consumer Credit: Effects on Access and Borrowing (Price pass-through and the minimum wage) pp. 2549-2579

Lisa J Dettling and Joanne Hsu

Side Effects of Nudging: Evidence from a Randomized Intervention in the Credit Card Market (Regulating consumer financial products: Evidence from credit cards) pp. 2580-2607

Paolina C Medina

Impulsive Consumption and Financial Well-Being: Evidence from an Increase in the Availability of Alcohol (Identification of causal effects using instrumental variables) pp. 2608-2647

Itzhak Ben-David and Marieke Bos

Housing, Mortgages, and Self-Control (Measuring self-control problems) pp. 2648-2687

Kathrin Schlafmann

Volume 34, issue 4, 2021

How Do Consumers Fare When Dealing with Debt Collectors? Evidence from Out-of-Court Settlements (Why don’t lenders renegotiate more home mortgages? Redefaults, self-cures and securitization) pp. 1617-1660

Ing-Haw Cheng, Felipe Severino, Richard R Townsend and Stijn Van Nieuwerburgh

Can Strong Creditors Inhibit Entrepreneurial Activity? (Creditor rights and corporate risk-taking) pp. 1661-1698

Nuri Ersahin, Rustom M Irani and Katherine Waldock

(Debt) Overhang: Evidence from Resource Extraction (Leverage and investment in diversified firms) pp. 1699-1746

Michael D Wittry

Sharing the Pain? Credit Supply and Real Effects of Bank Bail-ins (High wage workers and high wage firms) pp. 1747-1788

Thorsten Beck, Samuel Da-Rocha-Lopes, André F Silva and Francesca Cornelli

Corporate Cash Shortfalls and Financing Decisions (Market timing and capital structure) pp. 1789-1833

Rongbing Huang, Jay Ritter and David Denis

Corporate Money Demand (Financial innovation and the transactions demand for cash) pp. 1834-1866

Xiaodan Gao, Toni Whited and Na Zhang

Why Does Equity Capital Flow out of High Tobin’sIndustries? (How q and cash flow affect investment without frictions: An analytic explanation) pp. 1867-1906

Dong Wook Lee, Hyun-Han Shin, René M Stulz and David Denis

Evaluating Firm-Level Expected-Return Proxies: Implications for Estimating Treatment Effects (The cross-section of volatility and expected returns) pp. 1907-1951

Charles Lee, Eric C So, Charles C Y Wang and Wei Jiang

Does Option Trading Have a Pervasive Impact on Underlying Stock Prices? (Equity market impact) pp. 1952-1986

Sophie X Ni, Neil D Pearson, Allen M Poteshman, Joshua White and Andrew Karolyi

Who Is Afraid of BlackRock? (Connected stocks) pp. 1987-2044

Massimo Massa, David Schumacher and Yan Wang

Break Risk (Maximum likelihood estimation of the equity premium) pp. 2045-2100

Simon C Smith, Allan Timmermann and Stijn Van Nieuwerburgh

Illiquidity and Stock Returns II: Cross-section and Time-series Effects (A simple estimation of bid-ask spreads from daily close, high and low prices) pp. 2101-2123

Yakov Amihud, Joonki Noh and Andrew Karolyi

Editor’s Note: Introducing the Review Article “Perspectives on the Future of Asset Pricing” pp. 2124-2125

Itay Goldstein

Review Article: Perspectives on the Future of Asset Pricing (Do survey expectations of stock returns reflect risk-adjustments?) pp. 2126-2160

Markus Brunnermeier, Emmanuel Farhi, Ralph S J Koijen, Arvind Krishnamurthy, Sydney C Ludvigson, Hanno Lustig, Stefan Nagel and Monika Piazzesi

The Annual Report of the Society for Financial Studies for 2019–2020 pp. 2161-2179

Kalok Chan, Andrew Ellul, Itay Goldstein, Craig Holden, Monika Piazzesi and Jeffrey Pontiff

Volume 34, issue 3, 2021

Tokenomics: Dynamic Adoption and Valuation (The demand of liquid assets with uncertain lumpy expenditures) pp. 1105-1155

Lin Cong, Ye Li and Neng Wang

Blockchain without Waste: Proof-of-Stake (Proof of Work vs Proof of Stake) pp. 1156-1190

Fahad Saleh and Wei Jiang

Decentralized Mining in Centralized Pools (Concentrating on the fall of the labor share) pp. 1191-1235

Lin Cong, Zhiguo He, Jiasun Li and Wei Jiang

Uncertainty, Investor Sentiment, and Innovation (Was Prometheus unbound by chance? Risk, diversification, and growth) pp. 1236-1279

David Dicks and Paolo Fulghieri

Innovation and Informed Trading: Evidence from Industry ETFs (Short interest, institutional ownership, and stock returns) pp. 1280-1316

Shiyang Huang, Maureen O’Hara and Zhuo Zhong

Do Foreign Institutional Investors Improve Price Efficiency? (Does governance travel around the world? Evidence from institutional investors) pp. 1317-1367

Marcin Kacperczyk, Savitar Sundaresan, Tianyu Wang and Wei Jiang

Investor Protection and Capital Fragility: Evidence from Hedge Funds around the World (Liquidity transformation and financial fragility: Evidence from funds of hedge funds) pp. 1368-1407

George O Aragon, Vikram Nanda, Haibei Zhao and Wei Jiang

Savings Gluts and Financial Fragility (Money, liquidity and monetary policy) pp. 1408-1444

Patrick Bolton, Tano Santos and Jose A Scheinkman

Taper Tantrums: Quantitative Easing, Its Aftermath, and Emerging Market Capital Flows (Pricing the term structure with linear regressions) pp. 1445-1508

Anusha Chari, Karlye Dilts Stedman, Christian Lundblad and Andrew Karolyi

Asset Insulators (Asset pricing and the bid-ask spread) pp. 1509-1539

Gabriel Chodorow-Reich, Andra Ghent and Valentin Haddad

Carbon Tail Risk (Measuring economic policy uncertainty) pp. 1540-1571

Emirhan Ilhan, Zacharias Sautner and Grigory Vilkov

The Skewness of the Stock Market over Long Horizons (Does realized skewness predict the cross-section of equity returns?) pp. 1572-1616

Anthony Neuberger, Richard Payne and Stijn Van Nieuwerburgh

Volume 34, issue 2, 2021

Performance-Induced CEO Turnover (The “Wall Street Walk” and shareholder activism: Exit as a form of voice) pp. 569-617

Dirk Jenter and Katharina Lewellen

Paying by Donating: Corporate Donations Affiliated with Independent Directors (Corporate political donations: Investment or agency?) pp. 618-660

Ye Cai, Jin Xu and Jun Yang

Weak Governance by Informed Active Shareholders (The “Wall Street walk” and shareholder activism: Exit as a form of voice) pp. 661-699

Eitan Goldman and Wenyu Wang

The Origins and Real Effects of the Gender Gap: Evidence from CEOs’ Formative Years (Women on boards: The superheroes of tomorrow?) pp. 700-762

Ran Duchin, Mikhail Simutin and Denis Sosyura

Do Minorities Pay More for Mortgages? (Higher-priced home lending and the 2005 HMDA data) pp. 763-789

Neil Bhutta and Aurel Hizmo

Does Borrower and Broker Race Affect the Cost of Mortgage Credit? (Why don’t lenders renegotiate more home mortgages? Redefaults, self-cures and securitization) pp. 790-826

Brent Ambrose, James N Conklin and Luis A Lopez

Do Neighborhoods Affect the Credit Market Decisions of Low-Income Borrowers? Evidence from the Moving to Opportunity Experiment (Asset prices under habit formation and catching up with the Joneses) pp. 827-863

Sarah Miller and Cindy K Soo

A Crisis of Missed Opportunities? Foreclosure Costs and Mortgage Modification During the Great Recession (Synthetic control methods for comparative case studies: Estimating the effect of California’s tobacco control program) pp. 864-906

Stuart Gabriel, Matteo Iacoviello and Chandler Lutz

The Babies of Mortgage Market Deregulation (Secular stagnation? The effect of aging on economic growth in the age of automation) pp. 907-948

Isaac Hacamo

Does Household Finance Affect the Political Process? Evidence from Voter Turnout During a Housing Crisis (Loan originations and defaults in the mortgage crisis: The role of the middle class) pp. 949-984

W Ben McCartney

How Important Are Inflation Expectations for the Nominal Yield Curve? (Pricing the term structure with linear regressions) pp. 985-1045

Roberto Gomez-Cram and Amir Yaron

Bond Risk Premiums with Machine Learning (Quadratic term structure models: Theory and evidence) pp. 1046-1089

Daniele Bianchi, Matthias Büchner and Andrea Tamoni

Corrigendum: Bond Risk Premiums with Machine Learning (Bond risk premiums with machine learning) pp. 1090-1103

Daniele Bianchi, Matthias Büchner, Tobias Hoogteijling and Andrea Tamoni

Volume 34, issue 1, 2021

CAPM-Based Company (Mis)valuations (Credit lines as monitored liquidity insurance: Theory and evidence) pp. 1-66

Olivier Dessaint, Jacques Olivier, Clemens A Otto and David Thesmar

Models or Stars: The Role of Asset Pricing Models and Heuristics in Investor Risk Adjustment (Which factors matter to investors? evidence from mutual fund flows) pp. 67-107

Richard B Evans and Yang Sun

What Do Fund Flows Reveal about Asset Pricing Models and Investor Sophistication? (Alpha or beta in the eye of the beholder: What drives hedge fund flows?) pp. 108-148

Narasimhan Jegadeesh and Chandra Sekhar Mangipudi

Out-of-Sample Performance of Mutual Fund Predictors (Has U.S. corporate bond market liquidity deteriorated?) pp. 149-193

Christopher S Jones and Haitao Mo

Portfolio Pumping and Managerial Structure (Internal governance mechanisms and operational performance: Evidence from index mutual funds) pp. 194-226

Saurin Patel and Sergei Sarkissian

Best Buys and Own Brands: Investment Platforms’ Recommendations of Mutual Funds (Understanding the advice of commissions-motivated agents: Evidence from the Indian life insurance market) pp. 227-263

Gordon Cookson, Tim Jenkinson, Howard Jones and Jose Vicente Martinez

The Chinese Warrants Bubble: Evidence from Brokerage Account Records (Bubbles and crises) pp. 264-312

Neil D Pearson, Zhishu Yang and Qi Zhang

Winners, Losers, and Regulators in a Derivatives Market Bubble (Bubbles and crashes) pp. 313-350

Xindan Li, Avanidhar Subrahmanyam and Xuewei Yang

Momentum and Reversals When Overconfident Investors Underestimate Their Competition (The financial crisis of 2007–2009: Causes and remedies) pp. 351-393

Jiang Luo, Avanidhar Subrahmanyam and Sheridan Titman

Implied Stochastic Volatility Models (Testing continuous-time models of the spot interest rate) pp. 394-450

Yacine Ait-Sahalia, Chenxu Li and Chen Xu Li

Untangling the Value Premium with Labor Shares (A unified model of investment under uncertainty) pp. 451-508

Andres Donangelo

Heterogeneous Taxes and Limited Risk Sharing: Evidence from Municipal Bonds (The distribution of realized stock return volatility) pp. 509-568

Tania Babina, Chotibhak Jotikasthira, Christian Lundblad and Tarun Ramadorai