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 ().

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Volume 29, issue 12, 2016

Ownership Structure, Limits to Arbitrage, and Stock Returns: Evidence from Equity Lending Markets pp. 3211-3244

Melissa Porras Prado, Pedro Saffi and Jason Sturgess

Do Institutional Investors Demand Public Disclosure? pp. 3245-3277

Andrew Bird and Stephen Karolyi

Revealing Shorts An Examination of Large Short Position Disclosures pp. 3278-3320

Charles Jones, Adam V. Reed and William Waller

Prime Broker-Level Comovement in Hedge Fund Returns: Information or Contagion? pp. 3321-3353

Ji-Woong Chung and Byoung Uk Kang

Industry Window Dressing pp. 3354-3393

Huaizhi Chen, Lauren Cohen and Dong Lou

The Role of Proxy Advisory Firms: Evidence from a Regression-Discontinuity Design pp. 3394-3427

Nadya Malenko and Yao Shen

Managerial Rents vs. Shareholder Value in Delegated Portfolio Management: The Case of Closed-End Funds pp. 3428-3470

Youchang Wu, Russell Wermers and Josef Zechner

Political Sentiment and Predictable Returns pp. 3471-3518

Jawad M. Addoum and Alok Kumar

Revisiting Mutual Fund Portfolio Disclosure pp. 3519-3544

Christopher G. Schwarz and Mark E. Potter

Volume 29, issue 11, 2016

Capital-Market Effects of Securities Regulation: Prior Conditions, Implementation, and Enforcement pp. 2885-2924

Hans B. Christensen, Luzi Hail and Christian Leuz

Do Firms Engage in Risk-Shifting? Empirical Evidence pp. 2925-2954

Erik P. Gilje

CEO Investment Cycles pp. 2955-2999

Yihui Pan, Tracy Yue Wang and Michael Weisbach

The Real Effects of Uncertainty on Merger Activity pp. 3000-3034

Vineet Bhagwat, Robert Dam and Jarrad Harford

Does Mandatory Shareholder Voting Prevent Bad Acquisitions? pp. 3035-3067

Marco Becht, Andrea Polo and Stefano Rossi

Prospect Theory and Stock Returns: An Empirical Test pp. 3068-3107

Nicholas Barberis, Abhiroop Mukherjee and Baolian Wang

Neural Evidence of Regret and Its Implications for Investor Behavior pp. 3108-3139

Cary Frydman and Colin Camerer

Loss-Averse Preferences, Performance, and Career Success of Institutional Investors pp. 3140-3176

Andriy Bodnaruk and Andrei Simonov

Peer Pressure: Social Interaction and the Disposition Effect pp. 3177-3209

Rawley Z. Heimer

Volume 29, issue 10, 2016

Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent pp. 2565-2599

Viral Acharya, Marco Pagano and Paolo Volpin

Which Factors Matter to Investors? Evidence from Mutual Fund Flows pp. 2600-2642

Brad Barber, Xing Huang and Terrance Odean

Relationship and Transaction Lending in a Crisis pp. 2643-2676

Patrick Bolton, Xavier Freixas, Leonardo Gambacorta and Paolo Emilio Mistrulli

Dynamic Debt Maturity pp. 2677-2736

Zhiguo He and Konstantin Milbradt

Does Credit Crunch Investment Down? New Evidence on the Real Effects of the Bank-Lending Channel pp. 2737-2773

Federico Cingano, Francesco Manaresi and Enrico Sette

Do Debt Contract Enforcement Costs Affect Financing and Asset Structure? pp. 2774-2813

Radhakrishnan Gopalan, Abhiroop Mukherjee and Manpreet Singh

Insolvency Resolution and the Missing High-Yield Bond Markets pp. 2814-2849

Bo Becker and Jens Josephson

The Effect of Negative Equity on Mortgage Default: Evidence From HAMP’s Principal Reduction Alternative pp. 2850-2883

Therese C. Scharlemann and Stephen H. Shore

Volume 29, issue 9, 2016

Editor's Choice The Importance of Trust for Investment: Evidence from Venture Capital pp. 2283-2318

Laura Bottazzi, Marco Da Rin and Thomas Hellmann

Experimentation and the Returns to Entrepreneurship pp. 2319-2340

Gustavo Manso

Financing from Family and Friends pp. 2341-2386

Samuel Lee and Petra Persson

The Operational Consequences of Private Equity Buyouts: Evidence from the Restaurant Industry pp. 2387-2418

Shai Bernstein and Albert Sheen

Posturing and Holdup in Innovation pp. 2419-2454

Naveen Khanna and Richmond D. Mathews

Private Equity and Workers’ Career Paths: The Role of Technological Change pp. 2455-2489

Ashwini Agrawal and Prasanna Tambe

Financial Education and the Debt Behavior of the Young pp. 2490-2522

Meta Brown, John Grigsby, Wilbert van der Klaauw, Jaya Wen and Basit Zafar

The Human Capital That Matters: Expected Returns and High-Income Households pp. 2523-2563

Sean D. Campbell, Stefanos Delikouras, Danling Jiang and George M. Korniotis

Volume 29, issue 8, 2016

Editor's Choice Commonality in Liquidity: A Demand-Side Explanation pp. 1943-1974

Andrew Koch, Stefan Ruenzi and Laura Starks

How Constraining Are Limits to Arbitrage? pp. 1975-2028

Alexander Ljungqvist and Wenlan Qian

Asset Pricing in the Frequency Domain: Theory and Empirics pp. 2029-2068

Ian Dew-Becker and Stefano Giglio

Skewness in Expected Macro Fundamentals and the Predictability of Equity Returns: Evidence and Theory pp. 2069-2109

Riccardo Colacito, Eric Ghysels, Jinghan Meng and Wasin Siwasarit

Commodities as Collateral pp. 2110-2160

Ke Tang and Haoxiang Zhu

Currency Premia and Global Imbalances pp. 2161-2193

Pasquale Della Corte, Steven J. Riddiough and Lucio Sarno

Can Changes in the Cost of Carry Explain the Dynamics of Corporate "Cash" Holdings? pp. 2194-2240

José A. Azar, Jean-François Kagy and Martin C. Schmalz

Horizon Effects in Average Returns: The Role of Slow Information Diffusion pp. 2241-2281

Oliver Boguth, Murray Carlson, Adlai Fisher and Mikhail Simutin

Volume 29, issue 7, 2016

Editor's Choice Loan Originations and Defaults in the Mortgage Crisis: The Role of the Middle Class pp. 1635-1670

Manuel Adelino, Antoinette Schoar and Felipe Severino

Did Dubious Mortgage Origination Practices Distort House Prices? pp. 1671-1708

John M. Griffin and Gonzalo Maturana

Bank Ratings and Lending Supply: Evidence from Sovereign Downgrades pp. 1709-1746

Manuel Adelino and Miguel Ferreira

The Euro Interbank Repo Market pp. 1747-1779

Loriano Mancini, Angelo Ranaldo and Jan Wrampelmeyer

The Shadow Cost of Bank Capital Requirements pp. 1780-1820

Roni Kisin and Asaf Manela

Why Don't All Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust-Preferred Securities pp. 1821-1859

Nicole M. Boyson, Ruediger Fahlenbrach and René M. Stulz

Interbank Market Freezes and Creditor Runs pp. 1860-1910

Xuewen Liu

Competition and Bank Opacity pp. 1911-1942

Liangliang Jiang, Ross Levine and Chen Lin

Volume 29, issue 6, 2016

Editor's Choice The Effect of Institutional Ownership on Payout Policy: Evidence from Index Thresholds pp. 1377-1408

Alan D. Crane, Sébastien Michenaud and James P. Weston

Buying High and Selling Low: Stock Repurchases and Persistent Asymmetric Information pp. 1409-1452

Philip Bond and Hongda Zhong

Collateral, Taxes, and Leverage pp. 1453-1500

Shaojin Li, Toni Whited and Yufeng Wu

Production Flexibility, Product Markets, and Capital Structure Decisions pp. 1501-1548

Sebastian J. Reinartz and Thomas Schmid

Out-of-the-Money CEOs: Private Control Premium and Option Exercises pp. 1549-1585

Vyacheslav Fos and Wei Jiang

Executive Compensation Incentives Contingent on Long-Term Accounting Performance pp. 1586-1633

Zhi Li and Lingling Wang

Volume 29, issue 5, 2016

Editor's Choice Rare Booms and Disasters in a Multisector Endowment Economy pp. 1113-1169

Jerry Tsai and Jessica A. Wachter

Measuring Liquidity in Bond Markets pp. 1170-1219

Raphael Schestag, Philipp Schuster and Marliese Uhrig-Homburg

Mortgage Risk and the Yield Curve pp. 1220-1253

Aytek Malkhozov, Philippe Mueller, Andrea Vedolin and Gyuri Venter

Secondary Market Liquidity and Security Design: Theory and Evidence from ABS Markets pp. 1254-1290

Nils Friewald, Christopher A. Hennessy and Rainer Jankowitsch

Information Spillovers, Gains from Trade, and Interventions in Frozen Markets pp. 1291-1329

Braz Camargo, Kyungmin Kim and Benjamin Lester

Robust Bayesian Portfolio Choices pp. 1330-1375

Evan Anderson and Ai-Ru (Meg) Cheng

Volume 29, issue 4, 2016

Editor's Choice Financial Attention pp. 863-897

Nachum Sicherman, George Loewenstein, Duane J. Seppi and Stephen P. Utkus

Whom Do You Trust?: Investor-Advisor Relationships and Mutual Fund Flows pp. 898-936

Leonard Kostovetsky

How Family Status and Social Security Claiming Options Shape Optimal Life Cycle Portfolios pp. 937-978

Andreas Hubener, Raimond Maurer and Olivia Mitchell

Borrowing High versus Borrowing Higher: Price Dispersion and Shopping Behavior in the U.S. Credit Card Market pp. 979-1006

Victor Stango and Jonathan Zinman

Does it Pay to Invest in Art? A Selection-Corrected Returns Perspective pp. 1007-1038

Arthur Korteweg, Roman Kräussl and Patrick Verwijmeren

The Corporate Value of (Corrupt) Lobbying pp. 1039-1071

Alexander Borisov, Eitan Goldman and Nandini Gupta

Estimating Security Betas Using Prior Information Based on Firm Fundamentals pp. 1072-1112

Mathijs Cosemans, Rik Frehen, Peter C. Schotman and Rob Bauer

Volume 29, issue 3, 2016

Editor's Choice Policy Uncertainty and Corporate Investment pp. 523-564

Huseyin Gulen and Mihai Ion

Looking in the Rearview Mirror: The Effect of Managers' Professional Experience on Corporate Financial Policy pp. 565-602

Amy Dittmar and Ran Duchin

Equity Market Misvaluation, Financing, and Investment pp. 603-654

Missaka Warusawitharana and Toni Whited

Reputation Concerns of Independent Directors: Evidence from Individual Director Voting pp. 655-696

Wei Jiang, Hualin Wan and Shan Zhao

Dividends as Reference Points: A Behavioral Signaling Approach pp. 697-738

Malcolm Baker, Brock Mendel and Jeffrey Wurgler

The Fetal Origins Hypothesis in Finance: Prenatal Environment, the Gender Gap, and Investor Behavior pp. 739-786

Henrik Cronqvist, Alessandro Previtero, Stephan Siegel and Roderick E. White

Disclosure Standards and the Sensitivity of Returns to Mood pp. 787-822

Brian J. Bushee and Henry L. Friedman

Asset Pricing When Traders Sell Extreme Winners and Losers pp. 823-861

Li An

Volume 29, issue 2, 2016

Do Measures of Financial Constraints Measure Financial Constraints? pp. 271-308

Joan Farre-Mensa and Alexander Ljungqvist

Do U.S. Firms Hold More Cash than Foreign Firms Do? pp. 309-348

Lee Pinkowitz, René M. Stulz and Rohan Williamson

Enlarging the Contracting Space: Collateral Menus, Access to Credit, and Economic Activity pp. 349-383

Murillo Campello and Mauricio Larrain

Editor's Choice Who Facilitated Misreporting in Securitized Loans? pp. 384-419

John M. Griffin and Gonzalo Maturana

Who Should Pay for Credit Ratings and How? pp. 420-456

Anil Kashyap and Natalia Kovrijnykh

Does the Market Understand Rating Shopping? Predicting MBS Losses with Initial Yields pp. 457-485

Jie (Jack) He, Jun (Q. J.) Qian and Philip E. Strahan

Misinformed Speculators and Mispricing in the Housing Market pp. 486-522

Alex Chinco and Christopher Mayer

Volume 29, issue 1, 2016

The Cross-Section of Expected Returns: Where We Stand Today pp. 2-4

G. Karolyi

Editor's Choice … and the Cross-Section of Expected Returns pp. 5-68

Campbell R. Harvey, Yan Liu and Heqing Zhu

Dissecting Anomalies with a Five-Factor Model pp. 69-103

Eugene F. Fama and Kenneth French

A Taxonomy of Anomalies and Their Trading Costs pp. 104-147

Robert Novy-Marx and Mihail Velikov

Wage Rigidity: A Quantitative Solution to Several Asset Pricing Puzzles pp. 148-192

Jack Favilukis and Xiaoji Lin

Durable Goods, Inflation Risk, and Equilibrium Asset Prices pp. 193-231

Bjørn Eraker, Ivan Shaliastovich and Wenyu Wang

The Dynamics of Crises and the Equity Premium pp. 232-270

Nicole Branger, Holger Kraft and Christoph Meinerding