2025

We are pleased to announce that Issue 2 of Volume 29 of the Review of Finance is now available.

Contents:

  1. What drives commodity price variation? (Summary here)
    by Meng Han, Lammertjan Dam, Walter Pohl
  2. Corporate Governance, Meritocracy and Careers (Summary here)
    by Marco Pagano and Luca Picariello
  3. Supervisory cooperation and regulatory arbitrage
    by Thorsten Beck, Consuelo Silva-Buston, Wolf Wagner
  4. Bank Regulation, Investment, and Capital Requirements Under Adverse Selection
    by Thomas J Rivera
  5. A Good Sketch is Better than A Long Speech: Evaluate Delinquency Risk through Real-Time Video Analysis
    by Xiangyu Chang, Lili Dai, Lingbing Feng, Jianlei Han, Jing Shi, Bohui Zhang
  6. Saving Externality: When Depositing Too Much Breaks the Bank (Summary here)
    by Agnese Leonello, Caterina Mendicino, Ettore Panetti, Davide Porcellacchia
  7. How do corporate tax hikes affect investment allocation within multinationals?
… Read more...

Issue 2 of Volume 29 of the Review of Finance is now available! Read More »

Antonio De Vito, Martin Jacob, Dirk Schindler, Guosong Xu
Review of Finance, Volume 29, Issue 2, March 2025, Pages 531–565, https://doi.org/10.1093/rof/rfaf006

This paper studies how corporate tax hikes transmit across countries through multinationals’ internal networks of subsidiaries. Prior theoretical models of tax competition suggest that the investment of a multinational in one country should increase if the business unit is exposed to a foreign corporate tax hike.… Read more...

How do corporate tax hikes affect investment allocation within multinationals? Read More »

Agnese Leonello, Caterina Mendicino, Ettore Panetti, Davide Porcellacchia
Review of Finance, Volume 29, Issue 2, March 2025, Pages 501–530, https://doi.org/10.1093/rof/rfae045

In recent years, banks have experienced unprecedented growth in deposits, particularly during the COVID-19 pandemic. In the U.S., total bank deposits as a percentage of GDP surged by around 15 percentage points in the first quarter of 2020, while the Euro Area saw an increase of approximately 20 percentage points.… Read more...

Saving Externality: When Depositing Too Much Breaks the Bank Read More »

Marco Pagano and Luca Picariello
Review of Finance, Volume 29, Issue 2, March 2025, Pages 349–379, https://doi.org/10.1093/rof/rfae042

This paper explores the impact of corporate governance standards on firms’ hiring and promotion policies, focusing on meritocracy versus power retention by entrepreneurs. Effective corporate governance can influence firms to adopt meritocratic practices, promoting skilled employees based on merit rather than favoritism.… Read more...

Corporate Governance, Meritocracy and Careers Read More »

We are pleased to announce that Issue 1 of Volume 29 of the Review of Finance is now available.

Contents:

  1. Liquidity and the strategic value of information (Summary here)
    by Ohad Kadan and Asaf Manela
  2. Securities financing and asset markets: new evidence (Summary here)
    by Tomas Breach and Thomas B King
  3. Trust and delegated investing: a Money Doctors experiment
    by Maximilian Germann, Lukas Mertes, Martin Weber, and Benjamin Loos
  4. Tradable Risk Factors for Institutional and Retail Investors (Summary here)
    by Andreas Johansson, Riccardo Sabbatucci, and Andrea Tamoni
  5. Margin constraints and asset prices
    by Jungkyu Ahn
  6. Credit ratings: strategic issuer disclosure and optimal screening
    by Jonathan B Cohn, Uday Rajan, and Günter Strobl
  7. Large orders in small markets: execution with endogenous liquidity supply (Summary here)
    by Agostino Capponi, Albert J.
… Read more...

New year, new issue! Issue 1 of Volume 29 of the Review of Finance is now available Read More »

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