Author name: Patricia Ponce

Haoyu Gao, Yuting Huang, and Jingyuan Mo
Review of Finance, Volume 30, Issue 1, January 2026, Pages 163–192, https://doi.org/10.1093/rof/rfaf067

In private debt markets, banks mitigate agency conflicts by actively screening and monitoring borrowers. In contrast, dispersed bondholders in public debt markets face significant information asymmetry and lack the incentives and capacity to do so, leaving investors vulnerable to issuer opportunism.… Read more...

Teng Liu, Brook Constantz, Galina Hale, and Michael W Beck
Review of Finance, Volume 30, Issue 1, January 2026, Pages 87–129, https://doi.org/10.1093/rof/rfaf061

Climate change is no longer a distant threat. Extreme weather events, such as hurricanes and floods, are becoming more frequent and more severe.… Read more...

Snorre Gjerde, Zacharias Sautner, Alexander F Wagner, and Alexis Wegerich
Review of Finance, Volume 30, Issue 1, January 2026, Pages 11–42, https://doi.org/10.1093/rof/rfaf050

The loss of natural capital, biodiversity, and ecosystem services is one of the major crises facing humanity. Nature loss can affect companies either directly in their operations or indirectly through their supply chains.… Read more...

Anna Maria C Menichini, and Maria Grazia Romano
Review of Finance, Volume 29, Issue 6, November 2025, Pages 1871–1907, https://doi.org/10.1093/rof/rfaf039

Leasing is widely used across capital-intensive industries and accounts for a large share of equipment and software financing in both the US and EU. … Read more...

Xiaoqiao Wang, Jing Xie, Bohui Zhang, and Xiaofeng Zhao
Review of Finance, Volume 29, Issue 6, November 2025, Pages 1833–1870, https://doi.org/10.1093/rof/rfaf044

Can a Simple Nudge Change Corporate Payout Policy?

Conventional wisdom holds that a firm’s dividend policy is a carefully calculated, stable decision reflecting deep strategic intent.… Read more...

Iñaki Aldasoro, Sebastian Doerr, and Haonan Zhou
Review of Finance, Volume 29, Issue 6, November 2025, Pages 1809–1832, https://doi.org/10.1093/rof/rfaf043

The paper investigates the behavior of non-bank financial institutions (non-banks) in syndicated lending during financial crises, particularly in comparison to banks.… Read more...