The lead article in Volume 22, Issue 2 of the Review of Finance is Corporate Credit Risk Premia by Antje Berndt, Rohan Douglas, Darrell Duffie and Mark Ferguson. This paper shows that corporate credit risk premia vary substantially both over time and between bonds.… Read more...
(This post is thanks to Editor Thorsten Beck)
The lead article in Volume 22, issue 1 of the Review of Finance is “ECB Policies Involving Government Bond Purchases: Impact and Channels” by Arvind Krishnamurthy, Stefan Nagel and Annette Vissing-Jorgensen.… Read more...
(This post is thanks to Editor Thorsten Beck)
The lead article in Volume 21, issue 6 of the Review of Finance is “Bank Exposures and Sovereign Stress Transmission” by Carlo Altavilla, Marco Pagano and Saverio Simonelli. The link between sovereign and bank distress has been at the core of the Eurozone crisis, and several papers have addressed the causes of banks’ concentration on domestic sovereign bonds and the repercussions of this concentration for banks’ lending activity and for the real economy.… Read more...
The lead article in Volume 21, Issue 5 of the Review of Finance is “How Important Are Risk-Taking Incentives in Executive Compensation?” by Ingolf Dittmann of Erasmus University Rotterdam, Ko-Chia Yu of National Chung Cheng University, and Dan Zhang of BI Norwegian Business School.… Read more...
The lead article in Volume 21, Issue 4 of the Review of Finance is “What Are the Best Liquidity Proxies for Global Research?” by Kingsley Fong of the University of New South Wales and Craig Holden and Charles Trzcinka of Indiana University.… Read more...
The lead article in Volume 21, Issue 3 of the Review of Finance is “Macro-Finance” by John Cochrane of Stanford. This is an excellent review of recent advances and future research directions on a major asset pricing topic – macro-finance – written in a clear way accessible to those outside the asset pricing literature (such as me).… Read more...
The lead article in Volume 21, Issue 2 of the Review of Finance is “Credit Ratings Across Asset Classes: A Long-Term Perspective” by Jess Cornaggia and Kimberly Cornaggia of Penn State, and John Hund of Georgia.
Credit ratings are a critical feature of bond markets.… Read more...
This post launches the Managing Editors’ blog, where we summarize the lead article of each issue in a non-technical manner. The intended audience for this blog is not just non-academics, but also academics outside the particular literature to which the paper contributes.… Read more...