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...
Financial value of nature: coastal housing markets, mangroves, and climate resilience 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...
Corporate nature risk perceptions Read More »
We are pleased to announce that Issue 6 of Volume 29 of the Review of Finance is now available.
To access the complete issue, please click here.… Read more...
Issue 6 of Volume 29 of the Review of Finance is now available! 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...
Secured lending versus leasing: the role of asset management in capital structure 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...
Investor communication and payout policy: a field experiment 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...
Non-bank lending during crises Read More »
Marianne Andries, Thomas M Eisenbach, R Jay Kahn, and Martin C Schmalz
Review of Finance, Volume 29, Issue 6, November 2025, Pages 1699–1720, https://doi.org/10.1093/rof/rfaf029
The risks facing investors have a rich term structure with some risks relevant at shorter maturities and other risks relevant at longer maturities.… Read more...
The term structure of the price of variance risk Read More »
Jan Bena and Elena Simintzi
Review of Finance, Volume 29, Issue 6, November 2025, Pages 1619–1661, https://doi.org/10.1093/rof/rfaf040
China’s economic opening transformed global production, with far-reaching consequences for the U.S. economy. While the literature has emphasized the impact of import competition from China on the U.S.… Read more...
Machines could not compete with Chinese labor: evidence from US firms’ innovation Read More »
Charlton “Eli” Freeman, and William Skimmyhorn
Review of Finance, Volume 29, Issue 5, September 2025, Pages 1587–1618, https://doi.org/10.1093/rof/rfaf027
Effectively saving for retirement requires workers to coordinate savings across different accounts (e.g., Social Security, IRAs, defined contribution plans) and to select appropriate contribution rates, tasks for which they may not be prepared.… Read more...
Kim Fe Cramer
Review of Finance, Volume 29, Issue 5, September 2025, Pages 1497–1535, https://doi.org/10.1093/rof/rfaf032
What are the general equilibrium effects of banks on households? Previous research has focused on labor markets. Banks extend credit to firms, thereby fostering economic activity and employment.… Read more...
Bank presence and health Read More »