The pandemic of COVID-19 infections is causing substantial disruptions to daily life around the world. We are grateful to authors continuing to consider the RF as an outlet for their work during these disruptions. Our editors and referees reviewers are also affected by these disruptions.… Read more...
Message to Authors and Referees Regarding the COVID-19 Crisis Read More »
The lead article in Volume 23, Issue 6 of the Review of Finance is Governance Under the Gun: Spillover Effects of Hedge Fund Activism by Nickolay Gantchev, Oleg Gredil and Chotibhak Jotikasthira. This paper finds that the threat of hedge fund activism spurs non-targeted companies to improve profitability and valuations, increase payout, and reduce capital expenditure and cash holdings. … Read more...
Governance Under the Gun: Spillover Effects of Hedge Fund Activism Read More »
The Rewiew of Finance is delighted to announce the appointment of Marcin Kacperczyk as Editor for a three-year term starting in January 2020. He replaces Jules van Binsbergen whose term ends in December 2019. Jules has made superb contributions to the RF, not only in handling papers but also providing insights into broader journal strategy, and will continue in a new role of Advisory Editor after he steps down.… Read more...
Editorial Board Changes Read More »
The Managing Editor’s Report for 2018/9 is available here. Some highlights include:
Managing Editor’s Report for 2018/19 Read More »
The lead article in Volume 23, Issue 5 of the Review of Finance is Credit Market Competition and Liquidity Crises by Elena Carletti and Agnese Leonello. This paper finds that – contrary to common concerns – greater competition in the banking industry can reduce the risk of financial crises. … Read more...
Credit Market Competition and Liquidity Crises Read More »
The Review of Finance congratulates the following award winners:
Pagano/Zechner award for the best non-investments paper
Winner: Gene Amromin, Jennifer Huang, Clemens Sialm, Edward Zhong for Complex Mortgages (summary)
Runner-up: Han Kim, Ernst Maug, Christoph Schneider for Labor Representation in Governance as an Insurance Mechanisms (summary)
Finalists:
2018/9 Best Paper and Best Referee Awards Read More »
The lead article in Volume 23, Issue 4 of the Review of Finance is Are US Industries Becoming More Concentrated? by Gustavo Grullon, Yelena Larkin, and Roni Michaely. This paper finds that industry concentration has increased substantially in the US over the last two decades.… Read more...
Are US Industries Becoming More Concentrated? Read More »
The lead article in Volume 23, Issue 3 of the Review of Finance is Do Credit Default Swaps Mitigate the Impact of Credit Downgrades? by Sudheer Chava, Rohan Ganduri, and Chayawat Ornthanalai. When a firm’s debt is downgraded, its stock price falls, it subsequently raises less debt, and its cost of debt increases. … Read more...
Do Credit Default Swaps Mitigate the Impact of Credit Downgrades? Read More »
The Review of Finance has now added the option to suggest editors. The submission system contains a drop-down where you can make a selection (or choose “None Selected”). We will take author suggestions into account but are not always able to accommodate them due to factors such as workload, fit, and conflicts.… Read more...
Option to Suggest Editors Read More »
The lead article in Volume 23, Issue 2 of the Review of Finance is Labor and Capital Dynamics under Financing Frictions by Ryan Michaels, Beau Page, and Toni Whited. This paper uses a new quarterly panel dataset to examine how financing frictions affect firms’ investment and hiring decisions. … Read more...
Labor and Capital Dynamics Under Financing Frictions Read More »