Effective 1 October 2024, all accepted papers in the Review of Finance must include alternative text (alt text) for every image or figure. Alt text is essential for making visual elements accessible to readers who may be blind, visually impaired, or using screen readers and other assistive technologies.… Read more...
Alt Text Requirement for Published Papers Read More »
We are pleased to announce that Volume 28, Issue 5 of the Review of Finance is now available. Below, you will find a list of the articles included in this issue.
The labor effects of R&D tax incentives: evidence from VC-backed startups
by Jun Chen and Shenje Hshieh
Do private firms (mis)learn from the stock market?… Read more...
New issue: Volume 28, Issue 5 of the Review of Finance is now available Read More »
Michael D Eriksen, Chun Kuang, Wenyu Zhu
Review of Finance, Volume 28, Issue 5, September 2024, Pages 1663–1686, https://doi.org/10.1093/rof/rfad041
We identify a specific channel through which appraisers introduce bias in the estimated values of some individual properties. Virtually all appraisers of residential property are required to first select comparable transactions (or “comps”) of properties with similar attributes, then document differences in attributes between the subject property and selected comps to reach their opinion of value.… Read more...
Attribute misreporting and appraisal bias Read More »
Roni Michaely, Guillem Ordonez-Calafi, Silvina Rubio
Review of Finance, Volume 28, Issue 5, September 2024, Pages 1575–1610, https://doi.org/10.1093/rof/rfae017
We uncover strategic voting behavior by some Environmental and Social (ES) funds that significantly decreases support for ES proposals when their votes are likely to be pivotal.… Read more...
Mutual funds’ strategic voting on environmental and social issues Read More »
Dong Yan
Review of Finance, Volume 28, Issue 5, September 2024, Pages 1483–1511, https://doi.org/10.1093/rof/rfae020
Whether the stock market affects real efficiency through its role of producing and aggregating information has been a central question for financial economists. In this paper, I show that information contained in stock prices has real effects on private firms, a significant yet often overlooked part of the economy, even without listing their shares. … Read more...
Do private firms (mis)learn from the stock market? Read More »
The Review of Finance congratulates the award winners for the Pagano/Zechner Prize for best non-investments, for the IQAM Prize for the best investments paper, and for the Best Referee Award.
2023/24 Best Paper and Best Referee Awards Read More »
The Managing Editor’s Report for 2023/24 is available here. Some highlights include:
Managing Editor’s Report 2023/24 Read More »
We are pleased to announce that Volume 28, Issue 4 of the Review of Finance is now available. Below, you will find a list of the articles included in this issue.
Do investors care about biodiversity? (Summary here)
by Alexandre Garel, Arthur Romec, Zacharias Sautner and Alexander F.… Read more...
New issue: Volume 28, Issue 4 of the Review of Finance is now available Read More »
Fabrizio Core
Review of Finance, Volume 28, Issue 4, July 2024, Pages 1383–1418, https://doi.org/10.1093/rof/rfae014
This paper documents the existence of an intensive margin of the gender gap in innovative entrepreneurship in Italy. I document that, compared to men, not only do fewer women select into innovative entrepreneurship, but those who do hold less equity, make smaller investments, and are less likely to assume executive roles.… Read more...
Female innovative entrepreneurship and maternity risk Read More »
Nikolaus Hautsch, Christoph Scheuch, Stefan Voigt
Review of Finance, Volume 28, Issue 4, July 2024, Pages 1345–1381, https://doi.org/10.1093/rof/rfae004
This paper examines the impact of counterparty risk and settlement latency on the trading of blockchain-based assets in the context of centralized exchanges (CEX).… Read more...
Building Trust Takes Time: Limits to Arbitrage for Blockchain-Based Assets Read More »