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 »
Jan Müller-Dethard, Niklas Reinhardt, and Martin Weber
Review of Finance, Volume 29, Issue 5, September 2025, Pages 1467–1495, https://doi.org/10.1093/rof/rfaf031
It is a long-standing fact that households mostly consume and rarely reinvest dividends. Among representative brokerage clients of one of Germany’s largest banks, we find the opposite: 80% reinvestments, 12% consumption.… Read more...
Reinvesting or Consuming Dividends: Account Structure Matters Read More »
Christoph Merkle, Michael Ungeheuer
Review of Finance, Volume 29, Issue 5, September 2025, Pages 1397–1436, https://doi.org/10.1093/rof/rfaf028
Our study examines how investors perceive the sensitivity of their stock portfolios to overall market movements—commonly measured by market beta—using data from four large-scale online experiments.… Read more...
Beliefs about beta: upside participation and downside protection Read More »
Anurag A Mehrotra, Adam D Nowak, and Patrick S Smith
Review of Finance, Volume 29, Issue 5, September 2025, Pages 1369–1395, https://doi.org/10.1093/rof/rfaf038
This paper tests for a principal-agent conflict in mortgage markets by examining the effect of securitization on servicers’ choice of asset liquidation channels: short sale versus real estate owned (REO).… Read more...
The effect of mortgage securitization on asset liquidation decisions Read More »
Tarun Ramadorai, Antoine Uettwiller, and Ansgar Walther
Review of Finance, Volume 29, Issue 5, September 2025, Pages 1337–1367, https://doi.org/10.1093/rof/rfaf017
In this paper, we examine the heterogeneity in firms’ data extraction practices and privacy policies using a comprehensive dataset covering over 5,000 U.S.… Read more...
Privacy policies and consumer data extraction: evidence from US firms Read More »
Lin William Cong, Yuanyu Qu, and Guojun Wang
Review of Finance, Volume 29, Issue 5, September 2025, Pages 1303–1336, https://doi.org/10.1093/rof/rfaf033
Environmental monitoring faces data manipulation issues, undermining protection efforts. Blockchain technology offers a solution with its tamper-proof nature, enhancing data reliability.… Read more...
Blockchains for environmental monitoring: theory and empirical evidence from China Read More »
We are pleased to announce that Issue 5 of Volume 29 of the Review of Finance is now available.
To access the complete issue, please click here.… Read more...
Issue 5 of Volume 29 of the Review of Finance is now available! 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.
2024/25 Best Paper and Best Referee Awards Read More »
The Managing Editor’s Report for 2024/25 is available here. Some highlights include:
Managing Editor’s Report 2024/25 Read More »
We are pleased to announce that Issue 4 of Volume 29 of the Review of Finance is now available.
Issue 4 is now available! Read More »