Georgy Chabakauri, Vyacheslav Fos, Wei Jiang
Review of Finance, Volume 30, Issue 3, May 2026, Pages 921–948, https://doi.org/10.1093/rof/rfaf065
All major securities markets have developed laws, rules, and systems that regulate trades by insiders and their affiliates who have privileged access to material nonpublic information, and criminalize insider trades that are based on, or misappropriate, such information.… Read more...
We are pleased to announce that Issue 3 of Volume 30 of the Review of Finance is now available.
Issue 3 of Volume 30 of the Review of Finance is now available! Read More »
Kartik Anand, Chanelle Duley, Prasanna Gai
Review of Finance, Volume 30, Issue 3, May 2026, Pages 1109–1150, https://doi.org/10.1093/rof/rfaf079
Cyber risks have emerged as a major threat to financial stability, with recent incidents demonstrating how cyberattacks can disrupt critical market infrastructure.… Read more...
Cybersecurity and financial stability Read More »
Matthieu Chavaz, David Elliott
Review of Finance, Volume 30, Issue 3, May 2026, Pages 1071–1108, https://doi.org/10.1093/rof/rfaf071
Whether banks’ retail and investment banking activities should be separated has been debated since at least the Glass-Steagall Act of 1933. In the US and Japan, banks must split these activities into separate subsidiaries, whereas European and Canadian banking groups can operate as integrated “universal” banks.… Read more...
Olga Balakina, Claes Bäckman, Andreas Hackethal, Tobin Hanspal, Dominique M Lammer
Review of Finance, Volume 30, Issue 3, May 2026, Pages 1029–1069, https://doi.org/10.1093/rof/rfaf077
Family and friends are important sources of advice, including for financial decisions. Recent survey data indicate that 25 percent of surveyed investors rely on information `somewhat’ or `a great deal’ from friends, family, and colleagues when forming investment decisions, comparable to the reliance on financial advisors (27 percent) and significantly higher than information from social media (12 percent).… Read more...
Personal financial advice and portfolio quality Read More »
Irem Erten, Ioana Neam?u, John Thanassoulis
Review of Finance, Volume 30, Issue 3, May 2026, Pages 995–1028, https://doi.org/10.1093/rof/rfaf076
We study the impact of ring-fencing on bank riskiness using short-term money markets. Ring-fencing is when the government restricts some banking activities to a subsidiary of the group whilst restricting intra-group transfers.… Read more...
The ring-fencing bonus Read More »
Harish Kamal, Samit Paul, Avijit Bansal
Review of Finance, Volume 30, Issue 3, May 2026, Pages 949–994, https://doi.org/10.1093/rof/rfaf073
The increasing frequency and severity of climate-related shocks is one of the most important challenges we face today, as it significantly impacts economic outcomes.… Read more...
Does an exclusive relationship with government banks matter during a climate shock? Read More »
Benjamin Bennett, Isil Erel, Léa Stern, Zexi Wang
Review of Finance, Volume 30, Issue 3, May 2026, Pages 887–919, https://doi.org/10.1093/rof/rfaf072
Policymakers often debate paid family leave (PFL) as a social policy, but for firms it also poses an economic puzzle.… Read more...
Paid leave pays off: the effects of paid family leave on firm performance Read More »
Pat Akey, Stefan Lewellen, Inessa Liskovich, Christoph Schiller
Review of Finance, Volume 30, Issue 3, May 2026, Pages 795–862, https://doi.org/10.1093/rof/rfag009
Firms rely heavily on intangible capital, including reputational capital, yet little research explores how they respond to its destruction. This paper examines three key questions: (1) Which stakeholders react to reputation-damaging events?… Read more...
Hacking corporate reputations Read More »
We are pleased to announce that Issue 2 of Volume 30 of the Review of Finance is now available.
Issue 2 of Volume 30 of the Review of Finance is now available! Read More »