Executive Compensation and Risk Taking
Patrick Bolton, Hamid Mehran, Joel Shapiro
Review of Finance, Volume 19, Issue 6, October 2015, Pages 2139–2181, https://doi.org/10.1093/rof/rfu049
Since before the financial crisis, excess risk-taking at highly levered financial institutions has been a large concern.… Read more...
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“In the Path of the Storm: Does Distress Risk Cause Industrial Firms to Risk-Shift?
Kevin Aretz, Shantanu Banerjee, Oksana Pryshchepa
Review of Finance, Volume 23, Issue 6, October 2019, Pages 1115–1154, https://doi.org/10.1093/rof/rfy028>
Moderately-distressed industrial firms risk-shift upon being hit by a hurricane strike by investing into high-risk, low-value segments.… Read more...
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“Forgive but Not Forget”: The Behavior of Relationship Banks When Firms Are in Distress
Larissa Schäfer
Review of Finance, Volume 23, Issue 6, October 2019, Pages 1079–1114, https://doi.org/10.1093/rof/rfy031
Relationship lending constitutes one of the most important comparative advantages of bank lending to firms.… Read more...
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Governance under the Gun: Spillover Effects of Hedge Fund Activism (Editor’s choice)
Nickolay Gantchev, Oleg R Gredil, Chotibhak Jotikasthira
Review of Finance, Volume 23, Issue 6, October 2019, Pages 1031–1068, https://doi.org/10.1093/rof/rfy035
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 R Gredil, Chotibhak Jotikasthira.… Read more...
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Stefan Avdjiev, El?d Takáts
Review of Finance, Volume 23, Issue 5, September 2019, Pages 993–1029, https://doi.org/10.1093/rof/rfy030
We demonstrate that currency networks in cross-border bank lending have a significant impact on the size, distribution and direction of international monetary policy spillovers.… Read more...
Social Norms and Household Savings Rates in China
Yvonne Jie Chen, Zhiwu Chen, Shijun He
Review of Finance, Volume 23, Issue 5, September 2019, Pages 961–991, https://doi.org/10.1093/rof/rfy029
Can social norms affect households’ savings behaviors? Research findings in Social Norms and Household Savings Rates in China suggest that the filial piety social norms, which argue that children have unconditional obligations to their elderly parents, make households save less.… Read more...
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Collective Action and Governance Activism
Craig Doidge, Alexander Dyck, Hamed Mahmudi, Aazam Virani
Review of Finance, Volume 23, Issue 5, September 2019, Pages 893–933, https://doi.org/10.1093/rof/rfz008
Institutional investors collectively account for the majority of ownership of many firms but individually hold fractional stakes in any given firm.… Read more...
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How Does Learning and Education Help to Overcome the Disposition Effect?
Tarvo Vaarmets, Kristjan Liivamägi, Tõnn Talpsepp
Review of Finance, Volume 23, Issue 4, July 2019, Pages 801–830,https://doi.org/10.1093/rof/rfy006
The ability of investors to learn from their own mistakes is an important factor that can help prevent them taking short-sighted or biased investment decisions.… Read more...
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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...
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The Transmission of Bank Liquidity Shocks: Evidence from House Prices
H Özlem Dursun-de Neef
Review of Finance, Volume 23, Issue 3, May 2019, Pages 629–658, https://doi.org/10.1093/rof/rfy001
The financial crisis of 2007-2009 led to a negative liquidity shock that affected many banks.… Read more...
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