Author name: Patricia Ponce

The term structure of equity yields—a bottom-up approach
David Schröder
Review of Finance, Volume 28, Issue 2, March 2024, Pages 661–697, https://doi.org/10.1093/rof/rfad036

This article proposes a new perspective on the market equity yield curve. Instead of treating the equity market as one single entity, we go one level deeper and consider the equity market as what it really is — a large market of many different individual equity shares.… Read more...

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Big broad banks: how does cross-selling affect lending?
Yingjie Qi
Review of Finance, Volume 28, Issue 2, March 2024, Pages 551–592, https://doi.org/10.1093/rof/rfad028

Cross-subsidization across multiple products is shown to increase equilibrium profit and reduce competition in the IO literature. This strategy has been documented in many industries, in which firms advertise a base price for a product and try to sell “add-ons” at high prices at the point of sale.… Read more...

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Securities law precedents, legal liability, and financial reporting quality
Benedikt Franke, Allen H Huang, Reeyarn Z Li, Hui Wang
Review of Finance, Volume 28, Issue 2, March 2024, Pages 413–445, https://doi.org/10.1093/rof/rfad032

Securities class actions are a major source of legal liability for US firms and should deter financial misreporting by increasing expected litigation costs for violating securities law.… Read more...

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