The Review of Corporate Finance Studies

2012 - 2024

Current editor(s): Andrew Ellul

From Society for Financial Studies
Bibliographic data for series maintained by Oxford University Press ().

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Volume 11, issue 4, 2022

Do Security Analysts Discipline Credit Rating Agencies? (Credit ratings accuracy and analyst incentives) pp. 815-848

Kingsley Fong, Harrison Hong, Marcin Kacperczyk and Jeffrey D Kubik

COVID-19 and Corporate Finance (The risk of being a fallen angel and the corporate dash for cash in the midst of COVID) pp. 849-879

Marco Pagano and Josef Zechner

Sharing R&D Risk in Healthcare via FDA Hedges (Bank lines of credit as contingent liquidity: Covenant violations and their implications) pp. 880-922

Adam Jørring, Andrew W Lo, Tomas Philipson, Manita Singh and Richard T Thakor

Disregarding the Shoulders of Giants: Inferences from Innovation Research (Innovation and institutional ownership) pp. 923-964

David M Reeb and Wanli Zhao

Volume 11, issue 3, 2022

Discrimination, Disparities, and Diversity in Finance pp. 457-464

Andrew Ellul, Isil Erel, Camelia Kuhnen and Uday Rajan

Does Homeownership Reduce Wealth Disparities for Low-Income and Minority Households? pp. 465-510

Ashleigh Eldemire, Kimberly F Luchtenberg and Matthew M Wynter

Hidden Performance: Salary History Bans and the Gender Pay Gap pp. 511-553

Jesse Davis, Paige Ouimet and Xinxin Wang

What’s Good for Women Is Good for Science: Evidence from the American Finance Association pp. 554-604

Renee Adams and Michelle Lowry

The Disparate Effect of Nudges on Minority Groups pp. 605-643

Maya Haran Rosen and Orly Sade

Determinants of LGBTQ+ Corporate Policies pp. 644-693

Tanja Artiga Gonzalez, Paul Calluzzo, G Nathan Dong and Georg Granic

Social Change through Financial Innovation: Evidence from Donor-Advised Funds pp. 694-735

Jillian Grennan

Culture, Lending Relationships, and the Cost of Credit pp. 736-774

Giorgio Albareto, Maddalena Galardo, Paolo EmilioMistrulli and Bianca Sorvillo

Racial Disparities in Mortgage Lending: New Evidence Based on Processing Time pp. 775-813

Bin Wei and Feng Zhao

Volume 11, issue 2, 2022

P2P Lenders versus Banks: Cream Skimming or Bottom Fishing? (Loan officer incentives, internal rating models and default rates) pp. 213-262

Calebe de Roure, Loriana Pelizzon and Anjan Thakor

Are Directors Rewarded for Excellence? Evidence from Reputation Shocks and Career Outcomes (A theory of friendly boards) pp. 263-313

Mark A Chen, Hai Tran, Qinxi Wu and Evgenia Zhivotova

Optimal Capital Structure with Imperfect Competition (Anatomy of financial distress: An examination of junk-bond issuers) pp. 314-363

Egor Matveyev and Alexei Zhdanov

Do Ex-Bankers Benefit Nonfinancial Firms? Evidence from Job Transitions (Loan prospecting and the loss of soft information) pp. 364-413

Lucy Chernykh and Sergey Mityakov

Shadow Insurance? Money Market Fund Investors and Bank Sponsorship (Do global banks spread global imbalances? Asset-backed commercial paper during the financial crisis of 2007–09) pp. 414-456

Stefan Jacewitz, Haluk Unal and Chengjun Wu

Volume 11, issue 1, 2022

The Wisdom of Crowds in FinTech: Evidence from Initial Coin Offerings pp. 1-46

Jongsub Lee, Tao Li and Donghwa Shin

The Effect of Taxation on Corporate Financing and Investment pp. 47-87

Hong Chen and Murray Z Frank

How Do Capital Requirements Affect Loan Rates? Evidence from High Volatility Commercial Real Estate* pp. 88-127

David Glancy and Robert Kurtzman

Golden Handcuffs and Corporate Innovation: Evidence from Defined Benefit Pension Plans pp. 128-168

Huu Nhan Duong, Bin Qiu and S Ghon Rhee

Seed-Stage Success and Growth of Angel Co-investment Networks* pp. 169-210

Buvaneshwaran Venugopal and Vijay Yerramilli

Volume 10, issue 4, 2021

Public Firm Borrowers of the U.S. Paycheck Protection Program (The risk of being a fallen angel and the corporate dash for cash in the midst of COVID) pp. 641-693

Anna Cororaton and Samuel Rosen

Private Equity and the Resolution of Financial Distress (Does industry-wide distress affect defaulted firms?) pp. 694-747

Edith S Hotchkiss, David C Smith and Per Strömberg

Investor Rewards to Climate Responsibility: Stock-Price Responses to the Opposite Shocks of the 2016 and 2020 U.S. Elections (Asset pricing with liquidity risk) pp. 748-787

Stefano Ramelli, Alexander Wagner, Richard Zeckhauser and Alexandre Ziegler

How Are Bankers Paid? (The dark side of liquidity creation: Leverage and systemic risk) pp. 788-812

Benjamin Bennett, Radhakrishnan Gopalan and Anjan Thakor

Effect of the Equity Capital Ratio on the Relationship between Competition and Bank Risk-Taking Behavior (Liquidity and leverage) pp. 813-855

Jia Hao and Kuncheng Zheng

Stock Market Information and Innovative Investment in the Supply Chain (Corporate equity ownership, strategic alliances, and product market relationships) pp. 856-894

Lantian Liang, Ryan Williams and Steven Chong Xiao

Volume 10, issue 3, 2021

Skilled Labor Risk and Corporate Policies (The growth of low skill service jobs and the polarization of the U.S. labor market) pp. 437-472

Yue Qiu and Tracy Yue Wang

Short-termism, Managerial Talent, and Firm Value (Seeking alpha: Excess risk taking and competition for managerial talent) pp. 473-512

Richard Thakor

Staggered Boards and the Value of Voting Rights (One share-one vote: The empirical evidence) pp. 513-550

Oğuzhan Karakas and Mahdi Mohseni

Common Ownership and Corporate Social Responsibility (Connected stocks) pp. 551-577

Xin Dai and Yue Qiu

Dividends versus Stock Repurchases and Long-Run Stock Returns under Heterogeneous Beliefs (A theory of dividends based on tax clienteles) pp. 578-632

Onur Bayar, Thomas Chemmanur and Mark H Liu

Volume 10, issue 2, 2021

Wages and Firm Performance: Evidence from the 2008 Financial Crisis (The effect of wage bargains on the stock market value of the firm) pp. 273-305

Paige Ouimet and Elena Simintzi

Hard Marriage with Heavy Burdens: Organized Labor as Takeover Deterrents (Length of service and layoffs in union and non-union work groups) pp. 306-346

Xuan Tian and Wenyu Wang

Rethinking the Use of Credit Ratings in Capital Regulations: Evidence From the Insurance Industry (Causes of the financial crisis) pp. 347-401

Kathleen Weiss Hanley and Stanislava (Stas) Nikolova

Brand Equity, Earnings Management, and Financial Reporting Irregularities (Measuring brand equity across products and markets) pp. 402-435

Ghada M Ismail, Fariz Huseynov, Pankaj K Jain and Thomas H McInish

Volume 10, issue 1, 2021

Institutional Investors and Hedge Fund Activism pp. 1-43

Simi Kedia, Laura T. Starks and Xianjue Wang

Competition for Flow and Short-Termism in Activism pp. 44-81

Mike Burkart and Amil Dasgupta

Information Bias in the Proxy Advisory Market pp. 82-135

Shichao Ma and Yan Xiong

Proxy Advisory Firms, Governance, Market Failure, and Regulation pp. 136-157

Chester S. Spatt

Short-Selling Bans and Bank Stability pp. 158-187

Alessandro Beber, Daniela Fabbri, Marco Pagano and Saverio Simonelli

Efficient Programs to Support Businesses During and After Lockdowns* pp. 188-203

Thomas Philippon

Crisis Poison Pills* pp. 204-251

Ofer Eldar and Michael D. Wittry

The Annual Report of the Society for Financial Studies for 2019–2020 pp. 252-271

Kalok Chan, Andrew Ellul, Itay Goldstein, Craig Holden, Monika Piazzesi and Jeffrey Pontiff

Volume 9, issue 3, 2020

The COVID-19 Pandemic Crisis and Corporate Finance pp. 421-429

Andrew Ellul, Isil Erel and Uday Rajan

The Risk of Being a Fallen Angel and the Corporate Dash for Cash in the Midst of COVID pp. 430-471

Viral Acharya and Sascha Steffen

Banks as Lenders of First Resort: Evidence from the COVID-19 Crisis pp. 472-500

Lei Li, Philip E Strahan and Song Zhang

How Did COVID-19 Affect Firms’ Access to Public Capital Markets?* pp. 501-533

Michael Halling, Jin Yu and Josef Zechner

The COVID-19 Shock and Equity Shortfall: Firm-Level Evidence from Italy pp. 534-568

Elena Carletti, Tommaso Oliviero, Marco Pagano, Loriana Pelizzon and Marti G Subrahmanyam

Identifying the Real Effects of Zombie Lending pp. 569-592

Fabiano Schivardi, Enrico Sette and Guido Tabellini

Resiliency of Environmental and Social Stocks: An Analysis of the Exogenous COVID-19 Market Crash pp. 593-621

Rui Albuquerque, Yrjo Koskinen, Shuai Yang and Chendi Zhang

Feverish Stock Price Reactions to COVID-19* pp. 622-655

Stefano Ramelli and Alexander Wagner

The Macroeconomics of Corporate Debt pp. 656-665

Markus Brunnermeier and Arvind Krishnamurthy

Volume 9, issue 2, 2020

Banks’ Noninterest Income and Systemic Risk (A theory of systemic risk and design of prudential bank regulation) pp. 229-255

Markus Brunnermeier, Gang Nathan Dong and Darius Palia

Managerial Attributes, Incentives, and Performance (High wage workers and high wage firms) pp. 256-301

Jeffrey Coles and Zhichuan (Frank) Li

How Do Executives Exercise Their Stock Options?* (Are executive stock option exercises driven by private information?) pp. 302-339

Daniel Klein and Ernst Maug

Corporate Innovation and Returns (Last-in first-out oligopoly dynamics) pp. 340-383

Jan Bena and Lorenzo Garlappi

Tournament Incentives and Acquisition Performance (Powerful CEOs and their impact on firm performance) pp. 384-419

Iftekhar Hasan, Marco Navone, Thomas To and Eliza Wu

Volume 9, issue 1, 2020

How Do Laws and Institutions Affect Recovery Rates for Collateral? pp. 1-43

Hans Degryse, Vasso Ioannidou, José María Liberti and Jason Sturgess

Tough Love: The Effects of Debt Contract Design on Firms’ Performance pp. 44-80

Ioannis Spyridopoulos

The Mutual Friend: Dual Holder Monitoring and Firm Investment Efficiency pp. 81-115

Miguel Antón and Luca Lin

Cross-Country Competitive Effects of Cross-Listings pp. 116-164

Sergei Sarkissian and Yan Wang

Corporate Inversions: Going beyond Tax Incentives pp. 165-206

Burcin Col, Rose Liao and Stefan Zeume

Annual Report of the Society for Financial Studies for 2018–2019 pp. 207-226

Andrew Ellul, Itay Goldstein, Craig Holden, Ron Masulis, Jeffrey Pontiff and Antoinette Schoar