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The Review of Financial Studies

Volume 36 · Issue 5

Apr 20, 202310 articles

Disloyal Managers and Shareholders’ Wealth

Eliezer M Fich · Jarrad Harford · Anh L Tran

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Apr 20, 2023pp. 1837-1888DOI: 10.1093/rfs/hhac070 ↗

Do Cash Windfalls Affect Wages? Evidence from R&D Grants to Small Firms

Sabrina T Howell · J David Brown

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Apr 20, 2023pp. 1889-1929DOI: 10.1093/rfs/hhac076 ↗

Do Investors Care about Impact?

Florian Heeb · Julian F Kölbel · Falko Paetzold · Stefan Zeisberger

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Apr 20, 2023pp. 1737-1787DOI: 10.1093/rfs/hhac066 ↗

Illiquidity and Higher Cumulants

Sergei Glebkin · Semyon Malamud · Alberto Teguia

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Apr 20, 2023pp. 2131-2173DOI: 10.1093/rfs/hhac069 ↗

Intellectual Property Rights and Debt Financing

Paula Suh

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Apr 20, 2023pp. 1970-2003DOI: 10.1093/rfs/hhac067 ↗

Macroprudential Policy with Liquidity Panics

Daniel Garcia-Macia · Alonso Villacorta

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Apr 20, 2023pp. 2046-2090DOI: 10.1093/rfs/hhac071 ↗

Product Innovation and Credit Market Disruptions

João Granja · Sara Moreira

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Apr 20, 2023pp. 1930-1969DOI: 10.1093/rfs/hhac064 ↗

Rating Agency Fees: Pay to Play in Public Finance?

Jess Cornaggia · Kimberly J Cornaggia · Ryan Israelsen

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Apr 20, 2023pp. 2004-2045DOI: 10.1093/rfs/hhac073 ↗

The Demand for Money, Near-Money, and Treasury Bonds

Arvind Krishnamurthy · Wenhao Li

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Apr 20, 2023pp. 2091-2130DOI: 10.1093/rfs/hhac074 ↗

Why Do Boards Exist? Governance Design in the Absence of Corporate Law

Mike Burkart · Salvatore Miglietta · Charlotte Ostergaard

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Apr 20, 2023pp. 1788-1836DOI: 10.1093/rfs/hhac072 ↗