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The Review of Financial Studies

Volume 39 · Issue 1

Jan 1, 20267 articles

Are All ESG Funds Created Equal? Only Some Funds Are Committed

Michelle Lowry · Pingle Wang · Kelsey D Wei

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Jan 1, 2026pp. 79-113DOI: 10.1093/rfs/hhaf084 ↗

Dissecting Corporate Culture Using Generative AI

Kai Li · Feng Mai · Rui Shen · Chelsea Yang · Tengfei Zhang

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Jan 1, 2026pp. 253-296DOI: 10.1093/rfs/hhaf081 ↗

How Do Short-Term Incentives Affect Long-Term Productivity?

Heitor Almeida · Nuri Ersahin · Vyacheslav Fos · Rustom M Irani · Mathias Kronlund

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Jan 1, 2026pp. 114-157DOI: 10.1093/rfs/hhae064 ↗

Leaky Director Networks and Innovation Herding

Felipe Cabezon · Gerard Hoberg

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Jan 1, 2026pp. 158-197DOI: 10.1093/rfs/hhaf048 ↗

Regulating CEO Pay: Evidence from the Nonprofit Revitalization Act

Ilona Babenko · Benjamin Bennett · Rik Sen

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Jan 1, 2026pp. 198-252DOI: 10.1093/rfs/hhaf077 ↗

The Pace of Change: Socially Responsible Investing in Private Markets

Deeksha Gupta · Alexandr Kopytov · Jan Starmans

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Jan 1, 2026pp. 30-78DOI: 10.1093/rfs/hhaf083 ↗

Willingness to Pay for Carbon Mitigation: Field Evidence from the Market for Carbon Offsets

Matthias Rodemeier

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Jan 1, 2026pp. 1-29DOI: 10.1093/rfs/hhaf054 ↗