JOURNAL OF BANKING AND FINANCE

Editorial Board
Editors: G. Bekaert
C.O. Alexander Columbia University, New York,
University of Sussex, Brighton, England, UK NY, USA
Advisory Board:
G.M. Constantinides K.R. French F. Moshirian
University of Chicago, Chicago, Dartmouth College, Hanover, University of New South Wales,
IL, USA NH, USA Sydney, NSW, Australia
R. Engle C.M. James R.W. Roll
New York University, New York, University of Florida, Gainesville, University of California at Los Angeles,
NY, USA FL, USA Los Angeles, CA, USA
Associate Editors:
L.F. Ackert R. Gopalan L. Renneboog
Kennesaw State University, GA, USA Washington University, MO, USA Universiteit van Tilburg, Netherlands
R. Albuquerque M. Gordy M. Rhodes-Kropf
Boston University, Boston, MA, USA Federal Reserve System, Washington, DC, USA Harvard, MA, USA
C. Almeida M. Grasselli P. Roosenboom
Fundação Getulio Vargas, Rio de Janeiro, Brazil Fields Institute, Toronto, Canada Erasmus Universiteit, Rotterdam, Netherlands
S.C. Andrade M. Guidolin J.M. Sarabia
University of Miami, FL, USA Bocconi University, Italy University of Cantabria, Spain
O. ap Gwilym D. Hackbarth
L. Sarno
Bangor University, UK Boston College, MA, USA
City University London, London, UK
T. Bali T.J. Hendershott
Georgetown University, Washington, DC., USA O. Scaillet
University of California, Berkeley, CA, USA
Université de Genève and Swiss Finance
S. Bartram T. Hens Institute, Switzerland
Warwick University, UK Universität Zürich, Switzerland
T. Schmidt
A.N. Berger K. Hou
TU Chemnitz, Germany
University of South Carolina, SC, USA Ohio State University, OH, USA
N. Bollen N. Seeger
R. Ibragimov
Vanderbilt University, Nashville, TN, USA VU University, Amsterdam, Netherlands
Imperial College London, London, UK
C. Bouwman M. Shackleton
V. Ivashina
Case Western Reserve University, OH, USA Lancaster University, UK
Harvard Business School, MA, USA
N. Branger B. Jacobsen E. Sheedy
University of Muenster, Germany Massey University, Auckland, New Zealand Macquarie University, Australia
R. Carmona T. Jenkinson S. Siegel
Princeton University, NJ, USA University of Oxford, Oxford, UK University of Washington, NC, USA
L. Cathcart K. John B. Simkins
Imperial College Business School, UK NYU, NY, USA Oklahoma State University, OK, USA
S. Chava S.A. Johnson G. Skiadopoulos
Georgia Tech, GA, USA Texas A&M University, College Station, TX, USA University of Piraeus, Greece
P. Chelley-Steeley
S. Joslin A. Tarazi
University of Birmingham, Birmingham, UK
USC, CA, USA Université de Limoges, Limoges, France
H. Chen
A. Kaeck H. Tehranian
Sloan School of Management, MA, USA
St Gallen University, Switzerland Boston College, MA, USA
R.-R. Chen
B. Lambrecht E.G. Tsionas
Fordham University, NY, USA
University of Cambridge, UK Athens University of Economics and Business, Greece
J. Cornaggia
M. Leippold
Georgetown University, Washington, DC, USA R. Tunaru
University of Zurich, Zürich, Switzerland
M.M. Cornett University of Kent, UK
S.C. Linn
Bentley University, MA, USA J. Van Binsbergen
University of Oklahoma, OK, USA
V. Corradi UC Penn Wharton, PA, USA
F. Longin
University of Warwick, UK B.F. Van Ness
ESSEC Business School, France
J. Cotter University of Mississippi, MS, USA
B. Lucey
University College Dublin, Blackrock, Co. R.A. Van Ness
Trinity College, Ireland
Dublin, Ireland University of Mississippi, MS, USA
C. Lundblad
D. Cumming
University of North Carolina at Chapel Hill, NC, USA S. Wahal
York University, Toronto, Canada
R. Matousek Arizona State University, AZ, USA
S. Datta
University of Sussex, UK R. Wermers
Wayne State University, MI, USA
J. Miffre University of Maryland, College Park, MD, USA
M. Dungey
University of Tasmania, Australia EDHEC Business School, France S. Westgaard
P. Molyneux NTNU, Norway
I. Erel
Ohio State University, OH, USA Bangor University, UK E. Wu
V. Fernandez F. Moshirian University of Sydney, Sydney, New South Wales,
Universidad Adolfo Ibáñez (UAI), Chile UNSW Australia Business School, Sydney, Australia Australia
C. Neely A. Yan
M. Ferreira
Federal Reserve Bank of St. Louis, MO, USA Fordham University, NY, USA
Nova School of Business and Economics, Lisbon,
Portugal M. Petitjean H. Yan
Université Catholique de Louvain, Belgium Yale School of Management, CT, USA
A. Fodor
Ohio University, OH, USA B. Phillips R. Zagst
R. Fry-McKibbin University of Waterloo, Canada Technische Universität München, Germany
Center for Applied Macroeconomic Analysis, Canberra, T. Piskorski A. Zalewska
ACT, Australia Columbia University, NY, USA University of Bath, Claverton Down, Bath, England, UK
M. Giannetti M. Prokopczuk L. Zhang
Stockholm School of Economics, Stockholm, Sweden Leibniz University Hannover, Germany Ohio State University, OH, USA
C. Girardone R. Rau
University of Essex, UK University of Cambridge, UK