Forthcoming Articles

Executive Editor The Review of Financial Studies is published by Oxford University Press for Analyst Career Concerns, Effort Allocation, and Firms’ Information Environment
Itay Goldstein The Society for Financial Studies.
University of Pennsylvania Subscriptions. A subscription to The Review of Financial Studies comprises 12
Jarrad Harford, Feng Jiang, Rong Wang, and Fei Xie
Editors issues. Prices include postage; for subscribers outside the Americas, issues are sent
Lauren Cohen air freight. The Review of Financial Studies Advance Access contains Arbitrage Trading: The Long and the Short of It
Harvard Business School papers that have recently been accepted but have not yet been included within Yong Chen, Zhi Da, and Dayong Huang
an issue. Advance Access is updated daily.
Francesca Cornelli
Annual Subscription Rate (Volume 31, 12 issues, 2018)
London Business School
Institutional Financial Sector Stress and Risk Sharing: Evidence from the Weather Derivatives Market
David Denis
University of Pittsburgh
Print edition and site-wide online access: £578.00/$867.00/€867.00 Daniel Weagley
Print edition only: £532.00/$799.00/€799.00
Wei Jiang Site-wide online access only: £454.00/$680.00/€680.00
Columbia University Personal membership Firm Financing over the Business Cycle
Ralph Koijen Print edition and site-wide online access: £77.00/$122.00/€122.00 Juliane Begenau and Juliana Salomao

Downloaded from https://academic.oup.com/rfs/issue/31/11 by Adam Ellsworth, Adam Ellsworth on 23 October 2018

University of Chicago Site-wide online access only: £32.00/$48.00/€48.00
Philip Strahan Please note: £ rates apply in the UK and elsewhere, E in Europe, and $ in US and
Boston College Canada Freeze-Out Mergers
Stijn Van Nieuwerburgh There may be other subscription rates available; for a complete listing, please visit Elif Dalkır, Mehmet Dalkır, and Doron Levit
New York University https://academic.oup.com/rfs/subscribe. Please note that a subscription to The Review
Associate Editors of Financial Studies includes a subscription to the Review of Asset Pricing Studies,
Kenneth Ahern which publishes twice a year.
University of Southern California Full prepayment in the correct currency is required for all orders. Orders are regarded
Bo Becker as firm, and payments are not refundable. Subscriptions are accepted and entered
Stockholm School of Economics on a complete volume basis. Claims cannot be considered more than four months
Henrik Cronqvist after publication or date of order, whichever is later. All subscriptions in Canada
University of Miami are subject to GST. Orders from the UK will be subject to a 17.5% VAT charge.
Zhi Da For orders from elsewhere in the EU, you or your institution should account for
University of Notre Dame VAT by way of a reverse charge. Please provide us with your or your institution’s VAT
Ran Duchin number. If registered, please supply details to avoid unnecessary charges. For sub-
scriptions that include online versions, a proportion of the subscription price may
University of Washington
be subject to UK VAT. Personal rates are applicable only when a subscription is for
Isil Erel individual use and are not available if delivery is made to a corporate address.
The Ohio State University
The current year and two previous years’ issues are available from Oxford University
Vyacheslav Fos
Press. Previous volumes can be obtained from the Periodicals Service Company,
Boston College 11 Main Street, Germantown, NY 12526, USA. E-mail: psc@periodicals.com. Tel:
Dirk Hackbarth (518) 537-4700. Fax: (518) 537-5899.
Boston University
Contact information: Journals Customer Service Department, Oxford University
Benjamin Keys
Press, Great Clarendon Street, Oxford OX2 6DP, UK. E-mail: jnls. cust.serv@oup.
University of Chicago com. Tel: +44 (0)1865 353907. Fax: + 44 (0)1865 353485. In the Americas, please
Kai Li contact: Journals Customer Service Department, Oxford University Press, 2001
University of British Columbia Evans Road, Cary, NC 27513, USA. E-mail: jnlorders@oup.com. Tel: (800) 852-
Nadya Malenko 7323 (toll-free in USA/ Canada) or (919) 677-0977. Fax: (919) 677-1714. In Japan,
Boston College please contact: Journals Customer Service Department, Oxford Journals, Oxford
Lalitha Naveen University Press, Tokyo, 4-5-10-8F Shiba, Minato-ku, Tokyo 108-8386, Japan. E-mail:
Temple University custserv.jp@oup.com. Tel: (03) 3813 1461. Fax: (03) 3818 1522.
Paolo Pasquariello The Review of Financial Studies (print ISSN 0893-9454; online ISSN 1465-7368) is pub-
University of Michigan lished monthly in Jan., Feb., Mar., Apr., May, June, July, Aug., Sept., Oct., Nov., and Dec.,
Veronika Pool by Oxford University Press, 2001 Evans Road, Cary, NC 27513-2009. Periodical Post-
Indiana University age Paid at Cary, NC, and additional mailing offices. Postmaster: send address changes
Tarun Ramadorai to The Review of Financial Studies, Journals Customer Service Department, Oxford
University of Oxford University Press, 2001 Evans Road, Cary, NC 27513-2009.
Alexi Savov Digital Object Identifiers. For information about dois and how to resolve them,
New York University please visit www.doi.org.
Philipp Schnabl Permissions. For information on how to request permissions to reproduce
New York University articles or information from this journal, please visit academic.oup.com/journals/
Heather Tookes pages/authors_instructions_to_authors.
Yale University Author Self-Archiving/Public Access policy. For information about this jour-
Michela Verardo nal’s policy, please visit our Author Self-Archiving policy page: https://academic.
London School of Economics oup.com/journals/pages/access_purchase/rights_and_permissions/self_archiving_
Adrien Verdelhan policy_k.
Massachusetts Institute of Advertising. Advertising, inserts and artwork enquiries should be addressed to Linda
Technology Hann, Oxford Journals Advertising, 1 Fernham Road, Shellingford, Oxfordshire,
Jessica Wachter SN7 7PU, UK. Tel/Fax: +44 (0)1367 710022; E-mail: lindaj.hann@btinternet.com.
University of Pennsylvania The Review of Financial Studies is indexed and/or abstracted by Current Contents,
Motohiro Yogo the Economic Literature Index, the Finance Literature Index, the International
Princeton University Bibliography of the Social Sciences, the International Current Awareness Service:
Advisory Editors Economics, Journal Contents in Quantitative Method, the Journal of Economic
Jan Sokolowsky Literature, Research Papers in Economics, and Social Sciences Citation Index.
Dawoon Kim Disclaimer. Statements of fact and opinion in the articles in The Review of
Managing Editor Financial Studies are those of the respective authors and contributors and not
Jaclyn Einstein of The Review of Financial Studies or Oxford University Press. Neither Oxford
The Society for Financial Studies University Press nor The Review of Financial Studies makes any representation,
express or implied, in respect of the accuracy of the material in this journal
President and cannot accept any legal responsibility or liability for any errors or omis-
Laura Starks sions that may be made. The reader should make her or his own evaluation as
University of Texas at Austin to the appropriateness or otherwise of any experimental technique described.
Vice President Copyright © 2018 The Society for Financial Studies
Josef Zechner
All rights reserved; no part of this publication may be reproduced, stored in a
Vienna University of Economics
retrieval system, or transmitted in any form or by any means, electronic,
and Business mechanical, photocopying, recording, or otherwise without prior written
Secretary/Treasurer permission of the publisher or a license permitting restricted copying issued
Craig W. Holden in the UK by the Copyright Licensing Agency Ltd, 90 Tottenham Court
Indiana University Road, London W1P 9HE, or in the USA by the Copyright Clearance Center, For a full list of forthcoming articles in The Review of Financial Studies, please go to the website at
222 Rosewood Drive, Danvers, MA 01923.
https://academic.oup.com/rfs and see the Advance Access articles.

REVFIN_31_11_Cover.indd 2 16-10-2018 14:47:50

 ISSN 0893-9454 (PRINT)

Volume 31 • Number 11 • November 2018

ISSN 1465-7368 (ONLINE)

The
Review of

Downloaded from https://academic.oup.com/rfs/issue/31/11 by Adam Ellsworth, Adam Ellsworth on 23 October 2018

Financial
Studies Volume 31 • Number 11 • November 2018

The Review of Financial Studies

Strategic News Releases in Equity Vesting Months
Alex Edmans, Luis Goncalves-Pinto, Moqi Groen-Xu, and Yanbo Wang
The Retention Effects of Unvested Equity: Evidence from Accelerated Option
Vesting
Torsten Jochem, Tomislav Ladika, and Zacharias Sautner
Product Market Competition Shocks, Firm Performance, and Forced CEO Turnover
Sudipto Dasgupta, Xi Li, and Albert Y. Wang
Agency Conflicts around the World
Erwan Morellec, Boris Nikolov, and Norman Schürhoff
The Evolution of Corporate Cash
John R. Graham and Mark T. Leary
Extrapolation Bias and the Predictability of Stock Returns by Price-Scaled Variables
Stefano Cassella and Huseyin Gulen
The Liquid Hand-to-Mouth: Evidence from Personal Finance Management Software
Arna Olafsson and Michaela Pagel
Financial Advice and Bank Profits
Daniel Hoechle, Stefan Ruenzi, Nic Schaub, and Markus Schmid
Debt Priority Structure, Market Discipline, and Bank Conduct
Piotr Danisewicz, Danny McGowan, Enrico Onali, and Klaus Schaeck
Contagious Effects of a Political Intervention in Debt Contracts: Evidence Using
Scan to view this journal Loan-Level Data
on your mobile device Prasanna L. Tantri
Erratum

Published on behalf of The Society for Financial Studies

https://academic.oup.com/rfs

REVFIN_31_11_Cover.indd 1 16-10-2018 14:47:30

Copyright of Review of Financial Studies is the property of Oxford University Press / USA
and its content may not be copied or emailed to multiple sites or posted to a listserv without
the copyright holder's express written permission. However, users may print, download, or
email articles for individual use.