Journal

Finance

3 issues per year

Association Française de Finance

English full-text articles

Journal article

Algorithmic vs. Human Portfolio Choice

In Finance (2026/0 Pub. anticipées)

Journal article

Assessing the Drivers of Robo-Advisor Reprofiling: Evidence of Time-Varying Risk Aversion

In Finance (2026/0 Pub. anticipées)

Journal article

Do Blockchain Competent Investors’ Sentiments Drive Bitcoin Volatility: A Machine Learning and Nonlinear Analysis?

In Finance (2026/0 Pub. anticipées)

Journal article

Understanding Stock Price Crashes: The Influence of Goodwill and Economic Policy Uncertainty

In Finance (2026/0 Pub. anticipées)

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Forecasting stock prices: Deep Learning and Full Order Book Dynamics

In Finance (2026/0 Pub. anticipées)

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The impact of IFRS 9 on bank lending: Evidence from Croatia

In Finance (2026/0 Pub. anticipées)

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The Welfare Costs of Energy Inflation

In Finance (2026/1 Vol. 47)

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Mapping the Evolution: A Fifteen-Year Bibliometric Analysis of Finance

In Finance (2026/1 Vol. 47)

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Interday Cross-Sectional Momentum: Global Evidence and Determinants

In Finance (2026/1 Vol. 47)

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Macro-Financial Spillovers between Stock Markets & Cryptocurrencies

In Finance (2026/1 Vol. 47)

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Editorial

In Finance (2026/1 Vol. 47)

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Debt and Wages: The Role of Labor Regulation

In Finance (2025/3 Vol. 46)

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Stock Markets Reactions to Women Appointments and National Culture as a Moderator

In Finance (2025/3 Vol. 46)

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In Business Groups We Trust

In Finance (2025/3 Vol. 46)

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Not all Analysts are Created Equal: Evidence from Seasoned Equity Offerings

In Finance (2025/3 Vol. 46)

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Editorial

In Finance (2025/3 Vol. 46)

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Editorial

In Finance (2025/2 Vol. 46)

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How trust shapes the structure of banks

In Finance (2025/2 Vol. 46)

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Do CEOs Manipulate R&D Expenses to Increase their Bonus? French Evidence

In Finance (2025/2 Vol. 46)

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Uncovering the profile of passive exchange-traded fund retail investors

In Finance (2025/2 Vol. 46)

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Heterogeneity of Family Firms and Carbon Emissions: Which Factors Matter?

In Finance (2025/2 Vol. 46)

Journal article

The Market Timing of Mergers and Acquisitions – Evidence from Ramadan

In Finance (2025/1 Vol. 46)

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Are ESG Ratings Informative To Forecast Idiosyncratic Risk?

In Finance (2025/1 Vol. 46)

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Private Information And Trading Speed

In Finance (2025/1 Vol. 46)

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Cross-border supervisory cooperation: a progress report and research agenda

In Finance (2025/1 Vol. 46)

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Editorial

In Finance (2024/3 Vol. 45)

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Model Comparison in French Stock Returns

In Finance (2024/3 Vol. 45)

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Valuing downside risk on international stock markets

In Finance (2024/3 Vol. 45)

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Size does matter, as well as sector activities: Systemic Risk Sensitivities of E_FINAncial firms in the U.S. and European Stock Markets

In Finance (2024/3 Vol. 45)

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Optimal Portfolio Allocation with Long-Short Strategies: Application to Factor Investing

In Finance (2024/3 Vol. 45)

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Donors talk: The signaling and imprinting effects of giving to social enterprises

In Finance (2024/2 Vol. 45)

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Board Gender Diversity and ESG: The Influence of the Varieties of Capitalism

In Finance (2024/2 Vol. 45)

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Does CSR Help Firms to Cope with Supply Chain Disruptions? Evidence from the Suez Canal Ever Given Obstruction

In Finance (2024/2 Vol. 45)

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Can Startups Disrupt the Gender Pay Gap? Disruption of Economic Exclusion A Two-Tiered Approach,

In Finance (2024/2 Vol. 45)

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Mind the conversion risk: contingent convertible bonds as a transmission channel of systemic risk

In Finance (2024/1 Vol. 45)

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Does State Ownership Impact Green Bond Issuance? International Evidence

In Finance (2024/1 Vol. 45)

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Climate Interconnectedness and Financial Stability

In Finance (2024/1 Vol. 45)

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Encouraging long-term shareholders: The effects of loyalty shares with double voting rights

In Finance (2024/1 Vol. 45)

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Special issue editorial

In Finance (2023/3 Vol. 44)

Journal article

Excess Control Rights, Multiple Large Shareholders, and Corporate Cash Holding Behavior

In Finance (2023/3 Vol. 44)

Journal article

Does government stability affect the banking system’s stability?

In Finance (2023/3 Vol. 44)

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Sign effects of volatility and jumps in forex markets and a reappraisal of meteor showers and heat waves

In Finance (2023/3 Vol. 44)

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Proximity with affinity: How M&A top executives could exacerbate agency conflicts?

In Finance (2023/3 Vol. 44)

Journal article

The Impacts of Incentive Contracts and Hormones on Risk Taking

In Finance (2023/2 Vol. 44)

Journal article

Stock Price Crash Risk, Managerial Ownership, and Cost of Debt

In Finance (2023/2 Vol. 44)

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Why Do Investors Buy Shares of Actively Managed Equity Mutual Funds? Considering the Correct Reference Portfolio from an Uninformed Investor’s Perspective

In Finance (2023/2 Vol. 44)

Journal article

Development of a Shadow Rating Model

In Finance (2023/2 Vol. 44)

Journal article

Distance in Reward-Based Crowdfunding

In Finance (2023/1 Vol. 44)

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Mutual Fund Screening Versus Weighting

In Finance (2023/1 Vol. 44)

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How do Large Firms Manage their Banking Pools?

In Finance (2023/1 Vol. 44)

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Board gender quotas: can women realistically boost firm performance?

In Finance (2023/1 Vol. 44)

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The benefit of cross-border investments in the Chinese emerging venture capital and private equity market

In Finance (2022/3 Vol. 43)

Journal article

Mergers and acquisitions across cultures

In Finance (2022/3 Vol. 43)

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Bankruptcy reform, credit availability, and financial distress

In Finance (2022/3 Vol. 43)

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The rise of fast trading: Curse or blessing for liquidity?

In Finance (2022/3 Vol. 43)

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Asset pricing models with measurement error problems: A new framework with Compact Genetic Algorithms

In Finance (2022/2 Vol. 43)

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Incentive Fees with a Moving Benchmark and Portfolio Selection under Loss Aversion

In Finance (2022/2 Vol. 43)

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Timing the Size Risk Premia

In Finance (2022/2 Vol. 43)

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The oak and the reed: Working capital management and the role of business group affiliation

In Finance (2022/2 Vol. 43)

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Honoring the Memory of Professor Roland Portait

In Finance (2022/1 Vol. 43)

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Portfolio Optimization and Asset Pricing Implications under Returns Non-Normality Concerns

In Finance (2022/1 Vol. 43)

Journal article

Portfolio choice and mental accounts: A comparison with traditional approaches

In Finance (2022/1 Vol. 43)

Journal article

Performance Participation Strategies: OBPP versus CPPP

In Finance (2022/1 Vol. 43)

Journal article

When overconfident traders meet feedback traders

In Finance (2021/3 Vol. 42)

Journal article

Cash holdings in privately held firms: A closer look on the precautionary motivation for smaller firms

In Finance (2021/3 Vol. 42)

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The resilience of French companies to the COVID-19 crisis

In Finance (2021/3 Vol. 42)

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Credit spread determinants. How loan officer seniority matters

In Finance (2021/3 Vol. 42)

Journal article

Hyperbolic or exponential time discounting function?

Empirical evidence using a conditional Consumption Capital Asset Pricing Model

In Finance (2021/2 Vol. 42)

Journal article

Foreign Stock Investment and Sophistication of French Retail Investors

In Finance (2021/2 Vol. 42)

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Bond Fund Fragility: Flow Reactions to Extremely Negative Return Shocks

In Finance (2021/2 Vol. 42)

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Cross-Asset Holdings and the Interbank Lending Market

In Finance (2021/2 Vol. 42)

Journal article

Board Gender Diversity and Corporate Cash Holdings

In Finance (2021/1 Vol. 42)

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Controlling shareholders and CEO pay monitoring: A panel threshold approach on the degree and seniority of control

In Finance (2021/1 Vol. 42)

Journal article

Why is there a Home Bias? An Analysis of US REITs Geographic Concentration

In Finance (2021/1 Vol. 42)

Journal article

Family Control, Stock Price Levels, and Stock Split Activity

In Finance (2021/1 Vol. 42)

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Does corruption impact the demand for bank credit? A study of discouraged borrowers in Asian developing countries

In Finance (2020/3 Vol. 41)

Journal article

Stock returns and weather: The case of European listed energy firms

In Finance (2020/3 Vol. 41)

Journal article

Bankruptcy of ECF-funded firms: Evidence from France

In Finance (2020/3 Vol. 41)

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Making a difference: European mutual funds distinctiveness and peers’ performance

In Finance (2020/2 Vol. 41)

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Cash holdings and the selection effect in the Eurozone

In Finance (2020/2 Vol. 41)

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The ups and downs of European real estate markets’ integration

In Finance (2020/2 Vol. 41)

Journal article

Green regulation and stock price reaction to green bond issuance

In Finance (2020/1 Vol. 41)

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A re-examination of analysts’ differential target price forecasting ability

In Finance (2020/1 Vol. 41)

Journal article

International mutual funds performance and persistence across the universe of performance measures

In Finance (2020/1 Vol. 41)

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Editors’ foreword

In Finance (2019/3 Vol. 40)

Journal article

Debt maturity and the leverage ratcheting effect

In Finance (2019/3 Vol. 40)

Journal article

Bond prices, yield spreads, and optimal capital structure with default risk

In Finance (2019/3 Vol. 40)

Journal article

Bond exchange offers or collective action clauses?

In Finance (2019/3 Vol. 40)

Journal article

Long-term project valuation in capital-constrained firms

In Finance (2019/3 Vol. 40)

Journal article

On bankruptcy procedures and the valuation of corporate securities

In Finance (2019/3 Vol. 40)

Journal article

When machines read the web: Market efficiency and costly information acquisition at the intraday level

In Finance (2019/2 Vol. 40)

Journal article

Mandatory voting, large shareholder power, and wolf packs

In Finance (2019/2 Vol. 40)

Journal article

Conditional risk-based portfolio

In Finance (2019/2 Vol. 40)

Journal article

Endogenous crashes in the foreign exchange market: A theoretical model

In Finance (2019/1 Vol. 40)

Journal article

Liquidity provision in ETF markets: The basket and beyond

In Finance (2019/1 Vol. 40)

Journal article

Multiple channels of financial contagion: An empirical analysis of stock price dynamics

In Finance (2019/1 Vol. 40)

Journal article

Institutional trading and near-term stock returns

In Finance (2018/3 Vol. 39)

Journal article

Testing the new Fama and French factors with illiquidity: A panel data investigation

In Finance (2018/3 Vol. 39)

Journal article

A literature review on neurofinance

In Finance (2018/2 Vol. 39)

Journal article

Financial decisions of the financially literate

In Finance (2018/2 Vol. 39)

Journal article

What can we learn from neurofinance?

In Finance (2018/2 Vol. 39)

Journal article

Editorial

In Finance (2018/1 Vol. 39)

Journal article

Richard Thaler: The anomalies of life

In Finance (2018/1 Vol. 39)

Journal article

Analysts’ stickiness, over-reaction and drift

In Finance (2018/1 Vol. 39)

Journal article

Round-number bias in investment: Evidence from equity crowdfunding

In Finance (2018/1 Vol. 39)

Journal article

Investment goals and mental accounting in French retail clients

In Finance (2018/1 Vol. 39)

Journal article

Employment protection and payout policy

In Finance (2017/3 Vol. 38)

Journal article

Modelling bank leverage and financial fragility under the new minimum leverage ratio of Basel III regulation

In Finance (2017/3 Vol. 38)

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Investor sentiment and stock return predictability: The power of ignorance

In Finance (2017/2 Vol. 38)

Journal article

Performance-sensitive debt: A new mechanism

In Finance (2017/2 Vol. 38)

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ROE in banks: Performance or risk measure? Evidence from financial crises

In Finance (2017/2 Vol. 38)

Journal article

Competition in exchanges and reputational concerns

In Finance (2017/1 Vol. 38)

Journal article

Habit formation heterogeneity: Implications for aggregate asset pricing

In Finance (2017/1 Vol. 38)

Journal article

Bank deregulation, consolidation and stability: Evidence on U.S. M&A centric activity

In Finance (2017/1 Vol. 38)

Journal article

Government Awards as Economic Instruments of Governance

In Finance (2016/3 Vol.37)

Journal article

Smart beta and CPPI performance

In Finance (2016/3 Vol.37)

Journal article

Recent Trends in Executive Compensation: Are They Pareto Improving?

In Finance (2016/2 Vol.37)

Journal article

Feedback effects and endogenous risk in financial markets

In Finance (2016/2 Vol.37)

Journal article

A repeat-sales index for pricing US corporate bonds

In Finance (2016/2 Vol.37)

Journal article

Emerging Market Risk Premia Fluctuations: A micro founded decomposition

In Finance (2016/1 Vol.37)

Journal article

The asymmetrical behavior of hedge funds across the state of the business cycle: The q-factor model revisited

In Finance (2016/1 Vol.37)

Journal article

Paulson Plan Credits

In Finance (2016/1 Vol.37)

Journal article

Overcollateralization in Corporate Securitization

In Finance (2015/3 Vol.36)

Journal article

Impact of the subprime crisis on the reputation of rating agencies

In Finance (2015/3 Vol.36)

Journal article

The Impact of Different Risk Aversions on The Bond-Stock Mix: A Note

In Finance (2015/3 Vol.36)

Journal article

Rethinking Zero Returns in the Liquidity Puzzle of a Limit Order Market

In Finance (2015/2 Vol.36)

Journal article

Too much of a good thing? The impact of a new bankruptcy law in Canada

In Finance (2015/2 Vol.36)

Journal article

On Path-Dependent Structured Funds: Complexity Does Not Always Pay (Asian versus Average Performance Funds)

In Finance (2015/2 Vol.36)

Journal article

A DARE for VaR

In Finance (2015/1 Vol.36)

Journal article

Counterparty credit risk in a multivariate structural model with jumps

In Finance (2015/1 Vol.36)

Journal article

Increased entry threat and merger activity

In Finance (2015/1 Vol.36)

Journal article

Performance of microfinance institutions: do board activity and governance ratings matter?

In Finance (2014/3 Vol. 35)

Journal article

The 99% Market Sentiment Index

In Finance (2014/3 Vol. 35)

Journal article

Interest Term Premiums and C-CAPM: A Test of a Parsimonious Model

In Finance (2014/3 Vol. 35)

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Explicit Representation of Cost-Efficient Strategies

In Finance (2014/2 Vol. 35)

Journal article

Stock Returns Memories: a “Stardust” Memory?

In Finance (2014/2 Vol. 35)

Journal article

The Computation of Risk Budgets under the Lévy Process Assumption

In Finance (2014/2 Vol. 35)

Journal article

M&A Outcomes and Willingness to Sell

In Finance (2014/1 Vol. 35)

Journal article

Acquisitions and Bidder Stock Valuations: Empirical Evidence from the French Market

In Finance (2014/1 Vol. 35)

Journal article

Irrational Market Makers

In Finance (2014/1 Vol. 35)

Journal article

The value effect of operational hedging: Evidence from foreign takeovers

In Finance (2013/3 Vol. 34)

Journal article

Legality and the Spread of Voluntary Investor Protection

In Finance (2013/3 Vol. 34)

Journal article

What drives the herding behavior of individual investors?

In Finance (2013/3 Vol. 34)

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Underwriting Syndicate Structure and Lead Manager Reputation: An Empirical Study on European Stock Markets

In Finance (2013/2 Vol. 34)

Journal article

Portfolio choice and financial advice

In Finance (2013/2 Vol. 34)

Journal article

A scenario-based description of optimal American capital guaranteed strategies

In Finance (2013/2 Vol. 34)

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Is the Market Portfolio Efficient? A New Test of Mean-Variance Efficiency when all Assets are Risky

In Finance (2013/1 Vol. 34)

Journal article

On the Bankruptcy Risk of Insurance Companies

In Finance (2013/1 Vol. 34)

Journal article

Analysis and Comparison of Leveraged ETFs and CPPI-type Leveraged Strategies

In Finance (2013/1 Vol. 34)

Journal article

The Performance of French LBO Firms: New data and new results

In Finance (2012/2 Vol. 33)

Journal article

Ownership, control and market liquidity

In Finance (2012/2 Vol. 33)

Journal article

Corporate Risk Management and Information Disclosure

In Finance (2012/2 Vol. 33)

Journal article

Sophistication of Individual Investors and Disposition Effect Dynamics

In Finance (2012/1 Vol. 33)

Journal article

Hedge Fund Market Risk Exposures: A Survey

In Finance (2012/1 Vol. 33)

Journal article

Backtesting Value-at-Risk: From Dynamic Quantile to Dynamic Binary Tests

In Finance (2012/1 Vol. 33)

Journal article

The Link between Social Rating and Financial Capital Structure

In Finance (2011/2 Vol. 32)

Journal article

Ownership Structure and Board Characteristics as Determinants of CEO Turnover in French-Listed Companies

In Finance (2011/2 Vol. 32)

Journal article

Misunderstanding risk and return?

In Finance (2011/2 Vol. 32)

Journal article

A Structural Balance Sheet Model of Sovereign Credit Risk

In Finance (2011/2 Vol. 32)

Journal article

Capital Structure Decisions of French Very Small Businesses

In Finance (2011/1 Vol. 32)

Journal article

Money and Asset Prices in a Production Economy

In Finance (2010/2 Vol. 31)

Journal article

Dynamic strategies when consumption and wealth risk aversions differ

In Finance (2010/2 Vol. 31)

Journal article

Employee’s investment behaviors in a company based savings plan

In Finance (2010/1 Vol. 31)

Journal article

Exchange Options when One Underlying Price Can Jump

In Finance (2010/1 Vol. 31)

Journal article

Volatility regimes and liquidity co-movements in cap-based portfolios

In Finance (2010/1 Vol. 31)

Journal article

Dynamics of Implied Distributions: Evidence from the CAC 40 Options Market

In Finance (2009/2 Vol. 30)

Journal article

Disposition effect, investor sophistication and taxes: Some French Specificities

In Finance (2009/1 Vol. 30)

Journal article

An Empirical Analysis of the Firm’s Reorganization Decision

In Finance (2009/1 Vol. 30)

Journal article

Are IPOs Still a Puzzle?

A Survey of the Empirical Evidence from Europe

In Finance (2007/2 Vol. 28)

Journal article

Anomalous Price Behavior Following Earnings Surprises: Does Representativeness Cause Overreaction?

In Finance (2006/2 Vol. 27)

Journal article

Industry specialization and performance: a study of mutual funds

In Finance (2006/2 Vol. 27)