2009 EFM READERS' CHOICE BEST PAPER AWARD

EUROPEAN FINANCIAL MANAGEMENT, VOLUME 15, 2009

VOL 15:1 JANUARY 2009

The Subprime Panic
GARRY GORTON

Cash Flow Sensitivity of Investment
ARMEN HOVAKIMIAN and GAYANE´ HOVAKIMIAN

The Dark Side of International Cross-Listing: Effects on Rival Firms at Home
MICHEAL MELVIN and MAGALI VALERO

Are Venture Capitalists a Catalyst for Innovation?
STEFANO CASELLI, STEFANO GATTI and FRANCESCO PERRINI

The Components of the Bid-Ask Spread: Evidence from the Athens Stock Exchange
TIMOTHOES ANGELIDIS and ALEXANDROS BENOS

The Size and Structure of the World Mutual Fund Industry
SOFIA RAMOS

Competition between Exchanges: Euronext versus Xetra
MARIA KASCH-HAROUTOUNIAN and ERIK THEISSEN

The Value of Adjusting the Bias in Recommendations: International Evidence
GERMÁN LÓPEZ-ESPINOSA, MARINA BALBOA-RAMÓN* and JUAN CARLOS GÓMEZ-SALA

VOL 15:2 MARCH 2009

Risk and Asset Management: Introduction
GUEST EDITOR: LIONEL MARTELLINI

The Performance of Characteristics-based Indices –EDHEC ISSUE
NOEL AMENC, FELIX GOLTZ and VERONIQUE LESOURD

Do Inflation Linked Bonds Still Diversify
MARIE BRIERE and OMBRETTA SIGNORI

Portfolio Performance Measurement: A No Arbitrage Bounds Approach
DONG-HYUN AHNA, H. HENRY CAO and STEPHANE CHRETEIN

A New Approach of Using Levy Processes for Determining High-Frequency Value-at-Risk Predictions
WEI SUN, SVETLOZAR RACHEV and FRANK FABOZZI

Does Hedge Fund Performance Persist? Overview and new Empirical Evidence
MARTIN ELING

Insider Trading and Corporate Governance: The Case of Germany
ANDRÉ BETZER and ERIK THEISSEN

Predicting European Takeover Targets
GURVINDER BRAR, DANIEL GIAMOURIDIS and MANOLIS LIODAKIS

The Euro and the changing face of European Banking: Evidence from Mergers and Acquisitions
M. EKKAYOKKAYA, KRISHNA PAUDYAL and PHIL HOLMES

VOL 15:3 JUNE 2009

Is CEO Pay Really Inefficient? A Survey of New Optimal Contracting Theories
ALEX EDMANS and XAVIER GABAIX

The Impact of Managerial Entrenchment on Agency Costs: An Empirical Investigation Using UK Panel Data
CHRISOSTOMOS FLORACKIS and AYDIN OZKAN

The Co-movement of Credit Default Swap, Bond and Stock Markets: An Empirical Analysis
LARS NORDEN and MARTIN WEBER

Why Do Western European Firms Issue Convertibles Instead of Debt or Equity?
MARIE DUTORDOIR and LINDA VAN DE GUCHT

Market Feedback, Investment Constraints, and Managerial Behavior
PAULA HILL and DAVID HILLIER

Foreign Currency Derivatives versus Foreign Currency Debt and the Hedging Premium
EPHRAIM CLARK and AMRIT JUDGE

What Drives Private Equity Returns? Fund Inflows, Skilled GPs, and /or Risk?
CHRISTIAN DILLER and CHRISTOPH KASERER

A Retrospective Evaluation of the European Financial Management (1995-2008)
KAM C. CHAN, C-HSIANG CHANG and Y. LING LO

VOL 15:4 SEPTEMBER 2009

Universal Banking, Asset Management, and Stock Underwriting
WILLIAM C. JOHNSON and JENNIFER MARIETTA-WESTBERG

Competitive IPOs
TIM JENKINSON and HOWARD JONES

Conflicts of Interest and Research Quality of Affiliated Analysts in the German Universal Banking System: Evidence from IPO Underwriting
WOLFGANG BESSLER and MATTHIAS STANZEL

How much does investor sentiment really matter for equity issuance activity?
FRANCOIS DERRIEN and AMBRUS KECSKES

Security Choice and Corporate Governance
JOHN HOWE and BRETT OLSEN

Why do European Firms Go Public?
FRANCK BANCEL and USHA MITTOO

VOL 15:5 NOVEMBER 2009

Tranching and Ratings
MICHAEL BRENNAN, JULIA HEIN and SER-HUANG POON

Risk Management Lessons from the Credit Crisis
PHILIPPE JORION

A Generalization of the Mean-Variance Analysis
VALERI ZAKAMOULINE and STEEN KOEKEBAKKER

Systemic and Idiosyncratic Risk in EU-15 Sovereign Yield Spreads After Seven Years of Monetary Union
MARTA GOMEZ-PUIG

Quantifying the Interest Rate Risk of Banks: Assumptions Do Matter
OLIVER ENTROP, MARCO WILKENS and ALEXANDER ZEISLER

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