JOURNAL OF BANKING AND FINANCE
Editorial Board
Managing Editor:
G. Bekaert, Columbia University Business School, New York, New York, USA
Co-Editors:
T. Beck, European University Institute, Fiesole, Italy
Advisory Board:
G.M. Constantinides, The University of Chicago, Chicago, Illinois, USA
R. Engle, New York University, New York, New York, USA
K.R. French, Dartmouth College, Hanover, New Hampshire, USA
C.M. James, University of Florida, Gainesville, Florida, USA
Associate Editors:
L.F. Ackert, Kennesaw State University, Kennesaw, Georgia, USA
A. Albuquerque, Boston College, Chestnut Hill, Massachusetts, USA
H. Almeida, University of Illinois Urbana-Champaign Gies College of Business,
Champaign, Illinois, USA
S.C. Andrade, University of Miami, Coral Gables, Florida, USA
P. Augustin, McGill University, Montreal, Quebec, Canada
M. Ayyagari, The George Washington University, Washington, District of
Columbia, USA
G. Bakshi, Temple University, Philadelphia, Pennsylvania, USA
T.G. Bali, Georgetown University, Washington, District of Columbia, USA
J. Bao, University of Delaware, Newark, Delaware, USA
S. Bartram, University of Warwick, Coventry, UK
A.N. Berger, University of South Carolina, Columbia, South Carolina, USA
C. Bernard, Grenoble Business School, Grenoble, France
N.P.B. Bollen, Vanderbilt University, Nashville, Tennessee, USA
N. Boubakri, American University of Sharjah School of Business and
Management, Sharjah, United Arab Emirates
N. Boyarchenko, Federal Reserve Bank New York, New York, New York, USA
N. Branger, University of Münster, Münster, Germany
V. Bruno, Kogod School of Business, Washington, District of Columbia, USA
G. Cerqueiro, Catholic University of Portugal, Lisbon, Portugal
F. Chabi-Yo, University of Massachusetts Amherst Isenberg School of
Management, Amherst, Massachusetts, USA
S. Chava, Georgia Institute of Technology, Atlanta, Georgia, USA
T.J. Chemmanur, Boston College, Chestnut Hill, Massachusetts, USA
J. Choi, University of Illinois Urbana-Champaign, Champaign, Illinois, USA
L. W. Cong, Cornell University, Ithaca, New York, USA
J. Cornaggia, Georgetown University, Washington, District of Columbia, USA
D.J. Cumming, Florida Atlantic University College of Business, Boca Raton,
Florida, USA
Z. Da, University of Notre Dame, Notre Dame, Indiana, USA
S. Datta, Wayne State University, Detroit, Michigan, USA
O. De Jonghe, National Bank of Belgium and Tilburg University, Tilburg,
Netherlands
H. Degryse, KU Leuven, Leuven, Belgium
S. El Ghoul, University of Alberta, Edmonton, Alberta, Canada
V. Fos, Boston College, Chestnut Hill, Massachusetts, USA
X. Giroud, Massachusetts Institute of Technology, Cambridge, Massachusetts,
USA
N. Gupta, Kelley School of Business, Indiana University
R. Haselman, Goethe University Frankfurt, Frankfurt am Main, Germany
Y. Hochberg, Rice University, Houston, Texas, USA
K. Hou, The Ohio State University Fisher College of Business, Columbus, Ohio,
USA
P.-H. Hsu, National Tsing Hua University, Hsinchu, Taiwan
V. Ioannidou, City University of London Bayes Business School, London, UK
K. Jacobs, University of Houston, Houston, Texas, USA
B. Jacobsen, Massey University School of Economics and Finance Wellington
Campus, Wellington, New Zealand
S.A. Johnson, Texas A& M University, College Station, Texas, USA
S. Joslin, University of Southern California, Los Angeles, California, USA
B. Lambrecht, University of Cambridge Judge Business School, Cambridge, UK
M. Larrain, Pontifical Catholic University of Chile, Santiago de Chile, Chile
S. Lee, Georgia Institute of Technology Ernest Scheller Jr College of Business,
Atlanta, Georgia, USA
M. Leippold, University of Zurich, Zurich, Switzerland
C. Lin, The University of Hong Kong, Pok Fu Lam, Hong Kong
C.T. Lundblad, The University of North Carolina at Chapel Hill, Chapel Hill,
North Carolina, USA
E. Hotchkiss, Boston College, Massachusetts., USA
F. Moshirian, University of New South Wales Business School, Sydney,
New South Wales, Australia
R. Roll, California Institute of Technology, Pasadena, California, USA
E. Lyandres, Tel Aviv University Coller School of Management, Tel Aviv-Yafo,
Israel
F. Malherbe, University College London Department of Economics, London, UK
M. Massa, INSEAD Asia Campus, Singapore, Singapore
J. Miffre, Audencia Business School, Nantes, France
P. Molyneux, Bangor University, Bangor, UK
F. Moshirian, University of New South Wales Business School, Sydney,
New South Wales, Australia
C.J. Neely, Federal Reserve Bank of St Louis, Saint Louis, Missouri, USA
T. Noe, University of Oxford, Oxford, UK
O. Oztekin, Florida International University, Miami, Florida, USA
B. Phillips, University of Waterloo, Waterloo, Ontario, Canada
A. Popov, European Central Bank, Frankfurt, Germany
M. Prokopczuk, Leibniz University Hannover, Hannover, Germany
R. Rau, University of Cambridge, Cambridge, UK
A. Rebucci, Johns Hopkins University Carey Business School, Baltimore,
Maryland, USA
L. Renneboog, Tilburg University, Tilburg, Netherlands
A. Rossi, Georgetown University McDonough School of Business, Washington,
District of Columbia, USA
L. Sarno, University of Cambridge, Cambridge, UK
Z. Sautner, Frankfurt School of Finance & Management gGmbH Finance
Department, Frankfurt am Main, Germany
O. Scaillet, University of Geneva and Swiss Finance Institute, Genève,
Switzerland
A. Scherbina, University of California Davis Graduate School of Management,
Davis, California, USA
M. J. Schill, University of Virginia Darden School of Business, Charlottesville,
Virginia, USA
M. Schroder, Michigan State University Eli Broad College of Business,
East Lansing, Michigan, USA
I. Shaliastovich, University of Wisconsin-Madison, Madison, Wisconsin, USA
E. Sheedy, Macquarie University, Sydney, New South Wales, Australia
S. Siegel, University of Washington, Seattle, Washington, USA
B. Simkins, Oklahoma State University, Stillwater, Oklahoma, USA
G. Skiadopoulos, University of Piraeus Department of Banking and Financial
Management, Piraeus, Greece
A. Srinivasan, National University of Singapore, Singapore, Singapore
X. Tian, Tsinghua University, Beijing, China
B.F. Van Ness, University of Mississippi School of Business Administration,
Oxford, Mississippi, USA
R.A. Van Ness, University of Mississippi School of Business Administration,
Oxford, Mississippi, USA
S. Viswanathan, Duke University, Durham, North Carolina, USA
P. Wachtel, New York University, New York, New York, USA
S. Wahal, Arizona State University, Tempe, Arizona, USA
Z. Wang, Indiana University Bloomington Kelley School of Business,
Bloomington, Indiana, USA
R. Wermers, University of Maryland at College Park, College Park, Maryland,
USA
C. Wu, University of Notre Dame, Notre Dame, Indiana, USA
F. Xie, University of Delaware, Newark, Delaware, USA
H. Yan, DePaul University, Chicago, Illinois, USA
X. Yu, Indiana University Bloomington Kelley School of Business, Bloomington,
Indiana, USA
A. Zaldokas, Hong Kong University of Science and Technology, Clear Water Bay,
Hong Kong, China
L. Zhang, The Ohio State University, Columbus, Ohio, USA
X. Zhang, Tsinghua University People’s Bank of China School of Finance, Beijing,
China