Cover 10 Aug 2013 | 11:27 am

Editorial Board 10 Aug 2013 | 11:27 am

Forthcoming Articles 10 Aug 2013 | 11:27 am

Volume 26 Number 9 September 2013 * The Review of Financial Studies - Table of Contents 10 Aug 2013 | 11:27 am

Combining Banking with Private Equity Investing 10 Aug 2013 | 11:27 am

Bank-affiliated private equity groups account for 30% of all private equity investments. Their market share is highest during peaks of the private equity market, when the parent banks arrange more deb...

The Skew Risk Premium in the Equity Index Market 10 Aug 2013 | 11:27 am

We develop a new method for measuring moment risk premiums. We find that the skew premium accounts for over 40% of the slope in the implied volatility curve in the S&P 500 market. Skew risk is tightly...

Libertarian Paternalism, Information Production, and Financial Decision Making 10 Aug 2013 | 11:27 am

We develop a theoretical model to analyze the effects of libertarian paternalism on information production and financial decision making. Individuals in our model appreciate the information content of...

Estimating the Costs of Issuer-Paid Credit Ratings 10 Aug 2013 | 11:27 am

We compare the stability and timeliness of credit ratings produced by a traditional issuer-paid rating agency (Moody's Investors Service) and a subscriber-paid rater (Rapid Ratings). Moody's ratings e...

Rating Shopping or Catering? * An Examination of the Response to Competitive Pressure for CDO Credit Ratings 10 Aug 2013 | 11:27 am

We examine whether "rating shopping" or "rating catering" is a more accurate characterization of rating agency interactions regarding collateralized debt obligations (CDOs). Although investors paid a ...

Optimal Life Cycle Portfolio Choice with Housing Market Cycles 10 Aug 2013 | 11:27 am

In recent decades U.S. households have experienced residential house prices moving persistently, that is, returns being positively serially correlated. We set up a realistically calibrated life cycle ...