No. 47-2, June 2018

Index

• Announcements
• Determinants of Underwriting Fees by New Entrant Banks: Evidence from the Japanese IPO Underwriting Market
• Do Co‐Opted Directors Influence Dividend Policy?
• Do Outside Directors with Government Experience Create Value?
• Financial Institutions Network and the Certification Value of Bank Loans
• Firm Competition and CEO Turnover: Evidence from US Railroad Deregulation
• Issue Information
• Mutual Fund Stock‐Picking Skill: New Evidence from Valuation‐ versus Liquidity‐Motivated Trading
• Sold Below Value? Why Takeover Offers Can Have Negative Premiums
• The Impact of Government Intervention on Corporate Investment Allocations and Efficiency: Evidence from China