Issue Information

• Published date: 01 August 2021
• Date: 01 August 2021
• DOI: http://doi.org/10.1111/fire.12238

The Financial Review Vol. 56 , No. 3 August 2021

Official Journal of the:

The Financial Review

AUGUST 2021 • VOLUME 56 • NO. 3

www.easternfinance.org

Do volatility extensions improve the quality of closing call auctions?

Ester Félez-Viñas and Björn Hagströmer

Serial acquirers and decreasing returns: Do bidders’ acquisition

patterns matter?

Thibaut G. Morillon

Network centrality, connections, and social capital: Evidence from

CEO insider trading gains

Rwan El-Khatib , Dobrina Jandik , and Tomas Jandik

Informed options trading prior to insider trades

(Grace) Qing Hao and Keming Li

Financial fl exibility demand and corporate fi nancial decisions

Soku Byoun

Entrenchment or effi ciency? CEO-to-employee pay ratio and the cost

of debt

Katsiaryna Bardos , Steven E. Kozlowski , and Michael R. Puleo

Investor awareness or information asymmetry? Wikipedia and IPO

underpricing

Thomas Boulton , Bill B. Francis , Thomas Shohfi , and Daqi Xin

Sell-side analyst recommendation revisions and hedge fund trading

before and after regulation fair disclosure

Mustafa Onur Caglayan , Umut Celiker , and Edward R. Lawrence

A nonrandom walk down Hollywood boulevard: Celebrity deaths and

investor sentiment

Gabriele M. Lepori

The Financial Review

Official Journal of the Eastern Finance Association

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Outstanding Publication Awards

The winners of the Financial Review Best Paper Award for 2020

(selected by the Editorial Board) is:

Joseph Engelberg, Linh Thompson, Jared Williams, 2020, Stock

market anomalies and baseball cards. Financial Review 55(3),

461-479

The Runner-up for the Financial Review Best Paper Award for 2020

(selected by the Editorial Board) is:

Bill B. Francis, Iftekhar Hasan, Yun Zhu, 2020, Managerial effect

or  rm effect: Evidence from the private debt market. Financial

Review 55(1), 25-59

Previous winners of the awards are:

2019: Thomas W. Doellman, Jennifer Itzkowitz, Jesse Itzkowitz,

Sabuhi H. Sardarli Serkan Karadas

2018: Louis Gagnon

M. Sinan Goktan, Robert Kieschnick, and Rabih Moussawi

Bradley W. Benson, Subramanian Rama Iyer,

Kristopher J. Kemper, and Jing Zhao

2017: James Upson and Hardy Johnson

R. Jared DeLisle, Dan W. French, and Maria Gabriela Schutte

Paul Brockman, Musa Subasi, and Cihan Uzmanoglu

2016: Palani-Rajan Kadapakkam, Alex Meisami, and John Wald

Viktor Manahov

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