Table of Contents

• Date: 01 March 2016
• DOI: http://doi.org/10.1111/fima.12110
• Published date: 01 March 2016

Financial

Management

VOLUME 45 CONTENTS OF ISSUE 1SPRING 2016

Cultural New Year Holidays and Stock Returns around the World

Kelley Bergsma and Danling Jiang ........................................................................3

National Culture and Profit Reinvestment: Evidence from Small and Medium-Sized

Enterprises

Sadok El Ghoul, Omrane Guedhami, Chuck Kwok, and Liang Shao ...................37

CEO’s Religious Affiliation and Managerial Conservatism

Mufaddal Baxamusa and Abu Jalal ......................................................................67

Local Culture and Dividends

Erdem Ucar .........................................................................................................105

Do Lending Relationships Affect Corporate Financial Policies?

Hadiye Aslan .......................................................................................................141

Corporate Philanthropy, Research Networks, and Collaborative Innovation

Frederick L. Bereskin, Terry L. Campbell II, and Po-Hsuan Hsu .......................175

Is Director Industry Experience Valuable?

Felix von Meyerinck, David Oesch, and Markus Schmid....................................207

Corporate Governance and the Informational Efficiency of Prices

Choonsik Lee, Kee H. Chung, and Sean Yang ....................................................239

Announcements ........................................................................................................................... 261