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The Review of Financial Studies is a major forum for the promotion and wide dissemination of significant new research in financial economics. As reflected by its broadly based editorial board, the Review balances theoretical and empirical contributions. The primary criteria for publishing a paper are its quality and importance to the field of finance, without undue regard to its technical difficulty. Finance is interpreted broadly to include the interface between finance and economics. The Review is sponsored by The Society for Financial Studies. The editors of the Review and officers of the Society are elected for limited terms.

Publisher: Oxford University Press

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Volume 22, Number 7, 1 July 2009

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Is the Market for Mortgage-Backed Securities a Market for Lemons?
pp. 2257-2294(38)
Authors: Downing, Chris; Jaffee, Dwight; Wallace, Nancy

Are Market Neutral Hedge Funds Really Market Neutral
pp. 2295-2330(36)
Author: Patton, Andrew J.

How Smart Are the Smart Guys A Unique View from Hedge Fund Stock Holdings
pp. 2331-2370(40)
Authors: Griffin, John M.; Xu, Jin

New Measures for Performance Evaluation
pp. 2371-2406(36)
Authors: Cherny, Alexander; Madan, Dilip

Liquidity and Market Crashes
pp. 2407-2443(37)
Authors: Huang, Jennifer; Wang, Jiang

The Wall Street Walk and Shareholder Activism: Exit as a Form of Voice
pp. 2445-2485(41)
Authors: Admati, Anat R.; Pfleiderer, Paul

Testing Portfolio Efficiency with Conditioning Information
pp. 2535-2558(24)
Authors: Ferson, Wayne E.; Siegel, Andrew F.

Optimal Filtering of Jump Diffusions: Extracting Latent States from Asset Prices
pp. 2559-2599(41)
Authors: Johannes, Michael S.; Polson, Nicholas G.; Stroud, Jonathan R.

Time-Varying Risk Premiums and the Output Gap
pp. 2601-2633(33)
Authors: Cooper, Ilan; Priestley, Richard

On Loan Sales, Loan Contracting, and Lending Relationships
pp. 2635-2672(38)
Authors: Drucker, Steven; Puri, Manju

Corruption, Political Connections, and Municipal Finance
pp. 2673-2705(33)
Authors: Butler, Alexander W.; Fauver, Larry; Mortal, Sandra

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