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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 8, 29 August 2009

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Editorial Board
pp. i-i(1)

Forthcoming Articles
pp. ii-ii(1)

Contents
pp. iii-iii(1)

Government Control of Privatized Firms
pp. 2907-2939(33)
Authors: Bortolotti, Bernardo; Faccio, Mara

Strategic Financial Innovation in Segmented Markets
pp. 2941-2971(31)
Authors: Rahi, Rohit; Zigrand, Jean-Pierre

Do Shareholder Rights Affect the Cost of Bank Loans
pp. 2973-3004(32)
Authors: Chava, Sudheer; Livdan, Dmitry; Purnanandam, Amiyatosh

Entrepreneurial Learning, the IPO Decision, and the Post-IPO Drop in Firm Profitability
pp. 3005-3046(42)
Authors: Pstor, ubo; Taylor, Lucian A.; Veronesi, Pietro

How Are U.S. Family Firms Controlled
pp. 3047-3091(45)
Authors: Villalonga, Beln; Amit, Raphael

Returns to Shareholder Activism: Evidence from a Clinical Study of the Hermes UK Focus Fund
pp. 3093-3129(37)
Authors: Becht, Marco; Franks, Julian; Mayer, Colin; Rossi, Stefano

Differences in Governance Practices between U.S. and Foreign Firms: Measurement, Causes, and Consequences
pp. 3131-3169(39)
Authors: Aggarwal, Reena; Erel, Isil; Stulz, Ren; Williamson, Rohan

The Euro and Corporate Valuations
pp. 3171-3209(39)
Authors: Bris, Arturo; Koskinen, Yrj; Nilsson, Mattias

Does Asymmetric Information Drive Capital Structure Decisions
pp. 3211-3243(33)
Authors: Bharath, Sreedhar T.; Pasquariello, Paolo; Wu, Guojun

Do Foreigners Invest Less in Poorly Governed Firms
pp. 3245-3285(41)
Authors: Leuz, Christian; Lins, Karl V.; Warnock, Francis E.

The Effects and Unintended Consequences of the Sarbanes-Oxley Act on the Supply and Demand for Directors
pp. 3287-3328(42)
Authors: Linck, James S.; Netter, Jeffry M.; Yang, Tina

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