Contents: European Financial Management 5/2016

• DOI: http://doi.org/10.1111/eufm.12077
• Date: 01 November 2016
• Published date: 01 November 2016

EUROPEAN

FINANCIAL MANAGEMENT

The Journal of the European Financial Management Association

VOLUME 22, NUMBER 5

NOVEMBER 2016

Empirical Analysis of the Intertemporal Relationship between Downside

Risk and Expected Returns: Evidence from Time-varying Transition

Probability Models 749

CATHY YI-HSUAN CHEN and THOMAS C. CHIANG

Style Migration in Europe 797

JOHN PAUL BROUSSARD, JUSSI MIKKONEN and

VESA PUTTONEN

Cross Economic Determinants of Implied Volatility Smile Dynamics:

Three Major European Currency Options 817

QIAN HAN, JUFANG LIANG and BOQIANG WU

Affi ne-Structure Models and the Pricing of Energy Commodity Derivatives 853

IOANNIS KYRIAKOU, NIKOS K. NOMIKOS,

NIKOS C. PAPAPOSTOLOU and PANOS K. POULIASIS

The Evolution of Informed Liquidity Provision: Evidence from an

Order-driven Market 882

MARVIN WEE and JOEY W. YANG

Corporate Governance and Firm-specifi c Stock Price Crashes 916

PANAYIOTIS C. ANDREOU, CONSTANTINOS ANTONIOU,

JOANNE HORTON and CHRISTODOULOS LOUCA

Why Are Successive Cohorts of Listed Firms Persistently Riskier? 957

ANUP SRIVASTAVA and SENYO Y. TSE

The Impact of the 2011 Short-Sale Ban on Financial Stability: Evidence

from the Spanish Stock Market 1001

ÓSCAR ARCE and SERGIO MAYORDOMO

747