Issue Information: European Financial Management 5/2022

• Published date: 01 November 2022
• Date: 01 November 2022
• DOI: http://doi.org/10.1111/eufm.12322

EUROPEAN FINANCIAL MANAGEMENT

Volume 28 , Number 5 , NOVEMBER 2022

Volume 28 Number 5 NOVEMBER 2022

EUROPEAN

FINANCIAL MANAGEMENT

The Journal of the European Financial Management Association

ARTICLES

Pricing Art and the Art of Pricing: On Returns and Risk in Art

Auction Markets

YUEXIN LI, MARSHALL XIAOYIN MA and LUC RENNEBOOG

1139

Systemic Risk and Centrality: The Role of Interactions

HOSSEIN ASGHARIAN, DOMINIKA KRYGIER

and ANDERS VILHELMSSON

1199

Dynamic Optimal Restructuring Policies under Debt

Renegotiation with Positive Externalities

PENGFEI LUO, YINGXIAN TAN and JINQIANG YANG

1227

Settling Down: T+2 Settlement Cycle and Liquidity

AHMED BAIG, STEPHEN BREEZE, JUSTIN COX

and TODD GRIFFITH

1260

Investing for Retirement: Terminal Wealth Constraints or a

Desired Wealth Target?

CATHERINE DONNELLY, GAURAV KHEMKA

and WILLIAM LIM

1283

ETF Ownership and Corporate Cash Holdings

IZIDIN EL KALAK and ONUR K. TOSUN

1308

SME Investment and Financing under Asymmetric Information

YAO WANG, HAI ZHANG and ZHIMING ZHAO

1347

Married CEOs and Stock Price Crash Risk

JEONG-BON KIM, SHUSHU LIAO and YANGKE LIU

1376

Whose Speeches Impact European Markets: ECB's or the

National Central Banks'?

ABHINAV ANAND, SANKARSHAN BASU, JALAJ PATHAK

and ASHOK THAMPY

1413

Law Enforcement Spillover Effects in the Financial Sector

SHIVAM AGARWAL and CAL B. MUCKLEY

1477

MANAGING EDITOR:

John A. Doukas

EDITORS:

Julian Franks

Pekka Hietala

Michael C. Jensen

Larry Lang

Colin Mayer

ADVISORY EDITORS:

Elroy Dimson

Stefano W. Giglio

Tim Jenkinson

Maureen O’Hara

Bruno Solnik

Sheridan Titman

Luigi Zingales

EDITORIAL BOARD:

R. Adams

F. Allen

M. Baker

G. Barone-Adesi

T. G. Bali

M. Becht

B. Biais

G. M. Bodnar

A. Buraschi

P. Collin-Dufresne

I. Cooper

M. Cremers

D. Cumming

A. Dasgupta

F. Dong

B. E. Eckbo

A. Edmans

V. Errunza

D. Ferreira

M. A. Ferreira

T. Foucault

M. Giannetti

M. Goergen

A. Golubov

C. R. Harvey

D. Hirshleifer

S. Kaplan

B. Liang

R. Michaely

L. Pelizzon

L. Phalippou

P. R. Rau

L. Renneboog

J. R. Ritter

S. Rossi

G. Rouwenhorst

A. Saunders

H. Servaes

R. Stulz

A. Subrahmanyam

C. Veld

R. Wermers

L. Zhang

ISSN 1354-7798