Issue Information: European Financial Management 5/2018

• DOI: http://doi.org/10.1111/eufm.12155
• Published date: 01 November 2018
• Date: 01 November 2018

Volume 24 Number 5 NOVEMBER 2018

EUROPEAN

FINANCIAL MANAGEMENT

The Journal of the European Financial Management Association

ARTICLES

Worthless Companies 721

J. B. HEATON

Are the Fama French Factors Treated as Risk? Evidence

From CEO compensation 728

JEREMY BERTOMEU, EDWIGE CHEYNEL and

MICHELLE LIU-WATTS

Credit Risk in Banks’ Exposures to Non-Financial Firms 775

MATTEO ACCORNERO, GIUSEPPE CASCARINO,

ROBERTO FELICI, FABIO PARLAPIANO and

ALBERTO MARIA SORRENTINO

Earnout Deals: Method of Initial Payment and Acquirers’ Gains 792

LEONIDAS G. BARBOPOULOS, KRISHNA PAUDYAL

and SUDI SUDARSANAM

The Mixed vs the Integrated Approach to Style Investing:

Much Ado About Nothing? 829

MARKUS LEIPPOLD and ROGER RUEEGG

Persistency of the Momentum Effect 856

HONG-YI CHEN, PIN-HUANG CHOU and

CHIA-HSUN HSIEH

The Effectiveness of Asset, Liability and Equity

Hedging Against Catastrophe Risk: The Cases of Winter

Storms in North America and Europe 893

YANG-CHE WU and MING JING YANG

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. Colin-Dufresne

I. Cooper

M. Cremers

D. Cumming

A. Dasgupta

B. E. Eckbo

A. Edmans

V. Errunza

D. Ferreira

M. A. Ferreira

T. Foucault

M. Giannetti

M. Goergen

C. R. Harvey

D. Hirshleifer

K. John

S. Kaplan

B. Liang

C. Loderer

L. Pelizzon

L. Phalippou

L. Renneboog

J. R. Ritter

J. Rocholl

S. Rossi

G. Rouwenhorst

A. Saunders

H. Servaes

R. Stulz

A. Subrahmanyam

L. Switzer

C. Veld

R. Wermers

L. Zhang ISSN 1354-7798