Fenghua Song
Joseph F. Bradley Fellow of Finance
Associate Professor of Finance
Smeal College of Business, Penn State
song@psu.edu (ssrn) (google scholar)
Journal of Banking & Finance (Associate Editor)
Finance Research Open (Editor)
Finance Theory Group (member)
Bailout Addiction (revise & resubmit for 3rd round)
Purpose, Profit and Social Pressure (w/ Anjan Thakor and Robert Quinn), Journal of Financial Intermediation (2023; lead article)
Market Freeze and Bank Capital Structure Heterogeneity (w/ Anjan Thakor), Management Science (2023)
Ethics, Capital and Talent Competition in Banking (w/ Anjan Thakor), Journal of Financial Intermediation (2022; lead article) (summary at See Far (p.20))
Bank Culture (w/ Anjan Thakor), Journal of Financial Intermediation (2019) (summaries at See Far / Oxford Business Law)
Correlated Leverage and Its Ramifications (w/ Anand Goel and Anjan Thakor), Journal of Financial Intermediation (2014)
Debt Maturity Structure and Credit Quality (w/ Radha Gopalan and Vijay Yerramilli), Journal of Financial and Quantitative Analysis (2014; lead article)
Duration of Executive Compensation (w/ Radha Gopalan, Todd Milbourn and Anjan Thakor), Journal of Finance (2014) (summaries at See Far / Harvard Law School forum)
Notes on Financial System Development and Political Intervention (w/ Anjan Thakor), World Bank Economic Review (2013) (summaries at World Bank Policy Research / Let's Talk Development: a blog hosted by the World Bank's Chief Economist / getAbstract)
Strategic Flexibility and the Optimality of Pay for Sector Performance (w/ Radha Gopalan and Todd Milbourn), 2010, Review of Financial Studies (2010) (summary at Harvard Law School forum)
Financial System Architecture and the Co-evolution of Banks and Capital Markets (w/ Anjan Thakor), The Economic Journal (2010) (summary at VoxEU)
Relationship Banking, Fragility, and the Asset-Liability Matching Problem (w/ Anjan Thakor), Review of Financial Studies (2007)
Information Control, Career Concerns, and Corporate Governance (w/ Anjan Thakor), Journal of Finance (2006)
The Effect of Taxes on the Pricing of Defaultable Debt (w/ Kian Guan Lim and Mitch Warachka), Journal of Risk (2003; lead article)