Fenghua Song

Pennsylvania State University - Smeal College of Business

Assistant Professor of Finance

University Park, PA 16802

United States

http://www.personal.psu.edu/fxs16

SCHOLARLY PAPERS

16

DOWNLOADS
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CITATIONS
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in Total Papers Citations

145

Scholarly Papers (16)

Financial System Architecture and the Co-Evolution of Banks and Capital Markets

Third Singapore International Conference on Finance 2009
Number of pages: 40 Posted: 30 Jan 2006 Last Revised: 22 Jul 2009
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 548 (38,785)
Citation 12

Abstract:

Financial System Architecture, Bank Evolution, Capital Market Evolution

Financial System Architecture and the Co-Evolution of Banks and Capital Markets

The Economic Journal, Forthcoming
Number of pages: 41 Posted: 05 Sep 2009 Last Revised: 29 Jan 2010
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 171 (142,949)
Citation 12

Abstract:

2.

The Optimal Duration of Executive Compensation: Theory and Evidence

AFA 2012 Chicago Meetings Paper
Number of pages: 43 Posted: 10 Aug 2010 Last Revised: 09 Jan 2013
Washington University in St. Louis - John M. Olin Business School, Washington University in Saint Louis - Olin Business School, Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 634 (28,085)
Citation 14

Abstract:

Executive Compensation, Vesting, Duration, Managerial Myopia, Corporate Governance

3.

Debt Maturity Structure and Credit Quality

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 43 Posted: 29 Oct 2009 Last Revised: 28 Jan 2013
Washington University in St. Louis - John M. Olin Business School, Pennsylvania State University - Smeal College of Business and University of Houston, C. T. Bauer College of Business
Downloads 568 (33,276)
Citation 6

Abstract:

Rollover risk, Debt maturity, Credit rating

4.

Duration of Executive Compensation

Journal of Finance, Forthcoming
Number of pages: 50 Posted: 09 Jan 2013
Washington University in St. Louis - John M. Olin Business School, Washington University in Saint Louis - Olin Business School, Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 363 (52,262)
Citation 14

Abstract:

executive compensation, vesting, duration, managerial myopia, corporate governance

Relationship Banking, Fragility and the Asset-Liability Matching Problem

Review of Financial Studies, Forthcoming
Number of pages: 50 Posted: 08 Aug 2006
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 308 (78,349)
Citation 19

Abstract:

Correlated Leverage and Its Ramifications

Number of pages: 49 Posted: 18 Mar 2009 Last Revised: 18 Mar 2014
Anand M. Goel, Fenghua Song and Anjan V. Thakor
Navigant Consulting, Inc., Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 266 (92,341)

Abstract:

Housing Market, Collateral, Bank Leverage, Borrower Leverage

Correlated Leverage and Its Ramifications

Journal of Financial Intermediation, Forthcoming
Number of pages: 51 Posted: 05 Aug 2014 Last Revised: 30 Oct 2014
Anand M. Goel, Fenghua Song and Anjan V. Thakor
Navigant Consulting, Inc., Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 28 (409,279)

Abstract:

leverage, high house prices, financial fragility, bank capital

7.

Strategic Flexibility and the Optimality of Pay for Luck

Number of pages: 45 Posted: 08 Sep 2007 Last Revised: 17 Sep 2009
Washington University in St. Louis - John M. Olin Business School, Washington University in Saint Louis - Olin Business School and Pennsylvania State University - Smeal College of Business
Downloads 279 (84,347)
Citation 21

Abstract:

CEO Compensation, Strategy, Pay for Luck, Corporate Governance

Information Control, Career Concerns and Corporate Governance

Journal of Finance, No. 4, August 2006
Number of pages: 56 Posted: 08 Aug 2006
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 181 (135,775)
Citation 37

Abstract:

Information Control, Career Concerns and Corporate Governance

Journal of Finance, Forthcoming
Posted: 27 Apr 2005
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business

Abstract:

9.

Strategic Flexibility and the Optimality of Pay for Sector Performance

Review of Financial Studies, Forthcoming
Number of pages: 47 Posted: 21 Sep 2009
Washington University in St. Louis - John M. Olin Business School, Washington University in Saint Louis - Olin Business School and Pennsylvania State University - Smeal College of Business
Downloads 167 (141,470)
Citation 22

Abstract:

10.

Notes on Financial System Development and Political Intervention

World Bank Economic Review, Forthcoming
Number of pages: 34 Posted: 24 Feb 2012 Last Revised: 30 Apr 2012
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 97 (216,885)

Abstract:

financial system development, systemic risk, political intervention

11.

Disagreement, the Value of Autonomy, and Incentive Contracting

Number of pages: 42 Posted: 06 Apr 2007
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 91 (227,674)

Abstract:

12.

Notes on Financial System Development and Political Intervention

World Bank Policy Research Working Paper No. 6350
Number of pages: 36 Posted: 20 Apr 2016
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 82 (230,888)

Abstract:

Access to Finance, Banks & Banking Reform, Debt Markets, Bankruptcy and Resolution of Financial Distress, Financial Intermediation

13.

Blockholder Short-Term Incentives, Structures, and Governance

Number of pages: 47 Posted: 30 Oct 2014 Last Revised: 01 Nov 2014
Fenghua Song
Pennsylvania State University - Smeal College of Business
Downloads 62 (204,111)

Abstract:

blockholder, exit, voice, short-term incentives, career concerns, investment myopia

14.

Blockholder Trading and Monitoring, Career Concerns, and the Bright and Dark Sides of Investor 'Long-Termism'

Number of pages: 51 Posted: 05 Nov 2013
Fenghua Song
Pennsylvania State University - Smeal College of Business
Downloads 53 (272,370)

Abstract:

Blockholder exit, Blockholder voice, Career concerns, Investment myopia

15.

Redemption Fees and Information-Based Runs

Number of pages: 69 Posted: 19 Jun 2016 Last Revised: 20 Jun 2016
Stephen L. Lenkey and Fenghua Song
Pennsylvania State University and Pennsylvania State University - Smeal College of Business
Downloads 0 (352,888)

Abstract:

Runs, Redemption fees, Learning, Payoff externality, Last-mover advantage

16.

Bank Culture

Number of pages: 40 Posted: 26 Feb 2016
Fenghua Song and Anjan V. Thakor
Pennsylvania State University - Smeal College of Business and Washington University, Saint Louis - John M. Olin School of Business
Downloads 0 (172,522)

Abstract:

Bank culture, Multi-tasking problem, Competition, Bank capital, Safety nets