Journal of Financial Economics

Papers
(The TQCC of Journal of Financial Economics is 35. The table below lists those papers that are above that threshold based on CrossRef citation counts [max. 250 papers]. The publications cover those that have been published in the past four years, i.e., from 2020-05-01 to 2024-05-01.)
ArticleCitations
How much should we trust staggered difference-in-differences estimates?972
Do investors care about carbon risk?951
Sustainable investing in equilibrium738
Corporate green bonds687
Responsible investing: The ESG-efficient frontier686
Corporate immunity to the COVID-19 pandemic650
Impact investing322
Dissecting green returns315
Sustainable investing with ESG rating uncertainty272
The financing of local government in China: Stimulus loan wanes and shadow banking waxes255
Count (and count-like) data in finance251
The Big Three and corporate carbon emissions around the world218
What do you think about climate finance?215
Socially responsible corporate customers205
The real value of China’s stock market195
Air pollution, affect, and forecasting bias: Evidence from Chinese financial analysts186
Machine learning in the Chinese stock market184
Real effects of climate policy: Financial constraints and spillovers178
Consumer-lending discrimination in the FinTech Era172
Stock market liberalization and innovation167
Anatomy of a liquidity crisis: Corporate bonds in the COVID-19 crisis161
Risk management, firm reputation, and the impact of successful cyberattacks on target firms157
Policy uncertainty and corporate credit spreads142
Corporate culture: Evidence from the field137
Financial education affects financial knowledge and downstream behaviors134
Shared analyst coverage: Unifying momentum spillover effects131
Treasury inconvenience yields during the COVID-19 crisis120
Internet searching and stock price crash risk: Evidence from a quasi-natural experiment116
Terrorist attacks and investor risk preference: Evidence from mutual fund flows113
Investor ideology111
Salience theory and stock prices: Empirical evidence107
Does the stock market make firms more productive?105
IQ from IP: Simplifying search in portfolio choice105
Air pollution, behavioral bias, and the disposition effect in China100
On the fast track: Information acquisition costs and information production98
Corporate bond mutual funds and asset fire sales98
Lucky factors97
At the table but can not break through the glass ceiling:Board leadership positions elude diverse directors96
Who's paying attention? Measuring common ownership and its impact on managerial incentives93
Common ownership and competition in product markets92
Capital requirements, risk choice, and liquidity provision in a business-cycle model91
Mood beta and seasonalities in stock returns91
Does common ownership really increase firm coordination?90
Information flows among rivals and corporate investment90
Retail trader sophistication and stock market quality: Evidence from brokerage outages89
Token-based platform finance87
Sophisticated investors and market efficiency: Evidence from a natural experiment85
All the president's friends: Political access and firm value85
Extrapolative beliefs in the cross-section: What can we learn from the crowds?85
Did the paycheck protection program hit the target?84
Bank monitoring: Evidence from syndicated loans82
Flattening the curve: Pandemic-Induced revaluation of urban real estate81
Understanding momentum and reversal81
Can FinTech reduce disparities in access to finance? Evidence from the Paycheck Protection Program80
Fund tradeoffs80
Asset pricing: A tale of night and day80
The persistent effect of initial success: Evidence from venture capital79
In sickness and in debt: The COVID-19 impact on sovereign credit risk78
CEO-board dynamics77
The local innovation spillovers of listed firms76
Loan guarantees and credit supply75
Bank liquidity provision across the firm size distribution74
The price effects of liquidity shocks: A study of the SEC’s tick size experiment73
On the performance of volatility-managed portfolios73
On the direct and indirect real effects of credit supply shocks73
Spillover effects in empirical corporate finance72
The democratization of investment research and the informativeness of retail investor trading72
Risk perceptions and politics: Evidence from the COVID-19 pandemic72
When the local newspaper leaves town: The effects of local newspaper closures on corporate misconduct72
Do dividends convey information about future earnings?72
Tick size, liquidity for small and large orders, and price informativeness: Evidence from the Tick Size Pilot Program71
Democracy and credit69
Concentration of control rights in leveraged loan syndicates67
Long-term reversals in the corporate bond market67
Security analysts and capital market anomalies65
Inspecting the mechanism of quantitative easing in the euro area65
Mutual fund investments in private firms65
Market efficiency in the age of big data64
Systematic risk, debt maturity, and the term structure of credit spreads64
Dancing with activists64
Is conflicted investment advice better than no advice?63
Firm selection and corporate cash holdings62
Corporate actions and the manipulation of retail investors in China: An analysis of stock splits62
The cross-section of intraday and overnight returns61
Targeted monetary policy and bank lending behavior58
Venture capital contracts58
A picture is worth a thousand words: Measuring investor sentiment by combining machine learning and photos from news57
Surprise election for Trump connections57
Subnational debt of China: The politics-finance nexus57
Investor experiences and financial market dynamics57
Taming the bias zoo56
Credit migration and covered interest rate parity56
Game on: Social networks and markets56
Uncertainty, access to debt, and firm precautionary behavior55
Macroprudential FX regulations: Shifting the snowbanks of FX vulnerability?55
What you see is not what you get: The costs of trading market anomalies54
Do people feel less at risk? Evidence from disaster experience54
Access to public capital markets and employment growth54
Accounting for financial stability: Bank disclosure and loss recognition in the financial crisis54
Color and credit: Race, regulation, and the quality of financial services52
Business cycles and currency returns52
Does mutual fund illiquidity introduce fragility into asset prices? Evidence from the corporate bond market51
Sticking to your plan: The role of present bias for credit card paydown51
Premium for heightened uncertainty: Explaining pre-announcement market returns51
Optimal financing with tokens50
Reducing information frictions in venture capital: The role of new venture competitions50
Bitcoin’s limited adoption problem50
Common shocks in stocks and bonds49
It’s not so bad: Director bankruptcy experience and corporate risk-taking49
Short-term debt and incentives for risk-taking48
Decomposing firm value48
It’s what you say and what you buy: A holistic evaluation of the corporate credit facilities48
Contracts with (Social) benefits: The implementation of impact investing47
Do limits to arbitrage explain the benefits of volatility-managed portfolios?47
Music sentiment and stock returns around the world47
Factors and risk premia in individual international stock returns47
Disguised corruption: Evidence from consumer credit in China47
The conditional expected market return47
Let the rich be flooded: The distribution of financial aid and distress after hurricane harvey47
Risk-free interest rates46
Identifying and boosting “Gazelles”: Evidence from business accelerators45
Reconstructing the yield curve45
Macro news and micro news: Complements or substitutes?45
Open banking: Credit market competition when borrowers own the data45
Central bank communication and the yield curve45
The electronic evolution of corporate bond dealers44
The term structure of equity risk premia44
Betting against betting against beta44
Shielding firm value: Employment protection and process innovation44
The Sources of Financing Constraints44
Windfall gains and stock market participation44
Time-varying inflation risk and stock returns44
CoCo issuance and bank fragility43
Is there a zero lower bound? The effects of negative policy rates on banks and firms43
Portfolio similarity and asset liquidation in the insurance industry43
Intraday arbitrage between ETFs and their underlying portfolios43
IPO peer effects42
Corporate flexibility in a time of crisis42
The short duration premium42
Hedging macroeconomic and financial uncertainty and volatility42
Asymmetric information risk in FX markets42
The design and transmission of central bank liquidity provisions41
And the children shall lead: Gender diversity and performance in venture capital41
Dissecting bankruptcy frictions41
Salience theory and the cross-section of stock returns: International and further evidence41
Diagnostic bubbles41
Hedging demand and market intraday momentum40
Compensation disclosures and strategic commitment: Evidence from revenue-based pay40
The micro and macro of managerial beliefs40
Institutional allocations in the primary market for corporate bonds40
Bias in the effective bid-ask spread40
Time-varying demand for lottery: Speculation ahead of earnings announcements39
Asset pricing with return extrapolation39
Oil volatility risk39
A factor model for option returns38
The cost of steering in financial markets: Evidence from the mortgage market38
Global currency hedging with common risk factors38
Risky bank guarantees38
Mispricing, short-sale constraints, and the cross-section of option returns38
Temperature shocks and industry earnings news37
Global market inefficiencies37
News as sources of jumps in stock returns: Evidence from 21 million news articles for 9000 companies37
Are disagreements agreeable? Evidence from information aggregation37
Retail shareholder participation in the proxy process: Monitoring, engagement, and voting37
Pervasive underreaction: Evidence from high-frequency data37
Signaling safety37
Does the lack of financial stability impair the transmission of monetary policy?37
Portfolio choice with sustainable spending: A model of reaching for yield36
Collateral and asymmetric information in lending markets36
Sovereign credit risk and exchange rates: Evidence from CDS quanto spreads36
Overnight returns, daytime reversals, and future stock returns36
The effect of media-linked directors on financing and external governance36
The role of financial conditions in portfolio choices: The case of insurers36
Activism and empire building36
Is the credit spread puzzle a myth?36
Issuance overpricing of China's corporate debt securities35
Global factor premiums35
Regulatory cooperation and foreign portfolio investment35
The paradox of pledgeability35
Competition, profitability, and discount rates35
The telegraph and modern banking development, 1881–193635
Monetary policy at work: Security and credit application registers evidence35
Do activist hedge funds target female CEOs? The role of CEO gender in hedge fund activism35
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