Journal of Finance

Article	Citations
Is Bitcoin Really Untethered?	294
Tracking Retail Investor Activity	266
Declining Labor and Capital Shares	235
Local Crowding‐Out in China	207
Common Risk Factors in Cryptocurrency	204
Firm‐Level Climate Change Exposure	158
Banking on Deposits: Maturity Transformation without Interest Rate Risk	137
Attention‐Induced Trading and Returns: Evidence from Robinhood Users	133
Predictably Unequal? The Effects of Machine Learning on Credit Markets	130
Presidential Address: Social Transmission Bias in Economics and Finance	127
The Limits of Limited Liability: Evidence from Industrial Pollution	119
Foreign Safe Asset Demand and the Dollar Exchange Rate	113
The Pollution Premium	105
The Impact of Supervision on Bank Performance	103
Weathering Cash Flow Shocks	95
Partisan Professionals: Evidence from Credit Rating Analysts	93
The Wisdom of the Robinhood Crowd	93
Low‐Risk Anomalies?	92
The Causal Effect of Limits to Arbitrage on Asset Pricing Anomalies	91
Stock Market Returns and Consumption	89
Subjective Cash Flow and Discount Rate Expectations	88
Factor Momentum and the Momentum Factor	87
Every Cloud Has a Silver Lining: Fast Trading, Microwave Connectivity, and Trading Costs	82
Fire‐Sale Spillovers and Systemic Risk	82
Anomalies and the Expected Market Return	82

Political Connections and the Informativeness of Insider Trades	73
Institutional Investors and Corporate Governance: The Incentive to Be Engaged	70
The Misguided Beliefs of Financial Advisors	68
Leverage Dynamics without Commitment	66
Prospect Theory and Stock Market Anomalies	66
Measuring Mutual Fund Flow Pressure as Shock to Stock Returns	64
Equilibrium Bitcoin Pricing	63
Bank Market Power and Monetary Policy Transmission: Evidence from a Structural Estimation	62
Is There a Replication Crisis in Finance?	59
Do Intermediaries Matter for Aggregate Asset Prices?	59
Going the Extra Mile: Distant Lending and Credit Cycles	58
Time Variation of the Equity Term Structure	58
Understanding Systematic Risk: A High‐Frequency Approach	58
Talent in Distressed Firms: Investigating the Labor Costs of Financial Distress	57
The Mismatch Between Mutual Fund Scale and Skill	57
Global Pricing of Carbon‐Transition Risk	54
Do Firms Respond to Gender Pay Gap Transparency?	53
Information Consumption and Asset Pricing	53
What Explains Differences in Finance Research Productivity during the Pandemic?	53
The Loan Covenant Channel: How Bank Health Transmits to the Real Economy	53
False (and Missed) Discoveries in Financial Economics	52
Fire‐Sale Spillovers in Debt Markets	52
The Fragility of Market Risk Insurance	51
Predictable Financial Crises	51
Rising Intangible Capital, Shrinking Debt Capacity, and the U.S. Corporate Savings Glut	50
Do Equity Markets Care about Income Inequality? Evidence from Pay Ratio Disclosure	48
Bank Quality, Judicial Efficiency, and Loan Repayment Delays in Italy	48
Volatility Expectations and Returns	47
Liquidity Supply in the Corporate Bond Market	47
Bad Credit, No Problem? Credit and Labor Market Consequences of Bad Credit Reports	46
Credit Rating Inflation and Firms' Investments	45
Mortgage Design in an Equilibrium Model of the Housing Market	45
Leverage Regulation and Market Structure: A Structural Model of the U.K. Mortgage Market	44
Presidential Address: Corporate Finance and Reality	43
The Employment Effects of Faster Payment: Evidence from the Federal Quickpay Reform	43
Belief Disagreement and Portfolio Choice	43
Valuing Private Equity Investments Strip by Strip	42
Don't Take Their Word for It: The Misclassification of Bond Mutual Funds	42
How Debit Cards Enable the Poor to Save More	42
The Misallocation of Finance	42
Monetary Policy and Asset Valuation	42
No Job, No Money, No Refi: Frictions to Refinancing in a Recession	40
Inalienable Customer Capital, Corporate Liquidity, and Stock Returns	40
The Banking View of Bond Risk Premia	39
Do Household Wealth Shocks Affect Productivity? Evidence from Innovative Workers During the Great Recession	39
Presidential Address: Sustainable Finance and ESG Issues—ValueversusValues	39
Currency Mispricing and Dealer Balance Sheets	39
Bayesian Solutions for the Factor Zoo: We Just Ran Two Quadrillion Models	39
Market Structure and Transaction Costs of Index CDSs	38
Who Wears the Pants? Gender Identity Norms and Intrahousehold Financial Decision‐Making	37

Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy	37
The Limits of Model‐Based Regulation	37
Monetary Policy and Reaching for Income	36
Informational Frictions and the Credit Crunch	36
The Forced Safety Effect: How Higher Capital Requirements Can Increase Bank Lending	34
Are CEOs Different?	34
Out‐of‐Town Home Buyers and City Welfare	33
A Theory of Zombie Lending	33
The Anatomy of the Transmission of Macroprudential Policies	32
A Macrofinance View of U.S. Sovereign CDS Premiums	32
Can the Market Multiply and Divide? Non‐Proportional Thinking in Financial Markets	32
Commodity Financialization and Information Transmission	32
Barbarians at the Store? Private Equity, Products, and Consumers	32
Inequality Aversion, Populism, and the Backlash against Globalization	31
The Limits of p‐Hacking: Some Thought Experiments	31
Decentralization through Tokenization	31
The Private Production of Safe Assets	31
Reinvestment Risk and the Equity Term Structure	30
Trading Costs and Informational Efficiency	30
Testing Disagreement Models	29
Equilibrium Asset Pricing with Leverage and Default	29
Monetary Policy and Global Banking	29
Model‐Free International Stochastic Discount Factors	28
Asset Managers: Institutional Performance and Factor Exposures	28
Volatility, Valuation Ratios, and Bubbles: An Empirical Measure of Market Sentiment	28
The Perception of Dependence, Investment Decisions, and Stock Prices	28
Specialization in Bank Lending: Evidence from Exporting Firms	27
Real Estate Shocks and Financial Advisor Misconduct	27
Reusing Natural Experiments	27
Skill, Scale, and Value Creation in the Mutual Fund Industry	27
Learning From Disagreement in the U.S. Treasury Bond Market	27
Common Ownership Does Not Have Anticompetitive Effects in the Airline Industry	26
Financial Fragility with SAM?	25
Did FinTech Lenders Facilitate PPP Fraud?	25
Sentiment Trading and Hedge Fund Returns	25
Stock Market's Assessment of Monetary Policy Transmission: The Cash Flow Effect	25
Cultural Biases in Equity Analysis	24
Structuring Mortgages for Macroeconomic Stability	24
Female Representation in the Academic Finance Profession	24
Borrowing to Save? The Impact of Automatic Enrollment on Debt	24
A New Test of Risk Factor Relevance	24
The Value of Central Clearing	23
Non‐Deal Roadshows, Informed Trading, and Analyst Conflicts of Interest	23
Inventory Management, Dealers' Connections, and Prices in Over‐the‐Counter Markets	22
How Do Financial Constraints Affect Product Pricing? Evidence from Weather and Life Insurance Premiums	21
Model Comparison with Transaction Costs	21
Safety Transformation and the Structure of the Financial System	21
CEO Political Leanings and Store‐Level Economic Activity during the COVID‐19 Crisis: Effects on Shareholder Value and Public Health	20
Pockets of Predictability	20
Asset Pricing and Sports Betting	20
Information Inertia	20
Cash Flow News and Stock Price Dynamics	20
Economic Stimulus at the Expense of Routine‐Task Jobs	19
Clients' Connections: Measuring the Role of Private Information in Decentralized Markets	19
Who Owns What? A Factor Model for Direct Stockholding	19
Forced Entrepreneurs	18
Duration‐Driven Returns	18
Is There a Risk Premium in the Stock Lending Market? Evidence from Equity Options	18
Mutual Fund Holdings of Credit Default Swaps: Liquidity, Yield, and Risk	18
Quantifying Reduced‐Form Evidence on Collateral Constraints	18
The Gender Gap in Housing Returns	17
The Cross Section of MBS Returns	17
Price and Probability: Decomposing the Takeover Effects of Anti‐Takeover Provisions	17
Increasing Enrollment in Income‐Driven Student Loan Repayment Plans: Evidence from the Navient Field Experiment	17
Modeling Corporate Bond Returns	16
Stock Market Spillovers via the Global Production Network: Transmission of U.S. Monetary Policy	16
Intermediation Variety	16
Resource Allocation in Bank Supervision: Trade‐Offs and Outcomes	16
Monetary Policy Spillovers through Invoicing Currencies	15
Property Rights to Client Relationships and Financial Advisor Incentives	14
Retail Trading in Options and the Rise of the Big Three Wholesalers	14
Late to Recessions: Stocks and the Business Cycle	14
Regulation of Charlatans in High‐Skill Professions	14
Financial Crisis, Creditor‐Debtor Conflict, and Populism	14
The Economics of Hedge Fund Startups: Theory and Empirical Evidence	13
Presidential Address: How Much “Rationality” Is There in Bond‐Market Risk Premiums?	13
Negative Home Equity and Household Labor Supply	13
Rents and Intangible Capital: A Q+ Framework	13
Employee Costs of Corporate Bankruptcy	13
Pricing Currency Risks	13

Information Asymmetry, Mispricing, and Security Issuance	13
Financial Crises and Political Radicalization: How Failing Banks Paved Hitler's Path to Power	13
Do Physiological and Spiritual Factors Affect Economic Decisions?	12
Model Secrecy and Stress Tests	12
Long‐Run Risk: Is It There?	12
Rent Extraction with Securities Plus Cash	12
The Capitalization of Consumer Financing into Durable Goods Prices	12
Do Municipal Bond Dealers Give Their Customers “Fair and Reasonable” Pricing?	12
Integrating Factor Models	12
Debt Refinancing and Equity Returns	12
Leveraged Funds and the Shadow Cost of Leverage Constraints	11
For Richer, for Poorer: Bankers' Liability and Bank Risk in New England, 1867 to 1880	10
Principal Portfolios	10
Luck versus Skill in the Cross Section of Mutual Fund Returns: Reexamining the Evidence	10
Asset Pricing with Cohort‐Based Trading in MBS Markets	10
A Model of Systemic Bank Runs	9
Risk Management in Financial Institutions: A Replication	9
Anonymous Trading in Equities	9
Are Analyst Short‐Term Trade Ideas Valuable?	9
The Cost of Capital for Banks: Evidence from Analyst Earnings Forecasts	9
A Dynamic Model of Optimal Creditor Dispersion	8
Rare Disasters, Financial Development, and Sovereign Debt	8
When Should Bankruptcy Law Be Creditor‐ or Debtor‐Friendly? Theory and Evidence	8
The Impact of Repossession Risk on Mortgage Default	7
Pledgeability and Asset Prices: Evidence from the Chinese Corporate Bond Markets	7
International Yield Curves and Currency Puzzles	7
A Unified Model of Firm Dynamics with Limited Commitment and Assortative Matching	7
(Re‐)Imag(in)ing Price Trends	7
Monetary Stimulus amidst the Infrastructure Investment Spree: Evidence from China's Loan‐Level Data	7
Dissecting Conglomerate Valuations	7
Retail Financial Innovation and Stock Market Dynamics: The Case of Target Date Funds	6
Optimal Financial Transaction Taxes	6
Option Momentum	6
Fully Closed: Individual Responses to Realized Gains and Losses	6
Selling Fast and Buying Slow: Heuristics and Trading Performance of Institutional Investors	6
(Why) Do Central Banks Care about Their Profits?	6
Can Security Design Foster Household Risk‐Taking?	6
Investor Tax Credits and Entrepreneurship: Evidence from U.S. States	6
Risk‐Sharing and the Term Structure of Interest Rates	6
Limited Risk Sharing and International Equity Returns	6
Liquidity Fluctuations in Over‐the‐Counter Markets	6
Import Competition and Household Debt	6
The Two‐Pillar Policy for the RMB	6
The Virtue of Complexity in Return Prediction	6
Loan Terms and Collateral: Evidence from the Bilateral Repo Market	6
Attention Spillover in Asset Pricing	5
Optimal Sequential Selling Mechanism and Deal Protections in Mergers and Acquisitions	5
The Economics of Deferral and Clawback Requirements	5
CLO Performance	5
Payment System Externalities	5
Moral Hazard versus Liquidity in Household Bankruptcy	5
The Price of Higher Order Catastrophe Insurance: The Case of VIX Options	4
Stock Market and No‐Dividend Stocks	4
Less Mainstream Credit, More Payday Borrowing? Evidence from Debt Collection Restrictions	4
Do Market Prices Improve the Accuracy of Court Valuations in Chapter 11?	4
Public Thrift, Private Perks: Signaling Board Independence with Executive Pay	4
Biased Auctioneers	4
Front‐Page News: The Effect of News Positioning on Financial Markets	4
Naïve Buying Diversification and Narrow Framing by Individual Investors	4
Competition and Misconduct	4
Liquidity, Volume, and Order Imbalance Volatility	4