Journal of Finance

Article	Citations
Tracking Retail Investor Activity	344
Firm‐Level Climate Change Exposure	317
Common Risk Factors in Cryptocurrency	263
Attention‐Induced Trading and Returns: Evidence from Robinhood Users	200
The Pollution Premium	189
Banking on Deposits: Maturity Transformation without Interest Rate Risk	181
Predictably Unequal? The Effects of Machine Learning on Credit Markets	176
Foreign Safe Asset Demand and the Dollar Exchange Rate	151
Weathering Cash Flow Shocks	140
Global Pricing of Carbon‐Transition Risk	140
The Wisdom of the Robinhood Crowd	136
Is There a Replication Crisis in Finance?	134
Institutional Investors and Corporate Governance: The Incentive to Be Engaged	112
Partisan Professionals: Evidence from Credit Rating Analysts	111
Factor Momentum and the Momentum Factor	111
Anomalies and the Expected Market Return	110
Subjective Cash Flow and Discount Rate Expectations	106
Presidential Address: Sustainable Finance and ESG Issues—ValueversusValues	103
Fire‐Sale Spillovers and Systemic Risk	101
Equilibrium Bitcoin Pricing	98
Prospect Theory and Stock Market Anomalies	86
Bank Market Power and Monetary Policy Transmission: Evidence from a Structural Estimation	86
Rising Intangible Capital, Shrinking Debt Capacity, and the U.S. Corporate Savings Glut	83
Leverage Dynamics without Commitment	79
The Misguided Beliefs of Financial Advisors	76

Predictable Financial Crises	76
Presidential Address: Corporate Finance and Reality	74
Talent in Distressed Firms: Investigating the Labor Costs of Financial Distress	72
Do Firms Respond to Gender Pay Gap Transparency?	71
Do Intermediaries Matter for Aggregate Asset Prices?	71
Time Variation of the Equity Term Structure	70
Fire‐Sale Spillovers in Debt Markets	69
Going the Extra Mile: Distant Lending and Credit Cycles	68
Do Equity Markets Care about Income Inequality? Evidence from Pay Ratio Disclosure	67
The Loan Covenant Channel: How Bank Health Transmits to the Real Economy	66
Belief Disagreement and Portfolio Choice	63
Monetary Policy and Asset Valuation	63
Liquidity Supply in the Corporate Bond Market	62
The Fragility of Market Risk Insurance	62
What Explains Differences in Finance Research Productivity during the Pandemic?	61
Volatility Expectations and Returns	56
Valuing Private Equity Investments Strip by Strip	55
The Misallocation of Finance	55
Who Wears the Pants? Gender Identity Norms and Intrahousehold Financial Decision‐Making	54
Leverage Regulation and Market Structure: A Structural Model of the U.K. Mortgage Market	53
A Theory of Zombie Lending	51
Bayesian Solutions for the Factor Zoo: We Just Ran Two Quadrillion Models	51
Don't Take Their Word for It: The Misclassification of Bond Mutual Funds	49
Currency Mispricing and Dealer Balance Sheets	49
How Debit Cards Enable the Poor to Save More	46
Commodity Financialization and Information Transmission	46
Specialization in Bank Lending: Evidence from Exporting Firms	46
Decentralization through Tokenization	46
Testing Disagreement Models	46
Reusing Natural Experiments	44
The Limits of Model‐Based Regulation	44
Barbarians at the Store? Private Equity, Products, and Consumers	43
Did FinTech Lenders Facilitate PPP Fraud?	42
The Anatomy of the Transmission of Macroprudential Policies	41
Common Ownership Does Not Have Anticompetitive Effects in the Airline Industry	41
Monetary Policy and Reaching for Income	40
Real Estate Shocks and Financial Advisor Misconduct	38
Can the Market Multiply and Divide? Non‐Proportional Thinking in Financial Markets	38
The Virtue of Complexity in Return Prediction	38
The Limits of p‐Hacking: Some Thought Experiments	38
Are CEOs Different?	37
Skill, Scale, and Value Creation in the Mutual Fund Industry	37
Equilibrium Asset Pricing with Leverage and Default	36
Cultural Biases in Equity Analysis	36
Trading Costs and Informational Efficiency	36
Female Representation in the Academic Finance Profession	36
Modeling Corporate Bond Returns	35
Out‐of‐Town Home Buyers and City Welfare	34
Borrowing to Save? The Impact of Automatic Enrollment on Debt	34
Sentiment Trading and Hedge Fund Returns	34

Reinvestment Risk and the Equity Term Structure	34
Volatility, Valuation Ratios, and Bubbles: An Empirical Measure of Market Sentiment	33
Inequality Aversion, Populism, and the Backlash against Globalization	33
Asset Managers: Institutional Performance and Factor Exposures	32
Structuring Mortgages for Macroeconomic Stability	32
The Private Production of Safe Assets	32
How Do Financial Constraints Affect Product Pricing? Evidence from Weather and Life Insurance Premiums	32
Retail Trading in Options and the Rise of the Big Three Wholesalers	32
Duration‐Driven Returns	32
A New Test of Risk Factor Relevance	32
Non‐Deal Roadshows, Informed Trading, and Analyst Conflicts of Interest	32
The Perception of Dependence, Investment Decisions, and Stock Prices	31
(Re‐)Imag(in)ing Price Trends	30
Model Comparison with Transaction Costs	30
Stock Market's Assessment of Monetary Policy Transmission: The Cash Flow Effect	30
CEO Political Leanings and Store‐Level Economic Activity during the COVID‐19 Crisis: Effects on Shareholder Value and Public Health	30
Forced Entrepreneurs	29
Pockets of Predictability	27
Financial Fragility with SAM?	27
Asset Pricing and Sports Betting	25
Pricing Currency Risks	25
Employee Costs of Corporate Bankruptcy	25
Economic Stimulus at the Expense of Routine‐Task Jobs	25
Clients' Connections: Measuring the Role of Private Information in Decentralized Markets	24
Quantifying Reduced‐Form Evidence on Collateral Constraints	24
Is There a Risk Premium in the Stock Lending Market? Evidence from Equity Options	24
Stock Market Spillovers via the Global Production Network: Transmission of U.S. Monetary Policy	24
Debt Refinancing and Equity Returns	24
Long‐Run Risk: Is It There?	24
Who Owns What? A Factor Model for Direct Stockholding	24
The Gender Gap in Housing Returns	23
Increasing Enrollment in Income‐Driven Student Loan Repayment Plans: Evidence from the Navient Field Experiment	23
Negative Home Equity and Household Labor Supply	23
Intermediation Variety	22
Inventory Management, Dealers' Connections, and Prices in Over‐the‐Counter Markets	22
Late to Recessions: Stocks and the Business Cycle	21
Property Rights to Client Relationships and Financial Advisor Incentives	21
Principal Portfolios	20
The Cross Section of MBS Returns	20
Resource Allocation in Bank Supervision: Trade‐Offs and Outcomes	20
Pledgeability and Asset Prices: Evidence from the Chinese Corporate Bond Markets	20
Financial Crisis, Creditor‐Debtor Conflict, and Populism	20
Lender Automation and Racial Disparities in Credit Access	19
Financial Crises and Political Radicalization: How Failing Banks Paved Hitler's Path to Power	19
Mutual Fund Holdings of Credit Default Swaps: Liquidity, Yield, and Risk	19
Rents and Intangible Capital: A Q+ Framework	18
Information Asymmetry, Mispricing, and Security Issuance	18
Regulation of Charlatans in High‐Skill Professions	18
When Should Bankruptcy Law Be Creditor‐ or Debtor‐Friendly? Theory and Evidence	18
Investor Tax Credits and Entrepreneurship: Evidence from U.S. States	17
Model Secrecy and Stress Tests	17
Moral Hazard versus Liquidity in Household Bankruptcy	17
Monetary Policy Spillovers through Invoicing Currencies	17
Nonstandard Errors	17
Risk‐Sharing and the Term Structure of Interest Rates	16
Presidential Address: How Much “Rationality” Is There in Bond‐Market Risk Premiums?	16
Do Municipal Bond Dealers Give Their Customers “Fair and Reasonable” Pricing?	15
Integrating Factor Models	14
Dissecting the Long‐Term Performance of the Chinese Stock Market	14
Trading and Shareholder Democracy	14
The Economics of Hedge Fund Startups: Theory and Empirical Evidence	14
Are Analyst Short‐Term Trade Ideas Valuable?	14
Front‐Page News: The Effect of News Positioning on Financial Markets	14
The Global Impact of Brexit Uncertainty	14
Do Physiological and Spiritual Factors Affect Economic Decisions?	13
A Model of Systemic Bank Runs	13
(Why) Do Central Banks Care about Their Profits?	13
Can Security Design Foster Household Risk‐Taking?	13
Rent Extraction with Securities Plus Cash	13
Less Mainstream Credit, More Payday Borrowing? Evidence from Debt Collection Restrictions	13
Option Momentum	13
Fully Closed: Individual Responses to Realized Gains and Losses	13
For Richer, for Poorer: Bankers' Liability and Bank Risk in New England, 1867 to 1880	13
Leveraged Funds and the Shadow Cost of Leverage Constraints	12
Selling Fast and Buying Slow: Heuristics and Trading Performance of Institutional Investors	12
Retail Financial Innovation and Stock Market Dynamics: The Case of Target Date Funds	12
Biased Auctioneers	12
Anonymous Trading in Equities	12
The Cost of Capital for Banks: Evidence from Analyst Earnings Forecasts	12
Monetary Stimulus amidst the Infrastructure Investment Spree: Evidence from China's Loan‐Level Data	12

Legal Risk and Insider Trading	11
Rare Disasters, Financial Development, and Sovereign Debt	11
Optimal Financial Transaction Taxes	11
Asset Pricing with Cohort‐Based Trading in MBS Markets	11
Import Competition and Household Debt	10
International Yield Curves and Currency Puzzles	10
Payment System Externalities	10
Luck versus Skill in the Cross Section of Mutual Fund Returns: Reexamining the Evidence	10
Risk Management in Financial Institutions: A Replication	10
Rent or Buy? Inflation Experiences and Homeownership within and across Countries	9
The Impact of Repossession Risk on Mortgage Default	9
Liquidity, Volume, and Order Imbalance Volatility	9
Contracting in Peer Networks	9
Stealth Acquisitions and Product Market Competition	9
Artificial Intelligence, Education, and Entrepreneurship	9
The Economics of Deferral and Clawback Requirements	9
Informed Trading Intensity	8
Local Experiences, Search, and Spillovers in the Housing Market	8
Dissecting Conglomerate Valuations	8
Interest Rate Skewness and Biased Beliefs	8
Discount‐Rate Risk in Private Equity: Evidence from Secondary Market Transactions	8
Loan Terms and Collateral: Evidence from the Bilateral Repo Market	8
The Two‐Pillar Policy for the RMB	8
Attention Spillover in Asset Pricing	8
CLO Performance	8
Do Market Prices Improve the Accuracy of Court Valuations in Chapter 11?	8
Information Cascades and Threshold Implementation: Theory and an Application to Crowdfunding	7
Limited Risk Sharing and International Equity Returns	7
The Legal Origins of Financial Development: Evidence from the Shanghai Concessions	7
Competition and Misconduct	7
Zombie Credit and (Dis‐)Inflation: Evidence from Europe	7
The Price of Higher Order Catastrophe Insurance: The Case of VIX Options	6
Do Credit Markets Respond to Macroeconomic Shocks? The Case for Reverse Causality	6
How Integrated are Credit and Equity Markets? Evidence from Index Options	6
Does Alternative Data Improve Financial Forecasting? The Horizon Effect	6
Operating Hedge and Gross Profitability Premium	6
Foreign Exchange Fixings and Returns around the Clock	6
Liquidity Fluctuations in Over‐the‐Counter Markets	6
Beyond Basis Basics: Liquidity Demand and Deviations from the Law of One Price	6
The Dark Side of Circuit Breakers	6
Monetary Policy and Inequality	6
Stock Market and No‐Dividend Stocks	5
Complex Asset Markets	5
Booms, Busts, and Common Risk Exposures	5
Prestige, Promotion, and Pay	5
Optimal Sequential Selling Mechanism and Deal Protections in Mergers and Acquisitions	5
The Decline of Secured Debt	5
A (Sub)penny for Your Thoughts: Tracking Retail Investor Activity in TAQ	5
Due Diligence	5
Visibility Bias in the Transmission of Consumption Beliefs and Undersaving	5
Neglected Risks in the Communication of Residential Mortgage‐Backed Securities Offerings	5
Goal Setting and Saving in the FinTech Era	4
Dynamic Contracting with Intermediation: Operational, Governance, and Financial Engineering	4
Naïve Buying Diversification and Narrow Framing by Individual Investors	4
Modeling Conditional Factor Risk Premia Implied by Index Option Returns	4
Optimal Forbearance of Bank Resolution	4
Retracted: Risk Management in Financial Institutions	4
Public Thrift, Private Perks: Signaling Board Independence with Executive Pay	4
Discount Rates, Debt Maturity, and the Fiscal Theory	4
Choosing to Disagree: Endogenous Dismissiveness and Overconfidence in Financial Markets	4
Measuring “Dark Matter” in Asset Pricing Models	3
Money and Banking with Reserves and CBDC	3
Political Polarization Affects Households' Financial Decisions: Evidence from Home Sales	3
How Risky Are U.S. Corporate Assets?	3