Journal of Finance

Papers
(The median citation count of Journal of Finance is 4. 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 2021-05-01 to 2025-05-01.)
ArticleCitations
ANNOUNCEMENTS516
ISSUE INFORMATION FM401
344
ISSUE INFORMATION FM341
A q$q$ Theory of Internal Capital Markets311
ANNOUNCEMENTS266
Information Aggregation via Contracting238
Is the United States a Lucky Survivor? A Hierarchical Bayesian Approach218
Is COVID Revealing a Virus in CMBS 2.0?183
Stock Market's Assessment of Monetary Policy Transmission: The Cash Flow Effect179
Entrepreneurial Wealth and Employment: Tracing Out the Effects of a Stock Market Crash165
AMERICAN FINANCE ASSOCIATION141
AMERICAN FINANCE ASSOCIATION140
Report of the Executive Secretary and Treasurer for the Fiscal Year Ending June 30, 2021139
ANNOUNCEMENTS138
Is Long‐Run Risk Really Priced? Revisiting Liu and Matthies (2022)129
The Cross Section of MBS Returns117
ISSUE INFORMATION FM117
Informational Black Holes in Financial Markets109
Disclosing a Random Walk105
Insensitive Investors100
Quantifying Reduced‐Form Evidence on Collateral Constraints99
AMERICAN FINANCE ASSOCIATION95
Equilibrium Bitcoin Pricing89
Excess Capacity, Marginal q, and Corporate Investment89
Macroeconomic News in Asset Pricing and Reality86
ANNOUNCEMENTS80
Financial Crises and Political Radicalization: How Failing Banks Paved Hitler's Path to Power80
Scope, Scale, and Concentration: The 21st‐Century Firm80
Countercyclical Income Risk and Portfolio Choices: Evidence from Sweden80
The Mortgage‐Cash Premium Puzzle78
ANNOUNCEMENTS73
Banks, Low Interest Rates, and Monetary Policy Transmission73
ISSUE INFORMATION73
Lender Automation and Racial Disparities in Credit Access72
Fire‐Sale Spillovers in Debt Markets69
Late to Recessions: Stocks and the Business Cycle68
Presidential Address: Macrofinance and Resilience68
Attention Spillover in Asset Pricing67
The Loan Covenant Channel: How Bank Health Transmits to the Real Economy67
AMERICAN FINANCE ASSOCIATION66
ANNOUNCEMENTS66
AMERICAN FINANCE ASSOCIATION65
AMERICAN FINANCE ASSOCIATION64
ISSUE INFORMATION FM59
Bailout Stigma58
Participant Schedule for the AFA 2022 Preliminary Program January 7–9, 2022: January 7–9, 202258
Are Analyst Short‐Term Trade Ideas Valuable?58
Barter Credit: Warehouses as a Contracting Technology57
Naïve Buying Diversification and Narrow Framing by Individual Investors55
Stock Market and No‐Dividend Stocks54
The Economics of Deferral and Clawback Requirements53
Due Diligence52
Legal Risk and Insider Trading48
Model Comparison with Transaction Costs47
ISSUE INFORMATION46
Wealth and Insurance Choices: Evidence from U.S. Households46
Beliefs Aggregation and Return Predictability46
FinTech Credit and Entrepreneurial Growth45
Choosing to Disagree: Endogenous Dismissiveness and Overconfidence in Financial Markets45
Investor Tax Credits and Entrepreneurship: Evidence from U.S. States45
A Horizon‐Based Decomposition of Mutual Fund Value Added Using Transactions44
Intermediation Variety43
ISSUE INFORMATION43
What Explains Differences in Finance Research Productivity during the Pandemic?43
Preliminary Program AFA 2022 ANNUAL MEETING EIGHTY‐SECOND ANNUAL MEETING AMERICAN FINANCE ASSOCIATION43
43
Clients' Connections: Measuring the Role of Private Information in Decentralized Markets43
AMERICAN FINANCE ASSOCIATION43
Female Representation in the Academic Finance Profession42
The Price of Higher Order Catastrophe Insurance: The Case of VIX Options42
ISSUE INFORMATION41
(Re‐)Imag(in)ing Price Trends41
AMERICAN FINANCE ASSOCIATION40
Crisis Interventions in Corporate Insolvency39
Sending Out an SMS: Automatic Enrollment Experiments for Overdraft Alerts39
Zombie Credit and (Dis‐)Inflation: Evidence from Europe39
How Much Does Racial Bias Affect Mortgage Lending? Evidence from Human and Algorithmic Credit Decisions37
When Should Bankruptcy Law Be Creditor‐ or Debtor‐Friendly? Theory and Evidence37
Political Polarization Affects Households' Financial Decisions: Evidence from Home Sales37
Dynamic Banking and the Value of Deposits36
Luck versus Skill in the Cross Section of Mutual Fund Returns: Reexamining the Evidence35
Carbon Returns across the Globe34
Anomaly Time34
Bank Market Power and Monetary Policy Transmission: Evidence from a Structural Estimation33
Neglected Risks in the Communication of Residential Mortgage‐Backed Securities Offerings33
Intermediary Leverage Shocks and Funding Conditions32
BRATTLE GROUP AND DIMENSIONAL FUND ADVISORS PRIZES FOR 202332
Booms, Busts, and Common Risk Exposures32
AMERICAN FINANCE ASSOCIATION32
Did FinTech Lenders Facilitate PPP Fraud?31
CEO Political Leanings and Store‐Level Economic Activity during the COVID‐19 Crisis: Effects on Shareholder Value and Public Health31
Asset Pricing and Sports Betting30
Time‐Consistent Individuals, Time‐Inconsistent Households30
AMERICAN FINANCE ASSOCIATION29
Institutional Investors and Corporate Governance: The Incentive to Be Engaged29
ISSUE INFORMATION29
How Credit Cycles across a Financial Crisis28
Asset Pricing with Cohort‐Based Trading in MBS Markets28
Founder‐CEO Compensation and Selection into Venture Capital‐Backed Entrepreneurship28
The Cost of Capital for Banks: Evidence from Analyst Earnings Forecasts27
The Working Capital Credit Multiplier27
ISSUE INFORMATION27
Test Assets and Weak Factors27
Very Noisy Option Prices and Inference Regarding the Volatility Risk Premium26
Presidential Address: How Much “Rationality” Is There in Bond‐Market Risk Premiums?26
Rare Disasters, Financial Development, and Sovereign Debt25
Financing the Gig Economy25
Auctions with Endogenous Initiation25
Attention‐Induced Trading and Returns: Evidence from Robinhood Users25
Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect25
Global Pricing of Carbon‐Transition Risk24
ANNOUNCEMENTS24
24
Report of the Editor of TheJournal of Finance for the Year 202224
Nonstandard Errors24
Treasury Richness23
Stealth Acquisitions and Product Market Competition23
ANNOUNCEMENTS23
Property Rights to Client Relationships and Financial Advisor Incentives22
Structuring Mortgages for Macroeconomic Stability22
Equity Term Structures without Dividend Strips Data22
21
21
ISSUE INFORMATION21
Option Momentum20
Unobserved Performance of Hedge Funds20
The Global Credit Spread Puzzle20
Do Women Receive Worse Financial Advice?20
Overconfidence and Preferences for Competition20
Worker Runs20
Payment System Externalities20
ISSUE INFORMATION FM19
Report of the 2022 Annual Membership Meeting19
Optimal Financial Transaction Taxes19
Andrew W. Lo19
MISCELLANEA18
AMERICAN FINANCE ASSOCIATION18
ANNOUNCEMENTS17
Equilibrium Data Mining and Data Abundance17
17
Firm Performance Pay as Insurance against Promotion Risk16
Auctions versus Negotiations: The Role of the Payment Structure16
How Do Financial Constraints Affect Product Pricing? Evidence from Weather and Life Insurance Premiums16
16
Pricing Poseidon: Extreme Weather Uncertainty and Firm Return Dynamics16
Long‐Run Risk: Is It There?16
Bayesian Solutions for the Factor Zoo: We Just Ran Two Quadrillion Models16
ISSUE INFORMATION FM15
Is There a Risk Premium in the Stock Lending Market? Evidence from Equity Options15
The Global Impact of Brexit Uncertainty15
AMERICAN FINANCE ASSOCIATION15
Capital Commitment15
Feedback Effects and Systematic Risk Exposures14
Dissecting Conglomerate Valuations14
Venture Capital and Startup Agglomeration14
Predictable Financial Crises13
ANNOUNCEMENTS13
Visibility Bias in the Transmission of Consumption Beliefs and Undersaving13
Mortgage Lock‐In, Mobility, and Labor Reallocation13
Model Secrecy and Stress Tests13
Designing Stress Scenarios13
(Why) Do Central Banks Care about Their Profits?13
Monetary Stimulus amidst the Infrastructure Investment Spree: Evidence from China's Loan‐Level Data12
Negative Home Equity and Household Labor Supply12
The SOE Premium and Government Support in China's Credit Market12
International Yield Curves and Currency Puzzles12
How Integrated are Credit and Equity Markets? Evidence from Index Options11
Leverage Regulation and Market Structure: A Structural Model of the U.K. Mortgage Market11
Report of the 2023 Annual Membership Meeting11
Borrowing to Save? The Impact of Automatic Enrollment on Debt11
Rent or Buy? Inflation Experiences and Homeownership within and across Countries11
Trading and Shareholder Democracy11
Report of the Editor of The Journal of Finance for the Year 202410
Personal Communication in an Automated World: Evidence from Loan Repayments10
Employee Costs of Corporate Bankruptcy10
Discount Rates, Debt Maturity, and the Fiscal Theory10
What Drives Variation in the U.S. Debt‐to‐Output Ratio? The Dogs that Did not Bark10
Selling Fast and Buying Slow: Heuristics and Trading Performance of Institutional Investors10
Modeling Conditional Factor Risk Premia Implied by Index Option Returns10
AMERICAN FINANCE ASSOCIATION10
Competition and Misconduct9
Working More to Pay the Mortgage: Household Debt, Interest Rates, and Family Labor Supply9
Participant Schedule for the AFA 2024 Preliminary Program January 5–7, 20249
ANNOUNCEMENTS9
9
The Limits of Model‐Based Regulation8
8
Participant Schedule for the AFA 2023 Preliminary Program January 6–8, 20238
ANNOUNCEMENTS8
AMERICAN FINANCE ASSOCIATION8
Specialization in Bank Lending: Evidence from Exporting Firms8
Skill, Scale, and Value Creation in the Mutual Fund Industry8
ISSUE INFORMATION FM8
Is There a Replication Crisis in Finance?7
Out‐of‐Town Home Buyers and City Welfare7
Withdrawal: Xu, Qiping, Zwick, E. “Tax Policy and Abnormal Investment Behavior.” The Journal of Finance. 30 May 20227
The Virtue of Complexity in Return Prediction7
The Anatomy of the Transmission of Macroprudential Policies6
Can the Market Multiply and Divide? Non‐Proportional Thinking in Financial Markets6
6
Regulation of Charlatans in High‐Skill Professions6
Do Physiological and Spiritual Factors Affect Economic Decisions?6
Inventory Management, Dealers' Connections, and Prices in Over‐the‐Counter Markets6
The Pollution Premium6
Going the Extra Mile: Distant Lending and Credit Cycles6
Liquidity Transformation and Fragility in the U.S. Banking Sector6
Fee Variation in Private Equity5
Steven N. Kaplan5
AMERICAN FINANCE ASSOCIATION5
5
5
5
Report of the 2024 Annual Membership Meeting5
Disclosing to Informed Traders5
Tracing the International Transmission of a Crisis through Multinational Firms5
Matteo Maggiori: Winner of the 2021 Fischer Black Prize5
Decentralized Exchange: The Uniswap Automated Market Maker5
The Wisdom of the Robinhood Crowd4
Reinvestment Risk and the Equity Term Structure4
The Impact of Minority Representation at Mortgage Lenders4
Leverage Is a Double‐Edged Sword4
Money and Banking with Reserves and CBDC4
Duration‐Driven Returns4
On the Magnification of Small Biases in Hiring4
Information Cascades and Threshold Implementation: Theory and an Application to Crowdfunding4
Monetary Policy Spillovers through Invoicing Currencies4
Bank Funding Risk, Reference Rates, and Credit Supply4
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