Journal of Financial and Quantitative Analysis

Article	Citations
Climate Change News Risk and Corporate Bond Returns	213
The Role of Corporate Culture in Bad Times: Evidence from the COVID-19 Pandemic	130
Flattening the Illiquidity Curve: Retail Trading During the COVID-19 Lockdown	124
Shadow Banking in a Crisis: Evidence from Fintech During COVID-19	97
Investor Attention and Stock Returns	94
Social Transmission Bias and Investor Behavior	88
Board Reforms and Dividend Policy: International Evidence	75
FinTechs and the Market for Financial Analysis	62
Who Supplies PPP Loans (and Does It Matter)? Banks, Relationships, and the COVID Crisis	59
Stakeholder Orientation and the Cost of Debt: Evidence from State-Level Adoption of Constituency Statutes	56
The Macroeconomic Uncertainty Premium in the Corporate Bond Market	54
Algorithmic Trading and Market Quality: International Evidence	51
Why Do Mutual Funds Hold Lottery Stocks?	50
The COVID-19 Pandemic and Corporate Dividend Policy	48
Social Capital, Trusting, and Trustworthiness: Evidence from Peer-to-Peer Lending	46
The Exploratory Mindset and Corporate Innovation	45
Minimum Wage and Corporate Investment: Evidence from Manufacturing Firms in China	44
Do Social Connections Mitigate Hold-up and Facilitate Cooperation? Evidence from Supply Chain Relationships	39
Local, Regional, or Global Asset Pricing?	36
The Geography of Information Acquisition	35
Misvaluation and Corporate Inventiveness	34
ESG Preference, Institutional Trading, and Stock Return Patterns	32
Public Attention to Gender Equality and Board Gender Diversity	31
Risk-Neutral Skewness, Informed Trading, and the Cross Section of Stock Returns	31
Shareholder Litigation and Corporate Social Responsibility	30

RQ Innovative Efficiency and Firm Value	28
Zeroing In on the Expected Returns of Anomalies	27
Searching for Gambles: Gambling Sentiment and Stock Market Outcomes	27
Hometown Lending	26
Venture Capitalists and COVID-19	25
Benchmark Discrepancies and Mutual Fund Performance Evaluation	24
The Capital Structure Puzzle: What Are We Missing?	24
Common Analysts: Method for Defining Peer Firms	21
Global Board Reforms and the Pricing of IPOs	21
Sustainability Preferences Under Stress: Evidence from COVID-19	21
Is Carbon Risk Priced in the Cross Section of Corporate Bond Returns?	21
Initial Public Offerings Chinese Style	21
Political Uncertainty and Household Stock Market Participation	21
Exporting Uncertainty: The Impact of Brexit on Corporate America	20
Where Does the Predictability from Sorting on Returns of Economically Linked Firms Come From?	19
Buying the Vote? The Economics of Electoral Politics and Small-Business Loans	19
How Does Forced-CEO-Turnover Experience Affect Directors?	19
Flooded Through the Back Door: The Role of Bank Capital in Local Shock Spillovers	19
Gender Gaps in Venture Capital Performance	19
How Does Human Capital Matter? Evidence from Venture Capital	19
Retail Attention, Institutional Attention	19
The COVID-19 Crisis and the Allocation of Capital	19
Competition and R&D Financing: Evidence From the Biopharmaceutical Industry	19
Informed Trading in the Stock Market and Option-Price Discovery	18
Words Matter: The Role of Readability, Tone, and Deception Cues in Online Credit Markets	17
Shareholder Litigation Risk and Firms’ Choice of External Growth	17
Machine Learning and the Stock Market	17
Option-Based Estimation of the Price of Coskewness and Cokurtosis Risk	17
Small-Business Survival Capabilities and Fiscal Programs: Evidence from Oakland	16
Litigation Risk Management Through Corporate Payout Policy	16
Granularity of Corporate Debt	16
Does Government Spending Crowd Out R&D Investment? Evidence from Government-Dependent Firms and Their Peers	16
Debtholder Monitoring Incentives and Bank Earnings Opacity	15
A Global Macroeconomic Risk Model for Value, Momentum, and Other Asset Classes	15
The Dark Side of Executive Compensation Duration: Evidence from Mergers and Acquisitions	15
The Puzzle of Frequent and Large Issues of Debt and Equity	15
The Bond-Pricing Implications of Rating-Based Capital Requirements	14
Cultivating Self-Control in FinTech: Evidence from a Field Experiment on Online Consumer Borrowing	14
Measuring Firm Complexity	14
Housing Wealth as Precautionary Saving: Evidence from Urban China	14
Crowding and Tail Risk in Momentum Returns	14
Inferring Stock Duration Around FOMC Surprises: Estimates and Implications	13
Do Cross-Sectional Predictors Contain Systematic Information?	13
Vertical and Horizontal Agency Problems in Private Firms: Ownership Structure and Operating Performance	13
Deleting Unreported Innovation	13
Do Alpha Males Deliver Alpha? Facial Width-to-Height Ratio and Hedge Funds	12
Better Kept in the Dark? Portfolio Disclosure and Agency Problems in Mutual Funds	12
Natural Disaster Effects on Popular Sentiment Toward Finance	12
Speculation Sentiment	12
Hot-Stove Effects: The Impact of CEO Past Corporate Experiences on Dividend Policy	12

Do Natural Disaster Experiences Limit Stock Market Participation?	12
Corporate R&D and Stock Returns: International Evidence	11
Do Private Equity Managers Have Superior Information on Public Markets?	11
Institutional Debtholder Governance	11
Resolving a Paradox: Retail Trades Positively Predict Returns but Are Not Profitable	11
Expert Advice: Industry Expertise of M&A Advisors and Acquirer Shareholder Returns	11
Internal Labor Markets, Wage Convergence, and Investment	11
How Does Acquisition Experience Affect Managerial Career Outcomes?	11
Does Securitization Weaken Screening Incentives?	11
Where Do Shareholder Gains in Hedge Fund Activism Come From? Evidence From Employee Pension Plans	11
Maturity Driven Mispricing of Options	11
How Does Past Experience Impact Hedge Fund Activism?	11
Economic Policy Uncertainty and Self-Control: Evidence from Unhealthy Choices	10
Proactive Capital Structure Adjustments: Evidence from Corporate Filings	10
Dynamics of Arbitrage	10
The Impact of Stronger Shareholder Control on Bondholders	10
The Economics of Supranational Bank Supervision	10
Lender Forbearance	10
Liability Structure and Risk Taking: Evidence from the Money Market Fund Industry	10
Do Funding Conditions Explain the Relation Between Cash Holdings and Stock Returns?	10
Selection Bias in Mutual Fund Fire Sales	10
Gender, Credit, and Firm Outcomes	10
Workforce Policies and Operational Risk: Evidence from U.S. Bank Holding Companies	10
The Digital Credit Divide: Marketplace Lending and Entrepreneurship	10
Investor Behavior at the 52-Week High	10
Actively Keeping Secrets From Creditors: Evidence From the Uniform Trade Secrets Act	9
Deposit-Lending Synergies: Evidence from Chinese Students at U.S. Universities	9
Private Placements of Equity and Firm Value: Value Enhancing or Value Destroying?	9
Short-Selling Equity Exchange Traded Funds and Its Effect on Stock Market Liquidity	9
Do FinTech Mortgage Lenders Fill the Credit Gap? Evidence from Natural Disasters	9
Political Uncertainty and Firm Investment: Project-Level Evidence from M&A Activity	9
Creditor Rights and Bank Loan Losses	9
The Informational Role of Ownership Networks in Bank Lending	8
Investing in Low-Trust Countries: On the Role of Social Trust in the Global Mutual Fund Industry	8
Eyes on the Prize: Do Industry Tournament Incentives Shape the Structure of Executive Compensation?	8
Moment Risk Premia and Stock Return Predictability	8
Ex Post Bargaining, Corporate Cash Holdings, and Executive Compensation	8
Inter-Firm Inventor Collaboration and Path-Breaking Innovation: Evidence From Inventor Teams Post-Merger	8
Media Partisanship and Fundamental Corporate Decisions	8
Naïve Style-Level Feedback Trading in Passive Funds	8
Options Trading and Stock Price Informativeness	8
Corporate Hiring Under COVID-19: Financial Constraints and the Nature of New Jobs	7
Recovery with Applications to Forecasting Equity Disaster Probability and Testing the Spanning Hypothesis in the Treasury Market	7
Mining the Short Side: Institutional Investors and Stock Market Anomalies	7
Skin in the Game: Operating Growth, Firm Performance, and Future Stock Returns	7
Credit Ratings and Corporate Information Production: Evidence from Sovereign Downgrades	7
Consolidating Product Lines via Mergers and Acquisitions: Evidence From the USPTO Trademark Data	7
Do Capital Requirements Make Banks Safer? Evidence From a Quasinatural Experiment	7
Cash Holdings, Capital Structure, and Financing Risk	7
Why Did the Investment–Cash Flow Sensitivity Decline over Time?	7
An Empirical Assessment of Empirical Corporate Finance	7
Dividend Smoothing and Firm Valuation	7
How Do Board Reforms Affect Debt Financing Costs Around the World?	7
Indirect Insider Trading	7
Does CEO Succession Planning (Disclosure) Create Shareholder Value?	7
International Yield Comovements	6
Funding Liquidity Risk and the Dynamics of Hedge Fund Lockups	6
The Real Effects of Equity Markets on Innovation	6
Active Technological Similarity and Mutual Fund Performance	6
Deep Learning in Characteristics-Sorted Factor Models	6
Do Private Equity Managers Raise Funds on (Sur)real Returns? Evidence from Deal-Level Data	6
Quoting Activity and the Cost of Capital	6
Maturity Clienteles and Corporate Bond Maturities	6
To Securitize or to Price Credit Risk?	6
Analyst Coverage and Corporate Environmental Policies	6
Government Stock Purchase Undermines Price Informativeness: Evidence from China’s “National Team”	6
Network Centrality and Managerial Market-Timing Ability	6
State Controlling Shareholders and Payout Policy	6
Does Industry Timing Ability of Hedge Funds Predict Their Future Performance, Survival, and Fund Flows?	6
Market Return Around the Clock: A Puzzle	6
Does Sunlight Kill Germs? Stock Market Listing and Workplace Safety	6
Language Skills and Stock Market Participation: Evidence From Immigrants	6
Measuring and Improving Stakeholder Welfare Is Easier Said than Done	6
The Smart Beta Mirage	6
Underwriter Reputation, Issuer–Underwriter Matching, and SEO Performance	6
Do Social Networks Facilitate Informed Option Trading? Evidence from Alumni Reunion Networks	6
The China Syndrome Affects Banks: The Credit Supply Channel of Foreign Import Competition	5
The Role of Creditor Protection in Lending and Tax Avoidance	5
Activist-Appointed Directors	5
An American Call Is Worth More Than a European Call: The Value of American Exercise When the Market Is Not Perfectly Liquid	5

Information Intermediaries: How Commercial Bankers Facilitate Strategic Alliances	5
Do Large Gains Make Willing Sellers?	5
The Demise of the NYSE and Nasdaq: Market Quality in the Age of Market Fragmentation	5
Liquidity Regulation and Financial Intermediaries	5
The Effect of Organization Capital on the Cost of Bank Loans	5
From L.A. to Boise: How Migration Has Changed During the COVID-19 Pandemic	5
Investor Heterogeneity and Liquidity	5
Forward-Looking Policy Rules and Currency Premia	5
Bringing Innovation to Fruition: Insights From New Trademarks	5
Getting Back to the Source: A New Approach to Measuring Ex Ante Litigation Risk Using Plaintiff-Lawyer Views of SEC Filings	5
FIEs and the Transmission of Global Financial Uncertainty: Evidence from China	5
Counterparty Risk in Over-the-Counter Markets	5
Supranational Rules, National Discretion: Increasing Versus Inflating Regulatory Bank Capital?	5
Private Funds for Ordinary People: Fees, Flows, and Performance	5
The Fragility of Organization Capital	5
Dynamic Compensation Under Uncertainty Shocks and Limited Commitment	5
Spillover Effects of the Opioid Epidemic on Consumer Finance	5
Blockholder Disclosure Thresholds and Hedge Fund Activism	4
Can Restructuring Gains Be Sustained Without Ownership Changes? Evidence from Withdrawn Privatizations	4
Collateral Constraints, Financial Constraints, and Risk Management: Evidence From Anti-Recharacterization Laws	4
Using Patent Capital to Estimate Tobin’s Q	4
Financial Costs of Judicial Inexperience: Evidence From Corporate Bankruptcies	4
Identifying the Effect of Stock Indexing: Impetus or Impediment to Arbitrage and Price Discovery?	4
Does Corporate Investment Respond to the Time-Varying Cost of Capital? Empirical Evidence	4
Does Industry Competition Influence Analyst Coverage Decisions and Career Outcomes?	4
Heterogeneity of Beliefs and Trading Behavior: A Reexamination	4
Shining a Light in a Dark Corner: Does EDGAR Search Activity Reveal the Strategically Leaked Plans of Activist Investors?	4
Choosing Investment Managers	4
Holding Horizon: A New Measure of Active Investment Management	4
Online Reputation and Debt Capacity	4
Taxing the Disposition Effect: The Impact of Tax Awareness on Investor Behavior	4
CEO Marketability, Employment Opportunities, and Compensation: Evidence from Compensation Peer Citations	4
Unintended Consequences of the Dodd–Frank Act on Credit Rating Risk and Corporate Finance	4
Credit Default Swaps and Lender Incentives in Bank Debt Renegotiations	4
Proprietary Knowledge Protection and Product Market Performance	4
Population Aging and Bank Risk-Taking	4
Stakeholder Value: A Convenient Excuse for Underperforming Managers?	4
When Bigger is Better: The Impact of a Tiny Tick Size on Undercutting Behavior	4
Uncovering Sparsity and Heterogeneity in Firm-Level Return Predictability Using Machine Learning	4
Why Are Bidder Termination Provisions Included in Takeovers?	4
Income Fluctuations and Firm Choice	4
CEO Selection and Executive Appearance	4
EPS Sensitivity and Mergers	4
Safe-Asset Shortages: Evidence from the European Government Bond Lending Market	4
Peer Effects in Equity Research	4
The Effects of a U.S. Approach to Enforcement: Evidence from China	4
Liquidation, Bailout, and Bail-In: Insolvency Resolution Mechanisms and Bank Lending	4
Agency Costs of Debt in Conglomerate Firms	4
Overlapping Ownership Along the Supply Chain	4
Option-Implied Dependence and Correlation Risk Premium	4
Speed and Expertise in Stock Picking: Older, Slower, and Wiser?	4
Stress Testing Banks’ Digital Capabilities: Evidence from the COVID-19 Pandemic	3
The Impact of Uncertainty on Investment: Empirical Challenges and a New Estimator	3
Quadrophobia: Strategic Rounding of EPS Data	3
Diseconomies of Scale in Quantitative and Fundamental Investment Styles	3
Delegated Monitoring, Institutional Ownership, and Corporate Misconduct Spillovers	3
Product Market Competition and FDI Decisions	3
Public Disclosure and Consumer Financial Protection	3
Market Development, Information Diffusion, and the Global Anomaly Puzzle	3
Financial Globalization and Bank Lending: The Limits of Domestic Monetary Policy	3
Foreign-Born Resident Networks and Stock Comovement: When Local Bias Meets Home (Country) Bias	3
Board Governance and Investment Sensitivity to Stock Price: International Evidence	3
Financial Development and Micro-Entrepreneurship	3
TAXI! Do Mutual Funds Pursue and Exploit Information on Local Companies?	3
Systemic Banking Crises, Institutional Environment, and Corporate Leverage	3
Does Shareholder Litigation Risk Cause Public Firms to Delist? Evidence from Securities Class Action Lawsuits	3
PEAD.txt: Post-Earnings-Announcement Drift Using Text	3
Short-Sale Constraints and Corporate Investment	3
Does Central Bank Tone Move Asset Prices?	3
Standing Out from the Crowd via CSR Engagement: Evidence from Non-Fundamental-Driven Price Pressure	3
The Only Constant Is Change: Nonconstant Volatility and Implied Volatility Spreads	3
Fragmentation and Strategic Market-Making	3
Short Squeezes and Their Consequences	3
Trust and Debt Contracting: Evidence From the Backdating Scandal	3
The Design and Welfare Implications of Mandatory Pension Plans	3
Discounting Restricted Securities	3
Labor Mobility and Loan Origination	3
Minimum Wage Hikes and Technology Adoption: Evidence from U.S. Establishments	3
Business Cycle Variation in Short Selling Strategies: Picking During Expansions and Timing During Recessions	2
Discontinued Positive Feedback Trading and the Decline of Return Predictability	2
Measuring “State-Level” Economic Policy Uncertainty	2
Executive Partisanship and Corporate Investment	2
Strategic CEO Activism in Polarized Markets	2
Corporate Governance and Loan-Syndicate Structure	2
The Role of the Discount Rate in Investment and Employment Decisions	2
ETF Ownership and Seasoned Equity Offerings	2
Corporate Patenting, Customer Capital, and Financial Market Outcomes	2
Synthetic Options and Implied Volatility for the Corporate Bond Market	2
The Predictive Power of the Dividend Risk Premium	2
Can Corporate Income Tax Cuts Stimulate Innovation? - ERRATUM	2
Taking Over the Size Effect: Asset Pricing Implications of Merger Activity	2
The Downstream Impact of Upstream Tariffs: Evidence from Investment Decisions in Supply Chains	2
Bank Lines of Credit as a Source of Long-Term Finance	2
Uncovering Financial Constraints	2
Assimilation Effects in Financial Markets	2