Journal of Financial and Quantitative Analysis

Article	Citations
The Role of Corporate Culture in Bad Times: Evidence from the COVID-19 Pandemic	143
Flattening the Illiquidity Curve: Retail Trading During the COVID-19 Lockdown	125
Shadow Banking in a Crisis: Evidence from Fintech During COVID-19	106
Investor Attention and Stock Returns	106
Social Transmission Bias and Investor Behavior	103
Who Supplies PPP Loans (and Does It Matter)? Banks, Relationships, and the COVID Crisis	68
Why Do Mutual Funds Hold Lottery Stocks?	56
The COVID-19 Pandemic and Corporate Dividend Policy	51
Social Capital, Trusting, and Trustworthiness: Evidence from Peer-to-Peer Lending	50
Minimum Wage and Corporate Investment: Evidence from Manufacturing Firms in China	49
ESG Preference, Institutional Trading, and Stock Return Patterns	42
The Geography of Information Acquisition	40
Local, Regional, or Global Asset Pricing?	38
Shareholder Litigation and Corporate Social Responsibility	36
Public Attention to Gender Equality and Board Gender Diversity	35
Zeroing In on the Expected Returns of Anomalies	34
Initial Public Offerings Chinese Style	33
RQ Innovative Efficiency and Firm Value	28
Venture Capitalists and COVID-19	28
Benchmark Discrepancies and Mutual Fund Performance Evaluation	27
Exporting Uncertainty: The Impact of Brexit on Corporate America	25
The Capital Structure Puzzle: What Are We Missing?	25
Political Uncertainty and Household Stock Market Participation	25
Is Carbon Risk Priced in the Cross Section of Corporate Bond Returns?	24
Machine Learning and the Stock Market	24

Retail Attention, Institutional Attention	23
Global Board Reforms and the Pricing of IPOs	23
Sustainability Preferences Under Stress: Evidence from COVID-19	23
Litigation Risk Management Through Corporate Payout Policy	22
Gender Gaps in Venture Capital Performance	21
Competition and R&D Financing: Evidence From the Biopharmaceutical Industry	21
Flooded Through the Back Door: The Role of Bank Capital in Local Shock Spillovers	21
Where Does the Predictability from Sorting on Returns of Economically Linked Firms Come From?	20
The COVID-19 Crisis and the Allocation of Capital	20
Shareholder Litigation Risk and Firms’ Choice of External Growth	20
Words Matter: The Role of Readability, Tone, and Deception Cues in Online Credit Markets	20
Buying the Vote? The Economics of Electoral Politics and Small-Business Loans	20
A Global Macroeconomic Risk Model for Value, Momentum, and Other Asset Classes	19
Does Government Spending Crowd Out R&D Investment? Evidence from Government-Dependent Firms and Their Peers	18
Small-Business Survival Capabilities and Fiscal Programs: Evidence from Oakland	18
Option-Based Estimation of the Price of Coskewness and Cokurtosis Risk	18
Measuring Firm Complexity	17
Vertical and Horizontal Agency Problems in Private Firms: Ownership Structure and Operating Performance	16
The Puzzle of Frequent and Large Issues of Debt and Equity	16
The Dark Side of Executive Compensation Duration: Evidence from Mergers and Acquisitions	16
Expert Advice: Industry Expertise of M&A Advisors and Acquirer Shareholder Returns	16
Do Natural Disaster Experiences Limit Stock Market Participation?	16
Housing Wealth as Precautionary Saving: Evidence from Urban China	15
The Bond-Pricing Implications of Rating-Based Capital Requirements	15
Crowding and Tail Risk in Momentum Returns	15
Natural Disaster Effects on Popular Sentiment Toward Finance	14
How Does Past Experience Impact Hedge Fund Activism?	14
Do Cross-Sectional Predictors Contain Systematic Information?	14
Inferring Stock Duration Around FOMC Surprises: Estimates and Implications	14
Do Alpha Males Deliver Alpha? Facial Width-to-Height Ratio and Hedge Funds	14
Cultivating Self-Control in FinTech: Evidence from a Field Experiment on Online Consumer Borrowing	14
Hot-Stove Effects: The Impact of CEO Past Corporate Experiences on Dividend Policy	13
Deleting Unreported Innovation	13
How Does Acquisition Experience Affect Managerial Career Outcomes?	13
The Digital Credit Divide: Marketplace Lending and Entrepreneurship	13
Where Do Shareholder Gains in Hedge Fund Activism Come From? Evidence From Employee Pension Plans	13
Proactive Capital Structure Adjustments: Evidence from Corporate Filings	13
Corporate R&D and Stock Returns: International Evidence	13
Do Private Equity Managers Have Superior Information on Public Markets?	12
Speculation Sentiment	12
Actively Keeping Secrets From Creditors: Evidence From the Uniform Trade Secrets Act	12
Gender, Credit, and Firm Outcomes	12
Better Kept in the Dark? Portfolio Disclosure and Agency Problems in Mutual Funds	12
Selection Bias in Mutual Fund Fire Sales	12
Lender Forbearance	12
Workforce Policies and Operational Risk: Evidence from U.S. Bank Holding Companies	11
Resolving a Paradox: Retail Trades Positively Predict Returns but Are Not Profitable	11
Does Securitization Weaken Screening Incentives?	11
Do FinTech Mortgage Lenders Fill the Credit Gap? Evidence from Natural Disasters	11
Maturity Driven Mispricing of Options	11

Corporate Hiring Under COVID-19: Financial Constraints and the Nature of New Jobs	11
Do Funding Conditions Explain the Relation Between Cash Holdings and Stock Returns?	11
Media Partisanship and Fundamental Corporate Decisions	11
Investing in Low-Trust Countries: On the Role of Social Trust in the Global Mutual Fund Industry	11
Political Uncertainty and Firm Investment: Project-Level Evidence from M&A Activity	11
Short-Selling Equity Exchange Traded Funds and Its Effect on Stock Market Liquidity	11
Investor Behavior at the 52-Week High	11
The Economics of Supranational Bank Supervision	10
Liability Structure and Risk Taking: Evidence from the Money Market Fund Industry	10
Inter-Firm Inventor Collaboration and Path-Breaking Innovation: Evidence From Inventor Teams Post-Merger	10
Language Skills and Stock Market Participation: Evidence From Immigrants	9
Naïve Style-Level Feedback Trading in Passive Funds	9
Consolidating Product Lines via Mergers and Acquisitions: Evidence From the USPTO Trademark Data	9
Ex Post Bargaining, Corporate Cash Holdings, and Executive Compensation	9
Options Trading and Stock Price Informativeness	9
Credit Ratings and Corporate Information Production: Evidence from Sovereign Downgrades	9
Financial Costs of Judicial Inexperience: Evidence From Corporate Bankruptcies	9
Government Stock Purchase Undermines Price Informativeness: Evidence from China’s “National Team”	9
How Do Board Reforms Affect Debt Financing Costs Around the World?	9
The Informational Role of Ownership Networks in Bank Lending	9
Moment Risk Premia and Stock Return Predictability	9
Deposit-Lending Synergies: Evidence from Chinese Students at U.S. Universities	9
Do Capital Requirements Make Banks Safer? Evidence From a Quasinatural Experiment	9
Eyes on the Prize: Do Industry Tournament Incentives Shape the Structure of Executive Compensation?	9
An Empirical Assessment of Empirical Corporate Finance	8
State Controlling Shareholders and Payout Policy	8
The Role of Creditor Protection in Lending and Tax Avoidance	8
Cash Holdings, Capital Structure, and Financing Risk	8
Recovery with Applications to Forecasting Equity Disaster Probability and Testing the Spanning Hypothesis in the Treasury Market	8
Activist-Appointed Directors	7
To Securitize or to Price Credit Risk?	7
Bringing Innovation to Fruition: Insights From New Trademarks	7
Board Governance and Investment Sensitivity to Stock Price: International Evidence	7
Network Centrality and Managerial Market-Timing Ability	7
Do Private Equity Managers Raise Funds on (Sur)real Returns? Evidence from Deal-Level Data	7
Indirect Insider Trading	7
International Yield Comovements	7
Analyst Coverage and Corporate Environmental Policies	7
Measuring and Improving Stakeholder Welfare Is Easier Said than Done	7
Active Technological Similarity and Mutual Fund Performance	7
Dividend Smoothing and Firm Valuation	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
Does CEO Succession Planning (Disclosure) Create Shareholder Value?	7
Does Central Bank Tone Move Asset Prices?	7
The China Syndrome Affects Banks: The Credit Supply Channel of Foreign Import Competition	7
Deep Learning in Characteristics-Sorted Factor Models	7
Supranational Rules, National Discretion: Increasing Versus Inflating Regulatory Bank Capital?	7
Does Sunlight Kill Germs? Stock Market Listing and Workplace Safety	6
Stress Testing Banks’ Digital Capabilities: Evidence from the COVID-19 Pandemic	6
FIEs and the Transmission of Global Financial Uncertainty: Evidence from China	6
CEO Marketability, Employment Opportunities, and Compensation: Evidence from Compensation Peer Citations	6
Stakeholder Value: A Convenient Excuse for Underperforming Managers?	6
Uncovering Financial Constraints	6
Market Return Around the Clock: A Puzzle	6
Holding Horizon: A New Measure of Active Investment Management	6
Information Intermediaries: How Commercial Bankers Facilitate Strategic Alliances	6
Spillover Effects of the Opioid Epidemic on Consumer Finance	6
The Effects of a U.S. Approach to Enforcement: Evidence from China	6
Underwriter Reputation, Issuer–Underwriter Matching, and SEO Performance	6
Option-Implied Dependence and Correlation Risk Premium	6
Investor Heterogeneity and Liquidity	6
Maturity Clienteles and Corporate Bond Maturities	6
The Demise of the NYSE and Nasdaq: Market Quality in the Age of Market Fragmentation	6
The Smart Beta Mirage	6
Do Social Networks Facilitate Informed Option Trading? Evidence from Alumni Reunion Networks	6
From L.A. to Boise: How Migration Has Changed During the COVID-19 Pandemic	6
Overlapping Ownership Along the Supply Chain	6
Forward-Looking Policy Rules and Currency Premia	5
Do Large Gains Make Willing Sellers?	5
Financial Development and Micro-Entrepreneurship	5
Collateral Constraints, Financial Constraints, and Risk Management: Evidence From Anti-Recharacterization Laws	5
TAXI! Do Mutual Funds Pursue and Exploit Information on Local Companies?	5
Counterparty Risk in Over-the-Counter Markets	5
Does Industry Competition Influence Analyst Coverage Decisions and Career Outcomes?	5
Shining a Light in a Dark Corner: Does EDGAR Search Activity Reveal the Strategically Leaked Plans of Activist Investors?	5
Private Funds for Ordinary People: Fees, Flows, and Performance	5
The Real Effects of Equity Markets on Innovation	5
CEO Selection and Executive Appearance	5
Unintended Consequences of the Dodd–Frank Act on Credit Rating Risk and Corporate Finance	5

Peer Effects in Equity Research	5
Proprietary Knowledge Protection and Product Market Performance	5
An American Call Is Worth More Than a European Call: The Value of American Exercise When the Market Is Not Perfectly Liquid	5
The Fragility of Organization Capital	5
Taxing the Disposition Effect: The Impact of Tax Awareness on Investor Behavior	5
Getting Back to the Source: A New Approach to Measuring Ex Ante Litigation Risk Using Plaintiff-Lawyer Views of SEC Filings	5
Delegated Monitoring, Institutional Ownership, and Corporate Misconduct Spillovers	5
Using Patent Capital to Estimate Tobin’s Q	5
The Effect of Organization Capital on the Cost of Bank Loans	5
Choosing Investment Managers	4
Product Market Competition and FDI Decisions	4
Uncovering Sparsity and Heterogeneity in Firm-Level Return Predictability Using Machine Learning	4
Identifying the Effect of Stock Indexing: Impetus or Impediment to Arbitrage and Price Discovery?	4
Liquidation, Bailout, and Bail-In: Insolvency Resolution Mechanisms and Bank Lending	4
Director Job Security and Corporate Innovation	4
Blockholder Disclosure Thresholds and Hedge Fund Activism	4
Short Squeezes and Their Consequences	4
Retail Trading and Return Predictability in China	4
Agency Costs of Debt in Conglomerate Firms	4
M&A Activity and the Capital Structure of Target Firms	4
Synthetic Options and Implied Volatility for the Corporate Bond Market	4
Labor Mobility and Loan Origination	4
Discounting Restricted Securities	4
Financial Globalization and Bank Lending: The Limits of Domestic Monetary Policy	4
EPS Sensitivity and Mergers	4
Credit Default Swaps and Lender Incentives in Bank Debt Renegotiations	4
When Bigger is Better: The Impact of a Tiny Tick Size on Undercutting Behavior	4
Population Aging and Bank Risk-Taking	4
Access to Finance and Technological Innovation: Evidence from Pre-Civil War America	4
Heterogeneity of Beliefs and Trading Behavior: A Reexamination	4
Why Are Bidder Termination Provisions Included in Takeovers?	4
Does Shareholder Litigation Risk Cause Public Firms to Delist? Evidence from Securities Class Action Lawsuits	4
Speed and Expertise in Stock Picking: Older, Slower, and Wiser?	4
Trust and Debt Contracting: Evidence From the Backdating Scandal	4
Market Development, Information Diffusion, and the Global Anomaly Puzzle	3
Regulating Commission-Based Financial Advice: Evidence from a Natural Experiment	3
Revisiting Family Firms	3
CEO Compensation Incentives and Playing It Safe: Evidence from FAS 123R	3
The Impact of Uncertainty on Investment: Empirical Challenges and a New Estimator	3
Quadrophobia: Strategic Rounding of EPS Data	3
Business Cycle Variation in Short Selling Strategies: Picking During Expansions and Timing During Recessions	3
Executive Partisanship and Corporate Investment	3
The Downstream Impact of Upstream Tariffs: Evidence from Investment Decisions in Supply Chains	3
PEAD.txt: Post-Earnings-Announcement Drift Using Text	3
Innovation Under Ambiguity and Risk	3
Minimum Wage Hikes and Technology Adoption: Evidence from U.S. Establishments	3
Hedging Commodity Price Risk	3
Online Reputation and Debt Capacity	3
Fragmentation and Strategic Market-Making	3
The Only Constant Is Change: Nonconstant Volatility and Implied Volatility Spreads	3
The Role of the Discount Rate in Investment and Employment Decisions	3
Measuring “State-Level” Economic Policy Uncertainty	3
Corporate Patenting, Customer Capital, and Financial Market Outcomes	3
Does Corporate Investment Respond to the Time-Varying Cost of Capital? Empirical Evidence	3
Public Disclosure and Consumer Financial Protection	3
Networking Frictions in Venture Capital, and the Gender Gap in Entrepreneurship	3
On the Capital Market Consequences of Big Data: Evidence from Outer Space	3
Do Capital Markets Punish Managerial Myopia? Evidence from Myopic Research and Development Cuts	3
Standing Out from the Crowd via CSR Engagement: Evidence from Non-Fundamental-Driven Price Pressure	3
The Pricing of Volatility and Jump Risks in the Cross-Section of Index Option Returns	3
Capital Inflows and Property Prices: Ethnicity, Education, and Spillovers	3
Diseconomies of Scale in Quantitative and Fundamental Investment Styles	3
Directors: Older and Wiser, or Too Old to Govern?	3
Systemic Banking Crises, Institutional Environment, and Corporate Leverage	3
The Design and Welfare Implications of Mandatory Pension Plans	3
Strategic CEO Activism in Polarized Markets	3
Short-Sale Constraints and Corporate Investment	3
Foreign-Born Resident Networks and Stock Comovement: When Local Bias Meets Home (Country) Bias	2
Hiring High-Skilled Labor Through Mergers and Acquisitions	2
Mispricing and Risk Premia in Currency Markets	2
Financial Literacy and IPO Underpricing	2
Innovation Under Pressure	2
Discontinued Positive Feedback Trading and the Decline of Return Predictability	2
Business Cycles, Regime Shifts, and Return Predictability	2
ETF Ownership and Seasoned Equity Offerings	2
Cash Induced Demand	2
Labor and Finance: The Effect of Bank Relationships	2
Finance in the New U.S. Economy: Local Finance and Service Job Growth in the Post-industrial Economy	2
From Playground to Boardroom: Endowed Social Status and Managerial Performance	2
The Design of a Central Counterparty	2
Insider Filing Violations and Illegal Information Delay	2
Taking Over the Size Effect: Asset Pricing Implications of Merger Activity	2
Relationship Lending and Employment Decisions in Firms’ Bad Times	2
The Response to Share Mispricing by Issuing Firms and Short Sellers	2
Negation of Sanctions: The Personal Effect of Political Contributions	2
Assimilation Effects in Financial Markets	2
The Valuation of Collateral in Bank Lending	2
Institutional Investors, Households, and the Time-Variation in Expected Stock Returns	2
Information in Financial Contracts: Evidence from Securitization Agreements	2
Relative Versus Absolute Performance Evaluation and CEO Decision-Making	2
The Distribution of Voting Rights to Shareholders	2
Technological Fit and the Market for Managerial Talent	2
Household Financial Decision-Making After Natural Disasters: Evidence from Hurricane Harvey	2
Bank Lines of Credit as a Source of Long-Term Finance	2
Financing Negative Shocks: Evidence from Hurricane Harvey	2