Journal of Financial Economics

Article	Citations
Editorial Board	1159
Editorial Board	1084
Financial factors and the propagation of the Great Depression	1076
What matters in a characteristic?	1006
Arbitrage-based recovery	543
The incentives of SPAC sponsors	407
Risk-averse dealers in a risk-free market—The role of trading desk risk limits	405
Equity duration and predictability	253
Monetary policy expectation errors	233
Retail option traders and the implied volatility surface	214
Bank heterogeneity and financial stability	213
Set it and forget it? Financing retirement in an age of defaults	213
Momentum turning points	207
CEO compensation: Evidence from the field	186
Did pandemic relief fraud inflate house prices?	182
Sovereign risk premia and global macroeconomic conditions	179
Racial disparities in the Paycheck Protection Program	173
The invention of corporate governance	172
Implicit extrapolation and the beliefs channel of investment demand	158
Stakes and investor behaviors	157
Conditional risk	149
Financial literacy and financial crime: A regression discontinuity approach	148
Institutional investors, heterogeneous benchmarks and the comovement of asset prices	141
Machine-learning the skill of mutual fund managers	133
Voting and trading: The shareholder’s dilemma	132

News as sources of jumps in stock returns: Evidence from 21 million news articles for 9000 companies	122
The secular decline in interest rates and the rise of shadow banks	121
Direct lenders in the U.S. middle market	121
Loan spreads and credit cycles: The role of lenders’ personal economic experiences	116
Have risk premia vanished?	115
Gig labor: Trading safety nets for steering wheels	114
Finance without exotic risk	114
Defunding controversial industries: Can targeted credit rationing choke firms?	112
The return of return dominance: Decomposing the cross-section of prices	112
Insurance and portfolio decisions: Two sides of the same coin?	112
The risk and return of impact investing funds	111
Corporate culture: Evidence from the field	110
Aspirational utility and investment behavior	109
Asset life, leverage, and debt maturity matching	107
Price regulation in two-sided markets: Empirical evidence from debit cards	105
Editorial Board	102
Pricing and constructing international government bond portfolios	100
Manufacturing risk-free government debt	99
Self-Declared benchmarks and fund manager intent: “Cheating” or competing?	96
Shale shocked: Cash windfalls and household debt repayment	94
Employee output response to stock market wealth shocks	91
Heterogeneous liquidity providers and night-minus-day return predictability	91
Independent regulators and financial stability evidence from gubernatorial election campaigns in the Progressive Era	89
The value of intermediation in the stock market	88
Peer selection and valuation in mergers and acquisitions	85
Discrimination in the payments chain	82
Evergreening	80
Micro uncertainty and asset prices	80
Priced risk in corporate bonds	79
Financial education affects financial knowledge and downstream behaviors	76
Monetary policy transmission through the exchange rate factor structure	74
Macroeconomic drivers and the pricing of uncertainty, inflation, and bonds	70
Editorial Board	68
Editorial Board	68
Editorial Board	68
Editorial Board	66
Regulatory leakage among financial advisors: Evidence from FINRA regulation of “bad” brokers	63
Reaching for yield: Evidence from households	62
Asymmetric information, disagreement, and the valuation of debt and equity	61
The death of a regulator: Strict supervision, bank lending, and business activity	61
Gravity, counterparties, and foreign investment	61
The short- and long-run effects of remote work on U.S. housing markets	60
Intermediary balance sheets and the treasury yield curve	60
Machine learning and fund characteristics help to select mutual funds with positive alpha	56
Skill versus reliability in venture capital	56
Intermediary financing without commitment	56
Count (and count-like) data in finance	54
What are the events that shake our world? Measuring and hedging global COVOL	54
Financing the litigation arms race	53
Flattening the curve: Pandemic-Induced revaluation of urban real estate	52

Editorial Board	51
Editorial Board	51
The negativity bias and perceived return distributions: Evidence from a pandemic	50
Warp speed price moves: Jumps after earnings announcements	49
Refinancing cross-subsidies in the mortgage market	49
Endogenous inattention and risk-specific price underreaction in corporate bonds	49
Understanding the strength of the dollar	48
Fintech entry, lending market competition, and welfare	48
Dynamic asset (mis)pricing: Build-up versus resolution anomalies	47
The fundamental-to-market ratio and the value premium decline	46
ESG lending	46
Editorial Board	45
Sustainable investing with ESG rating uncertainty	45
Strategic arbitrage in segmented markets	44
Signals and stigmas from banking interventions: Lessons from the Bank Holiday of 1933	44
Government litigation risk and the decline in low-income mortgage lending	44
Honoring Michael C. Jensen	44
Borrow now, pay even later: A quantitative analysis of student debt payment plans	43
International trade and the risk in bilateral exchange rates	43
Rules versus discretion in capital regulation	42
Market power in wholesale funding: A structural perspective from the triparty repo market	42
Inflation and Trading	41
Let the rich be flooded: The distribution of financial aid and distress after hurricane harvey	41
Competition, Product differentiation and Crises: Evidence from 18 million securitized loans	41
Expansionary yet different: Credit supply and real effects of negative interest rate policy	41
Asset holders’ consumption risk and tests of conditional CCAPM	41
Expected idiosyncratic volatility	39
In-sample and out-of-sample Sharpe ratios of multi-factor asset pricing models	39
Salience theory and the cross-section of stock returns: International and further evidence	37
Dissecting green returns	36
Editorial Board	36
Intellectual property protection lost and competition: An examination using large language models	36
Fire-sale risk in the leveraged loan market	36
Learning by lending securities	35
Empirical evaluation of overspecified asset pricing models	35
Treasury option returns and models with unspanned risks	35
Financial constraints and the racial housing gap	35
Taking sides on return predictability	34
The cross-section of investment and profitability: Implications for asset pricing	34
A quantitative analysis of bank lending relationships	34
Efficient estimation of bid–ask spreads from open, high, low, and close prices	34
How valuable is corporate adaptation to crisis? Estimates from Covid-19 work-from-home announcements	34
Editorial Board	34
Patents that match your standards: Firm-level evidence on competition, innovation and growth	33
Appropriated growth	33
Picking partners: Manager selection in private markets	33
Value creation in shareholder activism	33
Missing values handling for machine learning portfolios	33
What do outside CEOs really do? Evidence from plant-level data	32
Editorial Board	32
Persistent and transitory components of firm characteristics: Implications for asset pricing	32
Editorial Board	31
LTCM Redux? Hedge fund Treasury trading, funding fragility, and risk constraints	30
Fed information effects: Evidence from the equity term structure	30
Sequential credit markets	30
Sustainable investing and market governance	30
The economics of “Buy Now, Pay Later”: A merchant’s perspective	30
Overvaluing simple bets: Evidence from the options market	30
What moves treasury yields?	29
Strategic digitization in currency and payment competition	29
Too Levered for Pigou: Carbon pricing, financial constraints, and leverage regulation	28
Social media as a bank run catalyst	28
Causal effects of closing businesses in a pandemic	28
The co-pricing factor zoo	28
Can the changes in fundamentals explain the attenuation of anomalies?	28
Global Business Networks	28
Editorial Board	27
The retail execution quality landscape	26
The moral preferences of investors: Experimental evidence	26
Do teams alleviate or exacerbate overreaction in beliefs?	26
Measurement and effects of bank exit policies	26
Hurdle rate buffers and bargaining power in asset acquisition	26
Price ceilings, market structure, and payout policies	26
Innovation spillovers across U.S. tech clusters	26
On index investing	25
Editorial Board	25
Strategic insider trading and its consequences for outsiders: Evidence from the eighteenth century	25
Investor learning about monetary-policy transmission and the stock market	25
Do intermediaries improve GSE lending? Evidence from proprietary GSE data	25
The effects of policy interventions to limit illegal money lending	24

Volatility and informativeness	24
Robo advisors and access to wealth management	24
Editor’s note	24
Asset pricing with return extrapolation	24
Debt dynamics with fixed issuance costs	23
The cross-border effects of bank capital regulation	23
ESG: A panacea for market power?	23
Premium for heightened uncertainty: Explaining pre-announcement market returns	23
Importance of transaction costs for asset allocation in foreign exchange markets	23
Operational shorting and ETF liquidity provision	22
Listening in on investors’ thoughts and conversations	22
Revenue collapses and the consumption of small business owners in the COVID-19 pandemic	22
Editorial Board	22
Editorial Board	22
A credit-based theory of the currency risk premium	21
Redeploying dirty assets: The impact of environmental	21
Index providers: Whales behind the scenes of ETFs	21
Sorting out the effect of credit supply	20
Do bank CEOs learn from banking crises?	20
Credit supply and house prices: Evidence from mortgage market segmentation	20
Editorial Board	20
Tiny trades, big questions: Fractional shares	20
Overallocation and secondary market outcomes in corporate bond offerings	19
Music sentiment and stock returns around the world	19
Short selling efficiency	19
When large traders create noise	19
The impact of bank financing on municipalities’ bond issuance and the real economy	19
The SOFR discount	18
Editorial Board	18
The global factor structure of exchange rates	18
Industry asset revaluations around public and private acquisitions	18
Crowdsourcing peer information to change spending behavior	17
Financial constraints, cash flow timing patterns, and asset prices	17
Monetary tightening and U.S. bank fragility in 2023: Mark-to-market losses and uninsured depositor runs?	17
Information-based pricing in specialized lending	17
Disclosing and cooling-off: An analysis of insider trading rules	17
Dirty air and green investments: The impact of pollution information on portfolio allocations	17
Constrained by law: The impact of fiduciary duties on portfolios and prices in US equity markets	17
The effect of female leadership on contracting from Capitol Hill to Main Street	17
Four facts about ESG beliefs and investor portfolios	17
The use of asset growth in empirical asset pricing models	16
The proxy advisory industry: Influencing and being influenced	16
Information technology and lender competition	16
Financial inclusion, economic development, and inequality: Evidence from Brazil	16
Active trading and (poor) performance: The social transmission channel	16
Small and vulnerable: SME productivity in the great productivity slowdown	16
Editorial Board	16
Token-based platform governance	16
Editorial Board	15
Collateral competition: Evidence from central counterparties	15
Are cryptos different? Evidence from retail trading	15
The benchmark greenium	15
Editorial Board	15
Editorial Board	15
Collateral value uncertainty and mortgage credit provision	15
Corrigendum to “Ripples into waves: Trade networks, economic activity, and asset prices” [Journal of Financial Economics, Volume 145, (July 2022) Pages 217–238/Article Number]	15
Gradual information diffusion across commonly owned firms	15
Duration-based stock valuation: Reassessing stock market performance and volatility	15
Strategic fragmented markets	15
Diversification driven demand for large stock	15
Risk-adjusted capital allocation and misallocation	15
Liquidity characteristics of market anomalies and institutional trading	14
Personal finance education mandates and student loan repayment	14
Charting by machines	14
Financial market concentration and misallocation	14
Collateral quality and intervention traps	14
Firm uncertainty and households: Spending, savings, and risks	14
Can FinTech reduce disparities in access to finance? Evidence from the Paycheck Protection Program	14
Foundational processes and growth	14
The retail habitat	14
Have CEOs changed?	14
Editorial Board	14
Editorial Board	13
JAQ of all trades: Job mismatch, firm productivity and managerial quality	13
The risk and return of equity and credit index options	13
Yield drifts when issuance comes before macro news	13
International asset pricing with strategic business groups	13
Policy news and stock market volatility	13
Do firms with specialized M&A staff make better acquisitions?	13
Fearing the Fed: How wall street reads main street	13
Loan guarantees, bank underwriting policies and financial stability	13
Do personal taxes affect investment decisions and stock returns?	12
Siphoned apart: A portfolio perspective on order flow segmentation	12
Harnessing the overconfidence of the crowd: A theory of SPACs	12
Biodiversity finance	12
Barking up the wrong tree: Return-chasing in 401(k) plans	12
Economic uncertainty and investor attention	12
Benchmarking benchmarks	12
The Big Three and board gender diversity: The effectiveness of shareholder voice	12
The marginal value of public pension wealth: Evidence from border house prices	12
Household mobility and mortgage rate lock	12
Presidential economic approval rating and the cross-section of stock returns	12
Dynamics of subjective risk premia	11
When can the market identify old news?	11
Can everyone tap into the housing piggy bank? Racial disparities in access to home equity	11