Journal of Financial Economics

Article	Citations
Quantifying the impact of red tape on investment: A survey data approach	1493
Validity, tightness, and forecasting power of risk premium bounds	1323
Unlocking clients: The importance of relationships in the financial advisory industry	1037
The colour of finance words	952
The cost of steering in financial markets: Evidence from the mortgage market	918
Disclosing and cooling-off: An analysis of insider trading rules	774
Editorial Board	492
Delayed crises and slow recoveries	464
Motivating collusion	416
The governance of director compensation	330
Editorial Board	330
Volatility and the cross-section of returns on FX options	299
Failing to forecast rare events	280
Editorial Board	245
Editorial Board	242
The hidden costs of being public: Evidence from multinational firms operating in an emerging market	234
Brexit and the contraction of syndicated lending	219
Editorial Board	215
Editorial Board	212
The diversification and welfare effects of robo-advising	194
Intermediary-based equity term structure	188
Crowdsourcing peer information to change spending behavior	181
Modeling volatility in dynamic term structure models	152
The short-termism trap: Catering to informed investors with limited horizons	145
Funding liquidity shocks in a quasi-experiment: Evidence from the CDS Big Bang	127

Contracting without contracting institutions: The trusted assistant loan in 19th century China	125
Editorial Board	123
Editorial Board	122
Capital forbearance in the bank recovery and resolution game	117
A dynamic theory of multiple borrowing	114
Shattered housing	112
Momentum turning points	111
Do low search costs facilitate like-buys-like mergers? Evidence from common bank networks	110
Dominant currency debt	110
Leverage	108
Index option returns and generalized entropy bounds	107
Editorial	106
Set it and forget it? Financing retirement in an age of defaults	102
Paying for beta: Leverage demand and asset management fees	101
Fire-sale risk in the leveraged loan market	100
Market power in wholesale funding: A structural perspective from the triparty repo market	96
Self-imposed liquidity constraints via voluntary debt repayment	96
The Wall Street stampede: Exit as governance with interacting blockholders	92
Dynamic resource allocation with hidden volatility	91
Borrow now, pay even later: A quantitative analysis of student debt payment plans	89
Fire sale risk and expected stock returns	87
What do you think about climate finance?	85
Signals and stigmas from banking interventions: Lessons from the Bank Holiday of 1933	85
From employee to entrepreneur: The role of unemployment risk	84
Arbitrage-based recovery	84
Real effects of climate policy: Financial constraints and spillovers	80
Risk management, firm reputation, and the impact of successful cyberattacks on target firms	79
Central bank communication and the yield curve	79
What matters in a characteristic?	77
Time-varying state variable risk premia in the ICAPM	75
The global factor structure of exchange rates	75
Monetary policy expectation errors	74
In-sample and out-of-sample Sharpe ratios of multi-factor asset pricing models	74
The “7% solution” and IPO (under)pricing	73
CEO compensation: Evidence from the field	73
Angel investment and first impressions	72
The effect of female leadership on contracting from Capitol Hill to Main Street	71
Finance and the supply of housing quality	69
What is CEO overconfidence? Evidence from executive assessments	68
Bank heterogeneity and financial stability	67
Competition, Product differentiation and Crises: Evidence from 18 million securitized loans	67
Broken promises, competition, and capital allocation in the mutual fund industry	66
Monetary tightening and U.S. bank fragility in 2023: Mark-to-market losses and uninsured depositor runs?	66
The use of asset growth in empirical asset pricing models	66
The jump leverage risk premium	65
Does regulatory cooperation help integrate equity markets?	65
From patriarchy to partnership: Gender equality and household finance	64
The SOFR discount	63
Uncertainty, access to debt, and firm precautionary behavior	63
Do activist hedge funds target female CEOs? The role of CEO gender in hedge fund activism	63

Four facts about ESG beliefs and investor portfolios	61
The impact of impact investing	61
The impact of arbitrage on market liquidity	60
Editorial Board	60
Asset holders’ consumption risk and tests of conditional CCAPM	60
Financial constraints, cash flow timing patterns, and asset prices	59
Banks as patient lenders: Evidence from a tax reform	59
Negative peer disclosure	59
More informative disclosures, less informative prices? Portfolio and price formation around quarter-ends	58
Financial transaction taxes and the informational efficiency of financial markets: A structural estimation	58
The social signal	57
Risk-free interest rates	57
Optimal financing with tokens	56
The cross-section of intraday and overnight returns	56
Venture capital contracts	55
The rate of communication	55
Understanding momentum and reversal	55
Long-term reversals in the corporate bond market	54
Revealing corruption: Firm and worker level evidence from Brazil	54
Corporate flexibility in a time of crisis	53
A frog in every pan: Information discreteness and the lead-lag returns puzzle	53
Financing constraints, home equity and selection into entrepreneurship	53
Financial factors and the propagation of the Great Depression	53
Measuring the welfare cost of asymmetric information in consumer credit markets	53
Expansionary yet different: Credit supply and real effects of negative interest rate policy	53
The democratization of investment research and the informativeness of retail investor trading	52
A theory of financial media	52
Young firms, old capital	52
Corporate actions and the manipulation of retail investors in China: An analysis of stock splits	52
Political ideology and international capital allocation	52
Ambiguity about volatility and investor behavior	52
Expected return, volume, and mispricing	50
The role of financial conditions in portfolio choices: The case of insurers	50
Sitting bucks: Stale pricing in fixed income funds	50
The effect of media-linked directors on financing and external governance	50
Dissecting green returns	49
Consumer-lending discrimination in the FinTech Era	49
Creditor rights, collateral reuse, and credit supply	49
Common ownership and innovation efficiency	49
Salience theory and the cross-section of stock returns: International and further evidence	49
Flexibility costs of debt: Danish exporters during the cartoon crisis	49
Persistent government debt and aggregate risk distribution	48
Do limits to arbitrage explain the benefits of volatility-managed portfolios?	48
Reciprocal lending relationships in shadow banking	47
Air pollution, behavioral bias, and the disposition effect in China	47
Can investors time their exposure to private equity?	47
What’s wrong with Pittsburgh? Delegated investors and liquidity concentration	47
International trade and the risk in bilateral exchange rates	46
Intermediation frictions in debt relief: Evidence from CARES Act forbearance	46
Pervasive underreaction: Evidence from high-frequency data	46
The high volume return premium and economic fundamentals	46
Financial inclusion, economic development, and inequality: Evidence from Brazil	46
Extrapolative beliefs in the cross-section: What can we learn from the crowds?	46
Benchmark interest rates when the government is risky	45
Voluntary disclosure with evolving news	45
The effects of disclosure and enforcement on payday lending in Texas	44
Financial development and labor market outcomes: Evidence from Brazil	44
Let the rich be flooded: The distribution of financial aid and distress after hurricane harvey	43
Intraday arbitrage between ETFs and their underlying portfolios	43
Editorial Board	43
Stock return ignorance	43
Partisan residential sorting on climate change risk	43
The international propagation of economic downturns through multinational companies: The real economy channel	43
Closing auctions: Nasdaq versus NYSE	43
Limited attention to detail in financial markets: Evidence from reduced-form and structural estimation	43
Institutional investors, heterogeneous benchmarks and the comovement of asset prices	43
Cleansing by tight credit: Rational cycles and endogenous lending standards	42
What do outside CEOs really do? Evidence from plant-level data	42
Editorial Board	42
Small and vulnerable: SME productivity in the great productivity slowdown	42
Editorial Board	41
Editorial Board	41
Banks funding, leverage, and investment	40
Inflation and Disintermediation	40
Why are commercial loan rates so sticky? The effect of private information on loan spreads	40
Does paycheck frequency matter? Evidence from micro data	40
Aggregate lapsation risk	40
Why does the Fed move markets so much? A model of monetary policy and time-varying risk aversion	39
Editorial Board	39
Missing values handling for machine learning portfolios	39

Why are corporate payouts so high in the 2000s?	39
Editorial Board	38
Product market strategy and corporate policies	38
Editorial Board	38
Asset pricing with heterogeneous agents and long-run risk	37
Labor leverage, coordination failures, and aggregate risk	37
Editorial Board	37
Corporate responses to stock price fragility	37
Active trading and (poor) performance: The social transmission channel	37
Editorial Board	37
Efficient estimation of bid–ask spreads from open, high, low, and close prices	37
Feedback loops in industry trade networks and the term structure of momentum profits	36
Asset pricing with index investing	36
Entrepreneurship and information on past failures: A natural experiment	36
The local innovation spillovers of listed firms	35
News as sources of jumps in stock returns: Evidence from 21 million news articles for 9000 companies	35
Capital supply and corporate bond issuances: Evidence from mutual fund flows	35
Disaster resilience and asset prices	34
The distributional effects of student loan forgiveness	34
Rare disaster probability and options pricing	34
Demand-and-supply imbalance risk and long-term swap spreads	34
Extracting extrapolative beliefs from market prices: An augmented present-value approach	33
Mispricing, short-sale constraints, and the cross-section of option returns	33
Treasury option returns and models with unspanned risks	33
Good for your fiscal health? The effect of the affordable care act on healthcare borrowing costs	33
Sticking to your plan: The role of present bias for credit card paydown	33
The Sources of Financing Constraints	33
Editorial Board	33
Oil volatility risk	32
When and how are rule 10b5-1 plans used for insider stock sales?	32
Editorial Board	31
The big bang: Stock market capitalization in the long run	31
Sovereign risk premia and global macroeconomic conditions	31
Reaching for yield and the housing market: Evidence from 18th-century Amsterdam	31
Measuring macroeconomic tail risk	31
Gradual information diffusion across commonly owned firms	31
Factors and risk premia in individual international stock returns	30
The bank as Grim Reaper: Debt composition and bankruptcy thresholds	30
Persistent and transitory components of firm characteristics: Implications for asset pricing	30
Value creation in shareholder activism	30
The pass-through of uncertainty shocks to households	30
Loan spreads and credit cycles: The role of lenders’ personal economic experiences	30
Empirical evaluation of overspecified asset pricing models	30
And the children shall lead: Gender diversity and performance in venture capital	30
Information technology and lender competition	29
The consequences of student loan credit expansions: Evidence from three decades of default cycles	29
Investment responses to tax policy under uncertainty	29
Loan guarantees and credit supply	29
Risk-adjusted capital allocation and misallocation	29
How much should we trust staggered difference-in-differences estimates?	29
Inside brokers	28
On the fast track: Information acquisition costs and information production	28
The remarkable growth in financial economics, 1974–2020	28
Lifting the veil: The price formation of corporate bond offerings	28
Attention triggers and investors’ risk-taking	28
The cross-section of investment and profitability: Implications for asset pricing	28
Investing outside the box: Evidence from alternative vehicles in private equity	28
Impact of marketplace lending on consumers’ future borrowing capacities and borrowing outcomes	28
Machine-learning the skill of mutual fund managers	27
Common shocks in stocks and bonds	27
Long-term discount rates do not vary across firms	27
Pricing of index options in incomplete markets	27
Real-time price discovery via verbal communication: Method and application to Fedspeak	27
Direct lenders in the U.S. middle market	26
Are cryptos different? Evidence from retail trading	26
Uncertainty about what is in the price	26
Conditional risk	26
Token-based platform governance	26
What is the impact of introducing a parallel OTC market? Theory and evidence from the chinese interbank FX market	26
On the information content of credit ratings and market-based measures of default risk	26
Specialization and performance in private equity: Evidence from the hotel industry	26
The proxy advisory industry: Influencing and being influenced	26
Racial disparities in the Paycheck Protection Program	26
Bitcoin’s limited adoption problem	25
Trade credit and profitability in production networks	25
Bank transparency and deposit flows	25
Realized semibetas: Disentangling “good” and “bad” downside risks	25
Persistent negative cash flows, staged financing, and the stockpiling of cash balances	25
Stocks for the long run? Evidence from a broad sample of developed markets	25
Spectral factor models	25
Anatomy of a liquidity crisis: Corporate bonds in the COVID-19 crisis	25
Voting and trading: The shareholder’s dilemma	25
Treasury inconvenience yields during the COVID-19 crisis	25
The impact of consumer credit access on self-employment and entrepreneurship	25
A tale of two types: Generalists vs. specialists in asset management	25
Betting against betting against beta	24
Editorial Board	24
Regulatory arbitrage or random errors? Implications of race prediction algorithms in fair lending analysis	24
The effect of stock liquidity on cash holdings: The repurchase motive	24
Institutional investors, the dollar, and U.S. credit conditions	24
M&A rumors about unlisted firms	24
Erratum to “Heterogeneous intermediary asset pricing” [Journal of Financial Economics 141/2 (2021) 505-532]	24
High-cost debt and perceived creditworthiness: Evidence from the UK	24
Editorial Board	24
Lucky factors	23