Journal of Financial Economics

Article	Citations
Editorial Board	1075
Equity duration and predictability	1021
Editorial Board	944
Editorial Board	919
Momentum turning points	518
Financial factors and the propagation of the Great Depression	380
What matters in a characteristic?	379
Arbitrage-based recovery	233
Set it and forget it? Financing retirement in an age of defaults	221
The incentives of SPAC sponsors	200
Bank heterogeneity and financial stability	200
CEO compensation: Evidence from the field	193
Retail option traders and the implied volatility surface	192
Monetary policy expectation errors	189
Institutional investors, heterogeneous benchmarks and the comovement of asset prices	178
The secular decline in interest rates and the rise of shadow banks	178
Did pandemic relief fraud inflate house prices?	172
Sovereign risk premia and global macroeconomic conditions	169
Conditional risk	167
Racial disparities in the Paycheck Protection Program	166
The invention of corporate governance	145
Loan spreads and credit cycles: The role of lenders’ personal economic experiences	143
Direct lenders in the U.S. middle market	135
News as sources of jumps in stock returns: Evidence from 21 million news articles for 9000 companies	134
Stakes and investor behaviors	131

Implicit extrapolation and the beliefs channel of investment demand	131
Voting and trading: The shareholder’s dilemma	127
Have risk premia vanished?	118
Machine-learning the skill of mutual fund managers	118
Financing breakthroughs under failure risk	117
Gig labor: Trading safety nets for steering wheels	112
Finance without exotic risk	112
Defunding controversial industries: Can targeted credit rationing choke firms?	111
Price regulation in two-sided markets: Empirical evidence from debit cards	111
Asset life, leverage, and debt maturity matching	106
Bank liquidity provision across the firm size distribution	106
Market efficiency in the age of big data	103
The return of return dominance: Decomposing the cross-section of prices	103
Democracy and the pricing of initial public offerings around the world	103
Aspirational utility and investment behavior	102
The risk and return of impact investing funds	102
Insurance and portfolio decisions: Two sides of the same coin?	101
Corporate culture: Evidence from the field	97
Editorial Board	96
Evergreening	94
Pricing and constructing international government bond portfolios	93
Shale shocked: Cash windfalls and household debt repayment	90
Micro uncertainty and asset prices	90
Independent regulators and financial stability evidence from gubernatorial election campaigns in the Progressive Era	89
Employee output response to stock market wealth shocks	88
The value of intermediation in the stock market	88
Priced risk in corporate bonds	85
Peer selection and valuation in mergers and acquisitions	85
Heterogeneous liquidity providers and night-minus-day return predictability	84
Manufacturing risk-free government debt	80
Financial education affects financial knowledge and downstream behaviors	75
Discrimination in the payments chain	75
Self-Declared benchmarks and fund manager intent: “Cheating” or competing?	73
Financing the litigation arms race	73
Macroeconomic drivers and the pricing of uncertainty, inflation, and bonds	73
Gravity, counterparties, and foreign investment	71
Editorial Board	71
Editorial Board	70
Editorial Board	68
Editorial Board	66
Regulatory leakage among financial advisors: Evidence from FINRA regulation of “bad” brokers	65
Asymmetric information, disagreement, and the valuation of debt and equity	64
Reaching for yield: Evidence from households	64
What are the events that shake our world? Measuring and hedging global COVOL	62
The death of a regulator: Strict supervision, bank lending, and business activity	62
Intermediary financing without commitment	61
The short- and long-run effects of remote work on U.S. housing markets	59
Machine learning and fund characteristics help to select mutual funds with positive alpha	58
Intermediary balance sheets and the treasury yield curve	57
Skill versus reliability in venture capital	57

Editorial Board	54
Flattening the curve: Pandemic-Induced revaluation of urban real estate	54
Editorial Board	54
Count (and count-like) data in finance	54
Refinancing cross-subsidies in the mortgage market	53
Understanding the strength of the dollar	53
The fundamental-to-market ratio and the value premium decline	52
The negativity bias and perceived return distributions: Evidence from a pandemic	51
Dynamic asset (mis)pricing: Build-up versus resolution anomalies	51
Warp speed price moves: Jumps after earnings announcements	51
Sustainable investing with ESG rating uncertainty	49
Fintech entry, lending market competition, and welfare	49
Endogenous inattention and risk-specific price underreaction in corporate bonds	48
ESG lending	48
Editorial Board	47
Borrow now, pay even later: A quantitative analysis of student debt payment plans	46
Signals and stigmas from banking interventions: Lessons from the Bank Holiday of 1933	45
In-sample and out-of-sample Sharpe ratios of multi-factor asset pricing models	44
Competition, Product differentiation and Crises: Evidence from 18 million securitized loans	44
Strategic arbitrage in segmented markets	44
Validity, tightness, and forecasting power of risk premium bounds	43
Fire-sale risk in the leveraged loan market	43
Salience theory and the cross-section of stock returns: International and further evidence	43
Honoring Michael C. Jensen	43
Asset holders’ consumption risk and tests of conditional CCAPM	43
Rules versus discretion in capital regulation	43
International trade and the risk in bilateral exchange rates	42
Market power in wholesale funding: A structural perspective from the triparty repo market	42
Expansionary yet different: Credit supply and real effects of negative interest rate policy	41
Let the rich be flooded: The distribution of financial aid and distress after hurricane harvey	41
Inflation and Trading	40
Dissecting green returns	40
Expected idiosyncratic volatility	40
Editorial Board	39
Patents that match your standards: Firm-level evidence on competition, innovation and growth	39
Missing values handling for machine learning portfolios	39
The cross-section of investment and profitability: Implications for asset pricing	38
Empirical evaluation of overspecified asset pricing models	38
What do outside CEOs really do? Evidence from plant-level data	38
Editorial Board	38
How valuable is corporate adaptation to crisis? Estimates from Covid-19 work-from-home announcements	38
Efficient estimation of bid–ask spreads from open, high, low, and close prices	37
Financial constraints and the racial housing gap	35
Persistent and transitory components of firm characteristics: Implications for asset pricing	35
Learning by lending securities	33
Taking sides on return predictability	33
Picking partners: Manager selection in private markets	33
Treasury option returns and models with unspanned risks	33
Value creation in shareholder activism	33
A quantitative analysis of bank lending relationships	33
Overvaluing simple bets: Evidence from the options market	32
Appropriated growth	32
Editorial Board	32
Editorial Board	32
Fed information effects: Evidence from the equity term structure	31
What moves treasury yields?	31
Can the changes in fundamentals explain the attenuation of anomalies?	31
LTCM Redux? Hedge fund Treasury trading, funding fragility, and risk constraints	31
How monetary policy shaped the housing boom	31
Sequential credit markets	31
Too Levered for Pigou: Carbon pricing, financial constraints, and leverage regulation	30
Causal effects of closing businesses in a pandemic	30
Social media as a bank run catalyst	30
The economics of “Buy Now, Pay Later”: A merchant’s perspective	30
Global Business Networks	30
Do teams alleviate or exacerbate overreaction in beliefs?	29
Strategic digitization in currency and payment competition	29
Innovation spillovers across U.S. tech clusters	29
Measurement and effects of bank exit policies	29
Price ceilings, market structure, and payout policies	29
Editorial Board	29
The retail execution quality landscape	28
The moral preferences of investors: Experimental evidence	28
Hurdle rate buffers and bargaining power in asset acquisition	28
Do intermediaries improve GSE lending? Evidence from proprietary GSE data	27
The cross-border effects of bank capital regulation	27
Silence is safest: Information disclosure when the audience’s preferences are uncertain	27
Debt dynamics with fixed issuance costs	27
Editorial Board	27
The effects of policy interventions to limit illegal money lending	27

Investor learning about monetary-policy transmission and the stock market	26
Editor’s note	26
Importance of transaction costs for asset allocation in foreign exchange markets	26
Strategic insider trading and its consequences for outsiders: Evidence from the eighteenth century	26
Asset pricing with return extrapolation	25
ESG: A panacea for market power?	25
Robo advisors and access to wealth management	25
Do bank CEOs learn from banking crises?	24
Premium for heightened uncertainty: Explaining pre-announcement market returns	24
On index investing	24
Time-varying risk of nominal bonds: How important are macroeconomic shocks?	24
Editorial Board	24
Volatility and informativeness	24
Industry asset revaluations around public and private acquisitions	23
Sorting out the effect of credit supply	22
Revenue collapses and the consumption of small business owners in the COVID-19 pandemic	22
When large traders create noise	22
Tiny trades, big questions: Fractional shares	22
Redeploying dirty assets: The impact of environmental	22
Operational shorting and ETF liquidity provision	21
A credit-based theory of the currency risk premium	21
Credit supply and house prices: Evidence from mortgage market segmentation	21
The impact of bank financing on municipalities’ bond issuance and the real economy	21
It’s what you say and what you buy: A holistic evaluation of the corporate credit facilities	21
Short selling efficiency	21
Index providers: Whales behind the scenes of ETFs	21
Overallocation and secondary market outcomes in corporate bond offerings	21
Editorial Board	21
Editorial Board	20
Editorial Board	20
Information-based pricing in specialized lending	20
Listening in on investors’ thoughts and conversations	20
The use of asset growth in empirical asset pricing models	20
The SOFR discount	20
Music sentiment and stock returns around the world	20
The effect of female leadership on contracting from Capitol Hill to Main Street	20
The global factor structure of exchange rates	19
Financial constraints, cash flow timing patterns, and asset prices	19
Disclosing and cooling-off: An analysis of insider trading rules	19
Crowdsourcing peer information to change spending behavior	19
Constrained by law: The impact of fiduciary duties on portfolios and prices in US equity markets	19
Monetary tightening and U.S. bank fragility in 2023: Mark-to-market losses and uninsured depositor runs?	18
Four facts about ESG beliefs and investor portfolios	18
The proxy advisory industry: Influencing and being influenced	18
Financial inclusion, economic development, and inequality: Evidence from Brazil	18
Editorial Board	18
Diversification driven demand for large stock	17
Token-based platform governance	17
Risk-adjusted capital allocation and misallocation	17
The benchmark greenium	17
Active trading and (poor) performance: The social transmission channel	17
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]	17
Collateral value uncertainty and mortgage credit provision	17
Editorial Board	16
Are cryptos different? Evidence from retail trading	16
Editorial Board	16
Gradual information diffusion across commonly owned firms	16
Information technology and lender competition	16
Editorial Board	16
Small and vulnerable: SME productivity in the great productivity slowdown	16
Is there a zero lower bound? The effects of negative policy rates on banks and firms	15
The retail habitat	15
Liquidity characteristics of market anomalies and institutional trading	15
Collateral competition: Evidence from central counterparties	15
Collateral quality and intervention traps	15
Personal finance education mandates and student loan repayment	15
Strategic fragmented markets	15
Financial market concentration and misallocation	15
Household mobility and mortgage rate lock	14
Loan guarantees, bank underwriting policies and financial stability	14
Foundational processes and growth	14
Editorial Board	14
Have CEOs changed?	14
Editorial Board	14
Charting by machines	14
Can FinTech reduce disparities in access to finance? Evidence from the Paycheck Protection Program	14
Yield drifts when issuance comes before macro news	14
Do firms with specialized M&A staff make better acquisitions?	14
Multivariate crash risk	14
Duration-based stock valuation: Reassessing stock market performance and volatility	14
Firm uncertainty and households: Spending, savings, and risks	14
Policy news and stock market volatility	13
Presidential economic approval rating and the cross-section of stock returns	13
Harnessing the overconfidence of the crowd: A theory of SPACs	13
Economic uncertainty and investor attention	13
The risk and return of equity and credit index options	13
Fearing the Fed: How wall street reads main street	13
International asset pricing with strategic business groups	13
Benchmarking benchmarks	13
Siphoned apart: A portfolio perspective on order flow segmentation	12
How costly are cultural biases? Evidence from FinTech	12
Barking up the wrong tree: Return-chasing in 401(k) plans	12
Implicit guarantees and the rise of shadow banking: The case of trust products	12
Can everyone tap into the housing piggy bank? Racial disparities in access to home equity	12
Do personal taxes affect investment decisions and stock returns?	12