Journal of Financial Economics

Article	Citations
Editorial Board	2819
Equity duration and predictability	1040
Editorial Board	990
Editorial Board	913
Monetary policy expectation errors	861
Momentum turning points	502
Retail option traders and the implied volatility surface	370
Financial factors and the propagation of the Great Depression	369
What matters in a characteristic?	226
Arbitrage-based recovery	218
Set it and forget it? Financing retirement in an age of defaults	199
The incentives of SPAC sponsors	198
CEO compensation: Evidence from the field	189
Institutional investors, heterogeneous benchmarks and the comovement of asset prices	186
Bank heterogeneity and financial stability	186
The secular decline in interest rates and the rise of shadow banks	173
News as sources of jumps in stock returns: Evidence from 21 million news articles for 9000 companies	172
Stakes and investor behaviors	167
Sovereign risk premia and global macroeconomic conditions	167
Conditional risk	161
Direct lenders in the U.S. middle market	156
Implicit extrapolation and the beliefs channel of investment demand	142
The invention of corporate governance	138
Voting and trading: The shareholder’s dilemma	130
Bitcoin’s limited adoption problem	129

Machine-learning the skill of mutual fund managers	126
Loan spreads and credit cycles: The role of lenders’ personal economic experiences	123
Racial disparities in the Paycheck Protection Program	123
The return of return dominance: Decomposing the cross-section of prices	115
Price regulation in two-sided markets: Empirical evidence from debit cards	114
Finance without exotic risk	110
Gig labor: Trading safety nets for steering wheels	109
The risk and return of impact investing funds	108
Insurance and portfolio decisions: Two sides of the same coin?	108
Aspirational utility and investment behavior	106
Defunding controversial industries: Can targeted credit rationing choke firms?	105
Democracy and the pricing of initial public offerings around the world	103
Corporate culture: Evidence from the field	101
Financing breakthroughs under failure risk	101
Asset life, leverage, and debt maturity matching	100
Have risk premia vanished?	100
Bank liquidity provision across the firm size distribution	99
Market efficiency in the age of big data	98
Pricing and constructing international government bond portfolios	96
Employee output response to stock market wealth shocks	92
Editorial Board	92
Shale shocked: Cash windfalls and household debt repayment	91
Micro uncertainty and asset prices	89
The value of intermediation in the stock market	88
Peer selection and valuation in mergers and acquisitions	88
Heterogeneous liquidity providers and night-minus-day return predictability	88
Independent regulators and financial stability evidence from gubernatorial election campaigns in the Progressive Era	87
Manufacturing risk-free government debt	86
Evergreening	85
Discrimination in the payments chain	84
Priced risk in corporate bonds	83
Financial education affects financial knowledge and downstream behaviors	83
Self-Declared benchmarks and fund manager intent: “Cheating” or competing?	82
The death of a regulator: Strict supervision, bank lending, and business activity	81
Macroeconomic drivers and the pricing of uncertainty, inflation, and bonds	80
Intermediary balance sheets and the treasury yield curve	73
Gravity, counterparties, and foreign investment	72
Editorial Board	71
Editorial Board	70
Editorial Board	70
Editorial Board	70
Financing the litigation arms race	69
Regulatory leakage among financial advisors: Evidence from FINRA regulation of “bad” brokers	69
Asymmetric information, disagreement, and the valuation of debt and equity	65
Intermediary financing without commitment	64
Reaching for yield: Evidence from households	64
Skill versus reliability in venture capital	63
Flattening the curve: Pandemic-Induced revaluation of urban real estate	61
Machine learning and fund characteristics help to select mutual funds with positive alpha	61
The short- and long-run effects of remote work on U.S. housing markets	60

Count (and count-like) data in finance	59
What are the events that shake our world? Measuring and hedging global COVOL	59
Editorial Board	58
Warp speed price moves: Jumps after earnings announcements	57
Editorial Board	57
ESG lending	55
Understanding the strength of the dollar	53
The negativity bias and perceived return distributions: Evidence from a pandemic	53
Refinancing cross-subsidies in the mortgage market	53
Fintech entry, lending market competition, and welfare	52
Endogenous inattention and risk-specific price underreaction in corporate bonds	52
Dynamic asset (mis)pricing: Build-up versus resolution anomalies	51
Editorial Board	50
Sustainable investing with ESG rating uncertainty	50
The fundamental-to-market ratio and the value premium decline	50
Market power in wholesale funding: A structural perspective from the triparty repo market	48
Competition, Product differentiation and Crises: Evidence from 18 million securitized loans	47
Expected idiosyncratic volatility	47
Signals and stigmas from banking interventions: Lessons from the Bank Holiday of 1933	47
Asset holders’ consumption risk and tests of conditional CCAPM	46
Borrow now, pay even later: A quantitative analysis of student debt payment plans	46
Honoring Michael C. Jensen	46
Strategic arbitrage in segmented markets	44
In-sample and out-of-sample Sharpe ratios of multi-factor asset pricing models	44
Fire-sale risk in the leveraged loan market	44
Expansionary yet different: Credit supply and real effects of negative interest rate policy	43
Let the rich be flooded: The distribution of financial aid and distress after hurricane harvey	43
Inflation and Trading	43
Salience theory and the cross-section of stock returns: International and further evidence	43
Rules versus discretion in capital regulation	42
Dissecting green returns	42
Validity, tightness, and forecasting power of risk premium bounds	42
Editorial Board	41
International trade and the risk in bilateral exchange rates	41
Missing values handling for machine learning portfolios	41
A quantitative analysis of bank lending relationships	40
What do outside CEOs really do? Evidence from plant-level data	40
Editorial Board	39
Empirical evaluation of overspecified asset pricing models	38
The cross-section of investment and profitability: Implications for asset pricing	38
How valuable is corporate adaptation to crisis? Estimates from Covid-19 work-from-home announcements	38
Picking partners: Manager selection in private markets	38
Financial constraints and the racial housing gap	37
Learning by lending securities	37
Treasury option returns and models with unspanned risks	37
Taking sides on return predictability	37
Persistent and transitory components of firm characteristics: Implications for asset pricing	36
Efficient estimation of bid–ask spreads from open, high, low, and close prices	35
Appropriated growth	35
Value creation in shareholder activism	34
Overvaluing simple bets: Evidence from the options market	33
Editorial Board	33
Editorial Board	33
Fed information effects: Evidence from the equity term structure	33
How monetary policy shaped the housing boom	32
Do the right firms survive bankruptcy?	32
Sequential credit markets	32
Too Levered for Pigou: Carbon pricing, financial constraints, and leverage regulation	32
What moves treasury yields?	32
Social interactions and households’ flood insurance decisions	31
Strategic digitization in currency and payment competition	31
Social media as a bank run catalyst	31
LTCM Redux? Hedge fund Treasury trading, funding fragility, and risk constraints	31
Global Business Networks	31
Can the changes in fundamentals explain the attenuation of anomalies?	31
Causal effects of closing businesses in a pandemic	30
Price ceilings, market structure, and payout policies	30
Do teams alleviate or exacerbate overreaction in beliefs?	30
Geographic clustering of institutional investors	30
The economics of “Buy Now, Pay Later”: A merchant’s perspective	30
Editorial Board	30
Innovation spillovers across U.S. tech clusters	29
Hurdle rate buffers and bargaining power in asset acquisition	28
The moral preferences of investors: Experimental evidence	28
Editorial Board	28
The retail execution quality landscape	28
Measurement and effects of bank exit policies	28
Silence is safest: Information disclosure when the audience’s preferences are uncertain	28
Volatility and informativeness	27
Editor’s note	27

Time-varying risk of nominal bonds: How important are macroeconomic shocks?	27
Robo advisors and access to wealth management	27
Strategic insider trading and its consequences for outsiders: Evidence from the eighteenth century	27
Do intermediaries improve GSE lending? Evidence from proprietary GSE data	26
Debt dynamics with fixed issuance costs	26
Importance of transaction costs for asset allocation in foreign exchange markets	26
ESG: A panacea for market power?	26
Investor learning about monetary-policy transmission and the stock market	26
The effects of policy interventions to limit illegal money lending	25
Asset pricing with return extrapolation	25
On index investing	25
Premium for heightened uncertainty: Explaining pre-announcement market returns	25
Editorial Board	24
The cross-border effects of bank capital regulation	24
Tiny trades, big questions: Fractional shares	24
Index providers: Whales behind the scenes of ETFs	24
Industry asset revaluations around public and private acquisitions	24
Revenue collapses and the consumption of small business owners in the COVID-19 pandemic	24
It’s what you say and what you buy: A holistic evaluation of the corporate credit facilities	23
Redeploying dirty assets: The impact of environmental	23
The impact of bank financing on municipalities’ bond issuance and the real economy	23
Overallocation and secondary market outcomes in corporate bond offerings	23
Music sentiment and stock returns around the world	23
Editorial Board	23
Short selling efficiency	23
Do bank CEOs learn from banking crises?	22
Sorting out the effect of credit supply	22
A credit-based theory of the currency risk premium	22
The use of asset growth in empirical asset pricing models	21
Credit supply and house prices: Evidence from mortgage market segmentation	21
The effect of female leadership on contracting from Capitol Hill to Main Street	21
Editorial Board	21
Listening in on investors’ thoughts and conversations	21
The SOFR discount	21
When large traders create noise	21
Information-based pricing in specialized lending	20
Constrained by law: The impact of fiduciary duties on portfolios and prices in US equity markets	20
The global factor structure of exchange rates	20
Financial constraints, cash flow timing patterns, and asset prices	20
Disclosing and cooling-off: An analysis of insider trading rules	20
Financial inclusion, economic development, and inequality: Evidence from Brazil	20
The Wall Street stampede: Exit as governance with interacting blockholders	20
Monetary tightening and U.S. bank fragility in 2023: Mark-to-market losses and uninsured depositor runs?	19
Risk-adjusted capital allocation and misallocation	19
Crowdsourcing peer information to change spending behavior	19
The proxy advisory industry: Influencing and being influenced	19
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]	19
Four facts about ESG beliefs and investor portfolios	19
Information technology and lender competition	19
Editorial Board	19
Gradual information diffusion across commonly owned firms	18
The benchmark greenium	18
Collateral value uncertainty and mortgage credit provision	18
Active trading and (poor) performance: The social transmission channel	18
Small and vulnerable: SME productivity in the great productivity slowdown	18
Diversification driven demand for large stock	18
Editorial Board	17
Collateral competition: Evidence from central counterparties	17
Are cryptos different? Evidence from retail trading	17
Editorial Board	17
Token-based platform governance	17
Editorial Board	17
Strategic fragmented markets	16
Firm uncertainty and households: Spending, savings, and risks	16
Duration-based stock valuation: Reassessing stock market performance and volatility	16
Personal finance education mandates and student loan repayment	16
Collateral quality and intervention traps	15
Benchmarking benchmarks	15
Yield drifts when issuance comes before macro news	15
Is there a zero lower bound? The effects of negative policy rates on banks and firms	15
Liquidity characteristics of market anomalies and institutional trading	15
Financial market concentration and misallocation	15
Can FinTech reduce disparities in access to finance? Evidence from the Paycheck Protection Program	15
The retail habitat	15
Charting by machines	15
Editorial Board	15
Have CEOs changed?	14
Fearing the Fed: How wall street reads main street	14
Loan guarantees, bank underwriting policies and financial stability	14
Biodiversity finance	14
International asset pricing with strategic business groups	14
Editorial Board	14
Do firms with specialized M&A staff make better acquisitions?	14
Harnessing the overconfidence of the crowd: A theory of SPACs	14
The Big Three and board gender diversity: The effectiveness of shareholder voice	14
JAQ of all trades: Job mismatch, firm productivity and managerial quality	14
Multivariate crash risk	14
Household mobility and mortgage rate lock	14
Economic uncertainty and investor attention	14
How costly are cultural biases? Evidence from FinTech	13
Concealed carry	13
When can the market identify old news?	13
Can everyone tap into the housing piggy bank? Racial disparities in access to home equity	13
The marginal value of public pension wealth: Evidence from border house prices	13
The risk and return of equity and credit index options	13