Journal of Financial Economics

Article	Citations
Editorial Board	1814
Editorial Board	1598
Editorial Board	1209
Dynamic resource allocation with hidden volatility	1165
Bank heterogeneity and financial stability	1106
Editorial Board	858
Arbitrage-based recovery	641
Monetary policy expectation errors	592
Financial factors and the propagation of the Great Depression	548
The role of financial conditions in portfolio choices: The case of insurers	397
What matters in a characteristic?	393
Momentum turning points	372
Finance and the supply of housing quality	358
Uncertainty, access to debt, and firm precautionary behavior	321
Expected return, volume, and mispricing	271
Risk-free interest rates	256
CEO compensation: Evidence from the field	246
Set it and forget it? Financing retirement in an age of defaults	244
Editorial Board	218
Why are corporate payouts so high in the 2000s?	176
Loan spreads and credit cycles: The role of lenders’ personal economic experiences	173
Bitcoin’s limited adoption problem	147
Racial disparities in the Paycheck Protection Program	142
Persistent negative cash flows, staged financing, and the stockpiling of cash balances	141
Direct lenders in the U.S. middle market	140

Betting against betting against beta	140
Sovereign risk premia and global macroeconomic conditions	139
Conditional risk	137
Voting and trading: The shareholder’s dilemma	136
News as sources of jumps in stock returns: Evidence from 21 million news articles for 9000 companies	130
And the children shall lead: Gender diversity and performance in venture capital	122
Institutional investors, heterogeneous benchmarks and the comovement of asset prices	120
Machine-learning the skill of mutual fund managers	117
The risk and return of impact investing funds	116
Democracy and the pricing of initial public offerings around the world	116
Global factor premiums	114
Insurance and portfolio decisions: Two sides of the same coin?	114
Bank liquidity provision across the firm size distribution	111
Asset life, leverage, and debt maturity matching	105
Market efficiency in the age of big data	104
M&A rumors about unlisted firms	103
Equity tail risk and currency risk premiums	98
Monetary policy at work: Security and credit application registers evidence	98
Entangled risks in incomplete FX markets	96
Aspirational utility and investment behavior	95
Editorial Board	94
Gig labor: Trading safety nets for steering wheels	93
Financing breakthroughs under failure risk	93
Corporate culture: Evidence from the field	91
Have risk premia vanished?	90
Do investors care about carbon risk?	89
Discrimination in the payments chain	87
Micro uncertainty and asset prices	86
Employee output response to stock market wealth shocks	85
Independent regulators and financial stability evidence from gubernatorial election campaigns in the Progressive Era	84
Price transparency in OTC equity lending markets: Evidence from a loan fee benchmark	84
Peer selection and valuation in mergers and acquisitions	82
Core earnings: New data and evidence	80
Is there a risk-return tradeoff in the corporate bond market? Time-series and cross-sectional evidence	79
Informed trading in government bond markets	79
Self-Declared benchmarks and fund manager intent: “Cheating” or competing?	78
Shale shocked: Cash windfalls and household debt repayment	75
High policy uncertainty and low implied market volatility: An academic puzzle?	74
Heterogeneous liquidity providers and night-minus-day return predictability	74
Priced risk in corporate bonds	73
Evergreening	73
The value of intermediation in the stock market	73
Is there a home field advantage in global markets?	72
Network risk and key players: A structural analysis of interbank liquidity	71
Does common ownership really increase firm coordination?	71
Volatility, intermediaries, and exchange rates	71
Does customer-base structure influence managerial risk-taking incentives?	70
Life after LIBOR	69
Editorial Board	68
Editorial Board	68

Asymmetric information, disagreement, and the valuation of debt and equity	68
Financial education affects financial knowledge and downstream behaviors	68
Editorial Board	67
Editorial Board	67
Liquidity, pledgeability, and the nature of lending	65
Intermediary financing without commitment	65
Financing the litigation arms race	65
Skill versus reliability in venture capital	65
Intermediary balance sheets and the treasury yield curve	65
Gravity, counterparties, and foreign investment	65
The short- and long-run effects of remote work on U.S. housing markets	64
The death of a regulator: Strict supervision, bank lending, and business activity	64
What are the events that shake our world? Measuring and hedging global COVOL	63
Flattening the curve: Pandemic-Induced revaluation of urban real estate	63
Who creates new firms when local opportunities arise?	63
Machine learning and fund characteristics help to select mutual funds with positive alpha	62
Count (and count-like) data in finance	62
Treasury yield implied volatility and real activity	61
Endogenous inattention and risk-specific price underreaction in corporate bonds	61
Editorial Board	61
Keeping options open: What motivates entrepreneurs?	61
Peak-Bust rental spreads	61
Refinancing cross-subsidies in the mortgage market	60
Dynastic control without ownership: Evidence from post-war Japan	60
Dynamic asset (mis)pricing: Build-up versus resolution anomalies	60
The negativity bias and perceived return distributions: Evidence from a pandemic	59
Sustainable investing with ESG rating uncertainty	59
Warp speed price moves: Jumps after earnings announcements	59
Patent quality, firm value, and investor underreaction: Evidence from patent examiner busyness	58
In-sample and out-of-sample Sharpe ratios of multi-factor asset pricing models	58
Asset holders’ consumption risk and tests of conditional CCAPM	58
The fundamental-to-market ratio and the value premium decline	58
Borrow now, pay even later: A quantitative analysis of student debt payment plans	58
Expected idiosyncratic volatility	57
Editorial Board	57
Strategic arbitrage in segmented markets	57
Signals and stigmas from banking interventions: Lessons from the Bank Holiday of 1933	57
Validity, tightness, and forecasting power of risk premium bounds	56
Brexit and the contraction of syndicated lending	56
International trade and the risk in bilateral exchange rates	56
Competition, Product differentiation and Crises: Evidence from 18 million securitized loans	55
Consumer-lending discrimination in the FinTech Era	55
Venture capital contracts	55
Market power in wholesale funding: A structural perspective from the triparty repo market	55
Fire-sale risk in the leveraged loan market	55
Salience theory and the cross-section of stock returns: International and further evidence	53
Revealing corruption: Firm and worker level evidence from Brazil	53
Closing auctions: Nasdaq versus NYSE	52
The cost of steering in financial markets: Evidence from the mortgage market	52
Let the rich be flooded: The distribution of financial aid and distress after hurricane harvey	52
Dissecting green returns	52
Expansionary yet different: Credit supply and real effects of negative interest rate policy	51
Editorial Board	50
Erratum to “Heterogeneous intermediary asset pricing” [Journal of Financial Economics 141/2 (2021) 505-532]	50
Editorial Board	50
Persistent and transitory components of firm characteristics: Implications for asset pricing	49
Missing values handling for machine learning portfolios	49
The consequences of student loan credit expansions: Evidence from three decades of default cycles	49
Lifting the veil: The price formation of corporate bond offerings	49
The cross-section of investment and profitability: Implications for asset pricing	49
Efficient estimation of bid–ask spreads from open, high, low, and close prices	49
Realized semibetas: Disentangling “good” and “bad” downside risks	49
The remarkable growth in financial economics, 1974–2020	48
Empirical evaluation of overspecified asset pricing models	48
The local innovation spillovers of listed firms	47
What do outside CEOs really do? Evidence from plant-level data	47
Value creation in shareholder activism	47
Anatomy of a liquidity crisis: Corporate bonds in the COVID-19 crisis	47
Capital supply and corporate bond issuances: Evidence from mutual fund flows	46
Long-term discount rates do not vary across firms	46
Common shocks in stocks and bonds	45
Global Business Networks	45
Impact of marketplace lending on consumers’ future borrowing capacities and borrowing outcomes	45
Foreign investment of US multinationals: The effect of tax policy and agency conflicts.	45
Treasury option returns and models with unspanned risks	45
Fed information effects: Evidence from the equity term structure	45
Editorial Board	45
Causal effects of closing businesses in a pandemic	44
Can the changes in fundamentals explain the attenuation of anomalies?	44
What moves treasury yields?	44

Lucky factors	43
In sickness and in debt: The COVID-19 impact on sovereign credit risk	43
Macro risks and the term structure of interest rates	43
Social interactions and households’ flood insurance decisions	43
How monetary policy shaped the housing boom	43
Do the right firms survive bankruptcy?	42
Editorial Board	42
Network structure and pricing in the FX market	41
Price ceilings, market structure, and payout policies	41
The rise of dual-class stock IPOs	40
Family comes first: Reproductive health and the gender gap in entrepreneurship	40
Geographic clustering of institutional investors	40
The moral preferences of investors: Experimental evidence	40
Editorial Board	40
Salience theory and stock prices: Empirical evidence	39
Risk perceptions and politics: Evidence from the COVID-19 pandemic	39
The benchmark inclusion subsidy	39
The cross-border effects of bank capital regulation	38
Editor’s note	38
Importance of transaction costs for asset allocation in foreign exchange markets	38
Editorial Board	38
Silence is safest: Information disclosure when the audience’s preferences are uncertain	38
Strategic insider trading and its consequences for outsiders: Evidence from the eighteenth century	38
Editorial Board	38
The effects of policy interventions to limit illegal money lending	38
Hedging macroeconomic and financial uncertainty and volatility	37
Subnational debt of China: The politics-finance nexus	37
Asset pricing with return extrapolation	37
ESG: A panacea for market power?	37
Calendar rotations: A new approach for studying the impact of timing using earnings announcements	37
Volatility and informativeness	37
Premium for heightened uncertainty: Explaining pre-announcement market returns	37
Robo advisors and access to wealth management	37
On index investing	36
The telegraph and modern banking development, 1881–1936	36
The role of high-skilled foreign labor in startup performance: Evidence from two natural experiments	36
Time-varying risk of nominal bonds: How important are macroeconomic shocks?	36
The short duration premium	36
The Big Three and corporate carbon emissions around the world	36
Debt dynamics with fixed issuance costs	36
Information shocks, disagreement, and drift	35
Sorting out the effect of credit supply	35
A credit-based theory of the currency risk premium	34
Overallocation and secondary market outcomes in corporate bond offerings	34
Frequency dependent risk	33
Industry asset revaluations around public and private acquisitions	33
Index providers: Whales behind the scenes of ETFs	33
When large traders create noise	33
A BIT goes a long way: Bilateral investment treaties and cross-border mergers	32
Do bank CEOs learn from banking crises?	32
Short selling efficiency	32
The impact of bank financing on municipalities’ bond issuance and the real economy	32
Listening in on investors’ thoughts and conversations	32
Network effects in corporate financial policies	32
Investment, capital stock, and replacement cost of assets when economic depreciation is non-geometric	31
Music sentiment and stock returns around the world	31
Bank capital, government bond holdings, and sovereign debt capacity	31
It’s what you say and what you buy: A holistic evaluation of the corporate credit facilities	31
Tiny trades, big questions: Fractional shares	31
The dynamics of concealment	31
The Wall Street stampede: Exit as governance with interacting blockholders	30
Credit supply and house prices: Evidence from mortgage market segmentation	30
Financial constraints, cash flow timing patterns, and asset prices	30
Failing to forecast rare events	30
Crowdsourcing peer information to change spending behavior	30
Corporate green bonds	30
The impact of arbitrage on market liquidity	30
The SOFR discount	30
Editorial Board	30
Banks as patient lenders: Evidence from a tax reform	30
Disclosing and cooling-off: An analysis of insider trading rules	29
The global factor structure of exchange rates	29
Do activist hedge funds target female CEOs? The role of CEO gender in hedge fund activism	29
Monetary tightening and U.S. bank fragility in 2023: Mark-to-market losses and uninsured depositor runs?	29
The effect of female leadership on contracting from Capitol Hill to Main Street	29
The rate of communication	29
Negative peer disclosure	29
Optimal financing with tokens	29
The use of asset growth in empirical asset pricing models	29
Four facts about ESG beliefs and investor portfolios	29
Financial inclusion, economic development, and inequality: Evidence from Brazil	29
Editorial Board	29
Active trading and (poor) performance: The social transmission channel	28
Does paycheck frequency matter? Evidence from micro data	28
Real-time price discovery via verbal communication: Method and application to Fedspeak	28
Editorial Board	28
Inside brokers	28
Banks funding, leverage, and investment	28
The proxy advisory industry: Influencing and being influenced	28
Pricing of index options in incomplete markets	28
Entrepreneurship and information on past failures: A natural experiment	28
Are cryptos different? Evidence from retail trading	27
Small and vulnerable: SME productivity in the great productivity slowdown	27
Risk-adjusted capital allocation and misallocation	27
Information technology and lender competition	27