Journal of Financial Economics

Papers
(The median citation count of Journal of Financial Economics is 13. The table below lists those papers that are above that threshold based on CrossRef citation counts [max. 250 papers]. The publications cover those that have been published in the past four years, i.e., from 2021-10-01 to 2025-10-01.)
ArticleCitations
Editorial Board2238
Editorial Board2010
Editorial Board1463
Editorial Board1449
Arbitrage-based recovery1345
Bank heterogeneity and financial stability803
Finance and the supply of housing quality789
Financial factors and the propagation of the Great Depression728
Set it and forget it? Financing retirement in an age of defaults483
Momentum turning points471
Risk-free interest rates459
CEO compensation: Evidence from the field444
What matters in a characteristic?438
Equity duration and predictability410
Monetary policy expectation errors319
Expected return, volume, and mispricing301
The role of financial conditions in portfolio choices: The case of insurers294
Direct lenders in the U.S. middle market238
The invention of corporate governance199
Betting against betting against beta171
Loan spreads and credit cycles: The role of lenders’ personal economic experiences169
Stakes and investor behaviors167
Conditional risk165
Racial disparities in the Paycheck Protection Program165
Voting and trading: The shareholder’s dilemma164
And the children shall lead: Gender diversity and performance in venture capital157
Sovereign risk premia and global macroeconomic conditions152
Institutional investors, heterogeneous benchmarks and the comovement of asset prices144
Bitcoin’s limited adoption problem144
Persistent negative cash flows, staged financing, and the stockpiling of cash balances141
Machine-learning the skill of mutual fund managers139
Why are corporate payouts so high in the 2000s?139
News as sources of jumps in stock returns: Evidence from 21 million news articles for 9000 companies128
Aspirational utility and investment behavior121
Entangled risks in incomplete FX markets119
Editorial Board118
Have risk premia vanished?115
The risk and return of impact investing funds114
Price regulation in two-sided markets: Empirical evidence from debit cards111
Defunding controversial industries: Can targeted credit rationing choke firms?110
Gig labor: Trading safety nets for steering wheels107
Financing breakthroughs under failure risk100
The return of return dominance: Decomposing the cross-section of prices100
M&A rumors about unlisted firms98
Democracy and the pricing of initial public offerings around the world97
Bank liquidity provision across the firm size distribution97
Global factor premiums95
Equity tail risk and currency risk premiums94
Asset life, leverage, and debt maturity matching94
Insurance and portfolio decisions: Two sides of the same coin?94
Market efficiency in the age of big data93
Do investors care about carbon risk?91
Informed trading in government bond markets90
Corporate culture: Evidence from the field90
Peer selection and valuation in mergers and acquisitions89
Is there a home field advantage in global markets?88
Self-Declared benchmarks and fund manager intent: “Cheating” or competing?88
Independent regulators and financial stability evidence from gubernatorial election campaigns in the Progressive Era87
Is there a risk-return tradeoff in the corporate bond market? Time-series and cross-sectional evidence86
High policy uncertainty and low implied market volatility: An academic puzzle?84
The value of intermediation in the stock market84
Priced risk in corporate bonds84
Micro uncertainty and asset prices81
Core earnings: New data and evidence81
Shale shocked: Cash windfalls and household debt repayment80
Heterogeneous liquidity providers and night-minus-day return predictability79
Evergreening79
Discrimination in the payments chain79
Price transparency in OTC equity lending markets: Evidence from a loan fee benchmark78
Editorial Board78
Does customer-base structure influence managerial risk-taking incentives?78
Editorial Board78
Employee output response to stock market wealth shocks78
Financial education affects financial knowledge and downstream behaviors78
Editorial Board76
Asymmetric information, disagreement, and the valuation of debt and equity76
Editorial Board76
Macroeconomic drivers and the pricing of uncertainty, inflation, and bonds75
Intermediary balance sheets and the treasury yield curve75
Intermediary financing without commitment75
Reaching for yield: Evidence from households75
Financing the litigation arms race74
Liquidity, pledgeability, and the nature of lending73
The short- and long-run effects of remote work on U.S. housing markets72
Who creates new firms when local opportunities arise?70
Gravity, counterparties, and foreign investment70
What are the events that shake our world? Measuring and hedging global COVOL70
Skill versus reliability in venture capital70
The death of a regulator: Strict supervision, bank lending, and business activity69
Machine learning and fund characteristics help to select mutual funds with positive alpha69
Flattening the curve: Pandemic-Induced revaluation of urban real estate68
Editorial Board68
Count (and count-like) data in finance68
Endogenous inattention and risk-specific price underreaction in corporate bonds67
Keeping options open: What motivates entrepreneurs?66
Patent quality, firm value, and investor underreaction: Evidence from patent examiner busyness65
Peak-Bust rental spreads65
Refinancing cross-subsidies in the mortgage market65
Fintech entry, lending market competition, and welfare65
The fundamental-to-market ratio and the value premium decline64
Dynastic control without ownership: Evidence from post-war Japan64
Warp speed price moves: Jumps after earnings announcements61
Dynamic asset (mis)pricing: Build-up versus resolution anomalies61
Understanding the strength of the dollar60
The negativity bias and perceived return distributions: Evidence from a pandemic59
Editorial Board59
Sustainable investing with ESG rating uncertainty59
Market power in wholesale funding: A structural perspective from the triparty repo market58
Strategic arbitrage in segmented markets58
Rules versus discretion in capital regulation57
Honoring Michael C. Jensen56
Borrow now, pay even later: A quantitative analysis of student debt payment plans56
Expansionary yet different: Credit supply and real effects of negative interest rate policy56
International trade and the risk in bilateral exchange rates56
Closing auctions: Nasdaq versus NYSE56
The cost of steering in financial markets: Evidence from the mortgage market55
Fire-sale risk in the leveraged loan market55
Revealing corruption: Firm and worker level evidence from Brazil55
Validity, tightness, and forecasting power of risk premium bounds53
Salience theory and the cross-section of stock returns: International and further evidence53
Asset holders’ consumption risk and tests of conditional CCAPM52
Signals and stigmas from banking interventions: Lessons from the Bank Holiday of 193352
Let the rich be flooded: The distribution of financial aid and distress after hurricane harvey51
In-sample and out-of-sample Sharpe ratios of multi-factor asset pricing models51
Consumer-lending discrimination in the FinTech Era51
Expected idiosyncratic volatility51
Dissecting green returns50
Competition, Product differentiation and Crises: Evidence from 18 million securitized loans50
Venture capital contracts49
Editorial Board49
Editorial Board48
A quantitative analysis of bank lending relationships48
Erratum to “Heterogeneous intermediary asset pricing” [Journal of Financial Economics 141/2 (2021) 505-532]48
Treasury option returns and models with unspanned risks47
The cross-section of investment and profitability: Implications for asset pricing46
Empirical evaluation of overspecified asset pricing models45
Persistent and transitory components of firm characteristics: Implications for asset pricing45
What do outside CEOs really do? Evidence from plant-level data45
Value creation in shareholder activism45
The consequences of student loan credit expansions: Evidence from three decades of default cycles45
Missing values handling for machine learning portfolios44
Lifting the veil: The price formation of corporate bond offerings44
Impact of marketplace lending on consumers’ future borrowing capacities and borrowing outcomes44
Efficient estimation of bid–ask spreads from open, high, low, and close prices44
Common shocks in stocks and bonds43
LTCM Redux? Hedge fund Treasury trading, funding fragility, and risk constraints43
Anatomy of a liquidity crisis: Corporate bonds in the COVID-19 crisis43
Realized semibetas: Disentangling “good” and “bad” downside risks43
Strategic digitization in currency and payment competition42
Too Levered for Pigou: Carbon pricing, financial constraints, and leverage regulation41
Editorial Board41
Editorial Board40
Overvaluing simple bets: Evidence from the options market40
Can the changes in fundamentals explain the attenuation of anomalies?40
Fed information effects: Evidence from the equity term structure40
Foreign investment of US multinationals: The effect of tax policy and agency conflicts.39
Causal effects of closing businesses in a pandemic39
In sickness and in debt: The COVID-19 impact on sovereign credit risk39
Social interactions and households’ flood insurance decisions38
How monetary policy shaped the housing boom38
Global Business Networks38
Do the right firms survive bankruptcy?38
Measurement and effects of bank exit policies37
The economics of “Buy Now, Pay Later”: A merchant’s perspective37
What moves treasury yields?37
Editorial Board37
Price ceilings, market structure, and payout policies37
Editorial Board37
The rise of dual-class stock IPOs36
Geographic clustering of institutional investors36
Silence is safest: Information disclosure when the audience’s preferences are uncertain36
The moral preferences of investors: Experimental evidence36
Editorial Board36
The benchmark inclusion subsidy36
The retail execution quality landscape36
Risk perceptions and politics: Evidence from the COVID-19 pandemic36
Editor’s note36
The effects of policy interventions to limit illegal money lending35
ESG: A panacea for market power?35
Debt dynamics with fixed issuance costs35
Importance of transaction costs for asset allocation in foreign exchange markets35
Editorial Board35
Do intermediaries improve GSE lending? Evidence from proprietary GSE data35
Time-varying risk of nominal bonds: How important are macroeconomic shocks?34
The cross-border effects of bank capital regulation34
Premium for heightened uncertainty: Explaining pre-announcement market returns34
Robo advisors and access to wealth management34
The role of high-skilled foreign labor in startup performance: Evidence from two natural experiments34
Strategic insider trading and its consequences for outsiders: Evidence from the eighteenth century34
Asset pricing with return extrapolation33
The Big Three and corporate carbon emissions around the world33
Hedging macroeconomic and financial uncertainty and volatility33
Volatility and informativeness33
On index investing33
Editorial Board32
Overallocation and secondary market outcomes in corporate bond offerings32
The impact of bank financing on municipalities’ bond issuance and the real economy32
Sorting out the effect of credit supply32
A credit-based theory of the currency risk premium32
Do bank CEOs learn from banking crises?32
When large traders create noise32
Redeploying dirty assets: The impact of environmental31
Index providers: Whales behind the scenes of ETFs31
Revenue collapses and the consumption of small business owners in the COVID-19 pandemic31
Credit supply and house prices: Evidence from mortgage market segmentation30
Investment, capital stock, and replacement cost of assets when economic depreciation is non-geometric30
Tiny trades, big questions: Fractional shares30
It’s what you say and what you buy: A holistic evaluation of the corporate credit facilities30
Music sentiment and stock returns around the world30
Industry asset revaluations around public and private acquisitions30
The dynamics of concealment30
Listening in on investors’ thoughts and conversations30
Network effects in corporate financial policies29
Disclosing and cooling-off: An analysis of insider trading rules29
Corporate green bonds29
Editorial Board29
Short selling efficiency29
Failing to forecast rare events29
Financial constraints, cash flow timing patterns, and asset prices28
Monetary tightening and U.S. bank fragility in 2023: Mark-to-market losses and uninsured depositor runs?28
The impact of arbitrage on market liquidity28
Information-based pricing in specialized lending28
Optimal financing with tokens27
Crowdsourcing peer information to change spending behavior27
Four facts about ESG beliefs and investor portfolios27
Financial inclusion, economic development, and inequality: Evidence from Brazil27
The effect of female leadership on contracting from Capitol Hill to Main Street27
The global factor structure of exchange rates27
The use of asset growth in empirical asset pricing models27
The SOFR discount27
The Wall Street stampede: Exit as governance with interacting blockholders27
Token-based platform governance26
Editorial Board26
Does paycheck frequency matter? Evidence from micro data26
Editorial Board26
Information technology and lender competition25
Gradual information diffusion across commonly owned firms24
Pricing of index options in incomplete markets24
Diversification driven demand for large stock24
Collateral value uncertainty and mortgage credit provision24
Active trading and (poor) performance: The social transmission channel23
Risk-adjusted capital allocation and misallocation23
Real-time price discovery via verbal communication: Method and application to Fedspeak23
Small and vulnerable: SME productivity in the great productivity slowdown23
The proxy advisory industry: Influencing and being influenced23
Collateral quality and intervention traps22
Are cryptos different? Evidence from retail trading22
Editorial Board22
Editorial Board22
Editorial Board22
0.86319279670715