Journal of Financial Economics

Article	Citations
How much should we trust staggered difference-in-differences estimates?	1133
Do investors care about carbon risk?	1074
Sustainable investing in equilibrium	839
Corporate green bonds	776
Responsible investing: The ESG-efficient frontier	768
Corporate immunity to the COVID-19 pandemic	683
Dissecting green returns	381
Impact investing	352
Sustainable investing with ESG rating uncertainty	317
Count (and count-like) data in finance	302
The financing of local government in China: Stimulus loan wanes and shadow banking waxes	278
What do you think about climate finance?	249
The Big Three and corporate carbon emissions around the world	243
Socially responsible corporate customers	231
Real effects of climate policy: Financial constraints and spillovers	216
The real value of China’s stock market	209
Air pollution, affect, and forecasting bias: Evidence from Chinese financial analysts	202
Machine learning in the Chinese stock market	199
Consumer-lending discrimination in the FinTech Era	188
Stock market liberalization and innovation	185
Risk management, firm reputation, and the impact of successful cyberattacks on target firms	173
Anatomy of a liquidity crisis: Corporate bonds in the COVID-19 crisis	170
Policy uncertainty and corporate credit spreads	162
Corporate culture: Evidence from the field	157
Financial education affects financial knowledge and downstream behaviors	152

Internet searching and stock price crash risk: Evidence from a quasi-natural experiment	127
Treasury inconvenience yields during the COVID-19 crisis	127
Terrorist attacks and investor risk preference: Evidence from mutual fund flows	120
Investor ideology	117
Salience theory and stock prices: Empirical evidence	116
Air pollution, behavioral bias, and the disposition effect in China	112
IQ from IP: Simplifying search in portfolio choice	110
On the fast track: Information acquisition costs and information production	106
Corporate bond mutual funds and asset fire sales	106
Retail trader sophistication and stock market quality: Evidence from brokerage outages	103
Lucky factors	102
At the table but can not break through the glass ceiling:Board leadership positions elude diverse directors	102
Does common ownership really increase firm coordination?	100
Common ownership and competition in product markets	100
Extrapolative beliefs in the cross-section: What can we learn from the crowds?	99
Token-based platform finance	98
Who's paying attention? Measuring common ownership and its impact on managerial incentives	98
Mood beta and seasonalities in stock returns	98
All the president's friends: Political access and firm value	94
Bank monitoring: Evidence from syndicated loans	91
Can FinTech reduce disparities in access to finance? Evidence from the Paycheck Protection Program	90
When the local newspaper leaves town: The effects of local newspaper closures on corporate misconduct	89
Sophisticated investors and market efficiency: Evidence from a natural experiment	89
Did the paycheck protection program hit the target?	89
Flattening the curve: Pandemic-Induced revaluation of urban real estate	88
Understanding momentum and reversal	86
Fund tradeoffs	85
The local innovation spillovers of listed firms	84
The democratization of investment research and the informativeness of retail investor trading	84
Bank liquidity provision across the firm size distribution	83
Asset pricing: A tale of night and day	83
The persistent effect of initial success: Evidence from venture capital	82
In sickness and in debt: The COVID-19 impact on sovereign credit risk	82
Targeted monetary policy and bank lending behavior	80
The price effects of liquidity shocks: A study of the SEC’s tick size experiment	79
On the direct and indirect real effects of credit supply shocks	79
Loan guarantees and credit supply	78
Spillover effects in empirical corporate finance	78
CEO-board dynamics	78
On the performance of volatility-managed portfolios	78
Risk perceptions and politics: Evidence from the COVID-19 pandemic	75
Dancing with activists	73
Corporate actions and the manipulation of retail investors in China: An analysis of stock splits	72
Security analysts and capital market anomalies	71
The cost of steering in financial markets: Evidence from the mortgage market	71
Game on: Social networks and markets	70
Systematic risk, debt maturity, and the term structure of credit spreads	70
Concentration of control rights in leveraged loan syndicates	70
Inspecting the mechanism of quantitative easing in the euro area	70
Long-term reversals in the corporate bond market	67

Is conflicted investment advice better than no advice?	67
Market efficiency in the age of big data	67
A picture is worth a thousand words: Measuring investor sentiment by combining machine learning and photos from news	66
Firm selection and corporate cash holdings	66
Taming the bias zoo	64
Uncertainty, access to debt, and firm precautionary behavior	63
Macroprudential FX regulations: Shifting the snowbanks of FX vulnerability?	63
Venture capital contracts	62
Accounting for financial stability: Bank disclosure and loss recognition in the financial crisis	61
Credit migration and covered interest rate parity	61
Surprise election for Trump connections	60
The cross-section of intraday and overnight returns	60
Do people feel less at risk? Evidence from disaster experience	60
Subnational debt of China: The politics-finance nexus	59
Does mutual fund illiquidity introduce fragility into asset prices? Evidence from the corporate bond market	57
What you see is not what you get: The costs of trading market anomalies	57
Business cycles and currency returns	56
Access to public capital markets and employment growth	55
Let the rich be flooded: The distribution of financial aid and distress after hurricane harvey	55
Premium for heightened uncertainty: Explaining pre-announcement market returns	54
The Sources of Financing Constraints	54
Temperature shocks and industry earnings news	54
It’s not so bad: Director bankruptcy experience and corporate risk-taking	54
Shielding firm value: Employment protection and process innovation	54
Decomposing firm value	53
Common shocks in stocks and bonds	53
Sticking to your plan: The role of present bias for credit card paydown	53
Optimal financing with tokens	53
Color and credit: Race, regulation, and the quality of financial services	53
Bitcoin’s limited adoption problem	53
Windfall gains and stock market participation	52
The conditional expected market return	52
Corporate flexibility in a time of crisis	52
Contracts with (Social) benefits: The implementation of impact investing	52
Music sentiment and stock returns around the world	51
Central bank communication and the yield curve	51
It’s what you say and what you buy: A holistic evaluation of the corporate credit facilities	50
Short-term debt and incentives for risk-taking	50
Disguised corruption: Evidence from consumer credit in China	50
Reconstructing the yield curve	50
Is there a zero lower bound? The effects of negative policy rates on banks and firms	50
Open banking: Credit market competition when borrowers own the data	50
Macro news and micro news: Complements or substitutes?	50
Factors and risk premia in individual international stock returns	49
Do limits to arbitrage explain the benefits of volatility-managed portfolios?	49
The electronic evolution of corporate bond dealers	48
Expansionary yet different: Credit supply and real effects of negative interest rate policy	48
The term structure of equity risk premia	48
Betting against betting against beta	48
The micro and macro of managerial beliefs	46
Dissecting bankruptcy frictions	46
Asymmetric information risk in FX markets	46
Hedging macroeconomic and financial uncertainty and volatility	46
Risk-free interest rates	46
Identifying and boosting “Gazelles”: Evidence from business accelerators	45
The effect of media-linked directors on financing and external governance	45
The design and transmission of central bank liquidity provisions	45
Portfolio similarity and asset liquidation in the insurance industry	45
Diagnostic bubbles	45
Oil volatility risk	44
Time-varying demand for lottery: Speculation ahead of earnings announcements	44
Institutional allocations in the primary market for corporate bonds	44
Artificial intelligence, firm growth, and product innovation	44
Intraday arbitrage between ETFs and their underlying portfolios	44
Salience theory and the cross-section of stock returns: International and further evidence	44
Hedging demand and market intraday momentum	44
Bias in the effective bid-ask spread	44
And the children shall lead: Gender diversity and performance in venture capital	44
Asset pricing with return extrapolation	44
CoCo issuance and bank fragility	43
The short duration premium	43
IPO peer effects	43
Issuance overpricing of China's corporate debt securities	42
News as sources of jumps in stock returns: Evidence from 21 million news articles for 9000 companies	42
Compensation disclosures and strategic commitment: Evidence from revenue-based pay	41
Pervasive underreaction: Evidence from high-frequency data	41
On index investing	41
Portfolio choice with sustainable spending: A model of reaching for yield	41
A factor model for option returns	41
Mispricing, short-sale constraints, and the cross-section of option returns	40

Market expectations of a warming climate	40
The role of financial conditions in portfolio choices: The case of insurers	40
Sentiment and uncertainty	40
Investors’ appetite for money-like assets: The MMF industry after the 2014 regulatory reform	39
Global market inefficiencies	39
Bank transparency and deposit flows	39
Are disagreements agreeable? Evidence from information aggregation	39
Retail shareholder participation in the proxy process: Monitoring, engagement, and voting	39
Signaling safety	39
Monetary policy at work: Security and credit application registers evidence	39
The effect of minority veto rights on controller pay tunneling	38
Persistent negative cash flows, staged financing, and the stockpiling of cash balances	38
Does customer-base structure influence managerial risk-taking incentives?	38
Peer selection and valuation in mergers and acquisitions	38
Sovereign credit risk and exchange rates: Evidence from CDS quanto spreads	38
The paradox of pledgeability	38
Does the lack of financial stability impair the transmission of monetary policy?	38
Is the credit spread puzzle a myth?	38
Real effects of share repurchases legalization on corporate behaviors	37
Collateral and asymmetric information in lending markets	37
Expected return, volume, and mispricing	37
Activism and empire building	37
Do activist hedge funds target female CEOs? The role of CEO gender in hedge fund activism	37
The telegraph and modern banking development, 1881–1936	37
Overnight returns, daytime reversals, and future stock returns	37
The colour of finance words	37