Journal of Financial Economics

(The TQCC of Journal of Financial Economics is 34. 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 2020-04-01 to 2024-04-01.)
Do investors care about carbon risk?886
How much should we trust staggered difference-in-differences estimates?863
Sustainable investing in equilibrium677
Corporate green bonds658
Corporate immunity to the COVID-19 pandemic630
Responsible investing: The ESG-efficient frontier624
Impact investing309
Dissecting green returns285
Sustainable investing with ESG rating uncertainty245
The financing of local government in China: Stimulus loan wanes and shadow banking waxes245
Count (and count-like) data in finance219
The Big Three and corporate carbon emissions around the world206
What do you think about climate finance?195
Socially responsible corporate customers185
The real value of China’s stock market185
Air pollution, affect, and forecasting bias: Evidence from Chinese financial analysts179
Machine learning in the Chinese stock market165
Real effects of climate policy: Financial constraints and spillovers161
Stock market liberalization and innovation159
Consumer-lending discrimination in the FinTech Era157
Anatomy of a liquidity crisis: Corporate bonds in the COVID-19 crisis151
Risk management, firm reputation, and the impact of successful cyberattacks on target firms145
Policy uncertainty and corporate credit spreads130
Stress tests and small business lending126
Financial education affects financial knowledge and downstream behaviors122
Shared analyst coverage: Unifying momentum spillover effects120
Corporate culture: Evidence from the field118
Treasury inconvenience yields during the COVID-19 crisis113
Terrorist attacks and investor risk preference: Evidence from mutual fund flows113
Investor ideology108
Monetary stimulus and bank lending107
Internet searching and stock price crash risk: Evidence from a quasi-natural experiment107
IQ from IP: Simplifying search in portfolio choice101
Does the stock market make firms more productive?99
Salience theory and stock prices: Empirical evidence98
Air pollution, behavioral bias, and the disposition effect in China96
Corporate bond mutual funds and asset fire sales93
Who's paying attention? Measuring common ownership and its impact on managerial incentives90
Lucky factors90
On the fast track: Information acquisition costs and information production89
Common ownership and competition in product markets89
At the table but can not break through the glass ceiling:Board leadership positions elude diverse directors89
Capital requirements, risk choice, and liquidity provision in a business-cycle model88
Does common ownership really increase firm coordination?88
Mood beta and seasonalities in stock returns88
Information flows among rivals and corporate investment83
Sophisticated investors and market efficiency: Evidence from a natural experiment83
All the president's friends: Political access and firm value81
Token-based platform finance81
Bank monitoring: Evidence from syndicated loans80
Understanding momentum and reversal80
Extrapolative beliefs in the cross-section: What can we learn from the crowds?79
Asset pricing: A tale of night and day78
Retail trader sophistication and stock market quality: Evidence from brokerage outages77
Fund tradeoffs75
Did the paycheck protection program hit the target?75
The persistent effect of initial success: Evidence from venture capital74
In sickness and in debt: The COVID-19 impact on sovereign credit risk74
Can FinTech reduce disparities in access to finance? Evidence from the Paycheck Protection Program74
CEO-board dynamics72
Tick size, liquidity for small and large orders, and price informativeness: Evidence from the Tick Size Pilot Program72
Flattening the curve: Pandemic-Induced revaluation of urban real estate72
The local innovation spillovers of listed firms71
The price effects of liquidity shocks: A study of the SEC’s tick size experiment71
Bank liquidity provision across the firm size distribution70
Do dividends convey information about future earnings?69
On the performance of volatility-managed portfolios69
On the direct and indirect real effects of credit supply shocks68
Risk perceptions and politics: Evidence from the COVID-19 pandemic67
Spillover effects in empirical corporate finance66
When the local newspaper leaves town: The effects of local newspaper closures on corporate misconduct66
Loan guarantees and credit supply65
Concentration of control rights in leveraged loan syndicates65
The democratization of investment research and the informativeness of retail investor trading65
Dancing with activists64
Democracy and credit64
Inspecting the mechanism of quantitative easing in the euro area63
Security analysts and capital market anomalies62
Firm selection and corporate cash holdings61
Mutual fund investments in private firms61
Is conflicted investment advice better than no advice?61
The cross-section of intraday and overnight returns59
Long-term reversals in the corporate bond market59
Systematic risk, debt maturity, and the term structure of credit spreads58
Targeted monetary policy and bank lending behavior58
Corporate actions and the manipulation of retail investors in China: An analysis of stock splits57
Surprise election for Trump connections56
Market efficiency in the age of big data56
Venture capital contracts56
Does size matter? Bailouts with large and small banks55
Subnational debt of China: The politics-finance nexus55
Investor experiences and financial market dynamics55
Credit migration and covered interest rate parity54
Uncertainty, access to debt, and firm precautionary behavior54
Macroprudential FX regulations: Shifting the snowbanks of FX vulnerability?53
Accounting for financial stability: Bank disclosure and loss recognition in the financial crisis52
Color and credit: Race, regulation, and the quality of financial services52
Do people feel less at risk? Evidence from disaster experience51
Taming the bias zoo51
What you see is not what you get: The costs of trading market anomalies51
A picture is worth a thousand words: Measuring investor sentiment by combining machine learning and photos from news51
Business cycles and currency returns50
Reducing information frictions in venture capital: The role of new venture competitions49
Sticking to your plan: The role of present bias for credit card paydown49
Access to public capital markets and employment growth48
It’s not so bad: Director bankruptcy experience and corporate risk-taking48
Bitcoin’s limited adoption problem48
Competition and cooperation in mutual fund families48
Common shocks in stocks and bonds48
Premium for heightened uncertainty: Explaining pre-announcement market returns47
Disguised corruption: Evidence from consumer credit in China47
Game on: Social networks and markets47
Does mutual fund illiquidity introduce fragility into asset prices? Evidence from the corporate bond market47
Decomposing firm value46
Optimal financing with tokens46
It’s what you say and what you buy: A holistic evaluation of the corporate credit facilities46
Macro news and micro news: Complements or substitutes?45
Factors and risk premia in individual international stock returns45
Short-term debt and incentives for risk-taking45
The conditional expected market return44
Risk-free interest rates44
Identifying and boosting “Gazelles”: Evidence from business accelerators43
Contracts with (Social) benefits: The implementation of impact investing43
Do limits to arbitrage explain the benefits of volatility-managed portfolios?43
Music sentiment and stock returns around the world42
Is there a zero lower bound? The effects of negative policy rates on banks and firms42
Portfolio similarity and asset liquidation in the insurance industry42
Central bank communication and the yield curve42
The design and transmission of central bank liquidity provisions41
The Sources of Financing Constraints41
Windfall gains and stock market participation41
Time-varying inflation risk and stock returns41
The electronic evolution of corporate bond dealers41
Betting against betting against beta41
The term structure of equity risk premia40
Open banking: Credit market competition when borrowers own the data40
Economic momentum and currency returns40
Hedging macroeconomic and financial uncertainty and volatility40
Shielding firm value: Employment protection and process innovation39
Corporate flexibility in a time of crisis39
CoCo issuance and bank fragility39
Bias in the effective bid-ask spread39
The short duration premium39
Intraday arbitrage between ETFs and their underlying portfolios39
Let the rich be flooded: The distribution of financial aid and distress after hurricane harvey38
Risky bank guarantees38
Diagnostic bubbles38
Compensation disclosures and strategic commitment: Evidence from revenue-based pay38
Dissecting bankruptcy frictions38
Asymmetric information risk in FX markets38
Hedging demand and market intraday momentum38
Adverse selection and the performance of private equity co-investments38
Asset pricing with return extrapolation37
The term structure of liquidity provision37
Mispricing, short-sale constraints, and the cross-section of option returns37
IPO peer effects37
Time-varying demand for lottery: Speculation ahead of earnings announcements37
Reconstructing the yield curve37
And the children shall lead: Gender diversity and performance in venture capital37
Signaling safety36
Global currency hedging with common risk factors36
Institutional allocations in the primary market for corporate bonds36
The micro and macro of managerial beliefs36
Pervasive underreaction: Evidence from high-frequency data36
Why do option returns change sign from day to night?36
A factor model for option returns36
Salience theory and the cross-section of stock returns: International and further evidence36
Portfolio choice with sustainable spending: A model of reaching for yield35
Does the lack of financial stability impair the transmission of monetary policy?35
The cost of steering in financial markets: Evidence from the mortgage market35
Global market inefficiencies35
Competition, profitability, and discount rates35
Retail shareholder participation in the proxy process: Monitoring, engagement, and voting35
Do activist hedge funds target female CEOs? The role of CEO gender in hedge fund activism35
The paradox of pledgeability34
Sovereign credit risk and exchange rates: Evidence from CDS quanto spreads34
Regulatory cooperation and foreign portfolio investment34
The role of financial conditions in portfolio choices: The case of insurers34
Activism and empire building34