Journal of Financial Economics

Papers
(The TQCC of Journal of Financial Economics is 41. 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 2021-05-01 to 2025-05-01.)
ArticleCitations
Editorial Board1814
Editorial Board1598
Editorial Board1209
Dynamic resource allocation with hidden volatility1165
Bank heterogeneity and financial stability1106
Editorial Board858
Arbitrage-based recovery641
Monetary policy expectation errors592
Financial factors and the propagation of the Great Depression548
The role of financial conditions in portfolio choices: The case of insurers397
What matters in a characteristic?393
Momentum turning points372
Finance and the supply of housing quality358
Uncertainty, access to debt, and firm precautionary behavior321
Expected return, volume, and mispricing271
Risk-free interest rates256
CEO compensation: Evidence from the field246
Set it and forget it? Financing retirement in an age of defaults244
Editorial Board218
Why are corporate payouts so high in the 2000s?176
Loan spreads and credit cycles: The role of lenders’ personal economic experiences173
Bitcoin’s limited adoption problem147
Racial disparities in the Paycheck Protection Program142
Persistent negative cash flows, staged financing, and the stockpiling of cash balances141
Direct lenders in the U.S. middle market140
Betting against betting against beta140
Sovereign risk premia and global macroeconomic conditions139
Conditional risk137
Voting and trading: The shareholder’s dilemma136
News as sources of jumps in stock returns: Evidence from 21 million news articles for 9000 companies130
And the children shall lead: Gender diversity and performance in venture capital122
Institutional investors, heterogeneous benchmarks and the comovement of asset prices120
Machine-learning the skill of mutual fund managers117
The risk and return of impact investing funds116
Democracy and the pricing of initial public offerings around the world116
Global factor premiums114
Insurance and portfolio decisions: Two sides of the same coin?114
Bank liquidity provision across the firm size distribution111
Asset life, leverage, and debt maturity matching105
Market efficiency in the age of big data104
M&A rumors about unlisted firms103
Equity tail risk and currency risk premiums98
Monetary policy at work: Security and credit application registers evidence98
Entangled risks in incomplete FX markets96
Aspirational utility and investment behavior95
Editorial Board94
Financing breakthroughs under failure risk93
Gig labor: Trading safety nets for steering wheels93
Corporate culture: Evidence from the field91
Have risk premia vanished?90
Do investors care about carbon risk?89
Discrimination in the payments chain87
Micro uncertainty and asset prices86
Employee output response to stock market wealth shocks85
Independent regulators and financial stability evidence from gubernatorial election campaigns in the Progressive Era84
Price transparency in OTC equity lending markets: Evidence from a loan fee benchmark84
Peer selection and valuation in mergers and acquisitions82
Core earnings: New data and evidence80
Is there a risk-return tradeoff in the corporate bond market? Time-series and cross-sectional evidence79
Informed trading in government bond markets79
Self-Declared benchmarks and fund manager intent: “Cheating” or competing?78
Shale shocked: Cash windfalls and household debt repayment75
High policy uncertainty and low implied market volatility: An academic puzzle?74
Heterogeneous liquidity providers and night-minus-day return predictability74
Priced risk in corporate bonds73
Evergreening73
The value of intermediation in the stock market73
Is there a home field advantage in global markets?72
Network risk and key players: A structural analysis of interbank liquidity71
Does common ownership really increase firm coordination?71
Volatility, intermediaries, and exchange rates71
Does customer-base structure influence managerial risk-taking incentives?70
Life after LIBOR69
Editorial Board68
Asymmetric information, disagreement, and the valuation of debt and equity68
Financial education affects financial knowledge and downstream behaviors68
Editorial Board68
Editorial Board67
Editorial Board67
Financing the litigation arms race65
Skill versus reliability in venture capital65
Intermediary balance sheets and the treasury yield curve65
Gravity, counterparties, and foreign investment65
Liquidity, pledgeability, and the nature of lending65
Intermediary financing without commitment65
The short- and long-run effects of remote work on U.S. housing markets64
The death of a regulator: Strict supervision, bank lending, and business activity64
Flattening the curve: Pandemic-Induced revaluation of urban real estate63
Who creates new firms when local opportunities arise?63
What are the events that shake our world? Measuring and hedging global COVOL63
Machine learning and fund characteristics help to select mutual funds with positive alpha62
Count (and count-like) data in finance62
Editorial Board61
Keeping options open: What motivates entrepreneurs?61
Peak-Bust rental spreads61
Treasury yield implied volatility and real activity61
Endogenous inattention and risk-specific price underreaction in corporate bonds61
Dynastic control without ownership: Evidence from post-war Japan60
Dynamic asset (mis)pricing: Build-up versus resolution anomalies60
Refinancing cross-subsidies in the mortgage market60
Sustainable investing with ESG rating uncertainty59
Warp speed price moves: Jumps after earnings announcements59
The negativity bias and perceived return distributions: Evidence from a pandemic59
Asset holders’ consumption risk and tests of conditional CCAPM58
The fundamental-to-market ratio and the value premium decline58
Borrow now, pay even later: A quantitative analysis of student debt payment plans58
Patent quality, firm value, and investor underreaction: Evidence from patent examiner busyness58
In-sample and out-of-sample Sharpe ratios of multi-factor asset pricing models58
Strategic arbitrage in segmented markets57
Signals and stigmas from banking interventions: Lessons from the Bank Holiday of 193357
Expected idiosyncratic volatility57
Editorial Board57
Brexit and the contraction of syndicated lending56
International trade and the risk in bilateral exchange rates56
Validity, tightness, and forecasting power of risk premium bounds56
Venture capital contracts55
Market power in wholesale funding: A structural perspective from the triparty repo market55
Fire-sale risk in the leveraged loan market55
Competition, Product differentiation and Crises: Evidence from 18 million securitized loans55
Consumer-lending discrimination in the FinTech Era55
Revealing corruption: Firm and worker level evidence from Brazil53
Salience theory and the cross-section of stock returns: International and further evidence53
The cost of steering in financial markets: Evidence from the mortgage market52
Let the rich be flooded: The distribution of financial aid and distress after hurricane harvey52
Dissecting green returns52
Closing auctions: Nasdaq versus NYSE52
Expansionary yet different: Credit supply and real effects of negative interest rate policy51
Erratum to “Heterogeneous intermediary asset pricing” [Journal of Financial Economics 141/2 (2021) 505-532]50
Editorial Board50
Editorial Board50
Lifting the veil: The price formation of corporate bond offerings49
The cross-section of investment and profitability: Implications for asset pricing49
Efficient estimation of bid–ask spreads from open, high, low, and close prices49
Realized semibetas: Disentangling “good” and “bad” downside risks49
Persistent and transitory components of firm characteristics: Implications for asset pricing49
Missing values handling for machine learning portfolios49
The consequences of student loan credit expansions: Evidence from three decades of default cycles49
The remarkable growth in financial economics, 1974–202048
Empirical evaluation of overspecified asset pricing models48
Anatomy of a liquidity crisis: Corporate bonds in the COVID-19 crisis47
The local innovation spillovers of listed firms47
What do outside CEOs really do? Evidence from plant-level data47
Value creation in shareholder activism47
Long-term discount rates do not vary across firms46
Capital supply and corporate bond issuances: Evidence from mutual fund flows46
Impact of marketplace lending on consumers’ future borrowing capacities and borrowing outcomes45
Foreign investment of US multinationals: The effect of tax policy and agency conflicts.45
Treasury option returns and models with unspanned risks45
Fed information effects: Evidence from the equity term structure45
Editorial Board45
Common shocks in stocks and bonds45
Global Business Networks45
Can the changes in fundamentals explain the attenuation of anomalies?44
What moves treasury yields?44
Causal effects of closing businesses in a pandemic44
Macro risks and the term structure of interest rates43
Social interactions and households’ flood insurance decisions43
How monetary policy shaped the housing boom43
Lucky factors43
In sickness and in debt: The COVID-19 impact on sovereign credit risk43
Do the right firms survive bankruptcy?42
Editorial Board42
Price ceilings, market structure, and payout policies41
Network structure and pricing in the FX market41
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