Journal of Financial Economics

Papers
(The TQCC of Journal of Financial Economics is 38. 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 2020-09-01 to 2024-09-01.)
ArticleCitations
How much should we trust staggered difference-in-differences estimates?1266
Do investors care about carbon risk?1154
Sustainable investing in equilibrium909
Corporate green bonds847
Responsible investing: The ESG-efficient frontier841
Corporate immunity to the COVID-19 pandemic723
Dissecting green returns434
Sustainable investing with ESG rating uncertainty372
Impact investing369
Count (and count-like) data in finance354
The Big Three and corporate carbon emissions around the world278
What do you think about climate finance?276
Socially responsible corporate customers258
Real effects of climate policy: Financial constraints and spillovers232
The real value of China’s stock market228
Machine learning in the Chinese stock market222
Air pollution, affect, and forecasting bias: Evidence from Chinese financial analysts216
Consumer-lending discrimination in the FinTech Era197
Stock market liberalization and innovation194
Risk management, firm reputation, and the impact of successful cyberattacks on target firms189
Anatomy of a liquidity crisis: Corporate bonds in the COVID-19 crisis180
Corporate culture: Evidence from the field180
Policy uncertainty and corporate credit spreads174
Financial education affects financial knowledge and downstream behaviors166
Treasury inconvenience yields during the COVID-19 crisis136
Internet searching and stock price crash risk: Evidence from a quasi-natural experiment135
Salience theory and stock prices: Empirical evidence122
Air pollution, behavioral bias, and the disposition effect in China117
IQ from IP: Simplifying search in portfolio choice116
On the fast track: Information acquisition costs and information production112
Retail trader sophistication and stock market quality: Evidence from brokerage outages111
Corporate bond mutual funds and asset fire sales110
Extrapolative beliefs in the cross-section: What can we learn from the crowds?109
Common ownership and competition in product markets108
Lucky factors106
Does common ownership really increase firm coordination?105
At the table but can not break through the glass ceiling:Board leadership positions elude diverse directors105
All the president's friends: Political access and firm value103
Token-based platform finance102
Can FinTech reduce disparities in access to finance? Evidence from the Paycheck Protection Program99
Bank monitoring: Evidence from syndicated loans98
Did the paycheck protection program hit the target?97
When the local newspaper leaves town: The effects of local newspaper closures on corporate misconduct95
The democratization of investment research and the informativeness of retail investor trading95
Bank liquidity provision across the firm size distribution94
Flattening the curve: Pandemic-Induced revaluation of urban real estate93
Understanding momentum and reversal93
Sophisticated investors and market efficiency: Evidence from a natural experiment92
Fund tradeoffs89
The local innovation spillovers of listed firms88
The price effects of liquidity shocks: A study of the SEC’s tick size experiment87
Asset pricing: A tale of night and day85
In sickness and in debt: The COVID-19 impact on sovereign credit risk85
Spillover effects in empirical corporate finance85
Targeted monetary policy and bank lending behavior84
On the performance of volatility-managed portfolios84
Loan guarantees and credit supply82
CEO-board dynamics82
Artificial intelligence, firm growth, and product innovation81
On the direct and indirect real effects of credit supply shocks80
Corporate actions and the manipulation of retail investors in China: An analysis of stock splits79
Risk perceptions and politics: Evidence from the COVID-19 pandemic77
A picture is worth a thousand words: Measuring investor sentiment by combining machine learning and photos from news74
Game on: Social networks and markets74
Systematic risk, debt maturity, and the term structure of credit spreads74
Inspecting the mechanism of quantitative easing in the euro area73
Market efficiency in the age of big data73
Is conflicted investment advice better than no advice?72
Long-term reversals in the corporate bond market72
The cost of steering in financial markets: Evidence from the mortgage market71
Firm selection and corporate cash holdings70
Accounting for financial stability: Bank disclosure and loss recognition in the financial crisis70
Uncertainty, access to debt, and firm precautionary behavior69
Taming the bias zoo68
Do people feel less at risk? Evidence from disaster experience67
Venture capital contracts66
Subnational debt of China: The politics-finance nexus66
Temperature shocks and industry earnings news66
The cross-section of intraday and overnight returns65
Credit migration and covered interest rate parity65
Surprise election for Trump connections65
Does mutual fund illiquidity introduce fragility into asset prices? Evidence from the corporate bond market64
Macroprudential FX regulations: Shifting the snowbanks of FX vulnerability?63
Let the rich be flooded: The distribution of financial aid and distress after hurricane harvey62
Business cycles and currency returns61
Access to public capital markets and employment growth60
Contracts with (Social) benefits: The implementation of impact investing59
Open banking: Credit market competition when borrowers own the data59
The Sources of Financing Constraints59
It’s not so bad: Director bankruptcy experience and corporate risk-taking59
Shielding firm value: Employment protection and process innovation59
Premium for heightened uncertainty: Explaining pre-announcement market returns59
Windfall gains and stock market participation59
Decomposing firm value58
Music sentiment and stock returns around the world56
Is there a zero lower bound? The effects of negative policy rates on banks and firms56
Reconstructing the yield curve56
Sticking to your plan: The role of present bias for credit card paydown56
The conditional expected market return56
Optimal financing with tokens56
It’s what you say and what you buy: A holistic evaluation of the corporate credit facilities55
Bitcoin’s limited adoption problem55
Corporate flexibility in a time of crisis55
Color and credit: Race, regulation, and the quality of financial services54
Macro news and micro news: Complements or substitutes?54
Risk-free interest rates53
Common shocks in stocks and bonds53
The term structure of equity risk premia52
Expansionary yet different: Credit supply and real effects of negative interest rate policy52
IPO peer effects52
Betting against betting against beta51
The electronic evolution of corporate bond dealers51
Central bank communication and the yield curve51
The micro and macro of managerial beliefs51
Salience theory and the cross-section of stock returns: International and further evidence50
Factors and risk premia in individual international stock returns50
Do limits to arbitrage explain the benefits of volatility-managed portfolios?50
Portfolio similarity and asset liquidation in the insurance industry50
On index investing49
Dissecting bankruptcy frictions49
And the children shall lead: Gender diversity and performance in venture capital49
The design and transmission of central bank liquidity provisions49
Issuance overpricing of China's corporate debt securities49
The effect of media-linked directors on financing and external governance49
Asset pricing with return extrapolation49
Asymmetric information risk in FX markets49
Identifying and boosting “Gazelles”: Evidence from business accelerators48
Hedging macroeconomic and financial uncertainty and volatility48
Oil volatility risk47
Diagnostic bubbles47
Time-varying demand for lottery: Speculation ahead of earnings announcements47
Does customer-base structure influence managerial risk-taking incentives?46
Hedging demand and market intraday momentum46
Are disagreements agreeable? Evidence from information aggregation46
Bias in the effective bid-ask spread45
The role of financial conditions in portfolio choices: The case of insurers45
Retail shareholder participation in the proxy process: Monitoring, engagement, and voting45
Sentiment and uncertainty45
Intraday arbitrage between ETFs and their underlying portfolios45
Democracy and the pricing of initial public offerings around the world44
News as sources of jumps in stock returns: Evidence from 21 million news articles for 9000 companies44
CoCo issuance and bank fragility44
Compensation disclosures and strategic commitment: Evidence from revenue-based pay43
A factor model for option returns43
Portfolio choice with sustainable spending: A model of reaching for yield43
Activism and empire building43
Bank transparency and deposit flows43
Market expectations of a warming climate43
Global market inefficiencies43
Collateral and asymmetric information in lending markets42
The Big Three and board gender diversity: The effectiveness of shareholder voice42
Signaling safety42
Expected return, volume, and mispricing42
Investors’ appetite for money-like assets: The MMF industry after the 2014 regulatory reform41
Monetary policy at work: Security and credit application registers evidence41
The short duration premium41
Persistent negative cash flows, staged financing, and the stockpiling of cash balances41
The paradox of pledgeability41
The effect of exogenous information on voluntary disclosure and market quality40
Does the lack of financial stability impair the transmission of monetary policy?40
The telegraph and modern banking development, 1881–193640
Mispricing, short-sale constraints, and the cross-section of option returns40
Regulatory cooperation and foreign portfolio investment40
High policy uncertainty and low implied market volatility: An academic puzzle?40
Pervasive underreaction: Evidence from high-frequency data40
Launching with a parachute: The gig economy and new business formation39
Trade credit and profitability in production networks39
Real effects of share repurchases legalization on corporate behaviors39
Global factor premiums39
Do activist hedge funds target female CEOs? The role of CEO gender in hedge fund activism39
Peer selection and valuation in mergers and acquisitions39
Eye in the sky: Private satellites and government macro data39
Learning from noise: Evidence from India’s IPO lotteries38
Spectral factor models38
The effect of minority veto rights on controller pay tunneling38
Competition, profitability, and discount rates38
Overnight returns, daytime reversals, and future stock returns38
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