Review of Financial Studies

Papers
(The TQCC of Review of Financial Studies is 28. 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 2020-02-01 to 2024-02-01.)
ArticleCitations
The Importance of Climate Risks for Institutional Investors891
Empirical Asset Pricing via Machine Learning797
Hedging Climate Change News464
Attention to Global Warming381
Carbon Tail Risk340
Risks and Returns of Cryptocurrency337
Dissecting Characteristics Nonparametrically336
Does Climate Change Affect Real Estate Prices? Only If You Believe In It266
Tokenomics: Dynamic Adoption and Valuation261
Measuring Corporate Culture Using Machine Learning254
Blockchain without Waste: Proof-of-Stake240
The Macroeconomics of Epidemics236
Climate Finance220
How Valuable Is Financial Flexibility when Revenue Stops? Evidence from the COVID-19 Crisis216
Temperature Shocks and Establishment Sales178
Factors That Fit the Time Series and Cross-Section of Stock Returns172
Bond Risk Premiums with Machine Learning167
Pricing Uncertainty Induced by Climate Change161
Is the Risk of Sea Level Rise Capitalized in Residential Real Estate?159
Do Fund Managers Misestimate Climatic Disaster Risk156
Get Real! Individuals Prefer More Sustainable Investments153
Decentralized Mining in Centralized Pools152
When Selling Becomes Viral: Disruptions in Debt Markets in the COVID-19 Crisis and the Fed’s Response141
Climate Change and Long-Run Discount Rates: Evidence from Real Estate135
Corporate Governance and Pollution Externalities of Public and Private Firms*131
Financial Constraints and Corporate Environmental Policies126
The Rise of Shadow Banking: Evidence from Capital Regulation109
Corporate ESG Profiles and Banking Relationships106
What Do Mutual Fund Investors Really Care About?105
Corporate Bond Liquidity during the COVID-19 Crisis103
Performance-Induced CEO Turnover101
A Transaction-Cost Perspective on the Multitude of Firm Characteristics100
The Deregulation of the Private Equity Markets and the Decline in IPOs94
Anomalies and False Rejections90
Do Foreign Institutional Investors Improve Price Efficiency?84
COVID-19 and Its Impact on Financial Markets and the Real Economy80
The Cross-Section of Risk and Returns79
Fintech Borrowers: Lax Screening or Cream-Skimming?79
Production Networks and Stock Returns: The Role of Vertical Creative Destruction78
Optimal Mitigation Policies in a Pandemic: Social Distancing and Working from Home76
Options Trading Costs Are Lower than You Think72
Selecting Directors Using Machine Learning71
Do Index Funds Monitor?70
Decentralizing Money: Bitcoin Prices and Blockchain Security70
Asset Pricing with Fading Memory70
Monitoring the Monitor: Distracted Institutional Investors and Board Governance67
Innovation and Informed Trading: Evidence from Industry ETFs66
Political Influence and the Renegotiation of Government Contracts64
Models or Stars: The Role of Asset Pricing Models and Heuristics in Investor Risk Adjustment62
The Rise of Finance Companies and FinTech Lenders in Small Business Lending61
Investors’ Attention to Corporate Governance61
Thousands of Alpha Tests60
The Use and Misuse of Patent Data: Issues for Finance and Beyond59
Climate Risk Disclosure and Institutional Investors57
The Economics of the Fed Put57
Marketing Mutual Funds57
Asset Price Bubbles and Systemic Risk56
Financial Inclusion, Human Capital, and Wealth Accumulation: Evidence from the Freedman’s Savings Bank56
Big Data in Finance55
Do Minorities Pay More for Mortgages?53
Private Equity Buyouts and Workplace Safety53
Mutual Fund Liquidity Transformation and Reverse Flight to Liquidity53
How Did Depositors Respond to COVID-19?52
Heterogeneous Taxes and Limited Risk Sharing: Evidence from Municipal Bonds51
Economic Consequences of Housing Speculation51
Factor Timing50
Managing Households’ Expectations with Unconventional Policies49
Pipeline Risk in Leveraged Loan Syndication49
Asset Insulators48
Does Borrower and Broker Race Affect the Cost of Mortgage Credit?47
New Methods for the Cross-Section of Returns46
Arbitrage Portfolios46
Going Underwater? Flood Risk Belief Heterogeneity and Coastal Home Price Dynamics45
Option Return Predictability45
The Origins and Real Effects of the Gender Gap: Evidence from CEOs’ Formative Years44
Do Investors Care about Impact?44
Mortgage Finance and Climate Change: Securitization Dynamics in the Aftermath of Natural Disasters44
Socially Responsible Investing in Good and Bad Times43
Mutual Funds as Venture Capitalists? Evidence from Unicorns41
Illiquidity and Stock Returns II: Cross-section and Time-series Effects41
Credit Supply and Housing Speculation41
Cybersecurity Risk41
Liquidity Restrictions, Runs, and Central Bank Interventions: Evidence from Money Market Funds40
Macroeconomic Attention and Announcement Risk Premia39
Speculators and Middlemen: The Strategy and Performance of Investors in the Housing Market39
The Cross-Section of Bank Value38
Why Do Firms Borrow Directly from Nonbanks?37
Review Article: Perspectives on the Future of Asset Pricing37
Echo Chambers37
Kicking the Can Down the Road: Government Interventions in the European Banking Sector37
Business Restrictions and COVID-19 Fatalities36
Taper Tantrums: Quantitative Easing, Its Aftermath, and Emerging Market Capital Flows35
Corporate Cash Shortfalls and Financing Decisions35
Renting Balance Sheet Space: Intermediary Balance Sheet Rental Costs and the Valuation of Derivatives35
Competition, Markups, and Predictable Returns35
Break Risk35
Extrapolative Bubbles and Trading Volume35
The Costs and Benefits of Shareholder Democracy: Gadflies and Low-Cost Activism35
Social Proximity to Capital: Implications for Investors and Firms34
Asset-Level Risk and Return in Real Estate Investments34
Microstructure in the Machine Age34
Where Has All the Data Gone?33
Missing Novelty in Drug Development33
Can Environmental Policy Encourage Technical Change? Emissions Taxes and R&D Investment in Polluting Firms33
Demand for Information, Uncertainty, and the Response of U.S. Treasury Securities to News33
When FinTech Competes for Payment Flows32
Global Portfolio Rebalancing and Exchange Rates32
Debt Maturity and the Dynamics of Leverage32
A Model of Endogenous Risk Intolerance and LSAPs: Asset Prices and Aggregate Demand in a “COVID-19” Shock31
Does Option Trading Have a Pervasive Impact on Underlying Stock Prices?31
Consumers as Financiers: Consumer Surplus, Crowdfunding, and Initial Coin Offerings30
Institutional Order Handling and Broker-Affiliated Trading Venues30
Evaluating Firm-Level Expected-Return Proxies: Implications for Estimating Treatment Effects30
Sharing the Pain? Credit Supply and Real Effects of Bank Bail-ins30
Communication within Banking Organizations and Small Business Lending29
Swing Pricing and Fragility in Open-End Mutual Funds29
Short-term Momentum29
Momentum and Reversals When Overconfident Investors Underestimate Their Competition29
The Total Return and Risk to Residential Real Estate29
Household Portfolio Underdiversification and Probability Weighting: Evidence from the Field28
Rules versus Discretion in Bank Resolution28
Peer Effects in Corporate Governance Practices: Evidence from Universal Demand Laws28
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