Journal of Empirical Finance

Article	Citations
The effect of venture capital backing on innovation in newly public firms	45
House price bubbles under the COVID-19 pandemic	44
Uncovered interest rate parity redux: Non-uniform effects	44
Dynamic relationship between Stock and Bond returns: A GAS MIDAS copula approach	43
Bear factor and hedge fund performance	42
Are cryptocurrencies a safe haven for stock investors? A regime-switching approach	41
Public data openness and trade credit: Evidence from China	41
Persistent and transient variance components in option pricing models with variance-dependent Kernel	39
Estimation and inference in low frequency factor model regressions with overlapping observations	39
Mispricing and Anomalies: An Exogenous Shock to Short Selling from JGTRRA	39
On the profitability of influential carry-trade strategies: Data-snooping bias and post-publication performance	38
The stock return predictability of treasury bond yield in China	35
Using, taming or avoiding the factor zoo? A double-shrinkage estimator for covariance matrices	32
A revisit to bias-adjusted predictive regression	26
High frequency online inflation and term structure of interest rates: Evidence from China	25
Customer–supplier relationships and non-linear financial policy response	24
Climate change risk and green bond pricing	22
Editorial Board	21
The stock market tips	21
Changes in the electorate and firm values: Evidence from the introduction of female suffrage in Switzerland	21
Stock price movements: Evidence from global equity markets	21
Partial moments and indexation investment strategies	20
Identifying the underlying components of high-frequency data: Pure vs jump diffusion processes	20
Information salience, investor attention, and stock price crash risk	18
The correlated trading and investment performance of individual investors	18

Decision-based trades: An analysis of institutional investors’ information advantages	18
Tone or term: Machine-learning text analysis, featured vocabulary extraction, and evidence from bond pricing in China	18
Modeling and forecasting dynamic conditional correlations with opening, high, low, and closing prices	17
Is machine learning a necessity? A regression-based approach for stock return prediction	17
Regulatory fragmentation and corporate innovation	17
Smart beta, “smarter” flows	16
Portfolio homogeneity and systemic risk of financial networks	16
Firm-level political risk and corporate R&D investment	15
The anatomy of a fee change — evidence from cryptocurrency markets	15
A robust latent factor model for high-dimensional portfolio selection	15
The commodity risk premium and neural networks	15
Easy money and competitive industries’ booms and busts	15
Estimation with mixed data frequencies: A bias-correction approach	15
Equity issues, creditor control and market timing patterns: Evidence from leverage decreasing recapitalizations	15
Are stablecoins the money market mutual funds of the future?	14
Is gold a hedge or a safe haven against stock markets? Evidence from conditional comoments	14
Do fees matter? Investor’s sensitivity to active management fees	14
Depositor responses to a banking crisis: Are finance professionals special?	13
Forecasting financial volatility: An approach based on Parkinson volatility measure with long memory stochastic range model	13
Social connectedness and cross-border mergers and acquisitions	13
Managerial ability and financial statement disaggregation decisions	12
International comovement of r	12
Ownership structure and the cost of debt: Evidence from the Chinese corporate bond market	12
Improving information leadership share for measuring price discovery	11
Do firms use credit lines to support investment opportunities?: Evidence from success in R&D	11
Short-term institutional investors and the diffusion of supply chain information	11
Why does the Cochrane–Piazzesi model predict treasury returns?	11
Does a sudden breakdown in public information search impair analyst forecast accuracy? Evidence from China	11
Technological shocks and stock market volatility over a century	11
Margin-buying, short-selling, and stock valuation: Why is the effect reversed over time in China?	11
Bitcoin unchained: Determinants of cryptocurrency exchange liquidity	11
The AH premium: A tale of “siamese twin” stocks	11
The influence of long-term managerial orientation on pay inequality	10
Editorial Board	10
Peer influence and the value of cash holdings	10
Information in unexpected bonus cuts: Firm performance and CEO firings	10
Insider trading and anomalies	10
Unlocking predictive potential: The frequency-domain approach to equity premium forecasting	10
What drives the TIPS–Treasury bond mispricing?	10
Why Do U.S. Firms Invest Less over Time?	10
Technology spillover, corporate investment, and stock returns	9
CEO personality traits and corporate value implication of acquisitions	9
Certainty of uncertainty for asset pricing	9
Unveiling the villain: Credit supply and the debt trap	9
Multiple testing of the forward rate unbiasedness hypothesis across currencies	9
Editorial Board	9
Mutual fund performance and flow-performance relationship under ambiguity	9
Betting on success: Unveiling the role of local gambling culture in equity crowdfunding	9
Acute illness symptoms among investment professionals and stock market dynamics: Evidence from New York City	8
Financial statement disaggregation and bank loan pricing	8

Director optimism and CEO equity compensation	8
Reserve holding and bank lending	8
Tail risks and private equity performance	8
Coskewness and reversal of momentum returns: The US and international evidence	8
Option gamma and stock returns	8
Managerial commitment and heterogeneity in target-date funds	8
Market neutrality and beta crashes	8
An adaptive long memory conditional correlation model	8
Small is beautiful? How the introduction of mini futures contracts affects the regular contracts	7
Strategic implications of corporate disclosure via Twitter	7
The aftermath of covenant violations: Evidence from China's corporate debt securities	7
Household debt overhang and bankruptcy abuse prevention	7
Effects of customer unionization on supplier relationships and supplier value	7
Forecasting realized betas using predictors indicating structural breaks and asymmetric risk effects	7
It is not just What you say, but How you say it: Why tonality matters in central bank communication	7
The value of risk-taking in mergers: Role of ownership and country legal institutions	7
Editorial Board	7
The battle between activist hedge funds and labor unions	7
Mispricing chasing and hedge fund returns	7
Stock return prediction: Stacking a variety of models	7
Organization capital and analyst coverage	6
Stock return predictability and cyclical movements in valuation ratios	6
CEO neuroticism and corporate cash holdings: Evidence from CEOs’ tweets	6
Skilled active liquidity management: Evidence from shocks to fund flows	6
How price limit affects the market efficiency in a short-sale constrained market? Evidence from a quasi-natural experiment	6
Bank dividends, interest expenses, and leverage	6
Local predictability of stock returns and cash flows	6
Behavioral biases, information frictions and interest rate expectations	6
Dynamic risk management and asset comovement	6
Equity markets volatility clustering: A multiscale analysis of intraday and overnight returns	5
The effects of economic uncertainty on financial volatility: A comprehensive investigation	5
Empirical analysis of crude oil dynamics using affine vs. non-affine jump-diffusion models	5
How does bank opacity affect credit growth and return predictability?	5
Forecasting realized volatility: Does anything beat linear models?	5
The role of bad-news coverage and media environments in crash risk around the world	5
(In)Attention: distracted shareholders and corporate innovation	5
An empirical application of Particle Markov Chain Monte Carlo to frailty correlated default models	5
The economic value of equity implied volatility forecasting with machine learning	5
Can we forecast better in periods of low uncertainty? The role of technical indicators	5
Credit distortions in Japanese momentum	5
The effects of banking market structure on corporate cash holdings and the value of cash	5
Editorial Board	4
Global political risk and international stock returns	4
Forecasting intraday market risk: A marked self-exciting point process with exogenous renewals	4
Option valuation via nonaffine dynamics with realized volatility	4
Policy risk and insider trading	4
Media, inventors, and corporate innovation	4
Limit order revisions across investor sophistication	4
US cross-listing and domestic high-frequency trading: Evidence from Canadian stocks	4
The rise of venture capital and IPO quality	4
Automated stock picking using random forests	4
Why do firms with no leverage still have leverage and volatility feedback effects?	4
The risk–return tradeoff among equity factors	4
Time series momentum and reversal: Intraday information from realized semivariance	4
Big portfolio selection by graph-based conditional moments method	4
Testing predictability of stock returns under possible bubbles	4
The Veracity of Insider Trading Signals in Financially Distressed Firms	4
Combining the MGHyp distribution with nonlinear shrinkage in modeling financial asset returns	4
Monitoring institutional ownership and corporate innovation	4
Can existing corporate finance theories explain security offerings during the COVID-19 pandemic?	4
Macroeconomic news and price synchronicity	4
Implied local volatility models	4
Industry regulation and the comovement of stock returns	4
The informativeness of regional GDP announcements: Evidence from China	4
Allocation of attention and the delayed reaction of stock returns to liquidity shock: Global evidence	3
Economic aggregation of return signals in global markets	3
Jump tail risk exposure and the cross-section of stock returns	3
Do investors reach for yield? Evidence from corporate bond mutual fund flows	3
Product competition, political connections, and the costs of high leverage	3
Default-probability-implied credit ratings for Chinese firms	3
What drives robo-advice?	3
Geographical proximity, cultural familiarity and financial information production	3
When “time varying” volatility meets “transaction cost” in portfolio selection	3
Income inequality, inflation and financial development	3
US risk premia under emerging markets constraints	3
Cross-market volatility forecasting with attention-based spatial–temporal graph convolutional networks	3
The 2008 short-selling ban’s impact on tail risk	3
Detecting jumps amidst prevalent zero returns: Evidence from the U.S. Treasury securities	3
The PhD origins of finance faculty	3
Carbon dioxide and asset pricing: Evidence from international stock markets	3

Religiosity and sovereign credit quality	3
A jumping index of jumping stocks? An MCMC analysis of continuous-time models for individual stocks	3
Disagreement, speculation, and the idiosyncratic volatility	3
Enhancing betting against beta with stochastic dominance	3
Momentum is still there conditional on volatility-amplified pessimism	3
Herding behavior and systemic risk in global stock markets	3
A financial modeling approach to industry exchange-traded funds selection	3
Horizontal mergers and heterogeneous firm investments: evidence from the United States	3
Corporate social responsibility and excess perks	3
Running a mutual fund: Performance and trading behavior of runner managers	3
Factor correlation and the cross section of asset returns: A correlation-robust machine learning approach	3
Volatility and jumps in the Chinese Yuan using Gumbel distribution during the trade war and COVID-19 pandemic	3
Capital mobility and the long-run return–risk trade-offs of industry portfolios	3
The contributions of betas versus characteristics to the ESG premium	3
The Free Dividend Fallacy in the Chinese Stock Market: Evidence from Stock Pricing Behavior around Ex-dividend Day	3
Expected returns and risk in the stock market	3
The contribution of jump signs and activity to forecasting stock price volatility	3
Co-illiquidity management	3
Tick size and firm financing decisions: Evidence from a natural experiment	3