Journal of Empirical Finance

Article	Citations
The effect of venture capital backing on innovation in newly public firms	119
Uncovered interest rate parity redux: Non-uniform effects	45
Public data openness and trade credit: Evidence from China	41
Characteristic-sorted portfolios and macroeconomic risks—An orthogonal decomposition	41
Estimation and inference in low frequency factor model regressions with overlapping observations	38
Bear factor and hedge fund performance	38
Using, taming or avoiding the factor zoo? A double-shrinkage estimator for covariance matrices	37
On the profitability of influential carry-trade strategies: Data-snooping bias and post-publication performance	37
Dynamic relationship between Stock and Bond returns: A GAS MIDAS copula approach	35
House price bubbles under the COVID-19 pandemic	35
The stock return predictability of treasury bond yield in China	34
Mispricing and Anomalies: An Exogenous Shock to Short Selling from JGTRRA	33
Persistent and transient variance components in option pricing models with variance-dependent Kernel	32
Are cryptocurrencies a safe haven for stock investors? A regime-switching approach	31
A revisit to bias-adjusted predictive regression	28
High frequency online inflation and term structure of interest rates: Evidence from China	26
Stock price movements: Evidence from global equity markets	25
Customer–supplier relationships and non-linear financial policy response	20
The stock market tips	19
Changes in the electorate and firm values: Evidence from the introduction of female suffrage in Switzerland	19
Editorial Board	18
Tone or term: Machine-learning text analysis, featured vocabulary extraction, and evidence from bond pricing in China	17
Identifying the underlying components of high-frequency data: Pure vs jump diffusion processes	17
Climate change risk and green bond pricing	17
The correlated trading and investment performance of individual investors	16

Decision-based trades: An analysis of institutional investors’ information advantages	16
Partial moments and indexation investment strategies	16
Regulatory fragmentation and corporate innovation	16
Smart beta, “smarter” flows	14
Modeling and forecasting dynamic conditional correlations with opening, high, low, and closing prices	14
Caught in the crossfire: How the threat of hedge fund activism affects creditors	14
Is machine learning a necessity? A regression-based approach for stock return prediction	14
Information Salience, Investor Attention, and Stock Price Crash Risk	14
The commodity risk premium and neural networks	13
Estimation with mixed data frequencies: A bias-correction approach	13
Is idiosyncratic risk priced? The international evidence	13
Equity issues, creditor control and market timing patterns: Evidence from leverage decreasing recapitalizations	13
A robust latent factor model for high-dimensional portfolio selection	13
Portfolio homogeneity and systemic risk of financial networks	13
The anatomy of a fee change — evidence from cryptocurrency markets	12
Firm-level political risk and corporate R&D investment	12
Technological shocks and stock market volatility over a century	12
Are stablecoins the money market mutual funds of the future?	12
International comovement of r	12
Margin-buying, short-selling, and stock valuation: Why is the effect reversed over time in China?	12
Easy money and competitive industries’ booms and busts	12
The impact of liquidity risk in the Chinese banking system on the global commodity markets	12
Do fees matter? Investor’s sensitivity to active management fees	12
Is gold a hedge or a safe haven against stock markets? Evidence from conditional comoments	12
Managerial ability and financial statement disaggregation decisions	11
Bitcoin unchained: Determinants of cryptocurrency exchange liquidity	11
Depositor responses to a banking crisis: Are finance professionals special?	11
City goes dark: Dark trading and adverse selection in aggregate markets	11
Improving information leadership share for measuring price discovery	11
Does a sudden breakdown in public information search impair analyst forecast accuracy? Evidence from China	10
Forecasting financial volatility: An approach based on Parkinson volatility measure with long memory stochastic range model	10
Unlocking predictive potential: The frequency-domain approach to equity premium forecasting	10
Why does the Cochrane–Piazzesi model predict treasury returns?	10
Social connectedness and cross-border mergers and acquisitions	10
Short-term institutional investors and the diffusion of supply chain information	10
Machine learning loss given default for corporate debt	10
Ownership structure and the cost of debt: Evidence from the Chinese corporate bond market	10
The AH premium: A tale of “siamese twin” stocks	10
Insider trading and anomalies	9
What drives the TIPS–Treasury bond mispricing?	9
Editorial Board	9
Why Do U.S. Firms Invest Less over Time?	9
Do firms use credit lines to support investment opportunities?: Evidence from success in R&D	9
Editorial Board	9
The influence of long-term managerial orientation on pay inequality	9
Information in unexpected bonus cuts: Firm performance and CEO firings	9
Peer influence and the value of cash holdings	9
Certainty of uncertainty for asset pricing	8
CEO personality traits and corporate value implication of acquisitions	8
Managerial commitment and heterogeneity in target-date funds	8

Market neutrality and beta crashes	8
Mutual fund performance and flow-performance relationship under ambiguity	8
Financial statement disaggregation and bank loan pricing	8
Unveiling the villain: Credit supply and the debt trap	8
Acute illness symptoms among investment professionals and stock market dynamics: Evidence from New York City	8
Tail risks and private equity performance	8
Betting on success: Unveiling the role of local gambling culture in equity crowdfunding	8
Multiple testing of the forward rate unbiasedness hypothesis across currencies	8
Technology spillover, corporate investment, and stock returns	8
Reserve holding and bank lending	8
Director optimism and CEO equity compensation	7
Coskewness and reversal of momentum returns: The US and international evidence	7
Small is beautiful? How the introduction of mini futures contracts affects the regular contracts	7
Mispricing chasing and hedge fund returns	7
Effects of customer unionization on supplier relationships and supplier value	7
The battle between activist hedge funds and labor unions	7
An adaptive long memory conditional correlation model	7
Option gamma and stock returns	7
The value of risk-taking in mergers: Role of ownership and country legal institutions	7
Stock return prediction: Stacking a variety of models	7
Skilled active liquidity management: Evidence from shocks to fund flows	7
The aftermath of covenant violations: Evidence from China's corporate debt securities	7
It is not just What you say, but How you say it: Why tonality matters in central bank communication	7
Strategic implications of corporate disclosure via Twitter	7
Household debt overhang and bankruptcy abuse prevention	7
Stochastic volatility: A tale of co-jumps, non-normality, GMM and high frequency data	7
Editorial Board	7
Organization capital and analyst coverage	7
Forecasting realized betas using predictors indicating structural breaks and asymmetric risk effects	6
Bank dividends, interest expenses, and leverage	6
Equity markets volatility clustering: A multiscale analysis of intraday and overnight returns	6
Endogeneity in the mutual fund flow–performance relationship: An instrumental variables solution	6
Behavioral biases, information frictions and interest rate expectations	6
How price limit affects the market efficiency in a short-sale constrained market? Evidence from a quasi-natural experiment	6
CEO neuroticism and corporate cash holdings: Evidence from CEOs’ tweets	6
The economic value of equity implied volatility forecasting with machine learning	6
The effects of economic uncertainty on financial volatility: A comprehensive investigation	6
Can we forecast better in periods of low uncertainty? The role of technical indicators	6
Local predictability of stock returns and cash flows	6
Follow the leader: Index tracking with factor models	6
Stock return predictability and cyclical movements in valuation ratios	6
Dynamic risk management and asset comovement	6
Forecasting realized volatility: Does anything beat linear models?	6
Time series momentum and reversal: Intraday information from realized semivariance	5
Implied local volatility models	5
Option valuation via nonaffine dynamics with realized volatility	5
The role of bad-news coverage and media environments in crash risk around the world	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
An empirical application of Particle Markov Chain Monte Carlo to frailty correlated default models	4
Limit order revisions across investor sophistication	4
Macroeconomic news and price synchronicity	4
Why do firms with no leverage still have leverage and volatility feedback effects?	4
The informativeness of regional GDP announcements: Evidence from China	4
Income, trading, and performance: Evidence from retail investors	4
Media, inventors, and corporate innovation	4
Policy risk and insider trading	4
Big portfolio selection by graph-based conditional moments method	4
Can existing corporate finance theories explain security offerings during the COVID-19 pandemic?	4
Testing predictability of stock returns under possible bubbles	4
Forecasting intraday market risk: A marked self-exciting point process with exogenous renewals	4
Monitoring institutional ownership and corporate innovation	4
Global political risk and international stock returns	4
(In)Attention: distracted shareholders and corporate innovation	4
The effects of banking market structure on corporate cash holdings and the value of cash	4
The risk–return tradeoff among equity factors	4
Credit distortions in Japanese momentum	4
Industry regulation and the comovement of stock returns	4
Diversity and inclusion: Evidence from corporate inventors	4
Automated stock picking using random forests	4
Editorial Board	4
Cross-market volatility forecasting with attention-based spatial–temporal graph convolutional networks	3
Development banks and the syndicate structure: Evidence from a world sample	3
Income inequality, inflation and financial development	3
The contribution of jump signs and activity to forecasting stock price volatility	3
Combining the MGHyp distribution with nonlinear shrinkage in modeling financial asset returns	3
Default-probability-implied credit ratings for Chinese firms	3
Religiosity and sovereign credit quality	3
A jumping index of jumping stocks? An MCMC analysis of continuous-time models for individual stocks	3
Herding behavior and systemic risk in global stock markets	3

Capital mobility and the long-run return–risk trade-offs of industry portfolios	3
The PhD origins of finance faculty	3
The contributions of betas versus characteristics to the ESG premium	3
Do investors reach for yield? Evidence from corporate bond mutual fund flows	3
When “time varying” volatility meets “transaction cost” in portfolio selection	3
Tick size and firm financing decisions: Evidence from a natural experiment	3
Co-illiquidity management	3
Editorial Board	3
US cross-listing and domestic high-frequency trading: Evidence from Canadian stocks	3
A financial modeling approach to industry exchange-traded funds selection	3
Enhancing betting against beta with stochastic dominance	3
Horizontal mergers and heterogeneous firm investments: evidence from the United States	3
Allocation of attention and the delayed reaction of stock returns to liquidity shock: Global evidence	3
Jump tail risk exposure and the cross-section of stock returns	3
What drives robo-advice?	3
Momentum is still there conditional on volatility-amplified pessimism	3
Expected returns and risk in the stock market	3
US risk premia under emerging markets constraints	3
The rise of venture capital and IPO quality	3
Disagreement, speculation, and the idiosyncratic volatility	3
The price discovery role of day traders in futures market: Evidence from different types of day traders	3
Geographical proximity, cultural familiarity and financial information production	3
Reinforcement learning and risk preference in equity linked notes markets	3
Cross-border M&As and credit risk: Evidence from the CDS market	3