Journal of Finance

Article	Citations
Is Bitcoin Really Untethered?	306
Tracking Retail Investor Activity	287
Declining Labor and Capital Shares	244
Local Crowding‐Out in China	221
Common Risk Factors in Cryptocurrency	217
Firm‐Level Climate Change Exposure	180
Attention‐Induced Trading and Returns: Evidence from Robinhood Users	151
Banking on Deposits: Maturity Transformation without Interest Rate Risk	148
Predictably Unequal? The Effects of Machine Learning on Credit Markets	141
Presidential Address: Social Transmission Bias in Economics and Finance	134
The Pollution Premium	126
The Limits of Limited Liability: Evidence from Industrial Pollution	123
Foreign Safe Asset Demand and the Dollar Exchange Rate	123
The Impact of Supervision on Bank Performance	110
The Wisdom of the Robinhood Crowd	107
Weathering Cash Flow Shocks	104
Partisan Professionals: Evidence from Credit Rating Analysts	98
Subjective Cash Flow and Discount Rate Expectations	94
Stock Market Returns and Consumption	94
Low‐Risk Anomalies?	94
Factor Momentum and the Momentum Factor	93
The Causal Effect of Limits to Arbitrage on Asset Pricing Anomalies	91
Fire‐Sale Spillovers and Systemic Risk	85
Anomalies and the Expected Market Return	84
Every Cloud Has a Silver Lining: Fast Trading, Microwave Connectivity, and Trading Costs	83

Global Pricing of Carbon‐Transition Risk	75
Institutional Investors and Corporate Governance: The Incentive to Be Engaged	74
Is There a Replication Crisis in Finance?	72
Leverage Dynamics without Commitment	70
Prospect Theory and Stock Market Anomalies	70
Equilibrium Bitcoin Pricing	69
The Misguided Beliefs of Financial Advisors	68
Measuring Mutual Fund Flow Pressure as Shock to Stock Returns	67
Bank Market Power and Monetary Policy Transmission: Evidence from a Structural Estimation	66
Rising Intangible Capital, Shrinking Debt Capacity, and the U.S. Corporate Savings Glut	63
Predictable Financial Crises	62
Time Variation of the Equity Term Structure	61
Do Intermediaries Matter for Aggregate Asset Prices?	61
Do Firms Respond to Gender Pay Gap Transparency?	60
Talent in Distressed Firms: Investigating the Labor Costs of Financial Distress	60
Understanding Systematic Risk: A High‐Frequency Approach	59
Going the Extra Mile: Distant Lending and Credit Cycles	58
Information Consumption and Asset Pricing	58
Fire‐Sale Spillovers in Debt Markets	58
The Mismatch Between Mutual Fund Scale and Skill	57
What Explains Differences in Finance Research Productivity during the Pandemic?	56
False (and Missed) Discoveries in Financial Economics	54
The Fragility of Market Risk Insurance	54
Do Equity Markets Care about Income Inequality? Evidence from Pay Ratio Disclosure	54
The Loan Covenant Channel: How Bank Health Transmits to the Real Economy	54
Liquidity Supply in the Corporate Bond Market	53
Presidential Address: Sustainable Finance and ESG Issues—ValueversusValues	52
Belief Disagreement and Portfolio Choice	52
Presidential Address: Corporate Finance and Reality	49
Monetary Policy and Asset Valuation	48
Leverage Regulation and Market Structure: A Structural Model of the U.K. Mortgage Market	48
Bad Credit, No Problem? Credit and Labor Market Consequences of Bad Credit Reports	48
Volatility Expectations and Returns	47
Credit Rating Inflation and Firms' Investments	46
Mortgage Design in an Equilibrium Model of the Housing Market	46
Valuing Private Equity Investments Strip by Strip	45
Do Household Wealth Shocks Affect Productivity? Evidence from Innovative Workers During the Great Recession	45
The Employment Effects of Faster Payment: Evidence from the Federal Quickpay Reform	44
How Debit Cards Enable the Poor to Save More	44
The Misallocation of Finance	44
Don't Take Their Word for It: The Misclassification of Bond Mutual Funds	44
Currency Mispricing and Dealer Balance Sheets	43
Bayesian Solutions for the Factor Zoo: We Just Ran Two Quadrillion Models	42
No Job, No Money, No Refi: Frictions to Refinancing in a Recession	41
The Limits of Model‐Based Regulation	41
Inalienable Customer Capital, Corporate Liquidity, and Stock Returns	41
Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy	40
The Banking View of Bond Risk Premia	40
Informational Frictions and the Credit Crunch	40
Who Wears the Pants? Gender Identity Norms and Intrahousehold Financial Decision‐Making	40

Market Structure and Transaction Costs of Index CDSs	39
Monetary Policy and Reaching for Income	36
Barbarians at the Store? Private Equity, Products, and Consumers	36
A Theory of Zombie Lending	36
A Macrofinance View of U.S. Sovereign CDS Premiums	36
Can the Market Multiply and Divide? Non‐Proportional Thinking in Financial Markets	35
Are CEOs Different?	35
The Forced Safety Effect: How Higher Capital Requirements Can Increase Bank Lending	34
Out‐of‐Town Home Buyers and City Welfare	34
Specialization in Bank Lending: Evidence from Exporting Firms	34
Commodity Financialization and Information Transmission	34
The Limits of p‐Hacking: Some Thought Experiments	34
Decentralization through Tokenization	34
Real Estate Shocks and Financial Advisor Misconduct	33
Equilibrium Asset Pricing with Leverage and Default	33
Trading Costs and Informational Efficiency	33
The Anatomy of the Transmission of Macroprudential Policies	32
The Private Production of Safe Assets	32
Testing Disagreement Models	31
Inequality Aversion, Populism, and the Backlash against Globalization	31
Skill, Scale, and Value Creation in the Mutual Fund Industry	31
Reinvestment Risk and the Equity Term Structure	31
Model‐Free International Stochastic Discount Factors	30
Volatility, Valuation Ratios, and Bubbles: An Empirical Measure of Market Sentiment	30
Monetary Policy and Global Banking	30
Reusing Natural Experiments	29
Female Representation in the Academic Finance Profession	29
Learning From Disagreement in the U.S. Treasury Bond Market	29
Asset Managers: Institutional Performance and Factor Exposures	29
Sentiment Trading and Hedge Fund Returns	28
Structuring Mortgages for Macroeconomic Stability	27
Did FinTech Lenders Facilitate PPP Fraud?	27
The Perception of Dependence, Investment Decisions, and Stock Prices	27
Stock Market's Assessment of Monetary Policy Transmission: The Cash Flow Effect	27
Cultural Biases in Equity Analysis	26
Borrowing to Save? The Impact of Automatic Enrollment on Debt	26
Model Comparison with Transaction Costs	26
Common Ownership Does Not Have Anticompetitive Effects in the Airline Industry	26
Financial Fragility with SAM?	26
Safety Transformation and the Structure of the Financial System	25
CEO Political Leanings and Store‐Level Economic Activity during the COVID‐19 Crisis: Effects on Shareholder Value and Public Health	24
Non‐Deal Roadshows, Informed Trading, and Analyst Conflicts of Interest	24
A New Test of Risk Factor Relevance	24
How Do Financial Constraints Affect Product Pricing? Evidence from Weather and Life Insurance Premiums	23
Clients' Connections: Measuring the Role of Private Information in Decentralized Markets	22
Economic Stimulus at the Expense of Routine‐Task Jobs	22
Inventory Management, Dealers' Connections, and Prices in Over‐the‐Counter Markets	22
Pockets of Predictability	22
Who Owns What? A Factor Model for Direct Stockholding	22
Duration‐Driven Returns	21
Modeling Corporate Bond Returns	21
Forced Entrepreneurs	20
Information Inertia	20
Cash Flow News and Stock Price Dynamics	20
Asset Pricing and Sports Betting	20
Quantifying Reduced‐Form Evidence on Collateral Constraints	19
Increasing Enrollment in Income‐Driven Student Loan Repayment Plans: Evidence from the Navient Field Experiment	19
The Gender Gap in Housing Returns	18
The Cross Section of MBS Returns	18
Is There a Risk Premium in the Stock Lending Market? Evidence from Equity Options	18
Stock Market Spillovers via the Global Production Network: Transmission of U.S. Monetary Policy	18
Mutual Fund Holdings of Credit Default Swaps: Liquidity, Yield, and Risk	18
Intermediation Variety	18
Price and Probability: Decomposing the Takeover Effects of Anti‐Takeover Provisions	18
Retail Trading in Options and the Rise of the Big Three Wholesalers	17
Resource Allocation in Bank Supervision: Trade‐Offs and Outcomes	17
Pricing Currency Risks	16
Property Rights to Client Relationships and Financial Advisor Incentives	16
Negative Home Equity and Household Labor Supply	16
Employee Costs of Corporate Bankruptcy	16
The Virtue of Complexity in Return Prediction	15
Monetary Policy Spillovers through Invoicing Currencies	15
Regulation of Charlatans in High‐Skill Professions	15
Financial Crisis, Creditor‐Debtor Conflict, and Populism	15
Late to Recessions: Stocks and the Business Cycle	15
Presidential Address: How Much “Rationality” Is There in Bond‐Market Risk Premiums?	15
Rents and Intangible Capital: A Q+ Framework	14
Debt Refinancing and Equity Returns	14
Financial Crises and Political Radicalization: How Failing Banks Paved Hitler's Path to Power	14
Long‐Run Risk: Is It There?	14

Model Secrecy and Stress Tests	14
The Economics of Hedge Fund Startups: Theory and Empirical Evidence	13
Integrating Factor Models	13
Information Asymmetry, Mispricing, and Security Issuance	13
Do Municipal Bond Dealers Give Their Customers “Fair and Reasonable” Pricing?	13
Principal Portfolios	12
Rent Extraction with Securities Plus Cash	12
Do Physiological and Spiritual Factors Affect Economic Decisions?	12
For Richer, for Poorer: Bankers' Liability and Bank Risk in New England, 1867 to 1880	12
(Re‐)Imag(in)ing Price Trends	12
Leveraged Funds and the Shadow Cost of Leverage Constraints	12
The Capitalization of Consumer Financing into Durable Goods Prices	12
Asset Pricing with Cohort‐Based Trading in MBS Markets	11
Anonymous Trading in Equities	10
Pledgeability and Asset Prices: Evidence from the Chinese Corporate Bond Markets	10
The Cost of Capital for Banks: Evidence from Analyst Earnings Forecasts	10
Are Analyst Short‐Term Trade Ideas Valuable?	10
Luck versus Skill in the Cross Section of Mutual Fund Returns: Reexamining the Evidence	10
Risk‐Sharing and the Term Structure of Interest Rates	9
(Why) Do Central Banks Care about Their Profits?	9
Optimal Financial Transaction Taxes	9
Risk Management in Financial Institutions: A Replication	9
Import Competition and Household Debt	9
A Model of Systemic Bank Runs	9
Rare Disasters, Financial Development, and Sovereign Debt	9
Option Momentum	8
Moral Hazard versus Liquidity in Household Bankruptcy	8
When Should Bankruptcy Law Be Creditor‐ or Debtor‐Friendly? Theory and Evidence	8
A Dynamic Model of Optimal Creditor Dispersion	8
Selling Fast and Buying Slow: Heuristics and Trading Performance of Institutional Investors	8
Fully Closed: Individual Responses to Realized Gains and Losses	8
International Yield Curves and Currency Puzzles	8
Payment System Externalities	7
Less Mainstream Credit, More Payday Borrowing? Evidence from Debt Collection Restrictions	7
Monetary Stimulus amidst the Infrastructure Investment Spree: Evidence from China's Loan‐Level Data	7
Can Security Design Foster Household Risk‐Taking?	7
Investor Tax Credits and Entrepreneurship: Evidence from U.S. States	7
Loan Terms and Collateral: Evidence from the Bilateral Repo Market	7
A Unified Model of Firm Dynamics with Limited Commitment and Assortative Matching	7
The Economics of Deferral and Clawback Requirements	7
The Impact of Repossession Risk on Mortgage Default	7
Retail Financial Innovation and Stock Market Dynamics: The Case of Target Date Funds	7
Dissecting Conglomerate Valuations	7
The Two‐Pillar Policy for the RMB	6
Liquidity Fluctuations in Over‐the‐Counter Markets	6
Attention Spillover in Asset Pricing	6
Limited Risk Sharing and International Equity Returns	6
The Price of Higher Order Catastrophe Insurance: The Case of VIX Options	5
Biased Auctioneers	5
Local Experiences, Search, and Spillovers in the Housing Market	5
Discount‐Rate Risk in Private Equity: Evidence from Secondary Market Transactions	5
CLO Performance	5
Front‐Page News: The Effect of News Positioning on Financial Markets	5
Optimal Sequential Selling Mechanism and Deal Protections in Mergers and Acquisitions	5
Competition and Misconduct	5
Do Market Prices Improve the Accuracy of Court Valuations in Chapter 11?	5
Public Thrift, Private Perks: Signaling Board Independence with Executive Pay	4
Stealth Acquisitions and Product Market Competition	4
Liquidity, Volume, and Order Imbalance Volatility	4
Contracting in Peer Networks	4
Naïve Buying Diversification and Narrow Framing by Individual Investors	4
Lender Automation and Racial Disparities in Credit Access	4
The Legal Origins of Financial Development: Evidence from the Shanghai Concessions	4
Legal Risk and Insider Trading	4
Stock Market and No‐Dividend Stocks	4
Trading and Shareholder Democracy	4