Journal of Financial Economics

Article	Citations
Quantifying the impact of red tape on investment: A survey data approach	1750
Unlocking clients: The importance of relationships in the financial advisory industry	1523
The cost of steering in financial markets: Evidence from the mortgage market	1169
Disclosing and cooling-off: An analysis of insider trading rules	1117
Strategic arbitrage in segmented markets	1074
Bank competition and household privacy in a digital payment monopoly	835
The real and financial effects of internal liquidity: Evidence from the Tax Cuts and Jobs Act	619
Editorial Board	561
Motivating collusion	523
Editorial Board	385
Closing auctions: Nasdaq versus NYSE	380
The rate of communication	352
Ambiguity about volatility and investor behavior	341
Revealing corruption: Firm and worker level evidence from Brazil	308
Expansionary yet different: Credit supply and real effects of negative interest rate policy	260
Voluntary disclosure with evolving news	237
Venture capital contracts	236
Volatility and the cross-section of returns on FX options	226
Editorial Board	212
The diversification and welfare effects of robo-advising	172
Intermediary-based equity term structure	168
Modeling volatility in dynamic term structure models	145
Failing to forecast rare events	140
Editorial Board	137
Editorial Board	136

Editorial	135
Editorial Board	134
Editorial Board	133
The short-termism trap: Catering to informed investors with limited horizons	132
Set it and forget it? Financing retirement in an age of defaults	125
Paying for beta: Leverage demand and asset management fees	119
Editorial Board	117
Editorial Board	117
Capital forbearance in the bank recovery and resolution game	115
Shattered housing	114
Do low search costs facilitate like-buys-like mergers? Evidence from common bank networks	112
Leverage	110
Sitting bucks: Stale pricing in fixed income funds	107
Monetary policy expectation errors	105
Asset holders’ consumption risk and tests of conditional CCAPM	103
Optimal financing with tokens	101
Financing constraints, home equity and selection into entrepreneurship	99
Does regulatory cooperation help integrate equity markets?	96
Broken promises, competition, and capital allocation in the mutual fund industry	94
Editorial Board	93
The jump leverage risk premium	93
Market power in wholesale funding: A structural perspective from the triparty repo market	91
Fire-sale risk in the leveraged loan market	91
Dynamic resource allocation with hidden volatility	90
Borrow now, pay even later: A quantitative analysis of student debt payment plans	89
Signals and stigmas from banking interventions: Lessons from the Bank Holiday of 1933	89
Arbitrage-based recovery	86
From employee to entrepreneur: The role of unemployment risk	86
Crowdsourcing peer information to change spending behavior	84
Four facts about ESG beliefs and investor portfolios	84
The global factor structure of exchange rates	81
Delayed crises and slow recoveries	81
In-sample and out-of-sample Sharpe ratios of multi-factor asset pricing models	78
Dominant currency debt	77
The SOFR discount	76
What matters in a characteristic?	75
Do limits to arbitrage explain the benefits of volatility-managed portfolios?	75
Contracting without contracting institutions: The trusted assistant loan in 19th century China	73
The “7% solution” and IPO (under)pricing	73
The effect of female leadership on contracting from Capitol Hill to Main Street	72
Pervasive underreaction: Evidence from high-frequency data	71
The high volume return premium and economic fundamentals	71
Competition, Product differentiation and Crises: Evidence from 18 million securitized loans	70
Finance and the supply of housing quality	70
Bank heterogeneity and financial stability	69
The use of asset growth in empirical asset pricing models	68
Banks as patient lenders: Evidence from a tax reform	68
Negative peer disclosure	67
Financial constraints, cash flow timing patterns, and asset prices	67
More informative disclosures, less informative prices? Portfolio and price formation around quarter-ends	66

Flexibility costs of debt: Danish exporters during the cartoon crisis	66
Young firms, old capital	66
Creditor rights, collateral reuse, and credit supply	65
Intermediation frictions in debt relief: Evidence from CARES Act forbearance	65
Reciprocal lending relationships in shadow banking	65
Momentum turning points	64
Benchmark interest rates when the government is risky	64
The impact of arbitrage on market liquidity	64
Validity, tightness, and forecasting power of risk premium bounds	63
Risk-free interest rates	62
Monetary tightening and U.S. bank fragility in 2023: Mark-to-market losses and uninsured depositor runs?	62
The effect of media-linked directors on financing and external governance	61
Expected return, volume, and mispricing	61
The role of financial conditions in portfolio choices: The case of insurers	61
Fire sale risk and expected stock returns	61
Understanding momentum and reversal	61
The governance of director compensation	60
Central bank communication and the yield curve	60
From patriarchy to partnership: Gender equality and household finance	60
Brexit and the contraction of syndicated lending	59
Salience theory and the cross-section of stock returns: International and further evidence	59
Self-imposed liquidity constraints via voluntary debt repayment	58
Financial transaction taxes and the informational efficiency of financial markets: A structural estimation	58
Uncertainty, access to debt, and firm precautionary behavior	58
International trade and the risk in bilateral exchange rates	58
Let the rich be flooded: The distribution of financial aid and distress after hurricane harvey	58
CEO compensation: Evidence from the field	57
A frog in every pan: Information discreteness and the lead-lag returns puzzle	57
Real effects of climate policy: Financial constraints and spillovers	57
A theory of financial media	57
Measuring the welfare cost of asymmetric information in consumer credit markets	57
Common ownership and innovation efficiency	57
Corporate actions and the manipulation of retail investors in China: An analysis of stock splits	57
Consumer-lending discrimination in the FinTech Era	57
What do you think about climate finance?	57
Air pollution, behavioral bias, and the disposition effect in China	55
The effects of disclosure and enforcement on payday lending in Texas	54
The colour of finance words	54
Do activist hedge funds target female CEOs? The role of CEO gender in hedge fund activism	54
The social signal	54
The impact of impact investing	54
Financial development and labor market outcomes: Evidence from Brazil	53
Financial inclusion, economic development, and inequality: Evidence from Brazil	53
Persistent government debt and aggregate risk distribution	52
The Wall Street stampede: Exit as governance with interacting blockholders	52
Extrapolative beliefs in the cross-section: What can we learn from the crowds?	52
The cross-section of intraday and overnight returns	51
Political ideology and international capital allocation	50
Corporate flexibility in a time of crisis	50
Financial factors and the propagation of the Great Depression	49
Dissecting green returns	49
Angel investment and first impressions	48
What is CEO overconfidence? Evidence from executive assessments	48
The democratization of investment research and the informativeness of retail investor trading	48
What do outside CEOs really do? Evidence from plant-level data	47
Stock return ignorance	47
Value creation in shareholder activism	47
Editorial Board	47
Cleansing by tight credit: Rational cycles and endogenous lending standards	47
Why are commercial loan rates so sticky? The effect of private information on loan spreads	47
Editorial Board	47
Intraday arbitrage between ETFs and their underlying portfolios	47
Editorial Board	47
Inflation and Disintermediation	47
Editorial Board	46
Editorial Board	46
Editorial Board	46
Why are corporate payouts so high in the 2000s?	46
Editorial Board	45
The volatility puzzle of the beta anomaly	45
Does paycheck frequency matter? Evidence from micro data	44
Token-based platform governance	44
Editorial Board	44
Direct lenders in the U.S. middle market	44
A tale of two types: Generalists vs. specialists in asset management	44
Conditional risk	44
Asset pricing with heterogeneous agents and long-run risk	43
Demand-and-supply imbalance risk and long-term swap spreads	43
Editorial Board	43
The distributional effects of student loan forgiveness	43

Editorial Board	42
Sovereign risk premia and global macroeconomic conditions	42
The bank as Grim Reaper: Debt composition and bankruptcy thresholds	41
The pass-through of uncertainty shocks to households	41
Banks funding, leverage, and investment	41
Extracting extrapolative beliefs from market prices: An augmented present-value approach	40
Pricing of index options in incomplete markets	40
Labor leverage, coordination failures, and aggregate risk	39
Racial disparities in the Paycheck Protection Program	39
What is the impact of introducing a parallel OTC market? Theory and evidence from the chinese interbank FX market	39
Reaching for yield and the housing market: Evidence from 18th-century Amsterdam	38
Small and vulnerable: SME productivity in the great productivity slowdown	38
Feedback loops in industry trade networks and the term structure of momentum profits	38
The cross-section of investment and profitability: Implications for asset pricing	37
Investing outside the box: Evidence from alternative vehicles in private equity	37
Uncertainty about what is in the price	37
Impact of marketplace lending on consumers’ future borrowing capacities and borrowing outcomes	37
Long-term discount rates do not vary across firms	36
The remarkable growth in financial economics, 1974–2020	36
Are cryptos different? Evidence from retail trading	36
Persistent negative cash flows, staged financing, and the stockpiling of cash balances	36
Missing values handling for machine learning portfolios	36
Risk-adjusted capital allocation and misallocation	36
Inside brokers	36
Voting and trading: The shareholder’s dilemma	36
Common shocks in stocks and bonds	36
The proxy advisory industry: Influencing and being influenced	36
Erratum to “Heterogeneous intermediary asset pricing” [Journal of Financial Economics 141/2 (2021) 505-532]	36
Loan spreads and credit cycles: The role of lenders’ personal economic experiences	35
Product market strategy and corporate policies	35
Investment responses to tax policy under uncertainty	35
The international propagation of economic downturns through multinational companies: The real economy channel	35
Corporate responses to stock price fragility	35
Empirical evaluation of overspecified asset pricing models	35
Bitcoin’s limited adoption problem	34
Good for your fiscal health? The effect of the affordable care act on healthcare borrowing costs	34
Real-time price discovery via verbal communication: Method and application to Fedspeak	34
The big bang: Stock market capitalization in the long run	33
Oil volatility risk	33
Lifting the veil: The price formation of corporate bond offerings	33
Anatomy of a liquidity crisis: Corporate bonds in the COVID-19 crisis	33
The consequences of student loan credit expansions: Evidence from three decades of default cycles	33
Attention triggers and investors’ risk-taking	33
Treasury inconvenience yields during the COVID-19 crisis	33
Realized semibetas: Disentangling “good” and “bad” downside risks	33
When and how are rule 10b5-1 plans used for insider stock sales?	32
Trade credit and profitability in production networks	32
Spectral factor models	32
Efficient estimation of bid–ask spreads from open, high, low, and close prices	32
On the information content of credit ratings and market-based measures of default risk	31
The impact of consumer credit access on self-employment and entrepreneurship	31
Capital supply and corporate bond issuances: Evidence from mutual fund flows	31
Limited attention to detail in financial markets: Evidence from reduced-form and structural estimation	31
Specialization and performance in private equity: Evidence from the hotel industry	31
Stocks for the long run? Evidence from a broad sample of developed markets	31
Information technology and lender competition	31
Institutional investors, heterogeneous benchmarks and the comovement of asset prices	30
Aggregate lapsation risk	30
Asset pricing with index investing	30
Gradual information diffusion across commonly owned firms	30
On the fast track: Information acquisition costs and information production	30
Partisan residential sorting on climate change risk	29
Treasury option returns and models with unspanned risks	29
News as sources of jumps in stock returns: Evidence from 21 million news articles for 9000 companies	29
Persistent and transitory components of firm characteristics: Implications for asset pricing	29
The local innovation spillovers of listed firms	29
Mispricing, short-sale constraints, and the cross-section of option returns	29
Entrepreneurship and information on past failures: A natural experiment	29
Measuring macroeconomic tail risk	29
The effect of stock liquidity on cash holdings: The repurchase motive	29
Active trading and (poor) performance: The social transmission channel	29
Machine-learning the skill of mutual fund managers	29
Betting against betting against beta	28
How much should we trust staggered difference-in-differences estimates?	28
Editorial Board	28
High-cost debt and perceived creditworthiness: Evidence from the UK	28
Bank transparency and deposit flows	28
And the children shall lead: Gender diversity and performance in venture capital	28
Q: Risk, rents, or growth?	28
Why does the Fed move markets so much? A model of monetary policy and time-varying risk aversion	28
Disaster resilience and asset prices	28
Factors and risk premia in individual international stock returns	28
Fed information effects: Evidence from the equity term structure	28
Editorial Board	27
Bank liquidity provision across the firm size distribution	27
Editorial Board	27
Credit cycles with market-based household leverage	27
Editorial Board	27
What moves treasury yields?	27
Editorial Board	27
Editorial Board	26
Foreign investment of US multinationals: The effect of tax policy and agency conflicts.	26
Editorial Board	26
Personal finance education mandates and student loan repayment	26
Searching for the equity premium	26