Journal of Financial Economics

Article	Citations
Editorial Board	2327
Bank heterogeneity and financial stability	2071
Arbitrage-based recovery	1521
Expected return, volume, and mispricing	1497
Risk-free interest rates	1387
Equity duration and predictability	830
What matters in a characteristic?	822
Momentum turning points	746
Editorial Board	499
Editorial Board	486
Monetary policy expectation errors	481
Set it and forget it? Financing retirement in an age of defaults	474
Financial factors and the propagation of the Great Depression	454
CEO compensation: Evidence from the field	421
The role of financial conditions in portfolio choices: The case of insurers	333
Stakes and investor behaviors	310
Sovereign risk premia and global macroeconomic conditions	304
Loan spreads and credit cycles: The role of lenders’ personal economic experiences	211
Racial disparities in the Paycheck Protection Program	175
Why are corporate payouts so high in the 2000s?	173
Direct lenders in the U.S. middle market	171
Conditional risk	170
Voting and trading: The shareholder’s dilemma	169
The invention of corporate governance	169
Institutional investors, heterogeneous benchmarks and the comovement of asset prices	162

Bitcoin’s limited adoption problem	161
News as sources of jumps in stock returns: Evidence from 21 million news articles for 9000 companies	150
Machine-learning the skill of mutual fund managers	149
Betting against betting against beta	148
Defunding controversial industries: Can targeted credit rationing choke firms?	146
Price regulation in two-sided markets: Empirical evidence from debit cards	145
Editorial Board	133
Finance without exotic risk	127
The return of return dominance: Decomposing the cross-section of prices	124
Gig labor: Trading safety nets for steering wheels	124
Asset life, leverage, and debt maturity matching	119
Financing breakthroughs under failure risk	118
Insurance and portfolio decisions: Two sides of the same coin?	113
Have risk premia vanished?	111
M&A rumors about unlisted firms	111
Global factor premiums	102
Market efficiency in the age of big data	101
Democracy and the pricing of initial public offerings around the world	101
Aspirational utility and investment behavior	101
Corporate culture: Evidence from the field	100
The risk and return of impact investing funds	100
Equity tail risk and currency risk premiums	100
Bank liquidity provision across the firm size distribution	99
Heterogeneous liquidity providers and night-minus-day return predictability	94
Do investors care about carbon risk?	94
Discrimination in the payments chain	94
Core earnings: New data and evidence	93
Informed trading in government bond markets	93
Price transparency in OTC equity lending markets: Evidence from a loan fee benchmark	92
Micro uncertainty and asset prices	90
Independent regulators and financial stability evidence from gubernatorial election campaigns in the Progressive Era	89
Pricing and constructing international government bond portfolios	87
Evergreening	86
Is there a home field advantage in global markets?	86
The value of intermediation in the stock market	85
Priced risk in corporate bonds	84
Is there a risk-return tradeoff in the corporate bond market? Time-series and cross-sectional evidence	83
Peer selection and valuation in mergers and acquisitions	82
Does customer-base structure influence managerial risk-taking incentives?	81
Self-Declared benchmarks and fund manager intent: “Cheating” or competing?	81
High policy uncertainty and low implied market volatility: An academic puzzle?	80
Employee output response to stock market wealth shocks	80
Shale shocked: Cash windfalls and household debt repayment	80
Intermediary balance sheets and the treasury yield curve	79
Financial education affects financial knowledge and downstream behaviors	79
Intermediary financing without commitment	79
Skill versus reliability in venture capital	79
Reaching for yield: Evidence from households	78
Machine learning and fund characteristics help to select mutual funds with positive alpha	78
Gravity, counterparties, and foreign investment	77

Macroeconomic drivers and the pricing of uncertainty, inflation, and bonds	76
Editorial Board	76
Liquidity, pledgeability, and the nature of lending	76
Editorial Board	74
Editorial Board	73
The death of a regulator: Strict supervision, bank lending, and business activity	72
Editorial Board	72
Asymmetric information, disagreement, and the valuation of debt and equity	71
Who creates new firms when local opportunities arise?	71
Financing the litigation arms race	71
What are the events that shake our world? Measuring and hedging global COVOL	71
The short- and long-run effects of remote work on U.S. housing markets	70
Flattening the curve: Pandemic-Induced revaluation of urban real estate	70
Count (and count-like) data in finance	70
Fintech entry, lending market competition, and welfare	69
Editorial Board	69
Peak-Bust rental spreads	68
Refinancing cross-subsidies in the mortgage market	67
Warp speed price moves: Jumps after earnings announcements	67
The fundamental-to-market ratio and the value premium decline	66
Dynastic control without ownership: Evidence from post-war Japan	66
The negativity bias and perceived return distributions: Evidence from a pandemic	62
Keeping options open: What motivates entrepreneurs?	60
Editorial Board	60
Patent quality, firm value, and investor underreaction: Evidence from patent examiner busyness	60
Understanding the strength of the dollar	60
Dynamic asset (mis)pricing: Build-up versus resolution anomalies	59
ESG lending	59
Sustainable investing with ESG rating uncertainty	58
Endogenous inattention and risk-specific price underreaction in corporate bonds	58
Editorial Board	57
Rules versus discretion in capital regulation	57
Borrow now, pay even later: A quantitative analysis of student debt payment plans	56
Honoring Michael C. Jensen	56
The cost of steering in financial markets: Evidence from the mortgage market	56
Signals and stigmas from banking interventions: Lessons from the Bank Holiday of 1933	55
International trade and the risk in bilateral exchange rates	55
Inflation and Trading	55
Asset holders’ consumption risk and tests of conditional CCAPM	54
Fire-sale risk in the leveraged loan market	54
Competition, Product differentiation and Crises: Evidence from 18 million securitized loans	53
Revealing corruption: Firm and worker level evidence from Brazil	52
Validity, tightness, and forecasting power of risk premium bounds	52
Closing auctions: Nasdaq versus NYSE	51
Expansionary yet different: Credit supply and real effects of negative interest rate policy	51
Consumer-lending discrimination in the FinTech Era	50
Strategic arbitrage in segmented markets	50
Expected idiosyncratic volatility	50
Salience theory and the cross-section of stock returns: International and further evidence	49
Venture capital contracts	49
Market power in wholesale funding: A structural perspective from the triparty repo market	48
In-sample and out-of-sample Sharpe ratios of multi-factor asset pricing models	48
Let the rich be flooded: The distribution of financial aid and distress after hurricane harvey	47
Dissecting green returns	46
Efficient estimation of bid–ask spreads from open, high, low, and close prices	46
Editorial Board	46
Missing values handling for machine learning portfolios	46
Treasury option returns and models with unspanned risks	45
Editorial Board	45
What do outside CEOs really do? Evidence from plant-level data	45
A quantitative analysis of bank lending relationships	45
Financial constraints and the racial housing gap	44
Empirical evaluation of overspecified asset pricing models	44
The cross-section of investment and profitability: Implications for asset pricing	44
Taking sides on return predictability	43
The consequences of student loan credit expansions: Evidence from three decades of default cycles	43
Impact of marketplace lending on consumers’ future borrowing capacities and borrowing outcomes	42
Common shocks in stocks and bonds	42
Value creation in shareholder activism	41
Lifting the veil: The price formation of corporate bond offerings	40
Overvaluing simple bets: Evidence from the options market	40
Realized semibetas: Disentangling “good” and “bad” downside risks	40
Too Levered for Pigou: Carbon pricing, financial constraints, and leverage regulation	40
Persistent and transitory components of firm characteristics: Implications for asset pricing	40
What moves treasury yields?	40
In sickness and in debt: The COVID-19 impact on sovereign credit risk	39
Foreign investment of US multinationals: The effect of tax policy and agency conflicts.	39
LTCM Redux? Hedge fund Treasury trading, funding fragility, and risk constraints	39
Social interactions and households’ flood insurance decisions	38
Causal effects of closing businesses in a pandemic	38

Fed information effects: Evidence from the equity term structure	38
Editorial Board	38
Editorial Board	38
Strategic digitization in currency and payment competition	38
Can the changes in fundamentals explain the attenuation of anomalies?	38
Global Business Networks	37
Do the right firms survive bankruptcy?	37
How monetary policy shaped the housing boom	37
The economics of “Buy Now, Pay Later”: A merchant’s perspective	37
Editorial Board	37
Editorial Board	36
Price ceilings, market structure, and payout policies	36
The retail execution quality landscape	36
The moral preferences of investors: Experimental evidence	36
The rise of dual-class stock IPOs	36
Geographic clustering of institutional investors	36
The benchmark inclusion subsidy	36
Measurement and effects of bank exit policies	36
Risk perceptions and politics: Evidence from the COVID-19 pandemic	35
Editorial Board	35
The cross-border effects of bank capital regulation	35
Silence is safest: Information disclosure when the audience’s preferences are uncertain	35
Investor learning about monetary-policy transmission and the stock market	35
Do intermediaries improve GSE lending? Evidence from proprietary GSE data	34
The effects of policy interventions to limit illegal money lending	34
Importance of transaction costs for asset allocation in foreign exchange markets	34
ESG: A panacea for market power?	34
Volatility and informativeness	33
Robo advisors and access to wealth management	33
Editorial Board	33
Strategic insider trading and its consequences for outsiders: Evidence from the eighteenth century	33
Time-varying risk of nominal bonds: How important are macroeconomic shocks?	33
Debt dynamics with fixed issuance costs	33
Editor’s note	33
Premium for heightened uncertainty: Explaining pre-announcement market returns	33
Redeploying dirty assets: The impact of environmental	32
On index investing	32
The Big Three and corporate carbon emissions around the world	32
A credit-based theory of the currency risk premium	32
Asset pricing with return extrapolation	32
Tiny trades, big questions: Fractional shares	31
Short selling efficiency	31
Editorial Board	31
Listening in on investors’ thoughts and conversations	31
Music sentiment and stock returns around the world	31
Credit supply and house prices: Evidence from mortgage market segmentation	30
The dynamics of concealment	30
Sorting out the effect of credit supply	30
Index providers: Whales behind the scenes of ETFs	30
Do bank CEOs learn from banking crises?	30
Revenue collapses and the consumption of small business owners in the COVID-19 pandemic	30
When large traders create noise	30
Overallocation and secondary market outcomes in corporate bond offerings	29
Investment, capital stock, and replacement cost of assets when economic depreciation is non-geometric	29
Network effects in corporate financial policies	29
Corporate green bonds	28
It’s what you say and what you buy: A holistic evaluation of the corporate credit facilities	28
The impact of bank financing on municipalities’ bond issuance and the real economy	28
Industry asset revaluations around public and private acquisitions	28
Crowdsourcing peer information to change spending behavior	27
The SOFR discount	27
Failing to forecast rare events	27
The effect of female leadership on contracting from Capitol Hill to Main Street	27
The global factor structure of exchange rates	27
The use of asset growth in empirical asset pricing models	26
Editorial Board	26
Information-based pricing in specialized lending	26
The Wall Street stampede: Exit as governance with interacting blockholders	26
Financial constraints, cash flow timing patterns, and asset prices	25
Disclosing and cooling-off: An analysis of insider trading rules	25
Financial inclusion, economic development, and inequality: Evidence from Brazil	25
Monetary tightening and U.S. bank fragility in 2023: Mark-to-market losses and uninsured depositor runs?	25
Four facts about ESG beliefs and investor portfolios	25
Editorial Board	24
Optimal financing with tokens	24
Does paycheck frequency matter? Evidence from micro data	24
Diversification driven demand for large stock	24
Token-based platform governance	23
Editorial Board	23
Are cryptos different? Evidence from retail trading	23
Active trading and (poor) performance: The social transmission channel	23
Pricing of index options in incomplete markets	22
Gradual information diffusion across commonly owned firms	22
Real-time price discovery via verbal communication: Method and application to Fedspeak	22
Collateral value uncertainty and mortgage credit provision	22
Searching for the equity premium	21
Risk-adjusted capital allocation and misallocation	21
Editorial Board	21
Small and vulnerable: SME productivity in the great productivity slowdown	21
Editorial Board	21
The proxy advisory industry: Influencing and being influenced	21
Information technology and lender competition	21
Collateral quality and intervention traps	20
Editorial Board	20
The retail habitat	20