Journal of Financial Economics

Article	Citations
Editorial Board	2036
Editorial Board	1850
Editorial Board	1352
Editorial Board	1334
Arbitrage-based recovery	1245
Financial factors and the propagation of the Great Depression	904
Finance and the supply of housing quality	732
Expected return, volume, and mispricing	712
Bank heterogeneity and financial stability	635
Momentum turning points	442
What matters in a characteristic?	437
CEO compensation: Evidence from the field	424
The role of financial conditions in portfolio choices: The case of insurers	395
Set it and forget it? Financing retirement in an age of defaults	370
Risk-free interest rates	364
Monetary policy expectation errors	295
Uncertainty, access to debt, and firm precautionary behavior	279
Editorial Board	267
Institutional investors, heterogeneous benchmarks and the comovement of asset prices	234
The invention of corporate governance	186
Conditional risk	158
Racial disparities in the Paycheck Protection Program	157
Loan spreads and credit cycles: The role of lenders’ personal economic experiences	156
Direct lenders in the U.S. middle market	156
Why are corporate payouts so high in the 2000s?	153

And the children shall lead: Gender diversity and performance in venture capital	148
Sovereign risk premia and global macroeconomic conditions	146
Machine-learning the skill of mutual fund managers	142
Betting against betting against beta	133
Voting and trading: The shareholder’s dilemma	133
Persistent negative cash flows, staged financing, and the stockpiling of cash balances	132
News as sources of jumps in stock returns: Evidence from 21 million news articles for 9000 companies	130
Bitcoin’s limited adoption problem	127
Asset life, leverage, and debt maturity matching	126
The return of return dominance: Decomposing the cross-section of prices	123
Entangled risks in incomplete FX markets	122
Editorial Board	113
Gig labor: Trading safety nets for steering wheels	109
Have risk premia vanished?	107
The risk and return of impact investing funds	105
Bank liquidity provision across the firm size distribution	104
Aspirational utility and investment behavior	103
Financing breakthroughs under failure risk	102
Democracy and the pricing of initial public offerings around the world	102
Insurance and portfolio decisions: Two sides of the same coin?	102
M&A rumors about unlisted firms	97
Global factor premiums	96
Market efficiency in the age of big data	96
Equity tail risk and currency risk premiums	94
Corporate culture: Evidence from the field	93
Do investors care about carbon risk?	93
Independent regulators and financial stability evidence from gubernatorial election campaigns in the Progressive Era	92
Life after LIBOR	89
Informed trading in government bond markets	88
Is there a risk-return tradeoff in the corporate bond market? Time-series and cross-sectional evidence	88
Heterogeneous liquidity providers and night-minus-day return predictability	86
Price transparency in OTC equity lending markets: Evidence from a loan fee benchmark	85
Employee output response to stock market wealth shocks	83
Core earnings: New data and evidence	83
Evergreening	82
The value of intermediation in the stock market	82
Peer selection and valuation in mergers and acquisitions	81
Shale shocked: Cash windfalls and household debt repayment	81
Is there a home field advantage in global markets?	81
Priced risk in corporate bonds	80
Discrimination in the payments chain	80
Financial education affects financial knowledge and downstream behaviors	79
Micro uncertainty and asset prices	76
Network risk and key players: A structural analysis of interbank liquidity	75
Self-Declared benchmarks and fund manager intent: “Cheating” or competing?	75
High policy uncertainty and low implied market volatility: An academic puzzle?	74
Does customer-base structure influence managerial risk-taking incentives?	73
Editorial Board	73
Editorial Board	72
Editorial Board	72

Asymmetric information, disagreement, and the valuation of debt and equity	72
Editorial Board	71
The death of a regulator: Strict supervision, bank lending, and business activity	71
Intermediary financing without commitment	71
Intermediary balance sheets and the treasury yield curve	70
Gravity, counterparties, and foreign investment	70
Liquidity, pledgeability, and the nature of lending	69
Financing the litigation arms race	69
Reaching for yield: Evidence from households	69
Who creates new firms when local opportunities arise?	69
Skill versus reliability in venture capital	69
What are the events that shake our world? Measuring and hedging global COVOL	68
Machine learning and fund characteristics help to select mutual funds with positive alpha	68
The short- and long-run effects of remote work on U.S. housing markets	68
Flattening the curve: Pandemic-Induced revaluation of urban real estate	68
Peak-Bust rental spreads	67
Count (and count-like) data in finance	67
Editorial Board	66
Refinancing cross-subsidies in the mortgage market	66
Understanding the strength of the dollar	65
The fundamental-to-market ratio and the value premium decline	65
Fintech entry, lending market competition, and welfare	65
Dynastic control without ownership: Evidence from post-war Japan	64
Keeping options open: What motivates entrepreneurs?	64
Endogenous inattention and risk-specific price underreaction in corporate bonds	63
Warp speed price moves: Jumps after earnings announcements	63
Dynamic asset (mis)pricing: Build-up versus resolution anomalies	60
The negativity bias and perceived return distributions: Evidence from a pandemic	60
Patent quality, firm value, and investor underreaction: Evidence from patent examiner busyness	59
Borrow now, pay even later: A quantitative analysis of student debt payment plans	59
Sustainable investing with ESG rating uncertainty	59
Editorial Board	58
Signals and stigmas from banking interventions: Lessons from the Bank Holiday of 1933	58
Honoring Michael C. Jensen	58
Market power in wholesale funding: A structural perspective from the triparty repo market	57
International trade and the risk in bilateral exchange rates	57
Competition, Product differentiation and Crises: Evidence from 18 million securitized loans	57
Closing auctions: Nasdaq versus NYSE	57
Strategic arbitrage in segmented markets	57
Rules versus discretion in capital regulation	57
Asset holders’ consumption risk and tests of conditional CCAPM	56
Expected idiosyncratic volatility	56
Revealing corruption: Firm and worker level evidence from Brazil	55
The cost of steering in financial markets: Evidence from the mortgage market	55
In-sample and out-of-sample Sharpe ratios of multi-factor asset pricing models	54
Salience theory and the cross-section of stock returns: International and further evidence	54
Consumer-lending discrimination in the FinTech Era	53
Venture capital contracts	53
Dissecting green returns	52
Fire-sale risk in the leveraged loan market	52
Let the rich be flooded: The distribution of financial aid and distress after hurricane harvey	52
Expansionary yet different: Credit supply and real effects of negative interest rate policy	52
Validity, tightness, and forecasting power of risk premium bounds	52
Editorial Board	51
Erratum to “Heterogeneous intermediary asset pricing” [Journal of Financial Economics 141/2 (2021) 505-532]	50
Editorial Board	50
The consequences of student loan credit expansions: Evidence from three decades of default cycles	50
Common shocks in stocks and bonds	49
A quantitative analysis of bank lending relationships	49
Persistent and transitory components of firm characteristics: Implications for asset pricing	49
Empirical evaluation of overspecified asset pricing models	49
Lifting the veil: The price formation of corporate bond offerings	49
Long-term discount rates do not vary across firms	48
The cross-section of investment and profitability: Implications for asset pricing	48
Anatomy of a liquidity crisis: Corporate bonds in the COVID-19 crisis	48
Treasury option returns and models with unspanned risks	48
Efficient estimation of bid–ask spreads from open, high, low, and close prices	48
Capital supply and corporate bond issuances: Evidence from mutual fund flows	46
Value creation in shareholder activism	45
Realized semibetas: Disentangling “good” and “bad” downside risks	45
Impact of marketplace lending on consumers’ future borrowing capacities and borrowing outcomes	45
The local innovation spillovers of listed firms	44
Missing values handling for machine learning portfolios	44
Causal effects of closing businesses in a pandemic	44
What do outside CEOs really do? Evidence from plant-level data	44
Editorial Board	44
Foreign investment of US multinationals: The effect of tax policy and agency conflicts.	43
Editorial Board	42
Fed information effects: Evidence from the equity term structure	42
What moves treasury yields?	42

LTCM Redux? Hedge fund Treasury trading, funding fragility, and risk constraints	42
Global Business Networks	42
Strategic digitization in currency and payment competition	42
Can the changes in fundamentals explain the attenuation of anomalies?	42
In sickness and in debt: The COVID-19 impact on sovereign credit risk	41
Social interactions and households’ flood insurance decisions	41
Do the right firms survive bankruptcy?	41
Macro risks and the term structure of interest rates	41
Lucky factors	41
Price ceilings, market structure, and payout policies	40
Risk perceptions and politics: Evidence from the COVID-19 pandemic	40
The rise of dual-class stock IPOs	40
How monetary policy shaped the housing boom	40
Editorial Board	40
The retail execution quality landscape	39
Editorial Board	39
Network structure and pricing in the FX market	39
The benchmark inclusion subsidy	38
Geographic clustering of institutional investors	38
Silence is safest: Information disclosure when the audience’s preferences are uncertain	37
Editorial Board	37
The moral preferences of investors: Experimental evidence	37
The cross-border effects of bank capital regulation	36
Editor’s note	36
The effects of policy interventions to limit illegal money lending	36
Editorial Board	36
Time-varying risk of nominal bonds: How important are macroeconomic shocks?	35
Asset pricing with return extrapolation	35
Volatility and informativeness	35
Debt dynamics with fixed issuance costs	35
The short duration premium	35
Robo advisors and access to wealth management	35
Do intermediaries improve GSE lending? Evidence from proprietary GSE data	35
Strategic insider trading and its consequences for outsiders: Evidence from the eighteenth century	35
Hedging macroeconomic and financial uncertainty and volatility	34
The telegraph and modern banking development, 1881–1936	34
Importance of transaction costs for asset allocation in foreign exchange markets	34
The Big Three and corporate carbon emissions around the world	34
On index investing	34
Subnational debt of China: The politics-finance nexus	34
The role of high-skilled foreign labor in startup performance: Evidence from two natural experiments	34
ESG: A panacea for market power?	34
Editorial Board	33
The impact of bank financing on municipalities’ bond issuance and the real economy	33
Premium for heightened uncertainty: Explaining pre-announcement market returns	33
The dynamics of concealment	33
Do bank CEOs learn from banking crises?	33
Investment, capital stock, and replacement cost of assets when economic depreciation is non-geometric	33
Bank capital, government bond holdings, and sovereign debt capacity	32
Credit supply and house prices: Evidence from mortgage market segmentation	32
Revenue collapses and the consumption of small business owners in the COVID-19 pandemic	32
Redeploying dirty assets: The impact of environmental	32
Index providers: Whales behind the scenes of ETFs	32
Sorting out the effect of credit supply	32
When large traders create noise	31
It’s what you say and what you buy: A holistic evaluation of the corporate credit facilities	31
Network effects in corporate financial policies	31
Music sentiment and stock returns around the world	31
Industry asset revaluations around public and private acquisitions	31
A credit-based theory of the currency risk premium	31
Corporate green bonds	31
Tiny trades, big questions: Fractional shares	31
Short selling efficiency	31
Overallocation and secondary market outcomes in corporate bond offerings	31
The impact of arbitrage on market liquidity	30
The Wall Street stampede: Exit as governance with interacting blockholders	30
Listening in on investors’ thoughts and conversations	30
Disclosing and cooling-off: An analysis of insider trading rules	30
The SOFR discount	30
Editorial Board	30
Failing to forecast rare events	30
Financial constraints, cash flow timing patterns, and asset prices	30
Crowdsourcing peer information to change spending behavior	29
The use of asset growth in empirical asset pricing models	29
The effect of female leadership on contracting from Capitol Hill to Main Street	29
Monetary tightening and U.S. bank fragility in 2023: Mark-to-market losses and uninsured depositor runs?	28
The global factor structure of exchange rates	28
Optimal financing with tokens	28
Four facts about ESG beliefs and investor portfolios	28
The rate of communication	28
Financial inclusion, economic development, and inequality: Evidence from Brazil	28
Token-based platform governance	27
The proxy advisory industry: Influencing and being influenced	27
Editorial Board	27
Collateral value uncertainty and mortgage credit provision	27
Editorial Board	27
Risk-adjusted capital allocation and misallocation	26
Pricing of index options in incomplete markets	26
Information technology and lender competition	26
Active trading and (poor) performance: The social transmission channel	26
Are cryptos different? Evidence from retail trading	26
Real-time price discovery via verbal communication: Method and application to Fedspeak	26
Small and vulnerable: SME productivity in the great productivity slowdown	26
Gradual information diffusion across commonly owned firms	26
Does paycheck frequency matter? Evidence from micro data	25