Journal of Financial Economics

Article	Citations
Editorial Board	2502
Arbitrage-based recovery	915
Financial factors and the propagation of the Great Depression	883
Editorial Board	807
Editorial Board	597
Set it and forget it? Financing retirement in an age of defaults	489
What matters in a characteristic?	451
Momentum turning points	359
Expected return, volume, and mispricing	333
Equity duration and predictability	321
Monetary policy expectation errors	220
CEO compensation: Evidence from the field	192
Bank heterogeneity and financial stability	188
Risk-free interest rates	181
Stakes and investor behaviors	180
Sovereign risk premia and global macroeconomic conditions	178
Betting against betting against beta	173
Implicit extrapolation and the beliefs channel of investment demand	169
Loan spreads and credit cycles: The role of lenders’ personal economic experiences	157
Racial disparities in the Paycheck Protection Program	156
Institutional investors, heterogeneous benchmarks and the comovement of asset prices	156
Conditional risk	154
The invention of corporate governance	150
Bitcoin’s limited adoption problem	146
News as sources of jumps in stock returns: Evidence from 21 million news articles for 9000 companies	144

Voting and trading: The shareholder’s dilemma	137
Direct lenders in the U.S. middle market	132
Machine-learning the skill of mutual fund managers	123
Price regulation in two-sided markets: Empirical evidence from debit cards	122
Asset life, leverage, and debt maturity matching	118
Equity tail risk and currency risk premiums	110
Finance without exotic risk	109
Have risk premia vanished?	108
Democracy and the pricing of initial public offerings around the world	107
The risk and return of impact investing funds	107
The return of return dominance: Decomposing the cross-section of prices	104
Insurance and portfolio decisions: Two sides of the same coin?	104
Aspirational utility and investment behavior	104
Defunding controversial industries: Can targeted credit rationing choke firms?	99
Gig labor: Trading safety nets for steering wheels	98
Financing breakthroughs under failure risk	98
Corporate culture: Evidence from the field	97
Bank liquidity provision across the firm size distribution	96
Market efficiency in the age of big data	95
Independent regulators and financial stability evidence from gubernatorial election campaigns in the Progressive Era	94
Pricing and constructing international government bond portfolios	93
Self-Declared benchmarks and fund manager intent: “Cheating” or competing?	92
Price transparency in OTC equity lending markets: Evidence from a loan fee benchmark	91
Micro uncertainty and asset prices	91
Is there a home field advantage in global markets?	91
Employee output response to stock market wealth shocks	91
Peer selection and valuation in mergers and acquisitions	89
Discrimination in the payments chain	88
Evergreening	87
Shale shocked: Cash windfalls and household debt repayment	87
Priced risk in corporate bonds	87
Heterogeneous liquidity providers and night-minus-day return predictability	85
High policy uncertainty and low implied market volatility: An academic puzzle?	84
The value of intermediation in the stock market	84
Financial education affects financial knowledge and downstream behaviors	83
Liquidity, pledgeability, and the nature of lending	82
Does customer-base structure influence managerial risk-taking incentives?	82
Intermediary balance sheets and the treasury yield curve	80
Reaching for yield: Evidence from households	80
Macroeconomic drivers and the pricing of uncertainty, inflation, and bonds	79
Editorial Board	77
Editorial Board	76
Editorial Board	76
Editorial Board	76
Regulatory leakage among financial advisors: Evidence from FINRA regulation of “bad” brokers	75
Skill versus reliability in venture capital	74
Asymmetric information, disagreement, and the valuation of debt and equity	74
The short- and long-run effects of remote work on U.S. housing markets	72
Flattening the curve: Pandemic-Induced revaluation of urban real estate	72
Gravity, counterparties, and foreign investment	72

Financing the litigation arms race	72
Who creates new firms when local opportunities arise?	71
Intermediary financing without commitment	70
The death of a regulator: Strict supervision, bank lending, and business activity	70
What are the events that shake our world? Measuring and hedging global COVOL	66
Machine learning and fund characteristics help to select mutual funds with positive alpha	65
Count (and count-like) data in finance	65
The fundamental-to-market ratio and the value premium decline	64
Editorial Board	64
The negativity bias and perceived return distributions: Evidence from a pandemic	64
Peak-Bust rental spreads	63
Editorial Board	62
Understanding the strength of the dollar	62
Warp speed price moves: Jumps after earnings announcements	61
Endogenous inattention and risk-specific price underreaction in corporate bonds	61
ESG lending	61
Keeping options open: What motivates entrepreneurs?	60
Fintech entry, lending market competition, and welfare	60
Refinancing cross-subsidies in the mortgage market	58
Sustainable investing with ESG rating uncertainty	58
Dynamic asset (mis)pricing: Build-up versus resolution anomalies	58
Patent quality, firm value, and investor underreaction: Evidence from patent examiner busyness	57
Editorial Board	56
Strategic arbitrage in segmented markets	55
Asset holders’ consumption risk and tests of conditional CCAPM	54
Closing auctions: Nasdaq versus NYSE	53
In-sample and out-of-sample Sharpe ratios of multi-factor asset pricing models	53
Validity, tightness, and forecasting power of risk premium bounds	52
Revealing corruption: Firm and worker level evidence from Brazil	52
Expected idiosyncratic volatility	52
Venture capital contracts	51
Rules versus discretion in capital regulation	51
Borrow now, pay even later: A quantitative analysis of student debt payment plans	49
Honoring Michael C. Jensen	49
International trade and the risk in bilateral exchange rates	48
Expansionary yet different: Credit supply and real effects of negative interest rate policy	48
Signals and stigmas from banking interventions: Lessons from the Bank Holiday of 1933	47
Competition, Product differentiation and Crises: Evidence from 18 million securitized loans	47
Fire-sale risk in the leveraged loan market	47
The cost of steering in financial markets: Evidence from the mortgage market	47
Inflation and Trading	47
Dissecting green returns	45
Consumer-lending discrimination in the FinTech Era	45
Salience theory and the cross-section of stock returns: International and further evidence	45
Let the rich be flooded: The distribution of financial aid and distress after hurricane harvey	45
Market power in wholesale funding: A structural perspective from the triparty repo market	45
Editorial Board	43
A quantitative analysis of bank lending relationships	43
The consequences of student loan credit expansions: Evidence from three decades of default cycles	43
How valuable is corporate adaptation to crisis? Estimates from Covid-19 work-from-home announcements	43
Empirical evaluation of overspecified asset pricing models	43
Editorial Board	42
Treasury option returns and models with unspanned risks	42
Value creation in shareholder activism	42
The cross-section of investment and profitability: Implications for asset pricing	42
Persistent and transitory components of firm characteristics: Implications for asset pricing	41
Realized semibetas: Disentangling “good” and “bad” downside risks	41
Efficient estimation of bid–ask spreads from open, high, low, and close prices	40
Financial constraints and the racial housing gap	40
Missing values handling for machine learning portfolios	40
What do outside CEOs really do? Evidence from plant-level data	40
Taking sides on return predictability	40
Overvaluing simple bets: Evidence from the options market	39
LTCM Redux? Hedge fund Treasury trading, funding fragility, and risk constraints	39
Social interactions and households’ flood insurance decisions	39
Global Business Networks	38
Foreign investment of US multinationals: The effect of tax policy and agency conflicts.	38
Do the right firms survive bankruptcy?	38
Too Levered for Pigou: Carbon pricing, financial constraints, and leverage regulation	38
The economics of “Buy Now, Pay Later”: A merchant’s perspective	37
Can the changes in fundamentals explain the attenuation of anomalies?	37
In sickness and in debt: The COVID-19 impact on sovereign credit risk	37
What moves treasury yields?	37
Editorial Board	37
Fed information effects: Evidence from the equity term structure	36
How monetary policy shaped the housing boom	36
Strategic digitization in currency and payment competition	35
Causal effects of closing businesses in a pandemic	35
Editorial Board	35
Price ceilings, market structure, and payout policies	35

Editorial Board	35
Editorial Board	35
Geographic clustering of institutional investors	34
The rise of dual-class stock IPOs	34
The moral preferences of investors: Experimental evidence	34
Silence is safest: Information disclosure when the audience’s preferences are uncertain	34
The retail execution quality landscape	34
Measurement and effects of bank exit policies	34
Do intermediaries improve GSE lending? Evidence from proprietary GSE data	33
The effects of policy interventions to limit illegal money lending	33
Editor’s note	33
Editorial Board	33
Editorial Board	33
Investor learning about monetary-policy transmission and the stock market	32
Importance of transaction costs for asset allocation in foreign exchange markets	32
Debt dynamics with fixed issuance costs	32
Strategic insider trading and its consequences for outsiders: Evidence from the eighteenth century	32
The cross-border effects of bank capital regulation	32
ESG: A panacea for market power?	31
Robo advisors and access to wealth management	31
Premium for heightened uncertainty: Explaining pre-announcement market returns	31
Time-varying risk of nominal bonds: How important are macroeconomic shocks?	31
On index investing	30
The dynamics of concealment	30
Asset pricing with return extrapolation	30
Volatility and informativeness	30
Sorting out the effect of credit supply	29
Redeploying dirty assets: The impact of environmental	29
Editorial Board	29
Do bank CEOs learn from banking crises?	29
Tiny trades, big questions: Fractional shares	29
Revenue collapses and the consumption of small business owners in the COVID-19 pandemic	28
The impact of bank financing on municipalities’ bond issuance and the real economy	28
Credit supply and house prices: Evidence from mortgage market segmentation	27
When large traders create noise	27
It’s what you say and what you buy: A holistic evaluation of the corporate credit facilities	27
Industry asset revaluations around public and private acquisitions	27
A credit-based theory of the currency risk premium	26
Music sentiment and stock returns around the world	26
Short selling efficiency	26
Index providers: Whales behind the scenes of ETFs	26
Crowdsourcing peer information to change spending behavior	25
Listening in on investors’ thoughts and conversations	25
Overallocation and secondary market outcomes in corporate bond offerings	25
Network effects in corporate financial policies	25
Financial constraints, cash flow timing patterns, and asset prices	24
Editorial Board	24
The SOFR discount	24
The use of asset growth in empirical asset pricing models	24
Monetary tightening and U.S. bank fragility in 2023: Mark-to-market losses and uninsured depositor runs?	24
Information-based pricing in specialized lending	24
Financial inclusion, economic development, and inequality: Evidence from Brazil	23
Disclosing and cooling-off: An analysis of insider trading rules	23
The global factor structure of exchange rates	23
Four facts about ESG beliefs and investor portfolios	23
The effect of female leadership on contracting from Capitol Hill to Main Street	23
The Wall Street stampede: Exit as governance with interacting blockholders	23
Collateral value uncertainty and mortgage credit provision	22
Editorial Board	22
Risk-adjusted capital allocation and misallocation	22
Does paycheck frequency matter? Evidence from micro data	22
Editorial Board	22
Pricing of index options in incomplete markets	22
Active trading and (poor) performance: The social transmission channel	22
Token-based platform governance	21
Information technology and lender competition	21
Small and vulnerable: SME productivity in the great productivity slowdown	21
Diversification driven demand for large stock	21
Searching for the equity premium	20
Are cryptos different? Evidence from retail trading	20
Editorial Board	20
The retail habitat	20
Firm uncertainty and households: Spending, savings, and risks	20
The proxy advisory industry: Influencing and being influenced	20
Corrigendum to “Ripples into waves: Trade networks, economic activity, and asset prices” [Journal of Financial Economics, Volume 145, (July 2022) Pages 217–238/Article Number]	20
Editorial Board	20
Strategic fragmented markets	20
Gradual information diffusion across commonly owned firms	20
Real-time price discovery via verbal communication: Method and application to Fedspeak	20
Editorial Board	20
Can FinTech reduce disparities in access to finance? Evidence from the Paycheck Protection Program	19
Is there a zero lower bound? The effects of negative policy rates on banks and firms	19
Personal finance education mandates and student loan repayment	19
Collateral quality and intervention traps	19
Collateral competition: Evidence from central counterparties	19
Editorial Board	19
Charting by machines	19
Financial market concentration and misallocation	19
Editorial Board	18
The risk and return of equity and credit index options	18
JAQ of all trades: Job mismatch, firm productivity and managerial quality	18
Outlier blindness: A neurobiological foundation for neglect of financial risk	18
Benchmarking benchmarks	18
Yield drifts when issuance comes before macro news	18
Household mobility and mortgage rate lock	18