Journal of Empirical Finance

Article	Citations
The effect of venture capital backing on innovation in newly public firms	41
Uncovered interest rate parity redux: Non-uniform effects	41
Bear factor and hedge fund performance	38
Characteristic-sorted portfolios and macroeconomic risks—An orthogonal decomposition	38
Estimation and inference in low frequency factor model regressions with overlapping observations	37
The stock return predictability of treasury bond yield in China	37
On the profitability of influential carry-trade strategies: Data-snooping bias and post-publication performance	36
House price bubbles under the COVID-19 pandemic	35
Using, taming or avoiding the factor zoo? A double-shrinkage estimator for covariance matrices	34
Mispricing and Anomalies: An Exogenous Shock to Short Selling from JGTRRA	34
Public data openness and trade credit: Evidence from China	33
Persistent and transient variance components in option pricing models with variance-dependent Kernel	31
Dynamic relationship between Stock and Bond returns: A GAS MIDAS copula approach	28
Are cryptocurrencies a safe haven for stock investors? A regime-switching approach	25
A revisit to bias-adjusted predictive regression	20
High frequency online inflation and term structure of interest rates: Evidence from China	19
The stock market tips	19
Stock price movements: Evidence from global equity markets	18
Changes in the electorate and firm values: Evidence from the introduction of female suffrage in Switzerland	18
Customer–supplier relationships and non-linear financial policy response	18
Climate change risk and green bond pricing	17
Editorial Board	17
Identifying the underlying components of high-frequency data: Pure vs jump diffusion processes	16
Partial moments and indexation investment strategies	14
Smart beta, “smarter” flows	14

Regulatory fragmentation and corporate innovation	14
The correlated trading and investment performance of individual investors	14
Is machine learning a necessity? A regression-based approach for stock return prediction	14
Tone or term: Machine-learning text analysis, featured vocabulary extraction, and evidence from bond pricing in China	14
Decision-based trades: An analysis of institutional investors’ information advantages	14
Modeling and forecasting dynamic conditional correlations with opening, high, low, and closing prices	14
Equity issues, creditor control and market timing patterns: Evidence from leverage decreasing recapitalizations	13
Firm-level political risk and corporate R&D investment	13
The impact of liquidity risk in the Chinese banking system on the global commodity markets	13
Portfolio homogeneity and systemic risk of financial networks	13
Is idiosyncratic risk priced? The international evidence	13
The commodity risk premium and neural networks	13
The anatomy of a fee change — evidence from cryptocurrency markets	13
A robust latent factor model for high-dimensional portfolio selection	13
Easy money and competitive industries’ booms and busts	12
Is gold a hedge or a safe haven against stock markets? Evidence from conditional comoments	12
Estimation with mixed data frequencies: A bias-correction approach	12
Are stablecoins the money market mutual funds of the future?	12
Depositor responses to a banking crisis: Are finance professionals special?	11
Technological shocks and stock market volatility over a century	11
Margin-buying, short-selling, and stock valuation: Why is the effect reversed over time in China?	11
Do fees matter? Investor’s sensitivity to active management fees	11
International comovement of r	11
Ownership structure and the cost of debt: Evidence from the Chinese corporate bond market	10
Improving information leadership share for measuring price discovery	10
Does a sudden breakdown in public information search impair analyst forecast accuracy? Evidence from China	10
The AH premium: A tale of “siamese twin” stocks	10
Managerial ability and financial statement disaggregation decisions	10
Why does the Cochrane–Piazzesi model predict treasury returns?	10
Forecasting financial volatility: An approach based on Parkinson volatility measure with long memory stochastic range model	10
Short-term institutional investors and the diffusion of supply chain information	10
Bitcoin unchained: Determinants of cryptocurrency exchange liquidity	10
Social connectedness and cross-border mergers and acquisitions	10
The influence of long-term managerial orientation on pay inequality	9
Insider trading and anomalies	9
Why Do U.S. Firms Invest Less over Time?	9
Unlocking predictive potential: The frequency-domain approach to equity premium forecasting	9
Do firms use credit lines to support investment opportunities?: Evidence from success in R&D	9
Peer influence and the value of cash holdings	9
What drives the TIPS–Treasury bond mispricing?	9
Information in unexpected bonus cuts: Firm performance and CEO firings	9
Editorial Board	9
Acute illness symptoms among investment professionals and stock market dynamics: Evidence from New York City	8
CEO personality traits and corporate value implication of acquisitions	8
Multiple testing of the forward rate unbiasedness hypothesis across currencies	8
Unveiling the villain: Credit supply and the debt trap	8
Managerial commitment and heterogeneity in target-date funds	8
Certainty of uncertainty for asset pricing	8
Betting on success: Unveiling the role of local gambling culture in equity crowdfunding	8
Technology spillover, corporate investment, and stock returns	8

Mutual fund performance and flow-performance relationship under ambiguity	8
Editorial Board	8
The aftermath of covenant violations: Evidence from China's corporate debt securities	7
Small is beautiful? How the introduction of mini futures contracts affects the regular contracts	7
An adaptive long memory conditional correlation model	7
Option gamma and stock returns	7
Household debt overhang and bankruptcy abuse prevention	7
Reserve holding and bank lending	7
Effects of customer unionization on supplier relationships and supplier value	7
It is not just What you say, but How you say it: Why tonality matters in central bank communication	7
Financial statement disaggregation and bank loan pricing	7
The value of risk-taking in mergers: Role of ownership and country legal institutions	7
Stock return prediction: Stacking a variety of models	7
Market neutrality and beta crashes	7
Editorial Board	7
Director optimism and CEO equity compensation	7
Coskewness and reversal of momentum returns: The US and international evidence	7
Tail risks and private equity performance	7
Skilled active liquidity management: Evidence from shocks to fund flows	6
Organization capital and analyst coverage	6
Behavioral biases, information frictions and interest rate expectations	6
Forecasting realized betas using predictors indicating structural breaks and asymmetric risk effects	6
Strategic implications of corporate disclosure via Twitter	6
How price limit affects the market efficiency in a short-sale constrained market? Evidence from a quasi-natural experiment	6
Bank dividends, interest expenses, and leverage	6
CEO neuroticism and corporate cash holdings: Evidence from CEOs’ tweets	6
The battle between activist hedge funds and labor unions	6
Mispricing chasing and hedge fund returns	6
Local predictability of stock returns and cash flows	6
Stock return predictability and cyclical movements in valuation ratios	6
Equity markets volatility clustering: A multiscale analysis of intraday and overnight returns	5
Can we forecast better in periods of low uncertainty? The role of technical indicators	5
Implied local volatility models	5
The economic value of equity implied volatility forecasting with machine learning	5
The effects of economic uncertainty on financial volatility: A comprehensive investigation	5
The role of bad-news coverage and media environments in crash risk around the world	5
Forecasting realized volatility: Does anything beat linear models?	5
Dynamic risk management and asset comovement	5
Option valuation via nonaffine dynamics with realized volatility	5
Can existing corporate finance theories explain security offerings during the COVID-19 pandemic?	4
The effects of banking market structure on corporate cash holdings and the value of cash	4
Industry regulation and the comovement of stock returns	4
How does bank opacity affect credit growth and return predictability?	4
Big portfolio selection by graph-based conditional moments method	4
Empirical analysis of crude oil dynamics using affine vs. non-affine jump-diffusion models	4
Forecasting intraday market risk: A marked self-exciting point process with exogenous renewals	4
Why do firms with no leverage still have leverage and volatility feedback effects?	4
Income, trading, and performance: Evidence from retail investors	4
(In)Attention: distracted shareholders and corporate innovation	4
Credit distortions in Japanese momentum	4
Policy risk and insider trading	4
Macroeconomic news and price synchronicity	4
Editorial Board	4
Media, inventors, and corporate innovation	4
An empirical application of Particle Markov Chain Monte Carlo to frailty correlated default models	4
Time series momentum and reversal: Intraday information from realized semivariance	4
Limit order revisions across investor sophistication	4
The risk–return tradeoff among equity factors	4
Automated stock picking using random forests	3
Co-illiquidity management	3
Horizontal mergers and heterogeneous firm investments: evidence from the United States	3
The contributions of betas versus characteristics to the ESG premium	3
A jumping index of jumping stocks? An MCMC analysis of continuous-time models for individual stocks	3
Cross-market volatility forecasting with attention-based spatial–temporal graph convolutional networks	3
The contribution of jump signs and activity to forecasting stock price volatility	3
When “time varying” volatility meets “transaction cost” in portfolio selection	3
US cross-listing and domestic high-frequency trading: Evidence from Canadian stocks	3
Editorial Board	3
Monitoring institutional ownership and corporate innovation	3
Testing predictability of stock returns under possible bubbles	3
Momentum is still there conditional on volatility-amplified pessimism	3
Capital mobility and the long-run return–risk trade-offs of industry portfolios	3
Development banks and the syndicate structure: Evidence from a world sample	3
Allocation of attention and the delayed reaction of stock returns to liquidity shock: Global evidence	3
Geographical proximity, cultural familiarity and financial information production	3
Disagreement, speculation, and the idiosyncratic volatility	3
US risk premia under emerging markets constraints	3
Tick size and firm financing decisions: Evidence from a natural experiment	3
The informativeness of regional GDP announcements: Evidence from China	3
Enhancing betting against beta with stochastic dominance	3

The rise of venture capital and IPO quality	3
Herding behavior and systemic risk in global stock markets	3
Default-probability-implied credit ratings for Chinese firms	3
What drives robo-advice?	3
A financial modeling approach to industry exchange-traded funds selection	3
Income inequality, inflation and financial development	3
Expected returns and risk in the stock market	3
Combining the MGHyp distribution with nonlinear shrinkage in modeling financial asset returns	3
Global political risk and international stock returns	3
Running a mutual fund: Performance and trading behavior of runner managers	2
Jump tail risk exposure and the cross-section of stock returns	2
Religiosity and sovereign credit quality	2
Economic aggregation of return signals in global markets	2
Do share repurchases facilitate movement toward target capital structure? International evidence	2
Natural disasters and the role of regional lenders in economic recovery	2
Financial risk-taking, religiosity and denomination heterogeneity	2
Factor correlation and the cross section of asset returns: A correlation-robust machine learning approach	2
Detecting jumps amidst prevalent zero returns: Evidence from the U.S. Treasury securities	2
The PhD origins of finance faculty	2
Do investors reach for yield? Evidence from corporate bond mutual fund flows	2
Corporate social responsibility and excess perks	2
The money-inflation nexus revisited	2
Forecasting realized volatility with wavelet decomposition	2
Product competition, political connections, and the costs of high leverage	2
Cross-border M&As and credit risk: Evidence from the CDS market	2
Carbon dioxide and asset pricing: Evidence from international stock markets	2
The 2008 short-selling ban’s impact on tail risk	2
Maximum likelihood estimation of the Hull–White model	2
Managerial job security and firm diversification	2
Conditional out-of-sample predictability of aggregate equity returns and aggregate equity return volatility using economic variables	2