Journal of Financial Markets

Papers
(The median citation count of Journal of Financial Markets is 2. The table below lists those papers that are above that threshold based on CrossRef citation counts [max. 250 papers]. The publications cover those that have been published in the past four years, i.e., from 2021-11-01 to 2025-11-01.)
ArticleCitations
Can news predict firm bankruptcy?59
Asymmetry and the cross-section of option returns39
Who is buying and (not) lending when shorts are selling?37
Oil information uncertainty and aggregate market returns: A natural experiment based on satellite data26
Do analysts distribute negative opinions earlier?23
Dealer inventory, pricing, and liquidity in the OTC derivatives markets: Evidence from index CDSs23
An ETF-based measure of stock price fragility22
Incentives matter: Domestic funds and price informativeness improvement22
Benchmarking the effects of the Fed's Secondary Market Corporate Credit Facility using Yankee bonds18
Bootstrap-based probabilistic analysis of spillover scenarios in economic and financial networks18
Mood, attention, and household trading: Evidence from terrorist attacks18
Financial leverage and stock return comovement18
Climate risks and state-level stock market realized volatility17
Editorial Board16
Attention: How high-frequency trading improves price efficiency following earnings announcements14
Corporate bond price reversals14
Too many irons in the fire: The impact of limited institutional attention on market microstructure and efficiency14
Jump and volatility risk in the cross-section of corporate bond returns13
Doctors managing mutual funds: Returns to specialization in asset management13
Spillover effects between liquidity risks through endogenous debt maturity13
Net buying pressure and the information in bitcoin option trades13
Who should buy stocks when volatility spikes?12
Editorial Board12
Machine invasion: Automation in information acquisition and the cross-section of stock returns12
Intraday variation in cross-sectional stock comovement and impact of index-based strategies11
Informed trading prior to financial misconduct: Evidence from option markets11
Retail trading and analyst coverage11
Macroeconomics matter: Leading economic indicators and the cross-section of global stock returns10
Investor sentiment, style investing, and momentum10
When does the tick size help or harm market quality? Evidence from the Tick Size Pilot10
Investor sentiment and stock returns: Wisdom of crowds or power of words? Evidence from Seeking Alpha and Wall Street Journal10
Bond risk’s role in the equity risk-return tradeoff9
Friend or foe: On a common shareholder relationship between mutual funds and public companies9
Institutional trading and ESG controversies9
Transparency in fragmented markets: Experimental evidence8
Newspapers tone and the overnight-intraday stock return anomaly8
Surprise in short interest7
The Chinese trading halt puzzle7
Price impact versus bid–ask spreads in the index option market7
Bigger pie, bigger slice: liquidity, value gain, and underpricing in IPOs7
Extreme fund performance and investor divergence in beliefs about manager skill7
Intraday time series momentum: Global evidence and links to market characteristics7
Market quality surrounding anticipated distraction events: Evidence from the FIFA World Cup7
Investor attention and municipal bond returns7
Fundamental characteristics, machine learning, and stock price crash risk6
Firm visibility, liquidity, and valuation for thinly traded assets6
Asset pricing with data revisions6
Estimating market liquidity from daily data: Marrying microstructure models and machine learning6
Spread position as a leading economic indicator6
Inferring trade directions in fast markets6
Editorial Board6
On the efficiency contributions of analyst recommendations to financial markets6
Are mutual fund managers good gamblers?5
Can institutional investors always beat individual investors?5
Mutual fund preference for pure-play firms5
Limited investor attention and biased reactions to information: Evidence from the COVID-19 pandemic5
Market power, ambiguity, and market participation5
Strategic trading by insiders in the presence of institutional investors5
Does stock market rescue affect investment efficiency in the real sector?5
Does air pollution affect seasoned equity offering pricing? Evidence from investor bids5
Convertible bond return predictability with machine learning5
Editorial Board5
Editorial Board4
Climate risks and realized volatility of major commodity currency exchange rates4
Does shareholder litigation affect the corporate information environment?4
Tick size increase and default risk of small-cap U.S. firms: Evidence from a natural experiment4
Search friction, liquidity risk, and bond misallocation4
Can stock trading suspension calm down investors during market crises?4
Abnormal stock returns and shorting around securities class action lawsuits: The role of pre-filing news releases4
Price bands and their effects on equity markets: Evidence from a natural experiment4
Social norms and stock lending4
The equilibrium prices of auction IPO securities: Empirical evidence4
Does better liquidity for large orders attract institutional investors and analysts? Evidence from the Tick Size Pilot Program4
The price effect of temporary short-selling bans: Theory and evidence4
The alphas of beta and idiosyncratic volatility4
Modern OTC market structure and liquidity: The tale of three tiers4
Editorial Board4
Arbitrage in the market for cryptocurrencies4
Realizing correlations across asset classes4
Dealer competition in over-the-counter markets4
Machine+Heuristics: Nonlinear parametric portfolio policies with economic restrictions3
COVID-19 pandemic and the stock market: Liquidity, price efficiency, and trading3
Common short selling and excess comovement: Evidence from a sample of LSE stocks3
The lead–lag relation between VIX futures and SPX futures3
Options market ambiguity and its information content3
Sharing the dividend tax credit pie: The influence of individual investors on ex-dividend day returns3
Unintended consequence of high bid price exclusion in IPO auctions: Evidence from China3
Commodity sentiment in predicting index futures returns3
Bank of Japan’s ETF purchase program and equity risk premium: A CAPM interpretation3
Speed competition and strategic trading3
Contagious margin calls: How COVID-19 threatened global stock market liquidity3
Auction-based tests of inventory control and private information in a centralized interdealer FX market3
Private information disclosure in the secondary loan market and its impact on equity market trading costs3
Firm fundamentals and the cross-section of implied volatility shapes3
Banning dark pools: Venue selection and investor trading costs3
Strategic trading as a response to short sellers3
Tick Size Pilot Program and price discovery in U.S. stock markets3
Stabilizing the financial markets through communication and informed trading3
International corporate bond returns: Uncovering predictability using machine learning3
Informed options strategies before corporate events3
Financial integration in the EU28 equity markets: Measures and drivers3
Editorial Board3
Editorial Board3
Call auction design and closing price manipulation: Evidence from the Hong Kong stock exchange2
Investment styles and the multiple testing of cross-sectional stock return predictability2
Profitability anomaly and aggregate volatility risk2
The market quality implications of speed in cross-platform trading: Evidence from Frankfurt-London microwave networks2
Is the index efficient? A worldwide tour with stochastic dominance2
Editorial Board2
Editorial Board2
Editorial Board2
Sequential entry in illiquid markets2
Short selling and the pricing of PIN information risk2
Editorial Board2
Can risk-neutral skewness and kurtosis subsume the information content of historical jumps?2
Are retail investors less aggressive on small price stocks?2
Queuing and inventories in limit order markets2
Algorithmic trading and market efficiency around the introduction of the NYSE Hybrid Market2
Fast traders make a quick buck: The role of speed in liquidity provision2
Editorial Board2
Back to the futures: When short selling is banned2
The price evolution in financial markets under influence of published opinions2
Financial congestion2
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