Journal of Financial Economics

1974 - 2025

Current editor(s): G. William Schwert

From Elsevier
Bibliographic data for series maintained by Catherine Liu ().

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Volume 172, issue C, 2025

Price regulation in two-sided markets: Empirical evidence from debit cards

Vladimir Mukharlyamov and Natasha Sarin

Why do portfolio choice models predict inelastic demand?

Carter Davis, Mahyar Kargar and Jiacui Li

Too Levered for Pigou: Carbon pricing, financial constraints, and leverage regulation

Robin Döttling and Magdalena Rola-Janicka

Show me the receipts: B2B payment timeliness and expected returns

Paul Lieberman, Atanas Mihov, Andy Naranjo and Mihail Velikov

Diversification driven demand for large stock

Huaizhi Chen

The trade imbalance network and currency returns

Ai Jun Hou, Lucio Sarno and Xiaoxia Ye

The value of financial intermediation: Evidence from online debt crowdfunding

Fabio Braggion, Alberto Manconi, Nicola Pavanini and Haikun Zhu

Equity duration and predictability

Benjamin Golez and Peter Koudijs

The invention of corporate governance

Yueran Ma and Andrei Shleifer

Jensen and Meckling at 50

Patrick Bolton

Agency cost of free cash flow, capital allocation, and payouts

Harry DeAngelo, Kathleen Kahle and Douglas J. Skinner

The lessons of Michael C. Jensen

René M. Stulz

Michael C. Jensen’s empirical work

Eugene F. Fama and Kenneth R. French

Measurement and effects of bank exit policies

Daniel Green and Boris Vallee

Macroeconomic drivers and the pricing of uncertainty, inflation, and bonds

Brandyn Bok, Thomas M. Mertens and John C. Williams

Climbing and falling off the ladder: Asset pricing implications of labor market event risk

Lawrence D.W. Schmidt

Maximal extractable value and allocative inefficiencies in public blockchains

Agostino Capponi, Ruizhe Jia and Kanye Ye Wang

Defunding controversial industries: Can targeted credit rationing choke firms?

Kunal Sachdeva, André F. Silva, Pablo Slutzky and Billy Y. Xu

The marginal value of public pension wealth: Evidence from border house prices

Darren Aiello, Asaf Bernstein, Mahyar Kargar, Ryan Lewis and Michael Schwert

Information-based pricing in specialized lending

Kristian Blickle, Zhiguo He, Jing Huang and Cecilia Parlatore

Mergers and acquisitions, technological change, and inequality

Wenting Ma, Paige Ouimet and Elena Simintzi

Loan guarantees, bank lending and credit risk reallocation

Carlo Altavilla, Andrew Ellul, Marco Pagano, Andrea Polo and Thomas Vlassopoulos

Machine learning from a “Universe” of signals: The role of feature engineering

Bin Li, Alberto G. Rossi, Yan, Xuemin (Sterling) and Lingling Zheng

Social preferences and corporate investment

Thomas Dangl, Michael Halling, Jin Yu and Josef Zechner

Overvaluing simple bets: Evidence from the options market

Aaron Goodman and Indira Puri

Household debt overhang and human capital investment

Gustavo Manso, Alejandro Rivera, Wang, Hui (Grace) and Han Xia

Firm uncertainty and households: Spending, savings, and risks

Iván Alfaro and Hoonsuk Park

The retail habitat

Toomas Laarits and Marco Sammon

Stakes and investor behaviors

Pengfei Sui and Baolian Wang

Polarization, purpose and profit

Daniel Ferreira and Radoslawa Nikolowa

When do short sellers trade? Evidence from intraday data and implications for informed trading models

Danqi Hu, Charles M. Jones, Xiaoyan Zhang and Xinran Zhang

The financial consequences of undiagnosed memory disorders

Carole Roan Gresenz, Jean M. Mitchell, Belicia Rodriguez, Crystal Wang, R. Scott Turner and Wilbert van der Klaauw

Responsible investing: Costs and benefits for university endowment funds

George O. Aragon, Yuxiang Jiang, Juha Joenväärä and Cristian Ioan Tiu

Why does options market information predict stock returns?

Dmitriy Muravyev, Neil D. Pearson and Joshua M. Pollet

Stealthy shorts: Informed liquidity supply

Amit Goyal, Adam V. Reed, Esad Smajlbegovic and Amar Soebhag

Volume 171, issue C, 2025

Surviving the fintech disruption

Wei Jiang, Yuehua Tang, Rachel J. Xiao and Vincent Yao

Printing away the mortgages: Fiscal inflation and the post-covid boom

William Diamond, Tim Landvoigt and Germán Sánchez Sánchez

CRISK: Measuring the climate risk exposure of the financial system

Hyeyoon Jung, Robert Engle and Richard Berner

Differential access to dark markets and execution outcomes

James Brugler and Carole Comerton-Forde

The economics of “Buy Now, Pay Later”: A merchant’s perspective

Tobias Berg, Valentin Burg, Jan Keil and Manju Puri

The impact of prices on analyst cash flow expectations: Reconciling subjective beliefs data with rational discount rate variation

Aditya Chaudhry

Bank stress testing, human capital investment and risk management

Thomas Schneider, Philip E. Strahan and Jun Yang

Conditional risk and the pricing kernel

David Schreindorfer and Tobias Sichert

Private equity in the hospital industry

Janet Gao, Yongseok Kim and Merih Sevilir

Economic links from bonds and cross-stock return predictability

Jian Feng, Xiaolin Huo, Xin Liu, Yifei Mao and Hong Xiang

Volume 170, issue C, 2025

Receiving investors in the block market for corporate bonds

Stacey Jacobsen and Kumar Venkataraman

Redeploying dirty assets: The impact of environmental

Jason Chen

Pension fund flows, exchange rates, and covered interest rate parity

Felipe Aldunate, Zhi Da, Borja Larrain and Clemens Sialm

Entrepreneurial spillovers across coworkers

Melanie Wallskog

Revenue collapses and the consumption of small business owners in the COVID-19 pandemic

Olivia S. Kim, Jonathan Parker and Antoinette Schoar

Banks as regulated traders

Antonio Falato, Diana Iercosan and Filip Zikes

Robust difference-in-differences analysis when there is a term structure

Kjell Nyborg and Jiri Woschitz

Do intermediaries improve GSE lending? Evidence from proprietary GSE data

Joshua Bosshardt, Ali Kakhbod and Amir Kermani

A quantitative analysis of bank lending relationships

Kyle Dempsey and Miguel Faria-e-Castro

Exorbitant privilege? Quantitative easing and the bond market subsidy of prospective fallen angels

Viral V. Acharya, Ryan Banerjee, Matteo Crosignani, Tim Eisert and Renée Spigt

Liquidity picking and fund performance

Feng Jiao, Sergei Sarkissian and David Schumacher