Journal of Financial and Quantitative Analysis

1966 - 2025

From Cambridge University Press
Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().

Access Statistics for this journal.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

Volume 58, issue 8, 2023

Is There Smart Money? How Information in the Commodity Futures Market Is Priced into the Cross Section of Stock Returns with Delay pp. 3201-3230

Steven Wei Ho and Alexandre R. Lauwers

Quadrophobia: Strategic Rounding of EPS Data pp. 3231-3273

Nadya Malenko, Joseph A. Grundfest and Yao Shen

Corporate Leadership and Inherited Beliefs About Gender Roles pp. 3274-3304

R. David McLean, Christo Pirinsky and Mengxin Zhao

Is There a Trade-off Between Protecting Investors and Promoting Entrepreneurial Activity? Evidence from Angel Financing pp. 3305-3341

Jiajie Xu

Do FinTech Mortgage Lenders Fill the Credit Gap? Evidence from Natural Disasters pp. 3342-3383

Linda Allen, Yu Shan and Yao Shen

Uncovering Sparsity and Heterogeneity in Firm-Level Return Predictability Using Machine Learning pp. 3384-3419

Theodoros Evgeniou, Ahmed Guecioueur and Rodolfo Prieto

The Design and Welfare Implications of Mandatory Pension Plans pp. 3420-3449

Linda S. Larsen and Claus Munk

Artificial Market Timing in Mutual Funds pp. 3450-3481

Jeffrey A. Busse, Jing Ding, Lei Jiang and Yuehua Tang

Out of Sync: Dispersed Short Selling and the Correction of Mispricing pp. 3482-3520

Antonio Gargano, Juan Sotes-Paladino and Patrick Verwijmeren

Proprietary Knowledge Protection and Product Market Performance pp. 3521-3546

Justin Hung Nguyen, Peter Pham and Buhui Qiu

Idiosyncrasy as a Leading Indicator pp. 3547-3576

Randall Morck, Bernard Yeung and Lu Y. Zhang

Central Counterparty Default Waterfalls and Systemic Loss pp. 3577-3612

Samim Ghamami, Mark Paddrik and Simpson Zhang

International Yield Spillovers pp. 3613-3643

Don H. Kim and Marcelo Ochoa

Identifying the Effects of Macroeconomic Attention Through Foreign Investor Distraction pp. 3644-3671

Paul Marmora

Volume 58, issue 7, 2023

The Demise of the NYSE and Nasdaq: Market Quality in the Age of Market Fragmentation pp. 2753-2782

Peter Haslag and Matthew Ringgenberg

Negation of Sanctions: The Personal Effect of Political Contributions pp. 2783-2819

Sarah Fulmer, April Knill and Xiaoyun Yu

Shining a Light in a Dark Corner: Does EDGAR Search Activity Reveal the Strategically Leaked Plans of Activist Investors? pp. 2820-2851

Ryan Flugum, Choonsik Lee and Matthew E. Souther

Investor Behavior at the 52-Week High pp. 2852-2889

Joshua Della Vedova, Andrew Grant and P. Joakim Westerholm

Assimilation Effects in Financial Markets pp. 2890-2927

Eliezer M. Fich and Guosong Xu

Patent Trolls and the Market for Acquisitions pp. 2928-2958

Arash Dayani

Do Private Equity Managers Raise Funds on (Sur)real Returns? Evidence from Deal-Level Data pp. 2959-2992

Niklas Hüther

CEO Compensation Incentives and Playing It Safe: Evidence from FAS 123R pp. 2993-3026

Nicholas F. Carline, Oksana Pryshchepa and Bo Wang

Board Governance and Investment Sensitivity to Stock Price: International Evidence pp. 3027-3057

Hamdi Driss

Business Cycles, Regime Shifts, and Return Predictability pp. 3058-3084

Wei Yang

Workforce Policies and Operational Risk: Evidence from U.S. Bank Holding Companies pp. 3085-3120

Filippo Curti, Larry Fauver and Atanas Mihov

Shoot the Arrow, Then Paint the Target: CEO Compensation and Institutional Shareholder Services Benchmarking pp. 3121-3152

Subramanian R. Iyer, Oded Palmon and Harikumar Sankaran

Fast-Moving Habit: Implications for Equity Returns pp. 3153-3194

Anthony W. Lynch and Oliver Randall

The Macroeconomic Uncertainty Premium in the Corporate Bond Market—Corrigendum pp. 3195-3200

Turan G. Bali, Avanidhar Subrahmanyam and Quan Wen

Volume 58, issue 6, 2023

PEAD.txt: Post-Earnings-Announcement Drift Using Text pp. 2299-2326

Vitaly Meursault, Pierre Jinghong Liang, Bryan R. Routledge and Madeline Marco Scanlon

Indirect Insider Trading pp. 2327-2364

Brad Goldie, Chao Jiang, Paul Koch and M. Babajide Wintoki

Spillover Effects of the Opioid Epidemic on Consumer Finance pp. 2365-2386

Mark Jansen

When Bigger is Better: The Impact of a Tiny Tick Size on Undercutting Behavior pp. 2387-2416

Anne H. Dyhrberg, Sean Foley and Jiri Svec

Diseconomies of Scale in Quantitative and Fundamental Investment Styles pp. 2417-2445

Richard B. Evans, Martin Rohleder, Hendrik Tentesch and Marco Wilkens

Determinants of Capital Structure: An Expanded Assessment pp. 2446-2488

Toshinori Fukui, Todd Mitton and Robert Schonlau

Short-Sale Constraints and Corporate Investment pp. 2489-2521

Xiaohu Deng, Vishal K. Gupta, Marc L. Lipson and Sandra Mortal

The Real Effects of Equity Markets on Innovation pp. 2522-2552

Chris Mace

The Growth of Finance is Not Remarkable pp. 2553-2578

James R. Brown, Gustav Martinsson and Bruce Petersen

The Effect of Organization Capital on the Cost of Bank Loans pp. 2579-2616

Anna Danielova, Bill B. Francis, Haimeng Teng and Qiang Wu

Product Market Competition and FDI Decisions pp. 2617-2656

Tiago Loncan

Relationship Lending and Employment Decisions in Firms’ Bad Times pp. 2657-2691

Pierluigi Murro, Tommaso Oliviero and Alberto Zazzaro

Enhanced Global Asset Pricing Factors pp. 2692-2731

Lukas Zimmermann

Do Directors Respond to Stock Mispricing? Evidence from CEO Turnovers pp. 2732-2751

Jim Goldman

Volume 58, issue 5, 2023

ESG Preference, Institutional Trading, and Stock Return Patterns pp. 1843-1877

Jie Cao, Sheridan Titman, Xintong Zhan and Weiming Zhang

The Distribution of Voting Rights to Shareholders pp. 1878-1910

Vyacheslav Fos and Clifford G. Holderness

Credit Default Swaps and Lender Incentives in Bank Debt Renegotiations pp. 1911-1942

Indraneel Chakraborty, Sudheer Chava and Rohan Ganduri

State Controlling Shareholders and Payout Policy pp. 1943-1972

Chen Lin, Hang Liu, Chenkai Ni and Bohui Zhang

Access to Finance and Technological Innovation: Evidence from Pre-Civil War America pp. 1973-2023

Yifei Mao and Jessie Jiaxu Wang

Fake Products, Real Effects: Evidence from Special 301 Actions pp. 2024-2063

Mehmet I. Canayaz and Umit G. Gurun

M&A Activity and the Capital Structure of Target Firms pp. 2064-2095

Mark J. Flannery, Jan Hanousek, Anastasiya Shamshur and Jiri Tresl

The Role of Creditor Protection in Lending and Tax Avoidance pp. 2096-2130

Antonio De Vito and Martin Jacob

Indirect Evergreening Using Related Parties: Evidence From India pp. 2131-2161

Nishant Kashyap, Sriniwas Mahapatro and Prasanna Tantri

The Market for Corporate Control as a Limit to Short Arbitrage pp. 2162-2189

Costanza Meneghetti, Ryan Williams and Steven C. Xiao

The Only Constant Is Change: Nonconstant Volatility and Implied Volatility Spreads pp. 2190-2227

T. Colin Campbell, Michael Gallmeyer and Alex Petkevich

Positive Bank-to-Bank Spillovers pp. 2228-2261

Shasta Shakya

Insider Filing Violations and Illegal Information Delay pp. 2262-2297

Brandon N. Cline and Caleb Houston

Volume 58, issue 4, 2023

An Empirical Assessment of Empirical Corporate Finance pp. 1391-1430

Jeffrey L. Coles and Zhichuan F. Li

Machine Learning and the Stock Market pp. 1431-1472

Jonathan Brogaard and Abalfazl Zareei

Measuring and Improving Stakeholder Welfare Is Easier Said than Done pp. 1473-1507

Umit G. Gurun, Jordan Nickerson and David H. Solomon

Crises as Opportunities for Growth: The Strategic Value of Business Group Affiliation pp. 1508-1546

Ronald Masulis, Peter K. Pham, Jason Zein and Alvin E. S. Ang

Delegated Monitoring, Institutional Ownership, and Corporate Misconduct Spillovers pp. 1547-1581

Ugur Lel, Gerald S. Martin and Zhongling Qin

CEO Selection and Executive Appearance pp. 1582-1611

Douglas O. Cook and Shawn Mobbs

Speed and Expertise in Stock Picking: Older, Slower, and Wiser? pp. 1612-1644

Romain Boulland, Chayawat Ornthanalai and Kent Womack

Does Sunlight Kill Germs? Stock Market Listing and Workplace Safety pp. 1645-1674

Claire Y. C. Liang, Yaxuan Qi, Zhang, Rengong (Alex) and Haoran Zhu

Fragmentation and Strategic Market-Making pp. 1675-1700

Laurence Daures and Sophie Moinas

Bank Lines of Credit as a Source of Long-Term Finance pp. 1701-1733

Xin Chang, Yunling Chen and Ronald Masulis

Foreign Acquisition and Credit Risk: Evidence from the U.S. CDS Market pp. 1734-1767

Umit Yilmaz

Foreign Ties That Bind: Cross-Border Firm Expansions and Fund Portfolio Allocation Around the World pp. 1768-1807

Fariborz Moshirian, Peter K. Pham, Shu Tian and Eliza Wu

Recovery with Applications to Forecasting Equity Disaster Probability and Testing the Spanning Hypothesis in the Treasury Market pp. 1808-1842

Gurdip Bakshi, Xiaohui Gao and Jinming Xue

Volume 58, issue 3, 2023

Market Return Around the Clock: A Puzzle pp. 939-967

Oleg Bondarenko and Dmitriy Muravyev

Zeroing In on the Expected Returns of Anomalies pp. 968-1004

Andrew Y. Chen and Mihail Velikov

Retail Attention, Institutional Attention pp. 1005-1038

Hongqi Liu, Lin Peng and Yi Tang

Selection Bias in Mutual Fund Fire Sales pp. 1039-1077

Elizabeth A. Berger

The Response to Share Mispricing by Issuing Firms and Short Sellers pp. 1078-1110

Paul Schultz

Financial Costs of Judicial Inexperience: Evidence From Corporate Bankruptcies pp. 1111-1143

Benjamin Iverson, Joshua Madsen, Wei Wang and Qiping Xu

Inter-Firm Inventor Collaboration and Path-Breaking Innovation: Evidence From Inventor Teams Post-Merger pp. 1144-1171

Kai Li and Jin Wang

Do Cross-Sectional Predictors Contain Systematic Information? pp. 1172-1201

Joseph Engelberg, R. David McLean, Jeffrey Pontiff and Matthew Ringgenberg

Hedging Commodity Price Risk pp. 1202-1229

Hamed Ghoddusi, Sheridan Titman and Stathis Tompaidis

Does Finance Make Us Less Social? pp. 1230-1262

Henrik Cronqvist, Mitch Warachka and Frank Yu

Maturity Clienteles and Corporate Bond Maturities pp. 1263-1294

Alexander Butler, Xiang Gao and Cihan Uzmanoglu

Synthetic Options and Implied Volatility for the Corporate Bond Market pp. 1295-1325

Steven Shu-Hsiu Chen, Hitesh Doshi and Sang Byung Seo

Earnings Growth and Acquisition Returns: Do Investors Gamble in the Takeover Market? pp. 1326-1358

Tingting Liu and Danni Tu

Regulating Commission-Based Financial Advice: Evidence from a Natural Experiment pp. 1359-1389

Stanislav Sokolinski

Volume 58, issue 2, 2023

Public Attention to Gender Equality and Board Gender Diversity pp. 485-511

Mariassunta Giannetti and Tracy Yue Wang

Shareholder Litigation and Corporate Social Responsibility pp. 512-542

Steven Freund, Nam H. Nguyen and Hieu V. Phan

Information Intermediaries: How Commercial Bankers Facilitate Strategic Alliances pp. 543-573

Marc Frattaroli and Christoph Herpfer

Shareholder Litigation Risk and Firms’ Choice of External Growth pp. 574-614

Chenchen Huang, Neslihan Ozkan and Fangming Xu

Trust and Debt Contracting: Evidence From the Backdating Scandal pp. 615-646

Veljko Fotak, Jiang, Feng (Jack), Haekwon Lee and Erik Lie

Peer Effects in Equity Research pp. 647-676

Kenny Phua, Mandy Tham and Chishen Wei

Equity Trading Activity and Treasury Bond Risk Premia pp. 677-710

Stefanie Schraeder, Elvira Sojli, Avanidhar Subrahmanyam and Wing W. Tham

Does Industry Competition Influence Analyst Coverage Decisions and Career Outcomes? pp. 711-745

Charles Hsu, Xi Li, Zhiming Ma and Gordon M. Phillips

Public Market Information and Venture Capital Investment pp. 746-776

Brian Gibbons

FIEs and the Transmission of Global Financial Uncertainty: Evidence from China pp. 777-804

Shujie Wu and Haichun Ye

Collateral Constraints, Financial Constraints, and Risk Management: Evidence From Anti-Recharacterization Laws pp. 805-836

Fairhurst, Douglas (dj) and Yoonsoo Nam

Technological Fit and the Market for Managerial Talent pp. 837-874

Fred Bereskin, Seong K. Byun and Jong-Min Oh

Determinants of International Buyout Investments pp. 875-913

Serdar Aldatmaz, Greg W. Brown and Asli Demirguc-Kunt

The Role of the Discount Rate in Investment and Employment Decisions pp. 914-938

Stig Vinther Møller and Richard Priestley

Volume 58, issue 1, 2023

Words Matter: The Role of Readability, Tone, and Deception Cues in Online Credit Markets pp. 1-28

Qiang Gao, Mingfeng Lin and Richard Sias

Do Natural Disaster Experiences Limit Stock Market Participation? pp. 29-70

Sreedhar T. Bharath and DuckKi Cho

Political Uncertainty and Firm Investment: Project-Level Evidence from M&A Activity pp. 71-103

Zhenhua Chen, Mehmet Cihan, Candace E. Jens and T. Beau Page

Market Development, Information Diffusion, and the Global Anomaly Puzzle pp. 104-147

Charlie X. Cai, Kevin Keasey, Peng Li and Qi Zhang

Litigation Risk Management Through Corporate Payout Policy pp. 148-174

Matteo P. Arena and Brandon Julio

Liquidation, Bailout, and Bail-In: Insolvency Resolution Mechanisms and Bank Lending pp. 175-216

Bart M. Lambrecht and Alex S. L. Tse

How Do Board Reforms Affect Debt Financing Costs Around the World? pp. 217-249

(Zhao) Chiu, Hui, Chen Lin and Lai Wei

International Yield Comovements pp. 250-288

Geert Bekaert and Andrey Ermolov

To Securitize or to Price Credit Risk? pp. 289-323

Danny McGowan and Huyen Nguyen

The Economics of Supranational Bank Supervision pp. 324-351

Thorsten Beck, Consuelo Silva-Buston and Wolf Wagner

Institutional Investors, Households, and the Time-Variation in Expected Stock Returns pp. 352-391

Rüdiger Weber

Mining the Short Side: Institutional Investors and Stock Market Anomalies pp. 392-418

Xin Gao and Ying Wang

Discounting Restricted Securities pp. 419-448

Tarik Umar, Emmanuel Yimfor and Rustam Zufarov

Forward-Looking Policy Rules and Currency Premia pp. 449-483

Ilias Filippou and Mark Taylor