Journal of Empirical Finance

1993 - 2025

Current editor(s): R. T. Baillie, F. C. Palm, Th. J. Vermaelen and C. C. P. Wolff

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

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 69, issue C, 2022

Do firms use credit lines to support investment opportunities?: Evidence from success in R&D pp. 1-14

Jiyoon Lee

Why Do U.S. Firms Invest Less over Time? pp. 15-42

Fangjian Fu, Sheng Huang and Rong Wang

Running a mutual fund: Performance and trading behavior of runner managers pp. 43-62

Arash Dayani and Sima Jannati

Is corporate tax avoidance related to employee treatment? pp. 63-80

Sholom Schochet, Mohammed Benlemlih and Jamil Jaballah

Organization capital and analyst coverage pp. 81-105

Konan Chan, Re-Jin J. Guo, Yanzhi A. Wang and Hsiao-Lin Yang

Bitcoin unchained: Determinants of cryptocurrency exchange liquidity pp. 106-122

Alexander Brauneis, Roland Mestel, Ryan Riordan and Erik Theissen

Stock price movements: Evidence from global equity markets pp. 123-143

Chunhua Lan and Bao Doan

Monitoring institutional ownership and corporate innovation pp. 144-165

Steve Miller, Bin Qiu, Bin Wang and Tina Yang

Enhancing the profitability of lottery strategies pp. 166-184

Kyung Yoon Kwon, Byoung-Kyu Min and Chenfei Sun

Foreign bank entry deregulation and stock market stability: Evidence from staggered regulatory changes pp. 185-207

Tse-Chun Lin, Jinyu Liu and Xiaoran Ni

Does subsidiary bank failure affect parents’ capital decisions? Evidence from US bank holding companies pp. 208-223

William Senyu Wang

A corporate credit rating model with autoregressive errors pp. 224-240

Rainer Hirk, Laura Vana and Kurt Hornik

Coskewness and reversal of momentum returns: The US and international evidence pp. 241-264

Liang Dong, Yiqing Dai, Tariq Haque, Hung Wan Kot and Takeshi Yamada

Peer influence and the value of cash holdings pp. 265-284

Yuan Zhuang, Jing Nie and Weixing Wu

Consumption risks in option returns pp. 285-302

Shuwen Yang, Kevin Aretz, Hening Liu and Yuzhao Zhang

Volume 68, issue C, 2022

Managerial commitment and heterogeneity in target-date funds pp. 1-19

Mike Qinghao Mao and Ching Hin Wong

COVID-19, bank deposits, and lending pp. 20-33

H. Özlem Dursun-de Neef and Alexander Schandlbauer

Mispricing chasing and hedge fund returns pp. 34-49

Tianyi Ma, Baibing Li and Kai-Hong Tee

Economic evaluation of asset pricing models under predictability pp. 50-66

Erwin Hansen

Technology shocks and stock returns: A long-term perspective pp. 67-83

Susan Sunila Sharma and Paresh Kumar Narayan

Religiosity and sovereign credit quality pp. 84-103

Wen-Liang G. Hsieh, Wei-Shao Wu and Anthony H. Tu

Decision-based trades: An analysis of institutional investors’ information advantages pp. 104-115

Yawen Jiao

Natural disasters and the role of regional lenders in economic recovery pp. 116-132

Hursit S. Celil, Seungjoon Oh and Srinivasan Selvam

Forecasting earnings with combination of analyst forecasts pp. 133-159

Hai Lin, Xinyuan Tao and Chunchi Wu

New evidence on Bayesian tests of global factor pricing models pp. 160-172

Zhuo Qiao, Yan Wang and Keith S.K. Lam

How do bail-in amendments in Directive (EU) 2017/2399 affect the subordinated bond yields of EU G-SIBs? pp. 173-189

Giulio Velliscig, Josanco Floreani and Maurizio Polato

Long-horizon stock valuation and return forecasts based on demographic projections pp. 190-215

Chaoyi Chen, Nikolay Gospodinov, Alex Maynard and Elena Pesavento

It is not just What you say, but How you say it: Why tonality matters in central bank communication pp. 216-231

Chen Gu, Denghui Chen, Raluca Stan and Aizhong Shen

Multiple testing of the forward rate unbiasedness hypothesis across currencies pp. 232-245

Hsuan Fu and Richard Luger

Testing predictability of stock returns under possible bubbles pp. 246-260

Bingduo Yang, Wei Long and Zihui Yang

Volume 67, issue C, 2022

Do connections pay off in the bitcoin market? pp. 1-18

Kwok Ping Tsang and Zichao Yang

Small is beautiful? How the introduction of mini futures contracts affects the regular contracts pp. 19-38

Stefan Greppmair and Erik Theissen

Partial moments and indexation investment strategies pp. 39-59

Jinbo Huang, Yong Li and Haixiang Yao

Dynamic risk management and asset comovement pp. 60-77

Søren Bundgaard Brøgger

The informativeness of regional GDP announcements: Evidence from China pp. 78-99

Rubin Hao, Guanmin Liao, Wenhong Ding and Wei Guan

The non-linear trade-off between return and risk and its determinants pp. 100-132

John Cotter and Enrique Salvador

Uncovered interest rate parity redux: Non-uniform effects pp. 133-151

Yin-Wong Cheung and Wenhao Wang

The anatomy of a fee change — evidence from cryptocurrency markets pp. 152-167

Alexander Brauneis, Roland Mestel, Ryan Riordan and Erik Theissen

The role of information signals in determining crowdfunding outcomes pp. 168-181

Jin-Hyuk Kim, Peter Newberry and Calvin Qiu

Depositor responses to a banking crisis: Are finance professionals special? pp. 182-195

Glenn Boyle, Roger Stover, Amrit Tiwana and Oleksandr Zhylyevskyy

Equity issues, creditor control and market timing patterns: Evidence from leverage decreasing recapitalizations pp. 196-216

Michael Kisser and Loreta Rapushi

US risk premia under emerging markets constraints pp. 217-230

Elias Cavalcante-Filho, Fernando Chague, Rodrigo De-Losso and Bruno Giovannetti

Mutual fund (sub)advisor connections and crowds pp. 231-252

William Beggs and Luke DeVault

Corporate hedging fragility in the over-the-counter market pp. 253-270

Paul Calluzzo and Evan Dudley

The stock market tips pp. 271-287

Cihan Uzmanoglu

Stock return prediction: Stacking a variety of models pp. 288-317

Albert Bo Zhao and Tingting Cheng

I only fear when I hear: How media affects insider trading in takeover targets pp. 318-342

Mark Aleksanyan, Jo Danbolt, Antonios Siganos and Wu, Betty (H.T.)

Volume 66, issue C, 2022

Isolating momentum crashes pp. 1-22

Maik Dierkes and Jan Krupski

The impact of liquidity risk in the Chinese banking system on the global commodity markets pp. 23-50

Yonghwan Jo, Jihee Kim and Francisco Santos

Cross-border M&As and credit risk: Evidence from the CDS market pp. 51-73

Iuliana Ismailescu and Burcin Col

Financial risk-taking, religiosity and denomination heterogeneity pp. 74-98

Jian Li

Development banks and the syndicate structure: Evidence from a world sample pp. 99-120

Degl’Innocenti, Marta, Marco Frigerio and Si Zhou

Is idiosyncratic risk priced? The international evidence pp. 121-136

Paul Brockman, Tao Guo, Maria Gabriela Vivero and Wayne Yu

Reinsurance demand and liquidity creation: A search for bicausality pp. 137-154

Denise Desjardins, Georges Dionne and Koné, N’Golo

The diversification benefits and policy risks of accessing China’s stock market pp. 155-175

Chenyu Shan, Dragon Yongjun Tang, Sarah Qian Wang and Chang Zhang

Income, trading, and performance: Evidence from retail investors pp. 176-195

Dien Giau Bui, Iftekhar Hasan, Chih-Yung Lin and Rui-Xiang Zhai