Journal of Financial Markets

1998 - 2025

Current editor(s): B. Lehmann, D. Seppi and A. Subrahmanyam

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

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Coarse pricing in QE auctions: Yusuke Tsujimoto
Does the threat of short selling discipline management? Evidence from default risk changes around regulation SHO: Keming Li, Takeshi Nishikawa and Ramesh P. Rao
Bank of Japan’s ETF purchase program and equity risk premium: A CAPM interpretation: Mitsuru Katagiri, Junnosuke Shino and Koji Takahashi
Too many irons in the fire: The impact of limited institutional attention on market microstructure and efficiency: Hao Jiang, Yong Ma and Tianyang Wang

Unintended consequence of high bid price exclusion in IPO auctions: Evidence from China: Di Wu, Xiaoke Cheng, Kam C. Chan and Shenghao Gao
Do short-sale constraints inhibit information acquisition? Evidence from regulation SHO: Su, Lixin (Nancy), Sonia Man-Lai Wong, Yuan Xue and Xiaofeng Zhao
An ETF-based measure of stock price fragility: Hamilton Galindo Gil and Renato Lazo-Paz
The price evolution in financial markets under influence of published opinions: Xiaodi Zhang
Bigger pie, bigger slice: liquidity, value gain, and underpricing in IPOs: Yang Guo, Lily Yuanzhi Li and Hongda Zhong

December doldrums, investor distraction, and the stock market reaction to unscheduled news events: Sudheer Chava and Nikhil Paradkar
Robinhood, Reddit, and the news: The impact of traditional and social media on retail investor trading: Markus Münster, Felix Reichenbach and Martin Walther
Arbitrage opportunities and efficiency tests in crypto derivatives: Carol Alexander, Xi Chen, Jun Deng and Tianyi Wang
Short selling and the pricing of PIN information risk: Chen Chen, Qiqi Liang, Chris Stivers and Licheng Sun
Asymmetry and the Cross-section of Option Returns: Jianqiu Wang, Ke Wu, Sijie Yang and Dexin Zhou
Financial congestion: Deniz Okat
Can stock trading suspension calm down investors during market crises?: Weihua Chen, Jennifer Huang, Donghui Shi and Zhongzhi Song
Institutional investor cliques and stock price efficiency: Evidence from China: Xiaodong Guo, Caiji Pang, Zheng Qiao and Xiangkun Yao

The role of options markets in corporate social responsibility: Fengfei Li, Chen Lin, Tse-Chun Lin and Sichen Shen
Search friction, liquidity risk, and bond misallocation: Shuo Liu
Oil information uncertainty and aggregate market returns: A natural experiment based on satellite data: Xianfeng Hao, Yudong Wang, Chongfeng Wu and Liangyu Wu
Firm visibility, liquidity, and valuation for thinly traded assets: Bing Han, Xinming Huang, Qi Liu and Yu-Jane Liu
Synchronous social media and the stock market: Chaehyun Pyun
Doctors managing mutual funds: Returns to specialization in asset management: Leonard Kostovetsky and Vladimir Ratushny
Margin trading, short selling, and information asymmetry: Minggang Xu, Xueyong Zhang and Yeqing Zhang
The volatility of stock investor returns: Ilia D. Dichev and Xin Zheng

The price effect of temporary short-selling bans: Theory and evidence: Haoshu Tian, Yan, Xuemin (Sterling) and Lingling Zheng
Financial news media and volatility: Is there more to newspapers than news?: Julian Ashwin
Stabilizing the financial markets through communication and informed trading: Qi Guo, Huang, Shao’an and Gaowang Wang
Leveraged trading and stock returns: Evidence from international stock markets: Zhuo Chen, Pengfei Li, Zhengwei Wang and Bohui Zhang
Fundamental characteristics, machine learning, and stock price crash risk: Fuwei Jiang, Tian Ma and Feifei Zhu
Algorithmic trading and market efficiency around the introduction of the NYSE Hybrid Market: Darya Yuferova
Strategic trading as a response to short sellers: Marco Di Maggio, Francesco Franzoni, Massimo Massa and Roberto Tubaldi

Corporate bond price reversals: Alexey Ivashchenko
Price formation in field prediction markets: The wisdom in the crowd: Frederik Bossaerts, Nitin Yadav, Peter Bossaerts, Chad Nash, Torquil Todd, Torsten Rudolf, Rowena Hutchins, Anne-Louise Ponsonby and Karl Mattingly
Understanding the impacts of dark pools on price discovery: Linlin Ye
Institutional herding and investor sentiment: Xu Guo, Chen Gu, Chengping Zhang and Shenru Li
The impact of margin requirements on voluntary clearing decisions: Esen Onur, David Reiffen and Rajiv Sharma
Are fund managers rewarded for taking cyclical risks?: Ellen Ryan
Intraday variation in cross-sectional stock comovement and impact of index-based strategies: Yiwen Shen and Meiqi Shi
Extreme illiquidity and cross-sectional corporate bond returns: Xi Chen, Junbo Wang, Chunchi Wu and Di Wu

The lead–lag relation between VIX futures and SPX futures: Christine Bangsgaard and Thomas Kokholm
Informed trading prior to financial misconduct: Evidence from option markets: Keming Li
Do analysts distribute negative opinions earlier?: Yanhua Sunny Yang and Chris Yung
Private information disclosure in the secondary loan market and its impact on equity market trading costs: Anthony Saunders, Pei Shao and Yuchao Xiao
Abnormal stock returns and shorting around securities class action lawsuits: The role of pre-filing news releases: Chris Stivers, Licheng Sun and Sounak Saha
Business seasonality and stock liquidity: Joseph M. Marks and Chenguang Shang
Does better liquidity for large orders attract institutional investors and analysts? Evidence from the Tick Size Pilot Program: Mengdie Deng, Tse-Chun Lin and Jiayu Zhou
Disentangling the supply and announcement effects of open market operations: Narayan Bulusu

Quarterly investment spikes, stock returns, and the investment factor: Michela Altieri and Jan Schnitzler
Insider trading regulation and trader migration: Robert Merl, Stefan Palan, Dominik Schmidt and Thomas Stöckl
Price bands and their effects on equity markets: Evidence from a natural experiment: Vladimir A. Gatchev, Rama Seth, Ajai Singh and S.R. Vishwanatha
Retail trading and analyst coverage: Charles Martineau and Marius Zoican
Order splitting and interacting with a counterparty: Vincent van Kervel, Amy Kwan and P. Joakim Westerholm
Who trades at the close? Implications for price discovery and liquidity: Vincent Bogousslavsky and Dmitriy Muravyev
The market quality implications of speed in cross-platform trading: Evidence from Frankfurt-London microwave: Khaladdin Rzayev, Gbenga Ibikunle and Tom Steffen
Climate risks and state-level stock market realized volatility: Matteo Bonato, Oguzhan Cepni, Rangan Gupta and Christian Pierdzioch
Mood, attention, and household trading: Evidence from terrorist attacks: Albert Y. Wang and Michael Young