Journal of Financial Markets

1998 - 2025

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

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Quantifying cognitive biases in analyst earnings forecasts pp. 333-365: Geoffrey Friesen and Paul A. Weller
Underwriter learning about unfamiliar firms: Evidence from the history of biotech IPOS pp. 366-407: Kuntara Pukthuanthong
Order book characteristics and the volume-volatility relation: Empirical evidence from a limit order market pp. 408-432: Randi Næs and Johannes Skjeltorp
Hybrid markets, tick size and investor trading costs pp. 433-447: Evgenia Portniaguina, Dan Bernhardt and Eric Hughson

Profits and speculation in intra-day foreign exchange trading pp. 223-245: Alexander Mende and Lukas Menkhoff
The impact of preferencing on execution quality pp. 246-273: Chen He, Elizabeth Odders-White and Mark Ready
Value of analyst recommendations: International evidence pp. 274-309: Narasimhan Jegadeesh and Woojin Kim
Divergence of opinion and equity returns under different states of earnings expectations pp. 310-331: John Doukas, Chansog Kim and Christos Pantzalis

Equity trading by institutional investors: To cross or not to cross? pp. 79-99: Randi Næs and Bernt Ødegaard
The value of the specialist: Empirical evidence from the CBOE pp. 100-118: Amber Anand and Daniel G. Weaver
An examination of large sell orders in cold IPO aftermarkets pp. 119-143: C.N.V. Krishnan, Ajai K. Singh and Allan A. Zebedee
Cross-listing, price discovery and the informativeness of the trading process pp. 144-161: Roberto Pascual, Bartolomé Pascual-Fuster and Francisco Climent
On the importance of timing specifications in market microstructure research pp. 162-179: Thomas Henker and Jianxin Wang
Option-implied risk preferences: An extension to wider classes of utility functions pp. 180-198: Byung Jin Kang and Tong Suk Kim
The influence of call auction algorithm rules on market efficiency pp. 199-222: Carole Comerton-Forde and James Rydge

Strategic delivery failures in U.S. equity markets pp. 1-26: Leslie Boni
On the presence and market-structure of exchanges around the world pp. 27-48: Matthew J. Clayton, Bjørn Jørgensen and Kenneth A. Kavajecz
Market structure, fragmentation, and market quality pp. 49-78: Paul Bennett and Li Wei

Liquidity commonality and return co-movement pp. 351-376: Ian Domowitz, Oliver Hansch and Xiaoxin Wang
Duration, volume and volatility impact of trades pp. 377-399: Simone Manganelli
Did decimalization hurt institutional investors? pp. 400-420: Sugato Chakravarty, Venkatesh Panchapagesan and Robert A. Wood
Price clustering on the limit-order book: Evidence from the Stock Exchange of Hong Kong pp. 421-451: Hee-Joon Ahn, Jun Cai and Yan Leung Cheung

Should securities markets be transparent? pp. 265-287: Ananth Madhavan, David Porter and Daniel Weaver
Empirical evidence on the evolution of liquidity: Choice of market versus limit orders by informed and uninformed traders pp. 288-308: Amber Anand, Sugato Chakravarty and Terrence Martell
Firm-initiated and exchange-initiated transfers to continuous trading: Evidence from the Warsaw Stock Exchange pp. 309-323: Harald Henke and Beni Lauterbach
Dispersion of opinion and stock returns pp. 324-349: William Goetzmann and Massimo Massa

Stock valuation in dynamic economies pp. 111-151: Gurdip Bakshi and Zhiwu Chen
Time-varying informed and uninformed trading activities pp. 153-181: Qin Lei and Guojun Wu
Trade disclosure and price dispersion pp. 183-216: Maria-Angeles de Frutos and Carolina Manzano
Market microstructure: A survey of microfoundations, empirical results, and policy implications pp. 217-264: Bruno Biais, Larry Glosten and Chester Spatt

Trade-through prohibitions and market quality pp. 1-23: Terrence Hendershott and Charles Jones
The information content of the limit order book: evidence from NYSE specialist trading decisions pp. 25-67: Lawrence E. Harris and Venkatesh Panchapagesan
Price impacts of options volume pp. 69-87: Christian Schlag and Hans Stoll
International momentum strategies: a stochastic dominance approach pp. 89-109: Wai Mun Fong, Wing-Keung Wong and Hooi Hooi Lean

The manipulation of closing prices pp. 351-375: Pierre Hillion and Matti Suominen
Are share price levels informative? Evidence from the ownership, pricing, turnover and performance of IPO firms pp. 377-403: Chitru S. Fernando, Srinivasan Krishnamurthy and Paul A. Spindt
Can order exposure be mandated? pp. 405-426: Amber Anand and Daniel G. Weaver
Short sales, price pressure, and the stock price response to convertible bond calls pp. 427-451: Ken L. Bechmann

Value creating stock manipulation: feedback effect of stock prices on firm value pp. 237-270: Naveen Khanna and Ramana Sonti
Market liquidity as a sentiment indicator pp. 271-299: Malcolm Baker and Jeremy Stein
Trading strategies during circuit breakers and extreme market movements pp. 301-333: Michael Goldstein and Kenneth A. Kavajecz
The market microstructure and relative performance of Taiwan stock index futures: a comparison of the Singapore exchange and the Taiwan futures exchange pp. 335-350: Yu Chuan Huang

Microstructure with multiple assets: an experimental investigation into direct and indirect dealer competition pp. 117-143: Christopher G. Lamoureux and Charles R. Schnitzlein
Expandable limit order markets pp. 145-185: Leslie Boni and Chris Leach
Manipulation in market order models pp. 187-206: Archishman Chakraborty and Bilge Yilmaz
Market-wide impact of the disposition effect: evidence from IPO trading volume pp. 207-235: Markku Kaustia

Impacts of trades in an error-correction model of quote prices pp. 1-25: Robert Engle and Andrew Patton
Specialist performance and new listing allocations on the NYSE: an empirical analysis pp. 27-51: Shane A. Corwin
Order aggressiveness in limit order book markets pp. 53-74: Angelo Ranaldo
Determining security speed of adjustment coefficients pp. 75-96: Michael Theobald and Peter Yallup
Public disclosures and calendar-related movements in risk premiums: evidence from interbank lending pp. 97-116: Craig H. Furfine