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Journal of Financial Economics

1974 - 2022

Current editor(s): G. William Schwert

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

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Volume 145, issue 2, 2022

News as sources of jumps in stock returns: Evidence from 21 million news articles for 9000 companies pp. 1-17 Downloads
Yoontae Jeon, Thomas H. McCurdy and Xiaofei Zhao
Fund manager skill in an era of globalization: Offshore concentration and fund performance pp. 18-40 Downloads
John Jianqiu Bai, Yuehua Tang, Chi Wan and H. Zafer Yüksel
Skill versus reliability in venture capital pp. 41-63 Downloads
Naveen Khanna and Richmond D. Mathews
Machine learning in the Chinese stock market pp. 64-82 Downloads
Markus Leippold, Qian Wang and Wenyu Zhou
A frog in every pan: Information discreteness and the lead-lag returns puzzle pp. 83-102 Downloads
Shiyang Huang, Charles M.C. Lee, Yang Song and Hong Xiang
The effect of media-linked directors on financing and external governance pp. 103-131 Downloads
Alberta Di Giuli and Paul A. Laux
Gravity, counterparties, and foreign investment pp. 132-152 Downloads
Cristian Badarinza, Tarun Ramadorai and Chihiro Shimizu
Value creation in shareholder activism pp. 153-178 Downloads
Rui Albuquerque, Vyacheslav Fos and Enrique Schroth
Intermediation in the interbank lending market pp. 179-207 Downloads
Ben Craig and Yiming Ma
The value of intermediation in the stock market pp. 208-233 Downloads
Marco Di Maggio, Mark Egan and Francesco Franzoni
Music sentiment and stock returns around the world pp. 234-254 Downloads
Alex Edmans, Adrian Fernandez-Perez, Alexandre Garel and Ivan Indriawan
Financial education affects financial knowledge and downstream behaviors pp. 255-272 Downloads
Tim Kaiser, Annamaria Lusardi, Lukas Menkhoff and Carly Urban
Asset pricing with return extrapolation pp. 273-295 Downloads
Lawrence J. Jin and Pengfei Sui
Sitting bucks: Stale pricing in fixed income funds pp. 296-317 Downloads
Jaewon Choi, Mathias Kronlund and Ji Yeol Jimmy Oh
Financing constraints, home equity and selection into entrepreneurship pp. 318-337 Downloads
Thais Laerkholm Jensen, Søren Leth-Petersen and Ramana Nanda
International asset pricing with strategic business groups1 pp. 339-361 Downloads
Massimo Massa, James O'Donovan and Hong Zhang
Leverage pp. 362-386 Downloads
Tano Santos and Pietro Veronesi
Short selling efficiency pp. 387-408 Downloads
Yong Chen, Zhi Da and Dayong Huang
What is CEO overconfidence? Evidence from executive assessments pp. 409-425 Downloads
Steven N. Kaplan, Morten Sørensen and Anastasia A. Zakolyukina
Listening in on investors’ thoughts and conversations pp. 426-444 Downloads
Hailiang Chen and Byoung-Hyoun Hwang
When the local newspaper leaves town: The effects of local newspaper closures on corporate misconduct pp. 445-463 Downloads
Jonas Heese, Gerardo Pérez-Cavazos and Caspar David Peter
Good for your fiscal health? The effect of the affordable care act on healthcare borrowing costs pp. 464-488 Downloads
Pengjie Gao, Chang Lee and Dermot Murphy
The effects of disclosure and enforcement on payday lending in Texas pp. 489-507 Downloads
Jialan Wang and Kathleen Burke
To pool or not to pool? Security design in OTC markets pp. 508-526 Downloads
Vincent Glode, Christian C. Opp and Ruslan Sverchkov
The big bang: Stock market capitalization in the long run pp. 527-552 Downloads
Dmitry Kuvshinov and Kaspar Zimmermann
Have risk premia vanished? pp. 553-576 Downloads
Simon C. Smith and Allan Timmermann
Financial factors and the propagation of the Great Depression pp. 577-594 Downloads
Gustavo Cortes, Bryan Taylor and Marc D. Weidenmier
Endogenous inattention and risk-specific price underreaction in corporate bonds pp. 595-615 Downloads
Jiacui Li
The democratization of investment research and the informativeness of retail investor trading pp. 616-641 Downloads
Michael Farrell, T. Clifton Green, Russell Jame and Stanimir Markov
Sustainable investing with ESG rating uncertainty pp. 642-664 Downloads
Doron Avramov, Si Cheng, Abraham Lioui and Andrea Tarelli

Volume 145, issue 1, 2022

Time-varying risk of nominal bonds: How important are macroeconomic shocks? pp. 1-28 Downloads
Andrey Ermolov
Investment slumps during financial crises: The real effects of credit supply pp. 29-44 Downloads
Alexandros Fakos, Plutarchos Sakellaris and Tiago Tavares
Recovering the FOMC risk premium pp. 45-68 Downloads
Hong Liu, Xiaoxiao Tang and Guofu Zhou
Bubbles and the value of innovation pp. 69-84 Downloads
Valentin Haddad, Paul Ho and Erik Loualiche
The pass-through of uncertainty shocks to households pp. 85-104 Downloads
Marco Di Maggio, Amir Kermani, Rodney Ramcharan, Vincent Yao and Edison Yu
Paying for beta: Leverage demand and asset management fees pp. 105-128 Downloads
Steffen Hitzemann, Stanislav Sokolinski and Mingzhu Tai
Multivariate crash risk pp. 129-153 Downloads
Fousseni Chabi-Yo, Markus Huggenberger and Florian Weigert
Market efficiency in the age of big data pp. 154-177 Downloads
Ian Martin and Stefan Nagel
Silence is safest: Information disclosure when the audience’s preferences are uncertain pp. 178-193 Downloads
Philip Bond and Yao Zeng
When Uncle Sam introduced Main Street to Wall Street: Liberty Bonds and the transformation of American finance pp. 194-216 Downloads
Eric Hilt, Matthew Jaremski and Wendy Rahn
Ripples into waves: Trade networks, economic activity, and asset prices pp. 217-238 Downloads
Chang, Jeffery (Jinfan), Huancheng Du, Dong Lou and Christopher Polk
A theory of financial media pp. 239-258 Downloads
Eitan Goldman, Jordan Martel and Jan Schneemeier
Cross-listings, antitakeover defenses, and the insulation hypothesis pp. 259-276 Downloads
Albert Tsang, Nan Yang and Lingyi Zheng
Ambiguity about volatility and investor behavior pp. 277-296 Downloads
Dimitrios Kostopoulos, Steffen Meyer and Charline Uhr
Regulatory transparency and the alignment of private and public enforcement: Evidence from the public disclosure of SEC comment letters pp. 297-321 Downloads
Amy Hutton, Susan Shu and Xin Zheng
Democracy and the pricing of initial public offerings around the world pp. 322-341 Downloads
Huu Nhan Duong, Abhinav Goyal, Vasileios Kallinterakis and Madhu Veeraraghavan

Volume 144, issue 3, 2022

It’s what you say and what you buy: A holistic evaluation of the corporate credit facilities pp. 695-731 Downloads
Nina Boyarchenko, Anna Kovner and Or Shachar
Validity, tightness, and forecasting power of risk premium bounds pp. 732-760 Downloads
Kerry Back, Kevin Crotty and Seyed Mohammad Kazempour
Does short-selling potential influence merger and acquisition payment choice? pp. 761-779 Downloads
Marie Dutordoir, Norman C. Strong and Ping Sun
Corporate flexibility in a time of crisis pp. 780-806 Downloads
John W. Barry, Murillo Campello, John R. Graham and Yueran Ma
Financing breakthroughs under failure risk pp. 807-848 Downloads
Simon Mayer
Signaling, instrumentation, and CFO decision-making pp. 849-863 Downloads
Christopher A. Hennessy and Gilles Chemla
Stock return ignorance pp. 864-884 Downloads
Yulia Merkoulova and Chris Veld
Is there a zero lower bound? The effects of negative policy rates on banks and firms pp. 885-907 Downloads
Carlo Altavilla, Lorenzo Burlon, Mariassunta Giannetti and Sarah Holton
Bank liquidity provision across the firm size distribution pp. 908-932 Downloads
Gabriel Chodorow-Reich, Olivier Darmouni, Stephan Luck and Matthew Plosser
Why does structural change accelerate in recessions? The credit reallocation channel pp. 933-952 Downloads
Cooper Howes
The “7% solution” and IPO (under)pricing pp. 953-971 Downloads
Walid Y. Busaba and Felipe Restrepo
Token-based platform finance pp. 972-991 Downloads
Lin William Cong, Ye Li and Neng Wang
How monetary policy shaped the housing boom pp. 992-1021 Downloads
Itamar Drechsler, Alexi Savov and Philipp Schnabl
Asset pricing on earnings announcement days pp. 1022-1042 Downloads
Kam Fong Chan and Terry Marsh

Volume 144, issue 2, 2022

Bitcoin’s limited adoption problem pp. 347-369 Downloads
Franz J. Hinzen, Kose John and Fahad Saleh
How much should we trust staggered difference-in-differences estimates? pp. 370-395 Downloads
Andrew C. Baker, David F. Larcker and Charles C.Y. Wang
Competition and manipulation in derivative contract markets pp. 396-413 Downloads
Anthony Lee Zhang
Social interactions and households’ flood insurance decisions pp. 414-432 Downloads
Zhongchen Hu
The Wall Street stampede: Exit as governance with interacting blockholders pp. 433-455 Downloads
Dragana Cvijanović, Amil Dasgupta and Konstantinos E. Zachariadis
Oil volatility risk pp. 456-491 Downloads
Lin Gao, Steffen Hitzemann, Ivan Shaliastovich and Lai Xu
Retail shareholder participation in the proxy process: Monitoring, engagement, and voting pp. 492-522 Downloads
Alon Brav, Matthew Cain and Jonathon Zytnick
Do the right firms survive bankruptcy? pp. 523-546 Downloads
Samuel Antill
Geographic clustering of institutional investors pp. 547-570 Downloads
Donghyun Kim, Qinghai Wang and Xiaoqiong Wang
Dominant currency debt pp. 571-589 Downloads
Egemen Eren and Semyon Malamud
Financially constrained mortgage servicers pp. 590-610 Downloads
Darren J. Aiello
Do real estate values boost corporate borrowing? Evidence from contract-level data pp. 611-644 Downloads
Murillo Campello, Robert Connolly, Gaurav Kankanhalli and Eva Steiner
Anticompetitive effects of horizontal acquisitions: The impact of within-industry product similarity pp. 645-669 Downloads
Maryam Fathollahi, Jarrad Harford and Sandy Klasa
The maturity premium pp. 670-694 Downloads
Maria Chaderina, Patrick Weiss and Josef Zechner

Volume 144, issue 1, 2022

Keeping options open: What motivates entrepreneurs? pp. 1-21 Downloads
Sylvain Catherine
Launching with a parachute: The gig economy and new business formation pp. 22-43 Downloads
John M. Barrios, Yael V. Hochberg and Hanyi Yi
Beyond the target: M&A decisions and rival ownership pp. 44-66 Downloads
Miguel Antón, José Azar, Mireia Gine and Luca X. Lin
Student debt and default: The role of for-profit colleges pp. 67-92 Downloads
Luis Armona, Rajashri Chakrabarti and Michael Lovenheim
Collateral and asymmetric information in lending markets pp. 93-121 Downloads
Vasso Ioannidou, Nicola Pavanini and Yushi Peng
The rise of dual-class stock IPOs pp. 122-153 Downloads
Dhruv Aggarwal, Ofer Eldar, Yael V. Hochberg and Lubomir P. Litov
Dissecting currency momentum pp. 154-173 Downloads
Shaojun Zhang
Pricing of index options in incomplete markets pp. 174-205 Downloads
Caio Almeida and Gustavo Freire
IPO peer effects pp. 206-226 Downloads
Cyrus Aghamolla and Richard Thakor
Realized semibetas: Disentangling “good” and “bad” downside risks pp. 227-246 Downloads
Tim Bollerslev, Andrew J. Patton and Rogier Quaedvlieg
Network effects in corporate financial policies pp. 247-272 Downloads
William Grieser, Charles Hadlock, James LeSage and Morad Zekhnini
A picture is worth a thousand words: Measuring investor sentiment by combining machine learning and photos from news pp. 273-297 Downloads
Khaled Obaid and Kuntara Pukthuanthong
Foreign investment of US multinationals: The effect of tax policy and agency conflicts pp. 298-327 Downloads
James F. Albertus, Brent Glover and Oliver Levine
Issuance overpricing of China's corporate debt securities pp. 328-346 Downloads
Yi Ding, Wei Xiong and Jinfan Zhang
Page updated 2022-08-08