Journal of Financial Economics

1974 - 2025

Current editor(s): G. William Schwert

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

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Uncertainty about what is in the price: Joel Peress and Daniel Schmidt
Efficient estimation of bid–ask spreads from open, high, low, and close prices: David Ardia, Emanuele Guidotti and Tim A. Kroencke
Modeling volatility in dynamic term structure models: Hitesh Doshi, Kris Jacobs and Rui Liu
The risk and return of impact investing funds: Jessica Jeffers, Tianshu Lyu and Kelly Posenau
Systemic bank runs without aggregate risk: How a misallocation of liquidity may trigger a solvency crisis: Lukas Altermatt, Hugo van Buggenum and Lukas Voellmy
Monetary policy and fragility in corporate bond mutual funds: John Chi-Fong Kuong, O’Donovan, James and Jinyuan Zhang
The risk and return of equity and credit index options: Hitesh Doshi, Jan Ericsson, Mathieu Fournier and Sang Byung Seo

Block trade contracting: Markus Baldauf, Christoph Frei and Joshua Mollner
Inflation and Disintermediation: Isha Agarwal and Matthew Baron
From Man vs. Machine to Man + Machine: The art and AI of stock analyses: Sean Cao, Wei Jiang, Junbo Wang and Baozhong Yang
Racial disparities in the Paycheck Protection Program: Sergey Chernenko and David Scharfstein
The cross-border effects of bank capital regulation: Saleem Bahaj and Frederic Malherbe
Disclosing and cooling-off: An analysis of insider trading rules: Jun Deng, Huifeng Pan, Hongjun Yan and Liyan Yang
The credit supply channel of monetary policy tightening and its distributional impacts: Joshua Bosshardt, Marco Di Maggio, Ali Kakhbod and Amir Kermani

Concealed carry: Spencer Andrews, Riccardo Colacito, Mariano M. Croce and Federico Gavazzoni
Financial market concentration and misallocation: Daniel Neuhann and Michael Sockin
The short-termism trap: Catering to informed investors with limited horizons: James Dow, Jungsuk Han and Francesco Sangiorgi
Importance of transaction costs for asset allocation in foreign exchange markets: Ilias Filippou, Thomas A. Maurer, Luca Pezzo and Mark Taylor
The reserve supply channel of unconventional monetary policy: William Diamond, Zhengyang Jiang and Yiming Ma
The effects of policy interventions to limit illegal money lending: Kaiwen Leong, Huailu Li, Nicola Pavanini and Christoph Walsh
Are cryptos different? Evidence from retail trading: Shimon Kogan, Igor Makarov, Marina Niessner and Antoinette Schoar
Borrow now, pay even later: A quantitative analysis of student debt payment plans: Michael Boutros, Nuno Clara and Francisco Gomes
Monetary tightening and U.S. bank fragility in 2023: Mark-to-market losses and uninsured depositor runs?: Erica Xuewei Jiang, Gregor Matvos, Tomasz Piskorski and Amit Seru
High-frequency trading in the stock market and the costs of options market making: Mahendrarajah Nimalendran, Khaladdin Rzayev and Satchit Sagade

The social signal: J. Anthony Cookson, Runjing Lu, William Mullins and Marina Niessner
The death of a regulator: Strict supervision, bank lending, and business activity: João Granja and Christian Leuz
Discrimination in the payments chain: Anna Costello, Michael Minnis and Irina Rabinovich
Intermediation frictions in debt relief: Evidence from CARES Act forbearance: You Suk Kim, Donghoon Lee, Tess Scharlemann and James Vickery
Refinancing cross-subsidies in the mortgage market: Jack Fisher, Alessandro Gavazza, Lu Liu, Tarun Ramadorai and Jagdish Tripathy
How do Treasury dealers manage their positions?: Michael Fleming, Giang Nguyen and Joshua Rosenberg

Tiny trades, big questions: Fractional shares: Robert P. Bartlett, Justin McCrary and Maureen O'Hara
When the markets get CO.V.I.D: COntagion, Viruses, and Information Diffusion: Maria Jose Arteaga-Garavito, Mariano M. Croce, Paolo Farroni and Isabella Wolfskeil
Debtor income manipulation in consumer credit contracts: Vyacheslav Mikhed, Sahil Raina, Barry Scholnick and Man Zhang
Associative memory, beliefs and market interactions: Benjamin Enke, Frederik Schwerter and Florian Zimmermann
Financial constraints, cash flow timing patterns, and asset prices: Weiping Hu, Kai Li and Xiao Zhang
Intermediary-based equity term structure: Kai Li and Chenjie Xu
Regulatory arbitrage or random errors? Implications of race prediction algorithms in fair lending analysis: Daniel L. Greenwald, Sabrina T. Howell, Cangyuan Li and Emmanuel Yimfor
Crowdsourcing peer information to change spending behavior: D’Acunto, Francesco, Alberto G. Rossi and Michael Weber
When failure is an option: Fragile liquidity in over-the-counter markets: Terrence Hendershott, Dan Li, Dmitry Livdan and Norman Schürhoff
The passive ownership share is double what you think it is: Alex Chinco and Marco Sammon
Real effects of supplying safe private money: Chenzi Xu and He Yang
The diversification and welfare effects of robo-advising: Alberto G. Rossi and Stephen Utkus

Consumption smoothing or consumption binging? The effects of government-led consumer credit expansion in Brazil: Gabriel Garber, Atif Mian, Jacopo Ponticelli and Amir Sufi
Shattered housing: Jonas Happel, Yigitcan Karabulut, Larissa Schäfer and Şelale Tüzel
Measuring macroeconomic tail risk: Roberto Marfè and Julien Penasse
Portfolio pumping in mutual fund families: Pingle Wang
Ambiguity and private investors’ behavior after forced fund liquidations: Steffen Meyer and Charline Uhr
Gradual information diffusion across commonly owned firms: Jie Ying
Financial inclusion, economic development, and inequality: Evidence from Brazil: Julia Fonseca and Adrien Matray

Production complementarity and information transmission across industries: Charles Lee, Terrence Tianshuo Shi, Stephen Teng Sun and Ran Zhang
The governance of director compensation: Lily Fang and Sterling Huang
Missing values handling for machine learning portfolios: Andrew Y. Chen and Jack McCoy
Political polarization in financial news: Eitan Goldman, Nandini Gupta and Ryan Israelsen
The effect of female leadership on contracting from Capitol Hill to Main Street: Jonathan Brogaard, Nataliya Gerasimova and Maximilian Rohrer
Price ceilings, market structure, and payout policies: Xiongshi Li, Mao Ye and Miles Zheng
Aggregate lapsation risk: Ralph S.J. Koijen, Hae Kang Lee and Stijn Van Nieuwerburgh
Robo advisors and access to wealth management: Michael Reher and Stanislav Sokolinski
Trade credit and the stability of supply chains: Nuri Ersahin, Mariassunta Giannetti and Ruidi Huang
Sustainability or performance? Ratings and fund managers’ incentives: Nickolay Gantchev, Mariassunta Giannetti and Rachel Li
The timing of voluntary delisting: Alcino Azevedo, Gonul Colak, Izidin El Kalak and Radu Tunaru
The pricing of U.S. Treasury floating rate notes: Jonathan S. Hartley and Urban Jermann
In-sample and out-of-sample Sharpe ratios of multi-factor asset pricing models: Raymond Kan, Xiaolu Wang and Xinghua Zheng