Journal of Financial Economics

1974 - 2025

Current editor(s): G. William Schwert

From Elsevier
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Volume 134, issue 3, 2019

Characteristics are covariances: A unified model of risk and return pp. 501-524

Bryan T. Kelly, Seth Pruitt and Yinan Su

Stunted firms: The long-term impacts of colonial taxation pp. 525-548

Gabriel Natividad

A large-scale approach for evaluating asset pricing models pp. 549-569

Laurent Barras

What’s in a (school) name? Racial discrimination in higher education bond markets pp. 570-590

Casey Dougal, Pengjie Gao, William J. Mayew and Christopher A. Parsons

Growing up without finance pp. 591-616

James Brown, J. Anthony Cookson and Rawley Z. Heimer

Time-varying ambiguity, credit spreads, and the levered equity premium pp. 617-646

Zhan Shi

Counterparty credit risk and derivatives pricing pp. 647-668

Gang Li and Chu Zhang

Mutual fund board connections and proxy voting pp. 669-688

Paul Calluzzo and Simi Kedia

Notes on the yield curve pp. 689-702

Ian Martin and Stephen Ross

Effects of separating commercial and investment banking: Evidence from the dissolution of a joint venture investment bank pp. 703-714

Fumio Akiyoshi

Do real estate agents have information advantages in housing markets? pp. 715-735

Sumit Agarwal, Jia He, Tien Foo Sing and Changcheng Song

Expectation and duration at the effective lower bound pp. 736-760

Thomas King

Volume 134, issue 2, 2019

Disaster on the horizon: The price effect of sea level rise pp. 253-272

Asaf Bernstein, Matthew T. Gustafson and Ryan Lewis

Cross-sectional alpha dispersion and performance evaluation pp. 273-296

Campbell R. Harvey and Yan Liu

Shareholder bargaining power and the emergence of empty creditors pp. 297-317

Stefano Colonnello, Matthias Efing and Francesca Zucchi

The effects of uncertainty on market liquidity: Evidence from Hurricane Sandy pp. 318-332

Dominik Rehse, Ryan Riordan, Nico Rottke and Joachim Zietz

Does skin-in-the-game affect security performance? pp. 333-354

Adam B Ashcraft, Kunal Gooriah and Amir Kermani

Costs and benefits of financial conglomerate affiliation: Evidence from hedge funds pp. 355-380

Francesco Franzoni and Mariassunta Giannetti

High frequency trading and comovement in financial markets pp. 381-399

Laura Malceniece, Kārlis Malcenieks and Talis Putnins

Internalizing governance externalities: The role of institutional cross-ownership pp. 400-418

He, Jie (Jack), Jiekun Huang and Shan Zhao

The relevance of broker networks for information diffusion in the stock market pp. 419-446

Marco Di Maggio, Francesco Franzoni, Amir Kermani and Carlo Sommavilla

Channels of US monetary policy spillovers to international bond markets pp. 447-473

Elias Albagli, Luis Ceballos, Sebastian Claro and Damian Romero

Credit default swaps and corporate innovation pp. 474-500

Xin Chang, Yangyang Chen, Sarah Qian Wang, Kuo Zhang and Wenrui Zhang

Volume 134, issue 1, 2019

Option prices and costly short-selling pp. 1-28

Adem Atmaz and Suleyman Basak

Average skewness matters pp. 29-47

Eric Jondeau, Qunzi Zhang and Xiaoneng Zhu

Size and value in China pp. 48-69

Jianan Liu, Robert Stambaugh and Yu Yuan

The value of collateral in trade finance pp. 70-90

Anna Costello

From mining to markets: The evolution of bitcoin transaction fees pp. 91-109

David Easley, Maureen O'Hara and Soumya Basu

A tale of two volatilities: Sectoral uncertainty, growth, and asset prices pp. 110-140

Gill Segal

Inverted fee structures, tick size, and market quality pp. 141-164

Carole Comerton-Forde, Vincent Grégoire and Zhuo Zhong

An asset pricing approach to testing general term structure models pp. 165-191

Bent Jesper Christensen and Michel van der Wel

A tug of war: Overnight versus intraday expected returns pp. 192-213

Dong Lou, Christopher Polk and Spyros Skouras

Property rights institutions, foreign investment, and the valuation of multinational firms pp. 214-235

Leming Lin, Atanas Mihov, Leandro Sanz and Detelina Stoyanova

Crowdsourced employer reviews and stock returns pp. 236-251

T. Clifton Green, Ruoyan Huang, Quan Wen and Dexin Zhou

Volume 133, issue 3, 2019

JFE special issue on labor and finance pp. 539-540

Toni Whited

Financial frictions and employment during the Great Depression pp. 541-563

Efraim Benmelech, Carola Frydman and Dimitris Papanikolaou

Financing intangible capital pp. 564-588

Qi Sun and Mindy Xiaolan

Firing the wrong workers: Financing constraints and labor misallocation pp. 589-607

Andrea Caggese, Vicente Cuñat and Daniel Metzger

Bankruptcy spillovers pp. 608-633

Shai Bernstein, Emanuele Colonnelli, Xavier Giroud and Benjamin Iverson

Private equity and human capital risk pp. 634-657

Manfred Antoni, Ernst Maug and Stefan Obernberger

Drivers of effort: Evidence from employee absenteeism pp. 658-684

Morten Bennedsen, Margarita Tsoutsoura and Daniel Wolfenzon

Corporate leverage and employees’ rights in bankruptcy pp. 685-707

Andrew Ellul and Marco Pagano

Patent trolls and startup employment pp. 708-725

Ian Appel, Joan Farre-Mensa and Elena Simintzi

Do labor markets discipline? Evidence from RMBS bankers pp. 726-750

John M. Griffin, Samuel Kruger and Gonzalo Maturana

Selection versus talent effects on firm value pp. 751-763

Briana Chang and Harrison Hong

Volume 133, issue 2, 2019

AAA pp. vi-vi

Clifford W. Smith

Why did the q theory of investment start working? pp. 251-272

Daniel Andrei, William Mann and Nathalie Moyen

Empirical tests of asset pricing models with individual assets: Resolving the errors-in-variables bias in risk premium estimation pp. 273-298

Narasimhan Jegadeesh, Joonki Noh, Kuntara Pukthuanthong, Richard Roll and Junbo Wang

How news and its context drive risk and returns around the world pp. 299-336

Charles W. Calomiris and Harry Mamaysky

Government debt and corporate leverage: International evidence pp. 337-356

Irem Demirci, Jennifer Huang and Clemens Sialm

A capital structure channel of monetary policy pp. 357-378

Benjamin Grosse-Rueschkamp, Sascha Steffen and Daniel Streitz

The effect of bank monitoring on public bond terms pp. 379-396

Zhiming Ma, Derrald Stice and Christopher Williams

Volatility and the cross-section of corporate bond returns pp. 397-417

Kee H. Chung, Junbo Wang and Chunchi Wu

Do firms hedge with foreign currency derivatives for employees? pp. 418-440

Pinghsun Huang, Hsin-Yi Huang and Yan Zhang

The role of executive cash bonuses in providing individual and team incentives pp. 441-471

Wayne R. Guay, John D. Kepler and David Tsui

The cash conversion cycle spread pp. 472-497

Baolian Wang

Does social capital mitigate agency problems? Evidence from Chief Executive Officer (CEO) compensation pp. 498-519

Hoi, Chun Keung(Stan), Qiang Wu and Hao Zhang

Interconnectedness in the interbank market pp. 520-538

Celso Brunetti, Jeffrey Harris, Shawn Mankad and George Michailidis

Volume 133, issue 1, 2019

Corporate control activism pp. 1-17

Adrian Aycan Corum and Doron Levit

Entrusted loans: A close look at China's shadow banking system pp. 18-41

Franklin Allen, Yiming Qian, Guoqian Tu and Frank Yu

Liquidity windfalls: The consequences of repo rehypothecation pp. 42-63

Sebastian Infante

Do firms issue more equity when markets become more liquid? pp. 64-82

Rogier M. Hanselaar, René Stulz and Mathijs van Dijk

Decision fatigue and heuristic analyst forecasts pp. 83-98

David Hirshleifer, Yaron Levi, Ben Lourie and Siew Hong Teoh

The information sensitivity of debt in good and bad times pp. 99-112

Emanuele Brancati and Marco Macchiavelli

Transparency and dealer networks: Evidence from the initiation of post-trade reporting in the mortgage backed security market pp. 113-133

Paul Schultz and Zhaogang Song

The power of shareholder votes: Evidence from uncontested director elections pp. 134-153

Reena Aggarwal, Sandeep Dahiya and Nagpurnanand R. Prabhala

Generalized recovery pp. 154-174

Christian Skov Jensen, David Lando and Lasse Pedersen

Institutional investor cliques and governance pp. 175-197

Alan D. Crane, Andrew Koch and Sébastien Michenaud

Optimal capital structure and bankruptcy choice: Dynamic bargaining versus liquidation pp. 198-224

Samuel Antill and Steven R. Grenadier

In search of preference shock risks: Evidence from longevity risks and momentum profits pp. 225-249

Zhanhui Chen and Bowen Yang