Journal of Financial Economics

1974 - 2025

Current editor(s): G. William Schwert

From Elsevier
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Volume 132, issue 3, 2019

Should retail investors’ leverage be limited? pp. 1-21

Rawley Heimer and Alp Simsek

Information and trading targets in a dynamic market equilibrium pp. 22-49

Jin Hyuk Choi, Kasper Larsen and Duane J. Seppi

Gold, platinum, and expected stock returns pp. 50-75

Darien Huang and Mete Kilic

Technological links and predictable returns pp. 76-96

Charles Lee, Stephen Teng Sun, Rongfei Wang and Ran Zhang

Once bitten, twice shy: The power of personal experiences in risk taking pp. 97-117

Steffen Andersen, Tobin Hanspal and Kasper Meisner Nielsen

Policy externalities and banking integration pp. 118-139

Michael Smolyansky

New goods and asset prices pp. 140-157

Paul Scanlon

The liquidity cost of private equity investments: Evidence from secondary market transactions pp. 158-181

Taylor D. Nadauld, Berk A. Sensoy, Keith Vorkink and Michael Weisbach

Should investors learn about the timing of equity risk? pp. 182-204

Michael Hasler, Mariana Khapko and Roberto Marfe

Government debt and the returns to innovation pp. 205-225

M.M. Croce, Thien T. Nguyen, S. Raymond and L. Schmid

How valuable are independent directors? Evidence from external distractions pp. 226-256

Ronald Masulis and Emma Jincheng Zhang

Volume 132, issue 2, 2019

Do private equity funds manipulate reported returns? pp. 267-297

Gregory W. Brown, Oleg R. Gredil and Steven Kaplan

Entry and competition in takeover auctions pp. 298-324

Matthew Gentry and Caleb Stroup

An anatomy of the market return pp. 325-350

Paul Schneider

Liquidity standards and the value of an informed lender of last resort pp. 351-368

Joao Santos and Javier Suarez

Attention allocation and return co-movement: Evidence from repeated natural experiments pp. 369-383

Shiyang Huang, Yulin Huang and Tse-Chun Lin

Capital flows and sovereign debt markets: Evidence from index rebalancings pp. 384-403

Lorenzo Pandolfi and Tomas Williams

Municipal borrowing costs and state policies for distressed municipalities pp. 404-426

Pengjie Gao, Chang Lee and Dermot Murphy

Mood, firm behavior, and aggregate economic outcomes pp. 427-450

Vidhi Chhaochharia, Dasol Kim, George M. Korniotis and Alok Kumar

Too good to be true? Fallacies in evaluating risk factor models pp. 451-471

Nikolay Gospodinov, Raymond Kan and Cesare Robotti

Financing intangible capital pp. 472-496

Qi Sun and Mindy Xiaolan

The cross-section of labor leverage and equity returns pp. 497-518

Andres Donangelo, Francois Gourio, Matthias Kehrig and Miguel Palacios

Liquidity, innovation, and endogenous growth pp. 519-541

Semyon Malamud and Francesca Zucchi

Volume 132, issue 1, 2019

Are lemons sold first? Dynamic signaling in the mortgage market pp. 1-25

Manuel Adelino, Kristopher Gerardi and Barney Hartman-Glaser

Indexing and stock market serial dependence around the world pp. 26-48

Guido Baltussen, Sjoerd van Bekkum and Zhi Da

Industry familiarity and trading: Evidence from the personal portfolios of industry insiders pp. 49-75

Itzhak Ben-David, Justin Birru and Andrea Rossi

Dynamic corporate liquidity pp. 76-102

Boris Nikolov, Lukas Schmid and Roberto Steri

Preference for dividends and return comovement pp. 103-125

Allaudeen Hameed and Jing Xie

Manager sentiment and stock returns pp. 126-149

Fuwei Jiang, Joshua Lee, Xiumin Martin and Guofu Zhou

Variance risk in aggregate stock returns and time-varying return predictability pp. 150-174

Sungjune Pyun

Acquirer reference prices and acquisition performance pp. 175-199

Qingzhong Ma, David A. Whidbee and Wei Zhang

What a difference a (birth) month makes: The relative age effect and fund manager performance pp. 200-221

Bai, John (Jianqiu), Linlin Ma, Kevin A. Mullally and David H. Solomon

Probability of price crashes, rational speculative bubbles, and the cross-section of stock returns pp. 222-247

Jeewon Jang and Jangkoo Kang

The present value relation over six centuries: The case of the Bazacle company pp. 248-265

David le Bris, William Goetzmann and Sébastien Pouget

Volume 131, issue 3, 2019

Should Long-Term Investors Time Volatility? pp. 507-527

Alan Moreira and Tyler Muir

Minimum payments and debt paydown in consumer credit cards pp. 528-548

Benjamin Keys and Jialan Wang

Dividend payments as a response to peer influence pp. 549-570

Jillian Grennan

Securitized markets, international capital flows, and global welfare pp. 571-592

Gregory Phelan and Alexis Akira Toda

Inferring volatility dynamics and risk premia from the S&P 500 and VIX markets pp. 593-618

Chris Bardgett, Elise Gourier and Markus Leippold

Common risk factors in the cross-section of corporate bond returns pp. 619-642

Jennie Bai, Turan G. Bali and Quan Wen

Private information in currency markets pp. 643-665

Alexander Michaelides, Andreas Milidonis and George Nishiotis

Do idiosyncratic jumps matter? pp. 666-692

Nishad Kapadia and Morad Zekhnini

Do institutional investors drive corporate social responsibility? International evidence pp. 693-714

Alexander Dyck, Karl Lins, Lukas Roth and Hannes Wagner

A trade-off theory of ownership and capital structure pp. 715-735

Giovanna Nicodano and Luca Regis

Bear beta pp. 736-760

Zhongjin Lu and Scott Murray

Volume 131, issue 2, 2019

Regulating a model pp. 251-268

Yaron Leitner and Bilge Yilmaz

The CAPM strikes back? An equilibrium model with disasters pp. 269-298

Hang Bai, Kewei Hou, Howard Kung, Erica X.N. Li and Lu Zhang

Collateralizing liquidity pp. 299-322

Cecilia Parlatore

Inferring latent social networks from stock holdings pp. 323-344

Harrison Hong and Jiangmin Xu

Who benefits in a crisis? Evidence from hedge fund stock and option holdings pp. 345-361

George O. Aragon, J. Spencer Martin and Zhen Shi

The profitability and investment premium: Pre-1963 evidence pp. 362-377

Sunil Wahal

How effective are trading pauses? pp. 378-403

Nikolaus Hautsch and Akos Horvath

Mark Twain’s Cat: Investment experience, categorical thinking, and stock selection pp. 404-432

Xing Huang

The impact of jumps on carry trade returns pp. 433-455

Suzanne S. Lee and Minho Wang

Firms’ innovation strategy under the shadow of analyst coverage pp. 456-483

Bing Guo, David Perez-Castrillo and Anna Toldrà-Simats

Trade credit and supplier competition pp. 484-505

Jiri Chod, Evgeny Lyandres and S. Alex Yang

Volume 131, issue 1, 2019

The rise in student loan defaults pp. 1-19

Holger M. Mueller and Constantine Yannelis

Bubbles for Fama pp. 20-43

Robin Greenwood, Andrei Shleifer and Yang You

Public hedge funds pp. 44-60

Lin Sun and Melvyn Teo

Pay now or pay later? The economics within the private equity partnership pp. 61-87

Victoria Ivashina and Josh Lerner

How do valuations impact outcomes of asset sales with heterogeneous bidders? pp. 88-117

Alexander S. Gorbenko

Good disclosure, bad disclosure pp. 118-138

Itay Goldstein and Liyan Yang

Institutional herding and its price impact: Evidence from the corporate bond market pp. 139-167

Fang Cai, Song Han, Dan Li and Yi Li

The use of credit default swaps by bond mutual funds: Liquidity provision and counterparty risk pp. 168-185

George O. Aragon, Lei Li and Qian, Jun ‘qj’

The leverage effect and the basket-index put spread pp. 186-205

Jennie Bai, Robert S. Goldstein and Fan Yang

Do insiders time management buyouts and freezeouts to buy undervalued targets? pp. 206-231

Jarrad Harford, Jared Stanfield and Feng Zhang

The value of access to finance: Evidence from M&As pp. 232-250

Jess Cornaggia and Jay Yin Li