Journal of Financial Economics

1974 - 2025

Current editor(s): G. William Schwert

From Elsevier
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Volume 124, issue 3, 2017

Changes in corporate effective tax rates over the past 25 years pp. 441-463

Scott D. Dyreng, Michelle Hanlon, Edward L. Maydew and Jacob R. Thornock

Do takeover laws matter? Evidence from five decades of hostile takeovers pp. 464-485

Matthew D. Cain, Stephen B. McKeon and Steven Davidoff Solomon

Stock liquidity and default risk pp. 486-502

Jonathan Brogaard, Dan Li and Ying Xia

Shades of darkness: A pecking order of trading venues pp. 503-534

Albert Menkveld, Bart Zhou Yueshen and Haoxiang Zhu

Skill and luck in private equity performance pp. 535-562

Arthur Korteweg and Morten Sorensen

Political uncertainty and investment: Causal evidence from U.S. gubernatorial elections pp. 563-579

Candace E. Jens

The effects of removing barriers to equity issuance pp. 580-598

Matthew T. Gustafson and Peter Iliev

Debt maturity and the liquidity of secondary debt markets pp. 599-613

Max Bruche and Anatoli Segura

Investment banking relationships and analyst affiliation bias: The impact of the global settlement on sanctioned and non-sanctioned banks pp. 614-631

Shane A. Corwin, Stephannie A. Larocque and Mike A. Stegemoller

Large shareholders and credit ratings pp. 632-653

Simi Kedia, Shivaram Rajgopal and Zhou, Xing (Alex)

Volume 124, issue 2, 2017

Financial dependence and innovation: The case of public versus private firms pp. 223-243

Viral Acharya and Zhaoxia Xu

Dark pool trading strategies, market quality and welfare pp. 244-265

Sabrina Buti, Barbara Rindi and Ingrid M. Werner

The value of trading relations in turbulent times pp. 266-284

Marco Di Maggio, Amir Kermani and Zhaogang Song

Do exogenous changes in passive institutional ownership affect corporate governance and firm value? pp. 285-306

Cornelius Schmidt and Ruediger Fahlenbrach

Compensation goals and firm performance pp. 307-330

Benjamin Bennett, J. Carr Bettis, Radhakrishnan Gopalan and Todd Milbourn

Uncovering expected returns: Information in analyst coverage proxies pp. 331-348

Charles Lee and Eric C. So

Socioeconomic status and learning from financial information pp. 349-372

Camelia Kuhnen and Andrei C. Miu

It pays to write well pp. 373-394

Byoung-Hyoun Hwang and Hugh Hoikwang Kim

Credit default swaps, exacting creditors and corporate liquidity management pp. 395-414

Marti G. Subrahmanyam, Dragon Yongjun Tang and Sarah Qian Wang

Variance risk premiums and the forward premium puzzle pp. 415-440

Juan M. Londono and Hao Zhou

Volume 124, issue 1, 2017

The term structure of returns: Facts and theory pp. 1-21

Jules van Binsbergen and Ralph S.J. Koijen

High frequency trading and the 2008 short-sale ban pp. 22-42

Jonathan Brogaard, Terrence Hendershott and Ryan Riordan

Information Shocks and Short-Term Market Underreaction pp. 43-64

George J. Jiang and Kevin X. Zhu

Risk, ambiguity, and the exercise of employee stock options pp. 65-85

Yehuda Izhakian and David Yermack

Who is internationally diversified? Evidence from the 401(k) plans of 296 firms pp. 86-112

Geert Bekaert, Kenton Hoyem, Wei-Yin Hu and Enrichetta Ravina

Efficiency and stability of a financial architecture with too-interconnected-to-fail institutions pp. 113-146

Michael Gofman

The term structure of credit spreads, firm fundamentals, and expected stock returns pp. 147-171

Bing Han, Avanidhar Subrahmanyam and Yi Zhou

Interim fund performance and fundraising in private equity pp. 172-194

Brad Barber and Ayako Yasuda

Do corporate taxes hinder innovation? pp. 195-221

Abhiroop Mukherjee, Manpreet Singh and Alminas Zaldokas

Volume 123, issue 3, 2017

International tests of a five-factor asset pricing model pp. 441-463

Eugene F. Fama and Kenneth French

The U.S. listing gap pp. 464-487

Craig Doidge, G. Andrew Karolyi and René Stulz

The effect of director experience on acquisition performance pp. 488-511

Laura Casares Field and Anahit Mkrtchyan

Explaining CEO retention in misreporting firms pp. 512-535

Messod D. Beneish, Cassandra Marshall and Jun Yang

Independent boards and innovation pp. 536-557

Benjamin Balsmeier, Lee Fleming and Gustavo Manso

Why do loans contain covenants? Evidence from lending relationships pp. 558-579

Robert Prilmeier

Diversification and cash dynamics pp. 580-601

Tor-Erik Bakke and Tiantian Gu

Limited disclosure and hidden orders in asset markets pp. 602-616

Cyril Monnet and Erwan Quintin

Information percolation, momentum and reversal pp. 617-645

Daniel Andrei and Julien Cujean

Well-connected short-sellers pay lower loan fees: A market-wide analysis pp. 646-670

Fernando Chague, Rodrigo De-Losso, Alan De Genaro and Bruno Giovannetti

Volume 123, issue 2, 2017

The price of variance risk pp. 225-250

Ian Dew-Becker, Stefano Giglio, Anh Le and Marius Rodriguez

Intangible capital and the investment-q relation pp. 251-272

Ryan Peters and Lucian A. Taylor

How persistent is private equity performance? Evidence from deal-level data pp. 273-291

Reiner Braun, Tim Jenkinson and Ingo Stoff

Leverage and strategic preemption: Lessons from entry plans and incumbent investments pp. 292-312

J. Anthony Cookson

The impact of firm prestige on executive compensation pp. 313-336

Florens Focke, Ernst Maug and Alexandra Niessen-Ruenzi

WSJ Category Kings – The impact of media attention on consumer and mutual fund investment decisions pp. 337-356

Ron Kaniel and Robert Parham

The effect of asymmetric information on product market outcomes pp. 357-376

Matthew T. Billett, Jon A. Garfinkel and Miaomiao Yu

Customer–supplier relationships and corporate tax avoidance pp. 377-394

Ling Cen, Edward L. Maydew, Liandong Zhang and Luo Zuo

Reference-dependent preferences and the risk–return trade-off pp. 395-414

Huijun Wang, Jinghua Yan and Jianfeng Yu

Information disclosure, firm growth, and the cost of capital pp. 415-431

Sunil Dutta and Alexander Nezlobin

Do staggered boards harm shareholders? pp. 432-439

Yakov Amihud and Stoyan Stoyanov

Volume 123, issue 1, 2017

Growth through rigidity: An explanation for the rise in CEO pay pp. 1-21

Kelly Shue and Richard R. Townsend

Debt enforcement, investment, and risk taking across countries pp. 22-41

Giovanni Favara, Erwan Morellec, Enrique Schroth and Philip Valta

Systematic mistakes in the mortgage market and lack of financial sophistication pp. 42-58

Sumit Agarwal, Itzhak Ben-David and Vincent Yao

The unintended consequences of the zero lower bound policy pp. 59-80

Marco Di Maggio and Marcin Kacperczyk

Dealer financial conditions and lender-of-last-resort facilities pp. 81-107

Viral Acharya, Michael Fleming, Warren B. Hrung and Asani Sarkar

Customer concentration and loan contract terms pp. 108-136

Murillo Campello and Janet Gao

News implied volatility and disaster concerns pp. 137-162

Asaf Manela and Alan Moreira

How collateral laws shape lending and sectoral activity pp. 163-188

Charles W. Calomiris, Mauricio Larrain, José Liberti and Jason Sturgess

Portfolio concentration and performance of institutional investors worldwide pp. 189-208

Nicole Choi, Mark Fedenia, Hilla Skiba and Tatyana Sokolyk

Pilot CEOs and corporate innovation pp. 209-224

Jayanthi Sunder, Shyam V. Sunder and Jingjing Zhang