Journal of Financial Economics

1974 - 2025

Current editor(s): G. William Schwert

From Elsevier
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Volume 120, issue 3, 2016

Why do firms use high discount rates? pp. 445-463

Ravi Jagannathan, David A. Matsa, Iwan Meier and Vefa Tarhan

Roughing up beta: Continuous versus discontinuous betas and the cross section of expected stock returns pp. 464-490

Tim Bollerslev, Sophia Zhengzi Li and Viktor Todorov

The leverage externalities of credit default swaps pp. 491-513

Jay Yin Li and Dragon Yongjun Tang

Does rating analyst subjectivity affect corporate debt pricing? pp. 514-538

Cesare Fracassi, Stefan Petry and Geoffrey Tate

Indexing and active fund management: International evidence pp. 539-560

Martijn Cremers, Miguel Ferreira, Pedro Matos and Laura Starks

The commitment problem of secured lending pp. 561-584

Daniela Fabbri and Anna Maria Menichini

Taxes and bank capital structure pp. 585-600

Glenn Schepens

Why does the option to stock volume ratio predict stock returns? pp. 601-622

Li Ge, Tse-Chun Lin and Neil D. Pearson

The causal effect of option pay on corporate risk management pp. 623-643

Tor-Erik Bakke, Hamed Mahmudi, Chitru S. Fernando and Jesus M. Salas

The value of a good credit reputation: Evidence from credit card renegotiations pp. 644-660

Andres Liberman

Volume 120, issue 2, 2016

Rethinking reversals pp. 211-228

Timothy C. Johnson

Local financial capacity and asset values: Evidence from bank failures pp. 229-251

Raghuram Rajan and Rodney Ramcharan

Shareholder nonparticipation in valuable rights offerings: New findings for an old puzzle pp. 252-268

Clifford G. Holderness and Jeffrey Pontiff

Discerning information from trade data pp. 269-285

David Easley, Marcos Lopez de Prado and Maureen O'Hara

Adverse selection, slow-moving capital, and misallocation pp. 286-308

William Fuchs, Brett Green and Dimitris Papanikolaou

Asset allocation and monetary policy: Evidence from the eurozone pp. 309-329

Harald Hau and Sandy Lai

Time-to-produce, inventory, and asset prices pp. 330-345

Zhanhui Chen

Does the geographic expansion of banks reduce risk? pp. 346-362

Martin Goetz, Luc Laeven and Ross Levine

Bankruptcy law and bank financing pp. 363-382

Giacomo Rodano, Nicolas Serrano-Velarde and Emanuele Tarantino

Underwriter deal pipeline and the pricing of IPOs pp. 383-399

Kevin K. Boeh and Craig Dunbar

Revolving doors on Wall Street pp. 400-419

Jess Cornaggia, Kimberly J. Cornaggia and Han Xia

Sentiments, financial markets, and macroeconomic fluctuations pp. 420-443

Jess Benhabib, Xuewen Liu and Pengfei Wang

Volume 120, issue 1, 2016

Analyzing volatility risk and risk premium in option contracts: A new theory pp. 1-20

Peter Carr and Liuren Wu

Volatility risk premia and exchange rate predictability pp. 21-40

Pasquale Della Corte, Tarun Ramadorai and Lucio Sarno

The expected returns and valuations of private and public firms pp. 41-57

Ilan Cooper and Richard Priestley

Dual ownership, returns, and voting in mergers pp. 58-80

Andriy Bodnaruk and Marco Rossi

Spare tire? Stock markets, banking crises, and economic recoveries pp. 81-101

Ross Levine, Chen Lin and Wensi Xie

Redacting proprietary information at the initial public offering pp. 102-123

Audra L. Boone, Ioannis V. Floros and Shane A. Johnson

On secondary buyouts pp. 124-145

Francois Degeorge, Jens Martin and Ludovic Phalippou

Are retail traders compensated for providing liquidity? pp. 146-168

Jean-Noel Barrot, Ron Kaniel and David Sraer

Using options to measure the full value-effect of an event: Application to Obamacare pp. 169-193

Paul Borochin and Joseph Golec

CEO overconfidence and financial crisis: Evidence from bank lending and leverage pp. 194-209

Po-Hsin Ho, Chia-Wei Huang, Chih-Yung Lin and Ju-Fang Yen

Volume 119, issue 3, 2016

Systemic risk and the macroeconomy: An empirical evaluation pp. 457-471

Stefano Giglio, Bryan Kelly and Seth Pruitt

Institutional investors and stock return anomalies pp. 472-488

Roger M. Edelen, Ozgur S. Ince and Gregory B. Kadlec

State variables, macroeconomic activity, and the cross section of individual stocks pp. 489-511

Martijn Boons

Corporate governance and risk management at unprotected banks: National banks in the 1890s pp. 512-532

Charles W. Calomiris and Mark Carlson

Executive overconfidence and compensation structure pp. 533-558

Mark Humphery-Jenner, Ling Lei Lisic, Vikram Nanda and Sabatino Dino Silveri

Ambiguity aversion and household portfolio choice puzzles: Empirical evidence pp. 559-577

Stephen Dimmock, Roy Kouwenberg, Olivia Mitchell and Kim Peijnenburg

Nominal price illusion pp. 578-598

Justin Birru and Baolian Wang

Debt-equity choices, R&D investment and market timing pp. 599-610

Craig M. Lewis and Yongxian Tan

Heuristic portfolio trading rules with capital gain taxes pp. 611-625

Marcel Fischer and Michael Gallmeyer

The cost of friendship pp. 626-644

Paul Gompers, Vladimir Mukharlyamov and Yuhai Xuan

Does Dodd-Frank affect OTC transaction costs and liquidity? Evidence from real-time CDS trade reports pp. 645-672

Yee Cheng Loon and Zhaodong Zhong

Volume 119, issue 2, 2016

The common factor in idiosyncratic volatility: Quantitative asset pricing implications pp. 249-283

Bernard Herskovic, Bryan Kelly, Hanno Lustig and Stijn Van Nieuwerburgh

The expected cost of default pp. 284-299

Brent Glover

Investment and the weighted average cost of capital pp. 300-315

Murray Frank and Tao Shen

The ownership and trading of debt claims in Chapter 11 restructurings pp. 316-335

Victoria Ivashina, Benjamin Iverson and David C. Smith

Optimal inside debt compensation and the value of equity and debt pp. 336-352

T. Colin Campbell, Neal Galpin and Shane A. Johnson

The cross-sectional variation of volatility risk premia pp. 353-370

Ana González-Urteaga and Gonzalo Rubio

Can analysts pick stocks for the long-run? pp. 371-398

Oya Altınkılıç, Robert Hansen and Liyu Ye

Bridging the gap: the design of bank loan contracts and distance pp. 399-419

Stephan Hollander and Arnt Verriest

The effects of takeover defenses: Evidence from closed-end funds pp. 420-440

Matthew E. Souther

Product market competition, R&D investment, and stock returns pp. 441-455

Lifeng Gu

Volume 119, issue 1, 2016

Assessing asset pricing models using revealed preference pp. 1-23

Jonathan B. Berk and Jules van Binsbergen

How do CEOs see their roles? Management philosophies and styles in family and non-family firms pp. 24-43

William Mullins and Antoinette Schoar

Quadratic variance swap models pp. 44-68

Damir Filipović, Elise Gourier and Loriano Mancini

The influence of political bias in state pension funds pp. 69-91

Daniel Bradley, Christos Pantzalis and Xiaojing Yuan

Target revaluation after failed takeover attempts: Cash versus stock pp. 92-106

Ulrike Malmendier, Marcus Opp and Farzad Saidi

Price and volatility co-jumps pp. 107-146

F.M. Bandi and Roberto Renò

Evaluating the impact of unconventional monetary policy measures: Empirical evidence from the ECB׳s Securities Markets Programme pp. 147-167

Fabian Eser and Bernd Schwaab

The real effects of share repurchases pp. 168-185

Heitor Almeida, Vyacheslav Fos and Mathias Kronlund

Stock repurchases and liquidity pp. 186-209

Alexander Hillert, Ernst Maug and Stefan Obernberger

Disagreement, speculation, and aggregate investment pp. 210-225

Steven D. Baker, Burton Hollifield and Emilio Osambela

The product market effects of hedge fund activism pp. 226-248

Hadiye Aslan and Praveen Kumar