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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Volume 116, issue 3, 2015

Juicing the dividend yield: Mutual funds and the demand for dividends pp. 433-451

Lawrence E. Harris, Samuel M. Hartzmark and David H. Solomon

Investment and CEO compensation under limited commitment pp. 452-472

Hengjie Ai and Rui Li

Empirical determinants of intertemporal choice pp. 473-486

Jeffrey Brown, Zoran Ivković and Scott Weisbenner

Generalized risk premia pp. 487-504

Paul Schneider

The cross section of expected holding period returns and their dynamics: A present value approach pp. 505-525

Matthew R. Lyle and Charles C.Y. Wang

The adverse effects of systematic leakage ahead of official sovereign debt rating announcements pp. 526-547

Alexander Michaelides, Andreas Milidonis, George Nishiotis and Panayiotis Papakyriakou

Market-wide attention, trading, and stock returns pp. 548-564

Yu Yuan

Banks׳ liability structure and mortgage lending during the financial crisis pp. 565-582

Jihad Dagher and Kazim Kazimov

Do property rights matter? Evidence from a property law enactment pp. 583-593

Daniel Berkowitz, Chen Lin and Yue Ma

Volume 116, issue 2, 2015

Liquid-claim production, risk management, and bank capital structure: Why high leverage is optimal for banks pp. 219-236

Harry DeAngelo and René Stulz

Central clearing and collateral demand pp. 237-256

Darrell Duffie, Martin Scheicher and Guillaume Vuillemey

High frequency market microstructure pp. 257-270

O’Hara, Maureen

High-frequency quoting, trading, and the efficiency of prices pp. 271-291

Jennifer Conrad, Sunil Wahal and Jin Xiang

Equilibrium fast trading pp. 292-313

Bruno Biais, Thierry Foucault and Sophie Moinas

Extraordinary acquirers pp. 314-330

Andrey Golubov, Alfred Yawson and Huizhong Zhang

How do acquirers choose between mergers and tender offers? pp. 331-348

David Offenberg and Christo Pirinsky

CEO network centrality and merger performance pp. 349-382

Rwan El-Khatib, Kathy Fogel and Tomas Jandik

Contractual incompleteness, limited liability and asset price bubbles pp. 383-409

James Dow and Jungsuk Han

Search-based peer firms: Aggregating investor perceptions through internet co-searches pp. 410-431

Charles Lee, Paul Ma and Charles C.Y. Wang

Volume 116, issue 1, 2015

A five-factor asset pricing model pp. 1-22

Eugene F. Fama and Kenneth French

Scale and skill in active management pp. 23-45

Lubos Pastor, Robert Stambaugh and Lucian A. Taylor

Structured debt ratings: Evidence on conflicts of interest pp. 46-60

Matthias Efing and Harald Hau

The role of dynamic renegotiation and asymmetric information in financial contracting pp. 61-81

Michael R. Roberts

Commonality in news around the world pp. 82-110

Tung Dang, Fariborz Moshirian and Bohui Zhang

Momentum has its moments pp. 111-120

Pedro Barroso and Pedro Santa-Clara

The JOBS Act and IPO volume: Evidence that disclosure costs affect the IPO decision pp. 121-143

Michael Dambra, Laura Casares Field and Matthew T. Gustafson

Political capital and moral hazard pp. 144-159

Leonard Kostovetsky

The disintermediation of financial markets: Direct investing in private equity pp. 160-178

Lily Fang, Victoria Ivashina and Josh Lerner

The effect of repatriation tax costs on U.S. multinational investment pp. 179-196

Michelle Hanlon, Rebecca Lester and Rodrigo Verdi

Hedge funds and discretionary liquidity restrictions pp. 197-218

Adam Aiken, Christopher P. Clifford and Jesse A. Ellis

Volume 115, issue 3, 2015

Monetary policy and long-term real rates pp. 429-448

Samuel Hanson and Jeremy Stein

Capital allocation and delegation of decision-making authority within firms pp. 449-470

John R. Graham, Campbell Harvey and Manju Puri

Vulnerable banks pp. 471-485

Robin Greenwood, Augustin Landier and David Thesmar

Do investors overpay for stocks with lottery-like payoffs? An examination of the returns of OTC stocks pp. 486-504

Bjørn Eraker and Mark Ready

Impact of the Dodd-Frank act on credit ratings pp. 505-520

Valentin Dimitrov, Darius Palia and Leo Tang

Corporate payout, cash retention, and the supply of credit: Evidence from the 2008–2009 credit crisis pp. 521-540

Barbara A. Bliss, Yingmei Cheng and David J. Denis

Information reliability and welfare: A theory of coarse credit ratings pp. 541-557

Anand Goel and Anjan Thakor

Technology spillovers and corporate cash holdings pp. 558-573

Jiaping Qiu and Chi Wan

Excess control rights, bank capital structure adjustments, and lending pp. 574-591

Laetitia Lepetit, Nadia Saghi-Zedek and Amine Tarazi

Trade credit and cross-country predictable firm returns pp. 592-613

Rui Albuquerque, Tarun Ramadorai and Sumudu Watugala

Price support by bank-affiliated mutual funds pp. 614-638

Benjamin Golez and Jose Marin

Friends or foes? The interrelationship between angel and venture capital markets pp. 639-653

Thomas Hellmann and Veikko Thiele

Volume 115, issue 2, 2015

The “greatest” carry trade ever? Understanding eurozone bank risks pp. 215-236

Viral Acharya and Sascha Steffen

The failure of models that predict failure: Distance, incentives, and defaults pp. 237-260

Uday Rajan, Amit Seru and Vikrant Vig

Can managers time the market? Evidence using repurchase price data pp. 261-282

Amy Dittmar and Laura Casares Field

Culture and R2 pp. 283-303

Cheol S. Eun, Lingling Wang and Steven C. Xiao

Corporate goodness and shareholder wealth pp. 304-329

Philipp Krüger

Trading rules, competition for order flow and market fragmentation pp. 330-348

Amy Kwan, Ronald Masulis and Thomas McInish

Callable bonds, reinvestment risk, and credit rating improvements: Role of the call premium pp. 349-360

Manish Tewari, Anthony Byrd and Pradipkumar Ramanlal

Does ambiguity matter? Estimating asset pricing models with a multiple-priors recursive utility pp. 361-382

Daehee Jeong, Hwagyun Kim and Joon Y. Park

Do analysts matter for governance? Evidence from natural experiments pp. 383-410

Tao Chen, Jarrad Harford and Chen Lin

Asset pricing with arbitrage activity pp. 411-428

Julien Hugonnier and Rodolfo Prieto

Volume 115, issue 1, 2015

X-CAPM: An extrapolative capital asset pricing model pp. 1-24

Nicholas Barberis, Robin Greenwood, Lawrence Jin and Andrei Shleifer

Financial integration, housing, and economic volatility pp. 25-41

Elena Loutskina and Philip E. Strahan

Macroeconomic linkages between monetary policy and the term structure of interest rates pp. 42-57

Howard Kung

Why do term structures in different currencies co-move? pp. 58-83

Chotibhak Jotikasthira, Anh Le and Christian Lundblad

Attentive insider trading pp. 84-101

Dallin M. Alldredge and David C. Cicero

Fund managers under pressure: Rationale and determinants of secondary buyouts pp. 102-135

Sridhar Arcot, Zsuzsanna Fluck, José-Miguel Gaspar and Ulrich Hege

End-of-the-year economic growth and time-varying expected returns pp. 136-154

Stig V. Møller and Jesper Rangvid

Market run-ups, market freezes, inventories, and leverage pp. 155-167

Philip Bond and Yaron Leitner

Non-executive employee stock options and corporate innovation pp. 168-188

Xin Chang, Kangkang Fu, Angie Low and Wenrui Zhang

Does banking competition affect innovation? pp. 189-209

Jess Cornaggia, Yifei Mao, Xuan Tian and Brian Wolfe