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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Paper millionaires: how valuable is stock to a stockholder who is restricted from selling it? pp. 385-410: Matthias Kahl, Jun Liu and Francis Longstaff
Do equity financing cycles matter? evidence from biotechnology alliances pp. 411-446: Josh Lerner, Hilary Shane and Alexander Tsai
Universal option valuation using quadrature methods pp. 447-471: Ari D. Andricopoulos, Martin Widdicks, Peter W. Duck and David P. Newton
The economic value of volatility timing using "realized" volatility pp. 473-509: Jeff Fleming, Chris Kirby and Barbara Ostdiek
A barrier option framework for corporate security valuation pp. 511-529: Paul Brockman and H. J. Turtle
Corrigendum to "Equilibrium and welfare in markets with financially constrained arbitrageurs" [J. Financial Economics 66 (2002) 361] pp. 531-531: Denis Gromb and Dimitri Vayanos

The personal-tax advantages of equity pp. 175-216: Richard Green and Burton Hollifield
Testing the pecking order theory of capital structure pp. 217-248: Murray Frank and Vidhan Goyal
How do family strategies affect fund performance? When performance-maximization is not the only game in town pp. 249-304: Massimo Massa
Executive rank, pay and project selection pp. 305-349: John Barron and Glen Waddell
Cronyism and capital controls: evidence from Malaysia pp. 351-382: Simon Johnson and Todd Mitton

Why does IPO volume fluctuate so much? pp. 3-40: Michelle Lowry
A multivariate model of strategic asset allocation pp. 41-80: John Campbell, Yeung Lewis Chan and Luis Viceira
Firms and their distressed banks: lessons from the Norwegian banking crisis pp. 81-112: Steven Ongena, David C. Smith and Dag Michalsen
Valuation effects of bank financing in acquisitions pp. 113-148: Anu Bharadwaj and Anil Shivdasani
Concealing and confounding adverse signals: insider wealth-maximizing behavior in the IPO process pp. 149-172: James S. Ang and James C. Brau

Breadth of ownership and stock returns pp. 171-205: Joseph Chen, Harrison Hong and Jeremy Stein
Short-sale constraints and stock returns pp. 207-239: Charles Jones and Owen Lamont
Stocks are special too: an analysis of the equity lending market pp. 241-269: Christopher Geczy, David K. Musto and Adam Reed
The market for borrowing stock pp. 271-306: Gene D'Avolio
Securities lending, shorting, and pricing pp. 307-339: Darrell Duffie, Nicolae Garleanu and Lasse Pedersen
Synchronization risk and delayed arbitrage pp. 341-360: Dilip Abreu and Markus Brunnermeier
Equilibrium and welfare in markets with financially constrained arbitrageurs pp. 361-407: Denis Gromb and Dimitri Vayanos
Who underreacts to cash-flow news? evidence from trading between individuals and institutions pp. 409-462: Randolph B. Cohen, Paul Gompers and Tuomo Vuolteenaho
The bond/old-bond spread pp. 463-506: Arvind Krishnamurthy

Investor protection and equity markets pp. 3-27: Andrei Shleifer and Daniel Wolfenzon
CEO compensation, diversification, and incentives pp. 29-63: Li Jin
Protection of minority shareholder interests, cross-listings in the United States, and subsequent equity offerings pp. 65-104: William Reese and Michael Weisbach
Strategic IPO underpricing, information momentum, and lockup expiration selling pp. 105-137: Rajesh Aggarwal, Laurie Krigman and Kent Womack
The impact of specialist firm acquisitions on market quality pp. 139-167: Brian C. Hatch and Shane Johnson

Litigation risk and IPO underpricing pp. 309-335: Michelle Lowry and Susan Shu
Funding growth in bank-based and market-based financial systems: evidence from firm-level data pp. 337-363: Asli Demirguc-Kunt and Vojislav Maksimovic
The ultimate ownership of Western European corporations pp. 365-395: Mara Faccio and Larry Lang
Predicting the next step of a random walk: experimental evidence of regime-shifting beliefs pp. 397-414: Robert Bloomfield and Jeffrey Hales
Market efficiency in real time pp. 415-437: Jeffrey A. Busse and T. Clifton Green

IPO allocations: discriminatory or discretionary? pp. 167-201: Alexander Ljungqvist and William Wilhelm
Dating the integration of world equity markets pp. 203-247: Geert Bekaert, Campbell Harvey and Robin L. Lumsdaine
Conditional performance measurement using portfolio weights: evidence for pension funds pp. 249-282: Wayne Ferson and Kenneth Khang
Pricing and capital allocation in catastrophe insurance pp. 283-305: George Zanjani

Building the IPO order book: underpricing and participation limits with costly information pp. 3-29: Ann Sherman and Sheridan Titman
Econometric models of limit-order executions pp. 31-71: Andrew Lo, A. Craig MacKinlay and June Zhang
Short-term interest rate dynamics: a spatial approach pp. 73-110: Federico M. Bandi
Order imbalance, liquidity, and market returns pp. 111-130: Tarun Chordia, Richard Roll and Avanidhar Subrahmanyam
The dilution impact of daily fund flows on open-end mutual funds pp. 131-158: Jason T. Greene and Charles W. Hodges
Erratum to "Governance with poor investor protection: evidence from top executive turnover in Italy": [Journal of Financial Economics 64 (2002) 61-90] pp. 159-160: Paolo Volpin

Performance consequences of mandatory increases in executive stock ownership pp. 317-340: John E. Core and David F. Larcker
Empirical pricing kernels pp. 341-372: Joshua Rosenberg and Robert Engle
Firm diversification and asymmetric information: evidence from analysts’ forecasts and earnings announcements pp. 373-396: Shawn Thomas
How does the Internet affect trading? Evidence from investor behavior in 401(k) plans pp. 397-421: James Choi, David Laibson and Andrew Metrick
Stock return predictability and model uncertainty pp. 423-458: Doron Avramov

Industry growth and capital allocation:*1: does having a market- or bank-based system matter? pp. 147-180: Thorsten Beck and Ross Levine
The value of durable bank relationships: evidence from Korean banking shocks pp. 181-214: Kee-Hong Bae, Jun-Koo Kang and Chan-Woo Lim
A cross-firm analysis of the impact of corporate governance on the East Asian financial crisis pp. 215-241: Todd Mitton
Liquidity risk and specialness pp. 243-284: Andrea Buraschi and Davide Menini
A theory of strategic venture investing pp. 285-314: Thomas Hellmann

Asset liquidity, debt covenants, and managerial discretion in financial distress:*1: the collapse of L.A. Gear pp. 3-34: Harry DeAngelo, Linda DeAngelo and Karen H. Wruck
Growth opportunities and corporate debt policy: the case of the U.S. defense industry pp. 35-59: Vidhan Goyal, Kenneth Lehn and Stanko Racic
Governance with poor investor protection: evidence from top executive turnover in Italy pp. 61-90: Paolo Volpin
Limited arbitrage in mergers and acquisitions pp. 91-115: Malcolm Baker and Serkan Savasoglu
Divestitures and the liquidity of the market for corporate assets pp. 117-144: Frederik Schlingemann, René Stulz and Ralph A. Walkling