Journal of Financial Economics

1974 - 2025

Current editor(s): G. William Schwert

From Elsevier
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Volume 138, issue 3, 2020

CoCo issuance and bank fragility pp. 593-613

Stefan Avdjiev, Bilyana Bogdanova, Patrick Bolton, Wei Jiang and Anastasia Kartasheva

Fund tradeoffs pp. 614-634

Lubos Pastor, Robert Stambaugh and Lucian A. Taylor

Asset pricing: A tale of night and day pp. 635-662

Terrence Hendershott, Dmitry Livdan and Dominik Rösch

Financial intermediation and capital reallocation pp. 663-686

Hengjie Ai, Kai Li and Fang Yang

Bank net worth and frustrated monetary policy pp. 687-699

Alexander K. Zentefis

The price effects of liquidity shocks: A study of the SEC’s tick size experiment pp. 700-724

Rui Albuquerque, Shiyun Song and Chen Yao

Dealers’ insurance, market structure, and liquidity pp. 725-753

Francesca Carapella and Cyril Monnet

Collateral constraints and asset prices pp. 754-776

Georgy Chabakauri and Brandon Yueyang Han

The effect of minority veto rights on controller pay tunneling pp. 777-788

Jesse M. Fried, Ehud Kamar and Yishay Yafeh

Time-varying demand for lottery: Speculation ahead of earnings announcements pp. 789-817

Bibo Liu, Huijun Wang, Jianfeng Yu and Shen Zhao

Persuasion in relationship finance pp. 818-837

Ehsan Azarmsa and Lin Cong

Policy uncertainty and corporate credit spreads pp. 838-865

Mahsa S. Kaviani, Lawrence Kryzanowski, Hosein Maleki and Pavel Savor

Do people feel less at risk? Evidence from disaster experience pp. 866-888

Ming Gao, Yu-Jane Liu and Yushui Shi

Volume 138, issue 2, 2020

Credit and social unrest: Evidence from 1930s China pp. 295-315

Fabio Braggion, Alberto Manconi and Haikun Zhu

Sophisticated investors and market efficiency: Evidence from a natural experiment pp. 316-341

Yong Chen, Bryan Kelly and Wei Wu

Does the lack of financial stability impair the transmission of monetary policy? pp. 342-365

Viral Acharya, Bjorn Imbierowicz, Sascha Steffen and Daniel Teichmann

Is conflicted investment advice better than no advice? pp. 366-387

John Chalmers and Jonathan Reuter

The term structure and inflation uncertainty pp. 388-414

Tomas Breach, D’Amico, Stefania and Athanasios Orphanides

All the president's friends: Political access and firm value pp. 415-431

Jeffrey Brown and Jiekun Huang

Corporate bond mutual funds and asset fire sales pp. 432-457

Jaewon Choi, Saeid Hoseinzade, Sean Seunghun Shin and Hassan Tehranian

Strategic trading and unobservable information acquisition pp. 458-482

Snehal Banerjee and Bradyn Breon-Drish

Board structure, director expertise, and advisory role of outside directors pp. 483-503

Sheng-Syan Chen, Yan-Shing Chen, Jun-Koo Kang and Shu-Cing Peng

Credit migration and covered interest rate parity pp. 504-525

Gordon Liao

Activism and empire building pp. 526-548

Nickolay Gantchev, Merih Sevilir and Anil Shivdasani

Capital gains taxation and funding for start-ups pp. 549-571

Alexander Edwards and Maximilian Todtenhaupt

When low beats high: Riding the sales seasonality premium pp. 572-591

Gustavo Grullon, Yamil Kaba and Alexander Núñez-Torres

Volume 138, issue 1, 2020

Limited liability and investment: Evidence from changes in marital property laws in the US South, 1840–1850 pp. 1-26

Peter Koudijs and Laura Salisbury

Information arrival, delay, and clustering in financial markets with dynamic freeriding pp. 27-52

Cyrus Aghamolla and Tadashi Hashimoto

Fiscal policy driven bond risk premia pp. 53-73

Lorenzo Bretscher, Alex Hsu and Andrea Tamoni

Location choice, portfolio choice pp. 74-94

Ioannis Branikas, Harrison Hong and Jiangmin Xu

On the performance of volatility-managed portfolios pp. 95-117

Scott Cederburg, O’Doherty, Michael S., Feifei Wang and Yan, Xuemin (Sterling)

IQ from IP: Simplifying search in portfolio choice pp. 118-137

Huaizhi Chen, Lauren Cohen, Umit Gurun, Dong Lou and Christopher Malloy

Regulatory cooperation and foreign portfolio investment pp. 138-158

Mark Lang, Mark Maffett, James D. Omartian and Roger Silvers

Can ethics be taught? Evidence from securities exams and investment adviser misconduct pp. 159-175

Zachary T. Kowaleski, Andrew Sutherland and Felix W. Vetter

The effect of exogenous information on voluntary disclosure and market quality pp. 176-192

Sivan Frenkel, Ilan Guttman and Ilan Kremer

Debt collection agencies and the supply of consumer credit pp. 193-221

Viktar Fedaseyeu

Liquidity risk and exchange-traded fund returns, variances, and tracking errors pp. 222-253

Kyounghun Bae and Daejin Kim

The timing and consequences of seasoned equity offerings: A regression discontinuity approach pp. 254-276

Amy Dittmar, Ran Duchin and Shuran Zhang

How does labor market size affect firm capital structure? Evidence from large plant openings pp. 277-294

Hyunseob Kim

Volume 137, issue 3, 2020

The paradox of pledgeability pp. 591-605

Jason Roderick Donaldson, Denis Gromb and Giorgia Piacentino

Is there a paradox of pledgeability? pp. 606-611

Dan Bernhardt, Kostas Koufopoulos and Giulio Trigilia

CEO-board dynamics pp. 612-636

John R. Graham, Hyunseob Kim and Mark Leary

The US Treasury floating rate note puzzle: Is there a premium for mark-to-market stability? pp. 637-658

Matthias Fleckenstein and Francis A. Longstaff

Business cycles and currency returns pp. 659-678

Riccardo Colacito, Steven J. Riddiough and Lucio Sarno

CEOs’ outside opportunities and relative performance evaluation: evidence from a natural experiment pp. 679-700

Ke Na

Emergency loans and collateral upgrades: How broker-dealers used Federal Reserve credit during the 2008 financial crisis pp. 701-722

Mark Carlson and Marco Macchiavelli

Does the Ross recovery theorem work empirically? pp. 723-739

Jens Carsten Jackwerth and Marco Menner

Why do discount rates vary? pp. 740-751

Serhiy Kozak and Shrihari Santosh

The conditional expected market return pp. 752-786

Fousseni Chabi-Yo and Johnathan Loudis

At the table but can not break through the glass ceiling:Board leadership positions elude diverse directors pp. 787-814

Laura Casares Field, Matthew E. Souther and Adam S. Yore

Active catering to dividend clienteles: Evidence from takeovers pp. 815-836

Andrey Golubov, Meziane Lasfer and Valeriya Vitkova

The scarcity effect of QE on repo rates: Evidence from the euro area pp. 837-856

William Arrata, Benoît Nguyen, Imène Rahmouni-Rousseau and Miklos Vari

Swap trading after Dodd-Frank: Evidence from index CDS pp. 857-886

Lynn Riggs, Esen Onur, David Reiffen and Haoxiang Zhu

Volume 137, issue 2, 2020

Is the credit spread puzzle a myth? pp. 297-319

Jennie Bai, Robert S. Goldstein and Fan Yang

Investor ideology pp. 320-352

Patrick Bolton, Tao Li, Enrichetta Ravina and Howard Rosenthal

Cheap-stock tunneling around preemptive rights pp. 353-370

Jesse M. Fried and Holger Spamann

Prime (information) brokerage pp. 371-391

Nitish Kumar, Kevin Mullally, Sugata Ray and Yuehua Tang

The importance of being special: Repo markets during the crisis pp. 392-429

Stefano Corradin and Angela Maddaloni

Disguised corruption: Evidence from consumer credit in China pp. 430-450

Sumit Agarwal, Wenlan Qian, Amit Seru and Jian Zhang

The economic impact of right-to-work laws: Evidence from collective bargaining agreements and corporate policies pp. 451-469

Sudheer Chava, Andras Danis and Alex Hsu

Institutional allocations in the primary market for corporate bonds pp. 470-490

Stanislava Nikolova, Liying Wang and Wu, Juan (Julie)

Terrorist attacks and investor risk preference: Evidence from mutual fund flows pp. 491-514

Albert Y. Wang and Michael Young

What you see is not what you get: The costs of trading market anomalies pp. 515-549

Andrew Patton and Brian M. Weller

Turning alphas into betas: Arbitrage and endogenous risk pp. 550-570

Thummim Cho

Heterogeneous beliefs and return volatility around seasoned equity offerings pp. 571-589

Ann Marie Hibbert, Qiang Kang, Alok Kumar and Suchi Mishra

Volume 137, issue 1, 2020

Dancing with activists pp. 1-41

Lucian A. Bebchuk, Alon Brav, Wei Jiang and Thomas Keusch

The financing of local government in China: Stimulus loan wanes and shadow banking waxes pp. 42-71

Zhuo Chen, Zhiguo He and Chun Liu

Why does public news augment information asymmetries? pp. 72-89

Julio A. Crego

Off-balance sheet funding, voluntary support and investment efficiency pp. 90-107

Anatoli Segura and Jing Zeng

Pre-trade hedging: Evidence from the issuance of retail structured products pp. 108-128

Brian J. Henderson, Neil D. Pearson and Li Wang

Who's paying attention? Measuring common ownership and its impact on managerial incentives pp. 152-178

Erik P. Gilje, Todd A. Gormley and Doron Levit

Short-term debt and incentives for risk-taking pp. 179-203

Marco Della Seta, Erwan Morellec and Francesca Zucchi

Security analysts and capital market anomalies pp. 204-230

Li Guo, Frank Weikai Li and K.C. John Wei

The persistent effect of initial success: Evidence from venture capital pp. 231-248

Ramana Nanda, Sampsa Samila and Olav Sorenson

Concentration of control rights in leveraged loan syndicates pp. 249-271

Mitchell Berlin, Greg Nini and Edison G. Yu

Mood beta and seasonalities in stock returns pp. 272-295

David Hirshleifer, Danling Jiang and Yuting Meng DiGiovanni