Content
December 2024, Volume 79, Issue 6
- 3683-3728 Presidential Address: Macrofinance and Resilience
by Markus K. Brunnermeier - 3729-3772 Mortgage Lock‐In, Mobility, and Labor Reallocation
by Julia Fonseca & Lu Liu - 3773-3820 Financial Sophistication and Consumer Spending
by Adam Tejs Jørring - 3821-3857 Time‐Consistent Individuals, Time‐Inconsistent Households
by Andrew Hertzberg - 3859-3891 A Multifactor Perspective on Volatility‐Managed Portfolios
by VICTOR DeMIGUEL & ALBERTO MARTÍN‐UTRERA & RAMAN UPPAL - 3893-3941 Bonds versus Equities: Information for Investment
by Huifeng Chang & Adrien D'Avernas & Andrea L. Eisfeldt - 3943-3984 Putting the Price in Asset Pricing
by Thummim Cho & Christopher Polk - 3985-4036 Liquidity Transformation and Fragility in the U.S. Banking Sector
by Qi Chen & Itay Goldstein & Zeqiong Huang & Rahul Vashishtha - 4037-4081 Currency Management by International Fixed‐Income Mutual Funds
by Clemens Sialm & Qifei Zhu - 4083-4141 Treasury Bill Shortages and the Pricing of Short‐Term Assets
by Adrien D'Avernas & Quentin Vandeweyer - 4143-4196 Equity Term Structures without Dividend Strips Data
by Stefano Giglio & Bryan Kelly & Serhiy Kozak - 4197-4246 Utility Tokens as a Commitment to Competition
by Itay Goldstein & Deeksha Gupta & Ruslan Sverchkov - 4247-4302 The Working Capital Credit Multiplier
by Heitor Almeida & Daniel Carvalho & Taehyun Kim - 4303-4352 Lying to Speak the Truth: Selective Manipulation and Improved Information Transmission
by Paul Povel & Günter Strobl
August 2024, Volume 79, Issue 4
- 2403-2427 A (Sub)penny for Your Thoughts: Tracking Retail Investor Activity in TAQ
by Brad M. Barber & Xing Huang & Philippe Jorion & Terrance Odean & Christopher Schwarz - 2429-2471 Spending Less after (Seemingly) Bad News
by Mark J. Garmaise & Yaron Levi & Hanno Lustig - 2473-2503 Insensitive Investors
by Constantin Charles & Cary Frydman & Mete Kilic - 2505-2552 Money and Banking with Reserves and CBDC
by Dirk Niepelt - 2553-2602 The Time‐Varying Price of Financial Intermediation in the Mortgage Market
by Andreas Fuster & Stephanie H. Lo & Paul S. Willen - 2603-2665 What Drives Variation in the U.S. Debt‐to‐Output Ratio? The Dogs that Did not Bark
by Zhengyang Jiang & Hanno Lustig & Stijn Van Nieuwerburgh & Mindy Z. Xiaolan - 2667-2714 Inside and Outside Information
by Daniel Quigley & Ansgar Walther - 2715-2758 Information Aggregation with Asymmetric Asset Payoffs
by Elias Albagli & Christian Hellwig & Aleh Tsyvinski - 2759-2796 Half Banked: The Economic Impact of Cash Management in the Marijuana Industry
by Elizabeth A. Berger & Nathan Seegert - 2797-2844 Treasury Richness
by Matthias Fleckenstein & Francis A. Longstaff - 2845-2884 Meeting Targets in Competitive Product Markets
by Emilio Bisetti & Stephen A. Karolyi - 2885-2900 Is Long‐Run Risk Really Priced? Revisiting Liu and Matthies (2022)
by Paulo Maio
June 2024, Volume 79, Issue 3
- 1719-1753 Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect
by Ricardo J. Caballero & Alp Simsek - 1755-1788 Countercyclical Income Risk and Portfolio Choices: Evidence from Sweden
by Sylvain Catherine & Paolo Sodini & Yapei Zhang - 1789-1829 Tracing the International Transmission of a Crisis through Multinational Firms
by Marcus Biermann & Kilian Huber - 1831-1882 A Horizon‐Based Decomposition of Mutual Fund Value Added Using Transactions
by Jules Van Binsbergen & Jungsuk Han & Hongxun Ruan & Ran Xing - 1883-1929 Zombie Credit and (Dis‐)Inflation: Evidence from Europe
by Viral V. Acharya & Matteo Crosignani & Tim Eisert & Christian Eufinger - 1931-1976 Goal Setting and Saving in the FinTech Era
by Antonio Gargano & Alberto G. Rossi - 1977-2023 Rent or Buy? Inflation Experiences and Homeownership within and across Countries
by Ulrike Malmendier & Alexandra Steiny Wellsjo - 2025-2076 A Portfolio Approach to Global Imbalances
by Zhengyang Jiang & Robert J. Richmond & Tony Zhang - 2077-2114 The Term Structure of Covered Interest Rate Parity Violations
by Patrick Augustin & Mikhail Chernov & Lukas Schmid & Dongho Song - 2115-2161 Due Diligence
by Brendan Daley & Thomas Geelen & Brett Green - 2163-2194 Broadband Internet and the Stock Market Investments of Individual Investors
by Hans K. Hvide & Tom G. Meling & Magne Mogstad & Ola L. Vestad - 2195-2236 Mergers, Product Prices, and Innovation: Evidence from the Pharmaceutical Industry
by Alice Bonaimé & Ye (Emma) Wang - 2237-2287 Does Alternative Data Improve Financial Forecasting? The Horizon Effect
by Olivier Dessaint & Thierry Foucault & Laurent Fresard - 2289-2338 Modeling Conditional Factor Risk Premia Implied by Index Option Returns
by Mathieu Fournier & Kris Jacobs & Piotr Orłowski - 2339-2390 Nonstandard Errors
by Albert J. Menkveld & Anna Dreber & Felix Holzmeister & Juergen Huber & Magnus Johannesson & Michael Kirchler & Sebastian Neusüß & Michael Razen & Utz Weitzel & David Abad‐Díaz & Menachem (Meni) Abudy & Tobias Adrian & Yacine Ait‐Sahalia & Olivier Akmansoy & Jamie T. Alcock & Vitali Alexeev & Arash Aloosh & Livia Amato & Diego Amaya & James J. Angel & Alejandro T. Avetikian & Amadeus Bach & Edwin Baidoo & Gaetan Bakalli & Li Bao & Andrea Barbon & Oksana Bashchenko & Parampreet C. Bindra & Geir H. Bjønnes & Jeffrey R. Black & Bernard S. Black & Dimitar Bogoev & Santiago Bohorquez Correa & Oleg Bondarenko & Charles S. Bos & Ciril Bosch‐Rosa & Elie Bouri & Christian Brownlees & Anna Calamia & Viet Nga Cao & Gunther Capelle‐Blancard & Laura M. Capera Romero & Massimiliano Caporin & Allen Carrion & Tolga Caskurlu & Bidisha Chakrabarty & Jian Chen & Mikhail Chernov & William Cheung & Ludwig B. Chincarini & Tarun Chordia & Sheung‐Chi Chow & Benjamin Clapham & Jean‐Edouard Colliard & Carole Comerton‐Forde & Edward Curran & Thong Dao & Wale Dare & Ryan J. Davies & Riccardo De Blasis & Gianluca F. De Nard & Fany Declerck & Oleg Deev & Hans Degryse & Solomon Y. Deku & Christophe Desagre & Mathijs A. Van Dijk & Chukwuma Dim & Thomas Dimpfl & Yun Jiang Dong & Philip A. Drummond & Tom Dudda & Teodor Duevski & Ariadna Dumitrescu & Teodor Dyakov & Anne Haubo Dyhrberg & Michał Dzieliński & Asli Eksi & Izidin El Kalak & Saskia Ter Ellen & Nicolas Eugster & Martin D. D. Evans & Michael Farrell & Ester Felez‐Vinas & Gerardo Ferrara & El Mehdi Ferrouhi & Andrea Flori & Jonathan T. Fluharty‐Jaidee & Sean D. V. Foley & Kingsley Y. L. Fong & Thierry Foucault & Tatiana Franus & Francesco Franzoni & Bart Frijns & Michael Frömmel & Servanna M. Fu & Sascha C. Füllbrunn & Baoqing Gan & Ge Gao & Thomas P. Gehrig & Roland Gemayel & Dirk Gerritsen & Javier Gil‐Bazo & Dudley Gilder & Lawrence R. Glosten & Thomas Gomez & Arseny Gorbenko & Joachim Grammig & Vincent Grégoire & Ufuk Güçbilmez & Björn Hagströmer & Julien Hambuckers & Erik Hapnes & Jeffrey H. Harris & Lawrence Harris & Simon Hartmann & Jean‐Baptiste Hasse & Nikolaus Hautsch & Xue‐Zhong (Tony) He & Davidson Heath & Simon Hediger & Terrence Hendershott & Ann Marie Hibbert & Erik Hjalmarsson & Seth A. Hoelscher & Peter Hoffmann & Craig W. Holden & Alex R. Horenstein & Wenqian Huang & Da Huang & Christophe Hurlin & Konrad Ilczuk & Alexey Ivashchenko & Subramanian R. Iyer & Hossein Jahanshahloo & Naji Jalkh & Charles M. Jones & Simon Jurkatis & Petri Jylhä & Andreas T. Kaeck & Gabriel Kaiser & Arzé Karam & Egle Karmaziene & Bernhard Kassner & Markku Kaustia & Ekaterina Kazak & Fearghal Kearney & Vincent Van Kervel & Saad A. Khan & Marta K. Khomyn & Tony Klein & Olga Klein & Alexander Klos & Michael Koetter & Aleksey Kolokolov & Robert A. Korajczyk & Roman Kozhan & Jan P. Krahnen & Paul Kuhle & Amy Kwan & Quentin Lajaunie & F. Y. Eric C. Lam & Marie Lambert & Hugues Langlois & Jens Lausen & Tobias Lauter & Markus Leippold & Vladimir Levin & Yijie Li & Hui Li & Chee Yoong Liew & Thomas Lindner & Oliver Linton & Jiacheng Liu & Anqi Liu & Guillermo Llorente & Matthijs Lof & Ariel Lohr & Francis Longstaff & Alejandro Lopez‐Lira & Shawn Mankad & Nicola Mano & Alexis Marchal & Charles Martineau & Francesco Mazzola & Debrah Meloso & Michael G. Mi & Roxana Mihet & Vijay Mohan & Sophie Moinas & David Moore & Liangyi Mu & Dmitriy Muravyev & Dermot Murphy & Gabor Neszveda & Christian Neumeier & Ulf Nielsson & Mahendrarajah Nimalendran & Sven Nolte & Lars L. Norden & Peter O'Neill & Khaled Obaid & Bernt A. Ødegaard & Per Östberg & Emiliano Pagnotta & Marcus Painter & Stefan Palan & Imon J. Palit & Andreas Park & Roberto Pascual & Paolo Pasquariello & Lubos Pastor & Vinay Patel & Andrew J. Patton & Neil D. Pearson & Loriana Pelizzon & Michele Pelli & Matthias Pelster & Christophe Pérignon & Cameron Pfiffer & Richard Philip & Tomáš Plíhal & Puneet Prakash & Oliver‐Alexander Press & Tina Prodromou & Marcel Prokopczuk & Talis Putnins & Ya Qian & Gaurav Raizada & David Rakowski & Angelo Ranaldo & Luca Regis & Stefan Reitz & Thomas Renault & Rex W. Renjie & Roberto Reno & Steven J. Riddiough & Kalle Rinne & Paul Rintamäki & Ryan Riordan & Thomas Rittmannsberger & Iñaki Rodríguez Longarela & Dominik Roesch & Lavinia Rognone & Brian Roseman & Ioanid Roşu & Saurabh Roy & Nicolas Rudolf & Stephen R. Rush & Khaladdin Rzayev & Aleksandra A. Rzeźnik & Anthony Sanford & Harikumar Sankaran & Asani Sarkar & Lucio Sarno & Olivier Scaillet & Stefan Scharnowski & Klaus R. Schenk‐Hoppé & Andrea Schertler & Michael Schneider & Florian Schroeder & Norman Schürhoff & Philipp Schuster & Marco A. Schwarz & Mark S. Seasholes & Norman J. Seeger & Or Shachar & Andriy Shkilko & Jessica Shui & Mario Sikic & Giorgia Simion & Lee A. Smales & Paul Söderlind & Elvira Sojli & Konstantin Sokolov & Jantje Sönksen & Laima Spokeviciute & Denitsa Stefanova & Marti G. Subrahmanyam & Barnabas Szaszi & Oleksandr Talavera & Yuehua Tang & Nick Taylor & Wing Wah Tham & Erik Theissen & Julian Thimme & Ian Tonks & Hai Tran & Luca Trapin & Anders B. Trolle & M. Andreea Vaduva & Giorgio Valente & Robert A. Van Ness & Aurelio Vasquez & Thanos Verousis & Patrick Verwijmeren & Anders Vilhelmsson & Grigory Vilkov & Vladimir Vladimirov & Sebastian Vogel & Stefan Voigt & Wolf Wagner & Thomas Walther & Patrick Weiss & Michel Van Der Wel & Ingrid M. Werner & P. Joakim Westerholm & Christian Westheide & Hans C. Wika & Evert Wipplinger & Michael Wolf & Christian C. P. Wolff & Leonard Wolk & Wing‐Keung Wong & Jan Wrampelmeyer & Zhen‐Xing Wu & Shuo Xia & Dacheng Xiu & Ke Xu & Caihong Xu & Pradeep K. Yadav & José Yagüe & Cheng Yan & Antti Yang & Woongsun Yoo & Wenjia Yu & Yihe Yu & Shihao Yu & Bart Z. Yueshen & Darya Yuferova & Marcin Zamojski & Abalfazl Zareei & Stefan M. Zeisberger & Lu Zhang & S. Sarah Zhang & Xiaoyu Zhang & Lu Zhao & Zhuo Zhong & Z. Ivy Zhou & Chen Zhou & Xingyu S. Zhu & Marius Zoican & Remco Zwinkels
April 2024, Volume 79, Issue 2
- 795-841 Political Polarization Affects Households' Financial Decisions: Evidence from Home Sales
by W. Ben Mccartney & John Orellana‐Li & Calvin Zhang - 843-902 Measuring “Dark Matter” in Asset Pricing Models
by Hui Chen & Winston Wei Dou & Leonid Kogan - 903-948 Informed Trading Intensity
by Vincent Bogousslavsky & Vyacheslav Fos & Dmitriy Muravyev - 949-992 How Integrated are Credit and Equity Markets? Evidence from Index Options
by Pierre Collin‐Dufresne & Benjamin Junge & Anders B. Trolle - 993-1054 Dissecting the Long‐Term Performance of the Chinese Stock Market
by Franklin Allen & Jun (Qj) Qian & Chenyu Shan & Julie Lei Zhu - 1055-1085 The Narrow Channel of Quantitative Easing: Evidence from YCC Down Under
by David O. Lucca & Jonathan H. Wright - 1087-1121 Overconfidence and Preferences for Competition
by Ernesto Reuben & Paola Sapienza & Luigi Zingales - 1123-1146 Disclosing a Random Walk
by Ilan Kremer & Amnon Schreiber & Andrzej Skrzypacz - 1147-1197 A q$q$ Theory of Internal Capital Markets
by Min Dai & Xavier Giroud & Wei Jiang & Neng Wang - 1199-1247 Fee Variation in Private Equity
by Juliane Begenau & Emil N. Siriwardane - 1249-1295 Aversion to Student Debt? Evidence from Low‐Wage Workers
by Radhakrishnan Gopalan & Barton H. Hamilton & Jorge Sabat & David Sovich - 1297-1352 The Equilibrium Size and Value‐Added of Venture Capital
by Francesco Sannino - 1353-1403 Auctions with Endogenous Initiation
by Alexander S. Gorbenko & Andrey Malenko - 1405-1455 The Dark Side of Circuit Breakers
by Hui Chen & Anton Petukhov & Jiang Wang & Hao Xing - 1457-1512 Lender Automation and Racial Disparities in Credit Access
by Sabrina T. Howell & Theresa Kuchler & David Snitkof & Johannes Stroebel & Jun Wong - 1513-1578 Disclosing to Informed Traders
by Snehal Banerjee & Iván Marinovic & Kevin Smith - 1579-1634 Leverage Is a Double‐Edged Sword
by Avanidhar Subrahmanyam & Ke Tang & Jingyuan Wang & Xuewei Yang - 1635-1695 Choosing to Disagree: Endogenous Dismissiveness and Overconfidence in Financial Markets
by Snehal Banerjee & Jesse Davis & Naveen Gondhi - 1697-1706 Report of the Editor of The Journal of Finance for the Year 2023
by Antoinette Schoar
February 2024, Volume 79, Issue 1
- 5-33 Front‐Page News: The Effect of News Positioning on Financial Markets
by Anastassia Fedyk - 35-93 The Decline of Secured Debt
by Efraim Benmelech & Nitish Kumar & Raghuram Rajan - 95-128 Liquidation Value and Loan Pricing
by Francesca Barbiero & Glenn Schepens & Jean‐David Sigaux - 129-172 Neglected Risks in the Communication of Residential Mortgage‐Backed Securities Offerings
by Harold H. Zhang & Feng Zhao & Xiaofei Zhao - 173-217 Interest Rate Skewness and Biased Beliefs
by Michael Bauer & Mikhail Chernov - 219-256 Financing the Gig Economy
by Greg Buchak - 257-304 Trading and Shareholder Democracy
by Doron Levit & Nadya Malenko & Ernst Maug - 305-355 Legal Risk and Insider Trading
by Marcin Kacperczyk & Emiliano S. Pagnotta - 357-412 Intervention with Screening in Panic‐Based Runs
by Lin Shen & Junyuan Zou - 413-458 The Global Impact of Brexit Uncertainty
by Tarek A. Hassan & Stephan Hollander & Laurence Van Lent & Ahmed Tahoun - 459-503 The Virtue of Complexity in Return Prediction
by Bryan Kelly & Semyon Malamud & Kangying Zhou - 505-540 Prestige, Promotion, and Pay
by Daniel Ferreira & Radoslawa Nikolowa - 541-578 Foreign Exchange Fixings and Returns around the Clock
by Ingomar Krohn & Philippe Mueller & Paul Whelan - 579-629 Information Cascades and Threshold Implementation: Theory and an Application to Crowdfunding
by Lin William Cong & Yizhou Xiao - 631-667 Artificial Intelligence, Education, and Entrepreneurship
by Michael Gofman & Zhao Jin
June 2023, Volume 78, Issue 3
- 1235-1278 CLO Performance
by Larry Cordell & Michael R. Roberts & Michael Schwert - 1279-1341 Pockets of Predictability
by Leland E. Farmer & Lawrence Schmidt & Allan Timmermann - 1343-1392 The Pollution Premium
by Po‐Hsuan Hsu & Kai Li & Chi‐Yang Tsou - 1393-1447 Duration‐Driven Returns
by Niels Joachim Gormsen & Eben Lazarus - 1449-1498 Firm‐Level Climate Change Exposure
by Zacharias Sautner & Laurence Van Lent & Grigory Vilkov & Ruishen Zhang - 1499-1543 Macroeconomic News in Asset Pricing and Reality
by Gregory R. Duffee - 1545-1591 Who Owns What? A Factor Model for Direct Stockholding
by Vimal Balasubramaniam & John Y. Campbell & Tarun Ramadorai & Benjamin Ranish - 1593-1646 Integrating Factor Models
by Doron Avramov & Si Cheng & Lior Metzker & Stefan Voigt - 1647-1704 Visibility Bias in the Transmission of Consumption Beliefs and Undersaving
by Bing Han & David Hirshleifer & Johan Walden - 1705-1741 Naïve Buying Diversification and Narrow Framing by Individual Investors
by John Gathergood & David Hirshleifer & David Leake & Hiroaki Sakaguchi & Neil Stewart - 1743-1775 Model Comparison with Transaction Costs
by Andrew Detzel & Robert Novy‐Marx & Mihail Velikov - 1777-1827 Did FinTech Lenders Facilitate PPP Fraud?
by John M. Griffin & Samuel Kruger & Prateek Mahajan
April 2023, Volume 78, Issue 2
- 693-730 Pricing Currency Risks
by Mikhail Chernov & Magnus Dahlquist & Lars Lochstoer - 731-793 A Model of Systemic Bank Runs
by Xuewen Liu - 795-833 Biased Auctioneers
by Mathieu Aubry & Roman Kräussl & Gustavo Manso & Christophe Spaenjers - 835-885 Discount‐Rate Risk in Private Equity: Evidence from Secondary Market Transactions
by Brian H. Boyer & Taylor D. Nadauld & Keith P. Vorkink & Michael S. Weisbach - 887-934 Do Municipal Bond Dealers Give Their Customers “Fair and Reasonable” Pricing?
by John M. Griffin & Nicholas Hirschey & Samuel Kruger - 935-965 Information Aggregation via Contracting
by Jiasun Li - 967-1014 Equilibrium Bitcoin Pricing
by Bruno Biais & Christophe Bisière & Matthieu Bouvard & Catherine Casamatta & Albert J. Menkveld - 1015-1053 Local Experiences, Search, and Spillovers in the Housing Market
by Antonio Gargano & Marco Giacoletti & Elvis Jarnecic - 1055-1095 Model Secrecy and Stress Tests
by Yaron Leitner & Basil Williams - 1097-1145 The Gender Gap in Housing Returns
by Paul Goldsmith‐Pinkham & Kelly Shue - 1147-1204 Monetary Stimulus amidst the Infrastructure Investment Spree: Evidence from China's Loan‐Level Data
by Kaiji Chen & Haoyu Gao & Patrick Higgins & Daniel F. Waggoner & Tao Zha - 1205-1214 Report of the Editor of The Journal of Finance for the Year 2022
by Antoinette Schoar - 1219-1220 Report of the Executive Secretary and Treasurer for the Fiscal Year Ending June 30, 2022
by Jim Schallheim
February 2023, Volume 78, Issue 1
- 5-61 Optimal Financial Transaction Taxes
by Eduardo Dávila - 63-103 Less Mainstream Credit, More Payday Borrowing? Evidence from Debt Collection Restrictions
by Julia Fonseca - 105-139 Disruption and Credit Markets
by Bo Becker & Victoria Ivashina - 141-208 How Risky Are U.S. Corporate Assets?
by Tetiana Davydiuk & Scott Richard & Ivan Shaliastovich & Amir Yaron - 209-245 International Yield Curves and Currency Puzzles
by Mikhail Chernov & Drew Creal - 247-299 Decentralization through Tokenization
by Michael Sockin & Wei Xiong - 301-345 Beyond Basis Basics: Liquidity Demand and Deviations from the Law of One Price
by Todd M. Hazelkorn & Tobias J. Moskowitz & Kaushik Vasudevan - 347-387 Principal Portfolios
by Bryan Kelly & Semyon Malamud & Lasse Heje Pedersen - 389-425 Small Business Equity Returns: Empirical Evidence from the Business Credit Card Securitization Market
by Matthias Fleckenstein & Francis A. Longstaff - 427-486 Beliefs Aggregation and Return Predictability
by Albert S. Kyle & Anna A. Obizhaeva & Yajun Wang - 487-557 Bayesian Solutions for the Factor Zoo: We Just Ran Two Quadrillion Models
by Svetlana Bryzgalova & Jiantao Huang & Christian Julliard
December 2022, Volume 77, Issue 6
- 2997-3036 Loan Terms and Collateral: Evidence from the Bilateral Repo Market
by Jun Kyung Auh & Mattia Landoni - 3037-3091 Import Competition and Household Debt
by Jean‐Noël Barrot & Erik Loualiche & Matthew Plosser & Julien Sauvagnat - 3093-3140 The Two‐Pillar Policy for the RMB
by Urban J. Jermann & Bin Wei & Vivian Z. Yue - 3141-3190 Attention‐Induced Trading and Returns: Evidence from Robinhood Users
by Brad M. Barber & Xing Huang & Terrance Odean & Christopher Schwarz - 3191-3247 Belief Disagreement and Portfolio Choice
by Maarten Meeuwis & Jonathan A. Parker & Antoinette Schoar & Duncan Simester - 3249-3287 Asset Pricing with Cohort‐Based Trading in MBS Markets
by Nicola Fusari & Wei Li & Haoyang Liu & Zhaogang Song - 3289-3337 The Price of Higher Order Catastrophe Insurance: The Case of VIX Options
by Bjørn Eraker & Aoxiang Yang - 3339-3372 Financial Crises and Political Radicalization: How Failing Banks Paved Hitler's Path to Power
by Sebastian Doerr & Stefan Gissler & José‐Luis Peydró & Hans‐Joachim Voth - 3373-3421 Stock Market Spillovers via the Global Production Network: Transmission of U.S. Monetary Policy
by Julian Di Giovanni & Galina Hale
October 2022, Volume 77, Issue 5
- 2533-2575 The Anatomy of the Transmission of Macroprudential Policies
by Viral V. Acharya & Katharina Bergant & Matteo Crosignani & Tim Eisert & Fergal Mccann - 2577-2611 The Cost of Capital for Banks: Evidence from Analyst Earnings Forecasts
by Jens Dick‐Nielsen & Jacob Gyntelberg & Christoffer Thimsen - 2613-2667 Commodity Financialization and Information Transmission
by Itay Goldstein & Liyan Yang - 2669-2717 When Should Bankruptcy Law Be Creditor‐ or Debtor‐Friendly? Theory and Evidence
by David Schoenherr & Jan Starmans - 2719-2764 Rare Disasters, Financial Development, and Sovereign Debt
by Sergio Rebelo & Neng Wang & Jinqiang Yang - 2765-2798 Common Ownership Does Not Have Anticompetitive Effects in the Airline Industry
by Patrick Dennis & Kristopher Gerardi & Carola Schenone - 2799-2852 Rising Intangible Capital, Shrinking Debt Capacity, and the U.S. Corporate Savings Glut
by Antonio Falato & Dalida Kadyrzhanova & Jae Sim & Roberto Steri - 2853-2906 A Theory of Equivalent Expectation Measures for Contingent Claim Returns
by Sanjay K. Nawalkha & Xiaoyang Zhuo - 2907-2947 The Golden Mean: The Risk‐Mitigating Effect of Combining Tournament Rewards with High‐Powered Incentives
by Dunhong Jin & Thomas Noe - 2949-2986 CEO Political Leanings and Store‐Level Economic Activity during the COVID‐19 Crisis: Effects on Shareholder Value and Public Health
by John M. Bizjak & Swaminathan L. Kalpathy & Vassil T. Mihov & Jue Ren
August 2022, Volume 77, Issue 4
- 1975-2049 Presidential Address: Corporate Finance and Reality
by John R. Graham - 2051-2091 Do Firms Respond to Gender Pay Gap Transparency?
by Morten Bennedsen & Elena Simintzi & Margarita Tsoutsoura & Daniel Wolfenzon - 2093-2141 Bank Market Power and Monetary Policy Transmission: Evidence from a Structural Estimation
by Yifei Wang & Toni M. Whited & Yufeng Wu & Kairong Xiao - 2143-2181 Quantifying Reduced‐Form Evidence on Collateral Constraints
by Sylvain Catherine & Thomas Chaney & Zongbo Huang & David Sraer & David Thesmar - 2183-2238 A New Test of Risk Factor Relevance
by Alex Chinco & Samuel M. Hartzmark & Abigail B. Sussman - 2239-2285 Testing Disagreement Models
by Yen‐Cheng Chang & Pei‐Jie Hsiao & Alexander Ljungqvist & Kevin Tseng - 2287-2329 Debt Refinancing and Equity Returns
by Nils Friewald & Florian Nagler & Christian Wagner - 2331-2374 Risk‐Sharing and the Term Structure of Interest Rates
by Andrés Schneider - 2375-2421 Stock Market's Assessment of Monetary Policy Transmission: The Cash Flow Effect
by Refet Gürkaynak & Hati̇ce Gökçe Karasoy‐Can & Sang Seok Lee - 2423-2470 The Economics of Deferral and Clawback Requirements
by Florian Hoffmann & Roman Inderst & Marcus Opp - 2471-2523 Financial Crisis, Creditor‐Debtor Conflict, and Populism
by Győző Gyöngyösi & Emil Verner
June 2022, Volume 77, Issue 3
- 1439-1488 Barbarians at the Store? Private Equity, Products, and Consumers
by Cesare Fracassi & Alessandro Previtero & Albert Sheen - 1489-1527 The Wisdom of the Robinhood Crowd
by Ivo Welch - 1529-1585 Fully Closed: Individual Responses to Realized Gains and Losses
by Steffen Meyer & Michaela Pagel - 1587-1633 Long‐Run Risk: Is It There?
by Yukun Liu & Ben Matthies - 1635-1684 The Limits of Model‐Based Regulation
by Markus Behn & Rainer Haselmann & Vikrant Vig - 1685-1736 Resource Allocation in Bank Supervision: Trade‐Offs and Outcomes
by Thomas M. Eisenbach & David O. Lucca & Robert M. Townsend - 1737-1785 Learning by Owning in a Lemons Market
by Jordan Martel & Kenneth Mirkin & Brian Waters - 1787-1828 Is There a Risk Premium in the Stock Lending Market? Evidence from Equity Options
by Dmitriy Muravyev & Neil D. Pearson & Joshua M. Pollet - 1829-1875 Are Analyst Short‐Term Trade Ideas Valuable?
by Justin Birru & Sinan Gokkaya & Xi Liu & René M. Stulz - 1877-1919 Factor Momentum and the Momentum Factor
by Sina Ehsani & Juhani T. Linnainmaa - 1921-1966 Luck versus Skill in the Cross Section of Mutual Fund Returns: Reexamining the Evidence
by Campbell R. Harvey & Yan Liu
April 2022, Volume 77, Issue 2
- 815-862 The Fragility of Market Risk Insurance
by Ralph S.J. Koijen & Motohiro Yogo - 863-921 Predictable Financial Crises
by Robin Greenwood & Samuel G. Hanson & Andrei Shleifer & Jakob Ahm Sørensen - 923-966 Late to Recessions: Stocks and the Business Cycle
by Roberto Gómez‐Cram - 967-1017 Monetary Policy and Asset Valuation
by Francesco Bianchi & Martin Lettau & Sydney C. Ludvigson - 1019-1053 Payment System Externalities
by Christine A. Parlour & Uday Rajan & Johan Walden - 1055-1096 Volatility Expectations and Returns
by Lars A. Lochstoer & Tyler Muir - 1097-1131 Dissecting Conglomerate Valuations
by Oliver Boguth & Ran Duchin & Mikhail Simutin - 1133-1177 Common Risk Factors in Cryptocurrency
by Yukun Liu & Aleh Tsyvinski & Xi Wu - 1179-1218 Do Market Prices Improve the Accuracy of Court Valuations in Chapter 11?
by Cem Demiroglu & Julian Franks & Ryan Lewis - 1219-1258 Regulation of Charlatans in High‐Skill Professions
by Jonathan B. Berk & Jules H. Van Binsbergen - 1259-1324 Going the Extra Mile: Distant Lending and Credit Cycles
by João Granja & Christian Leuz & Raghuram G. Rajan - 1325-1369 Liquidity Fluctuations in Over‐the‐Counter Markets
by Vincent Maurin - 1371-1411 Do Equity Markets Care about Income Inequality? Evidence from Pay Ratio Disclosure
by Yihui Pan & Elena S. Pikulina & Stephan Siegel & Tracy Yue Wang - 1413-1421 Report of the Editor of The Journal of Finance for the Year 2021
by Stefan Nagel
February 2022, Volume 77, Issue 1
- 5-47 Predictably Unequal? The Effects of Machine Learning on Credit Markets
by Andreas Fuster & Paul Goldsmith‐Pinkham & Tarun Ramadorai & Ansgar Walther - 49-83 Forced Entrepreneurs
by Isaac Hacamo & Kristoph Kleiner - 85-128 The Loan Covenant Channel: How Bank Health Transmits to the Real Economy
by Gabriel Chodorow‐Reich & Antonio Falato - 129-161 Monetary Policy Spillovers through Invoicing Currencies
by Tony Zhang - 163-211 Cultural Biases in Equity Analysis
by Vesa Pursiainen - 213-264 Institutional Investors and Corporate Governance: The Incentive to Be Engaged
by Jonathan Lewellen & Katharina Lewellen - 265-315 Non‐Deal Roadshows, Informed Trading, and Analyst Conflicts of Interest
by Daniel Bradley & Russell Jame & Jared Williams - 317-365 Female Representation in the Academic Finance Profession
by Mila Getmansky Sherman & Heather E. Tookes - 367-402 Increasing Enrollment in Income‐Driven Student Loan Repayment Plans: Evidence from the Navient Field Experiment
by Holger Mueller & Constantine Yannelis - 403-447 Borrowing to Save? The Impact of Automatic Enrollment on Debt
by John Beshears & James J. Choi & David Laibson & Brigitte C. Madrian & William L. Skimmyhorn - 449-503 How Do Financial Constraints Affect Product Pricing? Evidence from Weather and Life Insurance Premiums
by Shan Ge - 505-544 Clients' Connections: Measuring the Role of Private Information in Decentralized Markets
by Péter Kondor & Gábor Pintér - 545-599 Stock Market and No‐Dividend Stocks
by Adem Atmaz & Suleyman Basak - 601-638 Skill, Scale, and Value Creation in the Mutual Fund Industry
by Laurent Barras & Patrick Gagliardini & Olivier Scaillet - 639-681 Anomalies and the Expected Market Return
by Xi Dong & Yan Li & David E. Rapach & Guofu Zhou
December 2021, Volume 76, Issue 6
- 2719-2761 Do Intermediaries Matter for Aggregate Asset Prices?
by Valentin Haddad & Tyler Muir - 2763-2803 Currency Mispricing and Dealer Balance Sheets
by Gino Cenedese & Pasquale Della Corte & Tianyu Wang - 2805-2856 Partisan Professionals: Evidence from Credit Rating Analysts
by Elisabeth Kempf & Margarita Tsoutsoura - 2857-2906 Inequality Aversion, Populism, and the Backlash against Globalization
by Ľuboš Pástor & Pietro Veronesi - 2907-2961 Talent in Distressed Firms: Investigating the Labor Costs of Financial Distress
by Ramin P. Baghai & Rui C. Silva & Viktor Thell & Vikrant Vig - 2963-2995 Negative Home Equity and Household Labor Supply
by Asaf Bernstein - 2997-3053 Leverage Regulation and Market Structure: A Structural Model of the U.K. Mortgage Market
by Matteo Benetton - 3055-3102 Fire‐Sale Spillovers in Debt Markets
by Antonio Falato & Ali Hortaçsu & Dan Li & Chaehee Shin - 3103-3152 Intermediation Variety
by Jason Roderick Donaldson & Giorgia Piacentino & Anjan Thakor - 3153-3209 Asset Pricing and Sports Betting
by Tobias J. Moskowitz - 3211-3254 Volatility, Valuation Ratios, and Bubbles: An Empirical Measure of Market Sentiment
by Can Gao & Ian W. R. Martin - 3255-3307 Valuing Private Equity Investments Strip by Strip
by Arpit Gupta & Stijn Van Nieuwerburgh - 3309-3346 Real Estate Shocks and Financial Advisor Misconduct
by Stephen G. Dimmock & William C. Gerken & Tyson Van Alfen - 3347-3399 Economic Stimulus at the Expense of Routine‐Task Jobs
by Selale Tuzel & Miao Ben Zhang - 3401-3446 Information Asymmetry, Mispricing, and Security Issuance
by Jiyoon Lee
October 2021, Volume 76, Issue 5
- 2087-2091 Matteo Maggiori: Winner of the 2021 Fischer Black Prize
by Hanno Lustig - 2093-2151 The Cross Section of MBS Returns
by Peter Diep & Andrea L. Eisfeldt & Scott Richardson - 2153-2197 Reinvestment Risk and the Equity Term Structure
by Andrei S. Gonçalves