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Journal of Financial Economics (JFE)

990,389 Total downloads

Viewing: 1 - 50 of 1,137 papers

1.

Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure

Michael C. Jensen, A THEORY OF THE FIRM: GOVERNANCE, RESIDUAL CLAIMS AND ORGANIZATIONAL FORMS, Harvard University Press, December 2000, Journal of Financial Economics (JFE), Vol. 3, No. 4, 1976
Number of pages: 78 Posted: 19 Jul 1998 Last Revised: 18 May 2013
Accepted Paper Series
Harvard Business School and Simon School, University of Rochester (Deceased)
Downloads 134,925
2.

Do Stocks Outperform Treasury Bills?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 53 Posted: 19 Jan 2017 Last Revised: 03 Jun 2018
Accepted Paper Series
Arizona State University
Downloads 30,426
3.

Squaring Venture Capital Valuations with Reality

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 57 Posted: 22 Apr 2017 Last Revised: 10 Dec 2019
Accepted Paper Series
University of British Columbia (UBC) - Sauder School of Business and Stanford University - Graduate School of Business

Multiple version iconThere are 2 versions of this paper

Downloads 17,362
4.

The Market for Corporate Control: The Scientific Evidence

Journal of Financial Economics, Vol. 11, pp. 5-50, 1983
Number of pages: 62 Posted: 31 Aug 2002
Accepted Paper Series
Harvard Business School and Harvard Business School
Downloads 14,219
5.

Some Anomalous Evidence Regarding Market Efficiency

Journal of Financial Economics, Vol. 6, Nos. 2/3, pp. 95-101, 1978
Number of pages: 10 Posted: 12 Aug 2002 Last Revised: 23 Apr 2011
Accepted Paper Series
Harvard Business School
Downloads 11,787
6.

Bank Lending During the Financial Crisis of 2008

EFA 2009 Bergen Meetings Paper, Journal of Financial Economics (JFE), Vol. 97, 319-338, 2010
Number of pages: 45 Posted: 10 Nov 2008 Last Revised: 15 Feb 2018
Accepted Paper Series
Harvard University and Harvard Business School - Finance Unit
Downloads 11,178
7.

Does the Stock Market Fully Value Intangibles? Employee Satisfaction and Equity Prices

Journal of Financial Economics 101(3), 621-640, September 2011
Number of pages: 43 Posted: 19 Mar 2008 Last Revised: 19 Dec 2013
Accepted Paper Series
London Business School - Institute of Finance and Accounting
Downloads 10,437
8.

Momentum Has Its Moments

Journal of Financial Economics (JFE), vol. 116, Issue 1, 2015, 111-120
Number of pages: 39 Posted: 18 Apr 2012 Last Revised: 20 Nov 2015
Accepted Paper Series
CATÓLICA-LISBON School of Business & Economics and New University of Lisbon - Nova School of Business and Economics
Downloads 7,044
9.

Discerning Information from Trade Data

Journal of Financial Economics, 120(2), pp. 269-286. May 2016, Johnson School Research Paper Series No. 8-2012
Number of pages: 56 Posted: 23 Jan 2012 Last Revised: 16 May 2016
Accepted Paper Series
Cornell University - Department of Economics, Cornell University - Operations Research & Industrial Engineering and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 6,194
10.

The Disintermediation of Financial Markets: Direct Investing in Private Equity

Journal of Financial Economics (JFE), 116 (1), 160-178, 2015
Number of pages: 49 Posted: 09 Oct 2012 Last Revised: 15 Feb 2018
Accepted Paper Series
INSEAD - Finance, Harvard University and Harvard Business School - Finance Unit

Multiple version iconThere are 2 versions of this paper

Downloads 6,144
11.

Bank CEO Incentives and the Credit Crisis

Journal of Financial Economics (JFE), Forthcoming, Charles A Dice Center Working Paper No. 2009-13, Fisher College of Business Working Paper No. 2009-03-13, Swiss Finance Institute Research Paper No. 09-27, ECGI - Finance Working Paper No. 256/2009
Number of pages: 43 Posted: 28 Jul 2009 Last Revised: 27 Sep 2010
Working Paper Series
Ecole Polytechnique Fédérale de Lausanne and Ohio State University (OSU) - Department of Finance

Multiple version iconThere are 2 versions of this paper

Downloads 5,977
12.

The Distribution of Power Among Corporate Managers, Shareholders, and Directors

Journal of Financial Economics (JFE), Vol. 20, pp. 3-24, 1988, Michael C. Jensen, A THEORY OF THE FIRM: GOVERNANCE, RESIDUAL CLAIMES AND ORGANIZATIONAL FORMS, Harvard University Press, December 2000, Harvard NOM Working Paper No. 00-09
Number of pages: 27 Posted: 11 Oct 2000 Last Revised: 24 Feb 2012
Accepted Paper Series
Harvard Business School and University of Rochester – Simon Business School
Downloads 5,936
13.

The Short of It: Investor Sentiment and Anomalies

Journal of Financial Economics (JFE), Vol. 104, pp 288-302, May 2012, AFA 2012 Chicago Meetings Paper
Number of pages: 37 Posted: 15 Mar 2010 Last Revised: 11 Mar 2012
Accepted Paper Series
University of Pennsylvania - The Wharton School, Tsinghua University - PBC School of Finance and Shanghai Mingshi Investment Company

Multiple version iconThere are 2 versions of this paper

Downloads 5,429
14.

Short Interest and Aggregate Stock Returns

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 51 Posted: 02 Aug 2014 Last Revised: 20 Feb 2016
Working Paper Series
Saint Louis University, University of Utah - Department of Finance and Washington University in St. Louis - John M. Olin Business School
Downloads 4,570
15.

Passive Investors, Not Passive Owners

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 77 Posted: 03 Aug 2014 Last Revised: 15 Mar 2016
Accepted Paper Series
Boston College - Carroll School of Management, Washington University in St. Louis and University of Pennsylvania - Wharton School
Downloads 4,470
16.

Patient Capital Outperformance: The Investment Skill of High Active Share Managers Who Trade Infrequently

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 70 Posted: 21 Sep 2014 Last Revised: 21 Jul 2016
Accepted Paper Series
University of Notre Dame and University of Nevada, Las Vegas - College of Business
Downloads 4,309
17.

Public and Private Enforcement of Securities Laws: Resource-Based Evidence

Journal of Financial Economics (JFE), Vol. 93, 2009, Harvard Public Law Working Paper No. 0-28, Harvard Law and Economics Discussion Paper No. 638
Number of pages: 55 Posted: 11 Jul 2007 Last Revised: 13 Jan 2015
Accepted Paper Series
Harvard Law School and Harvard Law School
Downloads 4,296
18.

Corporate Green Bonds

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 54 Posted: 27 Feb 2018 Last Revised: 16 Apr 2020
Accepted Paper Series
Boston University
Downloads 4,272
19.

The Determinants of Corporate Board Size and Composition: An Empirical Analysis

Journal of Financial Economics (JFE), Vol. 85, No. 1, 2007, AFA 2005 Philadelphia Meetings
Number of pages: 36 Posted: 18 Oct 2004 Last Revised: 21 Jun 2017
Accepted Paper Series
Texas Christian University - M.J. Neeley School of Business, University of Delaware - Alfred Lerner College of Business and Economics, University of Washington - Michael G. Foster School of Business and Wake Forest University
Downloads 4,137
20.

Left-Tail Momentum: Underreaction to Bad News, Costly Arbitrage and Equity Returns

Journal of Financial Economics (JFE), Vol. 135, No. 3, 2020
Number of pages: 85 Posted: 16 Nov 2017 Last Revised: 03 Mar 2020
Accepted Paper Series
Sabanci University, Georgetown University - Robert Emmett McDonough School of Business, Sabanci University Graduate School of Management and Sabanci University
Downloads 4,128
21.

Exploring the Role Delaware Plays as a Domestic Tax Haven

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 48 Posted: 12 Jan 2011 Last Revised: 11 Apr 2013
Accepted Paper Series
Duke University - Accounting, Utah State University - School of Accountancy and Brigham Young University
Downloads 4,106
22.

What Does Futures Market Interest Tell Us about the Macroeconomy and Asset Prices?

Journal of Financial Economics (JFE), Vol. 105, No. 3, 2012, AFA 2010 Atlanta Meetings Paper
Number of pages: 46 Posted: 22 Mar 2009 Last Revised: 24 Jun 2012
Accepted Paper Series
Columbia University, Graduate School of Arts and Sciences, Department of Economics and Princeton University - Department of Economics

Multiple version iconThere are 2 versions of this paper

Downloads 3,902
23.

Momentum and Post-Earnings-Announcement Drift Anomalies: The Role of Liquidity Risk

Journal of Financial Economics, Forthcoming, EFA 2004 Maastricht Meetings Paper No. 5290
Number of pages: 46 Posted: 09 Sep 2003
Accepted Paper Series
Boston College - Carroll School of Management
Downloads 3,720
24.

Structural Models and Endogeneity in Corporate Finance: The Link Between Managerial Ownership and Corporate Performance

Journal of Financial Economics (JFE) 103, no. 1 (2012): 149-168
Number of pages: 60 Posted: 18 Jul 2003 Last Revised: 17 Jul 2015
Accepted Paper Series
University of Utah - Department of Finance, University of Utah - Department of Finance and University of Kansas - Finance Area
Downloads 3,479
25.

The Real Effects of Financial Constraints: Evidence from a Financial Crisis

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 38 Posted: 22 Dec 2008 Last Revised: 26 Dec 2009
Accepted Paper Series
Cornell University - Samuel Curtis Johnson Graduate School of Management, Duke University and Duke University - Fuqua School of Business

Multiple version iconThere are 3 versions of this paper

Downloads 3,472
26.

Learning and the Disappearing Association Between Governance and Returns

Journal of Financial Economics, Vol. 108, No. 2, pp. 323-348, May 2013, Harvard Law School John M. Olin Center Discussion Paper No. 667
Number of pages: 56 Posted: 14 Apr 2010 Last Revised: 12 Jun 2014
Accepted Paper Series
Harvard Law School, Harvard Law School and Harvard Business School

Multiple version iconThere are 2 versions of this paper

Downloads 3,410
27.

CEO Incentives and Earnings Management

Journal of Financial Economics, Forthcoming, HBS Finance Working Paper No. 640585
Number of pages: 29 Posted: 02 Feb 2005
Accepted Paper Series
Brandeis International Business School and New York University (NYU) - Department of Finance

Multiple version iconThere are 2 versions of this paper

Downloads 3,399
28.

Optimal Capital Structure Under Corporate and Personal Taxation

Journal of Financial Economics, Vol. 8, No. 1, pp. 3-27, 1980
Number of pages: 27 Posted: 04 Oct 2009 Last Revised: 12 Oct 2009
Accepted Paper Series
University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of New South Wales, Sydney
Downloads 3,239
29.

Disaster on the Horizon: The Price Effect of Sea Level Rise

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 64 Posted: 21 Nov 2017 Last Revised: 26 Jul 2018
Accepted Paper Series
University of Colorado at Boulder, Pennsylvania State University - Smeal College of Business and University of Colorado, Boulder
Downloads 3,220
30.

Accruals, Cash Flows, and Operating Profitability in the Cross Section of Stock Returns

Journal of Financial Economics (JFE), Forthcoming, Fama-Miller Working Paper, Chicago Booth Research Paper No. 15-12
Number of pages: 47 Posted: 01 Apr 2015 Last Revised: 21 Sep 2015
Accepted Paper Series
University of Chicago - Booth School of Business, Tuck School of Business at Dartmouth College, Dartmouth College - Tuck School of Business and University of Chicago Booth School of Business
Downloads 3,193
31.

News-Driven Return Reversals: Liquidity Provision Ahead of Earnings Announcements

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 38 Posted: 09 Jun 2013 Last Revised: 14 Jun 2014
Accepted Paper Series
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Southern Methodist University
Downloads 3,180
32.

The Determinants of Board Structure

Journal of Financial Economics (JFE), No. 87, 2008
Number of pages: 45 Posted: 30 May 2005 Last Revised: 04 Mar 2018
Accepted Paper Series
Southern Methodist University (SMU) - Finance Department, Department of Finance and University of South Florida - Muma College of Business
Downloads 3,166
33.

Payout Policy Through the Financial Crisis: The Growth of Repurchases and the Resilience of Dividends

Journal of Financial Economics (JFE), Forthcoming, Chicago Booth Research Paper No. 12-01
Number of pages: 41 Posted: 05 Jan 2012 Last Revised: 24 Nov 2015
Working Paper Series
University of California San Diego, University of Toronto - Rotman School of Management and The University of Chicago - Booth School of Business
Downloads 3,136
34.

Does Realized Skewness Predict the Cross-Section of Equity Returns?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 58 Posted: 31 Jul 2011 Last Revised: 10 Mar 2015
Working Paper Series
Wilfrid Laurier University, University of Toronto - Rotman School of Management, University of Houston - C.T. Bauer College of Business and Instituto Tecnológico Autónomo de México (ITAM) - Department of Business Administration
Downloads 3,131
35.

Rating Agencies in the Face of Regulation

Journal of Financial Economics (JFE), Vol. 108, pp. 64-81, 2013, Chicago Booth Research Paper No. 13-05, Fama-Miller Working Paper, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 33 Posted: 26 Jan 2010 Last Revised: 11 Aug 2020
Accepted Paper Series
University of Rochester - Simon Business School, Stockholm School of Economics - Department of Finance and University of Chicago - Finance
Downloads 3,117
36.

Agnostic Fundamental Analysis Works

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 56 Posted: 07 Oct 2015 Last Revised: 18 Dec 2017
Accepted Paper Series
Warwick Business School - Department of Finance and University of California, Los Angeles (UCLA) - Finance Area

Multiple version iconThere are 2 versions of this paper

Downloads 3,093
37.

High-Frequency Trading and Extreme Price Movements

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 46 Posted: 28 Nov 2014 Last Revised: 19 Jun 2020
Accepted Paper Series
University of Utah - David Eccles School of Business, University of Memphis - Fogelman College of Business and Economics, Louvain School of Management (UCL), Queen's University - Smith School of Business, Wilfrid Laurier University - Lazaridis School of Business and Economics and University of Memphis - Fogelman College of Business and Economics
Downloads 3,046
38.

How Does Hedge Fund Activism Reshape Corporate Innovation?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 85 Posted: 17 Mar 2014 Last Revised: 05 Jul 2017
Accepted Paper Series
Duke University - Fuqua School of Business, Columbia Business School - Finance and Economics, Yale School of Management and Tsinghua University - PBC School of Finance

Multiple version iconThere are 2 versions of this paper

Downloads 3,028
39.

What Do Private Equity Firms Say They Do?

Journal of Financial Economics (JFE), Vol. 121, No. 3, 2016
Number of pages: 72 Posted: 11 Jun 2014 Last Revised: 10 May 2017
Accepted Paper Series
Harvard Business School - Finance Unit, University of Chicago - Booth School of Business and Georgetown University - McDonough School of Business

Multiple version iconThere are 3 versions of this paper

Downloads 3,025
40.

Idiosyncratic Risk and the Cross-Section of Expected Stock Returns

Journal of Financial Economics, Vol. 91, pp. 24-37, January 2009
Number of pages: 45 Posted: 08 Jul 2005 Last Revised: 13 Nov 2013
Accepted Paper Series
Singapore Management University - Lee Kong Chian School of Business
Downloads 2,957
41.

Financing Dies in Darkness? The Impact of Newspaper Closures on Public Finance

Journal of Financial Economics, (2020) vol. 135, no. 2, 445-467
Number of pages: 71 Posted: 15 May 2018 Last Revised: 12 Oct 2020
Accepted Paper Series
University of Notre Dame - Mendoza College of Business, Korea Advanced Institute of Science and Technology (KAIST) - College of Business and University of Illinois at Chicago
Downloads 2,904
42.

The Dark Side of Analyst Coverage: The Case of Innovation

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 53 Posted: 14 Nov 2011 Last Revised: 02 Jul 2014
Accepted Paper Series
University of Georgia - Department of Finance and Tsinghua University - PBC School of Finance
Downloads 2,883
43.

As Certain as Debt and Taxes: Estimating the Tax Sensitivity of Leverage from State Tax Changes

Journal of Financial Economics (JFE), 118, 684-712 (2015)
Number of pages: 73 Posted: 18 Mar 2012 Last Revised: 24 May 2016
Accepted Paper Series
European Central Bank (ECB) and Stockholm School of Economics

Multiple version iconThere are 4 versions of this paper

Downloads 2,865
44.

The Common Factor in Idiosyncratic Volatility: Quantitative Asset Pricing Implications

Journal of Financial Economics (JFE), Forthcoming, Fama-Miller Working Paper, Chicago Booth Research Paper No. 12-54
Number of pages: 53 Posted: 12 Nov 2012 Last Revised: 15 Nov 2015
Accepted Paper Series
University of California, Los Angeles (UCLA) - Anderson School of Management, Yale SOM, Stanford Graduate School of Business and Columbia University Graduate School of Business

Multiple version iconThere are 2 versions of this paper

Downloads 2,843
45.

How are Shorts Informed? Short Sellers, News, and Information Processing

Journal of Financial Economics, Forthcoming
Number of pages: 53 Posted: 13 Jan 2010 Last Revised: 09 Oct 2012
Working Paper Series
University of California, San Diego (UCSD) - Rady School of Management, University of North Carolina Kenan-Flagler Business School and University of Utah - Department of Finance

Multiple version iconThere are 3 versions of this paper

Downloads 2,714
46.

Asymmetric Information Effects on Loan Spreads

Journal of Financial Economics 92 (2009), pp. 300-319
Number of pages: 42 Posted: 18 Nov 2005 Last Revised: 31 Jul 2009
Working Paper Series
Harvard University
Downloads 2,708
47.

The Costs of Entrenched Boards

Journal of Financial Economics, Vol. 78, pp. 409-433, 2005, Harvard Law and Economics Discussion Paper No. 478
Number of pages: 37 Posted: 08 Dec 2003 Last Revised: 23 May 2019
Accepted Paper Series
Harvard Law School and Harvard Law School

Multiple version iconThere are 2 versions of this paper

Downloads 2,694
48.

The CEO Pay Slice

102 Journal of Financial Economics, Vol. 102, 2011, pp. 199-221
Number of pages: 55 Posted: 15 Nov 2007 Last Revised: 20 Nov 2018
Accepted Paper Series
Harvard Law School, University of Notre Dame and INSEAD - Finance

Multiple version iconThere are 2 versions of this paper

Downloads 2,685
49.

Higher Risk, Lower Returns: What Hedge Fund Investors Really Earn

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 43 Posted: 05 Mar 2009 Last Revised: 29 Aug 2010
Accepted Paper Series
Emory University - Department of Accounting and University of Michigan

Multiple version iconThere are 2 versions of this paper

Downloads 2,619
50.

When Are Outside Directors Effective?

Journal of Financial Economics (JFE), Forthcoming, USC CLEO Research Paper No. C07-13, Marshall School of Business Working Paper No. MKT 02-09
Number of pages: 61 Posted: 26 Mar 2008 Last Revised: 13 Nov 2013
Accepted Paper Series
Boston College - Carroll School of Management, University of Southern California - Marshall School of Business and University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 2,607