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Journal of Financial Economics (JFE)

1,342,747 Total downloads

Viewing: 1 - 50 of 1,293 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: 11 Apr 2022
Accepted Paper Series
Michael C. Jensen and William H. Meckling
Harvard Business School and Simon School, University of Rochester (Deceased)
Downloads 142,671
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
Hendrik Bessembinder
W.P. Carey School of Business
Downloads 43,172
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
Will Gornall and Ilya A. Strebulaev
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 21,770
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
Richard S. Ruback and Michael C. Jensen
Harvard Business School and Harvard Business School
Downloads 15,114
5.

Global Factor Premiums

Journal of Financial Economics (JFE), Volume 142, Issue 3, December 2021, Pages 1128-1154
Number of pages: 69 Posted: 06 Feb 2019 Last Revised: 24 Nov 2021
Accepted Paper Series
Guido Baltussen, Laurens Swinkels and Pim van Vliet
Erasmus University Rotterdam (EUR), Erasmus University Rotterdam (EUR) and Robeco Quantitative Investments
Downloads 14,083
6.

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
Michael C. Jensen
Harvard Business School
Downloads 13,431
7.

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
Victoria Ivashina and David S. Scharfstein
Harvard University and Harvard Business School - Finance Unit
Downloads 11,968
8.

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
Alex Edmans
London Business School - Institute of Finance and Accounting
Downloads 11,443
9.

Core Earnings: New Data and Evidence

Harvard Business School Accounting & Management Unit Working Paper No. 20-047, October 2019, Journal of Financial Economics (JFE), Forthcoming
Number of pages: 71 Posted: 11 Oct 2019 Last Revised: 24 Nov 2020
Accepted Paper Series
Ethan Rouen, Eric C. So and Charles C. Y. Wang
Harvard Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Harvard Business School (HBS)
Downloads 10,656
10.

The Remarkable Growth in Financial Economics, 1974-2020: Online Appendix

Journal of Financial Economics (JFE), Vol. 140, No. 3, 2021
Number of pages: 281 Posted: 15 Dec 2020 Last Revised: 12 May 2021
Accepted Paper Series
G. William Schwert
University of Rochester - Simon Business School
Downloads 10,648
11.

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
Pedro Barroso and Pedro Santa-Clara
CATÓLICA-LISBON School of Business & Economics and Nova School of Business and Economics
Downloads 9,142
12.

Corporate Culture: Evidence from the Field

Journal of Financial Economics (JFE), Forthcoming, 27th Annual Conference on Financial Economics and Accounting Paper, Columbia Business School Research Paper No. 16-49, Duke I&E Research Paper No. 2016-33
Number of pages: 133 Posted: 09 Jul 2016 Last Revised: 28 Jul 2022
Accepted Paper Series
John R. Graham, Jillian Grennan, Campbell R. Harvey and Shivaram Rajgopal
Duke University, Santa Clara University, Leavey School of Business, Duke University - Fuqua School of Business and Columbia University - Columbia Business School, Accounting, Business Law & Taxation

Multiple version iconThere are 2 versions of this paper

Downloads 8,966
13.

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
Caroline Flammer
Columbia University
Downloads 8,899
14.

Do Investors Care about Carbon Risk?

Columbia Business School Research Paper Forthcoming, Journal of Financial Economics (JFE), Forthcoming, European Corporate Governance Institute – Finance Working Paper 711/2020
Number of pages: 91 Posted: 11 Jun 2019 Last Revised: 20 Nov 2020
Accepted Paper Series
Patrick Bolton and Marcin T. Kacperczyk
Imperial College London and Imperial College London - Accounting, Finance, and Macroeconomics

Multiple version iconThere are 3 versions of this paper

Downloads 7,776
15.

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
David Easley, Marcos Lopez de Prado, Marcos Lopez de Prado and Maureen O'Hara
Cornell University - Department of Economics, Cornell University - Operations Research & Industrial EngineeringAbu Dhabi Investment Authority and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 7,587
16.

Hedging Demand and Market Intraday Momentum

Journal of Financial Economics (JFE), Volume 142, Issue 1, October 2021, Pages 377-403
Number of pages: 60 Posted: 26 Jan 2021 Last Revised: 24 Nov 2021
Working Paper Series
Guido Baltussen, Zhi Da, Sten Lammers and Martin Martens
Erasmus University Rotterdam (EUR), University of Notre Dame - Mendoza College of Business, Erasmus University Rotterdam (EUR) - Erasmus School of Economics (ESE) and Erasmus University Rotterdam
Downloads 7,224
17.

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
Lily H. Fang, Victoria Ivashina and Josh Lerner
INSEAD - Finance, Harvard University and Harvard Business School - Finance Unit

Multiple version iconThere are 2 versions of this paper

Downloads 6,558
18.

Sustainable Investing in Equilibrium

Chicago Booth Research Paper No. 20-12, Fama-Miller Working Paper, Journal of Financial Economics (JFE), Forthcoming, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 54 Posted: 19 Dec 2019 Last Revised: 12 Aug 2020
Accepted Paper Series
Lubos Pastor, Robert F. Stambaugh and Lucian A. Taylor
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School

Multiple version iconThere are 3 versions of this paper

Downloads 6,346
19.

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
Robert F. Stambaugh, Jianfeng Yu and Yu Yuan
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 6,230
20.

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
Michael C. Jensen and Jerold B. Warner
Harvard Business School and University of Rochester – Simon Business School
Downloads 6,181
21.

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
Rüdiger Fahlenbrach and René M. Stulz
Ecole Polytechnique Fédérale de Lausanne and Ohio State University (OSU) - Department of Finance

Multiple version iconThere are 2 versions of this paper

Downloads 6,180
22.

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
David Rapach, Matthew C. Ringgenberg and Guofu Zhou
Research Department, Federal Reserve Bank of Atlanta, University of Utah - Department of Finance and Washington University in St. Louis - John M. Olin Business School
Downloads 5,817
23.

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
Yigit Atilgan, Turan G. Bali, K. Ozgur Demirtas and A. Doruk Gunaydin
Sabanci University, Georgetown University - McDonough School of Business, Sabanci University Graduate School of Management and Sabanci University
Downloads 5,437
24.

Retail Trader Sophistication and Stock Market Quality: Evidence from Brokerage Outages

Journal of Financial Economics (JFE), Vol. 146, 2022, pp. 502-528
Number of pages: 68 Posted: 01 Feb 2021 Last Revised: 03 Nov 2022
Accepted Paper Series
Gregory W. Eaton, T. Clifton Green, Brian Roseman and Yanbin Wu
Oklahoma State University - Stillwater - Department of Finance, Emory University - Department of Finance, Oklahoma State University - Department of Finance and University of Florida - Department of Finance, Insurance and Real Estate
Downloads 5,296
25.

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
Ian Appel, Todd A. Gormley and Donald B. Keim
UVA Darden, Washington University in St. Louis and University of Pennsylvania - Wharton School
Downloads 5,161
26.

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
Martijn Cremers and Ankur Pareek
University of Notre Dame and Bucknell University, Freeman College of Management
Downloads 5,066
27.

Understanding Momentum and Reversals

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 32 Posted: 19 Jun 2020 Last Revised: 24 Feb 2021
Accepted Paper Series
Bryan T. Kelly, Tobias J. Moskowitz, Tobias J. Moskowitz and Seth Pruitt
Yale SOM, Yale University, Yale SOMAQR Capital and Arizona State University (ASU) - Finance Department
Downloads 4,897
28.

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
Howell E. Jackson and Mark J. Roe
Harvard Law School and Harvard Law School
Downloads 4,565
29.

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
Paul A. Gompers, Steven N. Kaplan and Vladimir Mukharlyamov
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 4,445
30.

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
Scott Dyreng, Bradley P. Lindsey and Jacob R. Thornock
Duke University - Accounting, Utah State University - School of Accountancy and Brigham Young University
Downloads 4,422
31.

Artificial Intelligence, Firm Growth, and Product Innovation

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 100 Posted: 27 Aug 2020 Last Revised: 13 Feb 2023
Accepted Paper Series
Tania Babina, Anastassia Fedyk, Alex Xi He and James Hodson
Columbia University - Columbia Business School, Finance, University of California, Berkeley - Haas School of Business, University of Maryland - Robert H. Smith School of Business and AI for Good
Downloads 4,421
32.

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
Audra L. Boone, Laura Casares Field, Jonathan M. Karpoff and Charu G. Raheja
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 4,333
33.

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
Asaf Bernstein, Matthew Gustafson and Ryan Lewis
University of Colorado at Boulder, Pennsylvania State University - Smeal College of Business and University of Colorado, Boulder
Downloads 4,259
34.

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
Harrison G. Hong and Motohiro Yogo
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 4,178
35.

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
Ronnie Sadka
Boston College - Carroll School of Management
Downloads 3,980
36.

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
Harry DeAngelo and Ronald W. Masulis
University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of New South Wales, Sydney
Downloads 3,899
37.

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
Lucian A. Bebchuk, Alma Cohen and Charles C. Y. Wang
Harvard Law School, Harvard Law School and Harvard Business School (HBS)

Multiple version iconThere are 2 versions of this paper

Downloads 3,829
38.

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
Ray Ball, Joseph Gerakos, Juhani T. Linnainmaa and Valeri V. Nikolaev
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 3,779
39.

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
Diego Amaya, Peter Christoffersen, Kris Jacobs and Aurelio Vasquez
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 3,773
40.

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
Pengjie Gao, Chang Lee and Dermot Murphy
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 3,700
41.

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
Alon Brav, Wei Jiang, Song Ma and Xuan Tian
Duke University - Fuqua School of Business, Emory University Goizueta Business School, Yale School of Management and Tsinghua University - PBC School of Finance

Multiple version iconThere are 2 versions of this paper

Downloads 3,683
42.

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
Murillo Campello, John R. Graham and Campbell R. Harvey
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 3,605
43.

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
Jeffrey L. Coles, Michael L. Lemmon and Felix Meschke
University of Utah - Department of Finance, University of Utah - Department of Finance and University of Kansas - Finance Area
Downloads 3,582
44.

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
Jonathan Brogaard, Allen Carrion, Thibaut Moyaert, Ryan Riordan, Andriy Shkilko and Konstantin Sokolov
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 3,567
45.

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
Daniel Bergstresser and Thomas Philippon
affiliation not provided to SSRN and New York University (NYU) - Department of Finance

Multiple version iconThere are 2 versions of this paper

Downloads 3,560
46.

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
Eric C. So and Sean Wang
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Southern Methodist University (SMU) - Accounting Department
Downloads 3,497
47.

Size and Value in China

Journal of Financial Economics (JFE), Forthcoming, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 56 Posted: 24 Jan 2018 Last Revised: 12 Aug 2020
Accepted Paper Series
Jianan Liu, Robert F. Stambaugh and Yu Yuan
Mingshi Investment Management, University of Pennsylvania - The Wharton School and Shanghai Mingshi Investment Company

Multiple version iconThere are 2 versions of this paper

Downloads 3,482
48.

Music Sentiment and Stock Returns Around the World

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 43 Posted: 18 Feb 2021 Last Revised: 14 Aug 2021
Accepted Paper Series
Alex Edmans, Adrian Fernandez-Perez, Alexandre Garel and Ivan Indriawan
London Business School - Institute of Finance and Accounting, Auckland University of Technology, Audencia Business School and University of Adelaide

Multiple version iconThere are 2 versions of this paper

Downloads 3,432
49.

Agnostic Fundamental Analysis Works

Journal of Financial Economics, Vol. 128 (1), April 2018, 125–147.
Number of pages: 56 Posted: 07 Oct 2015 Last Revised: 30 Aug 2021
Accepted Paper Series
Söhnke M. Bartram and Mark Grinblatt
University of Warwick and University of California, Los Angeles (UCLA) - Finance Area

Multiple version iconThere are 2 versions of this paper

Downloads 3,427
50.

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
James S. Linck, Jeffry M. Netter and Tina Yang
Southern Methodist University (SMU) - Finance Department, Department of Finance and University of South Florida - Muma College of Business
Downloads 3,380