2019

Journal of Finance

• (Almost) Model‐Free Recovery, 2019, Paul Schneider; Fabio Trojani
• A Dynamic Model of Characteristic‐Based Return Predictability, 2019, Aydoğan Alti; Sheridan Titman
• A Note on “Risk Reduction in Large Portfolios: Why Imposing the Wrong Constraints Helps”, 2019, Ravi Jagannathan; Tongshu Ma; Jiaqi Zhang
• A Test of the Modigliani‐Miller Invariance Theorem and Arbitrage in Experimental Asset Markets, 2019, Gary Charness; Tibor Neugebauer
• AMERICAN FINANCE ASSOCIATION, 2019, John Graham
• AMERICAN FINANCE ASSOCIATION, 2019, Kenneth Singleton
• An Explanation of Negative Swap Spreads: Demand for Duration from Underfunded Pension Plans, 2019, Sven Klingler; Suresh Sundaresan
• Asset Allocation in Bankruptcy, 2019, Shai Bernstein; Emanuele Colonnelli; Benjamin Iverson
• Basis‐Momentum, 2019, Martijn Boons; Melissa Porras Prado
• Brokers and Order Flow Leakage: Evidence from Fire Sales, 2019, Andrea Barbon; Francesco Franzoni; Augustin Landier; Marco Di Maggio
• Brokers versus Retail Investors: Conflicting Interests and Dominated Products, 2019, Mark Egan
• CEO Horizon, Optimal Pay Duration, and the Escalation of Short‐Termism, 2019, Ivan Marinovic; Felipe Varas
• Capital Share Dynamics When Firms Insure Workers, 2019, Barney Hartman‐Glaser; Hanno Lustig; Mindy Z. Xiaolan
• Capital Share Risk in U.S. Asset Pricing, 2019, Martin Lettau; Sydney C. Ludvigson; Sai Ma
• Cautious Risk Takers: Investor Preferences and Demand for Active Management, 2019, Valery Polkovnichenko; Kelsey D. Wei; Feng Zhao
• Corrigendum for Dividend Dynamics, Learning, and Expected Stock Index Returns, 2019, Ravi Jagannathan; Binying Liu; Jiaqi Zhang
• Costly Information Acquisition, Social Networks, and Asset Prices: Experimental Evidence, 2019, Edward Halim; Yohanes E. Riyanto; Nilanjan Roy
• Dealer Networks, 2019, Dan Li; Norman Schürhoff
• Diagnostic Expectations and Stock Returns, 2019, Pedro Bordalo; Nicola Gennaioli; Rafael La Porta; Andrei Shleifer
• Dividend Dynamics, Learning, and Expected Stock Index Returns, 2019, Ravi Jagannathan; Binying Liu
• Do Investors Value Sustainability? A Natural Experiment Examining Ranking and Fund Flows, 2019, Samuel M. Hartzmark; Abigail B. Sussman
• Do Portfolio Manager Contracts Contract Portfolio Management?, 2019, Jung Hoon Lee; Charles Trzcinka; Shyam Venkatesan
• Employee Stock Option Exercise and Firm Cost, 2019, Jennifer N. Carpenter; Richard Stanton; Nancy Wallace
• Equity Misvaluation and Default Options, 2019, Assaf Eisdorfer; Amit Goyal; Alexei Zhdanov
• Financial Markets Where Traders Neglect the Informational Content of Prices, 2019, Erik Eyster; Matthew Rabin; Dimitri Vayanos
• Financial Markets, the Real Economy, and Self‐Fulfilling Uncertainties, 2019, Jess Benhabib; Xuewen Liu; Pengfei Wang
• Foreclosure Contagion and the Neighborhood Spillover Effects of Mortgage Defaults, 2019, Arpit Gupta
• Funding Liquidity without Banks: Evidence from a Shock to the Cost of Very Short‐Term Debt, 2019, Lina Cardona‐Sosa; Felipe Restrepo; Philip E. Strahan
• Funding Value Adjustments, 2019, Leif Andersen; Darrell Duffie; Yang Song
• High‐Frequency Trading around Large Institutional Orders, 2019, Vincent Van Kervel; Albert J. Menkveld
• Household Debt Overhang and Unemployment, 2019, Jason Roderick Donaldson; Giorgia Piacentino; Anjan Thakor
• How Crashes Develop: Intradaily Volatility and Crash Evolution, 2019, David S. Bates
• How Do Investment Ideas Spread through Social Interaction? Evidence from a Ponzi Scheme, 2019, Ville Rantala
• Income Hedging, Dynamic Style Preferences, and Return Predictability, 2019, Jawad M. Addoum; Stefanos Delikouras; George M. Korniotis; Alok Kumar
• Information Revelation in Decentralized Markets, 2019, Björn Hagströmer; Albert J. Menkveld
• Investment and the Cross‐Section of Equity Returns, 2019, Gian Luca Clementi; Berardino Palazzo
• Labor‐Technology Substitution: Implications for Asset Pricing, 2019, Miao Ben Zhang
• Leverage and the Cross‐Section of Equity Returns, 2019, Hitesh Doshi; Kris Jacobs; Praveen Kumar; Ramon Rabinovitch
• Limited Investment Capital and Credit Spreads, 2019, Emil N. Siriwardane
• Liquidity Risk and the Dynamics of Arbitrage Capital, 2019, Péter Kondor; Dimitri Vayanos
• Measuring Institutional Investors’ Skill at Making Private Equity Investments, 2019, Daniel R. Cavagnaro; Berk A. Sensoy; Yingdi Wang; Michael S. Weisbach
• Nonfinancial Firms as Cross‐Market Arbitrageurs, 2019, Yueran Ma
• Nonlinearity and Flight‐to‐Safety in the Risk‐Return Trade‐Off for Stocks and Bonds, 2019, Tobias Adrian; Richard K. Crump; Erik Vogt
• On Equilibrium When Contingent Capital Has a Market Trigger: A Correction to Sundaresan and Wang Journal of Finance (2015), 2019, George Pennacchi; Alexei Tchistyi
• Optimal Contracting, Corporate Finance, and Valuation with Inalienable Human Capital, 2019, Patrick Bolton; Neng Wang; Jinqiang Yang
• Over‐the‐Counter Market Frictions and Yield Spread Changes, 2019, Nils Friewald; Florian Nagler
• Personal Experiences and Expectations about Aggregate Outcomes, 2019, Theresa Kuchler; Basit Zafar
• Political Connections and Allocative Distortions, 2019, David Schoenherr
• Portfolio Manager Compensation in the U.S. Mutual Fund Industry, 2019, Juan‐Pedro Gómez; Linlin Ma; Yuehua Tang
• Presidential Address: Collateral and Commitment, 2019, Peter M. Demarzo
• Price Discovery without Trading: Evidence from Limit Orders, 2019, Jonathan Brogaard; Terrence Hendershott; Ryan Riordan
• Proxy Advisory Firms: The Economics of Selling Information to Voters, 2019, Andrey Malenko; Nadya Malenko
• Ratings Quality and Borrowing Choice, 2019, Dominique C. Badoer; Cem Demiroglu; Christopher M. James
• Real Anomalies, 2019, Jules H. Van Binsbergen; Christian C. Opp
• Reassessing False Discoveries in Mutual Fund Performance: Skill, Luck, or Lack of Power?, 2019, Angie Andrikogiannopoulou; Filippos Papakonstantinou
• Report of the Editor of The Journal of Finance for the Year 2018, 2019, Stefan Nagel
• Robust Measures of Earnings Surprises, 2019, Chin‐Han Chiang; Wei Dai; Jianqing Fan; Harrison Hong; Jun Tu
• Sentiment Metrics and Investor Demand, 2019, Luke Devault; Richard Sias; Laura Starks
• Sparse Signals in the Cross‐Section of Returns, 2019, Alex Chinco; Adam D. Clark‐Joseph; Mao Ye
• Stealing Deposits: Deposit Insurance, Risk‐Taking, and the Removal of Market Discipline in Early 20th‐Century Banks, 2019, Charles W. Calomiris; Matthew Jaremski
• Sticky Expectations and the Profitability Anomaly, 2019, Jean‐Philippe Bouchaud; Philipp Krüger; Augustin Landier; David Thesmar
• Stock Returns over the FOMC Cycle, 2019, Anna Cieslak; Adair Morse; Annette Vissing‐Jorgensen
• Stockholders’ Unrealized Returns and the Market Reaction to Financial Disclosures, 2019, Eric Weisbrod
• The Best of Both Worlds: Accessing Emerging Economies via Developed Markets, 2019, Joon Woo Bae; Redouane Elkamhi; Mikhail Simutin
• The Dividend Disconnect, 2019, Samuel M. Hartzmark; David H. Solomon
• The Dynamic Properties of Financial‐Market Equilibrium with Trading Fees, 2019, Adrian Buss; Bernard Dumas
• The Globalization Risk Premium, 2019, Jean‐Noël Barrot; Erik Loualiche; Julien Sauvagnat
• The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach‐for‐Yield, and Real Effects, 2019, Bernardo Morais; José‐Luis Peydró; Jessica Roldán‐Peña; Claudia Ruiz‐Ortega
• Thinking about Prices versus Thinking about Returns in Financial Markets, 2019, Markus Glaser; Zwetelina Iliewa; Martin Weber
• Time‐Varying Asset Volatility and the Credit Spread Puzzle, 2019, Du Du; Redouane Elkamhi; Jan Ericsson
• Trade Network Centrality and Currency Risk Premia, 2019, Robert J. Richmond
• Venture Capital and Capital Allocation, 2019, Giorgia Piacentino
• What Is the Expected Return on a Stock?, 2019, Ian W. R. Martin; Christian Wagner
• Where Is the Risk in Value? Evidence from a Market‐to‐Book Decomposition, 2019, Andrey Golubov; Theodosia Konstantinidi
• Who Finances Durable Goods and Why It Matters: Captive Finance and the Coase Conjecture, 2019, Justin Murfin; Ryan Pratt
• Women's Liberation as a Financial Innovation, 2019, Moshe Hazan; David Weiss; Hosny Zoabi
• YOLO: Mortality Beliefs and Household Finance Puzzles, 2019, Rawley Z. Heimer; Kristian Ove R. Myrseth; Raphael S. Schoenle

Journal of Financial Economics

• A capital structure channel of monetary policy, 2019, Benjamin Grosse-Rueschkamp; Sascha Steffen; Daniel Streitz
• A large-scale approach for evaluating asset pricing models, 2019, Laurent Barras
• A tale of two volatilities: Sectoral uncertainty, growth, and asset prices, 2019, Gill Segal
• A trade-off theory of ownership and capital structure, 2019, Giovanna Nicodano; Luca Regis
• A tug of war: Overnight versus intraday expected returns, 2019, Dong Lou; Christopher Polk; Spyros Skouras
• AAA, 2019, Clifford W. Smith
• Acquirer reference prices and acquisition performance, 2019, Qingzhong Ma; David A. Whidbee; Wei Zhang
• An anatomy of the market return, 2019, Paul Schneider
• An asset pricing approach to testing general term structure models, 2019, Bent Jesper Christensen; Michel Van Der Wel
• Are lemons sold first? Dynamic signaling in the mortgage market, 2019, Manuel Adelino; Kristopher Gerardi; Barney Hartman-Glaser
• Attention allocation and return co-movement: Evidence from repeated natural experiments, 2019, Shiyang Huang; Yulin Huang; Tse-Chun Lin
• Average skewness matters, 2019, Eric Jondeau; Qunzi Zhang; Xiaoneng Zhu
• Bankruptcy spillovers, 2019, Shai Bernstein; Emanuele Colonnelli; Xavier Giroud; Benjamin Iverson
• Bear beta, 2019, Zhongjin Lu; Scott Murray
• Bubbles for Fama, 2019, Robin Greenwood; Andrei Shleifer; Yang You
• Capital flows and sovereign debt markets: Evidence from index rebalancings, 2019, Lorenzo Pandolfi; Tomas Williams
• Channels of US monetary policy spillovers to international bond markets, 2019, Elias Albagli; Luis Ceballos; Sebastian Claro; Damian Romero
• Characteristics are covariances: A unified model of risk and return, 2019, Bryan T. Kelly; Seth Pruitt; Yinan Su
• Collateralizing liquidity, 2019, Cecilia Parlatore
• Common risk factors in the cross-section of corporate bond returns, 2019, Jennie Bai; Turan G. Bali; Quan Wen
• Corporate control activism, 2019, Adrian Aycan Corum; Doron Levit
• Corporate leverage and employees’ rights in bankruptcy, 2019, Andrew Ellul; Marco Pagano
• Costs and benefits of financial conglomerate affiliation: Evidence from hedge funds, 2019, Francesco Franzoni; Mariassunta Giannetti
• Counterparty credit risk and derivatives pricing, 2019, Gang Li; Chu Zhang
• Credit default swaps and corporate innovation, 2019, Xin Chang; Yangyang Chen; Sarah Qian Wang; Kuo Zhang; Wenrui Zhang
• Cross-sectional alpha dispersion and performance evaluation, 2019, Campbell R. Harvey; Yan Liu
• Crowdsourced employer reviews and stock returns, 2019, T. Clifton Green; Ruoyan Huang; Quan Wen; Dexin Zhou
• Decision fatigue and heuristic analyst forecasts, 2019, David Hirshleifer; Yaron Levi; Ben Lourie; Siew Hong Teoh
• Disaster on the horizon: The price effect of sea level rise, 2019, Asaf Bernstein; Matthew T. Gustafson; Ryan Lewis
• Dividend payments as a response to peer influence, 2019, Jillian Grennan
• Do firms hedge with foreign currency derivatives for employees?, 2019, Pinghsun Huang; Hsin-Yi Huang; Yan Zhang
• Do firms issue more equity when markets become more liquid?, 2019, Mathijs A. Van Dijk; Rogier M. Hanselaar; René M. Stulz
• Do idiosyncratic jumps matter?, 2019, Nishad Kapadia; Morad Zekhnini
• Do insiders time management buyouts and freezeouts to buy undervalued targets?, 2019, Jarrad Harford; Jared Stanfield; Feng Zhang
• Do institutional investors drive corporate social responsibility? International evidence, 2019, Alexander Dyck; Karl V. Lins; Lukas Roth; Hannes F. Wagner
• Do labor markets discipline? Evidence from RMBS bankers, 2019, John M. Griffin; Samuel Kruger; Gonzalo Maturana
• Do private equity funds manipulate reported returns?, 2019, Gregory W. Brown; Oleg R. Gredil; Steven N. Kaplan
• Do real estate agents have information advantages in housing markets?, 2019, Sumit Agarwal; Jia He; Tien Foo Sing; Changcheng Song
• Does skin-in-the-game affect security performance?, 2019, Adam B Ashcraft; Kunal Gooriah; Amir Kermani
• Does social capital mitigate agency problems? Evidence from Chief Executive Officer (CEO) compensation, 2019, Chun Keung(Stan) Hoi; Qiang Wu; Hao Zhang
• Drivers of effort: Evidence from employee absenteeism, 2019, Morten Bennedsen; Margarita Tsoutsoura; Daniel Wolfenzon
• Dynamic corporate liquidity, 2019, Boris Nikolov; Lukas Schmid; Roberto Steri
• Effects of separating commercial and investment banking: Evidence from the dissolution of a joint venture investment bank, 2019, Fumio Akiyoshi
• Empirical tests of asset pricing models with individual assets: Resolving the errors-in-variables bias in risk premium estimation, 2019, Narasimhan Jegadeesh; Joonki Noh; Kuntara Pukthuanthong; Richard Roll; Junbo Wang
• Entrusted loans: A close look at China's shadow banking system, 2019, Franklin Allen; Yiming Qian; Guoqian Tu; Frank Yu
• Entry and competition in takeover auctions, 2019, Matthew Gentry; Caleb Stroup
• Expectation and duration at the effective lower bound, 2019, Thomas B. King
• Financial frictions and employment during the Great Depression, 2019, Efraim Benmelech; Carola Frydman; Dimitris Papanikolaou
• Financing intangible capital, 2019, Qi Sun; Mindy Z. Xiaolan
• Financing intangible capital, 2019, Qi Sun; Mindy Z. Xiaolan
• Firing the wrong workers: Financing constraints and labor misallocation, 2019, Andrea Caggese; Vicente Cuñat; Daniel Metzger
• Firms’ innovation strategy under the shadow of analyst coverage, 2019, Bing Guo; David Pérez-Castrillo; Anna Toldrà-Simats
• From mining to markets: The evolution of bitcoin transaction fees, 2019, Soumya Basu; David Easley; Maureen O'Hara
• Generalized recovery, 2019, Christian Skov Jensen; David Lando; Lasse Heje Pedersen
• Gold, platinum, and expected stock returns, 2019, Darien Huang; Mete Kilic
• Good disclosure, bad disclosure, 2019, Itay Goldstein; Liyan Yang
• Government debt and corporate leverage: International evidence, 2019, Irem Demirci; Jennifer Huang; Clemens Sialm
• Government debt and the returns to innovation, 2019, M.M. Croce; Thien T. Nguyen; S. Raymond; L. Schmid
• Growing up without finance, 2019, James R. Brown; J. Anthony Cookson; Rawley Z. Heimer
• High frequency trading and comovement in financial markets, 2019, Laura Malceniece; Kārlis Malcenieks; Tālis J. Putniņš
• How do valuations impact outcomes of asset sales with heterogeneous bidders?, 2019, Alexander S. Gorbenko
• How effective are trading pauses?, 2019, Nikolaus Hautsch; Akos Horvath
• How news and its context drive risk and returns around the world, 2019, Charles W. Calomiris; Harry Mamaysky
• How valuable are independent directors? Evidence from external distractions, 2019, Ronald W. Masulis; Emma Jincheng Zhang
• In search of preference shock risks: Evidence from longevity risks and momentum profits, 2019, Zhanhui Chen; Bowen Yang
• Indexing and stock market serial dependence around the world, 2019, Guido Baltussen; Sjoerd Van Bekkum; Zhi Da
• Industry familiarity and trading: Evidence from the personal portfolios of industry insiders, 2019, Itzhak Ben-David; Justin Birru; Andrea Rossi
• Inferring latent social networks from stock holdings, 2019, Harrison Hong; Jiangmin Xu
• Inferring volatility dynamics and risk premia from the S&P 500 and VIX markets, 2019, Chris Bardgett; Elise Gourier; Markus Leippold
• Information and trading targets in a dynamic market equilibrium, 2019, Jin Hyuk Choi; Kasper Larsen; Duane J. Seppi
• Institutional herding and its price impact: Evidence from the corporate bond market, 2019, Fang Cai; Song Han; Dan Li; Yi Li
• Institutional investor cliques and governance, 2019, Alan D. Crane; Andrew Koch; Sébastien Michenaud
• Interconnectedness in the interbank market, 2019, Celso Brunetti; Jeffrey H. Harris; Shawn Mankad; George Michailidis
• Internalizing governance externalities: The role of institutional cross-ownership, 2019, Jie (Jack) He; Jiekun Huang; Shan Zhao
• Inverted fee structures, tick size, and market quality, 2019, Carole Comerton-Forde; Vincent Grégoire; Zhuo Zhong
• JFE special issue on labor and finance, 2019, Toni M Whited
• Liquidity standards and the value of an informed lender of last resort, 2019, João A.C. Santos; Javier Suarez
• Liquidity windfalls: The consequences of repo rehypothecation, 2019, Sebastian Infante
• Liquidity, innovation, and endogenous growth, 2019, Semyon Malamud; Francesca Zucchi
• Manager sentiment and stock returns, 2019, Fuwei Jiang; Joshua Lee; Xiumin Martin; Guofu Zhou
• Mark Twain’s Cat: Investment experience, categorical thinking, and stock selection, 2019, Xing Huang
• Minimum payments and debt paydown in consumer credit cards, 2019, Benjamin J. Keys; Jialan Wang
• Mood, firm behavior, and aggregate economic outcomes, 2019, Vidhi Chhaochharia; Dasol Kim; George M. Korniotis; Alok Kumar
• Municipal borrowing costs and state policies for distressed municipalities, 2019, Pengjie Gao; Chang Lee; Dermot Murphy
• Mutual fund board connections and proxy voting, 2019, Paul Calluzzo; Simi Kedia
• New goods and asset prices, 2019, Paul Scanlon
• Notes on the yield curve, 2019, Ian W. R. Martin; Stephen A. Ross
• Once bitten, twice shy: The power of personal experiences in risk taking, 2019, Steffen Andersen; Tobin Hanspal; Kasper Meisner Nielsen
• Optimal capital structure and bankruptcy choice: Dynamic bargaining versus liquidation, 2019, Samuel Antill; Steven R. Grenadier
• Option prices and costly short-selling, 2019, Adem Atmaz; Suleyman Basak
• Patent trolls and startup employment, 2019, Ian Appel; Joan Farre-Mensa; Elena Simintzi
• Pay now or pay later? The economics within the private equity partnership, 2019, Victoria Ivashina; Josh Lerner
• Policy externalities and banking integration, 2019, Michael Smolyansky
• Preference for dividends and return comovement, 2019, Allaudeen Hameed; Jing Xie
• Private equity and human capital risk, 2019, Manfred Antoni; Ernst Maug; Stefan Obernberger
• Private information in currency markets, 2019, Alexander Michaelides; Andreas Milidonis; George P. Nishiotis
• Probability of price crashes, rational speculative bubbles, and the cross-section of stock returns, 2019, Jeewon Jang; Jangkoo Kang
• Property rights institutions, foreign investment, and the valuation of multinational firms, 2019, Leming Lin; Atanas Mihov; Leandro Sanz; Detelina Stoyanova
• Public hedge funds, 2019, Lin Sun; Melvyn Teo
• Regulating a model, 2019, Yaron Leitner; Bilge Yilmaz
• Securitized markets, international capital flows, and global welfare, 2019, Gregory Phelan; Alexis Akira Toda
• Selection versus talent effects on firm value, 2019, Briana Chang; Harrison Hong
• Shareholder bargaining power and the emergence of empty creditors, 2019, Stefano Colonnello; Matthias Efing; Francesca Zucchi
• Should Long-Term Investors Time Volatility?, 2019, Alan Moreira; Tyler Muir
• Should investors learn about the timing of equity risk?, 2019, Michael Hasler; Mariana Khapko; Roberto Marfè
• Should retail investors’ leverage be limited?, 2019, Rawley Heimer; Alp Simsek
• Size and value in China, 2019, Jianan Liu; Robert F. Stambaugh; Yu Yuan
• Stunted firms: The long-term impacts of colonial taxation, 2019, Gabriel Natividad
• Technological links and predictable returns, 2019, Charles M.C. Lee; Stephen Teng Sun; Rongfei Wang; Ran Zhang
• The CAPM strikes back? An equilibrium model with disasters, 2019, Hang Bai; Kewei Hou; Howard Kung; Erica X.N. Li; Lu Zhang
• The cash conversion cycle spread, 2019, Baolian Wang
• The cross-section of labor leverage and equity returns, 2019, Andres Donangelo; François Gourio; Matthias Kehrig; Miguel Palacios
• The effect of bank monitoring on public bond terms, 2019, Zhiming Ma; Derrald Stice; Christopher Williams
• The effects of uncertainty on market liquidity: Evidence from Hurricane Sandy, 2019, Dominik Rehse; Ryan Riordan; Nico Rottke; Joachim Zietz
• The impact of jumps on carry trade returns, 2019, Suzanne S. Lee; Minho Wang
• The information sensitivity of debt in good and bad times, 2019, Emanuele Brancati; Marco Macchiavelli
• The leverage effect and the basket-index put spread, 2019, Jennie Bai; Robert S. Goldstein; Fan Yang
• The liquidity cost of private equity investments: Evidence from secondary market transactions, 2019, Taylor D. Nadauld; Berk A. Sensoy; Keith Vorkink; Michael S. Weisbach
• The power of shareholder votes: Evidence from uncontested director elections, 2019, Reena Aggarwal; Sandeep Dahiya; Nagpurnanand R. Prabhala
• The present value relation over six centuries: The case of the Bazacle company, 2019, David Le Bris; William N. Goetzmann; Sébastien Pouget
• The profitability and investment premium: Pre-1963 evidence, 2019, Sunil Wahal
• The relevance of broker networks for information diffusion in the stock market, 2019, Francesco Franzoni; Amir Kermani; Marco Di Maggio; Carlo Sommavilla
• The rise in student loan defaults, 2019, Holger M. Mueller; Constantine Yannelis
• The role of executive cash bonuses in providing individual and team incentives, 2019, Wayne R. Guay; John D. Kepler; David Tsui
• The use of credit default swaps by bond mutual funds: Liquidity provision and counterparty risk, 2019, George O. Aragon; Lei Li; Jun ‘Qj’ Qian
• The value of access to finance: Evidence from M&As, 2019, Jess Cornaggia; Jay Yin Li
• The value of collateral in trade finance, 2019, Anna M. Costello
• Time-varying ambiguity, credit spreads, and the levered equity premium, 2019, Zhan Shi
• Too good to be true? Fallacies in evaluating risk factor models, 2019, Nikolay Gospodinov; Raymond Kan; Cesare Robotti
• Trade credit and supplier competition, 2019, Jiri Chod; Evgeny Lyandres; S. Alex Yang
• Transparency and dealer networks: Evidence from the initiation of post-trade reporting in the mortgage backed security market, 2019, Paul Schultz; Zhaogang Song
• Variance risk in aggregate stock returns and time-varying return predictability, 2019, Sungjune Pyun
• Volatility and the cross-section of corporate bond returns, 2019, Kee H. Chung; Junbo Wang; Chunchi Wu
• What a difference a (birth) month makes: The relative age effect and fund manager performance, 2019, John (Jianqiu) Bai; Linlin Ma; Kevin A. Mullally; David H. Solomon
• What’s in a (school) name? Racial discrimination in higher education bond markets, 2019, Casey Dougal; Pengjie Gao; William J. Mayew; Christopher A. Parsons
• Who benefits in a crisis? Evidence from hedge fund stock and option holdings, 2019, George O. Aragon; J. Spencer Martin; Zhen Shi
• Why did the q theory of investment start working?, 2019, Daniel Andrei; William Mann; Nathalie Moyen

Review of Financial Studies

• A Protocol for Factor Identification, 2019, Kuntara Pukthuanthong; Richard Roll; Avanidhar Subrahmanyam
• A Theory of Multiperiod Debt Structure, 2019, Chong Huang; Martin Oehmke; Hongda Zhong
• Analyst Career Concerns, Effort Allocation, and Firms’ Information Environment, 2019, Jarrad Harford; Feng Jiang; Rong Wang; Fei Xie
• Anticollusion Enforcement: Justice for Consumers and Equity for Firms, 2019, Sudipto Dasgupta; Alminas Žaldokas
• Approaching Mean-Variance Efficiency for Large Portfolios, 2019, Mengmeng Ao; Li Yingying; Xinghua Zheng
• Arbitrage Trading: The Long and the Short of It, 2019, Yong Chen; Zhi Da; Dayong Huang
• Are the Largest Banks Valued More Highly?, 2019, Bernadette A Minton; René M Stulz; Alvaro G Taboada
• Asset Encumbrance, Bank Funding, and Fragility, 2019, Toni Ahnert; Kartik Anand; James Chapman; Prasanna Gai; Philip Strahaneditor
• Asset Pricing with Persistence Risk, 2019, Daniel Andrei; Michael Hasler; Alexandre Jeanneret
• Auto Credit and the 2005 Bankruptcy Reform: The Impact of Eliminating Cramdowns, 2019, Rajashri Chakrabarti; Nathaniel Pattison
• Bank Capital, Borrower Power, and Loan Rates, 2019, João A C Santos; Andrew Winton
• Bank Resolution and the Structure of Global Banks, 2019, Patrick Bolton; Martin Oehmke
• Bank-Branch Supply, Financial Inclusion, and Wealth Accumulation, 2019, Claire Célerier; Adrien Matray
• Banks Response to Higher Capital Requirements: Evidence from a Quasi-Natural Experiment, 2019, Reint Gropp; Thomas Mosk; Steven Ongena; Carlo Wix
• Big Data as a Governance Mechanism, 2019, Christina Zhu
• Birds of a Feather: The Impact of Homophily on the Propensity to Follow Financial Advice, 2019, Oscar Stolper; Andreas Walter
• Blockchain Disruption and Smart Contracts, 2019, Lin William Cong; Zhiguo He
• Blockchain-Based Settlement for Asset Trading, 2019, Jonathan Chiu; Thorsten V Koeppl
• Blockholder Heterogeneity, Multiple Blocks, and the Dance between Blockholders, 2019, Charles J Hadlock; Miriam Schwartz-Ziv
• Cancellable Insider Trading Plans: An Analysis of SEC Rule 10b5-1, 2019, Stephen L Lenkey
• Characteristic-Based Benchmark Returns and Corporate Events, 2019, Hendrik Bessembinder; Michael J Cooper; Feng Zhang
• Chasing Private Information, 2019, Marcin Kacperczyk; Emiliano S Pagnotta
• Comparables Pricing, 2019, Justin Murfin; Ryan Pratt
• Consumption Taxes and Corporate Investment, 2019, Martin Jacob; Roni Michaely; Maximilian A Müller
• Contingent Convertibles with Stock Price Triggers: The Case of Perpetuities, 2019, George Pennacchi; Alexei Tchistyi
• Corporate Investment and Innovation in the Presence of Competitor Constraints, 2019, William Grieser; Zack Liu
• Corporate Strategy, Conformism, and the Stock Market, 2019, Thierry Foucault; Laurent Fresard
• Credit Allocation Under Economic Stimulus: Evidence from China, 2019, Lin William Cong; Haoyu Gao; Jacopo Ponticelli; Xiaoguang Yang
• Credit Supply and the Rise in College Tuition: Evidence from the Expansion in Federal Student Aid Programs, 2019, David O Lucca; Taylor Nadauld; Karen Shen
• Cumulative Prospect Theory, Option Returns, and the Variance Premium, 2019, Lieven Baele; Joost Driessen; Sebastian Ebert; Juan M Londono; Oliver G Spalt
• Cyclical Dispersion in Expected Defaults, 2019, João F Gomes; Marco Grotteria; Jessica A Wachter
• Demand for Crash Insurance, Intermediary Constraints, and Risk Premia in Financial Markets, 2019, Hui Chen; Scott Joslin; Sophie Xiaoyan Ni
• Do Shocks to Personal Wealth Affect Risk-taking in Delegated Portfolios?, 2019, Veronika K Pool; Noah Stoffman; Scott E Yonker; Hanjiang Zhang
• Does Smooth Ambiguity Matter for Asset Pricing?, 2019, A Ronald Gallant; Mohammad R Jahan-Parvar; Hening Liu
• Dynamic Interpretation of Emerging Risks in the Financial Sector, 2019, Kathleen Weiss Hanley; Gerard Hoberg
• Estimating the Value of Information, 2019, Ohad Kadan; Asaf Manela
• Exploration Activity, Long-run Decisions, and the Risk Premium in Energy Futures, 2019, Alexander David
• External Equity Financing Shocks, Financial Flows, and Asset Prices, 2019, Frederico Belo; Xiaoji Lin; Fan Yang
• External Governance and Debt Structure, 2019, Sreedhar T Bharath; Michael Hertzel
• Financial Markets with Trade on Risk and Return, 2019, Kevin Smith
• Financial Sector Stress and Risk Sharing: Evidence from the Weather Derivatives Market, 2019, Daniel Weagley
• Financing Entrepreneurial Production: Security Design with Flexible Information Acquisition, 2019, Ming Yang; Yao Zeng
• Firm Financing over the Business Cycle, 2019, Juliane Begenau; Juliana Salomao
• Freeze-Out Mergers, 2019, Elif Dalkır; Mehmet Dalkır; Doron Levit
• Governance Under Common Ownership, 2019, Alex Edmans; Doron Levit; Devin Reilly
• Grown-up Business Cycles, 2019, Benjamin Wild Pugsley; Ay’Egul Ahin
• Heterogeneity in Target Date Funds: Strategic Risk-taking or Risk Matching?, 2019, Pierluigi Balduzzi; Jonathan Reuter
• High-Frequency Market Making to Large Institutional Trades, 2019, Robert A Korajczyk; Dermot Murphy
• Hostile Resistance to Hedge Fund Activism, 2019, Nicole M Boyson; Pegaret Pichler
• How Close Are Close Shareholder Votes?, 2019, Laurent Bach; Daniel Metzger
• How Do Payday Loans Affect Borrowers? Evidence from the U.K. Market, 2019, John Gathergood; Benedict Guttman-Kenney; Stefan Hunt
• How Organizational Hierarchy Affects Information Production, 2019, Janis Skrastins; Vikrant Vig
• How Valuable Is FinTech Innovation?, 2019, Mark A Chen; Qinxi Wu; Baozhong Yang
• Incentive Pay and Systemic Risk, 2019, Rui Albuquerque; Luís Cabral; José Guedes
• Information Sharing, Holdup, and External Finance: Evidence from Private Firms, 2019, Andrew Bird; Stephen A Karolyi; Thomas G Ruchti
• Information, Trading, and Volatility: Evidence from Firm-Specific News, 2019, Jacob Boudoukh; Ronen Feldman; Shimon Kogan; Matthew Richardson
• Informed Trading by Advisor Banks: Evidence from Options Holdings, 2019, Michelle Lowry; Marco Rossi; Zhongyan Zhu
• Institutional Investors and Information Acquisition: Implications for Asset Prices and Informational Efficiency, 2019, Matthijs Breugem; Adrian Buss
• Interfund Lending in Mutual Fund Families: Role in Liquidity Management, 2019, Vikas Agarwal; Haibei Zhao
• International Corporate Governance Spillovers: Evidence from Cross-Border Mergers and Acquisitions, 2019, Rui Albuquerque; Luis Brandão-Marques; Miguel A Ferreira; Pedro Matos
• Inventory Behavior and Financial Constraints: Theory and Evidence, 2019, Sudipto Dasgupta; Erica X N Li; Dong Yan
• Investing for Impact, 2019, Bhagwan Chowdhry; Shaun William Davies; Brian Waters
• Investor Protection and Asset Prices, 2019, Suleyman Basak; Georgy Chabakauri; M Deniz Yavuz
• Is Silence Golden? Real Effects of Mandatory Disclosure, 2019, Sudarshan Jayaraman; Joanna Shuang Wu
• Life below Zero: Bank Lending under Negative Policy Rates, 2019, Florian Heider; Farzad Saidi; Glenn Schepens
• Limited Stock Market Participation Among Renters and Homeowners, 2019, Roine Vestman
• Low Interest Rates and Risk-Taking: Evidence from Individual Investment Decisions, 2019, Chen Lian; Yueran Ma; Carmen Wang
• Macroeconomic Risk and Idiosyncratic Risk-taking, 2019, Zhiyao Chen; Ilya A Strebulaev
• Marketplace Lending: A New Banking Paradigm?, 2019, Boris Vallée; Yao Zeng
• Matching in Housing Markets: The Role of Ethnic Social Networks, 2019, Sumit Agarwal; Hyun-Soo Choi; Jia He; Tien Foo Sing
• Measuring Tail Risks at High Frequency, 2019, Brian M Weller
• Mortgage Dollar Roll, 2019, Zhaogang Song; Haoxiang Zhu
• Multinational Banks and Supranational Supervision, 2019, Giacomo Calzolari; Jean-Edouard Colliard; Gyongyi Lóránth
• Noisy Stock Prices and Corporate Investment, 2019, Olivier Dessaint; Thierry Foucault; Laurent Frésard; Adrien Matray
• Noncognitive Abilities and Financial Distress: Evidence from a Representative Household Panel, 2019, Gianpaolo Parise; Kim Peijnenburg
• Opportunistic Proposals by Union Shareholders, 2019, John G Matsusaka; Oguzhan Ozbas; Irene Yi
• Option Pricing of Earnings Announcement Risks, 2019, Andrew Dubinsky; Michael Johannes; Andreas Kaeck; Norman J Seeger
• Owners’ Portfolio Diversification and Firm Investment, 2019, Evgeny Lyandres; Maria-Teresa Marchica; Roni Michaely; Roberto Mura
• Peer-to-Peer Lenders Versus Banks: Substitutes or Complements?, 2019, Huan Tang
• Private Contracting, Law and Finance, 2019, Graeme G Acheson; Gareth Campbell; John D Turner
• Private Equity and Financial Fragility during the Crisis, 2019, Shai Bernstein; Josh Lerner; Filippo Mezzanotti
• Product Market Competition and Option Prices, 2019, Erwan Morellec; Alexei Zhdanov
• Ratings-Based Regulation and Systematic Risk Incentives, 2019, Giuliano Iannotta; George Pennacchi; João A C Santos
• Repatriation Taxes and Foreign Cash Holdings: The Impact of Anticipated Tax Reform, 2019, Joseph D Piotroski; Lisa De Simone; Rimmy E Tomy
• Resurrecting the Size Effect: Firm Size, Profitability Shocks, and Expected Stock Returns, 2019, Mathijs A Van Dijk; Kewei Hou; Laura Starkseditor
• Returns to Talent and the Finance Wage Premium, 2019, Claire Célérier; Boris Vallée
• Revealing Downturns, 2019, Martin C Schmalz; Sergey Zhuk
• Riding the Bubble with Convex Incentives, 2019, Juan Sotes-Paladino; Fernando Zapatero
• Sex, Drugs, and Bitcoin: How Much Illegal Activity Is Financed through Cryptocurrencies?, 2019, Sean Foley; Jonathan R Karlsen; Tālis J Putniņš
• Shareholder Wealth Consequences of Insider Pledging of Company Stock as Collateral for Personal Loans, 2019, Ying Dou; Ronald W Masulis; Jason Zein
• Shock Propagation and Banking Structure, 2019, Mariassunta Giannetti; Farzad Saidi
• Social Risk, Fiscal Risk, and the Portfolio of Government Programs, 2019, Samuel G Hanson; David S Scharfstein; Adi Sunderam
• Soft Shareholder Activism, 2019, Doron Levit
• Standing on the Shoulders of Giants: The Effect of Passive Investors on Activism, 2019, Ian R Appel; Todd A Gormley; Donald B Keim
• Stock Volatility and the Great Depression, 2019, Gustavo S Cortes; Marc D Weidenmier
• Strategic Liquidity Mismatch and Financial Sector Stability, 2019, André F Silva
• Teachers Teaching Teachers: The Role of Workplace Peer Effects in Financial Decisions, 2019, Gonzalo Maturana; Jordan Nickerson
• The Agglomeration of Bankruptcy, 2019, Efraim Benmelech; Nittai Bergman; Anna Milanez; Vladimir Mukharlyamov
• The Blockchain Folk Theorem, 2019, Bruno Biais; Christophe Bisière; Matthieu Bouvard; Catherine Casamatta
• The Bright Side of Fire Sales, 2019, Jean-Marie Meier; Henri Servaes
• The Cost of Immediacy for Corporate Bonds, 2019, Jens Dick-Nielsen; Marco Rossi
• The Distortive Effects of Too Big To Fail: Evidence from the Danish Market for Retail Deposits, 2019, Rajkamal Iyer; Thais Lærkholm Jensen; Niels Johannesen; Adam Sheridan
• The Economic Impact of Index Investing, 2019, Jonathan Brogaard; Matthew C Ringgenberg; David Sovich
• The Effects of Losing a Business Group Affiliation, 2019, Francisco Urzúa I; Borja Larrain; Giorgo Sertsios
• The Fix Is In: Properly Backing out Backfill Bias, 2019, Philippe Jorion; Christopher Schwarz
• The Persistence of Financial Distress, 2019, Kartik Athreya; José Mustre-Del-Río; Juan M Sánchez
• The Promises and Pitfalls of Robo-Advising, 2019, Francesco D’Acunto; Nagpurnanand Prabhala; Alberto G Rossi
• The Relevance of Credit Ratings in Transparent Bond Markets, 2019, Dominique C Badoer; Cem Demiroglu
• The Role of Technology in Mortgage Lending, 2019, Andreas Fuster; Matthew Plosser; Philipp Schnabl; James Vickery
• The Supply Side of Household Finance, 2019, Gabriele Foà; Leonardo Gambacorta; Luigi Guiso; Paolo Emilio Mistrulli
• The VIX Premium, 2019, Ing-Haw Cheng
• The Value of Offshore Secrets: Evidence from the Panama Papers, 2019, James O’Donovan; Hannes F Wagner; Stefan Zeume
• To FinTech and Beyond, 2019, Itay Goldstein; Wei Jiang; G Andrew Karolyi
• Trade-Time Measures of Liquidity, 2019, Yashar H Barardehi; Dan Bernhardt; Ryan J Davies
• Trading Regularity and Fund Performance, 2019, Jeffrey A Busse; Lin Tong; Qing Tong; Zhe Zhang
• Understanding Mortgage Spreads, 2019, Nina Boyarchenko; Andreas Fuster; David O Lucca
• Understanding the Rise in Corporate Cash: Precautionary Savings or Foreign Taxes, 2019, Michael W Faulkender; Kristine W Hankins; Mitchell A Petersen
• Unleashing Animal Spirits: Self-Control and Overpricing in Experimental Asset Markets, 2019, Martin G Kocher; Konstantin E Lucks; David Schindler
• Venture Capital and the Macroeconomy, 2019, Christian C Opp
• Whatever It Takes: The Real Effects of Unconventional Monetary Policy, 2019, Viral V Acharya; Tim Eisert; Christian Eufinger; Christian Hirsch
• What’s the Catch? Suspicion of Bank Motives and Sluggish Refinancing, 2019, Eric J Johnson; Stephan Meier; Olivier Toubia
• Who Bears Interest Rate Risk?, 2019, Peter Hoffmann; Sam Langfield; Federico Pierobon; Guillaume Vuillemey
• Why Discrete Price Fragments U.S. Stock Exchanges and Disperses Their Fee Structures, 2019, Yong Chao; Chen Yao; Mao Ye

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