2020

Journal of Finance

• A Macrofinance View of U.S. Sovereign CDS Premiums, 2020, Mikhail Chernov; Lukas Schmid; Andres Schneider
• A Tale of Two Premiums: The Role of Hedgers and Speculators in Commodity Futures Markets, 2020, Wenjin Kang; K. Geert Rouwenhorst; Ke Tang
• AMERICAN FINANCE ASSOCIATION, 2020, Laura Starks
• AMERICAN FINANCE ASSOCIATION: Publisher of The Journal of Finance, 2020, John Graham
• Access to Collateral and the Democratization of Credit: France's Reform of the Napoleonic Security Code, 2020, Kevin Aretz; Murillo Campello; Maria‐Teresa Marchica
• Bad Credit, No Problem? Credit and Labor Market Consequences of Bad Credit Reports, 2020, Will Dobbie; Paul Goldsmith‐Pinkham; Neale Mahoney; Jae Song
• Bank Quality, Judicial Efficiency, and Loan Repayment Delays in Italy, 2020, Fabio Schiantarelli; Massimiliano Stacchini; Philip E. Strahan
• Beyond Random Assignment: Credible Inference and Extrapolation in Dynamic Economies, 2020, Christopher A. Hennessy; Ilya A. Strebulaev
• Can Unemployment Insurance Spur Entrepreneurial Activity? Evidence from France, 2020, Johan Hombert; Antoinette Schoar; David Sraer; David Thesmar
• Cash Flow News and Stock Price Dynamics, 2020, Davide Pettenuzzo; Riccardo Sabbatucci; Allan Timmermann
• Consumption Fluctuations and Expected Returns, 2020, Victoria Atanasov; Stig V. Møller; Richard Priestley
• Corporate Control around the World, 2020, Gur Aminadav; Elias Papaioannou
• Credit Rating Inflation and Firms' Investments, 2020, Itay Goldstein; Chong Huang
• Debt Contracting on Management, 2020, Brian Akins; David De Angelis; Maclean Gaulin
• Declining Labor and Capital Shares, 2020, Simcha Barkai
• Do CEOs Matter? Evidence from Hospitalization Events, 2020, Morten Bennedsen; Francisco Pérez‐González; Daniel Wolfenzon
• Does Borrowing from Banks Cost More than Borrowing from the Market?, 2020, Michael Schwert
• Drilling and Debt, 2020, Erik P. Gilje; Elena Loutskina; Daniel Murphy
• Every Cloud Has a Silver Lining: Fast Trading, Microwave Connectivity, and Trading Costs, 2020, Andriy Shkilko; Konstantin Sokolov
• False (and Missed) Discoveries in Financial Economics, 2020, Campbell R. Harvey; Yan Liu
• Glued to the TV: Distracted Noise Traders and Stock Market Liquidity, 2020, Joel Peress; Daniel Schmidt
• High‐Frequency Trading and Market Performance, 2020, Markus Baldauf; Joshua Mollner
• Houses as ATMs: Mortgage Refinancing and Macroeconomic Uncertainty, 2020, Hui Chen; Michael Michaux; Nikolai Roussanov
• How Does Credit Supply Expansion Affect the Real Economy? The Productive Capacity and Household Demand Channels, 2020, Atif Mian; Amir Sufi; Emil Verner
• How Skilled Are Security Analysts?, 2020, Alan Crane; Kevin Crotty
• Informational Frictions and the Credit Crunch, 2020, Olivier Darmouni
• Informed Trading and Intertemporal Substitution, 2020, Yizhou Xiao
• Insider Investment Horizon, 2020, Ferhat Akbas; Chao Jiang; Paul D. Koch
• Is Bitcoin Really Untethered?, 2020, John M. Griffin; Amin Shams
• Lazy Prices, 2020, Lauren Cohen; Christopher Malloy; Quoc Nguyen
• Learning from Coworkers: Peer Effects on Individual Investment Decisions, 2020, Paige Ouimet; Geoffrey Tate
• Local Crowding‐Out in China, 2020, Yi Huang; Marco Pagano; Ugo Panizza
• Low‐Risk Anomalies?, 2020, Paul Schneider; Christian Wagner; Josef Zechner
• Market Structure and Transaction Costs of Index CDSs, 2020, Pierre Collin‐Dufresne; Benjamin Junge; Anders B. Trolle
• Measuring Innovation and Product Differentiation: Evidence from Mutual Funds, 2020, Leonard Kostovetsky; Jerold B. Warner
• Measuring Mutual Fund Flow Pressure as Shock to Stock Returns, 2020, Malcolm Wardlaw
• Monetary Policy and Global Banking, 2020, Falk Bräuning; Victoria Ivashina
• Necessary and Sufficient Conditions for Existence and Uniqueness of Recursive Utilities, 2020, Jaroslav Borovička; John Stachurski
• No Job, No Money, No Refi: Frictions to Refinancing in a Recession, 2020, Anthony A. Defusco; John Mondragon
• On Comparing Asset Pricing Models, 2020, Siddhartha Chib; Xiaming Zeng; Lingxiao Zhao
• Option Profit and Loss Attribution and Pricing: A New Framework, 2020, Peter Carr; Liuren Wu
• Pledgeability, Industry Liquidity, and Financing Cycles, 2020, Douglas W. Diamond; Yunzhi Hu; Raghuram G. Rajan
• Political Connections and the Informativeness of Insider Trades, 2020, Alan D. Jagolinzer; David F. Larcker; Gaizka Ormazabal; Daniel J. Taylor
• Presidential Address: Social Transmission Bias in Economics and Finance, 2020, David Hirshleifer
• Price and Probability: Decomposing the Takeover Effects of Anti‐Takeover Provisions, 2020, Vicente Cuñat; Mireia Giné; Maria Guadalupe
• Relationship Trading in Over‐the‐Counter Markets, 2020, Terrence Hendershott; Dan Li; Dmitry Livdan; Norman Schürhoff
• Report of the Editor of The Journal of Finance for the Year 2019, 2020, Stefan Nagel
• Retracted: Risk Management in Financial Institutions, 2020, Adriano A. Rampini; S. Viswanathan; Guillaume Vuillemey
• Robust Inference for Consumption‐Based Asset Pricing, 2020, Frank Kleibergen; Zhaoguo Zhan
• Safety Transformation and the Structure of the Financial System, 2020, William Diamond
• Securitization, Ratings, and Credit Supply, 2020, Brendan Daley; Brett Green; Victoria Vanasco
• Shorting in Speculative Markets, 2020, Marcel Nutz; José A. Scheinkman
• Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy, 2020, Wenxin Du; Carolin E. Pflueger; Jesse Schreger
• Star Ratings and the Incentives of Mutual Funds, 2020, Chong Huang; Fei Li; Xi Weng
• Stimulating Housing Markets, 2020, David Berger; Nicholas Turner; Eric Zwick
• Stock Market Returns and Consumption, 2020, Amir Kermani; Marco Di Maggio; Kaveh Majlesi
• Taming the Factor Zoo: A Test of New Factors, 2020, Guanhao Feng; Stefano Giglio; Dacheng Xiu
• Tax‐Efficient Asset Management: Evidence from Equity Mutual Funds, 2020, Clemens Sialm; Hanjiang Zhang
• The Banking View of Bond Risk Premia, 2020, Valentin Haddad; David Sraer
• The Causal Effect of Limits to Arbitrage on Asset Pricing Anomalies, 2020, Yongqiang Chu; David Hirshleifer; Liang Ma
• The Employment Effects of Faster Payment: Evidence from the Federal Quickpay Reform, 2020, Jean‐Noël Barrot; Ramana Nanda
• The Forced Safety Effect: How Higher Capital Requirements Can Increase Bank Lending, 2020, Saleem Bahaj; Frederic Malherbe
• The Impact of Salience on Investor Behavior: Evidence from a Natural Experiment, 2020, Cary Frydman; Baolian Wang
• The Impact of Supervision on Bank Performance, 2020, Beverly Hirtle; Anna Kovner; Matthew Plosser
• The Insurance Is the Lemon: Failing to Index Contracts, 2020, Barney Hartman‐Glaser; Benjamin Hébert
• The Market for Conflicted Advice, 2020, Briana Chang; Martin Szydlowski
• The Mismatch Between Mutual Fund Scale and Skill, 2020, Yang Song
• The Value of Central Clearing, 2020, Guillaume Vuillemey
• Trading Against the Random Expiration of Private Information: A Natural Experiment, 2020, Mohammadreza Bolandnazar; Robert J. Jackson; Wei Jiang; Joshua Mitts
• Understanding Systematic Risk: A High‐Frequency Approach, 2020, Markus Pelger
• Venturing beyond the IPO: Financing of Newly Public Firms by Venture Capitalists, 2020, Peter Iliev; Michelle Lowry
• What Drives Anomaly Returns?, 2020, Lars A. Lochstoer; Paul C. Tetlock
• What Is a Patent Worth? Evidence from the U.S. Patent “Lottery”, 2020, Joan Farre‐Mensa; Deepak Hegde; Alexander Ljungqvist
• What Matters to Individual Investors? Evidence from the Horse's Mouth, 2020, James J. Choi; Adriana Z. Robertson
• Why Don't We Agree? Evidence from a Social Network of Investors, 2020, J. Anthony Cookson; Marina Niessner
• Words Speak Louder without Actions, 2020, Doron Levit

Journal of Financial Economics

• A comparison of some structural models of private information arrival, 2020, Jefferson Duarte; Edwin Hu; Lance Young
• Active catering to dividend clienteles: Evidence from takeovers, 2020, Andrey Golubov; Meziane Lasfer; Valeriya Vitkova
• Activism and empire building, 2020, Nickolay Gantchev; Merih Sevilir; Anil Shivdasani
• Adverse selection and the performance of private equity co-investments, 2020, Reiner Braun; Tim Jenkinson; Christoph Schemmerl
• Agency conflicts and short- versus long-termism in corporate policies, 2020, Sebastian Gryglewicz; Simon Mayer; Erwan Morellec
• All the president's friends: Political access and firm value, 2020, Jeffrey R. Brown; Jiekun Huang
• An ill wind? Terrorist attacks and CEO compensation, 2020, Yunhao Dai; P. Raghavendra Rau; Aris Stouraitis; Weiqiang Tan
• An inconvenient cost: The effects of climate change on municipal bonds, 2020, Marcus Painter
• Anomalies across the globe: Once public, no longer existent?, 2020, Heiko Jacobs; Sebastian Müller
• Are early stage investors biased against women?, 2020, Michael Ewens; Richard R. Townsend
• Asset pricing: A tale of night and day, 2020, Terrence Hendershott; Dmitry Livdan; Dominik Rösch
• At the table but can not break through the glass ceiling:Board leadership positions elude diverse directors, 2020, Laura Casares Field; Matthew E. Souther; Adam S. Yore
• Bank net worth and frustrated monetary policy, 2020, Alexander K. Zentefis
• Betting against correlation: Testing theories of the low-risk effect, 2020, Cliff Asness; Andrea Frazzini; Niels Joachim Gormsen; Lasse Heje Pedersen
• Blockholder voting, 2020, Heski Bar-Isaac; Joel Shapiro
• Board structure, director expertise, and advisory role of outside directors, 2020, Sheng-Syan Chen; Yan-Shing Chen; Jun-Koo Kang; Shu-Cing Peng
• Business cycles and currency returns, 2020, Riccardo Colacito; Steven J. Riddiough; Lucio Sarno
• CEO-board dynamics, 2020, John R. Graham; Hyunseob Kim; Mark Leary
• CEOs’ outside opportunities and relative performance evaluation: evidence from a natural experiment, 2020, Ke Na
• Can ethics be taught? Evidence from securities exams and investment adviser misconduct, 2020, Zachary T. Kowaleski; Andrew G. Sutherland; Felix W. Vetter
• Capital gains taxation and funding for start-ups, 2020, Alexander Edwards; Maximilian Todtenhaupt
• Capital requirements, risk choice, and liquidity provision in a business-cycle model, 2020, Juliane Begenau
• Cheap-stock tunneling around preemptive rights, 2020, Jesse M. Fried; Holger Spamann
• CoCo issuance and bank fragility, 2020, Stefan Avdjiev; Bilyana Bogdanova; Patrick Bolton; Wei Jiang; Anastasia Kartasheva
• Collateral constraints and asset prices, 2020, Georgy Chabakauri; Brandon Yueyang Han
• Competition and cooperation in mutual fund families, 2020, Richard Burtis Evans; Melissa Porras Prado; Rafael Zambrana
• Concentration of control rights in leveraged loan syndicates, 2020, Mitchell Berlin; Greg Nini; Edison G. Yu
• Corporate bond mutual funds and asset fire sales, 2020, Jaewon Choi; Saeid Hoseinzade; Sean Seunghun Shin; Hassan Tehranian
• Credit and social unrest: Evidence from 1930s China, 2020, Fabio Braggion; Alberto Manconi; Haikun Zhu
• Credit migration and covered interest rate parity, 2020, Gordon Y. Liao
• Cross-asset signals and time series momentum, 2020, Aleksi Pitkäjärvi; Matti Suominen; Lauri Vaittinen
• Dancing with activists, 2020, Lucian A. Bebchuk; Alon Brav; Wei Jiang; Thomas Keusch
• Dealers’ insurance, market structure, and liquidity, 2020, Francesca Carapella; Cyril Monnet
• Debt collection agencies and the supply of consumer credit, 2020, Viktar Fedaseyeu
• Democracy and credit, 2020, Manthos D. Delis; Iftekhar Hasan; Steven Ongena
• Disguised corruption: Evidence from consumer credit in China, 2020, Sumit Agarwal; Wenlan Qian; Amit Seru; Jian Zhang
• Do dividends convey information about future earnings?, 2020, Charles G. Ham; Zachary R. Kaplan; Mark T. Leary
• Do fire sales create externalities?, 2020, Sergey Chernenko; Adi Sunderam
• Do people feel less at risk? Evidence from disaster experience, 2020, Ming Gao; Yu-Jane Liu; Yushui Shi
• Does protectionist anti-takeover legislation lead to managerial entrenchment?, 2020, Marc Frattaroli
• Does size matter? Bailouts with large and small banks, 2020, Eduardo Dávila; Ansgar Walther
• Does the Ross recovery theorem work empirically?, 2020, Jens Carsten Jackwerth; Marco Menner
• Does the lack of financial stability impair the transmission of monetary policy?, 2020, Viral V. Acharya; Björn Imbierowicz; Sascha Steffen; Daniel Teichmann
• Does the stock market make firms more productive?, 2020, Benjamin Bennett; René Stulz; Zexi Wang
• Dynamic interventions and informational linkages, 2020, Lin William Cong; Steven R. Grenadier; Yunzhi Hu
• Earnings, retained earnings, and book-to-market in the cross section of expected returns, 2020, Ray Ball; Joseph Gerakos; Juhani T. Linnainmaa; Valeri Nikolaev
• Economic momentum and currency returns, 2020, Magnus Dahlquist; Henrik Hasseltoft
• Emergency loans and collateral upgrades: How broker-dealers used Federal Reserve credit during the 2008 financial crisis, 2020, Mark Carlson; Marco Macchiavelli
• Empirical analysis of corporate tax reforms: What is the null and where did it come from?, 2020, Christopher A. Hennessy; Akitada Kasahara; Ilya A. Strebulaev
• Employment effects of unconventional monetary policy: Evidence from QE, 2020, Stephan Luck; Tom Zimmermann
• Exchanges of innovation resources inside venture capital portfolios, 2020, Juanita González-Uribe
• Financial intermediation and capital reallocation, 2020, Hengjie Ai; Kai Li; Fang Yang
• Financing dies in darkness? The impact of newspaper closures on public finance, 2020, Pengjie Gao; Chang Lee; Dermot Murphy
• Fiscal policy driven bond risk premia, 2020, Lorenzo Bretscher; Alex Hsu; Andrea Tamoni
• Fund tradeoffs, 2020, Ľuboš Pástor; Robert F. Stambaugh; Lucian A. Taylor
• Global currency hedging with common risk factors, 2020, Wei Opie; Steven J. Riddiough
• Governance through shame and aspiration: Index creation and corporate behavior, 2020, Akash Chattopadhyay; Matthew D. Shaffer; Charles C.Y. Wang
• Heterogeneous beliefs and return volatility around seasoned equity offerings, 2020, Ann Marie Hibbert; Qiang Kang; Alok Kumar; Suchi Mishra
• How do venture capitalists make decisions?, 2020, Paul A. Gompers; Will Gornall; Steven N. Kaplan; Ilya A. Strebulaev
• How does labor market size affect firm capital structure? Evidence from large plant openings, 2020, Hyunseob Kim
• I can see clearly now: The impact of disclosure requirements on 401(k) fees, 2020, Dominique C. Badoer; Charles P. Costello; Christopher M. James
• IQ from IP: Simplifying search in portfolio choice, 2020, Huaizhi Chen; Lauren Cohen; Umit Gurun; Dong Lou; Christopher Malloy
• Idea sharing and the performance of mutual funds, 2020, Julien Cujean
• Information arrival, delay, and clustering in financial markets with dynamic freeriding, 2020, Cyrus Aghamolla; Tadashi Hashimoto
• Information flows among rivals and corporate investment, 2020, Darren Bernard; Terrence Blackburne; Jacob Thornock
• Institutional allocations in the primary market for corporate bonds, 2020, Stanislava Nikolova; Liying Wang; Juan (Julie) Wu
• Institutional shareholders and corporate social responsibility, 2020, Tao Chen; Hui Dong; Chen Lin
• International R&D spillovers and asset prices, 2020, Federico Gavazzoni; Ana Maria Santacreu
• Inventor CEOs, 2020, Emdad Islam; Jason Zein
• Investor experiences and financial market dynamics, 2020, Ulrike Malmendier; Demian Pouzo; Victoria Vanasco
• Investor ideology, 2020, Patrick Bolton; Tao Li; Enrichetta Ravina; Howard Rosenthal
• Is conflicted investment advice better than no advice?, 2020, John Chalmers; Jonathan Reuter
• Is information risk priced? Evidence from abnormal idiosyncratic volatility, 2020, Yung Chiang Yang; Bohui Zhang; Chu Zhang
• Is the active fund management industry concentrated enough?, 2020, David Feldman; Konark Saxena; Jingrui Xu
• Is the credit spread puzzle a myth?, 2020, Jennie Bai; Robert S. Goldstein; Fan Yang
• Is there a paradox of pledgeability?, 2020, Dan Bernhardt; Kostas Koufopoulos; Giulio Trigilia
• Left-tail momentum: Underreaction to bad news, costly arbitrage and equity returns, 2020, Yigit Atilgan; Turan G. Bali; K. Ozgur Demirtas; A. Doruk Gunaydin
• Leveraged buyouts and bond credit spreads, 2020, Yael Eisenthal-Berkovitz; Peter Feldhütter; Vikrant Vig
• Limited liability and investment: Evidence from changes in marital property laws in the US South, 1840–1850, 2020, Peter Koudijs; Laura Salisbury
• Liquidity regimes and optimal dynamic asset allocation, 2020, Pierre Collin-Dufresne; Kent Daniel; Mehmet Sağlam
• Liquidity risk and exchange-traded fund returns, variances, and tracking errors, 2020, Kyounghun Bae; Daejin Kim
• Liquidity supply by broker-dealers and real activity, 2020, Jonathan Goldberg
• Location choice, portfolio choice, 2020, Ioannis Branikas; Harrison Hong; Jiangmin Xu
• Locked in by leverage: Job search during the housing crisis, 2020, Jennifer Brown; David A. Matsa
• Managerial control benefits and takeover market efficiency, 2020, Wenyu Wang; Yufeng Wu
• Measuring skewness premia, 2020, Hugues Langlois
• Medicaid and household savings behavior: New evidence from tax refunds, 2020, Emily A. Gallagher; Radhakrishnan Gopalan; Michal Grinstein-Weiss; Jorge Sabat
• Monetary stimulus and bank lending, 2020, Indraneel Chakraborty; Itay Goldstein; Andrew Mackinlay
• Mood beta and seasonalities in stock returns, 2020, Yuting Meng Digiovanni; David Hirshleifer; Danling Jiang
• Mutual fund investments in private firms, 2020, Sungjoung Kwon; Michelle Lowry; Yiming Qian
• OTC premia, 2020, Gino Cenedese; Angelo Ranaldo; Michalis Vasios
• Off-balance sheet funding, voluntary support and investment efficiency, 2020, Anatoli Segura; Jing Zeng
• On the performance of volatility-managed portfolios, 2020, Scott Cederburg; Michael S. O’Doherty; Feifei Wang; Xuemin (Sterling) Yan
• Persuasion in relationship finance, 2020, Ehsan Azarmsa; Lin William Cong
• Policy uncertainty and corporate credit spreads, 2020, Mahsa S. Kaviani; Lawrence Kryzanowski; Hosein Maleki; Pavel Savor
• Portfolio rebalancing in general equilibrium, 2020, Miles S. Kimball; Matthew D. Shapiro; Tyler Shumway; Jing Zhang
• Potential pilot problems: Treatment spillovers in financial regulatory experiments, 2020, Ekkehart Boehmer; Charles M. Jones; Xiaoyan Zhang
• Pre-trade hedging: Evidence from the issuance of retail structured products, 2020, Brian J. Henderson; Neil D. Pearson; Li Wang
• Pricing structured products with economic covariates, 2020, Yong Seok Choi; Hitesh Doshi; Kris Jacobs; Stuart M. Turnbull
• Prime (information) brokerage, 2020, Nitish Kumar; Kevin Mullally; Sugata Ray; Yuehua Tang
• Private money creation with safe assets and term premia, 2020, Sebastian Infante
• Providing liquidity in an illiquid market: Dealer behavior in US corporate bonds, 2020, Michael A. Goldstein; Edith S. Hotchkiss
• Quantify the quantitative easing: Impact on bonds and corporate debt issuance, 2020, Karamfil Todorov
• Real effects of workers’ financial distress: Evidence from teacher spillovers, 2020, Gonzalo Maturana; Jordan Nickerson
• Reducing information frictions in venture capital: The role of new venture competitions, 2020, Sabrina T. Howell
• Regulatory cooperation and foreign portfolio investment, 2020, Mark Lang; Mark Maffett; James D. Omartian; Roger Silvers
• Reputations and credit ratings: Evidence from commercial mortgage-backed securities, 2020, Ramin P. Baghai; Bo Becker
• Risky bank guarantees, 2020, Taneli Mäkinen; Lucio Sarno; Gabriele Zinna
• Security analysts and capital market anomalies, 2020, Li Guo; Frank Weikai Li; K.C. John Wei
• Shared analyst coverage: Unifying momentum spillover effects, 2020, Usman Ali; David Hirshleifer
• Short-term debt and incentives for risk-taking, 2020, Erwan Morellec; Marco Della Seta; Francesca Zucchi
• Shorting flows, public disclosure, and market efficiency, 2020, Xue Wang; Xuemin (Sterling) Yan; Lingling Zheng
• Show me the money: The monetary policy risk premium, 2020, Ali Ozdagli; Mihail Velikov
• Shrinking the cross-section, 2020, Serhiy Kozak; Stefan Nagel; Shrihari Santosh
• Sophisticated investors and market efficiency: Evidence from a natural experiment, 2020, Yong Chen; Bryan Kelly; Wei Wu
• Squaring venture capital valuations with reality, 2020, Will Gornall; Ilya A. Strebulaev
• Strategic trading and unobservable information acquisition, 2020, Snehal Banerjee; Bradyn Breon-Drish
• Stress tests and small business lending, 2020, Kristle R. Cortés; Yuliya Demyanyk; Lei Li; Elena Loutskina; Philip E. Strahan
• Swap trading after Dodd-Frank: Evidence from index CDS, 2020, Esen Onur; David Reiffen; Lynn Riggs; Haoxiang Zhu
• Terrorist attacks and investor risk preference: Evidence from mutual fund flows, 2020, Albert Y. Wang; Michael Young
• The US Treasury floating rate note puzzle: Is there a premium for mark-to-market stability?, 2020, Matthias Fleckenstein; Francis A. Longstaff
• The conditional expected market return, 2020, Fousseni Chabi-Yo; Johnathan Loudis
• The creation and evolution of entrepreneurial public markets, 2020, Shai Bernstein; Abhishek Dev; Josh Lerner
• The economic impact of right-to-work laws: Evidence from collective bargaining agreements and corporate policies, 2020, Sudheer Chava; András Danis; Alex Hsu
• The effect of exogenous information on voluntary disclosure and market quality, 2020, Sivan Frenkel; Ilan Guttman; Ilan Kremer
• The effect of minority veto rights on controller pay tunneling, 2020, Jesse M. Fried; Ehud Kamar; Yishay Yafeh
• The financing of local government in China: Stimulus loan wanes and shadow banking waxes, 2020, Zhuo Chen; Zhiguo He; Chun Liu
• The importance of being special: Repo markets during the crisis, 2020, Stefano Corradin; Angela Maddaloni
• The job rating game: Revolving doors and analyst incentives, 2020, Elisabeth Kempf
• The paradox of pledgeability, 2020, Jason Roderick Donaldson; Denis Gromb; Giorgia Piacentino
• The persistent effect of initial success: Evidence from venture capital, 2020, Ramana Nanda; Sampsa Samila; Olav Sorenson
• The price effects of liquidity shocks: A study of the SEC’s tick size experiment, 2020, Rui Albuquerque; Shiyun Song; Chen Yao
• The redistributive effects of bank capital regulation, 2020, Elena Carletti; Robert Marquez; Silvio Petriconi
• The scarcity effect of QE on repo rates: Evidence from the euro area, 2020, William Arrata; Benoît Nguyen; Imène Rahmouni-Rousseau; Miklos Vari
• The term structure and inflation uncertainty, 2020, Tomas Breach; Stefania D’Amico; Athanasios Orphanides
• The term structure of liquidity provision, 2020, Jennifer Conrad; Sunil Wahal
• The timing and consequences of seasoned equity offerings: A regression discontinuity approach, 2020, Amy Dittmar; Ran Duchin; Shuran Zhang
• Tick size, liquidity for small and large orders, and price informativeness: Evidence from the Tick Size Pilot Program, 2020, Kee H. Chung; Albert J. Lee; Dominik Rösch
• Time series momentum: Is it there?, 2020, Dashan Huang; Jiangyuan Li; Liyao Wang; Guofu Zhou
• Time to build and the real-options channel of residential investment, 2020, Hyunseung Oh; Chamna Yoon
• Time-varying demand for lottery: Speculation ahead of earnings announcements, 2020, Bibo Liu; Huijun Wang; Jianfeng Yu; Shen Zhao
• Time-varying inflation risk and stock returns, 2020, Martijn Boons; Fernando Duarte; Frans De Roon; Marta Szymanowska
• Trading and arbitrage in cryptocurrency markets, 2020, Igor Makarov; Antoinette Schoar
• Trading out of sight: An analysis of cross-trading in mutual fund families, 2020, Alexander Eisele; Tamara Nefedova; Gianpaolo Parise; Kim Peijnenburg
• Turning alphas into betas: Arbitrage and endogenous risk, 2020, Thummim Cho
• What you see is not what you get: The costs of trading market anomalies, 2020, Andrew J. Patton; Brian M. Weller
• When low beats high: Riding the sales seasonality premium, 2020, Gustavo Grullon; Yamil Kaba; Alexander Núñez-Torres
• Who's paying attention? Measuring common ownership and its impact on managerial incentives, 2020, Erik P. Gilje; Todd A. Gormley; Doron Levit
• Why do discount rates vary?, 2020, Serhiy Kozak; Shrihari Santosh
• Why do option returns change sign from day to night?, 2020, Dmitriy Muravyev; Xuechuan (Charles) Ni
• Why does public news augment information asymmetries?, 2020, Julio A. Crego

Review of Financial Studies

• A Bound on Expected Stock Returns, 2020, Ohad Kadan; Xiaoxiao Tang
• A Transaction-Cost Perspective on the Multitude of Firm Characteristics, 2020, Victor Demiguel; Alberto Martín-Utrera; Francisco J Nogales; Raman Uppal
• Advertising, Attention, and Financial Markets, 2020, Florens Focke; Stefan Ruenzi; Michael Ungeheuer
• Aggregation, Capital Heterogeneity, and the Investment CAPM, 2020, Andrei S Gonçalves; Stijn Van Nieuwerburgh; Chen Xue; Lu Zhang
• Ambiguity, Volatility, and Credit Risk, 2020, Patrick Augustin; Yehuda Izhakian; Stijn Van Nieuwerburgh
• Annual Report of the Society for Financial Studies for 2018–2019, 2020, Andrew Ellul; Itay Goldstein; Craig Holden; Ron Masulis; Jeffrey Pontiff; Antoinette Schoar
• Anomalies and False Rejections, 2020, Tarun Chordia; Amit Goyal; Alessio Saretto
• Asset Price Bubbles and Systemic Risk, 2020, Markus Brunnermeier; Itay Goldstein; Simon Rother; Isabel Schnabel
• Asymmetric or Incomplete Information about Asset Values?, 2020, Crocker H Liu; Stijn Van Nieuwerburgh; Adam D Nowak; Patrick S Smith
• Attention to Global Warming, 2020, Darwin Choi; Zhenyu Gao; Wenxi Jiang
• Back-Running: Seeking and Hiding Fundamental Information in Order Flows, 2020, Liyan Yang; Haoxiang Zhu
• Bank Deposits and the Stock Market, 2020, Leming Lin; Strahan
• Bank Geographic Diversification and Systemic Risk, 2020, Yongqiang Chu; Saiying Deng; Philip Strahan; Cong Xia
• Bank Regulation under Fire Sale Externalities, 2020, Itay Goldstein; Gazi I Kara; S Mehmet Ozsoy
• Banks’ Balance Sheets and Liquidation Values: Evidence from Real Estate Collateral, 2020, Rodney Ramcharan
• Banks’ Risk Dynamics and Distance to Default, 2020, Itay Goldstein; Stefan Nagel; Amiyatosh Purnanandam
• Beta Risk in the Cross-Section of Equities, 2020, Ali Boloorforoosh; Peter Christoffersen; Mathieu Fournier; Christian Gouriéroux; Stijn Van Nieuwerburgh
• Bubbles and Financial Professionals, 2020, Lauren Cohen; Christoph Huber; Jürgen Huber; Michael Kirchler; Florian Lindner; Julia Rose; Utz Weitzel
• Career Risk and Market Discipline in Asset Management, 2020, Andrew Ellul; Wei Jiang; Marco Pagano; Annalisa Scognamiglio
• Cheap Talk and Strategic Rounding in LIBOR Submissions, 2020, Ángel Hernando-Veciana; Philip Strahan; Michael Tröge
• Climate Finance, 2020, Harrison Hong; José A Scheinkman
• Communication within Banking Organizations and Small Business Lending, 2020, Ross Levine; Chen Lin; Qilin Peng; Wensi Xie
• Comparing Cross-Section and Time-Series Factor Models, 2020, Eugene F Fama; Kenneth R French
• Competition, Markups, and Predictable Returns, 2020, Alexandre Corhay; Howard Kung; Stijn Van Nieuwerburgh; Lukas Schmid
• Contracting on Credit Ratings: Adding Value to Public Information, 2020, Christine A Parlour; Uday Rajan
• Core and ‘Crust’: Consumer Prices and the Term Structure of Interest Rates, 2020, Andrea Ajello; Luca Benzoni; Olena Chyruk; Stijn Van Nieuwerburgh
• Corporate Governance and Pollution Externalities of Public and Private Firms, 2020, Margaret M Forster; Jose Scheinkman; Sophie A Shive
• Countercyclical Bank Equity Issuance, 2020, Matthew Baron; Itay Goldstein
• Credit and Punishment: Are Corporate Bankers Disciplined for Risk-Taking?, 2020, Janet Gao; Itay Goldstein; Kristoph Kleiner; Joseph Pacelli
• Creditor Rights, Technology Adoption, and Productivity: Plant-Level Evidence, 2020, Nuri Ersahin; Philip Strahan
• Cross-Listings and the Dynamics between Credit and Equity Returns, 2020, Patrick Augustin; Feng Jiao; Sergei Sarkissian; Michael J Schill
• Dash for Cash: Monthly Market Impact of Institutional Liquidity Needs, 2020, Erkko Etula; Kalle Rinne; Matti Suominen; Lauri Vaittinen
• Deadlock on the Board, 2020, Jason Roderick Donaldson; Itay Goldstein; Nadya Malenko; Giorgia Piacentino
• Derivatives Supply and Corporate Hedging: Evidence from the Safe Harbor Reform of 2005, 2020, Erasmo Giambona; Philip Strahan; Ye Wang
• Destructive Creation at Work: How Financial Distress Spurs Entrepreneurship, 2020, Tania Babina
• Dissecting Characteristics Nonparametrically, 2020, Joachim Freyberger; Andreas Neuhierl; Michael Weber
• Dividend Payouts and Rollover Crises, 2020, Itay Goldstein; Ragnar E Juelsrud; Plamen T Nenov
• Do CEOs Affect Employees’ Political Choices?, 2020, Ilona Babenko; Viktar Fedaseyeu; Song Zhang
• Do Financial Regulations Shape the Functioning of Financial Institutions’ Risk Management in Asset-Backed Securities Investment?, 2020, Xuanjuan Chen; Eric Higgins; Wei Jiang; Han Xia; Hong Zou
• Do Fund Managers Misestimate Climatic Disaster Risk, 2020, Shashwat Alok; Harrison Hong; Nitin Kumar; Russ Wermers
• Does Climate Change Affect Real Estate Prices? Only If You Believe In It, 2020, Markus Baldauf; Lorenzo Garlappi; José Scheinkman; Constantine Yannelis
• Dynamic Asset Sales with a Feedback Effect, 2020, Sivan Frenkel; Itay Goldstein
• Economic Consequences of Housing Speculation, 2020, Zhenyu Gao; Itay Goldstein; Michael Sockin; Wei Xiong
• Empirical Asset Pricing via Machine Learning, 2020, Shihao Gu; Bryan Kelly; Dacheng Xiu
• Employment Protection, Investment, and Firm Growth, 2020, John (Jianqiu) Bai; David Denis; Douglas Fairhurst; Matthew Serfling
• Equity Is Cheap for Large Financial Institutions, 2020, Priyank Gandhi; Hanno Lustig; Alberto Plazzi
• Equity Price Discovery with Informed Private Debt, 2020, Jawad M Addoum; Itay Goldstein; Justin R Murfin
• Expectations Management and Stock Returns, 2020, Lauren Cohen; Travis L Johnson; Jinhwan Kim; Eric C So
• Factor Timing, 2020, Valentin Haddad; Serhiy Kozak; Stijn Van Nieuwerburgh; Shrihari Santosh
• Factors That Fit the Time Series and Cross-Section of Stock Returns, 2020, Martin Lettau; Stijn Van Nieuwerburgh; Markus Pelger
• Financial Constraints, Monetary Policy Shocks, and the Cross-Section of Equity Returns, 2020, Sudheer Chava; Robin Greenwood; Alex Hsu
• Financial Frictions and the Great Productivity Slowdown, 2020, Romain Duval; Gee Hee Hong; Philip Strahan; Yannick Timmer
• Financial Illiteracy and Pension Contributions: A Field Experiment on Compound Interest in China, 2020, Stijn Van Nieuwerburgh; Changcheng Song
• Financial Inclusion, Human Capital, and Wealth Accumulation: Evidence from the Freedman’s Savings Bank, 2020, Francesca Cornelli; Luke C D Stein; Constantine Yannelis
• Financial Literacy Externalities, 2020, Lauren Cohen; Michael Haliassos; Thomas Jansson; Yigitcan Karabulut
• Financing Efficiency of Securities-Based Crowdfunding, 2020, David C Brown; Shaun William Davies; Itay Goldstein
• Flights to Safety, 2020, Lieven Baele; Geert Bekaert; Koen Inghelbrecht; Min Wei
• Geographic Lead-Lag Effects, 2020, Christopher A Parsons; Riccardo Sabbatucci; Sheridan Titman
• Global Political Uncertainty and Asset Prices, 2020, Jonathan Brogaard; Lili Dai; Phong T H Ngo; Bohui Zhang
• Government as Customer of Last Resort: The Stabilizing Effects of Government Purchases on Firms, 2020, Jim Goldman; Philip Strahan
• Gravity in the Exchange Rate Factor Structure, 2020, Andrew Karolyi; Hanno Lustig; Robert J Richmond
• Hedging Climate Change News, 2020, Robert F Engle; Stefano Giglio; Bryan Kelly; Heebum Lee; Johannes Stroebel
• History-Dependent Risk Preferences: Evidence from Individual Choices and Implications for the Disposition Effect, 2020, Angie Andrikogiannopoulou; Francesca Cornelli; Filippos Papakonstantinou
• Home Bias and Local Contagion: Evidence from Funds of Hedge Funds, 2020, Clemens Sialm; Zheng Sun; Lu Zheng
• How Much Do Directors Influence Firm Value?, 2020, Aaron Burt; Jarrad Harford; Christopher Hrdlicka
• Idiosyncratic Jump Risk Matters: Evidence from Equity Returns and Options, 2020, Jean-François Bégin; Christian Dorion; Geneviève Gauthier
• Impediments to Financial Trade: Theory and Applications, 2020, Nicolae Gârleanu; Stijn Van Nieuwerburgh; Stavros Panageas; Jianfeng Yu
• Industry Structure and the Strategic Provision of Trade Credit by Upstream Firms, 2020, Itay Goldstein; Alfred Lehar; Victor Y Song; Lasheng Yuan
• Information Revealed through the Regulatory Process: Interactions between the SEC and Companies ahead of Their IPO, 2020, Francesca Cornelli; Michelle Lowry; Roni Michaely; Ekaterina Volkova
• Informational Efficiency in Securitization after Dodd-Frank, 2020, Sean J Flynn; Andra C Ghent; Stijn Van Nieuwerburgh; Alexei Tchistyi
• Informing the Market: The Effect of Modern Information Technologies on Information Production, 2020, Meng Gao; Itay Goldstein; Jiekun Huang
• Initial Coin Offerings: Financing Growth with Cryptocurrency Token Sales, 2020, Sabrina T Howell; Marina Niessner; Jiang Wei; David Yermack
• Innovation Activities and Integration through Vertical Acquisitions, 2020, Francesca Cornelli; Laurent Frésard; Gerard Hoberg; Gordon M Phillips
• Institutional Trading around Corporate News: Evidence from Textual Analysis, 2020, Alan Guoming Huang; Wei Jiang; Hongping Tan; Russ Wermers
• Investment Timing and Incentive Costs, 2020, Sebastian Gryglewicz; Barney Hartman-Glaser
• Investor Information Acquisition and Money Market Fund Risk Rebalancing during the 2011–2012 Eurozone Crisis, 2020, Emily A Gallagher; Lawrence D W Schmidt; Allan Timmermann; Russ Wermers
• Is the Risk of Sea Level Rise Capitalized in Residential Real Estate?, 2020, Justin Murfin; Jose Scheinkman; Matthew Spiegel
• Liquidity Provision Contracts and Market Quality: Evidence from the New York Stock Exchange, 2020, Hendrik Bessembinder; Jia Hao; Kuncheng Zheng
• Macroeconomic Tail Risks and Asset Prices, 2020, Stijn Van Nieuwerburgh; David Schreindorfer
• Measuring Sovereign Bond Market Integration, 2020, Rajna Gibson Brandon; Ines Chaieb; Vihang Errunza; Andrew Karolyi
• Monetary Transmission through Shadow Banks, 2020, Francesca Cornelli; Kairong Xiao
• Monitoring the Monitor: Distracted Institutional Investors and Board Governance, 2020, Wei Jiang; Claire Liu; Angie Low; Ronald W Masulis; Le Zhang
• Monthly Payment Targeting and the Demand for Maturity, 2020, Bronson S Argyle; Itay Goldstein; Taylor D Nadauld; Christopher J Palmer
• Mutual Funding, 2020, Javier Gil-Bazo; Peter Hoffmann; Sergio Mayordomo
• Negative Swap Spreads and Limited Arbitrage, 2020, Urban J Jermann
• New Methods for the Cross-Section of Returns, 2020, Stijn Van Nieuwerburgh
• On the Asset Market View of Exchange Rates, 2020, A Craig Burnside; Jeremy J Graveline
• On the Effects of Restricting Short-Term Investment, 2020, Nicolas Crouzet; Ian Dew-Becker; Charles G Nathanson
• On the Rise of FinTechs: Credit Scoring Using Digital Footprints, 2020, Tobias Berg; Valentin Burg; Ana Gombović; Manju Puri
• Options Trading Costs Are Lower than You Think, 2020, Dmitriy Muravyev; Stijn Van Nieuwerburgh; Neil D Pearson
• Order Cancellations, Fees, and Execution Quality in U.S. Equity Options, 2020, Todd G Griffith; Robert A Van Ness
• Over-the-Counter versus Limit-Order Markets: The Role of Traders’ Expertise, 2020, Vincent Glode; Christian C Opp
• Overcoming Discount Window Stigma: An Experimental Investigation, 2020, Olivier Armantier; Itay Goldstein; Charles A Holt
• Peer Financial Distress and Individual Leverage, 2020, Lauren Cohen; Ankit Kalda
• Peers’ Income and Financial Distress: Evidence from Lottery Winners and Neighboring Bankruptcies, 2020, Sumit Agarwal; Vyacheslav Mikhed; Barry Scholnick
• Pipeline Risk in Leveraged Loan Syndication, 2020, Max Bruche; Frederic Malherbe; Ralf R Meisenzahl
• Political Investment Cycles of State-Owned Enterprises, 2020, Qingyuan Li; Chen Lin; Li Xu
• Politics, State Ownership, and Corporate Investments, 2020, Shashwat Alok; Meghana Ayyagari
• Pricing Uncertainty Induced by Climate Change, 2020, Michael Barnett; William Brock; Lars Peter Hansen; Harrison Hong
• Priority Spreading of Corporate Debt, 2020, Dominique C Badoer; Evan Dudley; Christopher M James
• Production Networks and Stock Returns: The Role of Vertical Creative Destruction, 2020, Michael Gofman; Stijn Van Nieuwerburgh; Gill Segal; Youchang Wu
• Public Oversight and Reporting Credibility: Evidence from the PCAOB Audit Inspection Regime, 2020, Brandon Gipper; Christian Leuz; Mark Maffett
• Real Option Exercise: Empirical Evidence, 2020, Paul H Décaire; Erik P Gilje; Stijn Van Nieuwerburgh; Jérôme P Taillard
• Renting Balance Sheet Space: Intermediary Balance Sheet Rental Costs and the Valuation of Derivatives, 2020, Matthias Fleckenstein; Francis A Longstaff; Stijn Van Nieuwerburgh
• Replicating Anomalies, 2020, Kewei Hou; Chen Xue; Lu Zhang
• Resiliency and Stock Returns, 2020, Nazli Sila Alan; Jian Hua; Lin Peng; Robert A Schwartz
• Risk Management Failures, 2020, Matthieu Bouvard; Itay Goldstein; Samuel Lee
• Role of the Community Reinvestment Act in Mortgage Supply and the U.S. Housing Boom, 2020, Stijn Van Nieuwerburgh; Vahid Saadi
• Rules versus Discretion in Bank Resolution, 2020, Itay Goldstein; Ansgar Walther; Lucy White
• Safe Collateral, Arm’s-Length Credit: Evidence from the Commercial Real Estate Market, 2020, Lamont K Black; John R Krainer; Joseph B Nichols; Stijn Van Nieuwerburgh
• Shareholder Governance and CEO Compensation: The Peer Effects of Say on Pay, 2020, Diane K Denis; Wei Jiang; Torsten Jochem; Anjana Rajamani
• Shock Transmission Through Cross-Border Bank Lending: Credit and Real Effects, 2020, Galina Hale; Tümer Kapan; Camelia Minoiu; Philip Strahan
• Short- and Long-Horizon Behavioral Factors, 2020, Kent Daniel; David Hirshleifer; Lin Sun
• Should I Stay or Should I Grow? Using Voluntary Disclosure to Elicit Market Feedback, 2020, Sudarshan Jayaraman; Wei Jiang; Joanna Shuang Wu
• Socioeconomic Status and Macroeconomic Expectations, 2020, Sreyoshi Das; Camelia M Kuhnen; Stefan Nagel
• Speculators and Middlemen: The Strategy and Performance of Investors in the Housing Market, 2020, Patrick Bayer; Christopher Geissler; Andrew Karolyi; Kyle Mangum; James W Roberts
• Stock Market Rumors and Credibility, 2020, Itay Goldstein; Daniel Schmidt
• Symmetric and Asymmetric Market Betas and Downside Risk, 2020, Andrew Karolyi; Yaron Levi; Ivo Welch
• Symmetry in Pay for Luck, 2020, Francesca Cornelli; Naveen D Daniel; Yuanzhi Li; Lalitha Naveen
• Temperature Shocks and Establishment Sales, 2020, Jawad M Addoum; Harrison Hong; David T Ng; Ariel Ortiz-Bobea
• Testing Beta-Pricing Models Using Large Cross-Sections, 2020, Andrew Karolyi; Valentina Raponi; Cesare Robotti; Paolo Zaffaroni
• Testing for Multiple-Horizon Predictability: Direct Regression Based versus Implication Based, 2020, Lauren Cohen; Ke-Li Xu
• The Collateralizability Premium, 2020, Hengjie Ai; Jun E Li; Kai Li; Stijn Van Nieuwerburgh; Christian Schlag
• The Cross-Section of Risk and Returns, 2020, Kent Daniel; Lira Mota; Simon Rottke; Tano Santos
• The Cultural Origin of CEOs’ Attitudes toward Uncertainty: Evidence from Corporate Acquisitions, 2020, Yihui Pan; Stephan Siegel; Tracy Yue Wang
• The Deregulation of the Private Equity Markets and the Decline in IPOs, 2020, Michael Ewens; Joan Farre-Mensa
• The Effect of Cash Injections: Evidence from the 1980s Farm Debt Crisis, 2020, Nittai K Bergman; Rajkamal Iyer; Philip Strahan; Richard T Thakor
• The Effects of Competition in Consumer Credit Markets, 2020, Stefan Gissler; Rodney Ramcharan; Philip Strahan; Edison Yu
• The Equity Premium and the One Percent, 2020, Stijn Van Nieuwerburgh; Alexis Akira Toda; Kieran James Walsh
• The Importance of Climate Risks for Institutional Investors, 2020, Philipp Krueger; Zacharias Sautner; Laura T Starks
• The Life Cycle of Corporate Venture Capital, 2020, Song Ma
• The Limits of Lending? Banks and Technology Adoption across Russia, 2020, Çağatay Bircan; Ralph De Haas
• The Role of Government in Firm Outcomes, 2020, David Denis; Ran Duchin; Zhenyu Gao; Haibing Shu
• The Strategic Effects of Trademark Protection, 2020, Davidson Heath; Christopher Mace
• The Value of Green Energy: Optimal Investment in Mutually Exclusive Projects and Operating Leverage, 2020, Jerome Detemple; Yerkin Kitapbayev; Philip Strahan
• Time-Varying Risk Premium and Unemployment Risk across Age Groups, 2020, Indrajit Mitra; Stijn Van Nieuwerburgh; Yu Xu
• Transparency and Talent Allocation in Money Management, 2020, Francesca Cornelli; Simon Gervais; Günter Strobl
• Uncertainty and Economic Activity: A Multicountry Perspective, 2020, Ambrogio Cesa-Bianchi; Stijn Van Nieuwerburgh; M Hashem Pesaran; Alessandro Rebucci
• When Investor Incentives and Consumer Interests Diverge: Private Equity in Higher Education, 2020, Francesca Cornelli; Charlie Eaton; Sabrina T Howell; Constantine Yannelis
• Why Do Firms Hold Cash? Evidence from Demographic Demand Shifts, 2020, Igor Cunha; David Denis; Joshua Pollet
• Why Does an IPO Affect Rival Firms?, 2020, Matthew Spiegel; Heather Tookes

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