2021

A BIT goes a long way: Bilateral investment treaties and cross-border mergers, 2021, Vineet Bhagwat; Jonathan Brogaard; Brandon Julio

A day late and a dollar short: Liquidity and household formation among student borrowers, 2021, Sarena Goodman; Adam Isen; Constantine Yannelis

A dynamic theory of multiple borrowing, 2021, Daniel Green; Ernest Liu

A tale of two types: Generalists vs. specialists in asset management, 2021, Rafael Zambrana; Fernando Zapatero

Access to public capital markets and employment growth, 2021, Alexander Borisov; Andrew Ellul; Merih Sevilir

Accounting for financial stability: Bank disclosure and loss recognition in the financial crisis, 2021, Jannis Bischof; Christian Laux; Christian Leuz

Air pollution, affect, and forecasting bias: Evidence from Chinese financial analysts, 2021, Rui Dong; Raymond Fisman; Yongxiang Wang; Nianhang Xu

Air pollution, behavioral bias, and the disposition effect in China, 2021, Jennifer (Jie) Li; Massimo Massa; Hong Zhang; Jian Zhang

Anatomy of a liquidity crisis: Corporate bonds in the COVID-19 crisis, 2021, Maureen O'Hara; Xing (Alex) Zhou

And the children shall lead: Gender diversity and performance in venture capital, 2021, Sophie Calder-Wang; Paul A. Gompers

Angels and venture capitalists: Substitutes or complements?, 2021, Thomas Hellmann; Paul Schure; Dan H. Vo

Are disagreements agreeable? Evidence from information aggregation, 2021, Dashan Huang; Jiangyuan Li; Liyao Wang

Are return seasonalities due to risk or mispricing?, 2021, Matti Keloharju; Juhani T. Linnainmaa; Peter Nyberg

Asset mispricing, 2021, Kurt F. Lewis; Francis A. Longstaff; Lubomir Petrasek

Asset prices, midterm elections, and political uncertainty, 2021, Kam Fong Chan; Terry Marsh

Asset pricing with heterogeneous agents and long-run risk, 2021, Walter Pohl; Karl Schmedders; Ole Wilms

Asset pricing with index investing, 2021, Georgy Chabakauri; Oleg Rytchkov

Asymmetric information risk in FX markets, 2021, Angelo Ranaldo; Fabricius Somogyi

Bank capital, government bond holdings, and sovereign debt capacity, 2021, Matteo Crosignani

Bank monitoring: Evidence from syndicated loans, 2021, Matthew T. Gustafson; Ivan T. Ivanov; Ralf R. Meisenzahl

Banks as patient lenders: Evidence from a tax reform, 2021, Elena Carletti; Vasso Ioannidou; Filippo De Marco; Enrico Sette

Banks funding, leverage, and investment, 2021, Alessandro Barattieri; Laura Moretti; Vincenzo Quadrini

Benchmark interest rates when the government is risky, 2021, P. Augustin; M. Chernov; L. Schmid; D. Song

Bias in the effective bid-ask spread, 2021, Björn Hagströmer

Brexit and the contraction of syndicated lending, 2021, Tobias Berg; Anthony Saunders; Larissa Schäfer; Sascha Steffen

Business groups and the incorporation of firm-specific shocks into stock prices, 2021, Mara Faccio; Randall Morck; M. Deniz Yavuz

Calendar rotations: A new approach for studying the impact of timing using earnings announcements, 2021, Suzie Noh; Eric C. So; Rodrigo S. Verdi

Can investors time their exposure to private equity?, 2021, Gregory Brown; Robert Harris; Wendy Hu; Tim Jenkinson; Steven N. Kaplan; David T. Robinson

Can unpredictable risk exposure be priced?, 2021, Ricardo Barahona; Joost Driessen; Rik Frehen

Capital supply and corporate bond issuances: Evidence from mutual fund flows, 2021, Qifei Zhu

Central bank communication and the yield curve, 2021, Matteo Leombroni; Andrea Vedolin; Gyuri Venter; Paul Whelan

Color and credit: Race, regulation, and the quality of financial services, 2021, Taylor A. Begley; Amiyatosh Purnanandam

Common ownership and competition in product markets, 2021, Andrew Koch; Marios Panayides; Shawn Thomas

Common pricing across asset classes: Empirical evidence revisited, 2021, Nikolay Gospodinov; Cesare Robotti

Common shocks in stocks and bonds, 2021, Anna Cieslak; Hao Pang

Compensation disclosures and strategic commitment: Evidence from revenue-based pay, 2021, Matthew J. Bloomfield

Competition among liquidity providers with access to high-frequency trading technology, 2021, Mark Van Achter; Dion Bongaerts

Competition, profitability, and discount rates, 2021, Winston Wei Dou; Yan Ji; Wei Wu

Contracting without contracting institutions: The trusted assistant loan in 19th century China, 2021, Meng Miao; Guanjie Niu; Thomas Noe

Contracts with (Social) benefits: The implementation of impact investing, 2021, Christopher Geczy; Jessica S. Jeffers; David K. Musto; Anne M. Tucker

Core earnings: New data and evidence, 2021, Ethan Rouen; Eric C. So; Charles C.Y. Wang

Corporate green bonds, 2021, Caroline Flammer

Corporate immunity to the COVID-19 pandemic, 2021, Wenzhi Ding; Ross Levine; Chen Lin; Wensi Xie

Creditor control rights and resource allocation within firms, 2021, Nuri Ersahin; Rustom M. Irani; Hanh Le

Death by committee? An analysis of corporate board (sub-) committees, 2021, Renée B. Adams; Vanitha Ragunathan; Robert Tumarkin

Debt relief and slow recovery: A decade after Lehman, 2021, Tomasz Piskorski; Amit Seru

Deleting misconduct: The expungement of BrokerCheck records, 2021, Colleen Honigsberg; Matthew Jacob

Diagnostic bubbles, 2021, Pedro Bordalo; Nicola Gennaioli; Spencer Yongwook Kwon; Andrei Shleifer

Did technology contribute to the housing boom? Evidence from MERS, 2021, Stefan Lewellen; Emily Williams

Directors’ career concerns: Evidence from proxy contests and board interlocks, 2021, Shuran Zhang

Dissecting bankruptcy frictions, 2021, Winston Wei Dou; Lucian A. Taylor; Wei Wang; Wenyu Wang

Do activist hedge funds target female CEOs? The role of CEO gender in hedge fund activism, 2021, Bill B. Francis; Iftekhar Hasan; Yinjie (Victor) Shen; Qiang Wu

Do investors care about carbon risk?, 2021, Patrick Bolton; Marcin Kacperczyk

Do limits to arbitrage explain the benefits of volatility-managed portfolios?, 2021, Pedro Barroso; Andrew Detzel

Do low search costs facilitate like-buys-like mergers? Evidence from common bank networks1, 2021, Jiakai Chen; Joon Ho Kim; S. Ghon Rhee

Does common ownership really increase firm coordination?, 2021, Katharina Lewellen; Michelle Lowry

Does personal liability deter individuals from serving as independent directors?, 2021, S. Lakshmi Naaraayanan; Kasper Meisner Nielsen

Does regulatory cooperation help integrate equity markets?, 2021, Roger Silvers

Does target firm insider trading signal the target's synergy potential in mergers and acquisitions?, 2021, Inho Suk; Mengmeng Wang

Dynamic multitasking and managerial investment incentives, 2021, Florian Hoffmann; Sebastian Pfeil

Dynamic resource allocation with hidden volatility, 2021, Felix Zhiyu Feng; Mark M. Westerfield

Dynastic control without ownership: Evidence from post-war Japan, 2021, Morten Bennedsen; Vikas Mehrotra; Jungwook Shim; Yupana Wiwattanakantang

Engineering lemons, 2021, Petra Vokata

Entangled risks in incomplete FX markets, 2021, Thomas Maurer; Ngoc-Khanh Tran

Entrepreneurship and information on past failures: A natural experiment, 2021, Christophe Cahn; Mattia Girotti; Augustin Landier

Estimating the anomaly base rate, 2021, Alex Chinco; Andreas Neuhierl; Michael Weber

Extrapolative beliefs in the cross-section: What can we learn from the crowds?, 2021, Zhi Da; Xing Huang; Lawrence J. Jin

Eye in the sky: Private satellites and government macro data, 2021, Abhiroop Mukherjee; George Panayotov; Janghoon Shon

Factors and risk premia in individual international stock returns, 2021, Ines Chaieb; Hugues Langlois; Olivier Scaillet

Failing to forecast rare events, 2021, Philip Bond; James Dow

Family comes first: Reproductive health and the gender gap in entrepreneurship, 2021, Jonathan Zandberg

Feedback loops in industry trade networks and the term structure of momentum profits, 2021, Ali Sharifkhani; Mikhail Simutin

Finance and the supply of housing quality, 2021, Michael Reher

Firm leverage and employment dynamics, 2021, Xavier Giroud; Holger M. Mueller

Firm selection and corporate cash holdings, 2021, Juliane Begenau; Berardino Palazzo

Flying under the radar: The effects of short-sale disclosure rules on investor behavior and stock prices, 2021, Stephan Jank; Christoph Roling; Esad Smajlbegovic

Frequency dependent risk, 2021, Andreas Neuhierl; Rasmus T. Varneskov

Friends with bankruptcy protection benefits, 2021, Kristoph Kleiner; Noah Stoffman; Scott E. Yonker

Funding liquidity shocks in a quasi-experiment: Evidence from the CDS Big Bang, 2021, Xinjie Wang; Yangru Wu; Hongjun Yan; Zhaodong (Ken) Zhong

GSIB surcharges and bank lending: Evidence from US corporate loan data, 2021, Giovanni Favara; Ivan Ivanov; Marcelo Rezende

Geographic diversification and bank lending during crises, 2021, Sebastian Doerr; Philipp Schaz

Global factor premiums, 2021, Guido Baltussen; Laurens Swinkels; Pim Van Vliet

Global market inefficiencies, 2021, Söhnke M. Bartram; Mark Grinblatt

Hedging demand and market intraday momentum, 2021, Guido Baltussen; Zhi Da; Sten Lammers; Martin Martens

Hedging macroeconomic and financial uncertainty and volatility, 2021, Ian Dew-Becker; Stefano Giglio; Bryan Kelly

Heterogeneous intermediary asset pricing, 2021, Mahyar Kargar

High-cost debt and perceived creditworthiness: Evidence from the UK, 2021, Andres Liberman; Daniel Paravisini; Vikram Pathania

Identifying and boosting “Gazelles”: Evidence from business accelerators, 2021, Juanita González-Uribe; Santiago Reyes

Impact investing, 2021, Brad M. Barber; Adair Morse; Ayako Yasuda

Impact of marketplace lending on consumers’ future borrowing capacities and borrowing outcomes, 2021, Sudheer Chava; Rohan Ganduri; Nikhil Paradkar; Yafei Zhang

Implied volatility duration: A measure for the timing of uncertainty resolution, 2021, Christian Schlag; Julian Thimme; Rüdiger Weber

Index option returns and generalized entropy bounds, 2021, Yan Liu

Information shocks, disagreement, and drift, 2021, Will J. Armstrong; Laura Cardella; Nasim Sabah

Informed trading in government bond markets, 2021, Robert Czech; Shiyang Huang; Dong Lou; Tianyu Wang

Inside brokers, 2021, Frank Weikai Li; Abhiroop Mukherjee; Rik Sen

Inspecting the mechanism of quantitative easing in the euro area, 2021, Ralph S.J. Koijen; François Koulischer; Benoît Nguyen; Motohiro Yogo

Internet searching and stock price crash risk: Evidence from a quasi-natural experiment, 2021, Yongxin Xu; Yuhao Xuan; Gaoping Zheng

Intraday arbitrage between ETFs and their underlying portfolios, 2021, Travis Box; Ryan Davis; Richard Evans; Andrew Lynch

Investment responses to tax policy under uncertainty, 2021, Maciej Albinowski; Irem Guceri

Investment, capital stock, and replacement cost of assets when economic depreciation is non-geometric, 2021, Dmitry Livdan; Alexander Nezlobin

Investors’ appetite for money-like assets: The MMF industry after the 2014 regulatory reform, 2021, Marco Cipriani; Gabriele La Spada

Is there a risk-return tradeoff in the corporate bond market? Time-series and cross-sectional evidence, 2021, Jennie Bai; Turan G. Bali; Quan Wen

It’s not so bad: Director bankruptcy experience and corporate risk-taking, 2021, Radhakrishnan Gopalan; Todd A. Gormley; Ankit Kalda

Labor leverage, coordination failures, and aggregate risk, 2021, Matthieu Bouvard; Adolfo De Motta

Learning from noise: Evidence from India’s IPO lotteries, 2021, Santosh Anagol; Vimal Balasubramaniam; Tarun Ramadorai

Life after LIBOR, 2021, Sven Klingler; Olav Syrstad

Lifting the veil: The price formation of corporate bond offerings, 2021, Liying Wang

Loan guarantees and credit supply, 2021, Natalie Bachas; Olivia S. Kim; Constantine Yannelis

Long-term discount rates do not vary across firms, 2021, Matti Keloharju; Juhani T. Linnainmaa; Peter Nyberg

Long-term reversals in the corporate bond market, 2021, Turan G. Bali; Avanidhar Subrahmanyam; Quan Wen

Lucky factors, 2021, Campbell R. Harvey; Yan Liu

M&A rumors about unlisted firms, 2021, Yan Alperovych; Douglas Cumming; Veronika Czellar; Alexander Groh

Macro risks and the term structure of interest rates, 2021, Geert Bekaert; Eric Engstrom; Andrey Ermolov

Macroprudential FX regulations: Shifting the snowbanks of FX vulnerability?, 2021, Toni Ahnert; Kristin Forbes; Christian Friedrich; Dennis Reinhardt

Market efficiency and limits to arbitrage: Evidence from the Volkswagen short squeeze, 2021, Franklin Allen; Marlene D. Haas; Eric Nowak; Angel Tengulov

Market expectations of a warming climate, 2021, Wolfram Schlenker; Charles A. Taylor

Measuring institutional trading costs and the implications for finance research: The case of tick size reductions, 2021, Gregory W. Eaton; Paul J. Irvine; Tingting Liu

Mispricing, short-sale constraints, and the cross-section of option returns, 2021, Lakshmi Shankar Ramachandran; Jitendra Tayal

Monetary policy at work: Security and credit application registers evidence, 2021, José-Luis Peydró; Andrea Polo; Enrico Sette

Mutual fund flows and fluctuations in credit and business cycles, 2021, Azi Ben-Rephael; Jaewon Choi; Itay Goldstein

Negative peer disclosure, 2021, Sean Shun Cao; Vivian W. Fang; Lijun (Gillian) Lei

Network risk and key players: A structural analysis of interbank liquidity, 2021, Edward Denbee; Christian Julliard; Ye Li; Kathy Yuan

Network structure and pricing in the FX market, 2021, Joel Hasbrouck; Richard M. Levich

On the direct and indirect real effects of credit supply shocks, 2021, Laura Alfaro; Manuel García-Santana; Enrique Moral-Benito

Optimal financing with tokens, 2021, Sebastian Gryglewicz; Simon Mayer; Erwan Morellec

Out of sight no more? The effect of fee disclosures on 401(k) investment allocations, 2021, Mathias Kronlund; Veronika K. Pool; Clemens Sialm; Irina Stefanescu

Persistent government debt and aggregate risk distribution, 2021, M. Croce; Thien T. Nguyen; S. Raymond

Persistent negative cash flows, staged financing, and the stockpiling of cash balances, 2021, David J. Denis; Stephen B. Mckeon

Pervasive underreaction: Evidence from high-frequency data, 2021, Hao Jiang; Sophia Zhengzi Li; Hao Wang

Picking funds with confidence, 2021, Niels S. Grønborg; Asger Lunde; Allan Timmermann; Russ Wermers

Politicizing consumer credit, 2021, Pat Akey; Rawley Z. Heimer; Stefan Lewellen

Portfolio similarity and asset liquidation in the insurance industry, 2021, Giulio Girardi; Kathleen W. Hanley; Stanislava Nikolova; Loriana Pelizzon; Mila Getmansky Sherman

Procyclicality of the comovement between dividend growth and consumption growth, 2021, Nancy R. Xu

Psychological barrier and cross-firm return predictability, 2021, Shiyang Huang; Tse-Chun Lin; Hong Xiang

Ransomware activity and blockchain congestion, 2021, Konstantin Sokolov

Rare disaster probability and options pricing, 2021, Robert J. Barro; Gordon Y. Liao

Real effects of share repurchases legalization on corporate behaviors, 2021, Zigan Wang; Qie Ellie Yin; Luping Yu

Reciprocal lending relationships in shadow banking, 2021, Yi Li

Reconstructing the yield curve, 2021, Yan Liu; Jing Cynthia Wu

Regulatory effects on short-term interest rates, 2021, Angelo Ranaldo; Patrick Schaffner; Michalis Vasios

Rejected stock exchange applicants, 2021, Sturla L. Fjesme; Neal E. Galpin; Lyndon Moore

Reputation and investor activism: A structural approach, 2021, Travis L. Johnson; Nathan Swem

Responsible investing: The ESG-efficient frontier, 2021, Shaun Fitzgibbons; Lasse Heje Pedersen; Lukasz Pomorski

Risk management, firm reputation, and the impact of successful cyberattacks on target firms, 2021, Shinichi Kamiya; Jun-Koo Kang; Jungmin Kim; Andreas Milidonis; René M. Stulz

Risk perceptions and politics: Evidence from the COVID-19 pandemic, 2021, John M. Barrios; Yael V. Hochberg

Robust benchmark design, 2021, Darrell Duffie; Piotr Dworczak

Salience theory and stock prices: Empirical evidence, 2021, Mathijs Cosemans; Rik Frehen

Should information be sold separately? Evidence from MiFID II, 2021, Yifeng Guo; Lira Mota

Signaling safety, 2021, Roni Michaely; Stefano Rossi; Michael Weber

Slow-moving capital and execution costs: Evidence from a major trading glitch, 2021, Vincent Bogousslavsky; Pierre Collin-Dufresne; Mehmet Sağlam

Socially responsible corporate customers, 2021, Rui Dai; Hao Liang; Lilian Ng

Spectral factor models, 2021, Federico M. Bandi; Shomesh E. Chaudhuri; Andrew W. Lo; Andrea Tamoni

Spillover effects in empirical corporate finance, 2021, Tobias Berg; Markus Reisinger; Daniel Streitz

Sticking to your plan: The role of present bias for credit card paydown, 2021, Theresa Kuchler; Michaela Pagel

Stock market liberalization and innovation, 2021, Fariborz Moshirian; Xuan Tian; Bohui Zhang; Wenrui Zhang

Subnational debt of China: The politics-finance nexus, 2021, Haoyu Gao; Hong Ru; Dragon Yongjun Tang

Surprise election for Trump connections, 2021, Travers Barclay Child; Nadia Massoud; Mario Schabus; Yifan Zhou

Sustainable investing in equilibrium, 2021, Ľuboš Pástor; Robert F. Stambaugh; Lucian A. Taylor

Systematic risk, debt maturity, and the term structure of credit spreads, 2021, Hui Chen; Yu Xu; Jun Yang

Targeted monetary policy and bank lending behavior, 2021, Matteo Benetton; Davide Fantino

Testing the effectiveness of consumer financial disclosure: Experimental evidence from savings accounts, 2021, Paul Adams; Stefan Hunt; Christopher Palmer; Redis Zaliauskas

The Big Three and corporate carbon emissions around the world, 2021, José Azar; Miguel Duro; Igor Kadach; Gaizka Ormazabal

The Sources of Financing Constraints, 2021, Boris Nikolov; Lukas Schmid; Roberto Steri

The bank as Grim Reaper: Debt composition and bankruptcy thresholds, 2021, Mark Carey; Michael B. Gordy

The benchmark inclusion subsidy, 2021, Anil K Kashyap; Natalia Kovrijnykh; Jian Li; Anna Pavlova

The cross-section of currency volatility premia, 2021, Pasquale Della Corte; Roman Kozhan; Anthony Neuberger

The cross-section of intraday and overnight returns, 2021, Vincent Bogousslavsky

The design and transmission of central bank liquidity provisions, 2021, Luisa Carpinelli; Matteo Crosignani

The difference a day makes: Timely disclosure and trading efficiency in the muni market, 2021, John Chalmers; Yu (Steve) Liu; Z. Jay Wang

The effect of stock liquidity on cash holdings: The repurchase motive, 2021, Kjell G. Nyborg; Zexi Wang

The electronic evolution of corporate bond dealers, 2021, Maureen O'Hara; Xing Alex Zhou

The hidden costs of being public: Evidence from multinational firms operating in an emerging market, 2021, Pablo Slutzky

The high volume return premium and economic fundamentals, 2021, Zijun Wang

The impact of arbitrage on market liquidity, 2021, Dominik Rösch

The impact of consumer credit access on self-employment and entrepreneurship, 2021, Ethan Cohen-Cole; Kyle Herkenhoff; Gordon M. Phillips

The local innovation spillovers of listed firms, 2021, Adrien Matray

The rate of communication, 2021, Shiyang Huang; Byoung-Hyoun Hwang; Dong Lou

The real value of China’s stock market, 2021, Jennifer N. Carpenter; Fangzhou Lu; Robert F. Whitelaw

The role of financial conditions in portfolio choices: The case of insurers, 2021, Shan Ge; Michael S. Weisbach

The role of high-skilled foreign labor in startup performance: Evidence from two natural experiments, 2021, Jun Chen; Shenje Hshieh; Feng Zhang

The short duration premium, 2021, Andrei S. Gonçalves

The telegraph and modern banking development, 1881–1936, 2021, Chen Lin; Chicheng Ma; Yuchen Sun; Yuchen Xu

The term structure of equity risk premia, 2021, Ravi Bansal; Shane Miller; Dongho Song; Amir Yaron

The trading response of individual investors to local bankruptcies, 2021, Christine Laudenbach; Benjamin Loos; Jenny Pirschel; Johannes Wohlfart

Time-varying state variable risk premia in the ICAPM, 2021, Pedro Barroso; Martijn Boons; Paul Karehnke

To ask or not to ask? Bank capital requirements and loan collateralization, 2021, Hans Degryse; Artashes Karapetyan; Sudipto Karmakar

To own or not to own: Stock loans around dividend payments, 2021, Peter N. Dixon; Corbin A. Fox; Eric K. Kelley

Treasury yield implied volatility and real activity, 2021, Martijn Cremers; Matthias Fleckenstein; Priyank Gandhi

Uncertainty, access to debt, and firm precautionary behavior, 2021, Giovanni Favara; Janet Gao; Mariassunta Giannetti

Understanding momentum and reversal, 2021, Bryan T. Kelly; Tobias J. Moskowitz; Seth Pruitt

Unemployment and credit risk, 2021, Hang Bai

Unlocking clients: The importance of relationships in the financial advisory industry, 2021, Umit G. Gurun; Noah Stoffman; Scott E. Yonker

Volatility and the cross-section of returns on FX options, 2021, Jonathan Fullwood; Jessica James; Ian W. Marsh

Volatility, intermediaries, and exchange rates, 2021, Xiang Fang; Yang Liu

Voluntary disclosure with evolving news, 2021, Cyrus Aghamolla; Byeong-Je An

What drove the 2003–2006 house price boom and subsequent collapse? Disentangling competing explanations, 2021, John M. Griffin; Samuel Kruger; Gonzalo Maturana

What is the impact of introducing a parallel OTC market? Theory and evidence from the chinese interbank FX market, 2021, Craig W. Holden; Dong Lu; Volodymyr Lugovskyy; Daniela Puzzello

What to expect when everyone is expecting: Self-fulfilling expectations and asset-pricing puzzles, 2021, Nicolae Gârleanu; Stavros Panageas

What’s wrong with Pittsburgh? Delegated investors and liquidity concentration, 2021, Andra C. Ghent

Who provides liquidity, and when?, 2021, Sida Li; Xin Wang; Mao Ye

Why CEO option compensation can be a bad option for shareholders: Evidence from major customer relationships, 2021, Claire Liu; Ronald W. Masulis; Jared Stanfield

Why are corporate payouts so high in the 2000s?, 2021, Kathleen Kahle; René M. Stulz

Why are firms with more managerial ownership worth less?, 2021, Kornelia Fabisik; Rüdiger Fahlenbrach; René M. Stulz; Jérôme P. Taillard

Why is stock market concentration bad for the economy?, 2021, Kee-Hong Bae; Warren Bailey; Jisok Kang

Windfall gains and stock market participation, 2021, Joseph Briggs; David Cesarini; Erik Lindqvist; Robert Östling

Journal of Finance¶

Journal of Financial Economics¶

Review of Financial Studies¶

Comments