2023

Journal of Finance

• A Model of Systemic Bank Runs, 2023, Xuewen Liu
• Bayesian Solutions for the Factor Zoo: We Just Ran Two Quadrillion Models, 2023, Svetlana Bryzgalova; Jiantao Huang; Christian Julliard
• Beliefs Aggregation and Return Predictability, 2023, Albert S. Kyle; Anna A. Obizhaeva; Yajun Wang
• Beyond Basis Basics: Liquidity Demand and Deviations from the Law of One Price, 2023, Todd M. Hazelkorn; Tobias J. Moskowitz; Kaushik Vasudevan
• Biased Auctioneers, 2023, Mathieu Aubry; Roman Kräussl; Gustavo Manso; Christophe Spaenjers
• CLO Performance, 2023, Larry Cordell; Michael R. Roberts; Michael Schwert
• Decentralization through Tokenization, 2023, Michael Sockin; Wei Xiong
• Did FinTech Lenders Facilitate PPP Fraud?, 2023, John M. Griffin; Samuel Kruger; Prateek Mahajan
• Discount‐Rate Risk in Private Equity: Evidence from Secondary Market Transactions, 2023, Brian H. Boyer; Taylor D. Nadauld; Keith P. Vorkink; Michael S. Weisbach
• Disruption and Credit Markets, 2023, Bo Becker; Victoria Ivashina
• Do Municipal Bond Dealers Give Their Customers “Fair and Reasonable” Pricing?, 2023, John M. Griffin; Nicholas Hirschey; Samuel Kruger
• Duration‐Driven Returns, 2023, Niels Joachim Gormsen; Eben Lazarus
• Equilibrium Bitcoin Pricing, 2023, Bruno Biais; Christophe Bisière; Matthieu Bouvard; Catherine Casamatta; Albert J. Menkveld
• Firm‐Level Climate Change Exposure, 2023, Laurence Van Lent; Zacharias Sautner; Grigory Vilkov; Ruishen Zhang
• How Risky Are U.S. Corporate Assets?, 2023, Tetiana Davydiuk; Scott Richard; Ivan Shaliastovich; Amir Yaron
• Information Aggregation via Contracting, 2023, Jiasun Li
• Integrating Factor Models, 2023, Doron Avramov; Si Cheng; Lior Metzker; Stefan Voigt
• International Yield Curves and Currency Puzzles, 2023, Mikhail Chernov; Drew Creal
• Less Mainstream Credit, More Payday Borrowing? Evidence from Debt Collection Restrictions, 2023, Julia Fonseca
• Local Experiences, Search, and Spillovers in the Housing Market, 2023, Antonio Gargano; Marco Giacoletti; Elvis Jarnecic
• Macroeconomic News in Asset Pricing and Reality, 2023, Gregory R. Duffee
• Model Comparison with Transaction Costs, 2023, Andrew Detzel; Robert Novy‐Marx; Mihail Velikov
• Model Secrecy and Stress Tests, 2023, Yaron Leitner; Basil Williams
• Monetary Stimulus amidst the Infrastructure Investment Spree: Evidence from China's Loan‐Level Data, 2023, Kaiji Chen; Haoyu Gao; Patrick Higgins; Daniel F. Waggoner; Tao Zha
• Naïve Buying Diversification and Narrow Framing by Individual Investors, 2023, John Gathergood; David Hirshleifer; David Leake; Hiroaki Sakaguchi; Neil Stewart
• Optimal Financial Transaction Taxes, 2023, Eduardo Dávila
• Pockets of Predictability, 2023, Leland E. Farmer; Lawrence Schmidt; Allan Timmermann
• Pricing Currency Risks, 2023, Mikhail Chernov; Magnus Dahlquist; Lars Lochstoer
• Principal Portfolios, 2023, Bryan Kelly; Semyon Malamud; Lasse Heje Pedersen
• Report of the Editor of The Journal of Finance for the Year 2022, 2023, Antoinette Schoar
• Report of the Executive Secretary and Treasurer for the Fiscal Year Ending June 30, 2022, 2023, Jim Schallheim
• Small Business Equity Returns: Empirical Evidence from the Business Credit Card Securitization Market, 2023, Matthias Fleckenstein; Francis A. Longstaff
• The Gender Gap in Housing Returns, 2023, Paul Goldsmith‐Pinkham; Kelly Shue
• The Pollution Premium, 2023, Po‐Hsuan Hsu; Kai Li; Chi‐Yang Tsou
• Visibility Bias in the Transmission of Consumption Beliefs and Undersaving, 2023, Bing Han; David Hirshleifer; Johan Walden
• Who Owns What? A Factor Model for Direct Stockholding, 2023, Vimal Balasubramaniam; John Y. Campbell; Tarun Ramadorai; Benjamin Ranish

Journal of Financial Economics

• Angel investment and first impressions, 2023, Xing Huang; Zoran Ivković; John Xuefeng Jiang; Isabel Yanyan Wang
• Asset holders’ consumption risk and tests of conditional CCAPM, 2023, Redouane Elkamhi; Chanik Jo
• Automation and the displacement of labor by capital: Asset pricing theory and empirical evidence, 2023, Jiří Knesl
• Barking up the wrong tree: Return-chasing in 401(k) plans, 2023, Anh Tran; Pingle Wang
• Can the changes in fundamentals explain the attenuation of anomalies?, 2023, Siu Kai Choy; Craig Lewis; Yongxian Tan
• Collateral quality and intervention traps, 2023, Michael Junho Lee; Daniel Neuhann
• Common ownership and innovation efficiency, 2023, Xuelin Li; Tong Liu; Lucian A. Taylor
• Do firms with specialized M&A staff make better acquisitions?, 2023, Sinan Gokkaya; Xi Liu; René M. Stulz
• Dynamic asset (mis)pricing: Build-up versus resolution anomalies, 2023, Jules H. Van Binsbergen; Martijn Boons; Christian C. Opp; Andrea Tamoni
• Economic uncertainty and investor attention, 2023, Daniel Andrei; Henry Friedman; N. Bugra Ozel
• Empirical evaluation of overspecified asset pricing models, 2023, Elena Manresa; Francisco Peñaranda; Enrique Sentana
• Financial markets and unemployment, 2023, Tommaso Monacelli; Vincenzo Quadrini; Antonella Trigari
• Financing the litigation arms race, 2023, Samuel Antill; Steven R. Grenadier
• Firm-bank linkages and optimal policies after a rare disaster, 2023, Anatoli Segura; Alonso Villacorta
• Flexibility costs of debt: Danish exporters during the cartoon crisis, 2023, Benjamin U. Friedrich; Michał Zator
• From patriarchy to partnership: Gender equality and household finance, 2023, Luigi Guiso; Luana Zaccaria
• Heterogeneous liquidity providers and night-minus-day return predictability, 2023, Zhongjin Lu; Steven Malliaris; Zhongling Qin
• Implicit guarantees and the rise of shadow banking: The case of trust products, 2023, Franklin Allen; Xian Gu; C. Wei Li; Jun “Qj” Qian; Yiming Qian
• Industry asset revaluations around public and private acquisitions, 2023, François Derrien; Laurent Frésard; Victoria Slabik; Philip Valta
• Institutional investors, heterogeneous benchmarks and the comovement of asset prices, 2023, Andrea M. Buffa; Idan Hodor
• Institutional investors, the dollar, and U.S. credit conditions, 2023, Friederike Niepmann; Tim Schmidt-Eisenlohr
• Insurance and portfolio decisions: Two sides of the same coin?, 2023, Olivier Armantier; Jérôme Foncel; Nicolas Treich
• Loan guarantees, bank underwriting policies and financial stability, 2023, Elena Carletti; Agnese Leonello; Robert Marquez
• Loan spreads and credit cycles: The role of lenders’ personal economic experiences, 2023, Daniel Carvalho; Janet Gao; Pengfei Ma
• Market power in wholesale funding: A structural perspective from the triparty repo market, 2023, Amy Wang Huber
• Micro uncertainty and asset prices, 2023, Bernard Herskovic; Thilo Kind; Howard Kung
• Mortgage prepayment, race, and monetary policy, 2023, Kristopher Gerardi; Paul S. Willen; David Hao Zhang
• Mutual fund performance at long horizons, 2023, Hendrik Bessembinder; Michael J. Cooper; Feng Zhang
• Open banking: Credit market competition when borrowers own the data, 2023, Zhiguo He; Jing Huang; Jidong Zhou
• Origins of international factor structures, 2023, Zhengyang Jiang; Robert J. Richmond
• Pirates without borders: The propagation of cyberattacks through firms’ supply chains, 2023, Matteo Crosignani; Marco Macchiavelli; André F. Silva
• Political ideology and international capital allocation, 2023, Elisabeth Kempf; Mancy Luo; Larissa Schäfer; Margarita Tsoutsoura
• Presidential economic approval rating and the cross-section of stock returns, 2023, Zilin Chen; Zhi Da; Dashan Huang; Liyao Wang
• Product market competition with crypto tokens and smart contracts, 2023, Jiri Chod; Evgeny Lyandres
• Reaching for yield and the housing market: Evidence from 18th-century Amsterdam, 2023, Matthijs Korevaar
• Refusing the best price?, 2023, Sida Li; Mao Ye; Miles Zheng
• Set it and forget it? Financing retirement in an age of defaults, 2023, Lucas Goodman; Anita Mukherjee; Shanthi Ramnath
• Small and vulnerable: SME productivity in the great productivity slowdown, 2023, Sophia Chen; Do Lee
• Sovereign risk premia and global macroeconomic conditions, 2023, Sandro C. Andrade; Adelphe Ekponon; Alexandre Jeanneret
• Supporting small firms through recessions and recoveries, 2023, Diana Bonfim; Cláudia Custódio; Clara Raposo
• The Big Three and board gender diversity: The effectiveness of shareholder voice, 2023, Todd A. Gormley; Vishal K. Gupta; David A. Matsa; Sandra C. Mortal; Lukai Yang
• The Modern Mutual Fund Family, 2023, Caitlin D. Dannhauser; Harold D. Spilker
• The colour of finance words, 2023, Diego García; Xiaowen Hu; Maximilian Rohrer
• The distributional effects of student loan forgiveness, 2023, Sylvain Catherine; Constantine Yannelis
• The fundamental-to-market ratio and the value premium decline, 2023, Andrei S. Gonçalves; Gregory Leonard
• The global factor structure of exchange rates, 2023, Sofonias Alemu Korsaye; Fabio Trojani; Andrea Vedolin
• The negativity bias and perceived return distributions: Evidence from a pandemic, 2023, Richard Sias; Laura T. Starks; H.J. Turtle
• Volatility and informativeness, 2023, Eduardo Dávila; Cecilia Parlatore
• What are the events that shake our world? Measuring and hedging global COVOL, 2023, Susana Campos-Martins; Robert F. Engle
• What do outside CEOs really do? Evidence from plant-level data, 2023, John (Jianqiu) Bai; Anahit Mkrtchyan
• What matters in a characteristic?, 2023, Hugues Langlois
• When and how are rule 10b5-1 plans used for insider stock sales?, 2023, Eliezer M. Fich; Robert Parrino; Anh L. Tran
• When can the market identify old news?, 2023, Anastassia Fedyk; James Hodson
• Why is dollar debt Cheaper? Evidence from Peru, 2023, Bryan Gutierrez; Victoria Ivashina; Juliana Salomao

Review of Financial Studies

• Are CLO Collateral and Tranche Ratings Disconnected?, 2023, John M Griffin; Jordan Nickerson
• Climate Risk Disclosure and Institutional Investors, 2023, Emirhan Ilhan; Philipp Krueger; Zacharias Sautner; Laura T Starks
• Counterparty Risk: Implications for Network Linkages and Asset Prices, 2023, Fotis Grigoris; Yunzhi Hu; Ralph Koijen; Gill Segal
• Deposit Insurance and Depositor Behavior: Evidence from Colombia, 2023, Nicola Limodio; Nicolás De Roux
• Disloyal Managers and Shareholders’ Wealth, 2023, Eliezer M Fichle; Jarrad Harford; Anh L Tran
• Do Cash Windfalls Affect Wages? Evidence from R&D Grants to Small Firms, 2023, J David Brown; Sabrina T Howell
• Do Corporations Retain Too Much Cash? Evidence from a Natural Experiment, 2023, Hwanki Brian Kim; Woojin Kim; Mathias Kronlund
• Do Investors Care about Impact?, 2023, Florian Heeb; Julian F Kölbel; Falko Paetzold; Stefan Zeisberger
• Echo Chambers, 2023, J Anthony Cookson; Joseph E Engelberg; Itay Goldstein; William Mullins
• Financial Market Ethics, 2023, David Easley; Itay Goldstein; Maureen O’Hara
• From Market Making to Matchmaking: Does Bank Regulation Harm Market Liquidity?, 2023, Itay Goldstein; Gideon Saar; Jian Sun; Ron Yang; Haoxiang Zhu
• How Fast Do Investors Learn? Asset Management Investors and Bayesian Learning, 2023, Christopher Schwarz; Zheng Sun
• Human Capital Investment after the Storm, 2023, Stephen B Billings; Emily A Gallagher; Lowell R Ricketts
• Illiquidity and Higher Cumulants, 2023, Sergei Glebkin; Semyon Malamud; Alberto Teguia
• Intellectual Property Rights and Debt Financing, 2023, Paula Suh
• Labor Force Demographics and Corporate Innovation, 2023, François Derrien; Ambrus Kecskés; Phuong-Anh Nguyen
• Macroprudential Policy with Liquidity Panics, 2023, Daniel Garcia-Macia; Alonso Villacorta
• Man versus Machine Learning: The Term Structure of Earnings Expectations and Conditional Biases, 2023, Jules H Van Binsbergen; Xiao Han; Alejandro Lopez-Lira
• OTC Intermediaries, 2023, Andrea L Eisfeldt; Bernard Herskovic; Ralph Koijen; Sriram Rajan; Emil Siriwardane
• Persistent Crises and Levered Asset Prices, 2023, Lars-Alexander Kuehn; David Schreindorfer; Florian Schulz
• Precautionary Saving in a Financially Constrained Firm, 2023, Andrew B Abel; Stavros Panageas
• Pricing Implications of Noise, 2023, Christian L Goulding; Shrihari Santosh; Xingtan Zhang
• Product Innovation and Credit Market Disruptions, 2023, João Granja; Sara Moreira
• Rating Agency Fees: Pay to Play in Public Finance?, 2023, Jess Cornaggia; Kimberly J Cornaggia; Ryan Israelsen
• Real Effects of Search Frictions in Consumer Credit Markets, 2023, Bronson Argyle; Taylor Nadauld; Christopher Palmer
• Recommendations with Feedback, 2023, Itay Goldstein; Ganesh Iyer; Gustavo Manso
• Redemption in Kind and Mutual Fund Liquidity Management, 2023, Vikas Agarwal; Honglin Ren; Ke Shen; Haibei Zhao
• Regulatory Limits to Risk Management, 2023, Ishita Sen
• Simultaneous Multilateral Search, 2023, Sergei Glebkin; Itay Goldstein; Ji Shen; Bart Zhou Yueshen
• The Demand for Money, Near-Money, and Treasury Bonds, 2023, Arvind Krishnamurthy; Wenhao Li
• The Dynamics of Disagreement, 2023, Kent Daniel; Alexander Klos; Simon Rottke
• The Effects of Capital Requirements on Good and Bad Risk-Taking, 2023, Itay Goldstein; N Aaron Pancost; Roberto Robatto
• The Impact of Risk Cycles on Business Cycles: A Historical View, 2023, Jon Danielsson; Marcela Valenzuela; Ilknur Zer
• The Missing Homebuyers: Regional Heterogeneity and Credit Contractions, 2023, Pierre Mabille
• The Value of Differing Points of View: Evidence from Financial Analysts’ Geographic Diversity, 2023, William C Gerken; Itay Goldstein; Marcus O Painter
• Trade Credit and the Transmission of Unconventional Monetary Policy, 2023, Manuel Adelino; Miguel A Ferreira; Mariassunta Giannetti; Pedro Pires
• Trendy Business Cycles and Asset Prices, 2023, Jesse Davis; Gill Segal
• Watch What They Do, Not What They Say: Estimating Regulatory Costs from Revealed Preferences, 2023, Adrien Alvero; Sakai Ando; Kairong Xiao
• Why Do Boards Exist? Governance Design in the Absence of Corporate Law, 2023, Mike Burkart; Salvatore Miglietta; Charlotte Ostergaard

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