Journal of Financial and Quantitative Analysis

Construction, Real Uncertainty, and Stock-Level Investment Anomalies

about 1 month ago

We show that the negative relation between real investments and future stock...

Credit Default Swaps and Firm Cyclicality

about 1 month ago

We find firm cyclicality decreases by 40% after the inception of credit...

JFQ volume 60 issue 2 Cover and Front matter

about 1 month ago

Bank Loan Announcement Effects: Evidence from a Comprehensive 8-K Sample

about 1 month ago

We investigate whether bank loan financing from 1994 to 2018 conveys valuable...

Currency Carry, Momentum, and Global Interest Rate Volatility

about 1 month ago

Returns to currency carry and momentum compensate for the risk of global...

Who Pays a Visit to Brussels? Firm Value Effects of Cross-Border Political Access to European Commissioners

about 1 month ago

This study analyzes meetings of firms with policymakers at the European Commission...

How Do Foreign Labor Regulations Affect Firms’ Operating Strategies?

about 1 month ago

We examine how changes in foreign labor regulations affect U.S. multinationals’ operating...

Consumption Growth Persistence and the Stock–Bond Correlation

about 1 month ago

We consider a model in which the correlation between shocks to consumption...

Where Have All the IPOs Gone? Trade Liberalization and the Changing Nature of U.S. Public Corporations

about 1 month ago

I show that a tariff policy change that increased trade with China...

Governance by One-Lot Shares

about 1 month ago

We use a novel experiment in China to examine the effects of...

Strategic CEO Activism in Polarized Markets

about 1 month ago

In this article, we show that statements of U.S. CEOs on contentious...

Mispricing and Risk Premia in Currency Markets

about 1 month ago

Using real-time data, we show that currency excess return predictability is in...