The Journal of Finance is one of the leading journals in finance and economics. The official publication of The American Finance Association.
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Joined May 2012
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Journal of Finance retweeted
Six years and >3,500 decision letters later (with some more to come in the next months), today is my last day as editor of the Journal of Finance. (1/n)
Forthcoming soon: Doerr @BIS_org, Gissler @federalreserve, @persistdebt @ImperialBiz @UPFBarcelona, @joachim_voth @econ_uzh find that Nazi votes surged more, pogroms & deportations more common, in locations more affected by German bank failures in 1931. doi.org/10.1111/jofi.13166
Forthcoming soon: Goldstein @Wharton and Yang @rotmanschool show that commodity financialization improves price efficiency in early stages, but in later stages it decreases it. The decrease hurts producer profits, but they benefit from better risk sharing. doi.org/10.1111/jofi.13165
Latest editorial statistics at the JF for the past 12 months: Median turnaround in 47 days. 90.8% of all decisions made within less than 100 days. More here: afajof.org/journal-statistic…
Latest editorial statistics at the JF for the past 12 months: Median turnaround in 49 days. 90.8% of all decisions made within less than 100 days. More here: afajof.org/journal-statistic…
Forthcoming soon: Friewald @NHHnor, Nagler @Unibocconi, Wagner @wu_vienna find that equity returns are increasing in short-term, but not long-term leverage. Similar relationships in a model of rollover risk with endogenous leverage and maturity choice doi.org/10.1111/jofi.13162
Forthcoming soon: AFA presidential address by John Graham @DukeFuqua. CFO surveys show that corporate decision rules are conservative, sticky, geared to time the market; internal forecasts are miscalibrated; consistent with models of satisficing or biases. doi.org/10.1111/jofi.13161
Reminder: On July 1, 2022, a new editorial team will come in at the JF. Short thread on the transition policy: (1/4)
afajof.org/2022/06/reminder-…
Resubmissions: For an 18-month transition period, the old editorial team will continue to handle resubmissions of all papers that were initially submitted (first round) before July 1, 2022. ... (3/4)
Forthcoming soon: @hofffl @FEBkuleuven, Inderst @goetheuni, Opp @handels_sse show that compensation deferral requirements robustly enhance risk-management effort only if reqs. are not too stringent and bank managers' outside option is sufficiently high. doi.org/10.1111/jofi.13160
Forthcoming soon: @sc_cath @Wharton, Chaney @sciencespo, @congerhuang @cuhksz, @DSraer @BerkeleyHaas, @dthesmar @MITSloan use a dynamic investment model to quantify the aggregate effects of collateral constraints: they reduce output by 7.1% and TFP by 1.4% doi.org/10.1111/jofi.13158
Forthcoming soon: Wang @Cornerstone_Res, @toniwhited @MichiganRoss, Yufeng Wu @giesbusiness, @kairong_xiao @Columbia_Biz estimate a dynamic banking model with capital and reserve regulation: Bank market power explains much of monetary policy transmission doi.org/10.1111/jofi.13159
Forthcoming soon: Schneider @federalreserve finds that heterogeneity in elasticities of intertemporal substitution is important to explain dynamics of nominal and real yields with a GE model. The nominal term structure is driven primarily by real shocks. doi.org/10.1111/jofi.13139
Forthcoming soon: Chang NTU, Hsiao NTU, Ljungqvist @SHouseofFinance, Tseng NTU use staggered implementation of EDGAR to study asset pricing effects of disagreement. EDGAR inclusion resolves disagreement, leads to stock price correction, reduces crash risk. doi.org/10.1111/jofi.13137
Forthcoming soon: Gyöngyösi @SAFE_Frankfurt, @EmilVerner @MITSloan find that household foreign currency exposure loan during currency crisis in Hungary lead to large, persistent rise in support for populist far right (which campaigned on FC debt relief) doi.org/10.1111/jofi.13138
Forthcoming soon: Bennedsen @INSEAD @uni_copenhagen, Simintzi @kenanflagler, @M_Tsoutsoura @CornellMBA, Wolfenzon @Columbia_Biz find that pay transparency in Denmark reduced gender pay gap, slowed wage growth for males, but left firm profits unaffected. doi.org/10.1111/jofi.13136
Forthcoming soon: @AlexChinco @Baruch_Zicklin @SamHartzmark @abbysussman @ChicagoBooth find that participants in survey experiments respond to mean and volatility of returns consistent with standard models, but not to correlation with consumption growth. doi.org/10.1111/jofi.13135
Latest editorial statistics at the JF for the past 12 months: Median turnaround in 48 days. 91.9% of all decisions made within less than 100 days. More here: afajof.org/journal-statistic…