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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-statis…

Forthcoming soon: Alex Chinco Baruch Zicklin Samuel Hartzmark @abbysussman Chicago Booth 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.1…

Forthcoming soon: Bennedsen INSEAD University of Copenhagen, Simintzi UNC Kenan-Flagler, Margarita Tsoutsoura Cornell Johnson, Wolfenzon Columbia Business School 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.1…

Forthcoming soon: Gyöngyösi Leibniz Institute for Financial Research SAFE, Emil Verner MIT Sloan School of Management 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.1…

Forthcoming soon: Chang NTU, Hsiao NTU, Ljungqvist Swedish House of Finance, 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.1…

Forthcoming soon: Schneider Federal Reserve 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.1…

Forthcoming soon: Wang Cornerstone Research, Toni Whited 😷 Ross School of Business, Yufeng Wu Gies Business, Kairong Xiao Columbia Business School estimate a dynamic banking model with capital and reserve regulation: Bank market power explains much of monetary policy transmission doi.org/10.1111/jofi.1…

Forthcoming soon: Sylvain Catherine The Wharton School, Chaney Sciences Po, Huang Zongbo The Chinese University of Hong Kong, Shenzhen, @DSraer Haas School of Business, David Thesmar MIT Sloan School of Management 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.1…

Forthcoming soon: @hofffl @FEBkuleuven, Inderst Goethe-Universität, Opp Stockholm School of Economics 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.1…

Forthcoming soon: AFA presidential address by John Graham Duke Fuqua. 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.1…

Forthcoming soon: Friewald NHH Norwegian School of Economics, Nagler Università Bocconi, 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.1…

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-statis…

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-statis…

Forthcoming soon: Goldstein The Wharton School and Yang Rotman School 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.1…

Forthcoming soon: Doerr Bank for International Settlements, Gissler Federal Reserve, Persistdebt (José-Luis Peydró) Imperial Business School UPF Barcelona, Joachim Voth Economics at Zurich 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.1…

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)