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JournalISSN: 0304-405X

Journal of Financial Economics 

Elsevier BV
About: Journal of Financial Economics is an academic journal published by Elsevier BV. The journal publishes majorly in the area(s): Market liquidity & Capital asset pricing model. It has an ISSN identifier of 0304-405X. Over the lifetime, 3363 publications have been published receiving 1068436 citations.


Papers
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Journal ArticleDOI
TL;DR: In this article, the authors draw on recent progress in the theory of property rights, agency, and finance to develop a theory of ownership structure for the firm, which casts new light on and has implications for a variety of issues in the professional and popular literature.

49,666 citations

Journal ArticleDOI
TL;DR: In this article, the authors identify five common risk factors in the returns on stocks and bonds, including three stock-market factors: an overall market factor and factors related to firm size and book-to-market equity.

24,874 citations

Journal ArticleDOI
TL;DR: In this paper, a firm that must issue common stock to raise cash to undertake a valuable investment opportunity is considered, and an equilibrium model of the issue-invest decision is developed under these assumptions.

13,939 citations

Journal ArticleDOI
TL;DR: In this article, the authors predict that corporate borrowing is inversely related to the proportion of market value accounted for by real options and rationalize other aspects of corporate borrowing behavior, such as the practice of matching maturities of assets and debt liabilities.

12,521 citations

Journal ArticleDOI
TL;DR: This article investigated the relationship between management ownership and market valuation of the firm, as measured by Tobin's Q. In a 1980 cross-section of 371 Fortune 500 firms, they found evidence of a significant nonmonotonic relationship.

7,523 citations

Performance
Metrics
No. of papers from the Journal in previous years
YearPapers
202369
2022236
2021297
2020150
2019137
201899