Volume 172, 2025
1. Too Levered for Pigou: Carbon pricing, financial constraints, and leverage regulation
Robin Döttling, Magdalena Rola-Janicka
2. Why do portfolio choice models predict inelastic demand?
Carter Davis, Mahyar Kargar, Jiacui Li
3. Diversification driven demand for large stock
Huaizhi Chen
4. Show me the receipts: B2B payment timeliness and expected returns
Paul Lieberman, Atanas Mihov, Andy Naranjo, Mihail Velikov
5. Equity duration and predictability
Benjamin Golez, Peter Koudijs
6. Price regulation in two-sided markets: Empirical evidence from debit cards
Vladimir Mukharlyamov, Natasha Sarin
7. The trade imbalance network and currency returns
Ai Jun Hou, Lucio Sarno, Xiaoxia Ye
8. The value of financial intermediation: Evidence from online debt crowdfunding
Fabio Braggion, Alberto Manconi, Nicola Pavanini, Haikun Zhu
9. Defunding controversial industries: Can targeted credit rationing choke firms?
Kunal Sachdeva, André F. Silva, Pablo Slutzky, Billy Y. Xu
10. Mergers and acquisitions, technological change, and inequality
Wenting Ma, Paige Ouimet, Elena Simintzi
11. Macroeconomic drivers and the pricing of uncertainty, inflation, and bonds
Brandyn Bok, Thomas M. Mertens, John C. Williams
12. Machine learning from a “Universe” of signals: The role of feature engineering
Bin Li, Alberto G. Rossi, Xuemin (Sterling) Yan, Lingling Zheng
13. Climbing and falling off the ladder: Asset pricing implications of labor market event risk
Lawrence D.W. Schmidt
14. Information-based pricing in specialized lending
Kristian Blickle, Zhiguo He, Jing Huang, Cecilia Parlatore
15. Loan guarantees, bank lending and credit risk reallocation
Carlo Altavilla, Andrew Ellul, Marco Pagano, Andrea Polo, Thomas Vlassopoulos
16. Stakes and investor behaviors
Pengfei Sui, Baolian Wang
17. The retail habitat
Toomas Laarits, Marco Sammon
18. Overvaluing simple bets: Evidence from the options market
Aaron Goodman, Indira Puri
19. The marginal value of public pension wealth: Evidence from border house prices
Darren Aiello, Asaf Bernstein, Mahyar Kargar, Ryan Lewis, Michael Schwert
20. Household debt overhang and human capital investment
Gustavo Manso, Alejandro Rivera, Hui (Grace) Wang, Han Xia
21. Firm uncertainty and households: Spending, savings, and risks
Iván Alfaro, Hoonsuk Park
22. When do short sellers trade? Evidence from intraday data and implications for informed trading models
Danqi Hu, Charles M. Jones, Xiaoyan Zhang, Xinran Zhang
23. Measurement and effects of bank exit policies
Daniel Green, Boris Vallee
24. Responsible investing: Costs and benefits for university endowment funds
George O. Aragon, Yuxiang Jiang, Juha Joenväärä, Cristian Ioan Tiu
25. Social preferences and corporate investment
Thomas Dangl, Michael Halling, Jin Yu, Josef Zechner
26. The financial consequences of undiagnosed memory disorders
Carole Roan Gresenz, Jean M. Mitchell, Belicia Rodriguez, Crystal Wang, … Wilbert van der Klaauw
27. Maximal extractable value and allocative inefficiencies in public blockchains
Agostino Capponi, Ruizhe Jia, Kanye Ye Wang
