Journal of Financial Research

🎖️ Does Military Service Make CEOs More Ethical? New research in the Journal of Financial Research finds that military CEOs earn significantly lower insider trading profits, trade less around earnings announcements, and exhibit longer investment horizons. doi.org/10.1111/jfir.70080

🏡 Home Sweet Home—or Home Overvalued? Newly published JFR research finds a seller-buyer valuation gap consistent with the endowment effect, with meaningful differences across homeowners’ circumstances. onlinelibrary.wiley.com/doi/…

Can options traders see a crash coming? 📉👀 Newly published JFR research finds that informed options trading is associated with lower future stock price crash risk, potentially revealing how options markets expose hidden bad news before it explodes. onlinelibrary.wiley.com/doi/…

Big ego. Bigger risks? 👑 Can corporate governance keep a narcissistic CEO in check? New JFR research reveals how board diversity and director compensation shape the risks of CEO narcissism. Read, "Taming the Narcissist," HERE: onlinelibrary.wiley.com/doi/…

SFA is just one month away! Join the JFR in Palm Springs November 18-21 at the 66th Annual Southern Finance Association Meeting. Registration and accommodations can be found HERE: southernfinance.org/meeting

🎖️From the battlefield to the boardroom. Newly published JFR research explores how military-experienced executives influence the information available to investors. 📈 Read it now on Early View: doi.org/10.1111/jfir.70075

🏆The JFR is pleased to announce the Editors' Choice Award* for the Fall 2026 issue🍁: “CEO social media activity and insider trading,” by Zhichuan Li (Frank), Claire Y. C. Liang, and Zhenyang Tang. FIND IT HERE: jfresearch.org/editors-choic…

🍂 A new issue is in the air! 🍂 The leaves aren't falling quite yet, but fresh finance research is already landing. 🍁 Explore the latest issue of the JFR : onlinelibrary.wiley.com/toc/…

Activism with a longer view pays off. ⏳📈 New JFR research finds that long-term-oriented hedge fund activists create greater operating improvements and are more successful at driving strategic and governance changes. Full article=> doi.org/10.1111/jfir.70074

Commission-free trading changed more than trading costs. 👀 New JFR research finds that greater retail ownership is associated with increased earnings management and class-action lawsuit risk—especially when analyst scrutiny is low. doi.org/10.1111/jfir.70073

Same politics. Different loan terms. 🤝 New JFR research just published! Read, "Borrower-lender political homophily and loan characteristics," HERE: onlinelibrary.wiley.com/doi/…

📖 The academic year is starting. Your research agenda is growing. And your manuscript shouldn’t spend the semester waiting for a decision. Submit to the JFR today: jfresearch.org/submit/

🏛️When subsidies build empires, not value. New JFR research finds that government subsidies increase firms' likelihood of making acquisitions—but those deals are associated with negative acquirer returns. Read the full article ==> doi.org/10.1111/jfir.70070

✨2025 BEST PAPER AWARD✨ "Academic CEOs and corporate innovation," authored by George J. Jiang, Wenquan Li, Yaohua Li, He Wang. This article also won Editors' Choice Award in the Winter. Congratulations, authors! FIND IT HERE: jfresearch.org/jfr-best-pape…

🐂The anomaly "zoo" just got more interesting🐻 New JFR research finds some return anomalies predict economic activity—but overall, economic fundamentals explain far less than many theories suggest. Read, "Return anomalies and economic fundamentals,": doi.org/10.1111/jfir.70071

🎲Join us for the SWFA Annual Meeting next year in Vegas! 🎰 The call for papers and participation is out NOW: openconf.org/swfa2027/openco…

LOOKING AWAY HAS A COST👀 Newly published JFR research shows when institutional investors are distracted, REITs experience greater information asymmetry, higher crash risk, and higher borrowing costs. Read the full study: doi.org/10.1111/jfir.70065

🔐 What happens when crypto exchanges are breached? New JFR research finds Tether briefly loses its peg—but quickly regains stability. Bitcoin? Largely unaffected. doi.org/10.1111/jfir.70069

Can debt help protect the environment? 🌱🌱 New JFR research shows that environmental compliance depends on both public enforcement and private monitoring through loan contracts. "Debt structure and environmental compliance" is now on Early View: doi.org/10.1111/jfir.70068

More disclosure, less dependence. Mandatory segment reporting reduces firms' reliance on trade credit by improving transparency and reducing perceived default risk. 🔍 doi.org/10.1111/jfir.70067