Founding Editor

MICHAEL C. JENSEN

Graduate School of Business Administration, Harvard University

Advisory Editors

JOHN Y. CAMPBELL, Harvard University

EUGENE F. FAMA, University of Chicago

KENNETH R. FRENCH, Dartmouth College

RON KANIEL, University of Rochester

ARVIND KRISHNAMURTHY, Stanford University

ULRIKE MALMENDIER, University of California, Berkeley

JONATHAN PARKER, MIT

JEREMY STEIN, Harvard University

LAURA VELDKAMP, Columbia University

JOSEF ZECHNER, Wirtschaftsuniversität Wien.

Associate Editors

MANUEL ADELINO, Duke University

JENNIE BAI, Georgetown University

FEDERICO BANDI, Johns Hopkins University

SNEHAL BANERJEE, University of California, San Diego

FREDERICO BELO, INSEAD

SHAI BERNSTEIN, Harvard University

MIKHAIL CHERNOV, UCLA

RICARDO COLACITO, University of North Carolina, Chapel Hill

J. ANTHONY COOKSON, University of Colorado

ANTHONY DEFUSCO, Northwestern University

IAN DEW-BECKER, Northwestern University

JASON DONALDSON, Washington University, St. Louis

ITAMAR DRECHSLER, University of Pennsylvania

WENXIN DU, University of Chicago

ALEX EDMANS, London Business School

RICHARD EVANS, University of Virginia

MICHAEL EWENS, Caltech

CARY FRYDMAN, University of Southern California

ANDREAS FUSTER, EPFL

NICOLAE GARLEANU, Washington University, St. Louis

ANDRA GHENT, University of North Carolina, Chapel Hill

MARIASSUNTA GIANNETTI, Stockholm School of Economics

XAVIER GIROUD, Columbia University

FRANCISCO GOMES, London Business School

TODD GORMLEY, Washington University, St. Louis

BRETT GREEN, Washington University, St. Louis

TERRY HENDERSHOTT, University of California, Berkeley

BENJAMIN KEYS, University of Pennsylvania

PETER KONDOR, London School of Economics

ARTHUR KORTEWEG, University of Southern California

THERESA KUCHLER, New York University

DONG LOU, London School of Economics

IGOR MAKAROV, London School of Economics

NADYA MALENKO, Boston College

ALBERT J. MENKVELD, VU University Amsterdam

TYLER MUIR, UCLA

JUSTIN MURFIN, Cornell University

GREGORY NINI, Drexel University

STAVROS PANAGEAS, UCLA

ROBERT READY, University of Oregon

JONATHAN REUTER, Boston College

KELLY SHUE, Yale University

ELENA SIMINTZI, University of North Carolina, Chapel Hill

LUCIAN TAYLOR, University of Pennsylvania

ALLAN TIMMERMANN, University of California, San Diego

ADRIEN VERDELHAN, MIT

JAMES VICKERY, Federal Reserve Bank of Philadelphia

YUFENG WU, Ohio State University

YUHAI XUAN, University of California, Irvine

JIANFENG YU, Tsinghua University

LU ZHANG, Ohio State University

ERIC ZWICK, University of Chicago

Editorial Assistant

email: jfinancialeconomics@gmail.com