JFQA Admin

JFQA Admin

Innovation Under Pressure

Heitor Almeida, Slava Fos, Po-Hsuan Hsu, Mathias Kronlund, and Kevin Tseng ♦ Firms become more efficient at innovation when they face pressure to meet Earnings Per Share (EPS) targets and using stock repurchases. Using a regression-discontinuity framework, we find that incentives…

Attention Constraints and Financial Inclusion

Bo Huang, Jiacui Li, Tse-Chun Lin, Mingzhu Tai, and Zoey Yiyuan Zhou ♦ We show that attention constraints on decision-makers create barriers to financial inclusion. Using administrative data on retail loan-screening processes, we find that attention-constrained loan officers exert less…

2023 Sharpe Award winners!

Hearty congratulations to Joseph Engelberg, R. David McLean, Jeffrey Pontiff, and Matthew C. Ringgenberg,  Do Cross-Sectional Predictors Contain Systematic Information? May 2023, Vol. 58, No. 3, pp. 1172-1201 and Andrew Y. Chen, and Mihail Velikov,  Zeroing In on the Expected Returns…