Forthcoming Papers
This is the editor's page (ivo welch), not the journal's page (managed by Alet Heezemans). The journal editor and typesetter pull the final author version from this webpage, then collaboratively edit the author for English, and finally typeset the CFR version of the article. Any changes in the publisher's process are not reflected back here. Ergo, papers on the NOW Publisher's Site always supersede the ones posted here.
If you have an accepted paper and it is not on this website or on NOW publisher's website, please send an email to ivo welch.
Future Issues (after 14-4)
The following volume/issue ordering is tentative. The within-issue ordering has not been determined. We try to bundle papers with similar topics in order to increase casual reader interest, so this can change the ordering of acceptance time and publication time across papers. You can cite the papers below as CFR, forthcoming, for now.
Asset Pricy: (Mutual) Funds
- Adams, John. Routine Empirical Choices Affect Replicability and Inference: Evidence from Mutual Fund Flows Research, April 6, 2025.
- Loughran, Tim: Do Factors Matter?. Dec 13, 2022.
- Hasler, Mathias, Is the Value Premium Smaller Than We Thought?. Jan 12, 2023.
- Fama-French Response, Comment on Hasler (2022).
- Hendrik Bessembinder and Michael J. Cooper and Feng Zhang. The (Large) Effect of Return Horizon on Fund Alpha, Oct 2023.
- Honkanen, Pekka and Yapei Zhang and Tong Zhou. ETF Dividend Cycles Predict Money Market Fund Flows and Treasury Yield Changes, Dec 8, 2023.
- Smith, Geoffrey Peter. The Big League Effect. April 2024.
- Nicolas P.B. Bollen, Juha Joenväärä, and Mikko Kauppila. Decreasing Returns to Scale has Eroded Hedge Fund Performance Persistence, May 15, 2024.
- Brown, David C. and Scott Cederburg and Mitch Towner. Dominated ETFs, Aug 8, 2024.
Asset Pricy: Other
- Nusret Cakici, Christian Fieberg, Tobias Neumaier, Thorsten Poddig, Adam Zaremba. The Devil in the Details: How Sensitive Are “Pockets of Predictability” to Methodological Choices?, April 16, 2025.
- Chung, Ling Tak Douglas. Simply Better Market Betas around the Globa. Mar 12, 2024.
- Xu, Xia. Improving Volatility-Managed Portfolios in Real Time. Mar 30, 2024.
- Maio, Paulo and Byoung-Kyu Min. Revisiting Lettau and Ludvigson (2001): Does cay Really Matter for Cross-Sectional Risk Premia?. November 2025.
Fit Not Yet Determined
- Cherkes, Martin, and Charles M. Jones and Chester S. Spatt, A Solution to the Palm–3Com Spinoff Puzzles. June 9, 2024.
- Reza, Syed Walid and Alan Douglas, Moral Hazard Models Do Explain the Use of Personal Guarantees. Dec 5, 2024
- Heavilin, Jason E. and Hilmi Songur, Increases in Volatility of Returns After a Stock Split Have Mostly Vanished: A Reappraisal of Ohlson and Penman 1985, Jan 29, 2025.
- Gonzalo-Ramirez, Maria, and John K. Wald. Issuers Reach for Features when Spreads are High as Green and Sustainability-linked Bonds Reduce Borrowing Costs, Aug 2025.
- Karolyi, G. Andrew, Rose C. Liao, and Gilberto Loureiro. Why are Serial Acquirers Different in the US, Sep 2025.
- Tiancheng Lan, Robert B. Durand, Yixuan Rui and John Gould. On the robustness of Obaid and Pukthuanthong’s photo pessimism result, Oct 2025.
14-4
- CFR 14-4: Bai, Hang, and Erica X.N.Li and Chen Xue and Lu Zhang. Firm-Level Irreversibility, 2025.
- CFR 14-4: Grinblatt, Mark, Gergana Jostova, and Alexander Philipov. Analyst Bias and Anomalies, Oct 2023.
- CFR 14-4: Bork, Lasse, Pablo Robira Kaltwasser, Piet Sercu, and Tom Vinaimont. "Exchange Rates do not Predict Commodity Prices.", Sep 2023.
- CFR 14-4: Goldberg, Michael D. and Olesia Kozlova and Deniz Ozabacia and Peter Sullivan. The Instability of the Forward Rate Anomaly: Easy Money was always too good to be true, Oct 2023.
- CFR 14-4: Zantout, Zaher, Kimberly Gleason, and Anand Systla, The Diminishing Scientific Impact of New Research in Finance. Feb 2022.
- CFR 14-4: Ahn, Byung Hyun, Panos N. Patatoukas, and Steven Davidoff Solomon, Universal Demand Laws Did Not Increase Management Entrenchment. Feb 26, 2023. (Supplement)
We try to bunch papers into volumes based on similarity. Thus, it may happen that some papers are published early, while other papers are published late. The idea is that papers have externalities on one another, making them more likely to be of interest when grouped together with other more similar papers.
Whenever possible, the CFR requests that authors choose titles that make the key point of their paper clear even without reading the abstract.