由美国金融学会主办的学术杂志《金融学杂志》（Journal OfFinance），主要刊载金融理论及投资、货币、银行、保险和金融市场等方面的文章。该刊目前由美国出版商Wiley-Blackwell 代美国金融学会出版。2008年影响因子：4.018，在ISI 同类48 本期刊中排名第1，是金融领域同时也是经济领域被引用最多的期刊之一。

 

自1946年创刊以来，《金融学杂志》发表了众多广受关注的论文，其中一些可谓经久不衰，对金融理论和金融实务产生了重要影响。日前，该刊编辑特意筛选了《金融学杂志》自诞生以来引用次数******的前50篇文章，供诸位读者参阅。

 

Harry Markowitz发表于1952年3月刊的论文《证券组合选择》，后来成了证券组合管理理论的基石；1961年，William Vickrey发表于该杂志的文章，对拍卖做了经典的分析。一年后，William F.Sharpe发表了《资本资产价格：风险条件下的市场均衡理论》一文，与Lintner等人的研究，共同发现了资本资产定价模型；1970年5月，Eugene F. Fama发表了《有效市场：理论与经验研究的评论》，正式提出了有效市场假说；四年后，Robert C. Merton发表了《企业债务的定价》，用期权定价模型解决了企业的定价问题；世纪末，Andrei Shleifer在该刊发表了对公司治理的研究，此文至今仍被大量引用……

 

现在，让我们一起看看那些曾经书写历史的学术论文吧。

 

1) Portfolio Selection

 

Harry Markowitz

 

Volume 7, Issue 1

 

March 1952

 

2) Capital Asset Prices: A Theory Of Market EquilibriumUnder Conditions Of Risk

 

William F. Sharpe

 

Volume 19, Issue 3

 

September 1964

 

3) Efficient Capital Markets: Review Of Theory AndEmpirical Work

 

Eugene F. Fama

 

Volume 25, Issue 2

 

May 1970

 

4) The Cross-Section Of Expected Stock Returns

 

Eugene F. Fama, Kenneth R. French

 

Volume 47, Issue 2

 

June 1992

 

5) Counterspeculation, Auctions, And Competitive SealedTenders

 

William Vickrey

 

Volume 16, Issue 1

 

March 1961

 

6) A Survey Of Corporate Governance

 

Andrei Shleifer, Robert W. Vishny

 

Volume 52, Issue 2

 

June 1997

 

7) Legal Determinants Of External Finance

 

Rafael La Porta, Florencio Lopez-De-Silanes, AndreiShleifer, Robert W. Vishny

 

Volume 52, Issue 3

 

July 1997

 

8) Corporate Ownership Around The World

 

Rafael La Porta, Florencio Lopez-De-Silanes, AndreiShleifer

 

Volume 54, Issue 2

 

April 1999

 

9) On the Pricing Of Corporate Debt: The Risk StructureOf Interest Rates

 

Robert C. Merton

 

Volume 29, Issue 2

 

May 1974

 

10) Financial Ratios, Discriminant Analysis AndPrediction Of Corporate Bankruptcy

 

Edward I. Altman

 

Volume 23, Issue 4

 

September 1968

 

11) The Modern Industrial Revolution, Exit, And TheFailure Of Internal Control-Systems

 

Michael C. Jensen

 

Volume 48, Issue 3

 

July 1993

 

12) On Persistence In Mutual Fund Performance

 

Mark M. Carhart

 

Volume 52, Issue 1

 

March 1997

 

13) On The Relation Between The Expected Value And TheVolatility Of The Nominal Excess Return On Stocks

 

Lawrence R. Glosten, Ravi Jagannathan, David E. Runkle

 

Volume 48, Issue 5

 

December 1993

 

14) Returns To Buying Winners And Selling Losers:Implications For Stock Market Efficiency

 

Narasimhan Jegadeesh, Sheridan Titman

 

Volume 48, Issue 1

 

March 1993

 

15) Informational Asymmetries, Financial Structure, AndFinancial Intermediation

 

Hayne E. Leland, David H. Pyle

 

Volume 32, Issue 2

 

May 1977

 

16) The Pricing Of Options On Assets With StochasticVolatilities

 

John Hull, Alan White

 

Volume 42, Issue 2

 

June 1987

 

17) Efficient Capital Markets: II

 

Eugene F. Fama

 

Volume 46, Issue 5

 

December 1991

 

18) Does The Stock Market Overreact?

 

Werner F. M. De Bondt, Richard Thaler

 

Volume 40, Issue 3

 

July 1985

 

19) Multifactor Explanations Of Asset Pricing Anomalies

 

Eugene F. Fama, Kenneth R. French

 

Volume 51, Issue 1

 

March 1996

 

20) The Capital Structure Puzzle

 

Stewart C. Myers

 

Volume 39, Issue 3

 

July 1984

 

21) The Performance Of Mutual Funds In Period 1945-1964

 

Michael C. Jensen

 

Volume 23, Issue 2

 

May 1968

 

22) Debt And Taxes

 

Merton H. Miller

 

Volume 32, Issue 2

 

May 1977

 

23) What Do We Know About Capital Structure? SomeEvidence From International Data

 

Raghuram G. Rajan, Luigi Zingales

 

Volume 50, Issue 5

 

December 1995

 

24) The Benefits Of Lending Relationships: Evidence FromSmall Business Data

 

Mitchell A. Petersen, Raghuram G. Rajan

 

Volume 49, Issue 1

 

March 1994

 

25) Measuring And Testing The Impact Of News OnVolatility

 

Robert F. Engle, Victor K. Ng

 

Volume 48, Issue 5

 

December 1993

 

26) Investor Psychology And Security Market Under- AndOverreactions

 

Kent Daniel, David Hirshleifer, Avanidhar Subrahmanyam

 

Volume 53, Issue 6

 

December 1998

 

27) Contrarian Investment, Extrapolation, And Risk

 

Josef Lakonishok, Andrei Shleifer, Robert W. Vishny

 

Volume 49, Issue 5

 

December 1994

 

28) A Simple Model Of Capital Market Equilibrium WithIncomplete Information

 

Robert C. Merton

 

Volume 42, Issue 3

 

July 1987

 

29) Insiders And Outsiders: The Choice Between InformedAnd Arms-Length Debt

 

Raghuram G. Rajan

 

Volume 47, Issue 4

 

September 1992

 

30) Why Does Stock Market Volatility Change Over Time?

 

G. William Schwert

 

Volume 44, Issue 5

 

September 1989

 

31) The Determinants Of Capital Structure Choice

 

Sheridan Titman, Roberto Wessels

 

Volume 43, Issue 1

 

March 1988

 

32) Inferring Trade Direction From Intraday Data

 

Charles M.C. Lee, Mark J. Ready

 

Volume 46, Issue 2

 

June 1991

 

33) The New Issues Puzzle

 

Tim Loughran, Jay R. Ritter

 

Volume 50, Issue 1

 

March 1995

 

34) The Limits Of Arbitrage

 

Andrei Shleifer, Robert W. Vishny

 

Volume 52, Issue 1

 

March 1997

 

35) Noise

 

Fischer Black

 

Volume 41, Issue 3

 

July 1986

 

36) Investor Protection And Corporate Valuation

 

Rafael La Porta, Florencio Lopez-De-Silanes, AndreiShleifer, Robert Vishny

 

Volume 57. Issue 3

 

June 2002

 

37) The Theory Of Capital Structure

 

Milton Harris, Artur Raviv

 

Volume 46, Issue 1

 

March 1991

 

38) The Long-Run Performance Of Initial Public Offerings

 

Jay R. Ritter

 

Volume 46, Issue 1

 

March 1991

 

39) Initial Public Offerings And Underwriter Reputation

 

Richard Carter, Steven Manaster

 

Volume 45, Issue 4

 

September 1990

 

40) Dividend Policy Under Asymmetric Information

 

Merton H. Miller, Kevin Rock

 

Volume 40, Issue 4

 

September 1985

 

41) A Simple Implicit Measure Of The Effective Bid-AskSpread In An Efficient Market

 

Richard Roll

 

Volume 39, Issue 4

 

September 1984

 

42) Empirical Performance Of Alternative Option PricingModels

 

Gurdip Bakshi, Charles Cao, Zhiwu Chen

 

Volume 52, Issue 5

 

December 1997

 

43) Compensation And Incentives: Practice vs. Theory

 

George P. Baker, Michael C. Jensen, Kevin J. Murphy

 

Volume 43, Issue 3

 

July 1988

 

44) Are Investors Reluctant To Realize Their Losses?

 

Terrance Odean

 

Volume 53, Issue 5

 

October 1998

 

45) Size And Book-To-Market Factors In Earnings AndReturns

 

Eugene F. Fama, Kenneth R. French

 

Volume 50, Issue 1

 

March 1995

 

46) Security Prices, Risk, And Maximal Gains FromDiversification

 

John Lintner

 

Volume 20, Issue 4

 

December 1965

 

47) An Empirical Comparison Of Alternative Models Of TheShort-Term Interest-Rate

 

K. C. Chan, G. Andrew Karolyi, Francis A. Longstaff,Anthony B. Sanders

 

Volume 47, Issue 3

 

July 1992

 

48) Risk Management Coordinating Corporate Investment AndFinancing Policies

 

Kenneth A. Froot, David S. Scharfstein, Jeremy C. Stein

 

Volume 48, Issue 5

 

December 1993

 

49) Disentangling The Incentive And Entrenchment EffectsOf Large Shareholdings

 

Stijn Claessens, Simeon Djankov, Joseph P. H. Fan, LarryH. P. Lang

 

Volume 57, Issue 6

 

December 2002

 

50) Valuing Corporate Securities: Some Effects Of BondIndenture Provisions

 

Fischer Black, John C. Cox

 

Volume 31, Issue 2

 

May 1976