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Journal of Finance

1946 - 2012

from American Finance Association
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Volume 67, issue 2, 2012

Rollover Risk and Credit Risk pp. 391-430 Downloads
Zhiguo He and Wei Xiong
Are Stocks Really Less Volatile in the Long Run? pp. 431-478 Downloads
Lubos Pastor and Robert F. Stambaugh
The Secondary Market for Hedge Funds and the Closed Hedge Fund Premium pp. 479-512 Downloads
Tarun Ramadorai
Hedge Funds and Chapter 11 pp. 513-560 Downloads
Wei Jiang, Kai Li and Wei Wang
Don't Believe the Hype: Local Media Slant, Local Advertising, and Firm Value pp. 561-598 Downloads
Umit G. Gurun and Alexander W. Butler
Selective Publicity and Stock Prices pp. 599-638 Downloads
David H. Solomon
Individual Investor Trading and Return Patterns around Earnings Announcements pp. 639-680 Downloads
Ron Kaniel, Shuming Liu, Gideon Saar and Sheridan Titman
Carry Trades and Global Foreign Exchange Volatility pp. 681-718 Downloads
Lukas Menkhoff, Lucio Sarno, Maik Schmeling and Andreas Schrimpf
A Simple Way to Estimate Bid‐Ask Spreads from Daily High and Low Prices pp. 719-760 Downloads
Shane A. Corwin and Paul Schultz
Share Issuance and Factor Timing pp. 761-798 Downloads
Robin Greenwood and Samuel G. Hanson

Volume 67, issue 1, 2012

The Power of Voice: Managerial Affective States and Future Firm Performance pp. 1-44 Downloads
William J. Mayew and Mohan Venkatachalam
Political Uncertainty and Corporate Investment Cycles pp. 45-84 Downloads
Brandon Julio and Youngsuk Yook
The Credit Ratings Game pp. 85-112 Downloads
Patrick Bolton, Xavier Freixas and Joel Shapiro
Tiebreaker: Certification and Multiple Credit Ratings pp. 113-152 Downloads
Dion Bongaerts, K. J. Martijn Cremers and William N. Goetzmann
External Networking and Internal Firm Governance pp. 153-194 Downloads
Cesare Fracassi and Geoffrey Tate
Information Disclosure and Corporate Governance pp. 195-234 Downloads
Benjamin E. Hermalin and Michael Steven Weisbach
The Value of Investment Banking Relationships: Evidence from the Collapse of Lehman Brothers pp. 235-270 Downloads
Chitru S. Fernando, Anthony D. May and William L. Megginson
When It Pays to Pay Your Investment Banker: New Evidence on the Role of Financial Advisors in M&As pp. 271-312 Downloads
Andrey Golubov, Dimitris Petmezas and Nickolaos G. Travlos
Why Does the Law Matter? Investor Protection and Its Effects on Investment, Finance, and Growth pp. 313-350 Downloads
R. David McLean, Tianyu Zhang and Mengxin Zhao
Family‐Controlled Firms and Informed Trading: Evidence from Short Sales pp. 351-386 Downloads
Ronald C. Anderson, David M. Reeb and Wanli Zhao

Volume 66, issue 6, 2011

Information Disclosure, Cognitive Biases, and Payday Borrowing pp. 1865-1893 Downloads
Marianne Bertrand and Adair Morse
Land and Credit: A Study of the Political Economy of Banking in the United States in the Early 20th Century pp. 1895-1931 Downloads
Raghuram G. Rajan and Rodney Ramcharan
Prices or Knowledge? What Drives Demand for Financial Services in Emerging Markets? pp. 1933-1967 Downloads
Shawn Cole, Thomas Sampson and Bilal Zia
Disasters Implied by Equity Index Options pp. 1969-2012 Downloads
David Backus, Mikhail Chernov and Ian Martin
Regulatory Uncertainty and Market Liquidity: The 2008 Short Sale Ban's Impact on Equity Option Markets pp. 2013-2053 Downloads
Robert Battalio and Paul Schultz
Why Don't U.S. Issuers Demand European Fees for IPOs? pp. 2055-2082 Downloads
Mark Abrahamson, Tim Jenkinson and Howard Jones
Does Poor Performance Damage the Reputation of Financial Intermediaries? Evidence from the Loan Syndication Market pp. 2083-2120 Downloads
Radhakrishnan Gopalan, Vikram Nanda and Vijay Yerramilli
IQ and Stock Market Participation pp. 2121-2164 Downloads
Mark Grinblatt, Matti Keloharju and Juhani Linnainmaa
Tails, Fears, and Risk Premia pp. 2165-2211 Downloads
Tim Bollerslev and Viktor Todorov
Ambiguous Information, Portfolio Inertia, and Excess Volatility pp. 2213-2247 Downloads
Philipp Karl Illeditsch

Volume 66, issue 5, 2011

In Search of Attention pp. 1461-1499 Downloads
Zhi Da, Joseph Engelberg and Pengjie Gao
Free Cash Flow, Issuance Costs, and Stock Prices pp. 1501-1544 Downloads
Jean‐paul Décamps, Thomas Mariotti, Jean Charles Rochet and Stéphane Villeneuve
A Unified Theory of Tobin's q, Corporate Investment, Financing, and Risk Management pp. 1545-1578 Downloads
Patrick Bolton, Hui Chen and Neng Wang
Nonbinding Voting for Shareholder Proposals pp. 1579-1614 Downloads
Doron Levit and Nadya Malenko
The Real and Financial Implications of Corporate Hedging pp. 1615-1647 Downloads
Murillo Campello, Chen Lin, Yue Ma and Hong Zou
Concentrating on Governance pp. 1649-1685 Downloads
Dalida Kadyrzhanova and Matthew Rhodes‐kropf
Overconfidence and Early‐Life Experiences: The Effect of Managerial Traits on Corporate Financial Policies pp. 1687-1733 Downloads
Ulrike Malmendier, Geoffrey Tate and Jon Yan
Overconfidence, Compensation Contracts, and Capital Budgeting pp. 1735-1777 Downloads
Simon Gervais, J. B. Heaton and Terrance Odean
Are Incentive Contracts Rigged by Powerful CEOs? pp. 1779-1821 Downloads
Adair Morse, Vikram Nanda and Amit Seru
Motivating Innovation pp. 1823-1860 Downloads
Gustavo Manso

Volume 66, issue 4, 2011

Presidential Address: Discount Rates pp. 1047-1108
John H. Cochrane
Stressed, Not Frozen: The Federal Funds Market in the Financial Crisis pp. 1109-1139
Gara M. Afonso, Anna Kovner and Antoinette Schoar
Systemic Liquidation Risk and the Diversity–Diversification Trade‐Off pp. 1141-1175
Wolf Wagner
Rollover Risk and Market Freezes pp. 1177-1209
Viral V. Acharya, Douglas Gale and Tanju Yorulmazer
Public Pension Promises: How Big Are They and What Are They Worth? pp. 1211-1249
Robert Novy‐marx and Joshua Rauh
Who Drove and Burst the Tech Bubble? pp. 1251-1290
John M. Griffin, Jeffrey H. Harris, Tao Shu and Selim Topaloglu
Did Structured Credit Fuel the LBO Boom? pp. 1291-1328
Anil Shivdasani and Yihui Wang
Explaining the Magnitude of Liquidity Premia: The Roles of Return Predictability, Wealth Shocks, and State‐Dependent Transaction Costs pp. 1329-1368
Anthony W. Lynch and Sinan Tan
Individual Investors and Volatility pp. 1369-1406
Thierry Foucault, David Alexandre Sraer and David J. Thesmar
Are Options on Index Futures Profitable for Risk‐Averse Investors? Empirical Evidence pp. 1407-1437
George M. Constantinides, Michal Czerwonko, Jens Carsten Jackwerth and Stylianos Perrakis
Report of the Editor of The Journal of Finance for the Year 2010 pp. 1439-1452
Campbell R. Harvey
Report of the Executive Secretary and Treasurer for the Year Ending September 30, 2010 pp. 1455-1455
David H. Pyle

Volume 66, issue 3, 2011

FELLOW OF THE AMERICAN FINANCE ASSOCIATION FOR 2011 pp. iv-v
Milton Harris
The Internal Governance of Firms pp. 689-720
Viral V. Acharya, Stewart C. Myers and Raghuram G. Rajan
Municipal Debt and Marginal Tax Rates: Is There a Tax Premium in Asset Prices? pp. 721-751
Francis A. Longstaff
Watch What I Do, Not What I Say: The Unintended Consequences of the Homeland Investment Act pp. 753-787
Dhammika Dharmapala, C. Fritz Foley and Kristin Forbes
Financial Distress and the Cross‐section of Equity Returns pp. 789-822
Lorenzo Garlappi and Hong Yan
Are All Inside Directors the Same? Evidence from the External Directorship Market pp. 823-872
Ronald Masulis and Shawn Mobbs
Estimation and Evaluation of Conditional Asset Pricing Models pp. 873-909
Stefan Nagel and Kenneth J. Singleton
The Illiquidity of Corporate Bonds pp. 911-946
Jack Bao, Jun Pan and Jiang Wang
Intermediated Investment Management pp. 947-980
Neal M. Stoughton, Youchang Wu and Josef Zechner
Employee Stock Options and Investment pp. 981-1009
Ilona Babenko, Michael Lemmon and Yuri Tserlukevich
Do Individual Investors Have Asymmetric Information Based on Work Experience? pp. 1011-1041
Trond M. Døskeland and Hans K. Hvide

Volume 66, issue 2, 2011

Bankruptcy and the Collateral Channel pp. 337-378
Efraim Benmelech and Nittai K. Bergman
Public Information and Coordination: Evidence from a Credit Registry Expansion pp. 379-412
Andrew Hertzberg, José María Liberti and Daniel Paravisini
Security Issue Timing: What Do Managers Know, and When Do They Know It? pp. 413-443
Dirk Jenter, Katharina Lewellen and Jerold B. Warner
Private Equity and Long‐Run Investment: The Case of Innovation pp. 445-477
Josh Lerner, Morten Sorensen and Per Stromberg
Do Buyouts (Still) Create Value? pp. 479-517
Shourun Guo, Edith S. Hotchkiss and Weihong Song
The Joy of Giving or Assisted Living? Using Strategic Surveys to Separate Public Care Aversion from Bequest Motives pp. 519-561
John Ameriks, Andrew Caplin, Steven Laufer and Stijn Van Nieuwerburgh
Corporate Governance, Product Market Competition, and Equity Prices pp. 563-600
Xavier Giroud and Holger M. Mueller
The Interim Trading Skills of Institutional Investors pp. 601-633
Andy Puckett and Xuemin (sterling) Yan
Institutional Trade Persistence and Long‐Term Equity Returns pp. 635-653
Amil Dasgupta, Andrea Prat and Michela Verardo
Local Dividend Clienteles pp. 655-683
Bo Becker, Zoran Ivković and Scott Weisbenner

Volume 66, issue 1, 2011

Does Algorithmic Trading Improve Liquidity? pp. 1-33 Downloads
Terrence Hendershott, Charles M. Jones and Albert J. Menkveld
When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10‐Ks pp. 35-65 Downloads
Tim Loughran and Bill Mcdonald
The Causal Impact of Media in Financial Markets pp. 67-97 Downloads
Joseph E. Engelberg and Christopher A. Parsons
Leverage, Moral Hazard, and Liquidity pp. 99-138 Downloads
Viral V. Acharya and S. Viswanathan
Stock Market Liquidity and the Business Cycle pp. 139-176 Downloads
Randi Næs, Johannes Atle Skjeltorp and Bernt Arne Ødegaard
Asset Pricing with Garbage pp. 177-201 Downloads
Alexi Savov
Derivative Pricing with Liquidity Risk: Theory and Evidence from the Credit Default Swap Market pp. 203-240 Downloads
Dion Bongaerts, Frank de Jong and Joost Driessen
The Decision to Privatize: Finance and Politics pp. 241-269 Downloads
I. Serdar Dinc and Nandini Gupta
Why Do Mutual Fund Advisory Contracts Change? Performance, Growth, and Spillover Effects pp. 271-306 Downloads
Jerold B. Warner and Joanna Shuang Wu
Style‐Related Comovement: Fundamentals or Labels? pp. 307-332 Downloads
Brian H. Boyer
Page updated 2012-05-22