Journal of Finance

1969 - 2009

Edited by Robert F. Stambaugh

from American Finance Association
Contact information at EDIRC.
Series data maintained by Christopher F. Baum ().

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Volume 64, issue 5, 2009

FELLOW OF THE AMERICAN FINANCE ASSOCIATION FOR 2009 pp. v-vii

Richard H. Thaler

Why Do U.S. Firms Hold So Much More Cash than They Used To? pp. 1985-2021

Thomas W. Bates, Kathleen M. Kahle and René M. Stulz

Media Coverage and the Cross-section of Stock Returns pp. 2023-2052

Lily Fang and Joel Peress

Credit Contagion from Counterparty Risk pp. 2053-2087

Philippe Jorion and Gaiyan Zhang

Frailty Correlated Default pp. 2089-2123

Darrell Duffie, Andreas Eckner, Guillaume Horel and Leandro Saita

Attracting Flows by Attracting Big Clients pp. 2125-2151

Lauren Cohen and Breno Schmidt

The Relation between Price and Performance in the Mutual Fund Industry pp. 2153-2183

Javier Gil-Bazo and Pablo Ruiz-Verdú

Business Networks, Corporate Governance, and Contracting in the Mutual Fund Industry pp. 2185-2220

Camelia M. Kuhnen

Role of Managerial Incentives and Discretion in Hedge Fund Performance pp. 2221-2256

Vikas Agarwal, Naveen D. Daniel and Narayan Y. Naik

Do Hedge Fund Managers Misreport Returns? Evidence from the Pooled Distribution pp. 2257-2288

Nicolas P.B. Bollen and Veronika K. Pool

Driven to Distraction: Extraneous Events and Underreaction to Earnings News pp. 2289-2325

David Hirshleifer, Sonya Seongyeon Lim and Siew Hong Teoh

Getting Out Early: An Analysis of Market Making Activity at the Recommending Analyst's Firm pp. 2327-2359

Jennifer L. Juergens and Laura Lindsey

Making Sense of Cents: An Examination of Firms That Marginally Miss or Beat Analyst Forecasts pp. 2361-2388

Sanjeev Bhojraj, Paul Hribar, Marc Picconi and JOHN McINNIS

Electing Directors pp. 2389-2421

Jie Cai, Jacqueline L. Garner and Ralph A. Walkling

Volume 64, issue 4, 2009

Presidential Address: Sophisticated Investors and Market Efficiency pp. 1517-1548

Jeremy C. Stein

Why Are Buyouts Levered? The Financial Structure of Private Equity Funds pp. 1549-1582

Ulf Axelson, Per Stromberg and Michael Steven Weisbach

Predictive Systems: Living with Imperfect Predictors pp. 1583-1628

Lubos Pastor and Robert F. Stambaugh

Explicit versus Implicit Contracts: Evidence from CEO Employment Agreements pp. 1629-1655

Stuart L. Gillan, Jay C. Hartzell and Robert Parrino

Control Rights and Capital Structure: An Empirical Investigation pp. 1657-1695

Michael R. Roberts and Amir Sufi

Agency Problems at Dual-Class Companies pp. 1697-1727

Ronald W. Masulis, Cong Wang and Fei Xie

The Corporate Propensity to Save pp. 1729-1766

Leigh A. Riddick and Toni M. Whited

Target Behavior and Financing: How Conclusive Is the Evidence? pp. 1767-1796

Xin Chang and Sudipto Dasgupta

Analyzing the Tax Benefits from Employee Stock Options pp. 1797-1825

Ilona Babenko and Yuri Tserlukevich

Financially Constrained Stock Returns pp. 1827-1862

Dmitry Livdan, Horacio Sapriza and Lu Zhang

First-Order Risk Aversion, Heterogeneity, and Asset Market Outcomes pp. 1863-1887

David A. Chapman and Valery Polkovnichenko

Who Gambles in the Stock Market? pp. 1889-1933

Alok Kumar

Rewriting History pp. 1935-1960

Alexander Ljungqvist, Christopher Malloy and Felicia Marston

Report of the Editor of "The Journal of Finance" for the Year 2008 pp. 1961-1974

Campbell Harvey

Volume 64, issue 3, 2009

Do Stock Mergers Create Value for Acquirers? pp. 1061-1097

Pavel G. Savor and Qi Lu

Level Playing Fields in International Financial Regulation pp. 1099-1142

Alan D. Morrison and Lucy White

Bank Loan Supply, Lender Choice, and Corporate Capital Structure pp. 1143-1185

Mark T. Leary

Information Immobility and the Home Bias Puzzle pp. 1187-1215

Stijn Van Nieuwerburgh and Laura Veldkamp

International Taxation and the Direction and Volume of Cross-Border M&As pp. 1217-1249

Harry P. Huizinga and Johannes Voget

Determinants of Vertical Integration: Financial Development and Contracting Costs pp. 1251-1290

Daron Acemoglu, Simon Johnson and Todd Mitton

Eat or Be Eaten: A Theory of Mergers and Firm Size pp. 1291-1344

Gary Gorton, Matthias Kahl and Richard J. Rosen

Oil Futures Prices in a Production Economy with Investment Constraints pp. 1345-1375

Leonid Kogan, Dmitry Livdan and Amir Yaron

The Price of Correlation Risk: Evidence from Equity Options pp. 1377-1406

Joost Driessen, Pascal J. Maenhout and Grigory Vilkov

IPO Underpricing over the Very Long Run pp. 1407-1443

David Chambers and Elroy Dimson

Trading Costs and Returns for U.S. Equities: Estimating Effective Costs from Daily Data pp. 1445-1477

Joel Hasbrouck

Rank-Order Tournaments and Incentive Alignment: The Effect on Firm Performance pp. 1479-1512

Jayant R. Kale, Ebru Reis and Anand Venkateswaran

Volume 64, issue 2, 2009

Sensation Seeking, Overconfidence, and Trading Activity pp. 549-578

Mark Grinblatt and Matti Keloharju

Equilibrium Portfolio Strategies in the Presence of Sentiment Risk and Excess Volatility pp. 579-629

Bernard Dumas, Alexander Kurshev and Raman Uppal

Risk in Dynamic Arbitrage: The Price Effects of Convergence Trading pp. 631-655

Peter Kondor

Catastrophic Risk and Credit Markets pp. 657-707

Mark J. Garmaise and Tobias J. Moskowitz

Investor Inattention and Friday Earnings Announcements pp. 709-749

Stefano Dellavigna and Joshua M. Pollet

What Drives the Disposition Effect? An Analysis of a Long-Standing Preference-Based Explanation pp. 751-784

Nicholas Barberis and Wei Xiong

Work Ethic, Employment Contracts, and Firm Value pp. 785-821

Bruce Ian Carlin and Simon Gervais

Creditor Rights, Enforcement, and Bank Loans pp. 823-860

Kee-Hong Bae and Vidhan K. Goyal

Securitization and the Declining Impact of Bank Finance on Loan Supply: Evidence from Mortgage Originations pp. 861-889

Elena Loutskina and Philip E. Strahan

Financial Constraints, Debt Capacity, and the Cross-section of Stock Returns pp. 891-921

Jaehoon Hahn and Hangyong Lee

Cash Flow, Consumption Risk, and the Cross-section of Stock Returns pp. 923-956

Zhi Da

Real Options, Product Market Competition, and Asset Returns pp. 957-983

Felipe L. Aguerrevere

Hedge Fund Risk Dynamics: Implications for Performance Appraisal pp. 985-1035

Nicolas P.B. Bollen and Robert E. Whaley

Income Risk and Portfolio Choice: An Empirical Study pp. 1037-1055

Xiaohong Angerer and Pok-Sang Lam

Volume 64, issue 1, 2009

High-Water Marks: High Risk Appetites? Convex Compensation, Long Horizons, and Portfolio Choice pp. 1-36

Stavros Panageas and Mark M. Westerfield

It's SHO Time! Short-Sale Price Tests and Market Quality pp. 37-73

Karl B. Diether, Kuan-Hui Lee and Ingrid M. Werner

Should Investors Bet on the Jockey or the Horse? Evidence from the Evolution of Firms from Early Business Plans to Public Companies pp. 75-115

Steven N. Kaplan, Berk A. Sensoy and Per Stromberg

Share Repurchases and Pay-Performance Sensitivity of Employee Compensation Contracts pp. 117-150

Ilona Babenko

Financing Innovation and Growth: Cash Flow, External Equity, and the 1990s R&D Boom pp. 151-185

James R. Brown, Steven Mark Fazzari and Bruce Clayton Petersen

Entrepreneurial Shareholder Activism: Hedge Funds and Other Private Investors pp. 187-229

April Klein and Emanuel Zur

CEO Compensation and Board Structure pp. 231-261

Vidhi Chhaochharia and Yaniv Grinstein

Access to Capital, Capital Structure, and the Funding of the Firm pp. 263-308

Omer Brav

Do Entrenched Managers Pay Their Workers More? pp. 309-339

Henrik Cronqvist, Fredrik Heyman, Mattias Nilsson, Helena Svaleryd and Jonas Vlachos

Labor and Corporate Governance: International Evidence from Restructuring Decisions pp. 341-374

Julian Atanassov and E. Han Kim

Market Sidedness: Insights into Motives for Trade Initiation pp. 375-423

Asani Sarkar and Robert A. Schwartz

Private Benefits of Control, Ownership, and the Cross-listing Decision pp. 425-466

Craig Doidge, G. Andrew Karolyi, Karl V. Lins, Darius P. Miller and René M. Stulz

Are Liquidity and Information Risks Priced in the Treasury Bond Market? pp. 467-503

Haitao Li, Junbo Wang, Chunchi Wu and Yan He

Public Information, IPO Price Formation, and Long-Run Returns: Japanese Evidence pp. 505-546

Kenji Kutsuna, Janet Kiholm Smith and Richard L. Smith