The Financial Review

1984 - 2025

Current editor(s): Cynthia J. Campbell and Arnold R. Cowan

From Eastern Finance Association
Contact information at EDIRC.
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Volume 46, issue 4, 2011

The Ultimate Irrelevance Proposition in Finance? pp. 485-512

G. Karolyi

Post‐Earnings Announcement Drift: Bounds on Profitability for the Marginal Investor pp. 513-539

Robert H. Battalio and Richard R. Mendenhall

The Federal Reserve and the 2007–2009 Financial Crisis: Treating a Virus with Antibiotics? Evidence from the Commercial Paper Market pp. 541-567

Mark D. Griffiths, Vladimir Kotomin and Drew B. Winters

The Traditional Hedging Model Revisited with a Nonobservable Convenience Yield pp. 569-593

Constantin Mellios and Pierre Six

Timing versus Buy and Hold: A Model for Determining Predictive Accuracy Required for Superior Performance pp. 595-620

Jimmy E. Hilliard and Jitka Hilliard

Board Independence and Mutual Fund Manager Turnover pp. 621-641

Richard Fu and Lei Wedge

Determinants of the Method of Payment in Asset Sell‐Off Transactions pp. 643-670

Kien Cao and Jeff Madura

On the Publicity of Two‐Stage Spin‐Offs and Equity Carve‐Outs pp. 671-701

Salim Chahine and Marc Goergen

Tax Calendar Effects in the Municipal Bond Market: Tax‐Loss Selling and Cherry Picking by Investors and Market Timing by Fund Managers pp. 703-721

Haiwei Chen, Jim Estes and Thanh Ngo

How Does Investor Sentiment Affect Stock Market Crises? Evidence from Panel Data pp. 723-747

Mohamed Zouaoui, Geneviève Nouyrigat and Francisca Beer

Volume 46, issue 3, 2011

The Determinants of Execution Costs in Short‐Term Money Markets pp. 337-355

Alex Frino, Jennifer Kruk and Andrew Lepone

Credit Spread Changes and Equity Volatility: Evidence from Daily Data pp. 357-383

Ann Marie Hibbert, Ivelina Pavlova, Joel Barber and Krishnan Dandapani

It Takes Two: The Incidence and Effectiveness of Co‐CEOs pp. 385-412

Matteo P. Arena, Stephen P. Ferris and Emre Unlu

A Reduced‐Form Model for Warrant Valuation pp. 413-425

Robert Jarrow and Siegfried Trautmann

Experimental Evidence on Portfolio Size and Diversification: Human Biases in Naïve Security Selection and Portfolio Construction pp. 427-457

Don Chance, Andrei Shynkevich and Tung‐Hsiao Yang

IPO Trading without Market Makers or Underwriter Price Support pp. 459-483

Daniel Bradley, Mingsheng Li and Jing Shi

Volume 46, issue 2, 2011

Using CFO Surveys as a Motivational Tool to Teach Corporate Finance pp. 193-205

John R. Graham

The Impact of the Corporate Control Market on IPO Decisions pp. 207-232

Thomas J. Boulton

R^2: Does it Matter for Firm Valuation? pp. 233-250

John Stowe and Xuejing Xing

Dividend Payouts and Corporate Governance Quality: An Empirical Investigation pp. 251-279

Pornsit Jiraporn, Jang‐Chul Kim and Young Kim

Managerial Incentives, Fraud, and Monitoring pp. 281-311

H. David Robison and Rudy Santore

An Exploratory Analysis of Factors Influencing Initial Market Response and Media Reports following Shock Corporate Events pp. 313-336

Les Coleman

Volume 46, issue 1, 2011

Regulatory Uncertainty and Financial Contagion: Evidence from the Hybrid Capital Securities Market pp. 1-42

John D. Finnerty, Jeffrey Turner, Jack Chen and Rachael W. Park

Why is Convertible Debt Subordinated? An Investment‐Based Agency Theory pp. 43-65

Assaf Eisdorfer

Can Commercialization Improve the Performance of Stock Exchanges Even without Corporatization? pp. 67-87

Erin Oldford and Isaac Otchere

Quote Competitiveness, 100‐share Quotes, and Decimalization pp. 89-101

Ning Tang, Andriy Shkilko and Gregory Stone

How Does National Culture Impact Internalization Benefits in Cross‐Border Mergers and Acquisitions? pp. 103-125

Tanja Steigner and Ninon K. Sutton

Liquidity Changes around Seasoned Equity Issuance: Public Offerings versus Private Placements pp. 127-149

Hong Qian

Are Chinese Stock Market Cycles Duration Independent? pp. 151-164

Haiqiang Chen, Terence Tai Leung Chong and Zimu Li

Oil Risk Exposure: The Case of the U.S. Oil and Gas Sector pp. 165-191

Sunil K. Mohanty and Mohan Nandha

Volume 45, issue 4, 2010

Bank Risk Taking at the Onset of the Current Banking Crisis pp. 891-913

Rich Fortin, Gerson M. Goldberg and Greg Roth

Procyclicality, Bank Lending, and the Macroeconomic Implications of a Revised Basel Accord pp. 915-930

Kevin T. Jacques

The Effect of Labor Market Demand on U.S. CEO Pay Since 1980 pp. 931-950

Gregory L. Nagel

The Impact on Interest Rates of Unemployment Announcements and Their Revisions pp. 951-971

James E. Gunderson and Frederic P. Sterbenz

Exchange‐Traded Fund Introductions and Closed‐End Fund Discounts and Volume pp. 973-994

Scott W. Barnhart and Stuart Rosenstein

Oil and the Stock Market: An Industry Level Analysis pp. 995-1010

Sridhar Gogineni

Estimating Volatility Persistence in Oil Prices Under Structural Breaks pp. 1011-1023

Bradley Ewing and Farooq Malik

Empirical Evidence of the Existence of Investable Premiums in Emerging Market Investable Stocks pp. 1025-1051

Eric C. Girard

Idiosyncratic Risk in Emerging Markets pp. 1053-1078

Timotheos Angelidis

Volatility Risk Premium, Risk Aversion, and the Cross‐Section of Stock Returns pp. 1079-1100

Peter Nyberg and Anders Wilhelmsson

Using Four‐Moment Tail Risk to Examine Financial and Commodity Instrument Diversification pp. 1101-1123

Leyuan You and Robert T. Daigler

Volume 45, issue 3, 2010

Anonymity, Stealth Trading, and the Information Content of Broker Identity pp. 501-522

Alex Frino, David Johnstone and Hui Zheng

Preferenced Trading, Quote Competition, and Market Quality: Evidence from Decimalization on the NYSE pp. 523-540

Wei Huang, S. Ghon Rhee and Ning Tang

Risk Changes around Calls of Convertible Bonds pp. 541-556

Luis García‐Feijóo, Scott Beyer and Robert R. Johnson

Syndication in Venture Capital Financing pp. 557-578

Daniel N. Deli and Mukunthan Santhanakrishnan

Bond Market Access, Credit Quality, and Capital Structure: Canadian Evidence pp. 579-602

Usha R. Mittoo and Zhou Zhang

Debt Maturity, Credit Risk, and Information Asymmetry: The Case of Municipal Bonds pp. 603-626

Kenneth Daniels, Demissew Diro Ejara and Jayaraman Vijayakumar

Industry Structure and Corporate Debt Maturity pp. 627-657

Otgontsetseg Erhemjamts, Kartik Raman and Husayn Shahrur

Earnings Management Surrounding New Debt Issues pp. 659-681

Yixin Liu, Yixi Ning and Wallace N. Davidson

Information Transfer Effects of Bond Rating Downgrades pp. 683-706

Philippe Jorion and Gaiyan Zhang

Treasury Bond Volatility and Uncertainty about Monetary Policy pp. 707-728

Ivo Arnold and Evert B. Vrugt

SEO Cycles pp. 729-741

John S. Howe and Shaorong Zhang

Partial Price Adjustments and Equity Carve‐Outs pp. 743-759

Thomas H. Thompson

Price Movers on the Stock Exchange of Thailand: Evidence from a Fully Automated Order‐Driven Market pp. 761-783

Charlie Charoenwong, David Ding and Nattawut Jenwittayaroje

Prior Payment Status and the Likelihood to Pay Dividends: International Evidence pp. 785-802

Mia Twu

Corporate Hedging Policy and Equity Mispricing pp. 803-824

J. Barry Lin, Christos Pantzalis and Jung Chul Park

Restructuring Using Operating Asset Exchanges: Issues and Evidence pp. 825-843

Kaysia Campbell and James E. Owers

What are the Capital Structure Determinants for Tax‐Exempt Organizations? pp. 845-872

Geoffrey Peter Smith

Political Risk and Purchases of Privatized State‐Owned Enterprises pp. 873-889

Mina C. Glambosky, Kimberly C. Gleason and Jeff Madura

Volume 45, issue 2, 2010

Is Gold a Hedge or a Safe Haven? An Analysis of Stocks, Bonds and Gold pp. 217-229

Dirk Baur and Brian Lucey

50+ Years of Diversification Announcements pp. 231-262

Mehmet E. Akbulut and John Matsusaka

Terrorism and Stock Market Sentiment pp. 263-275

Jussi Nikkinen and Sami Vähämaa

On Model Testing in Financial Economics pp. 277-285

Robert Jarrow

Investment Irreversibility, Cash Flow Risk, and Value‐Growth Stock Return Effects pp. 287-305

Wikrom Prombutr, Larry Lockwood and J. David Diltz

Does Inclusion in a Smaller S&P Index Create Value? pp. 307-330

John R. Becker‐Blease and Donna L. Paul

The Efficacy of Regulation Fair Disclosure pp. 331-354

Praveen Sinha and Christopher Gadarowski

Yes, The Value Line Enigma Is Still Alive: Evidence from Online Timeliness Rank Changes pp. 355-373

Ying Zhang, Giao X. Nguyen and Steven V. Le

Stock Splits and Bond Yields: Isolating the Signaling Hypothesis pp. 375-386

David Michayluk and Ruoyun (Lucy) Zhao

Does the Quality of Financial Advice Affect Prices? pp. 387-414

Arthur Allen and Donna Dudney

The Moving Average Ratio and Momentum pp. 415-447

Seung‐Chan Park

Arbitrage and the Evaluation of Linear Factor Models in UK Stock Returns pp. 449-468

Jonathan Fletcher

Short‐Horizon Return Predictability in International Equity Markets pp. 469-484

Abul Shamsuddin and Jae Kim

Asset Pricing and Welfare Analysis with Bounded Rational Investors pp. 485-499

Lei Lu

Volume 45, issue 1, 2010

CEO Pay‐For‐Performance Heterogeneity Using Quantile Regression pp. 1-19

Kevin Hallock, Regina Madalozzo and Clayton G. Reck

Signaling, Free Cash Flow and “Nonmonotonic” Dividends pp. 21-56

Kathleen Fuller and Benjamin Blau

Dividends versus Share Repurchases Evidence from Canada: 1985–2003 pp. 57-81

Maher Kooli and Jean‐François L'Her

The Ex‐dividend Day: Action On and Off the Danish Exchange pp. 83-103

Umid Akhmedov and Keith Jakob

Debt Issuance in the Face of Tax Loss Carryforwards pp. 105-127

Anne‐Marie Anderson and Nandu Nayar

Investors' Use of Historical Forecast Bias to Adjust Current Expectations pp. 129-152

Seung‐Woog (Austin) Kwag and Ronald Shrieves

Changes in the Information Efficiency of Stock Prices: Additional Evidence pp. 153-165

Richard A. DeFusco, Suchi Mishra and K. Raghunandan

Predictability in Consumption Growth and Equity Returns: A Bayesian Investigation pp. 167-203

Alex Paseka and George Theocharides

A Note on Affordability and the Optimal Share Price pp. 205-216

William T. Chittenden, Janet D. Payne and J. Holland Toles