Journal of Finance

1946 - 2025

From American Finance Association
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Volume 49, issue 5, 1994

Contrarian Investment, Extrapolation, and Risk pp. 1541-78

Josef Lakonishok, Andrei Shleifer and Robert Vishny

The Cross-Section of Realized Stock Returns: The Pre-COMPUSTAT Evidence pp. 1579-93

James L Davis

Industry Returns and the Fisher Effect pp. 1595-1615

Jacob Boudoukh, Matthew Richardson and Robert F Whitelaw

Time-Series Variation in Dividend Pricing pp. 1617-38

Kenneth M Eades, Patrick J Hess and E Han Kim

Testing for Linear and Nonlinear Granger Causality in the Stock Price-Volume Relation pp. 1639-64

Craig Hiemstra and Jonathan D Jones

Security Analysis and Trading Patterns When Some Investors Receive Information before Others pp. 1665-98

David Hirshleifer, Avanidhar Subrahmanyam and Sheridan Titman

The Post-Issue Operating Performance of IPO Firms pp. 1699-1726

Bharat A Jain and Omesh Kini

Free Cash Flow, Shareholder Value, and the Undistributed Profits Tax of 1936 and 1937 pp. 1727-54

William Christie and Vikram Nanda

Firm Valuation, Earnings Expectations, and the Exchange-Rate Exposure Effect pp. 1755-85

Eli Bartov and Gordon Bodnar

Corporate Events, Trading Activity, and the Estimation of Systematic Risk: Evidence from Equity Offerings and Share Repurchases pp. 1787-1811

David J Denis and Gregory B Kadlec

Why Do NASDAQ Market Makers Avoid Odd-Eighth Quotes? pp. 1813-40

William Christie and Paul H Schultz

Why Did NASDAQ Market Makers Stop Avoiding Odd-Eighth Quotes? pp. 1841-60

William Christie, Jeffrey Harris and Paul H Schultz

Explorations into Factors Explaining Money Market Returns pp. 1861-82

Peter J Knez, Robert Litterman and Jose Scheinkman

Macroeconomic Seasonality and the January Effect pp. 1883-91

Charles Kramer

An Empirical Study of the Consequences of U.S. Tax Rules for International Acquisitions by U.S. Firms pp. 1893-1904

Manzon, Gil B,, David J Sharp and Nickolaos G Travlos

Poison Put Bonds: An Analysis of Their Economic Role pp. 1905-20

Douglas O Cook and John C Easterwood

Volume 49, issue 4, 1994

Is the Electronic Open Limit Order Book Inevitable? pp. 1127-61

Lawrence R Glosten

A Theory of the Dynamics of Security Returns around Market Closures pp. 1163-1211

Steve L Slezak

Corporate Debt Value, Bond Covenants, and Optimal Capital Structure pp. 1213-52

Hayne Leland

Interactions of Corporate Financing and Investment Decisions: A Dynamic Framework pp. 1253-77

David C Mauer and Alexander J Triantis

Exploiting the Conditional Density in Estimating the Term Structure: An Application to the Cox, Ingersoll, and Ross Model pp. 1279-1304

Neil D Pearson and Tong-Sheng Sun

Volume and Autocovariances in Short-Horizon Individual Security Returns pp. 1305-29

Jennifer S Conrad, Allaudeen Hameed and Cathy Niden

Public Information Arrival pp. 1331-46

Thomas D Berry and Keith M Howe

Tax-Induced Intertemporal Restrictions on Security Returns pp. 1347-71

Peter Bossaerts and Robert M Dammon

Signaling and Takeover Deterrence with Stock Repurchases: Dutch Auctions versus Fixed Price Tender Offers pp. 1373-1402

John C Persons

The Effect of Bankruptcy Protection on Investment: Chapter 11 as a Screening Device pp. 1403-30

Robert M Mooradian

Ratings, Commercial Paper, and Equity Returns pp. 1431-49

Nandkumar Nayar and Michael S Rozeff

The Role of ESOPs in Takeover Contests pp. 1451-70

Susan Chaplinsky and Greg Niehaus

Trading Mechanisms and the Components of the Bid-Ask Spread pp. 1471-88

John Affleck-Graves, Shantaram P Hegde and Robert E Miller

Trading Volume and Transaction Costs in Specialist Markets pp. 1489-1505

Thomas J George, Gautam Kaul and M Nimalendran

Market Microstructure and the Ex-date Return pp. 1507-19

Jennifer S Conrad and Robert Conroy

Volume 49, issue 3, 1994

Implied Binomial Trees pp. 771-818

Mark Rubinstein

Arbitrage Chains pp. 819-49

James Dow and Gary Gorton

A Nonparametric Approach to Pricing and Hedging Derivative Securities via Learning Networks pp. 851-89

James M Hutchinson, Andrew Lo and Tomaso Poggio

Rational Prepayments and the Valuation of Collateralized Mortgage Obligations pp. 891-921

John J McConnell and Manoj Singh

The Impact of Public Information on the Stock Market pp. 923-50

Mark Mitchell and J Harold Mulherin

Trading and Liquidity on the Tokyo Stock Exchange: A Bird's Eye View pp. 951-84

Bruce N Lehmann and David M Modest

Executive Careers and Compensation Surrounding Takeover Bids pp. 985-1014

Anup Agrawal and Ralph A Walkling

Financial Distress and Corporate Performance pp. 1015-40

Tim C Opler and Sheridan Titman

Volume 49, issue 2, 1994

Robust Financial Contracting and the Role of Venture Capitalists pp. 371-402

Anat Admati and Paul Pfleiderer

The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis pp. 403-52

William L Megginson, Robert C Nash and Matthias van Randenborgh

Managers, Owners, and the Pricing of Risky Debt: An Empirical Analysis pp. 453-77

Bagnani, Elizabeth Strock, et al

Mean Reversion of Standard & Poor's 500 Index Basis Changes: Arbitrage-Induced or Statistical Illusion? pp. 479-513

Merton Miller, Jayaram Muthuswamy and Robert E Whaley

Time Variations and Covariations in the Expectation and Volatility of Stock Market Returns pp. 515-41

Robert F Whitelaw

On Stock Market Returns and Returns on Investment pp. 543-56

Fernando Restoy and Michael Rockinger

A Characterization of the Daily and Intraday Behavior of Returns on Options pp. 557-79

Aamir M Sheikh and Ehud I Ronn

The Spinoff and Merger Ex-date Effects pp. 581-609

Anand M Vijh

The Effect of Market Segmentation and Illiquidity on Asset Prices: Evidence from Exchange Listings pp. 611-36

Gregory B Kadlec and John J McConnell

Efficiency Gains in Unsuccessful Management Buyouts pp. 637-54

Eli Ofek

Expected Returns, Time-Varying Risk, and Risk Premia pp. 655-79

Martin Evans

The Rationality and Price Effects of U.S. Department of Agriculture Forecasts of Oranges pp. 681-95

Robert F Baur and Peter Orazem

Relative Significance of Journals, Authors, and Articles Cited in Financial Research pp. 697-712

John C Alexander and Rodney H Mabry

Journal Communication and Influence in Financial Research pp. 713-25

Kenneth A Borokhovich, Robert J Bricker and Betty Simkins

On Cointegration and Exchange Rate Dynamics pp. 727-35

Francis Diebold, Javier Gardeazabal and Kamil Yilmaz

Cointegration, Fractional Cointegration, and Exchange Rate Dynamics pp. 737-45

Richard Baillie and Tim Bollerslev

Volume 49, issue 1, 1994

The Benefits of Lending Relationships: Evidence from Small Business Data pp. 3-37

Mitchell Petersen and Raghuram Rajan

The Effect of a Rating Downgrade on Outstanding Commercial Paper pp. 39-56

Leland Crabbe and Mitchell A Post

Investment Bank Reputation, Information Production, and Financial Intermediation pp. 57-79

Thomas Chemmanur and Paolo Fulghieri

Mortgage Redlining: Race, Risk, and Demand pp. 81-99

Andrew Holmes and Paul Horvitz

On the Cross-sectional Relation between Expected Returns and Betas pp. 101-21

Richard Roll and Stephen Ross

Testing Volatility Restrictions on Intertemporal Marginal Rates of Substitution Implied by Euler Equations and Asset Returns pp. 123-52

Stephen Cecchetti, Pok-sang Lam and Nelson Mark

Market Statistics and Technical Analysis: The Role of Volume pp. 153-81

Lawrence Blume, David Easley and Maureen O'Hara

Volume, Volatility, and New York Stock Exchange Trading Halts pp. 183-214

Charles Lee, Mark Ready and Paul J Seguin

The Value of Wildcard Options pp. 215-36

Jeff Fleming and Robert E Whaley

Circuit Breakers and Market Volatility: A Theoretical Perspective pp. 237-54

Avanidhar Subrahmanyam

Stock Returns Following Large One-Day Declines: Evidence on Short-Term Reversals and Longer-Term Performance pp. 255-67

Don R Cox and David R Peterson

Market Efficiency and the Favorite-Longshot Bias: The Baseball Betting Market pp. 269-79

Linda M Woodland and Bill Woodland

The Effect of Dividend Changes on Stock and Bond Prices pp. 281-89

Upinder S Dhillon and Herb Johnson

Trading Profits in Dutch Auction Self-Tender Offers pp. 291-306

Palani-Rajan Kadapakkam and Sarabjeet Seth

Holiday Trading in Futures Markets pp. 307-24

Frank Fabozzi, Christopher K Ma and James E Briley

The Interaction between Nonexpected Utility and Asymmetric Market Fundamentals pp. 325-43

Mao-Wei Hung

Parameter-Based Decision Making under Estimation Risk: An Application to Futures Trading pp. 345-57

Sergio Lence and Dermot Hayes