Journal of Finance

1946 - 2025

From American Finance Association
Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().

Access Statistics for this journal.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

Volume 46, issue 5, 1991

Efficient Capital Markets: II pp. 1575-617

Eugene Fama

Debt, Agency Costs, and Industry Equilibrium pp. 1619-43

Vojislav Maksimovic and Josef Zechner

Optimal Financial Instruments pp. 1645-63

Jaime F Zender

Stock Prices and the Supply of Information pp. 1665-91

Michael Brennan and Patricia J Hughes

The Effect of Business Risk on Corporate Capital Structure: Theory and Evidence pp. 1693-715

Jayant R Kale, Thomas Noe and Gabriel Ramirez

On the Good News in Equity Carve-Outs pp. 1717-37

Vikram Nanda

Fundamentals and Stock Returns in Japan pp. 1739-64

Louis K C Chan, Yasushi Hamao and Josef Lakonishok

Volatility, Efficiency, and Trading: Evidence from the Japanese Stock Market pp. 1765-89

Yakov Amihud and Haim Mendelson

A Transactions Data Test of Stock Index Futures Market Efficiency and Index Arbitrage Profitability pp. 1791-809

Y Peter Chung

Dynamic Stock Markets with Multiple Assets: An Experimental Analysis pp. 1811-38

John O'Brien and Sanjay Srivastava

Chaos and Nonlinear Dynamics: Application to Financial Markets pp. 1839-77

David A Hsieh

The Pricing of Default-Free Interest Rate Cap, Floor, and Collar Agreements pp. 1879-92

Eric Briys, Michel Crouhy and Rainer Schobel

Path Dependent Options: The Case of Lookback Options pp. 1893-907

Antoine Conze and Viswanathan

New Evidence on the January Effect before Personal Income Taxes pp. 1909-24

Steven L Jones, Winson Lee and Rudolf Apenbrink

The Valuation Effects of Private Placements of Convertible Debt pp. 1925-32

L Paige Fields and Eric L Mais

A Tax-Induced Clientele for Index-Linked Bonds: A Comment pp. 1933-36

Michael S Knoll

Volume 46, issue 4, 1991

A Theory of Workouts and the Effects of Reorganization Law pp. 1189-1222

Robert Gertner and David Scharfstein

The Losses Realized in Bank Failures pp. 1223-42

Christopher James

The Relative Signalling Power of Dutch-Auction and Fixed-Price Self-Tender Offers and Open-Market Share Repurchases pp. 1243-71

Robert Comment and Gregg A Jarrell

S&P 100 Index Option Volatility pp. 1251-61

Campbell Harvey and Robert E Whaley

Convertible Debt: Corporate Call Policy and Voluntary Conversion pp. 1273-89

Paul Asquith and Mullins, David W,

Tax Shields, Sample-Selection Bias, and the Information Content of Conversion-Forcing Bond Calls pp. 1291-1324

Cynthia J Campbell, Louis H Ederington and Prashant Vankudre

Disclosure, Liquidity, and the Cost of Capital pp. 1325-59

Douglas Diamond and Robert E Verrecchia

Insider Trading around Dividend Announcements: Theory and Evidence pp. 1361-89

Kose John and Larry Lang

Capital Structure and the Market for Corporate Control: The Defensive Role of Debt Financing pp. 1391-1409

Ronen Israel

Liquidity, Maturity, and the Yields on U.S. Treasury Securities pp. 1411-25

Yakov Amihud and Haim Mendelson

Seasonality in Stock Price Mean Reversion: Evidence from the U.S. and the U.K pp. 1427-44

Narasimhan Jegadeesh

Stock Markets, Growth, and Tax Policy pp. 1445-65

Ross Levine

Structural and Return Characteristics of Small and Large Firms pp. 1467-84

K C Chan and Nai-Fu Chen

Testing the CAPM with Time-Varying Risks and Returns pp. 1485-1505

Bodurtha, James N, and Nelson Mark

Tests of the CAPM with Time-Varying Covariances: A Multivariate GARCH Approach pp. 1507-21

Lilian Ng

An Investigation of Market Microstructure Impacts on Event Study Returns pp. 1523-36

Ronald C Lease, Ronald Masulis and John R Page

The Intra-industry Effects of Going-Private Transactions pp. 1537-50

Myron B Slovin, Marie E Sushka and Yvette M Bendeck

Volume 46, issue 3, 1991

Stock and Compensation pp. 803-23

Myron Scholes

The Role of Acquisitions in Foreign Direct Investment: Evidence from the U.S. Stock Market pp. 825-44

Robert S Harris and David Ravenscraft

Ex-dividend Day Stock Price Behavior: The Case of the 1986 Tax Reform Act pp. 845-59

Roni Michaely

Negotiated Block Trades and Corporate Control pp. 861-78

Michael J Barclay and Clifford G Holderness

Venture Capitalist Certification in Initial Public Offerings pp. 879-903

William L Megginson and Kathleen A Weiss

Order Form and Information in Securities Markets pp. 905-27

David Easley and Maureen O'Hara

Information Asymmetries and Security Market Design: An Empirical Study of the Secondary Market for U.S. Government Securities pp. 929-53

Steven R Umlauf

Diagnosing Asset Pricing Models Using the Distribution of Asset Returns pp. 955-83

Karl N Snow

The Effect of Volatility Changes on the Level of Stock Prices and Subsequent Expected Returns pp. 985-1007

Robert A Haugen, Eli Talmor and Walter N Torous

The Crash of '87: Was It Expected? The Evidence from Options Markets pp. 1009-44

David S Bates

Option Prices and the Underlying Asset's Return Distribution pp. 1045-69

Bruce D Grundy

Default Premiums in Commodity Markets: Theory and Evidence pp. 1071-93

Warren Bailey and Edward Ng

Volume 46, issue 2, 1991

Foundations of Portfolio Theory pp. 469-77

Harry Markowitz

Leverage pp. 479-88

Merton Miller

Capital Asset Prices with and without Negative Holdings pp. 489-509

William Sharpe

Using Generalized Method of Moments to Test Mean-Variance Efficiency pp. 511-27

A Craig MacKinlay and Matthew P Richardson

Financial Investment Opportunities and the Macroeconomy pp. 529-54

Nai-Fu Chen

The Term Structure as a Predictor of Real Economic Activity pp. 555-76

Arturo Estrella and Gikas Hardouvelis

An Exact Solution to a Dynamic Portfolio Choice Problem under Transactions Costs pp. 577-95

Bernard Dumas and Elisa Luciano

The Default Risk of Swaps pp. 597-620

Ian A Cooper and Antonio S Mello

The Price Elasticity of Demand for Common Stock pp. 621-51

Claudio Loderer, John W Cooney and Leonard D van Drunen

The Mode of Acquisition in Takeovers: Taxes and Asymmetric Information pp. 653-69

David T Brown and Michael D Ryngaert

Corporate Performance, Corporate Takeovers, and Management Turnover pp. 671-87

Kenneth J Martin and John J McConnell

Event Risk: An Analysis of Losses to Bondholders and "Super Poison Put" Bond Covenants pp. 689-706

Leland Crabbe

The Effects of Stock Repurchases on Rival Firms pp. 707-16

Michael G Hertzel

Animal Spirits, Margin Requirements, and Stock Price Volatility pp. 717-31

Paul Kupiec and Steven Sharpe

Inferring Trade Direction from Intraday Data pp. 733-46

Charles Lee and Mark Ready

The Reversal of Large Stock-Price Decreases pp. 747-54

Marc Bremer and Richard J Sweeney

An Examination of Ex-dividend Day Stock Price Movements: The Case of Nontaxable Master Limited Partnership Distributions pp. 755-71

Wayne H Shaw

A Variance-Ratio Test of Random Walks in Foreign Exchange Rates pp. 773-85

Christina Y Liu and Jia He

Volume 46, issue 1, 1991

The Long-run Performance of Initial Public Offerings pp. 3-27

Jay Ritter

The Investment Performance of Low-Grade Bond Funds pp. 29-48

Bradford Cornell and Kevin Green

Returns and Volatility of Low-Grade Bonds: 1977-1989 pp. 49-74

Marshall E Blume, Donald Keim and Sandeep A Patel

Investor Sentiment and the Closed-End Fund Puzzle pp. 75-109

Charles Lee, Andrei Shleifer and Richard Thaler

The World Price of Covariance Risk pp. 111-57

Campbell Harvey

After-Hours Stock Prices and Post-Crash Hangovers pp. 159-78

David Neumark, Peter Tinsley and Suzanne Tosini

Measuring the Information Content of Stock Trades pp. 179-207

Joel Hasbrouck

Production-Based Asset Pricing and the Link between Stock Returns and Economic Fluctuations pp. 209-37

John Cochrane

Are Stock Returns Predictable? A Test Using Markov Chains pp. 239-63

Grant McQueen and Steven Thorley

Partial Revelation of Information in Experimental Asset Markets pp. 265-95

Thomas E Copeland and Daniel Friedman

The Theory of Capital Structure pp. 297-355

Milton Harris and Artur Raviv

Payout Policy and Tax Deferral pp. 357-68

Harry DeAngelo

Evidence on Tax-Motivated Securities Trading Behavior pp. 369-82

S G Badrinath and Wilbur G Lewellen

The Effect of Taxes on the Relative Valuation of Dividends and Capital Gains: Evidence from Dual-Class British Investment Trusts pp. 383-99

James S Ang, David W Blackwell and William L Megginson

Taxes and the Capital Structure of Partnerships, REIT's, and Related Entities pp. 401-07

Jeffrey F Jaffe

Tobin's Q and the Gains from Takeovers pp. 409-19

Henri Servaes

Volatility Increases Subsequent to NYSE and AMEX Stock Splits pp. 421-31

David A Dubofsky

Consistency between Predicted and Actual Bid-Ask Quote-Revisions pp. 433-46

Hasung Jang and P C Venkatesh

Arbitrage Asset Pricing under Exchange Risk pp. 447-55

Shinsuke Ikeda