Journal of Financial Research

1978 - 2025

Current editor(s): Jayant Kale and Gerald Gay

From:
Southern Finance Association
Contact information at EDIRC.
Southwestern Finance Association
Contact information at EDIRC.
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Volume 17, issue 4, 1994

THE DIVIDEND PAYOUTS OF PRIVATE FIRMS: EVIDENCE FROM TAX COURT DECISIONS pp. 449-464

Ramesh K. S. Rao and Susan A. White

TACTICAL ASSET ALLOCATION: CAN IT WORK? pp. 465-479

Joong-soo Nam and Ben Branch

THE VALUATION EFFECTS OF OUT-OF-THE-MONEY CALLS OF CONVERTIBLE SECURITIES pp. 481-493

Alex P. Tang, Palani-Rajan Kadapakkam and Ronald F. Singer

SIMULTANEOUS DEBT AND EQUITY ISSUES AND CAPITAL STRUCTURE TARGETS pp. 495-516

Randall S. Billingsley, David Smith and Robert E. Lamy

AN INVESTIGATION INTO THE CAUSALITY AMONG FIRMS' DIVIDEND, INVESTMENT, AND FINANCING DECISIONS pp. 517-530

Mbodja Mougoue and Tarun K. Mukherjee

THE NONPARALLEL WEEKEND EFFECT IN THE STOCK AND BOND MARKETS pp. 531-538

J. Clay Singleton and John R. Wingender

FOREIGN EXCHANGE MARKET REACTION TO THE U.S.-CANADA FREE TRADE AGREEMENT pp. 539-549

Kedreth Hogan and Jahangir Sultan

IS THE REAL INTEREST RATE REALLY UNSTABLE? pp. 551-559

Seungmook Choi

THE PRICING AND HEDGING OF LIMITED EXERCISE CAPS AND SPREADS pp. 561-584

Don Chance

COMMERCIAL BANK RISK: MARKET, INTEREST RATE, AND FOREIGN EXCHANGE pp. 585-596

Jill L. Wetmore and John R. Brick

Volume 17, issue 3, 1994

VARIANCE, RETURN, AND HIGH-LOW PRICE SPREADS pp. 301-319

Ji-Chai Lin and Michael S. Rozeff

COMPENSATION CONTRACTS OF CHIEF EXECUTIVE OFFICERS: DETERMINANTS OF PAY-PERFORMANCE SENSITIVITY pp. 321-332

Robert L. Lippert and William T. Moore

EXCESS RETURNS OF INDEX REPLACEMENT STOCKS: EVIDENCE OF LIQUIDITY AND SUBSTITUTABILITY pp. 333-346

Robert O. Edmister, A. Steven Graham and Wendy L. Pirie

RISK-RETURN SEASONALITY AND MACROECONOMIC VARIABLES pp. 347-361

Partha Gangopadhyay

USING DIVIDEND POLICY AND MANAGERIAL OWNERSHIP TO REDUCE AGENCY COSTS pp. 363-373

Diane K. Schooley and L. Dwayne Barney

BID-ASK SPREAD COMPONENTS AROUND ANTICIPATED ANNOUNCEMENTS pp. 375-386

Raymond M. Brooks

RATIONAL EXPECTATIONS AND THE DYNAMIC ADJUSTMENT OF SECURITY ANALYSTS' FORECASTS TO NEW INFORMATION pp. 387-401

Lucy Ackert and William C. Hunter

ON COMPUTING BOND RETURNS: THE EVALUATION OF LOW-GRADE DEBT pp. 403-415

Michael J. Alderson and Terry L. Zivney

THE VALUATION EFFECTS OF FREQUENT COMMON STOCK ISSUANCES pp. 417-426

Wm R McDaniel, Jeff Madura and Aigbe Akhigbe

REGULARITIES IN THE VARIATION OF SKEWNESS IN ASSET RETURNS pp. 427-438

Lakshman A. Alles and John L. Kling

STOCK PRICE BEHAVIOR OF PURE CAPITAL STRUCTURE ISSUANCE AND CANCELLATION ANNOUNCEMENTS pp. 439-448

Robert M. Hull

Volume 17, issue 2, 1994

PROBABILITY OF PRICE REVERSAL AND RELATIVE NOISE IN STOCK AND OPTION MARKETS pp. 147-159

Michel Gendron, Nabil Khoury and Pierre Yourougou

AN ANALYSIS OF THE WALL STREET JOURNAL'S COVERAGE OF CORPORATE NEWS AND THE RESEARCH DESIGN OF EVENT STUDIES pp. 161-173

Jot Yau, Michael G. Ferri and Timothy F. Sugrue

THE EFFECT OF THE 1986 TAX REFORM ACT ON EX-DIVIDEND DAY RETURN BEHAVIOR pp. 175-186

Ki C. Han

NONLINEAR DYNAMICS AND THE DISTRIBUTION OF DAILY STOCK INDEX RETURNS pp. 187-203

B Brorsen and Seung-Ryong Yang

THE WEALTH EFFECTS OF ANNOUNCEMENTS OF R&D EXPENDITURE INCREASES pp. 205-216

Zaher Z. Zantout and George P. Tsetsekos

OPEN MARKET STOCK REPURCHASE PROGRAMS AND LIQUIDITY pp. 217-229

James B. Wiggins

A RE-EXAMINATION OF THE EFFECT OF 12B–1 PLANS ON MUTUAL FUND EXPENSE RATIOS pp. 231-240

Robert W. McLeod and D. K. Malhotra

THIN TRADING AND THE ESTIMATION OF BETAS: THE EFFICACY OF ALTERNATIVE TECHNIQUES pp. 241-254

Jan Bartholdy and Allan Riding

INTRADAY CHANGES IN TARGET FIRMS' SHARE PRICE AND BID-ASK QUOTES AROUND TAKEOVER ANNOUNCEMENTS pp. 255-270

Robert Jennings

CAUSALITY TESTS OF THE REAL STOCK RETURN-REAL ACTIVITY HYPOTHESIS pp. 271-288

George W. Gallinger

THE DIFFERENTIAL EFFECTS OF DEREGULATION ON SAVINGS AND LOAN ASSOCIATIONS AND BANKS pp. 289-300

Duane B. Graddy, Reuben Kyle and Thomas H. Strickland

Volume 17, issue 1, 1994

INVESTMENT PERFORMANCE OF INTERNATIONAL MUTUAL FUNDS pp. 1-14

William G. Droms and David A. Walker

CONVERTIBLE DEBT AND INVESTMENT INCENTIVES pp. 15-29

T. Harikumar, P. Kadapakkam and Ronald F. Singer

OVERREACTION AND REVERSE ANTICIPATION: TWO RELATED PUZZLES? pp. 31-43

Youguo Liang and Donald J. Mullineaux

STOCKHOLDER RETURNS AMONG HOMOGENEOUS GROUPS OF MERGERS pp. 45-63

Granville M. Sawyer and Ronald Shrieves

INVESTOR TAX‐TRADING OPPORTUNITIES AND DISCOUNTS ON CLOSED‐END MUTUAL FUNDS pp. 65-75

Chang‐Soo Kim

AN ANALYSIS OF THE UNDERWRITER SELECTION PROCESS FOR INITIAL PUBLIC OFFERINGS pp. 77-90

Glenn A. Wolfe, Elizabeth S. Cooperman and Stephen P. Ferris

CAPITAL STRUCTURE MANAGEMENT AS A MOTIVATION FOR CALLING CONVERTIBLE DEBT pp. 91-104

Douglas R. Emery, Mai E. Iskandar‐Datta and Jong‐Chul Rhim

TIME‐SERIES PROPERTIES OF THE EQUITY RISK PREMIUM pp. 105-116

John M. Clinebell, Douglas R. Kahl and Jerry L. Stevens

THE INFLUENCE OF PREDICTABILITY ON DIFFERENCES IN THE MARKET REACTION TO DEBT AND EQUITY ISSUE ANNOUNCEMENTS pp. 117-131

Mark Bayless

THE CHANGING RISK PROFILE OF U.S.‐BASED MULTINATIONAL CORPORATIONS EXPOSED TO EUROPEAN COMMUNITY MARKETS pp. 133-146

Karen Chambliss, Jeff Madura and Francis W. Wright

Volume 16, issue 4, 1993

A NOTE FROM THE EDITORS pp. ii-ii

Robert Hansen and Arthur J. Keown

DUAL BETAS FROM BULL AND BEAR MARKETS: REVERSAL OF THE SIZE EFFECT pp. 269-283

Ravinder K. Bhardwaj and LeRoy D. Brooks

INTRADAY TRADING PATTERNS IN THE EQUITY OPTIONS MARKETS pp. 285-297

Raj Aggarwal and Edward Gruca

Golden Parachutes: Incentive Aligners, Management Entrenchers, or Takeover Bid Signals? pp. 299-308

Jeffery A. Born, Emery A. Trahan and Hugo J. Faria

THE DEBT MATURITY CHOICE: AN EMPIRICAL INVESTIGATION pp. 309-320

Karlyn Mitchell

THE FINANCING AND INVESTMENT OF A LEVERED FIRM UNDER ASYMMETRIC INFORMATION pp. 321-336

Steven Raymar

MEAN AND VOLATILITY SPILLOVERS ACROSS MAJOR NATIONAL STOCK MARKETS: FURTHER EMPIRICAL EVIDENCE pp. 337-350

Panayiotis Theodossiou and Unro Lee

THE EFFECTS OF OVERPAYMENT AND FORM OF FINANCING ON BIDDER RETURNS IN MERGERS AND TENDER OFFERS pp. 351-365

Hyun Mo Sung

ON IMPROVING THE PERFORMANCE OF THE MARKET MODEL pp. 367-376

Ashok J. Robin

TAX-LOSS SELLING, INSTITUTIONAL INVESTORS, AND THE JANUARY EFFECT: A NOTE pp. 377-384

Stan Eakins and Susan Sewell

Volume 16, issue 3, 1993

FIRM PERFORMANCE AND SECURITY TYPE IN SEASONED OFFERINGS: AN EMPIRICAL EXAMINATION OF ALTERNATIVE SIGNALING MODELS pp. 181-192

Ajay Patel, Douglas R. Emery and Yul W. Lee

INFORMATIONAL VERSUS PRICE-PRESSURE EFFECTS: EVIDENCE FROM SECONDARY OFFERINGS pp. 193-207

Carl D. Hudson, Marlin R. H. Jensen and William N. Pugh

SECURITY RETURN DISTRIBUTIONS AND MARKET STRUCTURE: EVIDENCE FROM THE NYSE/AMEX AND THE NASDAQ MARKETS pp. 209-220

Raj Aggarwal and Reena Aggarwal

UNLISTED TRADING PRIVILEGES, LIQUIDITY, AND STOCK RETURNS pp. 221-236

Walayet A. Khan and H. Kent Baker

TRADE SIZES AND THEORIES OF THE BID-ASK SPREAD pp. 237-249

Paul A. Laux

A TEST OF THE EASTERBROOK HYPOTHESIS REGARDING DIVIDEND PAYMENTS AND AGENCY COSTS pp. 251-260

Jeffery A. Born and James N. Rimbey

A RE-EXAMINATION OF THE PROXY HYPOTHESIS pp. 261-268

Y. Angela Liu, L. Paul Hsueh and Ronnie J. Clayton

Volume 16, issue 2, 1993

VARIANCE BOUND TESTS OF BOND MARKET EFFICIENCY pp. 89-106

Chao-Hsi Huang and Louis H. Ederington

INTRADAY MARKET BEHAVIOR AND THE EXTENT OF FEEDBACK BETWEEN S&P 500 FUTURES PRICES AND THE S&P 500 INDEX pp. 107-121

Ira G. Kawaller, Paul D. Koch and Timothy W. Koch

DID BLACK MONDAY HAVE A PERMANENT EFFECT? pp. 123-138

Robert L. Albert, Timothy R. Smaby and Steve B. Wyatt

CONSIDERING DIVIDEND STABILITY IN THE RELATION BETWEEN DIVIDEND YIELDS AND STOCK RETURNS pp. 139-150

Michael J. Gombola and Feng-Ying Liu

CONSISTENT ESTIMATION OF RESIDUAL VARIANCE IN REGULATORY EVENT STUDIES pp. 151-160

Marcus A. Ingram and Virginia C. Ingram

THE EFFECTS OF THE INSIDER TRADING SANCTIONS ACT OF 1984: THE CASE OF SEASONED EQUITY OFFERINGS pp. 161-170

Thomas H. Eyssell and James P. Reburn

A NOTE ON THE VALUE LINE STOCK HIGHLIGHT EFFECT pp. 171-179

P. R. Chandy, John W. Peavy and William Reichenstein

Volume 16, issue 1, 1993

PREPAYMENT RISK AND THE DURATION OF DEFAULT‐FREE MORTGAGE‐BACKED SECURITIES pp. 1-9

Gary A. Anderson, Joel R. Barber and Chun‐Hao Chang

VALUATION EFFECT OF ISSUING NONSUBORDINATED VERSUS SUBORDINATED DEBT pp. 11-21

Alex P. Tang and Ronald F. Singer

OPTIMAL BOND CALL POLICIES UNDER TRANSACTIONS COSTS pp. 23-37

David C. Mauer

DUTCH AUCTION VERSUS FIXED‐PRICE SELF‐TENDER OFFERS: DO FIRMS OVERPAY IN FIXED‐PRICE OFFERS? pp. 39-48

David R. Peterson and Pamela P. Peterson

INSIDERS, OUTSIDERS, OR TREND CHASERS?: AN INVESTIGATION OF PRE‐TAKEOVER TRANSACTIONS IN THE SHARES OF TARGET FIRMS pp. 49-59

Thomas H. Eyssell and Nasser Arshadi

TWENTY‐FIVE YEARS OF TAX LAW CHANGES AND INVESTOR RESPONSE pp. 61-70

David Lynn Skinner

AN IMPLICIT MEASURE OF THE EFFECTIVE BID‐ASK SPREAD: A NOTE pp. 71-75

Carolyn W. Chang and Jack S. K. Chang

THE COSTS OF EQUITY ISSUES SINCE RULE 415: A CLOSER LOOK pp. 77-88

David J. Denis