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 15, issue 4, 1992

DIVISION MANAGEMENT BUYOUTS OF UNRELATED DIVISIONS WITHOUT A SALES PRICE REPORTED pp. 297-305

Rodney L. Roenfeldt, Neil W. Sicherman and Jack W. Trifts

QUALITY DISPERSION AND THE FEASIBILITY OF DIVIDENDS AS SIGNALS pp. 307-315

Ricardo J. Rodriguez

EFFECTS OF AGENCY AND TRANSACTION COSTS ON DIVIDEND PAYOUT RATIOS: FURTHER EVIDENCE OF THE AGENCY-TRANSACTION COST HYPOTHESIS pp. 317-321

Stephen J. Dempsey and Gene Laber

EQUITY ISSUES AND TOBIN'S Q: NEW EVIDENCE REGARDING ALTERNATIVE INFORMATION RELEASE HYPOTHESES pp. 323-339

Peter A. Brous and Omesh Kini

UNDERWRITER REPUTATION AND REPETITIVE PUBLIC OFFERINGS pp. 341-354

Richard B. Carter

HEDGING INTEREST RATE RISK UNDER TERM STRUCTURE EFFECTS: AN APPLICATION TO FINANCIAL INSTITUTIONS pp. 355-368

Jimmy E. Hilliard and Susan D. Jordan

FILTER RULE TESTS OF THE ECONOMIC SIGNIFICANCE OF SERIAL DEPENDENCIES IN DAILY STOCK RETURNS pp. 369-387

Charles Corrado and Suk-Hun Lee

Volume 15, issue 3, 1992

A FURTHER UNDERSTANDING OF STOCK DISTRIBUTIONS: THE CASE OF REVERSE STOCK SPLITS pp. 189-205

David R. Peterson and Pamela P. Peterson

STOCK PRICE REACTIONS TO DIVIDEND AND EARNINGS ANNOUNCEMENTS: CONTEMPORANEOUS VERSUS NONCONTEMPORANEOUS ANNOUNCEMENTS pp. 207-217

Albert Eddy and Bruce Seifert

AN EMPIRICAL TEST OF THE TIMING OF BOND-REFUNDING DECISIONS pp. 219-230

Janet S. Thatcher and John G. Thatcher

PRICING NIKKEI PUT WARRANTS: SOME EMPIRICAL EVIDENCE pp. 231-251

K. C. Chen, R. Stephen Sears and Manuchehr Shahrokhi

THE ANALYTICS OF RELATIVE HOLDING-PERIOD RISKS FOR BONDS pp. 253-263

Duane Stock

INTRADAY VARIATIONS IN TRADING ACTIVITY, PRICE VARIABILITY, AND THE BID-ASK SPREAD pp. 265-276

Pei-Hwang Wei

MARKET MODEL CORRECTED FOR GENERALIZED AUTOREGRESSIVE CONDITIONAL HETEROSCEDASTICITY AND THE SMALL FIRM EFFECT pp. 277-283

Asim K. Ghosh

THE TERM STRUCTURE OF INTEREST RATES AS A COINTEGRATED SYSTEM: EMPIRICAL EVIDENCE FROM THE EUROCURRENCY MARKET pp. 285-296

Mbodja Mougoue

Volume 15, issue 2, 1992

THE LINKS BETWEEN TRADING TIME AND MARKET VOLATILITY pp. 91-100

Joel F. Houston and Michael D. Ryngaert

STOCK PRICE AND DEGREE OF NEGLECT AS DETERMINANTS OF STOCK RETURNS pp. 101-112

Ravinder K. Bhardwaj and LeRoy D. Brooks

EMPIRICAL EVIDENCE ON THE IMPACT OF THE BID-ASK SPREAD ON THE CHARACTERISTICS OF CRSP DAILY RETURNS pp. 113-125

P. C. Venkatesh

EARLY EXERCISE OF AMERICAN INDEX OPTIONS pp. 127-137

Dan W. French and Edwin Maberly

A RE-EXAMINATION OF THE RELATIONSHIP BETWEEN CLOSED-END FUND DISCOUNTS AND EXPENSES pp. 139-147

Raman Kumar and Gregory M. Noronha

LEVERAGING THE UNDERINVESTMENT PROBLEM: HOW HIGH DEBT AND MANAGEMENT SHAREHOLDINGS SOLVE THE AGENCY COSTS OF FREE CASH FLOW pp. 149-166

Gerald T. Garvey

PRODUCTION TECHNOLOGY, NONDEBT TAX SHIELDS, AND FINANCIAL LEVERAGE pp. 167-180

Timothy Manuel and Eugene Pilotte

THE IMPACT OF THE INSIDER TRADING SCANDAL ON THE INFORMATION CONTENT OF THE WALL STREET JOURNAL'S “HEARD ON THE STREET” COLUMN pp. 181-188

Pu Liu, Stanley D. Smith and Azmat A. Syed

Volume 15, issue 1, 1992

DIVIDEND POLICY AND THE BID‐ASK SPREAD: AN EMPIRICAL ANALYSIS pp. 1-10

John S. Howe and Ji‐Chai Lin

A TEST OF A RISK‐ADJUSTED DIVIDEND CAPITALIZATION MODEL: THE CASE OF LIQUIDATING FIRMS pp. 11-26

Terrance R. Skantz and Roberto Marchesini

THE INTRADAY INTERDEPENDENCE STRUCTURE BETWEEN U.S. AND JAPANESE EQUITY MARKETS pp. 27-37

Kent G. Becker, Joseph E. Finnerty and Alan L. Tucker

ADVERSE SELECTION, SPREAD BEHAVIOR, AND OVER‐THE‐COUNTER SEASONED EQUITY OFFERINGS pp. 39-56

Niranjan Tripathy and Ramesh Rao

ANTITAKEOVER CHARTER AMENDMENTS: EFFECTS ON CORPORATE DECISIONS pp. 57-67

William N. Pugh, Daniel E. Page and John S. Jahera

THE WEEKEND EFFECT AND CORPORATE DIVIDEND ANNOUNCEMENTS pp. 69-76

John D. Schatzberg and Prabir Datta

ALL‐EQUITY FIRMS AND THE BALANCING THEORY OF CAPITAL STRUCTURE pp. 77-90

John C. Gardner and Charles Trzcinka

Volume 14, issue 4, 1991

BOND REFUNDING IN EFFICIENT MARKETS: A DYNAMIC ANALYSIS WITH TAX EFFECTS pp. 287-302

Raymond C. Chiang and M. P. Narayanan

HOURLY RETURNS, VOLUME, TRADE SIZE, AND NUMBER OF TRADES pp. 303-315

Thomas McInish and Robert A. Wood

DEALER BID-ASK SPREADS AND OPTIONS TRADING ON OVER-THE-COUNTER STOCKS pp. 317-325

Ramesh Rao, Niranjan Tripathy and William P. Dukes

FORECASTING THE TREASURY BILL RATE: A TIME-VARYING COEFFICIENT APPROACH pp. 327-336

Thomas C. Chiang and Douglas R. Kahl

DEFAULT RISK PREMIA IN THE NEAR-CASH INVESTMENT MARKET: THE CASE OF AUCTION RATE PREFERRED STOCK VERSUS COMMERCIAL PAPER pp. 337-343

Daniel T. Winkler and George B. Flanigan

ERODING MARKET IMPERFECTIONS, REINTERMEDIATION, AND DISINTERMEDIATION pp. 347-358

John C. Easterwood and George Emir Morgan

BENCHMARK ERROR AND THE SMALL FIRM EFFECT: A REVISIT pp. 359-369

K. C. John Wei and Stanley R. Stansell

Volume 14, issue 3, 1991

THE ARBITRAGE PRICING THEORY AND COST-OF-CAPITAL ESTIMATION: THE CASE OF ELECTRIC UTILITIES pp. 181-196

David H. Goldenberg and Ashok J. Robin

PRIVATE INFORMATION ACQUISITION IN EXPERIMENTAL MARKETS PRONE TO BUBBLE AND CRASH pp. 197-206

Ronald R. King

A TEST OF THE RISK PREMIUM HYPOTHESIS pp. 207-216

Mohammad Najand

FURTHER ANALYSIS OF THE PUT-CALL PARITY IMPLIED RISK-FREE INTEREST RATE pp. 217-232

George M. Frankfurter and Wai K. Leung

RISK-TAKING INCENTIVES OF BANKS AND RISK-ADJUSTED DEPOSIT INSURANCE pp. 233-239

Lawrence G. Goldberg and T. Harikumar

A CERTAINTY EQUIVALENT APPROACH TO MUNICIPAL BOND DEFAULT RISK ESTIMATION pp. 241-247

Chunchi Wu

TAX SCHEDULE CHANGES AND DISCOUNT BOND PRICES pp. 249-253

Ricardo J. Rodriguez

EX-DIVIDEND DAY PRICE CHANGES AND IMPLIED TAX RATES: AN EVALUATION pp. 255-262

Jean-Marie Gagnon and Jean-Marc Suret

THE EARNINGS-PRICE AND STANDARDIZED UNEXPECTED EARNINGS EFFECTS: ONE ANOMALY OR TWO? pp. 263-275

James B. Wiggins

CAUSALITY TESTS OF SHORT SALES ON THE NEW YORK STOCK EXCHANGE pp. 277-286

Anand K. Bhattacharya and George W. Gallinger

Volume 14, issue 2, 1991

EQUITY VALUATION EFFECTS OF WARRANT-DEBT FINANCING pp. 93-103

Katherine L. Phelps, William T. Moore and Rodney L. Roenfeldt

THE TWO-STATE INTEREST RATE MODEL FOR PRICING BONDS: AN EMPIRICAL ANALYSIS pp. 105-115

Yatin N. Bhagwat, Michael C. Ehrhardt and David W. Johnson

THE RELATIONSHIP BETWEEN OTC BID-ASK SPREADS AND DEALER SIZE: THE IMPACT OF ORDER-PROCESSING AND DIVERSIFICATION COSTS pp. 117-127

Niranjan Tripathy and Richard L. Peterson

THE DEALER AND MARKET CONCEPTS OF BID-ASK SPREAD: A COMPARISON FOR NASDAQ STOCKS pp. 129-139

James L. Hamilton

THE EFFECT OF TRADED OPTION INTRODUCTION ON SHAREHOLDER WEALTH pp. 141-151

Wi Saeng Kim and Colin M. Young

BANK FAILURE AND CONTAGION EFFECTS: EVIDENCE FROM HONG KONG pp. 153-165

Gerald D. Gay, Stephen G. Timme and Kenneth Yung

AN ANALYSIS OF REGULATED RATES OF RETURN FOR WHOLLY OWNED SUBSIDIARIES pp. 167-179

John R. Ezzell, H. Christine Hsu and James A. Miles

Volume 14, issue 1, 1991

FROM THE EDITORS pp. ii-ii

Michael D. Joehnk and Richard L. Smith

RAISING CAPITAL WITH PRIVATE PLACEMENTS OF DEBT pp. 1-13

Samuel H. Szewczyk and Raj Varma

INFLATION, INVESTMENT, AND DEBT pp. 15-26

Alexandros P. Prezas

MEASURING RISK AVERSION: ALLOCATION, LEVERAGE, AND ACCUMULATION pp. 27-35

Frederick W. Siegel and James P. Hoban

DIVIDEND CHANGE ANNOUNCEMENT EFFECTS AND EARNINGS VOLATILITY AND TIMING pp. 33-49

James W. Wansley, C. F. Sirmans, James D. Shilling and Young‐jin Lee

PE RATIOS, EARNINGS EXPECTATIONS, AND ABNORMAL RETURNS pp. 51-64

April Klein and James Rosenfeld

THE MAGNITUDE OF PRICING ERRORS IN THE ARBITRAGE PRICING THEORY pp. 65-82

Ashok Robin and Ravi Shukla

NEW EVIDENCE CONCERNING THE EXPECTATIONS THEORY FOR THE SHORT END OF THE MATURITY SPECTRUM pp. 83-92

Seungmook Choi and Mark Wohar