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 35, issue 4, 2012

TRANSITORY MARKET STATES AND THE JOINT OCCURRENCE OF MOMENTUM AND MEAN REVERSION pp. 471-495

Ronald Balvers, Ou Hu and Dayong Huang

WHAT DETERMINES SEO OFFER-DAY RETURNS? pp. 497-519

Brandon N. Cline, Xudong Fu, Tian Tang and Jonathan A. Wiley

CORPORATE BOARDS AND BANK LOAN CONTRACTING pp. 521-552

Bill Francis, Iftekhar Hasan, Michael Koetter and Qiang Wu

SEASONED EQUITY ISSUERS’ R&D INVESTMENTS: SIGNALING OR OVEROPTIMISM pp. 553-580

Hong Qian, Ke Zhong and Zhaodong Zhong

THE EFFECT OF MONETARY POLICY ON CREDIT SPREADS pp. 581-613

Tolga Cenesizoglu and Badye Essid

Volume 35, issue 3, 2012

DO INSIDERS PRACTICE WHAT THEY PREACH? INFORMED OPTION EXERCISES AROUND MERGERS AND ACQUISITIONS pp. 317-342

Daniel Bradley, Brandon N. Cline and Qin Lian

ARE FIRM- AND COUNTRY-SPECIFIC GOVERNANCE SUBSTITUTES? EVIDENCE FROM FINANCIAL CONTRACTS IN EMERGING MARKETS pp. 343-374

Bill Francis, Iftekhar Hasan and Liang Song

WHY DO STOCK PRICES DECLINE IN RESPONSE TO EMPLOYEE LAYOFFS? UK EVIDENCE FROM THE 2008 GLOBAL FINANCIAL CRISIS pp. 375-396

Andrew Marshall, Patrick McColgan and Susan McLeish

THE IMPACT OF POLITICAL CONNECTIONS ON FIRMS’ OPERATING PERFORMANCE AND FINANCING DECISIONS pp. 397-423

Narjess Boubakri, Jean-Claude Cosset and Walid Saffar

INVESTOR REACTION TO MUTUAL FUND PERFORMANCE: EVIDENCE FROM UK DISTRIBUTION CHANNELS pp. 425-450

Aneel Keswani and David Stolin

DOES BOARD INDEPENDENCE MATTER FOR CORPORATE INSURANCE HEDGING? pp. 451-469

Hong Zou, Mike Adams and Jason Zezhong Xiao

Volume 35, issue 2, 2012

TRADE SIZE AND PRICE CLUSTERING: THE CASE OF SHORT SALES AND THE SUSPENSION OF PRICE TESTS pp. 159-182

Benjamin Blau, Bonnie F. Van Ness and Robert A. Van Ness

THE ROLE OF INVESTMENT BANK REPUTATION AND RELATIONSHIPS IN EQUITY PRIVATE PLACEMENTS pp. 183-210

Otgontsetseg Erhemjamts and Kartik Raman

DO INSTITUTIONS PREFER HIGH-VALUE ACQUIRERS? AN ANALYSIS OF TRADING IN STOCK-FINANCED ACQUISITIONS pp. 211-241

Timothy R. Burch, Vikram Nanda and Sabatino Silveri

DOES FINANCIAL FLEXIBILITY REDUCE INVESTMENT DISTORTIONS? pp. 243-259

Abe de Jong, Marno Verbeek and Patrick Verwijmeren

ARE PAIRS TRADING PROFITS ROBUST TO TRADING COSTS? pp. 261-287

Binh Do and Robert Faff

CULTURE, CORPORATE GOVERNANCE, AND DIVIDEND POLICY: INTERNATIONAL EVIDENCE pp. 289-316

Sung C. Bae, Kiyoung Chang and Eun Kang

Volume 35, issue 1, 2012

THE EFFECTS OF INSIDER TRADING RESTRICTIONS: EVIDENCE FROM HISTORICAL DIVIDEND INITIATIONS AND OMISSIONS pp. 1-28

Joseph K. Tanimura and Eric W. Wehrly

EX‐DIVIDEND DAY PRICE BEHAVIOR OF EXCHANGE‐TRADED FUNDS pp. 29-53

Jun (Tony) Ruan and Tongshu Ma

DISPOSITION EFFECT AND PUBLIC SECONDARY EQUITY OFFERINGS pp. 55-77

Dalia Marciukaityte and Samuel H. Szewczyk

MEASURING EFFECTS ON STOCK RETURNS OF SENTIMENT INDEXES CREATED FROM STOCK MESSAGE BOARDS pp. 79-114

Ying Zhang, Peggy E. Swanson and Wikrom Prombutr

THE ECONOMIC SIGNIFICANCE OF CONDITIONING INFORMATION ON PORTFOLIO EFFICIENCY IN THE PRESENCE OF COSTLY SHORT‐SELLING pp. 115-135

Nick Taylor

KNOW YOUR CLIENT! INVESTOR PROFILE AND TAILOR‐MADE ASSET ALLOCATION RECOMMENDATIONS pp. 137-158

Elisa Cavezzali and Ugo Rigoni

Volume 34, issue 4, 2011

THE CHOICE OF TRADING VENUE AND RELATIVE PRICE IMPACT OF INSTITUTIONAL TRADING: ADRs VERSUS THE UNDERLYING SECURITIES IN THEIR LOCAL MARKETS pp. 537-567

Sugato Chakravarty, Chiraphol N. Chiyachantana and Christine Jiang

SHORT SELLING AND PRICE DISCOVERY: EVIDENCE FROM AMERICAN DEPOSITARY RECEIPTS pp. 569-588

Paul Brockman and (Grace) Qing Hao

THE EFFECT OF CROSS‐LISTING ON TRADING VOLUME: REDUCING SEGMENTATION VERSUS SIGNALING INVESTOR PROTECTION pp. 589-616

Abed Al‐Nasser Abdallah, Wissam Abdallah and Mohsen Saad

ARE WATCH PROCEDURES A CRITICAL INFORMATIONAL EVENT IN THE CREDIT RATINGS PROCESS? AN EMPIRICAL INVESTIGATION pp. 617-640

Howard Chan, Robert Faff, Paula Hill and Harald Scheule

MARKET POWER, BANK MEGAMERGERS, AND THE WELFARE OF BANK BORROWERS pp. 641-658

Donald R. Fraser, James W. Kolari, Seppo Pynnönen and T. Kyle Tippens

Volume 34, issue 3, 2011

THE ENDOGENEITY OF INFORMATION ASYMMETRY AND CORPORATE FINANCING DECISIONS pp. 411-440

James Ang and Yingmei Cheng

UNDERPRICING OF IPOS THAT FOLLOW PRIVATE PLACEMENT pp. 441-459

Kelly Nianyun Cai, Hei Wai Lee and Vivek Sharma

THE BROKERAGE FIRM EFFECT IN HERDING: EVIDENCE FROM INDONESIA pp. 461-479

Sumit Agarwal, I-Ming Chiu, Chunlin Liu and S. Ghon Rhee

A MICROSTRUCTURE ANALYSIS OF THE LIQUIDITY IMPACT OF OPEN MARKET REPURCHASES pp. 481-501

William J. McNally and Brian F. Smith

BOND MARKET REACTION TO STOCK REPURCHASES: IS THERE A WEALTH TRANSFER EFFECT? pp. 503-522

Takeshi Nishikawa, Andrew K. Prevost and Ramesh Rao

EARNINGS NEWS AND MARKET RISK: IS THE MAGNITUDE OF THE POSTEARNINGS ANNOUNCEMENT DRIFT UNDERESTIMATED? pp. 523-535

Leon Zolotoy

Volume 34, issue 2, 2011

THE TIME‐VARYING EQUITY PREMIUM AND THE S&P 500 IN THE TWENTIETH CENTURY pp. 179-215

Mark C. Freeman

HOW WELL DO MARKET TIMING, CATERING, AND CLASSICAL THEORIES EXPLAIN CORPORATE DECISIONS? pp. 217-239

Mufaddal Baxamusa

CEO DIRECTORS, EXECUTIVE INCENTIVES, AND CORPORATE STRATEGIC INITIATIVES pp. 241-277

Olubunmi Faleye

FOUNDING FAMILY OWNERSHIP AND CASH HOLDINGS pp. 279-294

Yixin Liu

PORTFOLIO OPTIMIZATION UNDER TRACKING ERROR AND WEIGHTS CONSTRAINTS pp. 295-330

Isabelle Bajeux‐Besnainou, Riadh Belhaj, Didier Maillard and Roland Portait

INTERNATIONAL BANK FLOWS TO EMERGING MARKETS: INFLUENCE OF SOVEREIGN CREDIT RATINGS AND THEIR REGIONAL SPILLOVER EFFECTS pp. 331-364

Suk-Joong Kim and Eliza Wu

DOES IT PAY TO DISCLOSE MANAGERIAL EARNINGS INFORMATION EARLY? pp. 365-386

Gregory Gelles, John S. Howe and Xuejing Xing

BANK PRIVATIZATION AND CONVERGENCE OF PERFORMANCE: INTERNATIONAL EVIDENCE pp. 387-410

Sungho Choi and Iftekhar Hasan

Volume 34, issue 1, 2011

DIFFERENCES OF OPINION, OVERCONFIDENCE, AND THE HIGH‐VOLUME PREMIUM pp. 1-25

Zhaodan Huang, James B. Heian and Ting Zhang

OLIVE: A SIMPLE METHOD FOR ESTIMATING BETAS WHEN FACTORS ARE MEASURED WITH ERROR pp. 27-60

J. Ginger Meng, Gang Hu and Jushan Bai

THE FUNDAMENTAL DETERMINANTS OF TRADING VOLUME REACTION TO FINANCIAL INFORMATION: EVIDENCE AND IMPLICATIONS FOR EMPIRICAL CAPITAL MARKET RESEARCH pp. 61-101

Rowland K. Atiase, Bipin B. Ajinkya, Alex K. Dontoh and Michael J. Gift

THE EFFECT OF THE TRADING SYSTEM ON IPO UNDERPRICING: EVIDENCE FROM THE 1997 ORDER‐HANDLING RULES pp. 103-130

James A. Ligon and Hao‐Chen Liu

INSTITUTIONAL TRADING AND OPENING PRICE BEHAVIOR: EVIDENCE FROM A FAST‐EMERGING MARKET pp. 131-154

Chaoshin Chiao, Weifeng Hung and Cheng F. Lee

INFORMATION ASYMMETRY, DIVIDEND STATUS, AND SEO ANNOUNCEMENT‐DAY RETURNS pp. 155-177

Laurence Booth and Bin Chang

Volume 33, issue 4, 2010

CORPORATE HEDGING AND SHAREHOLDER VALUE pp. 317-371

Kevin Aretz and Söhnke Bartram

RISK AND HEDGING BEHAVIOR: THE ROLE AND DETERMINANTS OF LATENT HETEROGENEITY pp. 373-401

Joost Pennings and Philip Garcia

THE DAYLIGHT SAVING TIME ANOMALY IN STOCK RETURNS: FACT OR FICTION? pp. 403-427

Russell Gregory‐Allen, Ben Jacobsen and Wessel Marquering

DAYLIGHT AND INVESTOR SENTIMENT: A SECOND LOOK AT TWO STOCK MARKET BEHAVIORAL ANOMALIES pp. 429-462

Jeffrey R. Gerlach

SHORT SELLING AND MISPRICINGS WHEN FUNDAMENTALS ARE KNOWN: EVIDENCE FROM NYSE‐TRADED CLOSED‐END FUNDS pp. 463-486

Sean Flynn

DETERMINANTS OF CAPITAL STRUCTURE IN BUSINESS START‐UPS: THE ROLE OF NONFINANCIAL STAKEHOLDER RELATIONSHIP COSTS pp. 487-517

Tom Franck and Nancy Huyghebaert

SUSTAINABLE GROWTH AND STOCK RETURNS pp. 519-538

Larry Lockwood and Wikrom Prombutr

Volume 33, issue 3, 2010

DYNAMIC HEDGE FUND STYLE ANALYSIS WITH ERRORS‐IN‐VARIABLES pp. 201-221

Laurent Bodson, Alain Coën and Georges Hübner

REGULAR(IZED) HEDGE FUND CLONES pp. 223-247

Daniel Giamouridis and Sandra Paterlini

MUTUAL FUNDS SELECTION BASED ON FUNDS CHARACTERISTICS pp. 249-265

Diana P. Budiono and Martin Martens

DEBT FORGIVENESS AND STOCK PRICE REACTION OF LENDING BANKS: THEORY AND EVIDENCE FROM JAPAN pp. 267-287

Nobuyuki Isagawa, Satoru Yamaguchi and Tadayasu Yamashita

STATE DEPENDENCY OF BANK STOCK REACTION TO FEDERAL FUNDS RATE TARGET CHANGES pp. 289-315

Haiyan Yin, Jiawen Yang and William C. Handorf

Volume 33, issue 2, 2010

EXPECTED VOLATILITY, UNEXPECTED VOLATILITY, AND THE CROSS‐SECTION OF STOCK RETURNS pp. 103-123

Choong Tze Chua, Jeremy Goh and Zhe Zhang

RISK PREMIUM EFFECTS ON IMPLIED VOLATILITY REGRESSIONS pp. 125-151

Leonidas Rompolis and Elias Tzavalis

TRADING‐VOLUME SHOCKS AND STOCK RETURNS: AN EMPIRICAL ANALYSIS pp. 153-177

Zhaodan Huang and James B. Heian

ON THE ROBUSTNESS OF RANGE‐BASED VOLATILITY ESTIMATORS pp. 179-199

Ozgur (Ozzy) Akay, Mark D. Griffiths and Drew B. Winters

Volume 33, issue 1, 2010

THE ECONOMIC GAINS OF TRADING STOCKS AROUND HOLIDAYS pp. 1-26

Ilias Tsiakas

DYNAMIC ORDER SUBMISSION AND HERDING BEHAVIOR IN ELECTRONIC TRADING pp. 27-43

Wing Lon Ng

SWITCHING TO A TEMPORARY CALL AUCTION IN TIMES OF HIGH UNCERTAINTY pp. 45-75

David Abad and Roberto Pascual

OPTIMAL PORTFOLIO SELECTION WITH A SHORTFALL PROBABILITY CONSTRAINT: EVIDENCE FROM ALTERNATIVE DISTRIBUTION FUNCTIONS pp. 77-102

Yalcin Akcay and Atakan Yalcin