Journal of Financial and Quantitative Analysis

1966 - 2025

From Cambridge University Press
Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
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Volume 10, issue 5, 1975

On the Financial Applications of Discriminant Analysis pp. 723-739

O. Maurice Joy and John O. Tollefson

Dividend, Investment and Financing Decisions: Empirical Evidence on French Firms pp. 741-755

John G. McDonald, Bertrand Jacquillat and Maurice Nussenbaum

An Analytical Model of Bond Risk Differentials pp. 757-773

Harold Bierman and Jerome E. Hass

Risk and the Rate of Return on Financial Assets: Some Old Wine in New Bottles pp. 775-784

Robert A. Haugen and A. James Heins

Multidimensional Security Pricing pp. 785-798

Jonathan Ingersoll

Stochastic Dominance for Decreasing Absolute Risk Aversion pp. 799-811

R. G. Vickson

The Effects of Sample Sizes on the Accuracy of EV and SSD Efficiency Criteria pp. 813-820

Keith H. Johnson and Richard C. Burgess

An Autoregressive Forecast of the World Sugar Future Option Market pp. 821-835

James E. Meyer and Young Y. Kim

A Test of Industry Indices Based on SIC Codes pp. 837-848

Leonard Fertuck

A Note on the E, SL Portfolio Selection Model pp. 849-857

James S. Ang

A Simple Algorithm for Stone's Version of the Portfolio Selection Problem pp. 859-870

James V. Jucker and Clovis de Faro

A Correction and Update Regarding Individual Common Stocks as Inflation Hedges pp. 871-880

Frank K. Reilly, Ralph E. Smith and Glenn L. Johnson

The Impact of Changes in Trading Location on a Security's Systematic Risk pp. 881-890

William W. Reints and Pieter A. Vandenberg

A Little More on the Weighted Average Cost of Capital pp. 892-896

William Beranek

Volume 10, issue 4, 1975

Abstract–Volume and Efficiency of Speculative Markets pp. 535-535

Allen A. Abrahamson and John T. Emery

Abstract–The Efficient Market Hypothesis and the Value of Traditional Security Analysis pp. 537-537

Robert D. Rieke

Abstract–An Empirical Investigation of the Corporate Debt Maturity Structure pp. 539-539

James R. Morris

Abstract–Capital Structure and the Value of the Firm pp. 541-541

Frederic H. Murphy, Aharon R. Ofer and Mark A. Satterthwaite

The Firm's Optimal Financial Policies: Solution, Equilibrium, and Stability pp. 543-555

Andrew J. Senchack

Abstract–A Parametric Study of a Household Portfolio Selection Model pp. 557-557

Rae Jean B. Goodman

Abstract–The Effect of Estimation Risk on Optimal Portfolio Choice under Uncertainty pp. 559-559

Roger Klein and Vijay S. Bawa

Abstract–How Diversification Reduces Risk: Some Further Evidence pp. 561-561

Randolph Westerfield

Abstract–Micro-Foundation of the Federal Funds Market pp. 563-564

Rex L. Cottle

Abstract–The Determinants of Savings and Loan Profitability pp. 565-565

James A. Verbrugge, Richard A. Shick and Kenneth J. Thygerson

Competition for Savings Deposits in the U.S.: 1936-1966 pp. 567-576

Lewis J. Spellman

Bank Holding Companies and Financial Stability pp. 577-587

Robert C. Holland

Failures of Large Banks: Implications for Banking Supervision and Deposit Insurance pp. 589-601

Paul M. Horvitz

Should Large Banks Be Allowed to Fail? pp. 603-610

Thomas Mayer

Discussion: Implications of Recent Banking Developments for Financial Stability pp. 611-613

Richard C. Aspinwall

Discussion: Banking Structure, Failures, and Financial Stability pp. 615-616

T. G. Gies

Discussion: Should Large Banks Be Allowed to Fail? pp. 617-618

David G. Hayes

Divestiture and Share Price pp. 619-626

Kenneth J. Boudreaux

Corporate International Diversification and Market Assigned Measures of Risk and Diversification pp. 627-637

John S. Hughes, Dennis E. Logue and Richard James Sweeney

The Development of a Mean-Semivariance Approach to Capital Budgeting pp. 639-649

R. Burr Porter, Roger P. Bey and David C. Lewis

Discussion: Corporate International Diversification and Market Assigned Measures of Risk and Diversification pp. 651-652

Alan Rugman

Abstract–Further Evidence on the Random Nature of the Errors Associated with Corporate Earnings Forecasts pp. 653-653

R. Malcolm Richards and Donald R. Fraser

Abstract–A Canonical Analysis of Market Return-Risk and Financial Characteristics of Industrial Firms pp. 655-655

Rodney L. Roenfeldt and Philip L. Cooley

Abstract–A Multivariate Analysis of Relationships between a Company's Liquidity Position and Common Stock Price pp. 657-657

James E. Townsend

Theory of Finance from the Perspective of Continuous Time pp. 659-674

Robert Merton

Irving Fisher, Inflation, and the Nominal Rate of Interest pp. 675-685

G. Marc Choate and Stephen H. Archer

Abstract–Measuring Nonstationarity in the Stochastic Process of Asset Returns pp. 687-687

Melvin Hinich and Richard Roll

Abstract–Investment Horizon and the Functional Form of the Capital Asset Pricing Model: An Empirical Investigation pp. 689-689

Cheng F. Lee

A Theoretical Foundation for the Basic Finance Course pp. 691-694

Charles W. Haley

Content Orientation in the Introductory Finance Course pp. 695-698

James E. Wert

A Managerial Orientation in the First Finance Course pp. 699-704

J. Fred Weston

Managing Editor's Report pp. 705-706

Charles W. Haley

Executive Committee Meeting Minutes pp. 707-708

Anonymous

Treasurer's Report pp. 709-709

Anonymous

Minutes of the Annual Meeting pp. 710-710

Anonymous

Constitution pp. 711-713

Anonymous

By-Laws pp. 714-718

Anonymous

Volume 10, issue 3, 1975

The Selection of International Borrowing Sources pp. 381-407

James V. Jucker and Clovis de Faro

Exchange-Rate Flexibility and the Efficiency of the Foreign-Exchange Markets pp. 409-428

Norman S. Fieleke

Error-Learning in the Eurodollar Market pp. 429-446

M. Chapman Findlay and Elko J. Kleinschmidt

Exchange Rate Risk Protection in International Business pp. 447-456

Yutaka Imai

Optimal Financial Policy in Imperfect Markets pp. 457-481

Peter Lloyd-Davies

The Optimal Number of Securities in a Risky Asset Portfolio When There Are Fixed Costs of Transacting: Theory and Some Empirical Results pp. 483-496

Michael Brennan

The Optimal Price to Trade pp. 497-514

Ben Branch

Dividend Disbursal Practices in Commercial Banking pp. 515-529

Manak C. Gupta and David A. Walker

Volume 10, issue 2, 1975

Capital Management and Profitability of Prospective Holding Company Banks pp. 191-203

John J. Mingo

Intertemporal Differences in Systematic Stock Price Movements pp. 205-219

Jack Clark Francis

The Application of Spectral Analysis to Demonstrate the Stochastic Distortion in the Delta Midrange of Price Series pp. 221-230

Carl F. Meyer and Andre B. Corbeau

The Association between Market-Determined and Accounting-Determined Measures of Systematic Risk: Some Further Evidence pp. 231-284

William Beaver and James Manegold

Portfolio Selection in a Log-Stable Market pp. 285-298

James Ohlson

Measures of Risk Aversion: Some Clarifying Comments pp. 299-309

Stephen Miller

Unseasoned Equity Financing pp. 311-325

Robert M. Bear and Anthony J. Curley

On the Stationarity of Transition Probability Matrices of Common Stocks pp. 327-339

Bruce D. Fielitz

The Role of Utility in the State-Preference Framework pp. 341-352

Robert G. Bowman

A Note of Accounting-Based and Market-Based Estimates of Systematic Risk pp. 355-365

Nicholas J. Gonedes

On the Weighted Average Cost of Capital: Reply pp. 367-367

Raymond R. Reilly and William E. Wecker

An Estimate of Convertible Bond Premiums: Comment pp. 369-373

Alan W. Frankle

Reply: An Estimate of Convertible Bond Premiums pp. 375-376

Edward H. Jennings

A Note on the Representation of Bounded Utility Functions Defined on [a, ∞) pp. 377-379

James Ohlson and Markku Kallio

Volume 10, issue 1, 1975

The Cost of Capital, Capital Budgeting, and the Maximization of Shareholder Wealth pp. 1-20

William Beranek

Multistage Capital Budgeting under Uncertainty pp. 21-36

A. Geoffrey Lockett and Anthony E. Gear

An Application of the Decomposition Principle to Financial Decision Models pp. 37-65

James R. Morris

The Consideration of Coupon Levels, Taxes, Reinvestment Rates, and Maturity in the Investment Management of Financial Institutions pp. 67-84

Robert H. Cramer and Stephen L. Hawk

A Rule-of-Thumb Theory of Cash Holdings by Firms pp. 85-108

Morris Budin and Robert J. Van Handel

Certainty Equivalents and Timing Uncertainty pp. 109-118

Stylianos Perrakis

Ruin Considerations: Optimal Working Capital and Capital Structure pp. 119-128

H. Bierman, K. Chopra and J. Thomas

Thinness in Capital Markets: The Case of the Tel Aviv Stock Exchange pp. 129-142

William L. Silber

A Note on the Use of the Two-Stage Least Squares Estimator in Financial Models pp. 143-149

William P. Lloyd

Comparison of Moment and Stochastic Dominance Ranking Methods pp. 151-161

William H. Jean

Skewness and Investors' Decisions pp. 163-172

Jack Clark Francis

Skewness and Investors' Decisions: A Reply pp. 173-176

Fred D. Arditti

Efficient Algorithms for Conducting Stochastic Dominance Tests on Large Numbers of Portfolios: A Comment pp. 177-179

George M. Frankfurter and Herbert E. Phillips

Efficient Algorithms for Conducting Stochastic Dominance Tests on Large Numbers of Portfolios: Reply pp. 181-185

R. Burr Porter and Roger C. Pfaffenberger