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 9, issue 6, 1974

The Market Model Applied to European Common Stocks: Some Empirical Results pp. 917-944

Gerald A. Pogue and Bruno H. Solnik

On the Stability of the Distribution of the Market Component in Stock Price Changes pp. 945-961

Menachem Brenner

Seasonal Variations in Prices of Individual Dow Jones Industrial Stocks pp. 963-991

Joseph M. Bonin and Edward A. Moses

Utility Analysis of Chance-Constrained Portfolio Selection pp. 993-1007

Enrique Arzac

An Investigation of the Firm Effects Influence in the Analysis of Earnings to Price Ratios of Industrial Common Stocks pp. 1009-1029

Peter S. Chung

The Traditional Approach to Valuing Levered–Growth Stocks: A Clarification pp. 1031-1044

Robert A. Haugen and Prem Kumar

Comment: “On the Use of Principal Components Analysis to Interpret Cross-Sectional Differences among Commercial Banks” pp. 1047-1051

Marion L. Chiattello

Further Comment: “Cross-Sectional Differences among Commercial Banks” pp. 1053-1055

Robert J. Saunders

Comment: “Safety First–An Expected Utility Principle” pp. 1057-1061

Nicolas Gressis and William A. Remaley

Reply: “Safety First – An Expected Utility Principle” pp. 1063-1064

Haim Levy and Marshall Sarnat

Comment: “The Dynamics of Corporate Debt Management, Decision Rules, and Some Empirical Evidence” pp. 1065-1066

Rashmi B. Thakkar

Reply: “The Dynamics of Corporate Debt Management, Decision Rules and Some Empirical Evidence” pp. 1067-1068

John C. G. Boot and George M. Frankfurter

More on the Weighted Average Cost of Capital: A Comment and Analysis pp. 1069-1080

Charles M. Linke and Moon K. Kim

A Note on a Property of the Inverse of a Bordered Matrix and Its Implication for the Theory of Portfolio Selection pp. 1081-1087

M. W. Jones-Lee

Volume 9, issue 5, 1974

The Value of Risk-Reducing Information pp. 697-707

Jeffrey F. Jaffe and Larry J. Merville

Systematic Interest-Rate Risk in a Two-Index Model of Returns pp. 709-721

Bernell K. Stone

Comment: Systematic Interest-Rate Risk in a Two-Index Model of Returns pp. 723-725

Bob M. Korkie

Abstract–Third-Market Efficiency and NASDAQ pp. 727-727

E. P. Mampe

Abstract–Capital Adequacy and Net Recoveries from Failed Banks pp. 729-729

Yair E. Orgler

Abstract–Banking Markets and the Measurement of Competition pp. 731-731

Peter S. Rose and Donald R. Fraser

Monetary and Credit Restraint in 1973 and Early 1974 pp. 733-741

Richard G. Davis

The Re-Politicization of the Fed pp. 743-752

Edward Kane

Comment: Monetary and Credit Restraint in 1973 and Early 1974 pp. 753-755

Lionel Kalish

Comment: The Re-Politicization of the Fed pp. 757-759

Maurice Mann

Abstract–Intertemporal Cash Flows in Capital Budgeting Decisions pp. 761-761

Roger P. Bey

Abstract–Behavioral Risk Constraints in Capital Budgeting pp. 763-763

O. Maurice Joy and F. Hutton Barron

Abstract–Some Evidence on Unexpected Empirical Relationships between Operating Risk and Financial Leverage pp. 765-765

Dwight Grant

Abstract–The West German Capital Market: Some Empirical Results pp. 767-767

Rolf Mirus

Abstract–The Risk-Return Performance of Real Estate Investment Trusts pp. 769-769

Robert Radcliffe, William Brueggeman and David Ennis

A Portfolio Analysis of the Teaching of Investments pp. 771-780

David K. Eiteman and Keith V. Smith

Teaching of Investments: A “Utilitarian” View pp. 781-787

George A. Christy

The Teaching of Investments - is “Witchcraft” Still Appropriate? pp. 789-793

Richard R. West

Regulatory Reform for the Deposit Financial Institutions–Retrospect and Prospects pp. 795-802

Almarin Phillips

Reform of Financial Institutions pp. 803-814

William E. Gibson

Toward a Central Market System: Wall Street's Slow Retreat into the Future pp. 815-827

Donald E. Farrar

Abstract–The Stock Market: Some Considerations of Its Future Structure pp. 829-829

Morris Mendelson

Comment: Regulatory Reform for the Deposit Financial Institutions–Retrospect and Prospects pp. 831-833

J. Fred Weston

Comment: Reform of Financial Institutions pp. 835-837

Bernard Shull

Comment: Stock Market Reforms pp. 839-842

Frank K. Reilly

Comment: The Stock Market: Come Considerations of Its Future Structure pp. 843-845

William C. Freund

Abstract–Risk and Price Distributions pp. 847-847

Allen A. Abrahamson and John T. Emery

Management of Foreign Exchange Risk in the U.S. Multinationals pp. 849-857

Rita M. Rodriguez

A Framework for Financial Decisions in Multinational Corporations–Summary of Recent Research pp. 859-874

Ruediger Naumann-Etienne

A Comparative International Study of Growth, Profitability, and Risk as Determinants of Corporate Debt Ratios in the Manufacturing Sector pp. 875-886

Norman Toy, Arthur Stonehill, Lee Remmers, Richard Wright and Theo Beekhuisen

Comment: Issue of Foreign Exchange Management in U.S. Multinationals pp. 887-888

Cheukuen Kwan

Abstract–Homogeneous Investor Groups: Their Demographic Differences and Their Perceptions pp. 889-889

Arthur E. Gooding

Abstract–The Mutual Fund Industry and Its Comparative Performance pp. 891-891

Manak C. Gupta

Abstract–Determinants of Systematic Risk pp. 893-893

Robert W. White

Abstract–Valuation of Corporate Bonds, Leverage, and Security Yields pp. 895-895

Pao Lun Cheng

Abstract–Municipal Bond Credit Ratings: A Suggested Methodology pp. 897-897

Ronald Forbes, Alan Frankle and Arthur Hierl

Abstract–The Term Structure of Interest Rates: A Micro Approach pp. 899-899

Gordon S. Roberts

The Effect of Interest-Rate Risk on Liquidity Premiums: An Empirical Investigation pp. 901-910

Robert A. Olsen

Comment: The Effect of Interest-Rate Risk on Liquidity Premiums: An Empirical Investigation pp. 911-913

Burton Zwick

Volume 9, issue 4, 1974

Performance Evaluation of New York Stock Exchange Specialists pp. 511-535

Amir Barnea

An International Market Model of Security Price Behavior pp. 537-554

Bruno H. Solnik

Information, Investment Behavior, and Efficient Portfolios pp. 555-566

David P. Baron

Evaluating Alternative Stock Option Timing Strategies pp. 567-578

James McGuigan and William R. King

Using the Capital Asset Pricing Model and the Market Model to Predict Security Returns pp. 579-605

R. Richardson Pettit and Randolph Westerfield

Are Cash Management Optimization Models Worthwhile? pp. 607-626

Hans G. Daellenbach

On the Association between Operating Leverage and Risk pp. 627-641

Baruch Lev

An Economic Model of Trade Credit pp. 643-657

Robert A. Schwartz

Recursive Models for Forecasting Seasonal Processes pp. 659-684

James E. Reinmuth and Dick R. Wittink

A Note on the Implications of Quadratic Utility for Portfolio Theory pp. 687-689

Marshall Sarnat

Volume 9, issue 3, 1974

Objectives and Performance of Mutual Funds, 1960–1969 pp. 311-333

John G. McDonald

Credit Policy in Lending Institutions pp. 335-356

Robert O. Edmister and Gary G. Schlarbaum

Optimal Financial Strategies for Trusteed Pension Plans pp. 357-376

Irwin Tepper

Some Empirical Evidence on the Determinants of Trade Credit at the Industry Level of Aggregation pp. 377-394

Anthony F. Herbst

An Operational Model for Security Analysis and Valuation pp. 395-422

James M. Warren

Alternative Industry Performance and Risk pp. 423-446

Frank K. Reilly and Eugene F. Drzycimski

The Reliability of Estimation Procedures in Portfolio Analysis pp. 447-462

J. P. Dickinson

Imputing Expected Security Returns from Portfolio Composition pp. 463-472

William Sharpe

When Does Diversification between Two Investments Pay? pp. 473-483

Shelby L. Brumelle

A Note on Measurement of Skewness pp. 485-489

H. Russell Fogler and Robert C. Radcliffe

On the Dummy Variable Technique and Covariance Analysis in Testing Equality among Sets of Coefficients in Linear Regressions: An Expository Note pp. 491-495

Feng-Yao Lee

The Interpretation of the Geometric Mean: A Note pp. 497-504

Stewart Hodges and Stephen Schaefer

The Geometric Index Revisited: A Rejoinder pp. 505-506

Marvin Rothstein

Volume 9, issue 2, 1974

Efficient Capital Markets and the Information Content of Accounting Numbers pp. 139-149

John T. Emery

Comment: Efficient Capital Markets and the Information Content of Accounting Numbers pp. 151-153

Bryan Heathcotte

The Cost of Inefficient Coupons on Municipal Bonds pp. 155-164

Michael H. Hopewell and George G. Kaufman

A Study of Underwriters' Experience With Unseasoned New Issues pp. 165-177

Brian M. Neuberger and Carl T. Hammond

Comment: A Study of Underwriters' Experience with Unseasoned New Issues pp. 179-180

Edward A. Nelson

Direct Investment, Research Intensity, and Profitability pp. 181-190

Alan K. Severn and Martin M. Laurence

Comment: Direct Investment, Research Intensity, and Profitability pp. 191-193

Roger B. Upson

Financial and Statistical Analysis for Commercial Loan Evaluation: A French Experience pp. 195-211

Edward Altman, Michel Margaine, Michel Schlosser and Pierre Vernimmen

Comment: Financial and Statistical Analysis for Commercial Loan Evaluation: a French Experience pp. 213-214

Gunter Dufey

The Effects of Conglomerate Merger Activity on Systematic Risk pp. 215-225

Michael D. Joehnk and James F. Nielsen

Comment: The Effects of Conglomerate Merger Activity on Systematic Risk pp. 227-230

J. L. Bicksler

Financial Factors Which Influence Beta Variations within an Homogeneous Industry Environment pp. 231-241

Ronald W. Melicher

Comment: Financial Factors Which Influence Beta Variations within an Homogeneous Industry Environment pp. 243-245

Edward Gordon

The Predictive Content of Some Leading Economic Indicators for Future Stock Prices pp. 247-258

Bryan Heathcotte and Vincent P. Apilado

Comment: The Predictive Content of Some Leading Economic Indicators for Future Stock Prices pp. 259-261

Donald G. Simonson

Extra-Market Components of Covariance in Security Returns pp. 263-274

Barr Rosenberg

Evaluative Techniques in Consumer Finance—Experimental Results and Policy Implications for Financial Institutions pp. 275-283

Vincent P. Apilado, Don C. Warner and Joel J. Dauten

Comment: Evaluative Techniques in Consumer Finance— Experimental Results and Policy Implications for Financial Institutions pp. 285-286

Mark Nelson

A Canonical Analysis of Bank Performance pp. 287-295

Donald R. Fraser, Wallace Phillips and Peter S. Rose

Comment: a Canonical Analysis of Bank Performance pp. 297-299

Santosh K. Choudhury

Proceedings of Western Finance Association Meeting, August 15–17, 1973 pp. 301-303

Anonymous

Volume 9, issue 1, 1974

Toward the Development of an Equilibrium Capital-Market Model Based on Semivariance pp. 1-11

William W. Hogan and James M. Warren

The Economic Effects of NASDAQ: Some Preliminary Results pp. 13-24

Anthony M. Santomero

Stochastic Dominance and Mutual Fund Performance pp. 25-31

O. Maurice Joy and R. Burr Porter

An Estimate of Convertible Bond Premiums pp. 33-56

Edward H. Jennings

Money Supply and Stock Prices: A Probabilistic Approach pp. 57-68

Manak C. Gupta

The Imperfect-Markets Model of Commercial Bank Financial Management pp. 69-87

John J. Pringle

The Investment Performance of the Common Stock Portfolios of Property-Liability Insurance Companies pp. 89-106

Gary G. Schlarbaum

A Total Real Asset Planning System pp. 107-115

L. J. Merville and L. A. Tavis

A Model for Funding Interrelated Research and Development Projects Under Uncertainty pp. 117-128

Carole A. Aldrich

A Note on Diversification pp. 131-136

Gordon Pye