Journal of Banking & Finance

1977 - 2025

Current editor(s): Ike Mathur

From Elsevier
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Volume 21, issue 11-12, 1997

Article pp. i-iii

Unknown

The theory of financial intermediation pp. 1461-1485

Franklin Allen and Anthony M. Santomero

The valuation of American options on bonds1 pp. 1487-1513

T. S. Ho, Richard C. Stapleton and Marti G. Subrahmanyam

Stress tests of capital requirements pp. 1515-1546

Elroy Dimson and Paul Marsh

The direct and compliance costs of financial regulation pp. 1547-1572

Julian R. Franks, Stephen M. Schaefer and Michael D. Staunton

Payment transactions, instruments, and systems: A survey pp. 1573-1624

Diana Hancock and David B. Humphrey

Fundamental determinants of national equity market returns: A perspective on conditional asset pricing pp. 1625-1665

Wayne E. Ferson and Campbell R. Harvey

Do central banks lose on foreign-exchange intervention? A review article pp. 1667-1684

Richard J. Sweeney

Recent developments in international finance: A guide to research pp. 1685-1720

Jerome L. Stein and Giovanna Paladino

Credit risk measurement: Developments over the last 20 years pp. 1721-1742

Edward Altman and Anthony Saunders

Modern portfolio theory, 1950 to date pp. 1743-1759

Edwin J. Elton and Martin J. Gruber

Volume 21, issue 10, 1997

Comment on 'Operational efficiency in banking: An international perspective' pp. 1325-1329

Robert DeYoung

Investment opportunities and corporate demand for lines of credit pp. 1331-1350

J. Spencer Martin and Anthony M. Santomero

Swap credit risk: An empirical investigation on transaction data pp. 1351-1373

Didier Cossin and Hugues Pirotte Speder

The evolution of an industry: US thrifts in the 1990s pp. 1375-1394

Kevin J. Stiroh

Differences of opinion and selection bias in the credit rating industry pp. 1395-1417

Richard Cantor and Frank Packer

Repeated acquirers in FDIC assisted acquisitions pp. 1419-1430

Hao Zhang

Acquisitions of solvent thrifts: Wealth effects and managerial motivations pp. 1431-1450

Atul Gupta, Richard L. B. LeCompte and Lalatendu Misra

Operational efficiency in banking: An international comparison Reply to the comment pp. 1451-1455

Linda Allen and Anoop Rai

An introduction to the mathematics of financial derivatives: Neftci, Salih N., (Academic Press, New York, 1996), 352 pp., $39.95 pp. 1457-1459

Thomas M. Arnold

Volume 21, issue 8, 1997

Tax arbitrage in government bonds: A suggested methodology with policy implications pp. 1065-1083

Eliakim Katz and Eliezer Z. Prisman

Managerial reputation and divisional sell-offs: A model and empirical test pp. 1085-1106

Jose Guedes and Roch Parayre

A financial-economic evaluation of insurance guaranty fund system: An agency cost perspective pp. 1107-1129

Li-Ming Han, Gene C. Lai and Robert C. Witt

Pricing American interest rate claims with humped volatility models pp. 1131-1157

Juan M. Moraleda and Ton Vorst

A continuous-time model to determine the intervention policy for PBGC pp. 1159-1177

Raman Kalra and Gautam Jain

Early resolution of troubled financial institutions: An examination of the accelerated resolution program pp. 1179-1194

Roger D. Stover

Volume 21, issue 7, 1997

Inside the black box: What explains differences in the efficiencies of financial institutions? pp. 895-947

Allen Berger and Loretta Mester

Purchasing power parity: Modeling and testing mean reversion pp. 949-966

Lawrence G. Goldberg, Thomas F. Gosnell and John Okunev

The IPO and first seasoned equity sale: Issue proceeds, owner/managers' wealth, and the underpricing signal pp. 967-988

D. Katherine Spiess and Richard H. Pettway

The informational value of insurance purchases: Evidence from the property-liability insurance market pp. 989-1016

James A. Ligon and David A. Cather

State passage of interstate banking legislation: An analysis of firm, legislative, and economic characteristics pp. 1017-1043

Kenneth A. Carow and Winson B. Lee

Volatility, information, and double versus walrasian auction pricing in US and Japanese futures markets pp. 1045-1061

Upinder S. Dhillon, Dennis J. Lasser and Taiji Watanabe

Volume 21, issue 6, 1997

Economies of scale and scope in the Finnish non-life insurance industry pp. 759-779

Otto Toivanen

Seigniorage, banking, and the optimal quantity of money pp. 781-796

Ernst Baltensperger and Thomas J. Jordan

Interday variations in volume, variance and participation of large speculators pp. 797-810

Eric C. Chang, J. Michael Pinegar and Barry Schachter

Price and volatility spillovers in Scandinavian stock markets pp. 811-823

G. Geoffrey Booth, Teppo Martikainen and Yiuman Tse

Regulatory distortion of management compensation: The case of golden parachutes for bank managers pp. 825-848

Jocelyn Evans, Thomas Noe and John Thornton

Problem loans and cost efficiency in commercial banks pp. 849-870

Allen Berger and Robert DeYoung

The exchange rate exposure of U.S. and Japanese banking institutions pp. 871-892

Sandra Chamberlain, John S. Howe and Helen Popper

Volume 21, issue 5, 1997

The wealth effects of interstate branching pp. 589-611

Donald R. Fraser, Jerry L. Hooton, James W. Kolari and Joseph J. Reising

A P.D.E. approach to Asian options: analytical and numerical evidence pp. 613-640

Benedicte Alziary, Jean-Paul Décamps and Pierre-Francois Koehl

UK stock returns and robust tests of mean variance efficiency pp. 641-660

A. D. Clare, P. N. Smith and S. H. Thomas

The diffusion of production processes in the U.S. banking industry: A finite mixture approach pp. 721-740

Thomas Beard, Steven B Caudill and Daniel Gropper

Sovereign debt and the London Club: A precommitment device for limiting punishment for default pp. 741-756

Raman Uppal and Cynthia Van Hulle

Volume 21, issue 4, 1997

Optimal bank reorganization and the fair pricing of deposit guarantees pp. 441-468

Steven Fries, Pierre Mella-Barral and William Perraudin

The benefits from international diversification for Nordic investors pp. 469-490

Eva Liljeblom, Anders Loflund and Svante Krokfors

Risk-taking behavior of banks under regulation pp. 491-507

Sangkyun Park

Banks' changing incentives and opportunities for risk taking pp. 509-527

Tina M. Galloway, Winson B. Lee and Dianne M. Roden

Tender offers to influential shareholders pp. 529-540

Robert J. Liebler

A path-dependent approach to security valuation with application to interest rate contingent claims pp. 541-562

Douglas T. Breeden and James H. Gilkeson

An empirical analysis of common stock call exercise: A note pp. 563-571

Thomas J. Finucane

A note on economic news and intraday exchange rates pp. 573-585

Glenn Tanner

Volume 21, issue 3, 1997

IPO underpricing as tax-efficient compensation pp. 295-313

Kristian Rydqvist

Asset pricing, time-varying risk premia and interest rate risk pp. 315-335

Mark Flannery, Allaudeen S. Hameed and Richard H. Harjes

Portfolio selection under institutional procedures for short selling: Normative and market-equilibrium considerations pp. 369-391

Clarence C. Y. Kwan

A dynamic model of firewalls and non-traditional banking pp. 393-416

Andrew H. Chen and Sumon C. Mazumdar

Nonshareholder constituency statutes and shareholder wealth: A note pp. 417-432

John C. Alexander, Michael F. Spivey and M. Wayne Marr

Focus: Al Ries, (Harper-Collins Publishers, New York, NY, 1996) 300 pp pp. 433-435

Lance Nail

Wise Choices (Decisions, Games and Negotiations): Richard J. Zeckhauser, Ralph L. Keeney and James K. Sebenius, (Harvard Business School Press, Boston, MA, 1996) 478 pp pp. 435-437

Marc Lars Lipson

Volume 21, issue 2, 1997

Hedging against interest rate risk: Reconsidering volatility-adjusted immunization pp. 127-141

Nicola Carcano and Silverio Foresi

Portfolio selection and skewness: Evidence from international stock markets pp. 143-167

Pornchai Chunhachinda, Krishnan Dandapani, Shahid Hamid and Arun Prakash

Stochastic volatility, movements in short term interest rates, and bond option values pp. 169-196

Kenneth R. Vetzal

A new test of the relationship between regulatory change in financial markets and the stability of beta risk of depository institutions pp. 197-219

Robert Brooks, Robert Faff and Kee Ho Yew

Evaluating the cost-efficiency of the Italian Banking System: What can be learned from the joint application of parametric and non-parametric techniques pp. 221-250

Andrea Resti

On the determinants of bank interest margins under credit and interest rate risks pp. 251-271

Pong Wong Kit

Volume 21, issue 1, 1997

Duration for bonds with default risk pp. 1-16

Iraj J. Fooladi, Gordon Roberts and Frank Skinner

Some further theoretical and empirical implications regarding the relationship between earnings, dividends and stock prices pp. 17-35

Raymond Chiang, Ian Davidson and John Okunev

Takeover activity among financial mutuals: An analysis of target characteristics pp. 37-53

Steve Thompson

Commercial bank net interest margins, default risk, interest-rate risk, and off-balance sheet banking pp. 55-87

Lazarus Angbazo

On competition, risk, and hidden assets in the market for bank credit cards pp. 89-112

Robert C. Nash and Joseph F. Sinkey

A note on market efficiency, institutional practice, and economic constraints in the experience of the Canadian bond market pp. 113-123

Paul Halpern and John Rumsey