Journal of Financial Economics

1974 - 2025

Current editor(s): G. William Schwert

From Elsevier
Bibliographic data for series maintained by Catherine Liu ().

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Venture capital and the structure of capital markets: banks versus stock markets pp. 243-277: Bernard Black and Ronald J. Gilson
Proxy contests and corporate change: implications for shareholder wealth pp. 279-313: J. Harold Mulherin and Annette B. Poulsen
Macroeconomic news and bond market volatility pp. 315-337: Charles Jones, Owen Lamont and Robin L. Lumsdaine
Short-term traders and liquidity: a test using Bombay Stock Exchange data pp. 339-355: Henk Berkman and Venkat Eleswarapu

Ex dividend day stock price behavior: discreteness or tax-induced clienteles? pp. 127-159: Rakesh Bali and Gailen L. Hite
Why do stock prices drop by less than the value of the dividend? Evidence from a country without taxes pp. 161-188: Murray Frank and Ravi Jagannathan
The impact of contingent liability on commercial bank risk taking pp. 189-218: Benjamin C. Esty
Managerial compensation and the threat of takeover pp. 219-239: Anup Agrawal and Charles R. Knoeber

Ancient redwoods and the politics of finance: the hostile takeover of the Pacific Lumber Company pp. 3-53: Harry DeAngelo and Linda DeAngelo
Risk management, capital budgeting, and capital structure policy for financial institutions: an integrated approach pp. 55-82: Kenneth Froot and Jeremy Stein
Why firms issue convertible bonds: the matching of financial and real investment options pp. 83-102: David Mayers
Ownership structure, investment, and the corporate value: an empirical analysis pp. 103-121: Myeong-Hyeon Cho
The financial performance of reverse leveraged buyouts pp. 123-123: Robert W. Holthausen and David F. Larcker

Editorial pp. 263-263: Unknown
Transactions costs and investment style: an inter-exchange analysis of institutional equity trades pp. 265-292: Donald Keim and Ananth Madhavan
A cross-exchange comparison of execution costs and information flow for NYSE-listed stocks pp. 293-319: Hendrik Bessembinder and Herbert M. Kaufman
Board structure and fee-setting in the U.S. mutual fund industry pp. 321-355: Peter Tufano and Matthew Sevick
A multibeta representation theorem for linear asset pricing theories pp. 357-381: Sanjay Nawalkha
Bounds on contingent claims based on several assets pp. 383-400: Phelim P. Boyle and X. Sheldon Lin

Editorial pp. 133-133: Unknown
Capital market frictions and the role of internal capital markets in banking pp. 135-164: Joel Houston, Christopher James and David Marcus
CEO turnover and outside succession A cross-sectional analysis pp. 165-197: Robert Parrino
Do strategic alliances create value? pp. 199-221: Han Chan Su, John W. Kensinger, Arthur J. Keown and John D. Martin
Why underwrite rights offerings? Some new evidence pp. 223-261: B[oslash]hren, [Oslash]yvind, Bjorn Eckbo and Dag Michalsen

Editorial pp. 1-1: Unknown
Why is there a home bias? An analysis of foreign portfolio equity ownership in Japan pp. 3-28: Jun-Koo Kang and René Stulz
Corporate restructuring during performance declines in Japan pp. 29-65: Jun-Koo Kang and Anil Shivdasani
Negative option values are possible: The impact of Treasury bond futures on the cash U.S. Treasury market pp. 67-102: Bradford Jordan and David R. Kuipers
Return autocorrelation and institutional investors pp. 103-131: Richard W. Sias and Laura T. Starks

Analyzing investments whose histories differ in length pp. 285-331: Robert Stambaugh
Share price and mortality: An empirical evaluation of newly listed Nasdaq stocks pp. 333-363: P. J. Seguin and M. M. Smoller
Market microstructure and securities values: Evidence from the Tel Aviv Stock Exchange pp. 365-390: Yakov Amihud, Haim Mendelson and Beni Lauterbach
Underpricing, ownership and control in initial public offerings of equity securities in the UK pp. 391-413: Michael Brennan and J. Franks

The determinants of organizational form changes: evidence and implications from real estate pp. 169-192: Aswath Damodaran, Kose John and Crocker H. Liu
Ownership structure and top executive turnover pp. 193-221: David J. Denis, Diane K. Denis and Atulya Sarin
Executive stock ownership and performance Tracking faint traces pp. 223-255: Claudio Loderer and Kenneth Martin
Corporate focus and value creation Evidence from spinoffs pp. 257-281: Lane Daley, Vikas Mehrotra and Ranjini Sivakumar

Symposium on market microstructure: Focus on Nasdaq pp. 3-8: G. Schwert
The degree of price resolution and equity trading costs pp. 9-34: Hendrik Bessembinder
Bid-ask spreads and the avoidance of odd-eighth quotes on Nasdaq: An examination of exchange listings pp. 35-60: Michael J. Barclay
Nasdaq market structure and spread patterns pp. 61-89: Eugene Kandel and Leslie Marx
Limit orders and the alleged Nasdaq collusion pp. 91-95: Harold Demsetz
Do institutions receive comparable execution in the NYSE and Nasdaq markets? A transaction study of block trades pp. 97-134: Michele LaPlante and Chris J. Muscarella
The importance of firm quotes and rapid executions: Evidence from the January 1994 SOES rules change pp. 135-166: Jeffrey Harris and Paul H. Schultz

Ownership and operating performance of companies that go public pp. 281-307: Wayne H. Mikkelson, M. Megan Partch and Kshitij Shah
On biases in tests of the expectations hypothesis of the term structure of interest rates pp. 309-348: Geert Bekaert, Robert Hodrick and David Marshall
Investor behavior in mass privatization: The case of the Czech voucher scheme pp. 349-396: Archana Hingorani, Kenneth Lehn and Anil K. Makhija
Investment in technological innovations: An option pricing approach pp. 397-416: Steven R. Grenadier and Allen M. Weiss

Book-to-market, dividend yield, and expected market returns: A time-series analysis pp. 169-203: S. P. Kothari and Jay Shanken
The decline of takeovers and disciplinary managerial turnover pp. 205-228: Wayne H. Mikkelson and M. Megan Partch
Inside directors, board effectiveness, and shareholder wealth pp. 229-250: Stuart Rosenstein and Jeffrey G. Wyatt
An empirical examination of basic valuation models for plain vanilla U.S. interest rate swaps pp. 251-277: Bernadette A. Minton

Guaranty funds and risk-taking Evidence from the insurance industry pp. 3-24: Soon-Jae Lee, David Mayers and Clifford W. Smith
Organizational form and risk taking in the savings and loan industry pp. 25-55: Benjamin C. Esty
A case study of organizational form and risk shifting in the savings and loan industry pp. 57-76: Benjamin C. Esty
On the measurement of Tobin's q pp. 77-122: Wilbur G. Lewellen and S. G. Badrinath
An alternative valuation model for contingent claims pp. 123-165: Gurdip S. Bakshi and Zhiwu Chen