Journal of Financial Economics

1974 - 2025

Current editor(s): G. William Schwert

From Elsevier
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Volume 43, issue 3, 1997

Measuring long-horizon security price performance pp. 301-339

S. P. Kothari and Jerold B. Warner

Detecting long-run abnormal stock returns: The empirical power and specification of test statistics pp. 341-372

Brad Barber and John D. Lyon

Mutual fund styles pp. 373-399

Stephen Brown and William Goetzmann

Vulture investors and the market for control of distressed firms pp. 401-432

Edith S. Hotchkiss and Robert M. Mooradian

Valuation uncertainty, institutional involvement, and the underpricing of IPOs: The case of REITs pp. 433-456

David Ling and Michael Ryngaert

Volume 43, issue 2, 1997

Industry costs of equity pp. 153-193

Eugene Fama and Kenneth French

Do independent directors enhance target shareholder wealth during tender offers? pp. 195-218

James F. Cotter, Anil Shivdasani and Marc Zenner

Spinoffs and wealth transfers: The Marriott case pp. 241-274

Robert Parrino

Privatization and efficiency: Industry effects of the sale of British Airways pp. 275-298

Catherine Eckel, Doug Eckel and Vijay Singal

Volume 43, issue 1, 1997

Returns to contrarian investment strategies: Tests of naive expectations hypotheses pp. 3-27

Patricia M. Dechow and Richard G. Sloan

Emerging equity market volatility pp. 29-77

Geert Bekaert and Campbell Harvey

The complexity of compensation contracts pp. 79-104

Stacey R. Kole

Layoffs and underwritten rights offers pp. 105-130

Ajai K. Singh

The effects of equity issues on ownership structure and stock liquidity: A comparison of rights and public offerings pp. 131-148

Meeta Kothare

Volume 42, issue 3, 1996

The financial performance of reverse leveraged buyouts pp. 293-332

Robert W. Holthausen and David F. Larcker

Leasing and credit risk pp. 333-364

Steven R. Grenadier

Corporate governance and shareholder initiatives: Empirical evidence pp. 365-395

Jonathan Karpoff, Paul Malatesta and Ralph A. Walkling

Market timing ability and volatility implied in investment newsletters' asset allocation recommendations pp. 397-421

John R. Graham and Campbell Harvey

Volume 42, issue 2, 1996

Timing, investment opportunities, managerial discretion, and the security issue decision pp. 159-185

Kooyul Jung, Kim Yong-Cheol and René Stulz

Proxies for the corporate marginal tax rate pp. 187-221

John R. Graham

Price stabilization as a bonding mechanism in new equity issues pp. 223-255

Lawrence M. Benveniste, Walid Y. Busaba and William J. Wilhelm

Investor valuation of the abandonment option pp. 257-287

Philip G. Berger, Eli Ofek and Itzhak Swary

Volume 42, issue 1, 1996

Stock splits: Signaling or liquidity? The case of ADR 'solo-splits' pp. 3-26

Chris J. Muscarella and Michael R. Vetsuypens

Modeling the conditional distribution of interest rates as a regime-switching process pp. 27-62

Stephen F. Gray

Discriminatory versus uniform Treasury auctions: Evidence from when-issued transactions pp. 63-104

Kjell Nyborg and Suresh Sundaresan

Exchange rate variability and the riskiness of U.S. multinational firms: Evidence from the breakdown of the Bretton Woods system pp. 105-132

Eli Bartov, Gordon Bodnar and Aditya Kaul

Grandstanding in the venture capital industry pp. 133-156

Paul Gompers

Volume 41, issue 3, 1996

Dealer versus auction markets: A paired comparison of execution costs on NASDAQ and the NYSE pp. 313-357

Roger D. Huang and Hans Stoll

Detecting abnormal operating performance: The empirical power and specification of test statistics pp. 359-399

Brad Barber and John D. Lyon

Commonality in the determinants of expected stock returns pp. 401-439

Robert A. Haugen and Nardin L. Baker

Market microstructure and asset pricing: On the compensation for illiquidity in stock returns pp. 441-464

Michael Brennan and Avanidhar Subrahmanyam

Why Nasdaq market makers avoid odd-eighth quotes pp. 465-474

Paul E. Godek

Perceptions and the politics of finance: Junk bonds and the regulatory seizure of First Capital Life pp. 475-511

Harry DeAngelo, Linda DeAngelo and Stuart C. Gilson

Volume 41, issue 2, 1996

Markup pricing in mergers and acquisitions pp. 153-192

G. Schwert

The impact of industry shocks on takeover and restructuring activity pp. 193-229

Mark Mitchell and J. Harold Mulherin

The pricing of convertible debt offerings pp. 231-248

Kang Jun-Koo and Yul W. Lee

Time-varying risk premia, volatility, and technical trading rule profits: Evidence from foreign currency futures markets pp. 249-290

Kho Bong-Chan

Ownership dispersion, costly information, and IPO underpricing pp. 291-310

James R. Booth and Lena Chua

Volume 41, issue 1, 1996

The structure of mutual fund charges pp. 3-39

Tarun Chordia

Debt and the marginal tax rate pp. 41-73

John R. Graham

The term structure of interest rates in a pure exchange economy with heterogeneous investors pp. 75-110

Wang Jiang

The market's response to recurring events The case of stock splits pp. 111-127

Eugene Pilotte and Timothy Manuel

Order characteristics and stock price evolution An application to program trading pp. 129-149

Joel Hasbrouck

Volume 40, issue 3, 1996

Reversal of fortune Dividend signaling and the disappearance of sustained earnings growth pp. 341-371

Harry DeAngelo, Linda DeAngelo and Douglas J. Skinner

Commercial banks in investment banking Conflict of interest or certification role? pp. 373-401

Manju Puri

Top management turnover An empirical investigation of mutual fund managers pp. 403-427

Ajay Khorana

Is there a pecking order? Evidence from a panel of IPO firms pp. 429-458

Jean Helwege and Nellie Liang

An empirical analysis of strategic competition and firm values The case of R&D competition pp. 459-486

Anant K. Sundaram, Teresa A. John and Kose John

Volume 40, issue 2, 1996

Higher market valuation of companies with a small board of directors pp. 185-211

David Yermack

Business conditions, monetary policy, and expected security returns pp. 213-237

Gerald R. Jensen, Jeffrey M. Mercer and Robert R. Johnson

Active investors and management turnover following unsuccessful control contests pp. 239-266

David J. Denis and Jan M. Serrano

The influence of professional investors on the failure of management buyout attempts pp. 267-294

Sarah W. Peck

A generalized model for testing the home and favorite team advantage in point spread markets pp. 295-318

William H. Dare and S. Scott MacDonald

A requiem for the USA Is small shareholder monitoring effective? pp. 319-338

Deon Strickland, Kenneth W. Wiles and Marc Zenner

Volume 40, issue 1, 1996

Leverage, investment, and firm growth pp. 3-29

Larry Lang, Eli Ofek and René Stulz

The distorting effect of the prudent-man laws on institutional equity investments pp. 31-62

Diane Del Guercio

Firm-specific information and the correlation between individual stocks and bonds pp. 63-80

Simon Kwan

Factors affecting the number of outside directorships held by CEOs pp. 81-104

James R. Booth and Daniel N. Deli

An empirical examination of information, differences of opinion, and trading activity pp. 105-134

Hendrik Bessembinder, Kalok Chan and Paul J. Seguin

An empirical analysis of prepackaged bankruptcies pp. 135-162

Elizabeth Tashjian, Ronald C. Lease and John J. McConnell

Hostile takeovers and the correction of managerial failure pp. 163-181

Julian Franks and Colin Mayer