Journal of Financial Economics

1974 - 2025

Current editor(s): G. William Schwert

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

Access Statistics for this journal.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

Volume 28, issue 1-2, 1990

Editorial data pp. 1-1

Michael C. Jensen, John Long, Richard S. Ruback, G. William Schwert, Clifford Smith and Jerold B. Warner

Editorial pp. 3-5

Michael Jensen, John Long, Richard S. Ruback, G. Schwert, Clifford Smith, Jerold B. Warner and Eugene Fama

Posterior, predictive, and utility-based approaches to testing the arbitrage pricing theory pp. 7-38

Robert McCulloch and Peter Rossi

Dividend capture in NASDAQ stocks pp. 39-65

Jonathan Karpoff and Ralph A. Walkling

Price reversals *1: Bid-ask errors or market overreaction? pp. 67-93

Gautam Kaul and M. Nimalendran

Dividend yield and expected returns *1: The zero-dividend puzzle pp. 95-125

William Christie

Market microstructure and asset pricing: An empirical investigation of NYSE and NASDAQ securities pp. 127-147

Marc R. Reinganum

Borrowing relationships, intermediation, and the cost of issuing public securities pp. 149-171

Christopher James and Peggy Wier

A comparative analysis of IPO proceeds under alternative regulatory environments pp. 173-207

Lawrence M. Benveniste and William J. Wilhelm

Investment-banking contracts in tender offers: An empirical analysis pp. 209-232

Robyn M. McLaughlin

Wealth effects of regulatory reform *1: The reaction to California's proposition 103 pp. 233-250

Joseph A. Fields, Chinmoy Ghosh, David S. Kidwell and Linda S. Klein

An analysis of exchangeable debt offers pp. 251-263

Chinmoy Ghosh, Raj Varma and J. Randall Woolridge

Volume 27, issue 2, 1990

Bankruptcy resolution: Direct costs and violation of priority of claims pp. 285-314

Lawrence A. Weiss

Troubled debt restructurings*1: An empirical study of private reorganization of firms in default pp. 315-353

Stuart C. Gilson, Kose John and Larry Lang

Bankruptcy, boards, banks, and blockholders: Evidence on changes in corporate ownership and control when firms default pp. 355-387

Stuart C. Gilson

Outside directorships and corporate performance pp. 389-410

Steven Kaplan and David Reishus

Is corporate bankruptcy efficient? pp. 411-417

Frank H. Easterbrook

Financial distress, reorganization, and organizational efficiency pp. 419-444

Karen Hopper Wruck

The role of venture capital in the creation of public companies*1: Evidence from the going-public process pp. 447-471

Christopher B. Barry, Chris J. Muscarella, John Peavy and Michael R. Vetsuypens

The structure and governance of venture-capital organizations pp. 473-521

William A. Sahlman

ESOPs and corporate control pp. 525-555

Lilli A. Gordon and John Pound

Consolidating corporate control*1: Dual-class recapitalizations versus leveraged buyouts pp. 557-580

Kenneth Lehn, Jeffry Netter and Annette Poulsen

Corporate governance through statistical eyes pp. 581-593

Leo Herzel

Additional evidence on equity ownership and corporate value pp. 595-612

John J. McConnell and Henri Servaes

Volume 27, issue 1, 1990

Preface pp. 1-3

Michael Jensen and Richard S. Ruback

Political and legal restraints on ownership and control of public companies pp. 7-41

Mark Roe

Institutional investment patterns and corporate financial behavior in the United States and Japan pp. 43-66

Stephen D. Prowse

The role of banks in reducing the costs of financial distress in Japan pp. 67-88

Takeo Hoshi, Anil Kashyap and David Scharfstein

Subordination of American capital pp. 89-114

Joseph A. Grundfest

Voluntary restructuring: The case of General Mills pp. 117-141

Gordon Donaldson

Corporate ownership structure and performance *1: The case of management buyouts pp. 143-164

Abbie J. Smith

The effects of leveraged buyouts on productivity and related aspects of firm behavior pp. 165-194

Frank Lichtenberg and Donald Siegel

Event risk, covenants, and bondholder returns in leveraged buyouts pp. 195-213

Paul Asquith and Thierry A. Wizman

How risky is the debt in highly leveraged transactions? pp. 215-245

Steven Kaplan and Jeremy Stein

Consequences of leveraged buyouts pp. 247-262

Krishna G. Palepu

Do union wealth concessions explain takeover premiums?: The evidence on contract wages pp. 263-282

Joshua G. Rosett

Volume 26, issue 2, 1990

Outside directors, board independence, and shareholder wealth pp. 175-191

Stuart Rosenstein and Jeffrey G. Wyatt

Bayesian inference in asset pricing tests pp. 221-254

Campbell Harvey and Guofu Zhou

Corporate research and development expenditures and share value pp. 255-276

Su Han Chan, John D. Martin and John W. Kensinger

Plant-closing decisions and the market value of the firm pp. 277-288

David W. Blackwell, M. Wayne Marr and Michael F. Spivey

The role of financial innovation in raising capital Evidence from deep discount debt offers pp. 289-298

Raj Varma and Donald R. Chambers

Volume 26, issue 1, 1990

Managerial discretion and optimal financing policies pp. 3-27

René Stulz

The numeraire portfolio pp. 29-69

John Long

Large-block transactions, the speed of response, and temporary and permanent stock-price effects pp. 71-95

Robert W. Holthausen, Richard W. Leftwich and David Mayers

The valuation of options on yields pp. 97-121

Francis Longstaff

The seemingly anomalous price behavior of Royal Dutch/Shell and Unilever N.V./PLC pp. 123-141

Leonard Rosenthal and Colin Young

Information effects in financial distress: The case of Seabrook Station pp. 143-171

Fred R. Kaen and Hassan Tehranian

Volume 25, issue 2, 1989

Editorial data pp. 161-161

Michael C. Jensen, John Long, Richard S. Ruback, G. William Schwert, Clifford Smith and Jerold B. Warner

Organizational changes and value creation in leveraged buyouts: The case of the O.M. Scott & Sons Company pp. 163-190

George P. Baker and Karen H. Wruck

Campeau's acquisition of federated: Value destroyed or value added pp. 191-212

Steven Kaplan

Financial innovation and first-mover advantages pp. 213-240

Peter Tufano

Management turnover and financial distress pp. 241-262

Stuart C. Gilson

Managers' voting rights and corporate control pp. 263-290

Wayne H. Mikkelson and M. Megan Partch

The wealth effects of second-generation state takeover legislation pp. 291-322

Jonathan Karpoff and Paul Malatesta

Drawing inferences from statistics based on multiyear asset returns pp. 323-348

Matthew Richardson and James H. Stock

The information content of equity-for-debt swaps: An investigation of analyst forecasts of firm cash flows pp. 349-370

Ronen Israel, Aharon R. Ofer and Daniel R. Siegel

Private benefits from control of public corporations pp. 371-395

Michael J. Barclay and Clifford G. Holderness

Volume 25, issue 1, 1989

Editorial data pp. 1-1

Michael C. Jensen, John Long, G. William Schwert, Clifford Smith and Jerold B. Warner

A Markov model of heteroskedasticity, risk, and learning in the stock market pp. 3-22

Christopher M. Turner, Richard Startz and Charles Nelson

Business conditions and expected returns on stocks and bonds pp. 23-49

Eugene F. Fama and Kenneth French

Nonstationary expected returns: Implications for tests of market efficiency and serial correlation in returns pp. 51-74

Ray Ball and S. P. Kothari

Trading patterns, bid-ask spreads, and estimated security returns: The case of common stocks at calendar turning points pp. 75-97

Donald Keim

Further evidence on the bank lending process and the capital-market response to bank loan agreements pp. 99-122

Scott L. Lummer and John J. McConnell

Management entrenchment: The case of manager-specific investments pp. 123-139

Andrei Shleifer and Robert Vishny

Share repurchase through transferable put rights: Theory and case study pp. 141-160

Jayant R. Kale, Thomas Noe and Gerald D. Gay