Journal of Financial Economics

1974 - 2025

Current editor(s): G. William Schwert

From Elsevier
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Volume 21, issue 2, 1988

Editorial pp. 145-145

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

Editorial data pp. 147-147

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

Earnings information conveyed by dividend initiations and omissions pp. 149-175

Paul M. Healy and Krishna G. Palepu

Some tests of international equity integration pp. 177-212

Simon Wheatley

The empirical foundations of the arbitrage pricing theory pp. 213-254

Bruce N. Lehmann and David M. Modest

Risk and return in an equilibrium APT: Application of a new test methodology pp. 255-289

Gregory Connor and Robert Korajczyk

Short-term trading around ex-dividend days: Additional evidence pp. 291-298

Jonathan Karpoff and Ralph A. Walkling

Volume 21, issue 1, 1988

Editorial data pp. 1-1

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

Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms pp. 3-40

Michael Bradley, Anand Desai and E. Han Kim

The information in forward rates: Implications for models of the term structure pp. 41-70

Robert Stambaugh

Estimating the components of the bid/ask spread pp. 123-142

Lawrence R. Glosten and Lawrence E. Harris

Volume 20, issue 1-2, 1988

Editorial data pp. 1-1

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

The distribution of power among corporate managers, shareholders, and directors pp. 3-24

Michael Jensen and Jerold B. Warner

Managerial control of voting rights: Financing policies and the market for corporate control pp. 25-54

René Stulz

Corporate control contests and capital structure pp. 55-86

Milton Harris and Artur Raviv

Corporate financial policy and corporate control: A study of defensive adjustments in asset and ownership structure pp. 87-127

Larry Y. Dann and Harry DeAngelo

Dual-class recapitalizations as antitakeover mechanisms: The recent evidence pp. 129-152

Gregg A. Jarrell and Annette B. Poulsen

Coercive dual-class exchange offers pp. 153-173

Richard S. Ruback

One share-one vote and the market for corporate control pp. 175-202

Sanford Grossman and Oliver Hart

Corporate governance: Voting rights and majority rules pp. 203-235

Milton Harris and Artur Raviv

Proxy contests and the efficiency of shareholder oversight pp. 237-265

John Pound

Ownership structure and voting on antitakeover amendments pp. 267-291

James A. Brickley, Ronald C. Lease and Clifford Smith

Management ownership and market valuation: An empirical analysis pp. 293-315

Randall Morck, Andrei Shleifer and Robert Vishny

The role of majority shareholders in publicly held corporations: An exploratory analysis pp. 317-346

Clifford G. Holderness and Dennis P. Sheehan

Poison pill securities: Stockholder wealth, profitability, and ownership structure pp. 347-376

Paul Malatesta and Ralph A. Walkling

The effect of poison pill securities on shareholder wealth pp. 377-417

Michael Ryngaert

Investors' perceptions of the Delaware Supreme Court decision in Unocal v. Mesa pp. 419-430

Sreenivas Kamma, Joseph Weintrop and Peggy Wier

Outside directors and CEO turnover pp. 431-460

Michael Weisbach

Stock prices and top management changes pp. 461-492

Jerold B. Warner, Ross Watts and Karen H. Wruck

Targeted share repurchases and top management changes pp. 493-506

April Klein and James Rosenfeld

Volume 19, issue 2, 1987

Editorial data pp. 193-193

Michael C. Jensen, John Long, Clifford Smith, ReneM. Stulz and Jerold B. Warner

A Bayesian approach to testing portfolio efficiency pp. 195-215

Jay Shanken

Some evidence on the uniqueness of bank loans pp. 217-235

Christopher James

The effect of large block transactions on security prices: A cross-sectional analysis pp. 237-267

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

The costs of going public pp. 269-281

Jay Ritter

Two-tier and negotiated tender offers: The imprisonment of the free-riding shareholder pp. 283-310

Robert Comment and Gregg A. Jarrell

Voluntary corporate liquidations pp. 311-328

E. Han Kim and John D. Schatzberg

Option values under stochastic volatility: Theory and empirical estimates pp. 351-372

James B. Wiggins

Semi-parametric upper bounds for option prices and expected payoffs pp. 373-387

Andrew Lo

Subperiod aggregation and the power of multivariate tests of portfolio efficiency pp. 389-394

Michael R. Gibbons and Jay Shanken

Volume 19, issue 1, 1987

Editorial data pp. 1-1

Michael C. Jensen, John Long, Clifford Smith, ReneM. Stulz and Jerold B. Warner

Expected stock returns and volatility pp. 3-29

Kenneth French, G. Schwert and Robert Stambaugh

Dividends, taxes, and common stock prices: The ex-dividend day behavior of common stock prices before the income tax pp. 31-44

Michael J. Barclay

The determinants of yields on financial leasing contracts pp. 45-67

James S. Schallheim, Ramon E. Johnson, Ronald C. Lease and John J. McConnell

Price, trade size, and information in securities markets pp. 69-90

David Easley and Maureen O'Hara

Convertible call policies: An empirical analysis of an information-signaling hypothesis pp. 91-108

Aharon R. Ofer and Ashok Natarajan

Firm value and seasoned equity issues: Price pressure, wealth redistribution, or negative information pp. 109-126

Avner Kalay and Adam Shimrat

Shark repellents and stock prices: The effects of antitakeover amendments since 1980 pp. 127-168

Gregg A. Jarrell and Annette B. Poulsen

Testing for market timing ability: A framework for forecast evaluation pp. 169-189

Robert Cumby and David M. Modest

Volume 18, issue 2, 1987

Editorial data pp. 195-195

Michael C. Jensen, John Long, Clifford Smith, ReneM. Stulz and Jerold B. Warner

The distribution of earnings news over time and seasonalities in aggregate stock returns pp. 199-228

Stephen H. Penman

The market for interfirm asset sales: Partial sell-offs and total liquidations pp. 229-252

Gailen L. Hite, James E. Owers and Ronald C. Rogers

Stock returns and inflation: The role of the monetary sector pp. 253-276

Gautam Kaul

Constraints on short-selling and asset price adjustment to private information pp. 277-311

Douglas Diamond and Robert E. Verrecchia

The creation of a class of limited voting common stock and shareholder wealth pp. 313-339

M. Megan Partch

On multivariate tests of the CAPM pp. 341-371

A. Craig MacKinlay

Stock returns and the term structure pp. 373-399

John Campbell

The choice of organizational form The case of franchising pp. 401-420

James A. Brickley and Frederick H. Dark

Volume 18, issue 1, 1987

Editorial data pp. 1-1

Michael C. Jensen, John Long, Clifford Smith, ReneM. Stulz and Jerold B. Warner

Time to build, option value, and investment decisions pp. 7-27

Saman Majd and Robert Pindyck

Changes in ownership structure: Conversions of mutual savings and loans to stock charter pp. 29-59

Ronald Masulis

On correlations and inferences about mean-variance efficiency pp. 61-90

Shmuel Kandel and Robert Stambaugh

Multivariate proxies and asset pricing relations: Living with the Roll critique pp. 91-110

Jay Shanken

An empirical analysis of the incentives to engage in costly information acquisition: The case of risk arbitrage pp. 111-126

David F. Larcker and Thomas Lys

Non-stationarity and stage-of-the-business-cycle effects in consumption-based asset pricing relations pp. 127-146

Wayne E. Ferson and John Merrick

The wealth effects of company initiated management changes pp. 147-160

Eugene P. H. Furtado and Michael S. Rozeff

A monthly effect in stock returns pp. 161-174

Robert A. Ariel

An analysis of gains to acquiring firm's shareholders: The special case of REITs pp. 175-184

Paul R. Allen and C. F. Sirmans

The monotonicity of the term premium: A closer look pp. 185-192

J. Huston McCulloch