Journal of Financial Economics

1974 - 2025

Current editor(s): G. William Schwert

From Elsevier
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Asset pricing and the bid-ask spread pp. 223-249: Yakov Amihud and Haim Mendelson
The valuation of floating-rate instruments: Theory and evidence pp. 251-272: Krishna Ramaswamy and Suresh M. Sundaresan
Compensation and wealth transfers in the French nationalizations 1981-1982 pp. 273-312: Herwig Langohr and Claude J. Viallet
A test of dividend irrelevance using volume reactions to a change in dividend policy pp. 313-333: Gordon Richardson, Stephan E. Sefcik and Rex Thompson
Empirical determinants of the relative yields on taxable and tax-exempt securities pp. 335-355: Stephen A. Buser and Patrick J. Hess
Predicting returns in the stock and bond markets pp. 357-390: Donald Keim and Robert Stambaugh
Return seasonality and tax-loss selling in the market for long-term government and corporate bonds pp. 391-415: Eric C. Chang and J. Michael Pinegar

Editorial data pp. 3-3: Michael C. Jensen, John Long, G. William Schwert, Clifford Smith and ReneM. Stulz
Stock return variances: The arrival of information and the reaction of traders pp. 5-26: Kenneth French and Richard Roll
Modeling the term structure of interest rates under non-separable utility and durability of goods pp. 27-55: Kenneth B. Dunn and Kenneth Singleton
The effect of bond rating changes on common stock prices pp. 57-89: Robert W. Holthausen and Richard W. Leftwich
The valuation of American call options and the expected ex-dividend stock price decline pp. 91-111: Giovanni Barone-Adesi and Robert E. Whaley
Event study methodologies and the size effect: The case of UK press recommendations pp. 113-142: Elroy Dimson and Paul Marsh
Statistical tests of contingent-claims asset-pricing models: A new methodology pp. 143-173: Andrew Lo
Term premiums and default premiums in money markets pp. 175-196: Eugene F. Fama
Day-of-the-week and intraday effects in stock returns pp. 197-210: Michael Smirlock and Laura Starks
The equity premium and the concentration of aggregate shocks pp. 211-219: N. Gregory Mankiw

Tax-induced trading around ex-dividend days pp. 287-319: Josef Lakonishok and Theo Vermaelen
Valuing debt options: Empirical evidence pp. 321-343: Bruce Dietrich-Campbell and Eduardo Schwartz
Access to deposit insurance, insolvency rules and the stock returns of financial institutions pp. 345-371: James A. Brickley and Christopher James
General equilibrium properties of the term structure of interest rates pp. 389-410: Simon Benninga and Aris Protopapadakis

Editorial data pp. 141-141: Michael C. Jensen, John Long, G. William Schwert, Clifford Smith and ReneM. Stultz
Corporate mergers and security returns pp. 143-187: Debra K. Dennis and John J. McConnell
Insiders' profits, costs of trading, and market efficiency pp. 189-212: H. Nejat Seyhun
A theory of price limits in futures markets pp. 213-233: Michael Brennan
An empirical investigation of calls of non-convertible bonds pp. 235-265: Joseph Vu
The puzzling price behavior of treasury bills that mature at the turn of calendar months pp. 267-283: Sang Yong Park and Marc R. Reinganum

Editorial data pp. 1-1: Michael C. Jensen, John Long, G. William Schwert, Clifford Smith and ReneM. Stulz
Consumption, production, inflation and interest rates: A synthesis pp. 3-39: Douglas T. Breeden
Implicit delivery options and optimal delivery strategies for financial futures contracts pp. 41-72: Gerald D. Gay and Steven Manaster
Ownership structure and control: The mutualization of stock life insurance companies pp. 73-98: David Mayers and Clifford Smith
A transaction data study of weekly and intradaily patterns in stock returns pp. 99-117: Lawrence Harris
The effect of the Bankruptcy Reform Act of 1978 on small business loan pricing pp. 119-140: Jonathan A. Scott and Terence C. Smith

Editorial data pp. 283-283: Michael C. Jensen, John Long, G. William Schwert, Clifford Smith and ReneM. Stulz
Unanticipated inflation and the value of the firm pp. 285-321: Victor L. Bernard
Calculating the market value of riskless cash flows pp. 323-339: Richard S. Ruback
Unbiased estimation of the Black/Scholes formula pp. 341-357: J. Butler and Barry Schachter
Non-trading, market making, and estimates of stock price volatility pp. 359-372: Terry A. Marsh and Eric R. Rosenfeld
Performance measurement with the arbitrage pricing theory: A new framework for analysis pp. 373-394: Gregory Connor and Robert Korajczyk
The market valuation of cash dividends: The citizens utilities case reconsidered pp. 395-405: James Poterba

Preface pp. 1-2: Michael Jensen and Clifford Smith
Investment banking and the capital acquisition process pp. 3-29: Clifford Smith
Valuation effects of security offerings and the issuance process pp. 31-60: Wayne H. Mikkelson and M. Megan Partch
Equity issues and offering dilution pp. 61-89: Paul Asquith and David Mullins
Seasoned equity offerings: An empirical investigation pp. 91-118: Ronald Masulis and Ashok N. Korwar
Valuation effects of corporate debt offerings pp. 119-151: Bjorn Eckbo
A comparison of equity carve-outs and seasoned equity offerings: Share price effects and corporate restructuring pp. 153-186: Katherine Schipper and Abbie Smith
Why new issues are underpriced pp. 187-212: Kevin Rock
Investment banking, reputation, and the underpricing of initial public offerings pp. 213-232: Randolph P. Beatty and Jay Ritter
Issuing costs to existing shareholders in competitive and negotiated underwritten public utility equity offerings pp. 233-259: Sanjai Bhagat and Peter A. Frost
Capital raising, underwriting and the certification hypothesis pp. 261-281: James R. Booth and Richard Smith