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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Editorial data pp. 303-303: Michael C. Jensen
Theory of the firm: Managerial behavior, agency costs and ownership structure pp. 305-360: Michael Jensen and William H. Meckling
Forward rates as predictors of future spot rates pp. 361-377: Eugene F. Fama
Capital market seasonality: The case of stock returns pp. 379-402: Michael S. Rozeff and William Kinney
An algebra for evaluating hedge portfolios pp. 403-427: Mark B. Garman

Editorial data pp. 181-181: Michael C. Jensen
Corporate pension funding policy pp. 183-193: William Sharpe
The pricing of equity-linked life insurance policies with an asset value guarantee pp. 195-213: Michael Brennan and Eduardo S. Schwartz
The effect of estimation risk on optimal portfolio choice pp. 215-231: Roger Klein and Vijay S. Bawa
Sharing rules and equilibrium in an international capital market under uncertainty pp. 233-256: Frederick L. A. Grauer, Robert H. Litzenberger and Richard E. Stehle
Market microstructure pp. 257-275: Mark B. Garman
Explicit solutions to some single-period investment problems for risky log-stable stocks pp. 277-294: B. W. Stuck
Comment on Chen, Kim and Kon pp. 295-296: George Constantinides
Cash demand, liquidation costs, and capital market equilibrium under uncertainty: Reply pp. 297-298: Andrew H. Chen, E. Han Kim and Stanley J. Kon
Cash management: An inventory control limit approach: Richard Homonoff and David Wiley Mullins, Jr., (D.C. Heath, Lexington, 1975) pp. xv + 104 pp. 299-300: George Constantinides

Editorial data pp. 1-1: Michael C. Jensen
Option pricing: A review pp. 3-51: Clifford Smith
The option pricing model and the risk factor of stock pp. 53-81: Dan Galai and Ronald Masulis
A theoretical and empirical investigation of the dual purpose funds: An application of contingent-claims analysis pp. 83-123: Jonathan Ingersoll
Option pricing when underlying stock returns are discontinuous pp. 125-144: Robert Merton
The valuation of options for alternative stochastic processes pp. 145-166: John C. Cox and Stephen Ross
The pricing of commodity contracts pp. 167-179: Fischer Black

Bank funds management in an efficient market pp. 323-339: Fischer Black
Capital asset prices versus time series models as predictors of inflation: The expected real rate of interest and market efficiency pp. 341-360: Patrick J. Hess and James L. Bicksler
Prediction of return with the minimum variance zero-beta portfolio pp. 361-376: I. G. Morgan
A note on default risk, leverage and the MM theorem pp. 377-381: R. C. Stapleton

Editorial data pp. 233-233: Michael C. Jensen
Price performance of common stock new issues pp. 235-272: Roger G. Ibbotson
Motivating managers to make investment decisions pp. 273-292: Donald G. Heckerman
Cash demand, liquidation costs and capital market equilibrium under uncertainty pp. 293-308: Andrew H. Chen, E. Han Kim and Stanley J. Kon
Delayed risks and risk premiums pp. 309-320: Philippe Caperaa and Louis Eeckhoudt

Editorial data pp. 123-123: Michael C. Jensen
SEC product-line reporting and market efficiency pp. 125-164: Daniel W. Collins
Choice over asset economies: Default risk and corporate leverage pp. 165-185: Frank Milne
Optimal consumption, portfolio and life insurance rules for an uncertain lived individual in a continuous time model pp. 187-203: Scott F. Richard
Stochastic dominance and portfolio analysis pp. 205-229: Mukhtar M. Ali

On the optimality of international capital market integration pp. 3-28: Marti G. Subrahmanyam
Seasonality in Australian capital markets: Market efficiency and empirical issues pp. 29-51: R. R. Officer
Information accuracy and social welfare under homogeneous beliefs pp. 53-70: David S. Ng
Uncertainty, competition, and costs in corporate bond underwriting pp. 71-94: Louis H. Ederington
Optimal rules for ordering uncertain prospects pp. 95-121: Vijay S. Bawa

Risk and return: The case of merging firms pp. 303-335: Gershon Mandelker
International capital market equilibrium with investment barriers pp. 337-352: Fischer Black
Determinants of bid-asked spreads in the over-the-counter market pp. 353-364: George J. Benston and Robert L. Hagerman
A note on diversification and the reduction of dispersion pp. 365-372: K. H. Johnson and D. S. Shannon

Convergence to isoelastic utility and policy in multiperiod portfolio choice pp. 201-224: Nils H. Hakansson
An aggregation theorem for securities markets pp. 225-244: Mark Rubinstein
Money and stock prices: Market efficiency and the lag in effect of monetary policy pp. 245-302: Michael S. Rozeff

Transactions costs and the relationship between put and call prices pp. 105-129: J. P. Gould and D. Galai
Stock prices, inflation, and the term structure of interest rates pp. 131-170: John Long
Portfolio turnpike theorems for constant policies pp. 171-198: Stephen Ross

The effects of dividend yield and dividend policy on common stock prices and returns pp. 1-22: Fischer Black and Myron Scholes
Portfolio theory, job choice and the equilibrium structure of expected wages pp. 23-42: David Mayers
Tests of the multiperiod two-parameter model pp. 43-66: Eugene F. Fama and James D. MacBeth
Fallacy of the log-normal approximation to optimal portfolio decision-making over many periods pp. 67-94: Robert Merton and Paul Samuelson
Comment on Merton and Samuelson pp. 95-95: Nils H. Hakansson
A negative report on the `near optimality' of the max-expected-log policy as applied to bounded utilities for long lived programs pp. 97-103: M. Barry Goldman