The Review of Financial Studies

1988 - 2025

Current editor(s): Itay Goldstein

From Society for Financial Studies
Oxford University Press, Journals Department, 2001 Evans Road, Cary, NC 27513 USA..
Contact information at EDIRC.
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Volume 10, issue 4, 1997

Trade Credit and Credit Rationing pp. 903-37

Bruno Biais and Christian Gollier

Boom and Bust Patterns in the Adoption of Financial Innovations pp. 939-67

John C Persons and Vincent A Warther

Do Competing Specialists and Preferencing Dealers Affect Market Quality? pp. 969-93

Robert Battalio, Jason Greene and Robert Jennings

The Components of the Bid-Ask Spread: A General Approach pp. 995-1034

Roger D Huang and Hans R Stoll

Why Do Security Prices Change? A Transaction-Level Analysis of NYSE Stocks pp. 1035-64

Ananth Madhavan, Matthew Richardson and Mark Roomans

Communication Costs, Information Acquisition, and Voting Decisions in Proxy Contests pp. 1065-97

Utpal Bhattacharya

Banking Scope and Financial Innovation pp. 1099-1131

Arnoud Boot and Anjan Thakor

Equilibrium Asset Prices and No-Arbitrage with Portfolio Constraints pp. 1133-74

Jerome Detemple and Shashidhar Murthy

Bank Underwriting of Debt Securities: Modern Evidence pp. 1175-1202

Gande, Amar, et al

Why Is Bank Debt Senior? A Theory of Asymmetry and Claim Priority Based on Influence Costs pp. 1203-36

Ivo Welch

Volume 10, issue 3, 1997

Short-Term Interest Rates as Subordinated Diffusions pp. 525-77

Conley, Timothy G, et al

Measuring the Predictable Variation in Stock and Bond Returns pp. 579-630

Chris Kirby

Valuation, Optimal Asset Allocation and Retirement Incentives of Pension Plans pp. 631-60

Suresh Sundaresan and Fernando Zapatero

Trade Credit: Theories and Evidence pp. 661-91

Mitchell Petersen and Raghuram Rajan

Financial System Architecture pp. 693-733

Arnoud Boot and Anjan Thakor

Unconditional and Conditional Takeover Offers: Experimental Evidence pp. 735-66

Jayant R Kale and Thomas Noe

Capital Structure and Product Market Behavior: An Examination of Plant Exit and Investment Decisions pp. 767-803

Dan Kovenock and Gordon Phillips

One Day in the Life of a Very Common Stock pp. 805-35

David Easley, Nicholas Kiefer and Maureen O'Hara

The Threshold Effect in Expected Volatility: A Model Based on Asymmetric Information pp. 837-69

Francois M Longin

Entry, Exit, Market Makers, and the Bid-Ask Spread pp. 871-901

Sunil Wahal

Volume 10, issue 2, 1997

The Performance of Japanese Mutual Funds pp. 237-73

Jun Cai, K C Chan and Takeshi Yamada

Empirical Characteristics of Dynamic Trading Strategies: The Case of Hedge Funds pp. 275-302

William Fung and David A Hsieh

Initial Margin Policy and Stochastic Volatility in the Crude Oil Futures Market pp. 303-32

Theodore E Day and Craig M Lewis

Inferring Future Volatility from the Information in Implied Volatility in Eurodollar Options: A New Approach pp. 333-67

Kaushik I Amin and Victor K Ng

An Exploration of the Forward Premium Puzzle in Currency Markets pp. 369-403

Ravi Bansal

Pricing Mortgage-Backed Securities in a Multifactor Interest Rate Environment: A Multivariate Density Estimation Approach pp. 405-46

Boudoukh, Jacob, et al

The Valuation of Nonsystematic Risks and the Pricing of Swedish Lottery Bonds pp. 447-80

Richard Green and Kristian Rydqvist

A Markov Model for the Term Structure of Credit Risk Spreads pp. 481-523

Robert Jarrow, David Lando and Stuart M Turnbull

Volume 10, issue 1, 1997

Conditional Methods in Event Studies and an Equilibrium Justification for Standard Event-Study Procedures pp. 1-38

N R Prabhala

Debt in Industry Equilibrium pp. 39-67

Steven Fries, Marcus Miller and William Perraudin

Splitting Orders pp. 69-101

Dan Bernhardt and Eric Hughson

Liquidity Provision with Limit Orders and a Strategic Specialist pp. 103-50

Duane J Seppi

Recovery of Preferences from Observed Wealth in a Single Realization pp. 151-74

Philip Dybvig and L C G Rogers

In Search of Liquidity: Block Trades in the Upstairs and Downstairs Markets pp. 175-203

Ananth Madhavan and Minder Cheng

Endogenous Communication among Lenders and Entrepreneurial Incentives pp. 205-36

A Jorge Padilla and Marco Pagano

Volume 9, issue 4, 1996

Temporary Components of Stock Returns: What Do the Data Tell Us? pp. 1033-59

Christopher G Lamoureux and Guofu Zhou

Does the Japanese Governance System Enhance Shareholder Wealth? Evidence from the Stock-Price Effects of Top Management Turnover pp. 1061-95

Jun-Koo Kang and Anil Shivdasani

Survivorship Bias and Mutual Fund Performance pp. 1097-1120

Edwin J Elton, Martin J Gruber and Christopher R Blake

Estimating the Profits from Trading Strategies pp. 1121-63

Peter J Knez and Mark Ready

Control Rights, Debt Structure, and the Loss of Private Benefits: The Case of the U.K. Insolvency Code pp. 1165-1210

Julian R Franks and Kjell Nyborg

American Option Valuation: New Bounds, Approximations, and a Comparison of Existing Methods pp. 1211-50

Mark Broadie and Jerome Detemple

Testing for Deliberate Underpricing in the IPO Premarket: A Stochastic Frontier Approach pp. 1251-69

Janet Hunt-McCool, Samuel C Koh and Bill B Francis

Volume 9, issue 3, 1996

Heterogeneous Beliefs and the Effect of Replicatable Options on Asset Prices pp. 723-56

Alan Kraus and Maxwell Smith

Collusion in Uniform-Price Auctions: Experimental Evidence and Implications for Treasury Auctions pp. 757-85

Gautam Goswami, Thomas Noe and Michael J Rebello

The Role of Investment Banks in Acquisitions pp. 787-815

Henri Servaes and Marc Zenner

Mortgage Valuation under Optimal Prepayment pp. 817-44

Stephen LeRoy

Time-Varying Expected Small Firm Returns and Closed-End Fund Discounts pp. 845-87

Bhaskaran Swaminathan

Bank Equity Stakes in Borrowing Firms and Financial Distress pp. 889-919

Mitchell Berlin, Kose John and Anthony Saunders

The Optimal Trading and Pricing of Securities with Asymmetric Capital Gains Taxes and Transaction Costs pp. 921-52

Robert M Dammon and Chester S Spatt

Life in the Pits: Competitive Market Making and Inventory Control pp. 953-75

Steven Manaster and Steven Mann

Large Option Trades, Market Makers, and Limit Orders pp. 977-1002

Henk Berkman

Dynamic Banking: A Reconsideration pp. 1003-32

Sudipto Bhattacharya and A Jorge Padilla

Volume 9, issue 2, 1996

A New Dividend Forecasting Procedure That Rejects Bubbles in Asset Prices: The Case of 1929's Stock Crash pp. 333-83

R Glen Donaldson and Mark Kamstra

Testing Continuous-Time Models of the Spot Interest Rate pp. 385-426

Yacine Ait-Sahalia

The Time Variation of Risk and Return in Foreign Exchange Markets: A General Equilibrium Perspective pp. 427-70

Geert Bekaert

Trading Volume with Private Valuation: Evidence from the Ex-dividend Day pp. 471-509

Roni Michaely and Jean-Luc Vila

Portfolio Performance Measurement: Theory and Applications pp. 511-55

Zhiwu Chen and Peter J Knez

Measuring the Pricing Error of the Arbitrage Pricing Theory pp. 557-87

John Geweke and Guofu Zhou

Time-Series Implications of Aggregate Dividend Behavior pp. 589-618

Bong-Soo Lee

U.K. and U.S. Trading of British Cross-Listed Stocks: An Intraday Analysis of Market Integration pp. 619-64

Ingrid M Werner and Allan W Kleidon

The Strategic Timing of Corporate Disclosures pp. 665-90

Gerard Gennotte and Brett Trueman

Risk Aversion, Liquidity, and Endogenous Short Horizons pp. 691-722

Craig W Holden and Avanidhar Subrahmanyam

Volume 9, issue 1, 1996

The Upstairs Market for Large-Block Transactions: Analysis and Measurement of Price Effects pp. 1-36

Donald Keim and Ananth Madhaven

Design and Valuation of Debt Contracts pp. 37-68

Ronald W Anderson and Suresh Sundaresan

Jumps and Stochastic Volatility: Exchange Rate Processes Implicit in Deutsche Mark Options pp. 69-107

David S Bates

How Different Is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues pp. 109-39

Jun-Koo Kang and Rene M Stulz

Dynamic Nonmyopic Portfolio Behavior pp. 141-61

Tong Suk Kim and Edward Omberg

Information, Trade, and Derivative Securities pp. 163-208

Michael Brennan and Huining Cao

The Design of Internal Control and Capital Structure pp. 209-40

Elazar Berkovitch and Ronen Israel

Inflation, Asset Prices, and the Term Structure of Interest Rates in Monetary Economies pp. 241-75

Gurdip S Bakshi and Zhiwu Chen

Pricing and Hedging American Options: A Recursive Integration Method pp. 277-300

Jingzhi Huang, Marti G Subrahmanyam and G George Yu

Index Arbitrage and Nonlinear Dynamics between the S&P 500 Futures and Cash pp. 301-32

Gerald Dwyer, Peter R Locke and Wei Yu