Content
August 2003, Volume 58, Issue 4
- 1393-1413 Spurious Regressions in Financial Economics?
by Wayne E. Ferson & Sergei Sarkissian & Timothy T. Simin - 1415-1443 Bookbuilding: How Informative Is the Order Book?
by Francesca Cornelli & David Goldreich - 1445-1468 Ownership Structure, Corporate Governance, and Firm Value: Evidence from the East Asian Financial Crisis
by Michael L. Lemmon & Karl V. Lins - 1469-1498 Does Shareholder Composition Matter? Evidence from the Market Reaction to Corporate Earnings Announcements
by Edith S. Hotchkiss & Deon Strickland - 1499-1520 Rumors
by Jos Van Bommel - 1521-1556 Momentum and Reversals in Equity‐Index Returns During Periods of Abnormal Turnover and Return Dispersion
by Robert Connolly & Chris Stivers - 1557-1582 Incentive Compensation When Executives Can Hedge the Market: Evidence of Relative Performance Evaluation in the Cross Section
by Gerald Garvey & Todd Milbourn - 1583-1612 Tax‐Induced Trading of Equity Securities: Evidence from the ADR Market
by Sandra Renfro Callaghan & Christopher B. Barry - 1613-1650 Performance Incentives within Firms: The Effect of Managerial Responsibility
by Rajesh K. Aggarwal & Andrew A. Samwick - 1651-1683 Risk Reduction in Large Portfolios: Why Imposing the Wrong Constraints Helps
by Ravi Jagannathan & Tongshu Ma - 1685-1718 High‐Water Marks and Hedge Fund Management Contracts
by William N. Goetzmann & Jonathan E. Ingersoll & Stephen A. Ross - 1719-1722 Book Review
by Moshe A. Milevsky
June 2003, Volume 58, Issue 3
- 943-973 Corporate Financing: An Artificial Agent‐based Analysis
by Thomas H. Noe & Michael J. Rebello & Jun Wang - 975-1007 Idiosyncratic Risk Matters!
by Amit Goyal & Pedro Santa‐Clara - 1009-1032 Good Day Sunshine: Stock Returns and the Weather
by David Hirshleifer & Tyler Shumway - 1033-1062 Internal versus External Financing: An Optimal Contracting Approach
by Roman Inderst & Holger M. Müller - 1063-1085 Long‐run Performance after Stock Splits: 1927 to 1996
by Jinho Byun & Michael S. Rozeff - 1087-1111 Too Busy to Mind the Business? Monitoring by Directors with Multiple Board Appointments
by Stephen P. Ferris & Murali Jagannathan & A. C. Pritchard - 1113-1137 DotCom Mania: The Rise and Fall of Internet Stock Prices
by Eli Ofek & Matthew Richardson - 1139-1166 Convertible Securities and Venture Capital Finance
by Klaus M. Schmidt - 1167-1191 Integration of Lending and Underwriting: Implications of Scope Economies
by George Kanatas & Jianping Qi - 1193-1220 Managerial Incentives and Internal Capital Markets
by Adolfo de Motta - 1221-1246 What if Trading Location Is Different from Business Location? Evidence from the Jardine Group
by Kalok Chan & Allaudeen Hameed & Sie Ting Lau - 1247-1267 Market Maker Quotation Behavior and Pretrade Transparency
by Yusif Simaan & Daniel G. Weaver & David K. Whitcomb - 1269-1300 The Impact of Jumps in Volatility and Returns
by Bjørn Eraker & Michael Johannes & Nicholas Polson - 1301-1328 Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500
by Ronald C. Anderson & David M. Reeb
April 2003, Volume 58, Issue 2
- 1-1 Fischer Black Prize for 2003
by Raghuram G. Rajan - 483-517 Pseudo Market Timing and the Long‐Run Underperformance of IPOs
by Paul Schultz - 519-547 Entrenchment and Severance Pay in Optimal Governance Structures
by Andres Almazan & Javier Suarez - 549-575 Cross‐Border Listings and Price Discovery: Evidence from U.S.‐Listed Canadian Stocks
by Cheol S. Eun & Sanjiv Sabherwal - 577-608 Evidence of Information Spillovers in the Production of Investment Banking Services
by Lawrence M. Benveniste & Alexander Ljungqvist & William J. Wilhelm & Xiaoyun Yu - 609-641 The Value Spread
by Randolph B. Cohen & Christopher Polk & Tuomo Vuolteenaho - 643-684 The Level and Persistence of Growth Rates
by Louis K. C. Chan & Jason Karceski & Josef Lakonishok - 685-705 Role of Speculative Short Sales in Price Formation: The Case of the Weekend Effect
by Honghui Chen & Vijay Singal - 707-722 How Sensitive Is Investment to Cash Flow When Financing Is Frictionless?
by Aydoḡan Alti - 723-752 IPO Pricing in the Dot‐com Bubble
by Alexander Ljungqvist & William J. Wilhelm - 753-777 The Finite Moment Log Stable Process and Option Pricing
by Peter Carr & Liuren Wu - 779-804 Incentive Fees and Mutual Funds
by Edwin J. Elton & Martin J. Gruber & Christopher R. Blake - 805-819 A Generalization of the Brennan‐Rubinstein Approach for the Pricing of Derivatives
by António Câmara - 821-837 Evaluation Periods and Asset Prices in a Market Experiment
by Uri Gneezy & Arie Kapteyn & Jan Potters - 839-865 The Term Structure with Semi‐credible Targeting
by Heber Farnsworth & Richard Bass - 867-893 Excessive Dollar Debt: Financial Development and Underinsurance
by Ricardo J. Caballero & Arvind Krishnamurthy - 895-919 The Wealth Effects of Repurchases on Bondholders
by William F. Maxwell & Clifford P. Stephens - 921-937 Investor Protection and Firm Liquidity
by Paul Brockman & Dennis Y. Chung
February 2003, Volume 58, Issue 1
- 1-36 The Quiet Period Goes out with a Bang
by Daniel J. Bradley & Bradford D. Jordan & Jay R. Ritter - 37-70 Clearly Irrational Financial Market Behavior: Evidence from the Early Exercise of Exchange Traded Stock Options
by Allen M. Poteshman & Vitaly Serbin - 71-118 Why Do Managers Diversify Their Firms? Agency Reconsidered
by Rajesh K. Aggarwal & Andrew A. Samwick - 119-159 Modeling Sovereign Yield Spreads: A Case Study of Russian Debt
by Darrell Duffie & Lasse Heje Pedersen & Kenneth J. Singleton - 161-196 Asset Pricing with Conditioning Information: A New Test
by Kevin Q. Wang - 197-230 New Evidence on the Market for Directors: Board Membership and Pennsylvania Senate Bill 1310
by Jeffrey L. Coles & Chun‐Keung Hoi - 231-259 Dynamic Asset Allocation with Event Risk
by Jun Liu & Francis A. Longstaff & Jun Pan - 261-282 Dividend Taxes and Share Prices: Evidence from Real Estate Investment Trusts
by William M. Getry & Deen Kemsley & Christopher J. Mayer - 283-311 Delegated Portfolio Management and Rational Prolonged Mispricing
by Eitan Goldman & Steve L. Slezak - 313-351 Analyzing the Analysts: Career Concerns and Biased Earnings Forecasts
by Harrison Hong & Jeffrey D. Kubik - 353-374 Trade Credit, Financial Intermediary Development, and Industry Growth
by Raymond Fisman & Inessa Love - 375-399 Financial Distress and Bank Lending Relationships
by Sandeep Dahiya & Anthony Saunders & Anand Srinivasan - 401-446 A Monte Carlo Method for Optimal Portfolios
by Jérôme B. Detemple & Ren Garcia & Marcel Rindisbacher - 447-466 Capital Gains, Dividend Yields, and Expected Inflation
by Eugene A. Pilotte
December 2002, Volume 57, Issue 6
- 2379-2403 Effects of Corporate Diversification on Productivity
by Antoinette Schoar - 2405-2447 FX Trading and Exchange Rate Dynamics
by Martin D. D. Evans - 2449-2478 Momentum Trading by Institutions
by S.G. Badrinath & Sunil Wahal - 2479-2506 Learning about Internal Capital Markets from Corporate Spin‐offs
by Robert Gertner & Eric Powers & David Scharfstein - 2507-2532 When Is Bad News Really Bad News?
by Jennifer Conrad & Bradford Cornell & Wayne R. Landsman - 2533-2570 Does Distance Still Matter? The Information Revolution in Small Business Lending
by Mitchell A. Petersen & Raghuram G. Rajan - 2571-2594 Noise Trading, Costly Arbitrage, and Asset Prices: Evidence from Closed‐end Funds
by Gordon Gemmill & Dylan C. Thomas - 2595-2617 Long‐Run Performance following Private Placements of Equity
by Michael Hertzel & Michael Lemmon & James S. Linck & Lynn Rees - 2619-2650 Managerial Turnover and Leverage under a Takeover Threat
by Walter Novaes - 2651-2694 The Geography of Equity Listing: Why Do Companies List Abroad?
by Marco Pagano & Ailsa A. Röell & Josef Zechner - 2695-2740 Tunneling or Value Added? Evidence from Mergers by Korean Business Groups
by Kee‐Hong Bae & Jun‐Koo Kang & Jin‐Mo Kim - 2741-2771 Disentangling the Incentive and Entrenchment Effects of Large Shareholdings
by Stijn Claessens & Simeon Djankov & Joseph P. H. Fan & Larry H. P. Lang - 2773-2805 Internal Capital Markets in Financial Conglomerates: Evidence from Small Bank Responses to Monetary Policy
by Murillo Campello - 2807-2833 Entrepreneurship and Bank Credit Availability
by Sandra E. Black & Philip E. Strahan
October 2002, Volume 57, Issue 5
- 1857-1889 Takeover Defenses of IPO Firms
by Laura Casares Field & Jonathan M. Karpoff - 1891-1921 Information Production and Capital Allocation: Decentralized versus Hierarchical Firms
by Jeremy C. Stein - 1923-1949 Who Blinks in Volatile Markets, Individuals or Institutions?
by Patrick J. Dennis & Deon Strickland - 1951-1979 Global Diversification, Industrial Diversification, and Firm Value
by David J. Denis & Diane K. Denis & Keven Yost - 1981-1995 Survival Bias and the Equity Premium Puzzle
by Haitao Li & Yuewu Xu - 1997-2043 Term Structure of Interest Rates with Regime Shifts
by Ravi Bansal & Hao Zhou - 2045-2073 Valuation of the Debt Tax Shield
by Deen Kemsley & Doron Nissim - 2075-2112 Telling from Discrete Data Whether the Underlying Continuous‐Time Model Is a Diffusion
by Yacine Aït‐Sahalia - 2113-2141 Differences of Opinion and the Cross Section of Stock Returns
by Karl B. Diether & Christopher J. Malloy & Anna Scherbina - 2143-2165 A Test of the Errors‐in‐Expectations Explanation of the Value/Glamour Stock Returns Performance: Evidence from Analysts' Forecasts
by John A. Doukas & Chansog (Francis) Kim & Christos Pantzalis - 2167-2183 Corporate Diversification: What Gets Discounted?
by Sattar A. Mansi & David M. Reeb - 2185-2221 Is Information Risk a Determinant of Asset Returns?
by David Easley & Soeren Hvidkjaer & Maureen O'Hara - 2223-2261 No Contagion, Only Interdependence: Measuring Stock Market Comovements
by Kristin J. Forbes & Roberto Rigobon - 2263-2287 An Investigation of the Informational Role of Short Interest in the Nasdaq Market
by Hemang Desai & K. Ramesh & S. Ramu Thiagarajan & Bala V. Balachandran - 2289-2316 The Making of a Dealer Market: From Entry to Equilibrium in the Trading of Nasdaq Stocks
by Katrina Ellis & Roni Michaely & Maureen O'Hara - 2317-2336 Book‐to‐Market Equity, Distress Risk, and Stock Returns
by John M. Griffin & Michael L. Lemmon - 2337-2367 Empirical Evaluation of Asset‐Pricing Models: A Comparison of the SDF and Beta Methods
by Ravi Jagannathan & Zhenyu Wang
August 2002, Volume 57, Issue 4
- 1567-1591 Rational Asset Prices
by George M. Constantinides - 1593-1616 How Much Is Investor Autonomy Worth?
by Shlomo Benartzi & Richard H. Thaler - 1617-1648 Is Disinflation Good for the Stock Market?
by Peter Blair Henry - 1649-1684 Dividends, Share Repurchases, and the Substitution Hypothesis
by Gustavo Grullon & Roni Michaely - 1685-1730 Do Bonds Span the Fixed Income Markets? Theory and Evidence for Unspanned Stochastic Volatility
by Pierre Collin‐Dufresne & Robert S. Goldstein - 1731-1762 Explaining the Diversification Discount
by Jose Manuel Campa & Simi Kedia - 1763-1793 What Do Returns to Acquiring Firms Tell Us? Evidence from Firms That Make Many Acquisitions
by Kathleen Fuller & Jeffry Netter & Mike Stegemoller - 1795-1828 A Review of IPO Activity, Pricing, and Allocations
by Jay R. Ritter & Ivo Welch - 1829-1830 Minutes of the Annual Membership Meeting
by David H. Pyle - 1831-1833 Report of the Executive Secretary and Treasurer
by David H. Pyle - 1835-1847 Report of the Editor of The Journal of Finance for the Year 2001
by Richard C. Green
June 2002, Volume 57, Issue 3
- 1041-1045 Markowitz's “Portfolio Selection”: A Fifty‐Year Retrospective
by Mark Rubinstein - 1047-1091 Range‐Based Estimation of Stochastic Volatility Models
by Sassan Alizadeh & Michael W. Brandt & Francis X. Diebold - 1093-1111 How Accurate Are Value‐at‐Risk Models at Commercial Banks?
by Jeremy Berkowitz & James O'Brien - 1113-1145 Learning, Asset‐Pricing Tests, and Market Efficiency
by Jonathan Lewellen & Jay Shanken - 1147-1170 Investor Protection and Corporate Valuation
by Rafael La Porta & Florencio Lopez‐De‐Silanes & Andrei Shleifer & Robert Vishny - 1171-1200 IPO Market Cycles: Bubbles or Sequential Learning?
by Michelle Lowry & G. William Schwert - 1201-1238 Dynamic Asset Allocation under Inflation
by Michael J. Brennan & Yihong Xia - 1239-1284 An Empirical Investigation of Continuous‐Time Equity Return Models
by Torben G. Andersen & Luca Benzoni & Jesper Lund - 1285-1319 The Quality of ECN and Nasdaq Market Maker Quotes
by Roger D. Huang - 1321-1346 New Evidence of the Impact of Dividend Taxation and on the Identity of the Marginal Investor
by Leonie Bell & Tim Jenkinson - 1347-1382 Equilibrium Pricing and Optimal Hedging in Electricity Forward Markets
by Hendrik Bessembinder & Michael L. Lemmon - 1383-1419 Do Banks Provide Financial Slack?
by Charles J. Hadlock & Christopher M. James - 1421-1442 Institutional Allocation in Initial Public Offerings: Empirical Evidence
by Reena Aggarwal & Nagpurnanand R. Prabhala & Manju Puri - 1443-1478 Nasdaq Trading Halts: The Impact of Market Mechanisms on Prices, Trading Activity, and Execution Costs
by William G. Christie & Shane A. Corwin & Jeffrey H. Harris - 1479-1520 Empirical Analysis of the Yield Curve: The Information in the Data Viewed through the Window of Cox, Ingersoll, and Ross
by Christopher G. Lamoureux & H. Douglas Witte - 1521-1551 An Analysis of the Determinants and Shareholder Wealth Effects of Mutual Fund Mergers
by Narayanan Jayaraman & Ajay Khorana & Edward Nelling
April 2002, Volume 57, Issue 2
- 551-584 Limited Arbitrage in Equity Markets
by Mark Mitchell & Todd Pulvino & Erik Stafford - 585-608 Rational Momentum Effects
by Timothy C. Johnson - 609-636 Managerial Opportunism? Evidence from Directors' and Officers' Insurance Purchases
by John M. R. Chalmers & Larry Y. Dann & Jarrad Harford - 637-659 The Equity Premium
by Eugene F. Fama & Kenneth R. French - 661-693 Leaning for the Tape: Evidence of Gaming Behavior in Equity Mutual Funds
by Mark M. Carhart & Ron Kaniel & David K. Musto & Adam V. Reed - 695-720 Does Corporate Diversification Destroy Value?
by John R. Graham & Michael L. Lemmon & Jack G. Wolf - 721-767 Do Conglomerate Firms Allocate Resources Inefficiently Across Industries? Theory and Evidence
by Vojislav Maksimovic & Gordon Phillips - 769-799 A Rational Expectations Model of Financial Contagion
by Laura E. Kodres & Matthew Pritsker - 801-813 The Volatility and Price Sensitivities of Managerial Stock Option Portfolios and Corporate Hedging
by John D. Knopf & Jouahn Nam & John H. Thornton - 815-839 Do Firms Hedge in Response to Tax Incentives?
by John R. Graham & Daniel A. Rogers - 841-869 Liquidity Provision and the Organizational Form of NYSE Specialist Firms
by Jay F. Coughenour & Daniel N. Deli - 871-900 The Long‐run Performance Following Dividend Initiations and Resumptions: Underreaction or Product of Chance?
by Rodney D. Boehme & Sorin M. Sorescu - 901-930 Where Does State Street Lead? A First Look at Finance Patents, 1971 to 2000
by Josh Lerner - 931-958 Competition, Market Structure, and Bid‐Ask Spreads in Stock Option Markets
by Stewart Mayhew - 959-984 Risk Aversion, Transparency, and Market Performance
by M. Ángeles De Frutos & Carolina Manzano - 985-1019 Momentum, Business Cycle, and Time‐varying Expected Returns
by Tarun Chordia & Lakshmanan Shivakumar
February 2002, Volume 57, Issue 1
- 1-32 Market Timing and Capital Structure
by Malcolm Baker & Jeffrey Wurgler - 33-73 Banks as Liquidity Providers: An Explanation for the Coexistence of Lending and Deposit‐taking
by Anil K. Kashyap & Raghuram Rajan & Jeremy C. Stein - 75-108 The World Price of Insider Trading
by Utpal Bhattacharya & Hazem Daouk - 109-133 Mutual Fund Advisory Contracts: An Empirical Investigation
by Daniel N. Deli - 135-168 Economic Distress, Financial Distress, and Dynamic Liquidation
by Matthias Kahl - 169-197 Venture Capital and the Professionalization of Start‐Up Firms: Empirical Evidence
by Thomas Hellmann & Manju Puri - 199-231 Pass‐through and Exposure
by Gordon M. Bodnar & Bernard Dumas & Richard C. Marston - 233-264 What Drives Firm‐Level Stock Returns?
by Tuomo Vuolteenaho - 265-301 Government Ownership of Banks
by Rafael La Porta & Florencio Lopez‐De‐Silanes & Andrei Shleifer - 303-328 Portfolio Choice in the Presence of Personal Illiquid Projects
by Miquel Faig & Pauline Shum - 329-367 The Effects of Banking Mergers on Loan Contracts
by Paola Sapienza - 369-403 Nonlinear Pricing Kernels, Kurtosis Preference, and Evidence from the Cross Section of Equity Returns
by Robert F. Dittmar - 405-443 Term Premia and Interest Rate Forecasts in Affine Models
by Gregory R. Duffee - 445-460 Ex Ante Costs of Violating Absolute Priority in Bankruptcy
by Lucian Arye Bebchuk - 461-483 The Cadbury Committee, Corporate Performance, and Top Management Turnover
by Jay Dahya & John J. McConnell & Nickolaos G. Travlos - 485-499 Research Dissemination and Impact: Evidence from Web Site Downloads
by Lee Pinkowitz - 501-521 Bank Performance around the Introduction of a Section 20 Subsidiary
by Marcia Millon Cornett & Evren Ors & Hassan Tehranian - 523-542 Continuous Trading or Call Auctions: Revealed Preferences of Investors at the Tel Aviv Stock Exchange
by Avner Kalay & Li Wei & Avi Wohl
December 2001, Volume 56, Issue 6
- 2019-2065 The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and Are There Efficiency Gains?
by Vojislav Maksimovic & Gordon Phillips - 2067-2109 The Relative Valuation of Caps and Swaptions: Theory and Empirical Evidence
by Francis A. Longstaff & Pedro Santa‐Clara & Eduardo S. Schwartz - 2111-2133 Dividend Changes and Future Profitability
by Doron Nissim & Amir Ziv - 2135-2175 Characteristics of Risk and Return in Risk Arbitrage
by Mark Mitchell & Todd Pulvino - 2177-2207 The Determinants of Credit Spread Changes
by Pierre Collin-Dufresn & Robert S. Goldstein & J. Spencer Martin - 2209-2236 On the Perils of Financial Intermediaries Setting Security Prices: The Mutual Fund Wild Card Option
by John M. R. Chalmers & Roger M. Edelen & Gregory B. Kadlec - 2237-2264 A Theory of the Syndicate: Form Follows Function
by Pegaret Pichler & William Wilhelm - 2265-2297 Internal Monitoring Mechanisms and CEO Turnover: A Long‐Term Perspective
by Mark R. Huson & Robert Parrino & Laura T. Starks - 2299-2336 Executive Compensation and Corporate Acquisition Decisions
by Sudip Datta & Mai Iskandar‐Datta & Kartik Raman - 2337-2369 Bookbuilding and Strategic Allocation
by Francesca Cornelli & David Goldreich - 2371-2388 A Rose.com by Any Other Name
by Michael J. Cooper & Orlin Dimitrov & P. Raghavendra Rau - 2389-2413 Feedback from Stock Prices to Cash Flows
by Avanidhar Subrahmanyam & Sheridan Titman - 2415-2430 A First Look at the Accuracy of the CRSP Mutual Fund Database and a Comparison of the CRSP and Morningstar Mutual Fund Databases
by Edwin J. Elton & Martin J. Gruber & Christopher R. Blake - 2431-2456 The Stock Market Valuation of Research and Development Expenditures
by Louis K. C. Chan & Josef Lakonishok & Theodore Sougiannis
October 2001, Volume 56, Issue 5
- 1629-1666 Equity Premia as Low as Three Percent? Evidence from Analysts' Earnings Forecasts for Domestic and International Stock Markets
by James Claus & Jacob Thomas - 1667-1691 Is It Inefficient Investment that Causes the Diversification Discount?
by Toni M. Whited - 1693-1721 The Diversification Discount: Cash Flows Versus Returns
by Owen A. Lamont & Christopher Polk - 1723-1746 Upstairs Market for Principal and Agency Trades: Analysis of Adverse Information and Price Effects
by Brian F. Smith & D. Alasdair S. Turnbull & Robert W. White - 1747-1764 Excessive Extrapolation and the Allocation of 401(k) Accounts to Company Stock
by Shlomo Benartzi - 1765-1799 Counterparty Risk and the Pricing of Defaultable Securities
by Robert A. Jarrow & Fan Yu - 1801-1835 True Spreads and Equilibrium Prices
by Clifford A. Ball & Tarun Chordia - 1837-1867 LAPM: A Liquidity‐Based Asset Pricing Model
by Bengt Holmström & Jean Tirole - 1869-1886 Careers and Survival: Competition and Risk in the Hedge Fund and CTA Industry
by Stephen J. Brown & William N. Goetzmann & James Park - 1887-1910 Is Sound Just Noise?
by Joshua D. Coval & Tyler Shumway - 1911-1927 Massively Confused Investors Making Conspicuously Ignorant Choices (MCI–MCIC)
by Michael S. Rashes - 1929-1957 Do Credit Spreads Reflect Stationary Leverage Ratios?
by Pierre Collin‐Dufresne & Robert S. Goldstein - 1959-1983 Location Matters: An Examination of Trading Profits
by Harald Hau - 1985-2010 Evaluating Mutual Fund Performance
by S. P. Kothari & Jerold B. Warner
August 2001, Volume 56, Issue 4
- 1165-1175 Do Financial Institutions Matter?
by Franklin Allen - 1177-1177 Merton H. Miller
by George M. Constantinides - 1179-1182 Merton H. Miller: Memories of a Great Mentor and Leader
by Myron S. Scholes - 1183-1206 Merton H. Miller: His Contribution to Financial Economics
by Bruce D. Grundy - 1207-1239 The Equity Premium and Structural Breaks
by Ľluboš Pástor & Robert F. Stambaugh - 1240-1245 Discussion
by Zhenyu Wang - 1247-1292 Mental Accounting, Loss Aversion, and Individual Stock Returns
by Nicholas Barberis & Ming Huang - 1292-1295 Discussion
by M.J. Brennan - 1297-1351 Variable Selection for Portfolio Choice
by Yacine AÏT‐SAHALI & Michael W. Brandt - 1351-1355 Discussion
by Jessica A. Wachter - 1357-1394 Expectations Hypotheses Tests
by Geert Bekaert & Robert J. Hodrick - 1394-1399 Discussion
by Matthew Richardson - 1401-1440 Contagion as a Wealth Effect
by Albert S. Kyle & Wei Xiong - 1440-1443 Discussion
by Stephen A. Ross - 1445-1485 Automated Versus Floor Trading: An Analysis of Execution Costs on the Paris and New York Exchanges
by Kumar Venkataraman - 1485-1488 Discussion
by Ananth Madhavan - 1489-1528 The Bright Side of Internal Capital Markets
by Naveen Khanna & Sheri Tice - 1528-1531 Discussion
by Paola Sapienza - 1533-1597 Investor Psychology and Asset Pricing
by David Hirshleifer - 1599-1600 Minutes of the Annual Membership Meeting
by David H. Pyle
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