# Cambridge University Press

# Journal of Financial and Quantitative Analysis

Postal: Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK

Web page: http://journals.cambridge.org/jid_JFQ

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### 1984, Volume 19, Issue 03

### 1984, Volume 19, Issue 02

**127-140 Optimal Hedging Policies***by*Stulz, René M.**141-162 On the Adequacy of Bank Capital Regulation***by*Morgan, George Emir**163-181 Repurchase Tender Offers, Signaling, and Managerial Incentives***by*Vermaelen, Theo**183-195 SEC Rule 415: The Ultimate Competitive Bid***by*Kidwell, David S. & Marr, M. Wayne & Thompson, G. Rodney**197-216 An Examination of Investor Behavior during Periods of Large Dividend Changes***by*Dielman, Terry E. & Oppenheimer, Henry R.**217-230 The Stationarity of the Conditional Mean of Real Rates of Return on Common Stocks: An Empirical Investigation***by*Scott, Louis O.**231-232 The Valuation of Corporate Liabilities as Compound Options: A Correction***by*Geske, Robert & Johnson, H. E.

### 1984, Volume 19, Issue 01

**1-10 On the Robustness of the Roll and Ross Arbitrage Pricing Theory***by*Cho, D. Chinhyung & Elton, Edwin J. & Gruber, Martin J.**11-28 The Behavior of Stock Returns: Is It Stationary or Evolutionary?***by*Hsu, D. A.**29-44 Market Resolution and Valuation in Incomplete Markets***by*John, Kose**45-57 The Impact of the Degrees of Operating and Financial Leverage on Systematic Risk of Common Stock***by*Mandelker, Gershon N. & Rhee, S. Ghon**59-72 Dividends and Debt under Alternative Tax Systems***by*Fung, William K. H. & Theobald, Michael F.**73-82 Refunding Noncallable Debt***by*Emery, Douglas R. & Lewellen, Wilbur G.**83-99 Risk-Adjusted Values, Timing of Uncertainty Resolution, and the Measurement of Project Worth***by*Bernhard, Richard H.**101-112 A Risk-Return Measure of Hedging Effectiveness***by*Howard, Charles T. & D'Antonio, Louis J.**113-126 Alternative Mortgage Instruments, the Tilt Problem, and Consumer Welfare***by*Alm, James & Follain, James R.

### 1983, Volume 18, Issue 04

**411-424 Mean-Variance Utility Functions and the Demand for Risky Assets: An Empirical Analysis Using Flexible Functional Forms***by*Aivazian, Varouj A. & Callen, Jeffrey L. & Krinsky, Itzhak & Kwan, Clarence C. Y.**425-437 The Modigliani-Miller Leverage Equation Considered in a Product Market Context***by*Alberts, William W. & Hite, Gailen L.**439-453 A Reexamination of the Empirical Relationship between Investment and Financing Decisions***by*Peterson, Pamela P. & Benesh, Gary A.**455-461 On Estimates of Long-Run Rates of Return: A Note***by*Hasbrouck, Joel**463-470 On Bond Ratings and Pension Obligations: A Note***by*Martin, Linda J. & Henderson, Glenn V.**471-476 On the Estimation Risk in First-Order Stochastic Dominance: A Note***by*Stein, William & Pfaffenberger, Roger & Kumar, P. C.**477-497 Expectations of Real Interest Rates and Aggregate Consumption: Empirical Tests***by*Ferson, Wayne E.**499-516 Fixed Rate Loan Commitments, Take-Down Risk, and the Dynamics of Hedging with Futures***by*Ho, Thomas S. Y. & Saunders, Anthony**517-531 Bond Price Dynamics and Options***by*Ball, Clifford A. & Torous, Walter N.**533-545 The Role of Cash Balances in Firm Valuation***by*Morris, James R.**547-572 An Empirical Test of the Redistribution Effect in Pure Exchange Mergers***by*Eger, Carol Ellen

### 1983, Volume 18, Issue 03

**269-278 Nonparametric Tests of Models of Investor Behavior***by*Varian, Hal R.**279-285 The Use of Risk and Return Models for Multiattribute Decisions with Decomposable Utilities***by*Yilmaz, Mustafa R.**287-293 Geometric Mean Approximations***by*Jean, William H. & Helms, Billy P.**295-305 On Optimal Asset Abandonment and Replacement***by*Howe, Keith M. & McCabe, George M.**307-317 Assumption Financing and Selling Price of Single-Family Homes***by*Sirmans, G. Stacy & Smith, Stanley D. & Sirmans, C. F.**319-329 Functional Forms and the Capital Asset Pricing Model***by*McDonald, Bill**331-343 Negotiated Brokerage Commissions and the Individual Investor***by*Blum, Gerald A. & Lewellen, Wilbur G.**345-354 Comparative Performance of the Black-Scholes and Roll-Geske-Whaley Option Pricing Models***by*Sterk, William E.**355-363 A Dynamic Global Portfolio Immunization Strategy in the World of Multiple Interest Rate Changes: A Dynamic Immunization and Minimax Theorem***by*Khang, Chulsoon**365-380 Floating Rate Notes and Immunization***by*Chance, Don M.**381-399 The Impact of the New York City Fiscal Crisis on the Interest Cost of New Issue Municipal Bonds***by*Kidwell, David S. & Trzcinka, Charles A.**401-410 An Analysis of the Performance of Publicly Traded Venture Capital Companies***by*Martin, John D. & Petty, J. William

### 1983, Volume 18, Issue 02

**149-162 Abnormal Returns from Merger Profiles***by*Wansley, James W. & Roenfeldt, Rodney L. & Cooley, Philip L.**163-173 Market Responses to Dividend Increases and Changes in Payout Ratios***by*Divecha, Arjun & Morse, Dale**175-188 A Mechanism for the Allocation of Corporate Investment***by*Arzac, Enrique R.**189-197 Statistical Inference in Two-Parameter Portfolio Theory with Multiple Regression Software***by*Jobson, J. D. & Korkie, Bob**199-209 The Analytic Relationship between Intervaling and Nontrading Effects in Continuous Time***by*Theobald, Michael**211-221 More Evidence on the Nature of the Distribution of Security Returns***by*Perry, Philip R.**223-227 On the Use of a Covariance Function in a Portfolio Model***by*Dalal, Ardeshir J.**229-256 Costly Information Production Equilibria in the Bank Credit Market with Applications to Credit Rationing***by*Thakor, Anjan V. & Callaway, Richard**257-268 Capital Market Equilibrium with Divergent Investment Horizon Length Assumptions***by*Gilster, John E.

### 1983, Volume 18, Issue 01

**1-19 Information Dissemination and Portfolio Choice***by*Jennings, Robert H. & Barry, Christopher B.**21-30 On the Asset Substitution Problem***by*Gavish, Bezalel & Kalay, Avner**31-52 General Factor Models and the Structure of Security Returns***by*Kryzanowski, Lawrence & To, Minh Chau**53-65 A Simplified Jump Process for Common Stock Returns***by*Ball, Clifford A. & Torous, Walter N.**67-85 Market Model Stationarity of Individual Public Utilities***by*Bey, Roger P.**87-111 Intra-Industry Effects of the Accident at Three Mile Island***by*Bowen, Robert M. & Castanias, Richard P. & Daley, Lane A.**113-123 Immunization Strategies for Funding Multiple Liabilities***by*Bierwag, G. O. & Kaufman, George G. & Toevs, Alden**125-140 A Canonical Correlation Analysis of Commercial Bank Asset/Liability Structures***by*Simonson, Donald G. & Stowe, John D. & Watson, Collin J.**141-148 An Analytic Approximation for the American Put Price***by*Johnson, H. E.

### 1982, Volume 17, Issue 05

**649-662 Rational Expectations and the Impact of Money upon Stock Prices***by*Sorensen, Eric H.**663-681 The Monetary Impact on Return Variability and Market Risk Premia***by*Klemkosky, Robert C. & Jun, Kwang W.**683-695 Optimal Sequential Futures Trading***by*Baesel, Jerome & Grant, Dwight**697-703 A More Accurate Finite Difference Approximation for the Valuation of Options***by*Courtadon, Georges**705-725 Capital Accumulation and Deposit Pricing in Mutual Financial Institutions***by*Deshmukh, Sudhakar D. & Greenbaum, Stuart I. & Thakor, Anjan V.**727-739 Risk in International Banking***by*Shapiro, Alan C.**741-762 Investment in Developed and Less Developed Countries***by*Errunza, Vihang R. & Rosenberg, Barr**763-782 Mean-Lower Partial Moment Asset Pricing Model: Some Empirical Evidence***by*Nantell, Timothy J. & Price, Kelly & Price, Barbara**783-797 A Generalization of the CAPM Based on a Property of the Covariance Operator***by*Losq, Etienne & Chateau, John Peter D.**799-813 The Effect of Changing Expectations upon Stock Returns***by*Peterson, David & Peterson, Pamela

### 1982, Volume 17, Issue 04

**471-500 Empirical Evidence on Dividends as a Signal of Firm Value***by*Eades, Kenneth M.**501-502 Discussion: Empirical Evidence on Dividends as a Signal of Firm Value***by*Brickley, James A.**503-532 Moral Hazard, Agency Costs, and Asset Prices in a Competitive Equilibrium***by*Ramakrishnan, Ram T. S. & Thakor, Anjan V.**533-554 Further Results on the Constant Elasticity of Variance Call Option Pricing Model***by*Emanuel, David C. & MacBeth, James D.**555-574 The Impossibility of Efficient Decision Rules for Firms in Competitive Stock Market Economies***by*Forsythe, Robert & Suchanek, Gerry L.**575-577 Discussion: The Impossibility of Efficient Decision Rules for Firms in Competitive Stock Market Economies***by*Stewart, Samuel S.**579-602 Timing Decisions and the Behavior of Mutual Fund Systematic Risk***by*Alexander, Gordon J. & Benson, P. George & Eger, Carol E.**603-631 Multiperiod Pension Plans and ERISA***by*Langetieg, T. C. & Findlay, M. C. & da Motta, L. F. J.**633-635 Discussion: Multiperiod Pension Plans and ERISA***by*Kahn, Linda M.**643-647 Report of the Program Chairperson***by*Dyl, Edward A.

### 1982, Volume 17, Issue 03

**301-329 An Equilibrium Model of Bond Pricing and a Test of Market Efficiency***by*Brennan, Michael J. & Schwartz, Eduardo S.**331-340 Growth and Risk***by*Senbet, Lemma W. & Thompson, Howard E.**341-361 Agency Theory and Stochastic Dominance***by*Hughes, John S.**363-389 Systematic Risk and the Firm's Experimental Strategy***by*Harpaz, Giora & Thomadakis, Stavros B.**391-409 Measuring Portfolio Risk in Options***by*Sears, R. Stephen & Trennepohl, Gary L.**411-424 The Decision to Establish a Foreign Bank Branch or Subsidiary: An Application of Binary Classification Procedures***by*Ball, Clifford A. & Tschoegl, Adrian E.**425-440 Investment Decisions under Uncertainty: Application of Estimation Risk in the Hillier Approach***by*Chen, Son-Nan & Moore, William T.**441-449 On Valuation, Beta, and the Cost of Equity Capital: A Note***by*Yagill, Joe**451-457 Fixed Rate or Index-Linked Mortgages from the Borrower's Point of View: A Note***by*Statman, Meir

### 1982, Volume 17, Issue 02

**147-178 Capital Structure and the Financing of the Multinational Corporation: A Fractional Multiobjective Approach***by*Kornbluth, Jonathan S. H. & Vinso, Joseph D.**179-193 The Pricing of Municipal Bonds***by*Livingston, Miles**195-208 On the Seasoning Process of New Bonds: Some Are More Seasoned than Others***by*Sorensen, Eric H.**209-216 The Effects of Interest-Bearing Required Reserves on Bank Portfolio Riskiness***by*Mitchell, Douglas W.**217-226 An Empirical Comparison of Stochastic Dominance among Lognormal Prospects***by*Tehranian, Hassan & Helms, Billy P.**227-240 Alternative Multivariate Tests in Limited Dependent Variable Models: An Empirical Assessment***by*Ingram, F. Jerry & Frazier, Emma L.**241-263 Tracking Asset Volatility By Means of a Bayesian Switching Regression***by*Mehta, Cyrus R. & Beranek, William**265-286 An Examination of Risk-Return Relationship in Bull and Bear Markets Using Time-Varying Betas***by*Chen, Son-Nan**287-300 Correct Procedures for the Evaluation of Risky Cash Outflows***by*Booth, Laurence D.

### 1982, Volume 17, Issue 01

**1-14 Optimal Consumption and Portfolio Strategies in a Discrete-Time Model with Summary-Dependent Preferences***by*Bodily, Samuel E. & White, Chelsea C.**15-25 Skewness Preference and Portfolio Choice***by*Kane, Alex**27-36 More on Beta as a Random Coefficient***by*Alexander, Gordon J. & Benson, P. George**37-61 Tests of the Random Walk Hypothesis Against a Price-Trend Hypothesis***by*Taylor, Stephen J.**63-73 Asset Pricing Models When the Number of Securities Held is Constrained: A Comparison and Reconciliation of the Mao and Levy Models***by*Kryzanowski, Lawrence & Chau, To Minh**75-100 The Pricing of Options on Default-Free Bonds***by*Courtadon, Georges**101-113 Lower Bounds on Portfolio Performance: An Extension of the Immunization Strategy***by*Marshall, William J. & Yawitz, Jess B.**115-127 The Impact of Yield Changes on the Systematic Risk of Bonds***by*Rao, Ramesh K. S.**129-137 Investor Response to Suggested Criteria for the Selection of Mutual Funds***by*Woerheide, Walt

### 1981, Volume 16, Issue 05

**639-650 Global Purchasing Power View of Exchange Risk***by*Eun, Cheol S.**651-669 Projecting Debt Servicing Capacity of Developing Countries***by*Feder, Gershon & Just, Richard & Ross, Knud**671-683 A Utility Theoretic Basis for “Generalized” Mean-Coefficient of Variation (MCV) Analysis***by*Shrieves, Ronald E. & Wachowicz, John M.**685-702 Systematic Variation in Yield Spreads for Tax-Exempt General Obligation Bonds***by*Benson, Earl D. & Kidwell, David S. & Koch, Timothy W. & Rogowski, Robert J.**703-724 Informational Differences Between Limit and Market Orders for a Market Maker***by*Conroy, Robert M. & Winkler, Robert L.**725-746 Self-Selection and the Pricing of Bank Services: an Analysis of the Market for Loan Commitments and the Role of Compensating Balance Requirements***by*James, Christopher**747-757 Beta Stationarity and Estimation Period: Some Analytical Results***by*Theobald, Michael**759-764 A Determination of the Risk of Ruin: Comment***by*Cogger, Kenneth O. & Emery, Gary W.**765-772 A Determination of The Risk of Ruin: Reply***by*Vinso, Joseph D.**773-777 Taxation and Bond Market Equilibrium in a World of Uncertain Future Interest Rates: Comment***by*Schaefer, Stephen M.**779-781 Taxation and Bond Market Equilibrium in a World of Uncertain Future Interest Rates: Reply***by*Livingston, Miles

### 1981, Volume 16, Issue 04

**413-435 Asymmetric Information, Signaling, and Optimal Corporate Financial Decisions***by*Talmor, Eli**437-438 Discussion: Asymmetric Information, Signaling, and Optimal Corporate Financial Decisions***by*Sick, Gordon**439-462 A New Empirical Perspective on the CAPM***by*Reinganum, Marc R.**463-476 The Informational Effects of Restrictions on Short Sales: Some Empirical Evidence***by*Figlewski, Stephen**477-492 Sorting Equilibria in Financial Markets: The Incentive Problem***by*Campbell, Tim S. & Kracaw, William A.**493-494 Discussion: Sorting Equilibria in Financial Markets: The Incentive Problem***by*Heinkel, Robert**495-510 Information Sets, Macroeconomic Reform, and Stock Prices***by*Lakonishok, Josef & Sadan, Simcha**511-513 Discussion: Information Sets, Macroeconomic Reform, and Stock Prices***by*Draper, Dennis W.**515-528 On the Pricing of Preferred Stock***by*Sorensen, Eric H. & Hawkins, Clark A.**529-531 Discussion: on the Pricing of Preferred Stock***by*Hoffmeister, J. Ronald**533-555 A Normative Approach to Pension Fund Management***by*Frankfurter, George M. & Hill, Joanne M.**557-558 Discussion: A Normative Approach to Pension Fund Management***by*Keenan, Michael**559-575 An Analysis of the Effects of a Multi-Tiered Stock Market***by*Reilly, Frank K. & Drzycimski, Eugene F.**577-579 Discussion: An Analysis of the Effects of a Multi-Tiered Stock Market***by*Price, Kelly**581-600 The Determinants of Bank Interest Margins: Theory and Empirical Evidence***by*Ho, Thomas S. Y. & Saunders, Anthony**601-602 Discussion: The Determinants of Bank Interest Margins: Theory and Empirical Evidence***by*Lerner, Eugene M.**603-623 Equal Access and Miller's Equilibrium***by*Shelton, Judy**631-633 Report of the Program Chairman***by*van Horne, James C.

### 1981, Volume 16, Issue 03

**257-278 The Systematic Risk of Corporate Bonds***by*Weinstein, Mark**279-300 Optimal Portfolio Insurance***by*Brennan, M.J. & Solanki, R.**301-322 The Design of a Cash Concentration System***by*Stone, Bernell K. & Hill, Ned C.**323-339 Negotiated versus Competitive Underwritings of Public Utility Bonds: Just One More Time***by*Fabozzi, Frank J. & West, Richard R.**341-360 Investing with Ben Graham: An Ex Ante Test of the Efficient Markets Hypothesis***by*Oppenheimer, Henry R. & Schlarbaum, Gary G.**361-373 A General Mean-Variance Approximation to Expected Utility for Short Holding Periods***by*Pulley, Lawrence B.**375-380 Beta Instability When Interest Rate Levels Change***by*Bildersee, John S. & Roberts, Gordon S.**381-388 A FORTRAN Program for Applying Sturm's Theorem in Counting Internal Rates of Return***by*Panton, Don B. & Verdini, William A.**389-395 A Comment on Mean-Variance Portfolio Selection with Either a Singular or a Non-Singular Variance-Covariance Matrix***by*Ryan, Peter J. & Lefoll, Jean**397-401 The Pricing of Premium Bonds: Comment***by*Caks, John**403-406 The Pricing of Premium Bonds: Reply***by*Livingston, Miles

### 1981, Volume 16, Issue 02

**147-167 Risk Policy and Long–Term Investment***by*Michaud, Richard O.**169-176 Necessary and Sufficient Conditions for the Mean-Variance Portfolio Model With Constant Risk Aversion***by*Epps, Thomas W.**177-192 An Econometric Approach to the FNMA Free Market System Auction***by*Miles, Mike & Sears, R. Stephen**193-206 Efficient Market Tests of the Informational Content of Dividend Announcements: Critique and Extension***by*Kwan, Clarence C. Y.**207-226 Factors Affecting Seasoned Corporate Bond Prices***by*Boardman, Calvin M. & McEnally, Richard W.**227-246 The Impact of Regulatory and Monetary Factors on Bank Loan Charges***by*Goldberg, Michael A.**247-253 Finding the Integer Efficient Frontier for Quadratic Capital Budgeting Problems***by*McBride, Richard D.

### 1981, Volume 16, Issue 01

**1-21 A Comparison of Growth Optimal and Mean Variance Investment Policies***by*Grauer, Robert R.**23-34 Divergence of Opinion and Risk***by*Bart, John & Masse, Isidore J.**35-51 Information Effects and Stock Market Response to Signs of Firm Deterioration***by*Altman, Edward I. & Brenner, Menachem**53-70 Extensions to Portfolio Theory to Reflect Vast Wealth Differences among Investors***by*Hessel, Christopher A.**71-93 Associations between Alternative Accounting Profitability Measures and Security Returns***by*Lee, Cheng-Few & Zumwalt, J. Kenton**95-111 Beta Nonstationarity, Portfolio Residual Risk and Diversification***by*Chen, Son-Nan**113-126 Investor Benefits from Corporate International Diversification***by*Brewer, H. L.**127-140 A Note on Estimating the Parameters of the Diffusion-Jump Model of Stock Returns***by*Beckers, Stan

### 1980, Volume 15, Issue 05

**1005-1023 Orthogonal Portfolios***by*Roll, Richard**1025-1040 Consumption, Investment, Market Price of Risk, and the Risk-Free Rate***by*Lin, Winston T. & Jen, Frank C.**1041-1061 Asset Pricing Under a Subset of Linear Risk Tolerance Functions and Log-Normal Market Returns***by*Hilliard, Jimmy E.**1063-1080 Applying the Market Model to Long-Term Corporate Bonds***by*Alexander, Gordon J.**1081-1105 Empirical Properties of the Black-Scholes Formula Under Ideal Conditions***by*Bhattacharya, Mihir**1107-1120 Generalized Functional Form for Mutual Fund Returns***by*Fabozzi, Frank J. & Francis, Jack C. & Lee, Cheng F.**1121-1127 An Analytical Examination of the Intervaling Effect on Skewness and Other Moments***by*Hawawini, Gabriel A.**1129-1148 Asymmetrical Information in Securities Markets and Trading Volume***by*Morse, Dale**1149-1162 Inter-Temporal Correlation of Cash Flows and the Risk of Multi-Period Investment Projects***by*Fuller, Russell J. & Kim, Sang-Hoon**1163-1196 The Influence of Dividends, Growth, and Leverage on Share Prices in the Electric Utility Industry: An Econometric Study***by*Mehta, Dileep R. & Moses, Edward A. & Deschamps, Benoit & Walker, Michael C.

### 1980, Volume 15, Issue 04

**773-783 Real and Nominal Magnitudes in Economics***by*Arrow, Kenneth J.**785-811 A Normative Approach to Bank Capital Adequacy***by*Talmor, Eli**813-832 Commercial Bank Lending: Process, Credit Scoring, and Costs of Errors in Lending***by*Altman, Edward I.**833-847 The Theory of Housing and Interest Rates***by*Kau, James B. & Keenan, Donald**849-850 Discussion: The Theory of Housing and Interest Rates***by*Wyatt, Steve**851-851 Abstract: The Investment Banking Contract for New Issues Under Asymmetric Information: Delegation and the Incentive Problem***by*Baron, D. P. & Holmström, B. R.**853-854 Abstract: Innovation and Communication: Signaling with Partial Disclosure***by*Bhattacharya, Sudipto & Ritter, Jay R.**855-869 Signaling, Information Content, and the Reluctance to Cut Dividends***by*Kalay, Avner**871-873 Discussion: Signaling, Information Content, and the Reluctance to Cut Dividends***by*Senbet, Lemma W.**875-905 Term-Risk Structures and the Valuation of Projects***by*Dothan, Uri & Williams, Joseph**907-929 Analyzing Convertible Bonds***by*Brennan, Michael J. & Schwartz, Eduardo S.**931-932 Discussion: Analyzing Convertible Bonds***by*Schaefer, Stephen M.**933-944 The Denomination of Foreign Trade Contracts Once Again***by*Cornell, Bradford**945-947 Discussion: The Denomination of Foreign Trade Contracts Once Again***by*Levich, Richard M.**949-967 Inflation and Foreign Exchange Rates Under Production and Monetary Uncertainty***by*Garman, Mark B. & Kohlhagen, Steven W.**969-972 Disscussion: Inflation and Foreign Exchange Rates Under Production and Monetary Uncertainty***by*Agmon, Tamir**973-994 The Exposure of Long-Term Foreign Currency Bonds***by*Adler, Michael & Dumas, Bernard**995-996 Discussion: The Exposure of Long-Term Foreign Currency Bonds***by*Higgins, Robert C.

### 1980, Volume 15, Issue 03

**497-508 The Cost of Information and Equilibrium in the Capital Asset Market***by*Owen, Joel & Rabinovitch, Ramon**509-540 Divergent Rates, Financial Restrictions and Relative Prices in Capital Market Equilibrium***by*Cheng, Pao L.**541-560 The Market Prefers Republicans: Myth or Reality***by*Riley, William B. & Luksetich, William A.**561-593 The Capital Asset Pricing Model, Inflation, and the Investment Horizon: The Israeli Experience***by*Levy, Haim**595-637 Accounting Betas, Systematic Operating Risk, and Financial Leverage: A Risk-Composition Approach to the Determinants of Systematic Risk***by*Hill, Ned C. & Stone, Bernell K.**639-654 Nonstationarity and Evaluation of Mutual Fund Performance***by*Miller, Tom W. & Gressis, Nicholas**655-688 Sampling Errors and Portfolio Efficient Analysis***by*Kroll, Yoram & Levy, Haim**689-717 Merger and Stockholder Risk***by*Langetieg, Terence C. & Haugen, Robert A. & Wichern, Dean W.**719-730 The Weighted Average Cost of Capital, Perfect Capital Markets, and Project Life: A Clarification***by*Miles, James A. & Ezzell, John R.**731-742 An Empirical Study of the Interest Rate Sensitivity of Commercial Bank Returns: A Multi-Index Approach***by*Lynge, Morgan J. & Zumwalt, J. Kenton**743-755 Interest Rates in the $Eurobond Market***by*Finnerty, Joseph E. & Schneeweis, Thomas & Hegde, Shantaram P.**757-770 A Note on the Comparison of Logit and Discriminant Models of Consumer Credit Behavior***by*Wiginton, John C.

### 1980, Volume 15, Issue 02

**253-266 Capital Asset Pricing with Proportional Transaction Costs***by*Milne, Frank & Smith, Clifford W.