Content
June 2004, Volume 10, Issue 2
- 213-224 Why Study Large Projects? An Introduction to Research on Project Finance
by Benjamin C. Esty - 225-234 Keeping Up with the Joneses and the Home Bias
by Beni Lauterbach & Haim Reisman - 235-266 Investor Sentiment and the Closed‐end Fund Puzzle: Out‐of‐sample Evidence
by John A. Doukas & Nikolaos T. Milonas - 267-293 Corporate Governance and Expected Stock Returns: Evidence from Germany
by Wolfgang Drobetz & Andreas Schillhofer & Heinz Zimmermann - 295-319 Why Do Firms Hold Cash? Evidence from EMU Countries
by Miguel A. Ferreira & Antonio S. Vilela - 321-338 Implied Foreign Exchange Risk Premia
by Nikolaos Panigirtzoglou - 339-373 Why Do European Firms Issue Convertible Debt?
by Franck Bancel & Usha R. Mittoo
March 2004, Volume 10, Issue 1
- 7-8 Introduction
by José Manuel Campa - 9-45 Shareholder Wealth Effects of European Domestic and Cross‐border Takeover Bids
by Marc Goergen & Luc Renneboog - 47-81 Shareholder Value Creation in European M&As
by José Manuel Campa & Ignacio Hernando - 83-108 Target Company Cross‐border Effects in Acquisitions into the UK
by Jo Danbolt - 109-139 Explaining M&A Success in European Banks
by Patrick Beitel & Dirk Schiereck & Mark Wahrenburg - 141-165 An Examination of Takeovers, Job Loss and the Wage Decline within UK Industry
by Til Beckmann & William Forbes - 167-195 Dynamics in Ownership and Firm Survival: Evidence from Corporate Germany
by Florian Heiss & Jens Köke
December 2003, Volume 9, Issue 4
- 419-420 Introduction
by Tjalling Van Der Goot - 421-434 Differences between European and American IPO Markets
by Jay R. Ritter - 435-455 Choice of Selling Mechanism at the IPO: the Case of the French Second Market
by Sigrid Vandemaele - 457-484 Privatisation Initial Public Offerings: the Polish Experience
by Ranko Jelic & Richard Briston - 485-511 Takeover Defences and IPO Firm Value in the Netherlands
by Peter Roosenboom & Tjalling Van Der Goot - 513-534 Should Firms Going Public Enjoy Tax Benefits? An Analysis of the Italian Experience in the 1990s
by Giancarlo Giudici & Stefano Paleari
September 2003, Volume 9, Issue 3
- 271-297 The Impact of Institutional Differences on Derivatives Usage: a Comparative Study of US and Dutch Firms
by Gordon M. Bodnar & Abe de Jong & Victor Macrae - 299-314 Incorporating Collateral Value Uncertainty in Loss Given Default Estimates and Loan‐to‐value Ratios
by Esa Jokivuolle & Samu Peura - 315-332 Price Differentials between Dual‐class Stocks: Voting Premium or Liquidity Discount?
by Robert Neumann - 333-360 Strategic Management of Cost Efficiencies in Networks: Cross‐country Evidence on European Branch Banking
by Nayantara D. Hensel - 361-378 Firm Defaults and the Correlation Effect
by Hans Gersbach & Alexander Lipponer - 379-406 Paying People to Lie: the Truth about the Budgeting Process
by Michael C. Jensen
June 2003, Volume 9, Issue 2
- 141-161 Secured Creditor Recovery Rates from Management Buy‐outs in Distress
by David Citron & Mike Wright & Rod Ball & Fred Rippington - 163-177 The Underinvestment and Overinvestment Hypotheses: an Analysis Using Panel Data
by Artur Morgado & Julio Pindado - 179-200 Dynamic Portfolio Selection: the Relevance of Switching Regimes and Investment Horizon
by Andreas Graflund & Birger Nilsson - 201-230 Conditioning Information and European Bond Fund Performance
by Florinda Silva & Maria do Céu Cortez & Manuel Rocha Armada - 231-250 Managerial Equity Ownership and the Demand for Outside Directors
by Kenneth V. Peasnell & Peter F. Pope & Steven Young - 251-259 Simple Construction of the Efficient Frontier
by David Feldman & Haim Reisman
March 2003, Volume 9, Issue 1
- 1-10 Passive Investment Strategies and Efficient Markets
by Burton G. Malkiel - 11-24 What Is an Asset Price Bubble? An Operational Definition
by Jeremy J. Siegel - 25-66 Herd Behaviour and Cascading in Capital Markets: a Review and Synthesis
by David Hirshleifer & Siew Hong Teoh - 67-88 Contrarian and Momentum Strategies in the Spanish Stock Market
by Carlos Forner & Joaquín Marhuenda - 89-116 Post–earnings–announcement Drift in the UK
by Weimin Liu & Norman Strong & Xinzhong Xu - 117-126 Spanish Stock Returns: Where is the Weather Effect?
by Angel Pardo & Enric Valor
December 2002, Volume 8, Issue 4
- 399-419 Competition on the London Stock Exchange
by Nicholas Taylor - 421-447 The Impact of Macroeconomic and Financial Variables on Market Risk: Evidence from International Equity Returns
by Dilip K. Patro & John K. Wald & Yangru Wu - 449-477 Yield Spread and Term to Maturity: Default vs. Liquidity
by Antonio Díaz & Eliseo Navarro - 479-493 Valuation Effects of Listing on a More Prominent Segment of the Stock Market: Evidence from France
by J. F. Bacmann & M. Dubois & C. Ertur - 495-513 Extracting Information from Options Markets: Smiles, State–Price Densities and Risk Aversion
by Christophe Pérignon & Christophe Villa - 515-527 A Note on the Three–Portfolios Matching Problem
by Fabio Trojani & Paolo Vanini & Luigi Vignola
September 2002, Volume 8, Issue 3
- 261-279 Performance and Policy of Foundation‐owned Firms in Germany
by Markus Herrmann & Günter Franke - 281-314 Diversification, Ownership and Control of Swedish Corporations
by John A. Doukas & Martin Holmen & Nickolaos G. Travlos - 315-358 The Structure of External Financing Costs and the Economies of Scale View: New Evidence from Seasoned Equity Offerings in Germany
by Thomas Buhner & Christophe Kaserer - 339-356 Stock Index‐linked Debt and Shareholder Value: Evidence from the Paris Bourse
by Gordon S. Roberts & Vasumathi Vijayraghavan & Sebouh Aintablian - 357-372 The Distribution of Information among Institutional and Retail Investors in IPOs
by Matti Keloharju & Sami Torstila - 373-385 Anatomy of the Eurobond Market 1980–2000
by Anouk Claes & Marc J.K. De Ceuster & Ruud Polfliet
June 2002, Volume 8, Issue 2
- 129-137 Neoclassical Finance, Alternative Finance and the Closed End Fund Puzzle
by Steven A. Ross - 139-164 The Effect of VaR Based Risk Management on Asset Prices and the Volatility Smile
by Arjan Berkelaar & Phornchanok Cumperayot & Roy Kouwenberg - 165-192 Board Overlap, Seat Accumulation and Share Prices
by Claudio Loderer & Urs Peyer - 193-210 Planning Your Own Debt
by Søren Nielsen & Rolf Poulsen - 211-228 Dispersion in Analyst Forecasts and the Profitability of Earnings Momentum Strategies
by Andreas Dische
March 2002, Volume 8, Issue 1
- 7-30 Short‐run Returns around the Trades of Corporate Insiders on the London Stock Exchange
by Sylvain Friederich & Alan Gregory & John Matatko & Ian Tonks - 31-58 Backtesting Derivative Portfolios with Filtered Historical Simulation (FHS)
by Giovanni Barone‐Adesi & Kostas Giannopoulos & Les Vosper - 59-73 Estimating Systematic Risk Using Time Varying Distributions
by Gregory Koutmos & Johan Knif - 75-101 European Mutual Fund Performance
by Roger Otten & Dennis Bams - 103-115 The New Basel Capital Accord: Making it Effective with Stronger Market Discipline
by Harald Benink & Clas Wihlborg
December 2001, Volume 7, Issue 4
- 447-480 The Emerging Role of the European Commission in Merger and Acquisition Monitoring: The Boeing–McDonnell Douglas Case
by Nihat Aktas & Eric De Bodt & Michel Levasseur & André Schmitt - 481-496 Why Do Firms Raise Foreign Currency Denominated Debt? Evidence from Finland
by Matti Keloharju & Mervi Niskanen - 497-522 Simulating the Evolution of the Implied Distribution
by George Skiadopoulos & Stewart Hodges - 523-541 What Determines IPO Gross Spreads in Europe?
by Sami Torstila - 543-562 Binomial Option Pricing Biases and Inconsistent Implied Volatilities
by Brent J. Lekvin & Ashish Tiwari
September 2001, Volume 7, Issue 3
- 297-317 Value Maximisation, Stakeholder Theory, and the Corporate Objective Function
by Michael Jensen - 319-349 Agency Costs and Strategic Considerations behind Sell‐offs: the UK Evidence
by Kevin M.J. Kaiser & Aris Stouraitis - 351-374 Smiles, Bid‐ask Spreads and Option Pricing
by Ignacio Peña & Gonzalo Rubio & Gregorio Serna - 375-392 Belgian Intragroup Relations and the Determinants of Corporate Liquid Reserves
by Marc Deloof - 393-417 Decomposing and Testing Long‐term Returns: an Application on Danish IPOs
by Jan Bo Jakobsen & Ole Sørensen - 419-434 The Impact of the Introduction of the Euro on Foreign Exchange Risk Management in UK Multinational Companies
by Eilidh Christie & Andrew Marshall
June 2001, Volume 7, Issue 2
- 147-159 Identifying the Risk Structure of Mutual Fund Returns
by Martin J. Gruber - 161-181 The Structure of Banking Systems in Developed and Transition Economies
by Dwight Jaffee & Mark Levonian - 183-211 Paying for Minimum Interest Rate Guarantees: Who Should Compensate Who?
by Bjarne Astrup Jensen & Carsten Sørensen - 213-236 European Managerial Perceptions of the Net Benefits of Foreign Stock Listings
by Franck Bancel & Cusha Mittoo - 237-258 Share Holder Wealth Effects of Corporate Selloffs: Impact of Growth Opportunities, Economic Cycle and Bargaining Power
by George Alexandrou & Sudi Sudarsanam - 259-290 The Effects of Liberalisation on Market and Currency Risk in the European Union
by Francesca Carrieri
March 2001, Volume 7, Issue 1
- 9-22 Efficiency in the Pricing of the FTSE 100 Futures Contract
by Joëlle Miffre - 23-38 The Pricing of French Unit Seasoned Equity Offerings
by Pierre Chollet & Edith Ginglinger - 39-72 Competition and Integration among Stock Exchanges in Europe: Network Effects, Implicit Mergers and Remote Access
by Carmine Di Noia - 73-91 Improving Portfolio Performance with Option Strategies: Evidence from Switzerland
by Dušan Isakov & Bernard Morard - 93-116 Stock Exchange Reforms and Market Efficiency: the Italian Experience
by Giovanni Majnoni & Massimo Massa - 117-130 Efficiency Barriers to the Consolidation of the European Financial Services Industry
by Allen N. Berger & Robert De Young & Gregory F. Udell
December 2000, Volume 6, Issue 4
- 423-440 The Deterring Role of the Medium of Payment in Takeover Contests: Theory and Evidence from the UK
by Philippe Cornu & Dušan Isakov* - 441-457 Ex Ante Hedging Effectiveness of UK Stock Index Futures Contracts: Evidence for the FTSE 100 and FTSE Mid 250 Contracts
by Darren Butterworth & Phil Holmes - 459-478 Interest Rate Risk of European Financial Corporations
by Peter Oertmann* & Christel Rendu & Heinz Zimmermann - 479-514 The Optimal Construction of Internationally Diversified Equity Portfolios Hedged Against Exchange Rate Uncertainty
by Glen A. Larsen, Jr. & Bruce G. Resnick - 515-531 Valuation Effects of Greek Stock Dividend Distributions
by George J. Papaioannou & Nickolaos G. Travlos & Nickolaos V. Tsangarakis* - 533-541 Takeovers: English and American
by Geoffrey Miller*
September 2000, Volume 6, Issue 3
- 277-300 Risk management lessons from Long‐Term Capital Management
by Philippe Jorion - 301-318 A survey into the use of derivatives by large non‐financial firms operating in Belgium
by Marc J. K. De Ceuster & Edward Durinck & Eddy Laveren & Jozef Lodewyckx - 319-342 Re‐assessing the long‐term underperformance of UK Initial Public Offerings
by Susanne Espenlaub & Alan Gregory & Ian Tonks - 343-366 Similarly traded securities: Greek common vs. preferred stock
by Nikolaos T. Milonas - 367-388 Risk structure of interest rates: an empirical analysis for Deutschemark‐denominated bonds
by Klaus Düllmann & Marliese Uhrig‐Homburg & Marc Windfuhr - 389-403 Venture capitalists, investment appraisal and accounting information: a comparative study of the USA, UK, France, Belgium and Holland
by Sophie Manigart & Koen De Waele* & Mike Wright & Ken Robbie & Philippe Desbrières & Harry Sapienza & Amy Beekman
June 2000, Volume 6, Issue 2
- 121-148 An explanation of the forward premium ‘puzzle’
by Richard Roll & Shu Yan - 149-171 Options and earnings announcements: an empirical study of volatility, trading volume, open interest and liquidity
by Monique, W.M. Donders & Roy Kouwenberg & Ton, C. F. Vorst - 173-196 Long‐run stock performance of German initial public offerings and seasoned equity issues
by Richard Stehle & Olaf Ehrhardt & René Przyborowsky - 197-212 An empirical analysis of corporate debt maturity structure
by Aydin Ozkan - 213-233 Cross‐sectional analysis of Swedish stock returns with time‐varying beta: the Swedish stock market 1983–96
by Hossein Asgharian & Björn Hansson - 235-260 Trading volatility spreads: a test of index option market efficiency
by Ser‐Huang Poon & Peter, F. Pope
March 2000, Volume 6, Issue 1
- 7-18 A currency index global capital asset pricing model
by Thomas J. O’Brien & Walter Dolde - 19-40 A theoretical analysis of alternative approaches to financial regulation
by Francesco M. Paris - 41-56 The information content of implied volatility, skewness and kurtosis: empirical evidence from long‐term CAC 40 options
by Patrick Navatte & Christophe Villa - 57-68 The direct costs of UK rights issues and open offers
by Seth Armitage - 69-84 International working capital practices in the UK
by Cecilia Ricci & Nino Vito - 85-98 Does the one man show pay? Theory and evidence on the dual CEO revisited
by Jay Dahya & Nickolaos Travlos
November 1999, Volume 5, Issue 3
- 323-340 Risk Aversion and the Bid–Ask Spread
by P. Roger & L. Eeckhoudt - 341-368 A Unifying Microstructure Framework for Modeling Intraday and Interday Asset Pricing Dynamics: the Case of Exchange Rates
by Thierry Chauveau & Richard Topol - 369-394 Is there Value‐Added Information in Liquidity and Risk Premiums?
by Jacques Hamon & Bertrand Jacquillat - 395-410 Short Sales Constraints, Liquidity and Price Discovery: An Empirical Analysis on the Paris Bourse
by Bruno Biais & Christophe Bisière & Jean‐Paul Décamps - 411-424 Earnings Announcements, Asymmetric Information, Trades and Quotes
by Jean‐François Gajewski - 425-440 The Valuation of Interest Rate Digital Options and Range Notes Revisited
by Patrick Navatte & François Quittard‐Pinon
July 1999, Volume 5, Issue 2
- 133-141 Financial architecture
by Stewart C. Myers - 143-163 Herding in analyst earnings forecasts: evidence from the United Kingdom
by Werner F. M. De Bondt & William P. Forbes* - 165-202 Dual‐listings on international exchanges: the case of emerging markets’ stocks
by Ana Paula Serra - 203-222 A one‐factor volatility smile model with closed‐form solutions for European options
by Anlong Li - 223-239 A multi‐factor model for the risk management of portfolios
by Sandra Peterson & Richard C. Stapleton - 241-257 Exchange rate exposure, foreign involvement and currency hedging of firms: some Swedish evidence
by Stefan Nydahl*
March 1999, Volume 5, Issue 1
- 9-27 The Role of Beta and Size in the Cross‐Section of European Stock Returns
by Steven L. Heston & K. Geert Rouwenhorst & Roberto E. Wessels - 29-42 Accounting for the Accuracy of Beta Estimates in CAPM Tests on Assets with Time‐varying Risks
by Tom Berglund & Johan Knif - 43-68 The Government As Venture Capitalist: Organisational Structure and Contract Design in Germany's Privatisation Process
by I. J. Alexander Dyck & Karen H. Wruck - 69-84 Price Limits and Stock Market Volatility in the Athens Stock Exchange
by Kate Phylaktis & Manolis Kavussanos & Gikas Manalis - 85-102 Forecasting the Correlation Structure of German Stock Returns: A Test of Firm‐Specific Factor Models
by Manfred Steiner & Martin Wallmeier - 103-116 Banking and Capital Market Activity in Dublin: Recent Developments and Future Prospects under the Euro
by Robert W. Hutchinson
November 1998, Volume 4, Issue 3
- 293-319 On the Predictability of the Stock Market Volatility: Does History Matter?
by Kate Adjaoute & Martin Bruand & Rajna Gibson‐Asner - 321-333 Optimal Hedging and the Partial Loss Offset Provision
by Eric Briys & François De Varenne - 335-360 Contestability and Pay Differential in the Executive Suites
by James S. Ang & Shmuel Hauser & Beni Lauterbach - 361-377 Macroeconomic Determinants of European Stock Market Volatility
by Vihang Errunza & Ked Hogan - 379-399 Determinants of Swap Spreads in a Developing Financial Market: Evidence from Finland
by Antti Suhonen - 401-423 The Two Key Principles Behind Effective TQM Programs
by Karen Hopper Wruck & Michael C. Jensen
July 1998, Volume 4, Issue 2
- 113-120 The M&M Propositions 40 Years Later
by Merton H. Miller - 121-142 The Diversion of Order Flow on French Stocks from CAC to SEAQ International: a Field Study
by Bertrand Jacquillat & Carole Gresse - 143-157 Taxes, M‐M Propositions and Government’s Implicit Cost of Capital in Investment Projects in the Private Sector
by Dan Galai - 159-184 The Determinants of the Leasing Decision of Small and Large Companies
by M.Ameziane Lasfer & Mario Levis - 185-206 The Quasi‐split Effect, Active Insiders and the Italian Market Reaction to Equity Rights Issues
by Marco Bigelli - 207-230 Macroeconomic Factors and the Asymmetric Predictability of Conditional Variances
by Iftekhar Hasan & Bill B. Francis - 231-282 Pricing Bonds and Bond Options with Default Risk
by Emilio Barone & Giovanni Barone‐Adesi & Antonio Castagna
November 1997, Volume 3, Issue 3
- 255-268 Interest Rate Risk Management in Major Finnish Firms
by Antti Hakkarainen & Eero Kasanen & Vesa Puttonen - 269-292 Pricing and Hedging of Contingent Claims in Term Structure Models with Exogenous Issuing of New Bonds
by Daniel Sommer - 293-319 Non‐addictive Habit Formation and the Equity Premium Puzzle
by Milind M. Shrikhande - 321-332 Pricing of Futures Contracts on Coupon Bonds: Empirical Evidence from Finland
by Jari Käppi - 333-361 Financial Systems, Corporate Finance and Corporate Governance
by Reinhard H. Schmidt & Marcel Tyrell - 363-364 Book Review
by Bruce Seifert
July 1997, Volume 3, Issue 2
- 135-154 Structuring Deposit Insurance for a United Europe
by Anthony M. Santomero & Jeffrey J. Trester - 155-174 Risk Management of Correlation Products
by James M. Mahoney - 175-190 Market Efficiency, Thin Trading and Non‐linear Behaviour: Evidence from an Emerging Market
by Antonios Antoniou & Nuray Ergul & Phil Holmes - 191-208 Large UK Companies and Derivatives
by Kevin Grant & Andrew P. Marshall - 209-235 Price Interactions in a Sequential Global Market: Evidence from the Cross‐listed Stocks
by Cheol S. Eun & Hoyoon Jang - 237-249 Scrip Dividends: the Management's View
by M. Ameziane Lasfer
March 1997, Volume 3, Issue 1
- 9-22 The World Price of Foreign Exchange Risk: Some Synthetic Comments
by Bruno Solnik - 23-43 Large Shareholdings and Corporate Control: An Analysis of Stake Purchases by French Holding Companies
by Saugata Banerjee & Benoit Leleux & Theo Vermaelen - 45-62 The Arrival Rate of Initial Public Offers in the UK
by William P. Rees - 63-84 An equilibrium approach to pricing foreign currency options
by Carsten Sørensen - 85-97 Credit Risk Exposure with Currency Swaps
by Robert Christophor Coppes
November 1996, Volume 2, Issue 3
- 263-271 Using futures contracts for corporate hedging: The problem of expiry and a possible solution
by Anthony Neuberger - 273-297 Testing the bivariate mixture hypothesis using German Stock market data
by Robert C. Jung & Roman Liesenfeld - 299-310 Equity rights issues: Signalling vs issue price irrelevance hypothesis
by Nickolaos V. Tsangarakis - 311-330 The cost of bank loans in relation to bonds swapped into a floating rate
by Seth Armitage - 331-353 European banking integration, ten years after
by Jean Dermine - 355-365 Trade Transparency and the London Stock Exchange
by John Board & Charles Sutcliffe - 367-368 The relation between spot and futures prices: The impact of the early unwind option
by Alexander Kempf - 369-370 Dividend policy and convertible stocks in the UK
by Balasingham Balachandran
July 1996, Volume 2, Issue 2
- 157-167 Arithmetic versus geometric mean estimators: Setting discount rates for capital budgeting
by Ian Cooper - 169-196 Persistence and mean reversion in UK stock returns
by Ser‐Huang Poon - 197-221 Corporate performance and firm perception: The British experience
by Sudhir Nanda & Thomas Schneeweis & Kristina Eneroth - 223-245 Eva®*: An integrated financial management system*
by Joel M. Stern & G. Bennett Stewart & Donald H. Chew - 247-256 Sovereign risk assessment and agency credit ratings
by Richard Cantor & Frank Packer
March 1996, Volume 2, Issue 1
- 1-1 Managing Editor's Statement
by John Doukas - 11-22 Does the cost of capital differ across countries? An agency perspective
by René M. Stulz - 23-38 Interim dividend cuts and omissions in the UK
by Balasingham Balachandran & John Cadle & Michael Theobald - 39-67 Adverse selection, volume and transactions around dividend announcements in a continuous auction system
by Gonzalo Rubio & Mikel Tapia - 69-95 Expiration day effects of stock index derivatives in Germany
by Christian Schlag - 97-112 An empirical investigation of the factors that determine the pricing of Dutch index warrants
by Frans De Roon & Chris Veld - 113-126 Stock prices and the flow of information in the Athens Stock Exchange
by Kate Phylaktis & Manolis G Kavussanos & Gikas Manalis - 127-145 Determinants of the components of bid‐ask spreads on stocks
by Sung‐Hun Kim & Joseph P. Ogden
November 1995, Volume 1, Issue 3
- 223-240 The role of defensive strategies and ownership structure of target firms: Evidence from UK hostile takeover bids
by P. S. Sudarsanam - 241-263 Measuring macroeconomic exposure: The case of Volvo Cars
by Lars Oxelheim & Clas Wihlborg - 265-285 Agency costs, taxes and debt: The UK evidence
by M. Ameziane Lasfer - 287-315 Going public in the 1980s: Evidence from Sweden
by Kristian Rydqvist & Kenneth Högholm - 317-329 The intertemporal volatility structure of Euro CD rates
by Bala Arshanapalli & John Doukas & Larry H. P. Lang - 331-340 Innovation in Euromarket hybrid funding instruments
by Andrew P. Marshall
July 1995, Volume 1, Issue 2
- 105-124 Correlation risk, cross‐market derivative products and portfolio performance
by T. S. Ho & Richard C. Stapleton & Marti G. Subrahmanyam - 125-146 Seasoned equity offerings and the short‐ and long‐run performance of initial public offerings in the UK
by Mario Levis - 173-200 European day‐of‐the‐week effects, beta asymmetries and international herding
by Eric C. Chang & J. Michael Pinegar & R. Ravichandran - 201-210 The search for evidence of chaos in FTSE‐100 daily returns
by Paula L. Varson & Paul Doran - 211-236 Implications of European equity derivatives for corporate finance: Mirror trading, equity swaps and LEPOs
by Brian Scott‐Quinn & Gang Shyy & Julian Walmsley
March 1995, Volume 1, Issue 1
- 1-2 Managing editor's statement
by John Doukas - 11-22 The cost of capital in internationally integrated markets: The case of Nestlé
by René M. Stulz - 23-36 Corporate governance and incentives in German companies: Evidence from top executive turnover and firm performance
by Steven N. Kaplan - 37-48 Interest rate linkages within the EMS and bank credit supply
by Andrew H. Chen & Sumon C. Mazumdar - 49-59 Strategic returns to international diversification: An application to the equity markets of Europe, Japan and North America
by John Ammer & Jianping Mei - 61-86 European monetary arrangements: Implications for the dollar, exchange rate variability and credibility
by Mali J. Edison & Linda S. Kole - 87-95 An introduction to exotic options
by Peter G. Zhang