Journal: Journal of Financial Research

Found 333 papers in total
Simulation of portfolio returns: varying numbers of securities and holding periods
Simulation of portfolio returns: varying numbers of securities and holding periods
1982,
Variability may be measured around the long‐run market return by combining the...
The economic consequences of ESOPS
The economic consequences of ESOPS
1982,
The purpose of this paper is to assess the economic consequences of Employee Stock...
Single-period mean-variance in a multiperiod context
Single-period mean-variance in a multiperiod context
1982,
It is not readily apparent that the single‐period mean and variance are...
The hedging effectiveness of foreign currency futures
The hedging effectiveness of foreign currency futures
1982,
This study provides an initial analysis of the hedging potential of the foreign...
Duration, immunization, and hedging with interest rate futures
Duration, immunization, and hedging with interest rate futures
1982,
The recent advent of the interest rate futures markets has greatly enriched the...
Empirical analysis of municipal bond portfolio structure and performance
Empirical analysis of municipal bond portfolio structure and performance
1982,
The introduction of municipal bond mutual funds in 1976 as an alternative for...
Inflation, security values, and risk premia
Inflation, security values, and risk premia
1982,
The impact of stochastic inflation on the cross‐sectional structure of nominal...
Growth, beta and agency costs as determinants of dividend payout ratios
Growth, beta and agency costs as determinants of dividend payout ratios
1982,
A model of optimal dividend payout is presented in which increased dividends lower...
The information content of dividend changes
The information content of dividend changes
1982,
In this study, the open empirical question as to whether or not dividends contain...
Stock market returns and inflationary expectations: additional evidence for 1975‐1979
Stock market returns and inflationary expectations: additional evidence for 1975‐1979
1982,
This research investigates the impacts that inflationary expectations and errors in...
The dispersion of bids on individual new municipal issues
The dispersion of bids on individual new municipal issues
1982,
This paper examines the determinants of the dispersion of interest rates bid on...
Bank holding company expansion: a refocus on its financial rationale
Bank holding company expansion: a refocus on its financial rationale
1983,
This paper addresses managerial motivation, stockholder motivation, organizational...
Stock dividends as signals
Stock dividends as signals
1983,
This study analyzes stock dividends as signals from managers. It is argued that in the...
Securities inventories and excess returns
Securities inventories and excess returns
1983,
In this paper, the inventory positions of government security dealers are analyzed for...
An implicit clientele test of the relationship between taxation and capital structure
An implicit clientele test of the relationship between taxation and capital structure
1983,
This paper presents a test for the existence of high and low tax bracket debt...
An examination of federal agency debt pricing practices
An examination of federal agency debt pricing practices
1983,
Debt issuance procedures for federally sponsored agency securities differ considerably...
Alternative mortgage instruments: comparisons and a proposal
Alternative mortgage instruments: comparisons and a proposal
1983,
Personal income growth since 1950 has been similar to increases in housing prices. In...
The existence of heteroscedasticity and its effect on estimates of the market model parameters
The existence of heteroscedasticity and its effect on estimates of the market model parameters
1983,
A number of recent studies have found significant evidence of heteroscedasticity in...
Speculation and the market for recommendations
Speculation and the market for recommendations
1983,
The purpose of this paper is to investigate the theoretical value of information in a...
Incorporation of tax considerations into the computation of duration
Incorporation of tax considerations into the computation of duration
1983,
In this paper, the immunization process is extended to protect after‐tax...
Diversification and skewness in option portfolios
Diversification and skewness in option portfolios
1983,
Skewness in returns is relevant to option investors. Because options possess...
The effect of market conditions and risk classifications on market model parameters
The effect of market conditions and risk classifications on market model parameters
1983,
This article reports the results of tests used to detect shifts in market model...
Compensating balances and foreigners' dollar deposits in United States banks
Compensating balances and foreigners' dollar deposits in United States banks
1983,
Over the past 15 years, foreigners have been holding increasing quantities of dollars...
Interest rate hedging: an empirical test of alternative strategies
Interest rate hedging: an empirical test of alternative strategies
1983,
For hedging, financial and agricultural futures contracts differ in their usefulness....
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