Journal: Journal of Financial Research

Found 333 papers in total
The anomalous and asymmetric nature of equity returns: an empirical synthesis
The anomalous and asymmetric nature of equity returns: an empirical synthesis
1984,
On the basis of seemingly anomalous common stock returns, several authors have...
Price volatility of municipal discount bonds
Price volatility of municipal discount bonds
1985,
The price volatility of municipal bonds is a vital concern to bankers and regulators....
Expectations, interest rates, and commercial bank stocks
Expectations, interest rates, and commercial bank stocks
1985,
This study examines the effect of current and expected interest rate changes on bank...
The agency cost rationale for refunding discounted bonds
The agency cost rationale for refunding discounted bonds
1985,
The purpose of this paper is to enhance the understanding of management's motivation...
Distributions of financial ratios in the commercial banking industry
Distributions of financial ratios in the commercial banking industry
1985,
Much research in banking assumes that the data are normally distributed. There has...
The impact of creditwatch placement on equity returns and bond prices
The impact of creditwatch placement on equity returns and bond prices
1985,
This paper examines the equity returns and bond prices of firms around the dates of...
A NEW APPROACH TO CONTROLLING FOR THIN TRADING
A NEW APPROACH TO CONTROLLING FOR THIN TRADING
1985,
Recent research has shown that thin trading can seriously bias beta estimates. Present...
An arbitrage pricing approach to evaluating mutual fund performance
An arbitrage pricing approach to evaluating mutual fund performance
1985,
A test procedure, derived from arbitrage pricing theory, that permits the measurement...
Further evidence on the liquidity effects of stock splits and stock dividends
Further evidence on the liquidity effects of stock splits and stock dividends
1985,
Currently, there is a limited amount of empirical evidence suggesting that stock...
On the diminishing return to trade credit
On the diminishing return to trade credit
2015,
We examine the relation between excess returns and corporate trade credit policy....
Brokerage commissions and mutual fund performance
Brokerage commissions and mutual fund performance
2015,
In this article we analyze fund‐level data on brokerage commissions paid by...
Target financial independence and takeover pricing
Target financial independence and takeover pricing
2015,
In a large sample of U.S. takeovers, we find that acquisitions of targets with greater...
Do motivated institutional investors monitor firm payout and performance?
Do motivated institutional investors monitor firm payout and performance?
2015,
We document a positive relation between shareholder monitoring and total payout to...
Industry momentum in an earlier time: evidence from the cowles data
Industry momentum in an earlier time: evidence from the cowles data
2015,
Virtually all evidence on the efficacy of momentum strategies arises from the...
Corporate Governance And Capital Structure Dynamics: An Empirical Study
Corporate Governance And Capital Structure Dynamics: An Empirical Study
2015,
Consistent with theoretical predictions, we find that both a higher level of financial...
SKEWNESS AND THE ASYMMETRY IN EARNINGS ANNOUNCEMENT RETURNS
SKEWNESS AND THE ASYMMETRY IN EARNINGS ANNOUNCEMENT RETURNS
2015,
Much of traditional asset pricing theory rests on the assumption of normality in the...
EFFECT OF BANK MONITORING ON EARNINGS MANAGEMENT OF THE BORROWING FIRM: AN EMPIRICAL INVESTIGATION
EFFECT OF BANK MONITORING ON EARNINGS MANAGEMENT OF THE BORROWING FIRM: AN EMPIRICAL INVESTIGATION
2015,
The literature on bank monitoring posits that strong bank monitoring can either...
CONVERTIBLE SECURITIES AND HETEROGENEITY OF INVESTOR BELIEFS
CONVERTIBLE SECURITIES AND HETEROGENEITY OF INVESTOR BELIEFS
2015,
We conjecture that convertibles can better attract investors with different beliefs...
A NEW PERSPECTIVE ON DIRECTOR BUSYNESS
A NEW PERSPECTIVE ON DIRECTOR BUSYNESS
2015,
We provide a new perspective to the multiple directorships literature, which focuses...
Bond market reaction to stock repurchases: is there a wealth transfer effect?
Bond market reaction to stock repurchases: is there a wealth transfer effect?
2011,
We reexamine the bondholder wealth impact of stock repurchases with a focus on the...
The endogeneity of information asymmetry and corporate financing decisions
The endogeneity of information asymmetry and corporate financing decisions
2011,
Firms endogenize the extent of information asymmetry by choosing the optimal level and...
The brokerage firm effect in herding: evidence from Indonesia
The brokerage firm effect in herding: evidence from Indonesia
2011,
We examine herding behavior of domestic and foreign investors in the Indonesian stock...
A MICROSTRUCTURE ANALYSIS OF THE LIQUIDITY IMPACT OF OPEN MARKET REPURCHASES
A MICROSTRUCTURE ANALYSIS OF THE LIQUIDITY IMPACT OF OPEN MARKET REPURCHASES
2011,
We examine the liquidity impact of Canadian open market repurchases and find that...
Earnings news and market risk: is the magnitude of the postearnings announcement drift underestimated?
Earnings news and market risk: is the magnitude of the postearnings announcement drift underestimated?
2011,
Postearnings announcement drift is the tendency for cumulative abnormal returns to...
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