Journal: Journal of Financial Research

Found 333 papers in total
Moral hazard and capital budgeting
Moral hazard and capital budgeting
1989,
In this paper, the effect of moral hazard on capital budgeting is examined. It is...
Impacts of relative size and industrial relatedness on returns to shareholders of acquiring firms
Impacts of relative size and industrial relatedness on returns to shareholders of acquiring firms
1989,
The premise of this paper is that in mergers the manageability of acquisitions...
Risk and return on newly listed stocks: the post-listing experience
Risk and return on newly listed stocks: the post-listing experience
1989,
Researchers consistently find that newly listed stocks underperform in the...
The cost of capital, macaulay's duration, and tobin's q
The cost of capital, macaulay's duration, and tobin's q
1989,
It is shown empirically that the cost of equity capital estimated from the dividend...
Estimation and selection bias in mean-variance portfolio selection
Estimation and selection bias in mean-variance portfolio selection
1989,
Much research has focused on the problem of selecting portfolios without the benefit...
Optimum corporate leverage with risky debt: a demand approach
Optimum corporate leverage with risky debt: a demand approach
1989,
Traditional models of corporate interior optimum leverage rely on institutional...
Basis volatility: implications for hedging
Basis volatility: implications for hedging
1989,
Most hedges placed in futures markets must be lifted before contract expiration, which...
The cost of including a call provision in municipal debt contracts
The cost of including a call provision in municipal debt contracts
1989,
Municipal bond market studies testing for the effect of a call provision on...
Skewness and kurtosis in japanese equity returns: empirical evidence
Skewness and kurtosis in japanese equity returns: empirical evidence
1989,
In this paper, the distribution of equity returns on the Tokyo Stock Exchange is...
Regulatory and procedural effects on the underpricing of initial public offerings
Regulatory and procedural effects on the underpricing of initial public offerings
1989,
In this paper, the pricing of initial public offerings (IPOs) is examined from the...
A NOTE ON THE BEHAVIOR OF SECURITY RETURNS: A TEST OF STOCK MARKET OVERREACTION AND EFFICIENCY
A NOTE ON THE BEHAVIOR OF SECURITY RETURNS: A TEST OF STOCK MARKET OVERREACTION AND EFFICIENCY
1989,
Researchers have debated stock market efficiency for years and have found several...
The underpricing of ‘second’ initial public offerings
The underpricing of ‘second’ initial public offerings
1989,
The underpricing of initial public offerings (IPOs) of equity represents a...
An examination of the yield spread between insured and uninsured debt
An examination of the yield spread between insured and uninsured debt
1989,
Currently, municipal bonds insured by major insurance firms receive the highest credit...
Determinants of valuation effects for security offerings of commercial bank holding companies
Determinants of valuation effects for security offerings of commercial bank holding companies
1989,
In this study, the impact of security issuance by bank holding companies is examined...
The risk implications of forecast errors of bank earnings, 1976‐1986
The risk implications of forecast errors of bank earnings, 1976‐1986
1989,
The forecast errors arising from security analysts' predictions of commercial bank...
The relationship between the variability of inflation and stock returns: an empirical investigation
The relationship between the variability of inflation and stock returns: an empirical investigation
1989,
Several researchers find a negative correlation between the rate of inflation and...
Intrinsic uncertainty and common-knowledge priors in financial economics
Intrinsic uncertainty and common-knowledge priors in financial economics
1989,
This article introduces the concept of intrinsic uncertainty, which occurs in the...
Earnings forecast revisions associated with stock split announcements
Earnings forecast revisions associated with stock split announcements
1989,
Recent studies document abnormal stock returns at stock split announcements. Three...
Restricted voting shares, ownership structure, and the market value of dual-class firms
Restricted voting shares, ownership structure, and the market value of dual-class firms
1989,
In this study, financial implications of differential voting right/multiple ordinary...
The effect of market proxy rebalancing policies on detecting abnormal performance
The effect of market proxy rebalancing policies on detecting abnormal performance
1989,
In this paper, effects on the measured abnormal performance of test portfolios are...
An analysis of the january effect in stocks and interest rates under varying monetary regimes
An analysis of the january effect in stocks and interest rates under varying monetary regimes
1989,
In this paper the meaning of the January effect is clarified. The early literature...
Direct tests of the divergence of opinion hypothesis in the market for racetrack betting
Direct tests of the divergence of opinion hypothesis in the market for racetrack betting
1989,
The ‘divergence of opinion’ hypothesis suggests predictable pricing...
Bootstrapping the number of factors in the arbitrage pricing theory
Bootstrapping the number of factors in the arbitrage pricing theory
1990,
The number of factors in the APT are re‐examined through a new methodology...
The impact of financing sources on multinational projects
The impact of financing sources on multinational projects
1990,
It is shown here that market imperfections, such as corporate taxes, are not a...
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