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Journal of Finance¶

  1. A Model of Returns and Trading in Futures Markets, 2000, Harrison Hong
  2. A Test of the Relative Pricing Effects of Dividends and Earnings: Evidence from Simultaneous Announcements in Japan, 2000, Robert M. Conroy; Kenneth M. Eades; Robert S. Harris
  3. A Theory of Bank Capital, 2000, Douglas W. Diamond; Raghuram G. Rajan
  4. A Theory of Dividends Based on Tax Clienteles, 2000, Franklin Allen; Antonio E. Bernardo; Ivo Welch
  5. Agency Conflicts in Public and Negotiated Transfers of Corporate Control, 2000, Mike Burkart; Denis Gromb; Fausto Panunzi
  6. Agency Costs and Ownership Structure, 2000, James S. Ang; Rebel A. Cole; James Wuh Lin
  7. Agency Problems and Dividend Policies around the World, 2000, Florencio Lopez‐De‐Silanes; Rafael La Porta; Andrei Shleifer; Robert W. Vishny
  8. An Analysis of Finance Journal Impact Factors, 2000, Kenneth A. Borokhovich; Robert J. Bricker; Betty J. Simkins
  9. Arbitrage and the Expectations Hypothesis, 2000, Francis A. Longstaff
  10. Asset Pricing at the Millennium, 2000, John Y. Campbell
  11. Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies, 2000, Harrison Hong; Terence Lim; Jeremy C. Stein
  12. Can Relationship Banking Survive Competition?, 2000, Arnoud W. A. Boot; Anjan V. Thakor
  13. Characteristics, Covariances, and Average Returns: 1929 to 1997, 2000, James L. Davis; Eugene F. Fama; Kenneth R. French
  14. Competition on the Nasdaq and the Impact of Recent Market Reforms, 2000, James P. Weston
  15. Conditional Skewness in Asset Pricing Tests, 2000, Campbell R. Harvey; Akhtar Siddique
  16. Conflicts of Interest and Market Illiquidity in Bankruptcy Auctions: Theory and Tests, 2000, Per Strömberg
  17. Continuous‐Time Methods in Finance: A Review and an Assessment, 2000, Suresh M. Sundaresan
  18. Corporate Equity Ownership, Strategic Alliances, and Product Market Relationships, 2000, Jeffrey W. Allen; Gordon M. Phillips
  19. Corporate Reorganizations and Non‐Cash Auctions, 2000, Matthew Rhodes‐Kropf; S. Viswanathan
  20. Crossing Networks and Dealer Markets: Competition and Performance, 2000, Terrence Hendershott; Haim Mendelson
  21. Demand Curves for Stocks Do Slope Down: New Evidence from an Index Weights Adjustment, 2000, Aditya Kaul; Vikas Mehrotra; Randall Morck
  22. Depositary Receipts, Country Funds, and the Peso Crash: The Intraday Evidence, 2000, Warren Bailey; Kalok Chan; Y. Peter Chung
  23. Discussion, 2000, Daniel G. Weaver
  24. Discussion, 2000, Robert Marquez
  25. Discussion, 2000, Narasimhan Jegadeesh
  26. Discussion, 2000, Tobias J. Moskowitz
  27. Does Option Compensation Increase Managerial Risk Appetite?, 2000, Jennifer N. Carpenter
  28. Effectiveness of Capital Regulation at U.S. Commercial Banks, 1985 to 1994, 2000, Armen Hovakimian; Edward J. Kane
  29. Equilibrium Forward Curves for Commodities, 2000, Bryan R. Routledge; Duane J. Seppi; Chester S. Spatt
  30. Equity Undervaluation and Decisions Related to Repurchase Tender Offers: An Empirical Investigation, 2000, Ranjan D'Mello; Pervin K. Shroff
  31. Explaining the Poor Performance of Consumption‐based Asset Pricing Models, 2000, John Y. Campbell; John H. Cochrane
  32. Financial Innovation and the Role of Derivative Securities: An Empirical Analysis of the Treasury STRIPS Program, 2000, Mark Grinblatt; Francis A. Longstaff
  33. Financing Policy, Basis Risk, and Corporate Hedging: Evidence from Oil and Gas Producers, 2000, G. David Haushalter
  34. Firm Size and Cyclical Variations in Stock Returns, 2000, Gabriel Perez‐Quiros; Allan Timmermann
  35. Foreign Speculators and Emerging Equity Markets, 2000, Geert Bekaert; Campbell R. Harvey
  36. Foundations of Technical Analysis: Computational Algorithms, Statistical Inference, and Empirical Implementation, 2000, Andrew W. Lo; Harry Mamaysky; Jiang Wang
  37. Fund Advisor Compensation in Closed‐End Funds, 2000, Jeffrey L. Coles; Jose Suay; Denise Woodbury
  38. Going Public without Governance: Managerial Reputation Effects, 2000, Armando Gomes
  39. Hedging Pressure Effects in Futures Markets, 2000, Theo E. Nijman; Frans A. De Roon; Chris Veld
  40. Hostility in Takeovers: In the Eyes of the Beholder?, 2000, G. William Schwert
  41. How Big Are the Tax Benefits of Debt?, 2000, John R. Graham
  42. How Does Information Quality Affect Stock Returns?, 2000, Pietro Veronesi
  43. Imperfect Competition among Informed Traders, 2000, Kerry Back; C. Henry Cao; Gregory A. Willard
  44. In Search of New Foundations, 2000, Luigi Zingales
  45. Inference in Long‐Horizon Event Studies: A Bayesian Approach with Application to Initial Public Offerings, 2000, Alon Brav
  46. Information Asymmetry, R&D, and Insider Gains, 2000, David Aboody; Baruch Lev
  47. Investing for the Long Run when Returns Are Predictable, 2000, Nicholas Barberis
  48. Investment Plans and Stock Returns, 2000, Owen A. Lamont
  49. Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business Groups, 2000, Tarun Khanna; Krishna Palepu
  50. Is the Short Rate Drift Actually Nonlinear?, 2000, David A. Chapman; Neil D. Pearson
  51. Liquidity and Liquidation: Evidence from Real Estate Investment Trusts, 2000, David T. Brown
  52. Mean Reversion across National Stock Markets and Parametric Contrarian Investment Strategies, 2000, Ronald Balvers; Erik Gilliland; Yangru Wu
  53. Minutes of the Annual Membership Meeting, 2000, David H. Pyle
  54. Monitoring and Structure of Debt Contracts, 2000, Cheol Park
  55. Multiple versus Single Banking Relationships: Theory and Evidence, 2000, Enrica Detragiache; Paolo Garella; Luigi Guiso
  56. Mutual Fund Performance: An Empirical Decomposition into Stock‐Picking Talent, Style, Transactions Costs, and Expenses, 2000, Russ Wermers
  57. Option Prices, Implied Price Processes, and Stochastic Volatility, 2000, Mark Britten‐Jones; Anthony Neuberger
  58. Order Flow and Liquidity around NYSE Trading Halts, 2000, Shane A. Corwin; Marc L. Lipson
  59. Order Flow, Transaction Clock, and Normality of Asset Returns, 2000, Thierry Ané; Hélyette Geman
  60. Outside Equity, 2000, Stewart C. Myers
  61. Portfolio Choice and Asset Prices: The Importance of Entrepreneurial Risk, 2000, John Heaton; Deborah Lucas
  62. Portfolio Selection and Asset Pricing Models, 2000, ÄœuboĆĄ PĂĄstor
  63. Predictability and Transaction Costs: The Impact on Rebalancing Rules and Behavior, 2000, Pierluigi Balduzzi; Anthony W. Lynch
  64. Presidential Address: Friction, 2000, Hans R. Stoll
  65. Price Discovery in Initial Public Offerings and the Role of the Lead Underwriter, 2000, Reena Aggarwal; Pat Conroy
  66. Price Discovery without Trading: Evidence from the Nasdaq Preopening, 2000, Charles Cao; Eric Ghysels; Frank Hatheway
  67. Price Momentum and Trading Volume, 2000, Charles M.C. Lee; Bhaskaran Swaminathan
  68. Reduction of Constraints on Arbitrage Trading and Market Efficiency: An Examination of Ex‐Day Returns in Hong Kong after Introduction of Electronic Settlement, 2000, Palani‐Rajan Kadapakkam
  69. Report of the Editor for His Tenure and 1999, 2000, René M. Stulz
  70. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1999, 2000, David H. Pyle
  71. Selection Editor's Introduction, 2000, Franklin Allen
  72. Some Evidence on the Uniqueness of Initial Public Debt Offerings, 2000, Sudip Datta; Mai Iskandar‐Datta; Ajay Patel
  73. Sorting Out Sorts, 2000, Jonathan B. Berk
  74. Specification Analysis of Affine Term Structure Models, 2000, Qiang Dai; Kenneth J. Singleton
  75. Stabilization Activities by Underwriters after Initial Public Offerings, 2000, Reena Aggarwal
  76. Stock Market Liberalization, Economic Reform, and Emerging Market Equity Prices, 2000, Peter Blair Henry
  77. Stock Repurchases in Canada: Performance and Strategic Trading, 2000, David Ikenberry; Josef Lakonishok; Theo Vermaelen
  78. Stock Splits, Tick Size, and Sponsorship, 2000, Paul Schultz
  79. Taking Stock: Equity‐Based Compensation and the Evolution of Managerial Ownership, 2000, Eli Ofek; David Yermack
  80. The American Put Option and Its Critical Stock Price, 2000, David S. Bunch; Herb Johnson
  81. The Cost of Diversity: The Diversification Discount and Inefficient Investment, 2000, Raghuram Rajan; Henri Servaes; Luigi Zingales
  82. The Dark Side of Internal Capital Markets: Divisional Rent‐Seeking and Inefficient Investment, 2000, David S. Scharfstein; Jeremy C. Stein
  83. The Effect of Bank Relations on Investment Decisions: An Investigation of Japanese Takeover Bids, 2000, Jun‐Koo Kang; Anil Shivdasani; Takeshi Yamada
  84. The Effect of Options on Stock Prices: 1973 to 1995, 2000, Sorin M. Sorescu
  85. The Equity Share in New Issues and Aggregate Stock Returns, 2000, Malcolm Baker; Jeffrey Wurgler
  86. The Exploitation of Relationships in Financial Distress: The Case of Trade Credit, 2000, Benjamin S. Wilner
  87. The Impact of Global Equity Offerings, 2000, Susan Chaplinsky; Latha Ramchand
  88. The Information Value of Bond Ratings, 2000, Doron Kliger; Oded Sarig
  89. The Relation between Stock Market Movements and NYSE Seat Prices, 2000, Donald B. Keim; Ananth Madhavan
  90. The Seven Percent Solution, 2000, Hsuan‐Chi Chen; Jay R. Ritter
  91. Time Variation of Ex‐Dividend Day Stock Returns and Corporate Dividend Capture: A Reexamination, 2000, Andy Naranjo; M. Nimalendran; Mike Ryngaert
  92. Time and the Price Impact of a Trade, 2000, Alfonso Dufour; Robert F. Engle
  93. Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors, 2000, Brad M. Barber; Terrance Odean
  94. Trading Volume and Cross‐Autocorrelations in Stock Returns, 2000, Tarun Chordia; Bhaskaran Swaminathan
  95. Trading and Returns under Periodic Market Closures, 2000, Harrison Hong; Jiang Wang
  96. Truth in Mutual Fund Advertising: Evidence on Future Performance and Fund Flows, 2000, Prem C. Jain; Joanna Shuang Wu
  97. When the Underwriter Is the Market Maker: An Examination of Trading in the IPO Aftermarket, 2000, Katrina Ellis; Roni Michaely; Maureen O'Hara

Journal of Financial Economics¶

  1. 'Time to build, option value and investment decisions': a comment, 2000, Alistair Milne; A Elizabeth Whalley
  2. A study towards a unified approach to the joint estimation of objective and risk neutral measures for the purpose of options valuation, 2000, Mikhail Chernov; Eric Ghysels
  3. Abnormal returns to rivals of acquisition targets: A test of the 'acquisition probability hypothesis', 2000, Moon H. Song; Ralph A. Walkling
  4. Altering the terms of executive stock options, 2000, Menachem Brenner; Rangarajan K. Sundaram; David Yermack
  5. Alternative flotation methods, adverse selection, and ownership structure: evidence from seasoned equity issuance in the U.K., 2000, K. W. L. Lai; M. B. Slovin; M. E. Sushka
  6. An empirical examination of the convexity bias in the pricing of interest rate swaps, 2000, Anurag Gupta; Marti G. Subrahmanyam
  7. Bankruptcy auctions: costs, debt recovery, and firm survival, 2000, Karin S. Thorburn
  8. Can book-to-market, size and momentum be risk factors that predict economic growth?, 2000, Jimmy Liew; Maria Vassalou
  9. Can transparent markets survive?, 2000, Robert Bloomfield; Maureen O'Hara
  10. Commonality in liquidity, 2000, Tarun Chordia; Richard Roll; Avanidhar Subrahmanyam
  11. Comparing asset pricing models: an investment perspective, 2000, Lubos Pastor; Robert F. Stambaugh
  12. Controlling stockholders and the disciplinary role of corporate payout policy: a study of the Times Mirror Company, 2000, Harry Deangelo; Linda Deangelo
  13. Corporate governance in the Asian financial crisis, 2000, Peter Boone; Alasdair Breach; Eric Friedman; Simon Johnson
  14. Corporate governance proposals and shareholder activism: the role of institutional investors, 2000, Stuart L. Gillan; Laura T. Starks
  15. Corporate policies restricting trading by insiders, 2000, J. C. Bettis; J. L. Coles; M. L. Lemmon
  16. DOS Kapital: Has antitrust action against Microsoft created value in the computer industry?, 2000, George Bittlingmayer; Thomas W. Hazlett
  17. Do stock market liberalizations cause investment booms?, 2000, Peter Blair Henry
  18. Eighths, sixteenths, and market depth: changes in tick size and liquidity provision on the NYSE, 2000, Michael A. Goldstein; Kenneth A. Kavajecz
  19. Factors affecting investment bank initial public offering market share, 2000, Craig G. Dunbar
  20. Finance and the sources of growth, 2000, Thorsten Beck; Ross Levine; Norman Loayza
  21. Financial flexibility and the choice between dividends and stock repurchases, 2000, Murali Jagannathan; Clifford P. Stephens; Michael S. Weisbach
  22. Financial markets and the allocation of capital, 2000, Jeffrey Wurgler
  23. From cradle to grave: How to loot a 401(k) plan, 2000, Richard Stanton
  24. Herding among security analysts, 2000, Ivo Welch
  25. Indexed executive stock options, 2000, Shane A. Johnson; Yisong S. Tian
  26. Investment bank market share, contingent fee payments, and the performance of acquiring firms, 2000, P. Raghavendra Rau
  27. Investor protection and corporate governance, 2000, Florencio Lopez-De-Silanes; Rafael La Porta; Andrei Shleifer; Robert Vishny
  28. Is the abnormal return following equity issuances anomalous?, 2000, Alon Brav; Christopher Geczy; Paul A. Gompers
  29. Just another day in the inter-bank foreign exchange market, 2000, Rajesh Chakrabarti
  30. Liquidity, investment ability, and mutual fund structure, 2000, Vikram Nanda; M. P. Narayanan; Vincent A. Warther
  31. Making markets for structured mortgage derivatives, 2000, George S. Oldfield
  32. Managerial discipline and corporate restructuring following performance declines, 2000, David J. Denis; Timothy A. Kruse
  33. Money chasing deals? The impact of fund inflows on private equity valuation, 2000, Paul Gompers; Josh Lerner
  34. On the optimality of resetting executive stock options, 2000, Viral V. Acharya; Kose John; Rangarajan K. Sundaram
  35. Seasoned public offerings: resolution of the 'new issues puzzle', 2000, B. Espen Eckbo; Ronald W. Masulis; Oyvind Norli
  36. Spanning and derivative-security valuation, 2000, Gurdip Bakshi; Dilip Madan
  37. Special dividends and the evolution of dividend signaling, 2000, Harry Deangelo; Linda Deangelo; Douglas J. Skinner
  38. Speed of issuance and the adequacy of disclosure in the 144A high-yield debt market, 2000, George W. Fenn
  39. Testing static tradeoff against pecking order models of capital structure: a critical comment, 2000, Robert S. Chirinko; Anuja R. Singha
  40. The 'repricing' of executive stock options, 2000, Don M. Chance; Raman Kumar; Rebecca B. Todd
  41. The balance of power in closely held corporations, 2000, Morten Bennedsen; Daniel Wolfenzon
  42. The costs and determinants of order aggressiveness, 2000, Mark D. Griffiths; Brian F. Smith; D. Alasdair S. Turnbull; Robert W. White
  43. The investment behavior and performance of various investor types: a study of Finland's unique data set, 2000, Mark Grinblatt; Matti Keloharju
  44. The relative pricing of U.S. Treasury STRIPS: empirical evidence, 2000, Bradford D. Jordan; Randy D. Jorgensen; David R. Kuipers
  45. The separation of ownership and control in East Asian Corporations, 2000, Stijn Claessens; Simeon Djankov; Larry H. P. Lang
  46. The term structure of very short-term rates: New evidence for the expectations hypothesis, 2000, Francis A. Longstaff
  47. The value and incentive effects of nontraditional executive stock option plans, 2000, Shane A. Johnson; Yisong S. Tian
  48. Trade size, order imbalance, and the volatility-volume relation, 2000, Kalok Chan; Wai-Ming Fong
  49. Uniformly least powerful tests of market efficiency, 2000, Tim Loughran; Jay R. Ritter
  50. Universal banking and the performance of German firms, 2000, Gary Gorton; Frank A. Schmid
  51. Value creation and corporate diversification: the case of Sears, Roebuck & Co., 2000, Stuart L. Gillan; John W. Kensinger; John D. Martin
  52. When an event is not an event: the curious case of an emerging market, 2000, Utpal Bhattacharya; Hazem Daouk; Brian Jorgenson; Carl-Heinrich Kehr
  53. When is time continuous?, 2000, Dimitris Bertsimas; Leonid Kogan; Andrew W. Lo
  54. Why firms issue targeted stock, 2000, Julia D'Souza; John Jacob

Review of Financial Studies¶

  1. A Closed-Form GARCH Option Valuation Model., 2000, Heston, Steven L; Nandi, Saikat
  2. A Theory of Bank Regulation and Management Compensation., 2000, Saunders, Anthony; John, Kose; Senbet, Lemma W
  3. Are There Economies of Scale in Underwriting Fees? Evidence of Rising External Financing Costs., 2000, Altinkilic, Oya; Hansen, Robert S
  4. Asset Pricing Models: Implications for Expected Returns and Portfolio Selection., 2000, Mackinlay, A Craig; Pastor, Lubos
  5. Asymmetric Volatility and Risk in Equity Markets., 2000, Bekaert, Geert; Wu, Guojun
  6. Bank Reputation, Bank Commitment, and the Effects of Competition in Credit Markets., 2000, Dinc, I Serdar
  7. Bankruptcy Priority for Bank Deposits: A Contract Theoretic Explanation., 2000, Birchler, Urs W
  8. Client Discretion, Switching Costs, and Financial Innovation., 2000, Bhattacharyya, Sugato; Nanda, Vikram
  9. Debt Valuation, Renegotiation, and Optimal Dividend Policy., 2000, Fan, Hua; Sundaresan, Suresh M
  10. Do Call Prices and the Underlying Stock Always Move in the Same Direction?, 2000, Cao, Charles; Bakshi, Gurdip; Chen, Zhiwu
  11. Equilibrium Mispricing in a Capital Market with Portfolio Constraints., 2000, Croitoru, Benjamin; Basak, Suleyman
  12. Excess Funds and Agency Problems: An Empirical Study of Incremental Cash Disbursements., 2000, Lie, Erik
  13. Forcing Firms to Talk: Financial Disclosure Regulation and Externalities., 2000, Pfleiderer, Paul; Admati, Anat R
  14. Government Intervention and Adverse Selection Costs in Foreign Exchange Markets., 2000, Naranjo, Andy; Nimalendran, M
  15. Hedging and Liquidity., 2000, Parsons, John E; Mello, Antonio S
  16. How Do Firms Choose Their Lenders? An Empirical Investigation., 2000, Wright, Julian; Cantillo, Miguel
  17. IPOs and Long-Term Relationships: An Advantage of Book Building., 2000, Sherman, Ann E
  18. Market Making, Prices, and Quantity Limits., 2000, Dupont, Dominique
  19. On the Recoverability of Preferences and Beliefs., 2000, Cuoco, Domenico; Zapatero, Fernando
  20. Price Discovery in Auction Markets: A Look Inside the Black Box., 2000, Madhavan, Ananth; Panchapagesan, Venkatesh
  21. Prices, Liquidity, and the Information Content of Trades., 2000, Koski, Jennifer Lynch; Michaely, Roni
  22. Recovering Risk Aversion from Option Prices and Realized Returns., 2000, Jackwerth, Jens Carsten
  23. Regulatory and Legal Pressures and the Costs of Nasdaq Trading., 2000, Schultz, Paul
  24. Stock Market Risk and Return: An Equilibrium Approach., 2000, Whitelaw, Robert F
  25. Strategic Debt Restructuring., 2000, Noe, Thomas H; Wang, Jun
  26. Strategic Responses of Incumbents to New Entry: The Effect of Ownership Structure, Capital Structure, and Focus., 2000, Khanna, Naveen; Tice, Sheri
  27. The Design of Bank Loan Contracts., 2000, Gorton, Gary; Kahn, James
  28. The Interaction between Product Market and Financing Strategy: The Role of Venture Capital., 2000, Puri, Manju; Hellmann, Thomas
  29. The Opportunity for Conspiracy in Asset Markets Organized with Dealer Intermediaries., 2000, Cason, Timothy N
  30. The Private Placement of Debt and Outside Equity as an Information Revelation Mechanism., 2000, Habib, Michel A; Johnsen, D Bruce
  31. The Significance of the Market Portfolio., 2000, Athanasoulis, Stefano G; Shiller, Robert J
  32. The Term Structure of Interest Rates as a Random Field., 2000, Goldstein, Robert S
  33. Toeholds, Bid Jumps, and Expected Payoffs in Takeovers., 2000, Eckbo, B Espen; Betton, Sandra
  34. Trading Volume: Definitions, Data Analysis, and Implications of Portfolio Theory., 2000, Wang, Jiang; Lo, Andrew W
  35. Valuation of Bankrupt Firms., 2000, Gilson, Stuart C; Hotchkiss, Edith S; Ruback, Richard S
  36. Valuing American Put Options Using Gaussian Quadrature., 2000, Sullivan, Michael A