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Volume 35, Issue 1, February 1994

• The term structure of real interest rates and the Cox, Ingersoll, and Ross model
  Brown, R.H. and Schaefer, S.M.
  page 3-42
• Markups, quantity risk, and bidding strategies at Treasury coupon auctions
  Simon, D.P.
  page 43-62
• How managerial wealth affects the tender offer process
  Cotter, J.F. and Zenner, M.
  page 63-98
• An examination of voluntary versus involuntary security issuances by commercial banks - The impact of capital regulations on common stock returns
  Cornett, M.M. and Tehranian, H.
  page 99-122
• Campeau's acquisition of Federated - Post-bankruptcy results
  Kaplan, S.K.
  page 123-137

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Volume 35, Issue 2, March 1994

• Implied volatility functions in arbitrage-free term structure models
  Amin, K.I. and Morton, A.J.
  page 141-180
• Announcements of asset-quality problems and contagion effects in the life insurance industry
  Fenn, G.W. and Cole, R.A.
  page 181-198
• Aftermarket support and underpricing of initial public offerings
  Schultz, P.H. and Zaman, M.A.
  page 199-220
• The costs of inefficient bargaining and financial distress - Evidence from corporate lawsuits
  Bhagat, S., Brickley, J.A., and Coles, J.L.
  page 221-248
• Voucher privatization
  Boycko, M., Shleifer, A., and Vishny, R.W.
  page 249-265

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Volume 35, Issue 3, April 1994

• Posted versus effective spreads - Good prices or bad quotes?
  Petersen, M.A. and Fialkowski, D.
  page 269-292
• Venture capitalists and the decision to go public
  Lerner, J.
  page 293-316
• Bid--ask spreads in the interbank foreign exchange markets
  Bessembinder, H.
  page 317-348
• A comparison of financial recontracting in distressed exchanges and Chapter 11 reorganizations
  Franks, J.R. and Torous, W.N.
  page 349-370
• Outside directors and the adoption of poison pills
  Brickley, J.A. Coles, J.L., and Terry, R.L.
  page 371

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Volume 36, Issue 1, June 1994

• Does industrial structure explain the benefits of international diversification?
  Heston, S.L. and Rouwenhorst, K.G.
  page 3-28
• Finite sample properties of the Generalized Method of Moments in tests of conditional asset pricing models
  Ferson, W.E. and Foerster, S.R.
  page 29-56
• Foreign ownership restrictions and stock prices in the Thai capital market
  Bailey, W. and Jagtiani, J.
  page 57-88
• The nature of information conveyed by pure capital structure changes
  Shah, K.
  page 89-126
• Information, trading, and volatility
  Jones, C.M., Kaul, G., and Lipson, M.L.
  page 127-153

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Volume 36, Issue 2, July 1994

• Financial policy, internal control, and performance - Sealed Air Corporation's leveraged special dividend
  Wruck, K.H.
  page 157-192
• Organizational form and the consequences of highly leveraged transactions - Kroger's recapitalization and Safeway's LBO
  Denis, D.J.
  page 193-224
• Appointments of outsiders to Japanese boards - Determinants and implications for managers
  Kaplan, S.N. and Minton, B.A.
  page 225-258
• The governance structure of the Japanese financial keiretsu
  Berglof, E. and Perotti, E.
  page 259-284

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Volume 36, Issue 3, August 1994

• The collapse of First Executive Corporation - Junk bonds, adverse publicity, and the `run on the bank' phenomenon
  DeAngelo, H.,DeAngelo, L., and Gilson, S.C.
  page 287-336
• What do firms do with cash windfalls?
  Blanchard, O.J., Lopez-de-Silanes, F., and Shleifer, A.
  page 337-360
• Cash flow variability and firm's pension choice - A role for operating leverage
  Petersen, M.A.
  page 361

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Volume 37, Issue 1, January 1995

• Asset sales, firm performance, and the agency costs of managerial discretion
  Lang, L., Poulsen, A. and Stulz, R.
  page 3-37
• Diversification's effect on firm value
  Berger, P.G. and Ofek, E.
  page 39-65
• Corporate focus and stock returns
  Comment, R. and Jarrell, G.A.
  page 67-87
• A comparison of the information conveyed by equity carve-outs, spin-offs, and asset sell-offs
  Slovin, M.B., Sushka, M.E. and Ferraro, S.R.
  page 89-104
• Asset sales and increase in focus
  John, K. and Ofek, E.
  page 105-126

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Volume 37, Issue 2, February 1995

• Causes of financial distress following leveraged recapitalizations
  Denis, D.J. and Denis, D.K.
  page 129-157
• CEO turnover and the firm's investment decisions
  Weisbach, M.S.
  page 159-188
• Increased debt and industry product markets An empirical analysis
  Phillips, G.M.
  page 189-238
• Evidence on the strategic allocation of initial public offerings
  Hanley, K.W. and Wilhelm, W.J. Jr.
  page 239-257

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Volume 37, Issue 3, March 1995

• Incentives, downsizing, and value creation at General Dynamics
  Dial, J. and Murphy, K.J.
  page 261-314
• The Nestle crash
  Loderer, C. and Jacobs, A.
  page 315-339
• Closed-end fund premia and returns Implications for financial market equilibrium
  Pontiff, J.
  page 341-370
• Anatomy of the trading process Empirical evidence on the behavior of institutional traders
  Keim, D.B. and Madhavan, A.
  page 371-398
• Stock returns and volatility A firm-level analysis
  Duffee, G.R.
  page 399-420
• Does the market react differently to domestic and foreign takeover announcements? Evidence from the U.S. chemical and retail industries
  Dewenter, K.L.
  page 421-441

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Volume 38, Issue 1, May 1995

• Multifactor models do not explain deviations from the CAPM
  MacKinlay, A.C.
  page 3-28
• Firm performance, corporate governance, and top executive turnover in Japan
  Kang, J. and Shivdasani, A.
  page 29-58
• The use of warrants as underwriter compensation in initial public offerings
  Dunbar, C.G.
  page 59-78
• Problems in measuring portfolio performance An application to contrarian investment strategies
  Ball, R., Kothari, S.P. and Shanken, J.
  page 79-107

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Volume 38, Issue 2, June 1995

• The challenges of investor communication The case of CUC International, Inc.
  Healy, P.M. and Palepu, K.G.
  page 111-140
• A reexamination of option values implicit in callable Treasury bonds
  Jordan, B.D., Jordan, S.D. and Jorgensen, R.D.
  page 141-162
• Executive compensation structure, ownership, and firm performance
  Mehran, H.
  page 163-184
• Firm failure and managerial labor markets Evidence from Texas banking
  Cannella, A.A. Jr., Fraser, D.R. and Lee, D.S.
  page 185-210
• The cash flow and informational effects of employee stock ownership plans
  Beatty, A.
  page 211-240

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Volume 38, Issue 3, July 1995

• Underperformance in long-run stock returns following seasoned equity offerings
  Spiess, D.K. and Affleck-Graves, J.
  page 243-267
• Evaluating the performance of value versus glamour stocks The impact of selection bias
  Chan, L.K.C., Jegadeesh, N. and Lakonishok, J.
  page 269-296
• Valuing lease contracts A real-options approach
  Grenadier, S.R.
  page 297-331
• Coercive tender and exchange offers in distressed high-yield debt restructurings An empirical analysis
  Chatterjee, S., Dhillon, U.S. and Ramirez, G.G.
  page 333-360
• Investment analysis and price formation in securities markets
  Brennan, M.J. and Subrahmanyam, A.
  page 361-381

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Volume 39, Issue 1, September 1995

• Poison or placebo? Evidence on the deterrence and wealth effects of modern antitakeover measures
  Comment, R. and Schwert, G.W.
  page 3-43
• Liquidation costs and capital structure
  Alderson, M.J. and Betker, B.L.
  page 45-69
• All in the family Nesting symmetric and asymmetric GARCH models
  Hentschel, L.
  page 71-104
• Executive pay and performance Evidence from the U.S. banking industry
  Hubbard, R.G. and Palia, D.
  page 105-130
• Equity ownership and the two faces of debt
  McConnell, J.J. and Servaes, H.
  page 131-157

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Volume 39, Issues 2 & 3, October 1995

• Market efficiency around the clock: Some supporting evidence using foreign-based derivatives
  Dravid, A. and Richardson, M.L.
  page 161-180
• Market underreaction to open market repurchases
  Lakonishok, J. and Vermaelen, T.
  page 181-208
• Aggregate mutual fund flows and security returns
  Warther, V.A.
  page 209-235
• Do corporations award CEO stock options effectively?
  Yermack, D.
  page 237-269
• Capital market imperfections and the incentive to lease
  Sharpe, S.A. and Nguyen, H.H.
  page 271-294
• Does Section 16b deter insider trading by target managers?
  Agrawal, A. and Jaffe,J.F.
  page 295-319
• Tests of microstructural hypotheses in the foreign exchange market
  Lyons, R.K.
  page 321-351
• An analysis of value destruction in AT&T's acquisition of NCR
  Lys, T. and Vincent L.
  page 353-378

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Volume 40, Issue 1, January 1996

• Leverage, investment, and firm growth
  Lang, L., Ofek, E. and Stulz, R.M.
  page 3-29
• The distorting effect of the prudent-man laws on institutional equity investments
  Del Guercio, D.
  page 31-62
• Firm-specific information and the correlation between individual stocks and bonds
  Kwan, S.H.
  page 63-80
• Factors affecting the number of outside directorships held by CEOs
  Booth, J.R. and Deli, D.N.
  page 81-104
• An empirical examination of information, differences of opinion, and trading activity
  Bessembinder, H., Chan, K. and Seguin, P.J.
  page 105-134
• An empirical analysis of prepackaged bankruptcies
  Tashjian, E., Lease, R.C. and McConnell, J.J.
  page 135-162
• Hostile takeovers and the correction of managerial failure
  Franks, J. and Mayer, C.
  page 163-181

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Volume 40, Issue 2, February 1996

• Higher market valuation of companies with a small board of directors
  Yermack, D.
  page 185-211
• Business conditions, monetary policy, and expected security returns
  Jensen, G.R., Mercer, J.M. and Johnson, R.R.
  page 213-237
• Active investors and management turnover following unsuccessful control contests
  Denis, D.J. and Serrano, J.M.
  page 239-266
• The influence of professional investors on the failure of management buyout attempts
  Peck, S.W.
  page 267-294
• A generalized model for testing the home and favorite team advantage in point spread markets
  Dare, W.H. and MacDonald, S.S.
  page 295-318
• A requiem for the USA Is small shareholder monitoring effective?
  Strickland, D., Wiles, K.W. and Zenner, M.
  page 319-338

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Volume 40, Issue 3, March 1996

• Reversal of fortune Dividend signaling and the disappearance of sustained earnings growth
  DeAngelo, H., DeAngelo, L. and Skinner, D.J.
  page 341-371
• Commercial banks in investment banking Conflict of interest or certification role?
  Puri, M.
  page 373-401
• Top management turnover An empirical investigation of mutual fund managers
  Khorana, A.
  page 403-427
• Is there a pecking order? Evidence from a panel of IPO firms
  Helwege, J. and Liang, N.
  page 429-458
• An empirical analysis of strategic competition and firm values The case of R_D competition
  Sundaram, A.K., John, T.A. and John, K.
  page 459-486

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Volume 41, Issue 1, May 1996

• The structure of mutual fund charges
  Chordia, T.
  page 3-39
• Debt and the marginal tax rate
  Graham, J.R.
  page 41-73
• The term structure of interest rates in a pure exchange economy with heterogeneous investors
  Jiang, W.
  page 75-110
• The market's response to recurring events The case of stock splits
  Pilotte, E. and Manuel, T.
  page 111-127
• Order characteristics and stock price evolution An application to program trading
  Hasbrouck, J.
  page 129-149

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Volume 41, Issue 2, June 1996

• Markup pricing in mergers and acquisitions
  Schwert, G.W.
  page 153-192
• The impact of industry shocks on takeover and restructuring activity
  Mitchell, M.L. and Mulherin, J.H.
  page 193-229
• The pricing of convertible debt offerings
  Jun-Koo, K. and Lee, Y.W.
  page 231-248
• Time-varying risk premia, volatility, and technical trading rule profits: Evidence from foreign currency futures markets
  Bong-Chan, K.
  page 249-290
• Ownership dispersion, costly information, and IPO underpricing
  Booth, J.R. and Chua, L.
  page 291-310

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Volume 41, Issue 3, July 1996

• Dealer versus auction markets: A paired comparison of execution costs on NASDAQ and the NYSE
  Huang, R.D. and Stoll, H.R.
  page 313-357
• Detecting abnormal operating performance: The empirical power and specification of test statistics
  Barber, B.M. and Lyon, J.D.
  page 359-399
• Commonality in the determinants of expected stock returns
  Haugen, R.A. and Baker, N.L.
  page 401-439
• Market microstructure and asset pricing: On the compensation for illiquidity in stock returns
  Brennan, M.J. and Subrahmanyam, A.
  page 441-464
• Why Nasdaq market makers avoid odd-eighth quotes
  Godek, P.E.
  page 465-474
• Perceptions and the politics of finance: Junk bonds and the regulatory seizure of First Capital Life
  DeAngelo, H., DeAngelo, L. and Gilson, S.C.
  page 475-511

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Volume 42, Issue 1, September 1996

• Stock splits: Signaling or liquidity? - The case of ADR 'solo-splits'
  Muscarella, C.J. and Vetsuypens, M.R.
  page 3-26
• Modeling the conditional distribution of interest rates as a regime-switching process
  Gray, S.F
  page 27-62
• Discriminatory versus uniform Treasury auctions: - Evidence from when-issued transactions
  Nyborg, K.G. and Sundaresan, S.
  page 63-104
• Exchange rate variability and the riskiness of U.S. multinational firms: - Evidence from the breakdown of the Bretton Woods system
  Bartov, E., Bodnar, G.M. and Kaul, A.
  page 105-132
• Grandstanding in the venture capital industry Gompers, P.A.
  page 133-156

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Volume 42, Issue 2, October 1996

• Timing, investment opportunities, managerial discretion, and the security issue decision
  Jung, K., Kim, Y.-C., and Stulz, R.M.
  page 159-185
• Proxies for the corporate marginal tax rate
  Graham, J.R.
  page 187-221
• Price stabilization as a bonding mechanism in new equity issues
  Benveniste, L.M., Busaba, W.Y., and Wilhelm, W.J.
  page 223-255
• Investor valuation of the abandonment option
  Berger, P.G., Ofek, E., and Swary, I.
  page 257-287

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Volume 42, Issue 3, December 1996

• The financial performance of reverse leveraged buyouts
  Holthausen, Robert W. and Larcker, David F.
  page 293-332
• Leasing and credit risk
  Grenadier, Steven R.
  page 333-364
• Corporate governance and shareholder intiatives: Empirical evidence
  Karpoff, Jonathan M., Malatesta, Paul H., and Walkling, Ralph A.
  page 365-395
• Market timing ability and volatility implied in investment newsletters' asset allocation recommendations
  Graham, John R. and Harvey, Campbell R.
  page 397-421

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Volume 43, Issue 1, January 1997

• Returns to contrarian investment strategies: Tests of naive expectations hypotheses
  Dechow, Patricia M., and Sloan, Richard G.
  page 3-27
• Emerging equity market volatility
  Bekaert, Geert, and Harvey, Campbell R.
  page 29-77
• The complexity of compensation contracts
  Kole, Stacey R.
  page 79-104
• Layoffs and underwritten rights offers
  Singh, Ajai K.
  page 105-130
• The effects of equity issues on ownership structure and stock liquidity: A comparison of rights and public offerings
  Kothare, Meeta
  page 131-148

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Volume 43, Issue 2, February 1997

• Industry costs of equity
  Fama, Eugene F., and French, Kenneth R.
  page 153-193
• Do independent directors enhance target shareholder wealth during tender offers?
  Cotter, James F., Shivdasani, Anil, and Zenner, Marc
  page 195-218
• Information and contagion effects of bank loan-loss reserve announcements
  Docking, Diane Scott, Hirschey, Mark, and Jones, Elaine
  page 219-239
• Spinoffs and wealth transfers: The Marriott case (CLINICAL)
  Parrino, Robert
  page 241-274
• Privatization and efficiency: Industry effects of the sale of British Airways (CLINICAL)
  Eckel, Catherine, Eckel, Doug, and Singal, Vijay
  page 275-298

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Volume 43, Issue 3, March 1997

• Measuring long-horizon security price performance
  Kothari, S. P., and Warner, Jerold B.
  page 301-339
• Detecting long-run abnormal stock returns: The empirical power and specification of test-statistics
  Barber, Brad M., and Lyon, John D.
  page 341-372
• Mutual fund styles
  Brown, Stephen J., and Goetzmann, William N.
  page 373-399
• Vulture investors and the market for control of distressed firms
  Hotchkiss, Edith S., and Mooradian, Robert M.
  page 401-432
• Valuation uncertainty, institutional involvement, and the underpricing of IPOs: The case of REITs
  Ling, David C., and Ryngaert, Michael
  page 433-456

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Volume 44, Issue 1, April 1997

• Guarantee funds and risk-taking: Evidence from the insurance industry
  Lee, Soon-Jae, Mayers, David, and Smith, Clifford W.
  page 3-24
• Organizational form and risk taking in the savings and loan industry
  Esty, Benjamin C.
  page 25-55
• A case study of organizational form and risk shifting in the savings and loan industry
  Esty, Benjamin C.
  page 57-76
• On the measurement of Tobin's q
  Lewellen, Wilbur G., and Badrinath, S. G.
  page 77-122
• An alternative valuation model for contingent claims
  Bakshi, Gurdip S., and Chen, Zhiwu
  page 123-165

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Volume 44, Issue 2, May 1997

• Book-to-market, dividend yield, and expected market returns: A time-series analysis
  Kothari, S. P., and Shanken, Jay
  page 169-203
• The decline of takeovers and disciplinary managerial turnover
  Mikkelson, Wayne H., and Partch, M. Megan
  page 205-228
• Inside directors, board effectiveness, and shareholder wealth
  Rosenstein, Stuart, and Wyatt, Jeffrey G.
  page 229-250
• An empirical examination of basic valuation models for plain vanilla U.S. interest rate swaps
  Minton, Bernadette A.
  page 251-277

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Volume 44, Issue 3, June 1997

• Ownership and operating performance of companies that go public
  Mikkelson, Wayne H., Partch, M. Megan, and Shah, Kshitij
  page 281-307
• On biases in tests of the expectations hypothesis of the term structure of interest rates
  Bekaert, Geert, Hodrick, Robert J., and Marshall, David A.
  page 309-348
• Investor behavior in mass privatization: The case of the Czech voucher scheme
  Hingorani, Archana, Lehn, Kenneth, and Makhija, Anil K.
  page 349-396
• Investment in technological innovations: An option pricing approach
  Grenadier, Steven R., and Weiss, Allen M.
  page 397-416

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Volume 45, Issue 1, July 1997

• Symposium on market microstructure: Focus on Nasdaq
  Schwert, G. William
  page 3-8
• The degree of price resolution and equity trading costs
  Bessembinder, Hendrik
  page 9-34
• Bid-ask spreads and the avoidance of odd-eighth quotes on Nasdaq: An examination of exchange listings
  Barclay, Michael J.
  page 35-60
• Nasdaq market structure and spread patterns
  Kandel, Eugene , and Marx, Leslie M.
  page 61-89
• Limit orders and the alleged Nasdaq collusion
  Demsetz, Harold
  page 91-95
• Do institutions receive comparable execution in the NYSE and Nasdaq markets? A transaction study of block trades
  LaPlante, Michele, and Muscarella, Chris
  page 97-134
• The importance of firm quotes and rapid executions: Evidence from the January 1994 SOES rules changes
  Harris, Jeffrey H., and Schultz, Paul H.
  page 135-166

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Volume 45, Issue 2, August 1997

• The determinants of organizational form changes: Evidence and implications from real estate
  Damodaran, Aswath, John, Kose , and Liu, Crocker H.
  page 169-192
• Ownership structure and top executive turnover
  Denis, David J. , Denis, Diane K., and Sarin, Atulya
  page 193-221
• Executive stock ownership and performance: Tracking faint traces
  Loderer, Claudio , and Martin, Kenneth
  page 223-255
• Corporate focus and value creation: Evidence from spinoffs
  Daley, Lane, Mehrotra, Vikas , and Sivakumar, Ranjini
  page 257-281

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Volume 45, Issue 3, September 1997

• Analyzing investments whose histories differ in length
  Stambaugh, Robert F.
  page 285-331
• Share price and mortality: An empirical evaluation of newly-listed Nasdaq stocks
  Seguin, Paul J., and Smoller, Margaret Monroe
  page 333-363
• Market microstructure and securities values: Evidence from the Tel Aviv stock exchange
  Amihud, Yakov, Mendelson, Haim , and Lauterbach, Beni
  page 365-390
• Underpricing, ownership and control in initial public offerings of equity securities in the U.K.
  Brennan, M. J., and Franks, Julian
  page 391-413

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Volume 46, Issue 1, October 1997

• Why is there a home bias? An analysis of foreign portfolio equity ownership in Japan
  Kang, Jun-Koo, and Stulz, René M.
  page 3-28
• Corporate restructuring during performance declines in Japan
  Kang, Jun-Koo, and Shivdasani, Anil
  page 29-65
• Negative option values are possible: The impact of Treasury bond futures on the cash U.S. Treasury market
  Jordan, Bradford D., and Kuipers, David R.
  page 67-102
• Return autocorrelation and institutional investors
  Sias, Richard W. , and Starks, Laura T.
  page 103-131

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Volume 46, Issue 2, November 1997

• Capital market frictions and the role of internal capital markets in banking
  Houston, Joel, James, Christopher , and Marcus, David
  page 135-164
• CEO turnover and outside succession: A cross-sectional analysis
  Parrino, Robert
  page 165-197
• Do strategic alliances create value?
  Chan, Su Han , Kensinger, John W., and Keown, Arthur J.
  page 199-221
• Why underwrite rights offerings? Some new evidence
  Bohren, Oyvind, Eckbo, B. Espen , and Michalsen, Dag
  page 223-261

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Volume 46, Issue 3, December 1997

• Transactions costs and investment style: An inter-exchange analysis of institutional equity trades
  Keim, Donald B. , and Madhavan, Ananth
  page 265-292
• A cross-exchange comparison of execution costs and information flow for the NYSE-listed stocks
  Bessembinder, Hendrik, and Kaufman, Herbert M.
  page 293-319
• Board structure and fee-setting in the U.S. mutual fund industry
  Tufano, Peter , and Sevick, Matthew
  page 321-355
• A multibeta representation theorem for linear asset pricing theories
  Nawalkha, Sanjay K.
  page 357-381
• Bounds on contingent claims based on several assets
  Boyle, Phelim P. , and Lin, X. Sheldon
  page 383-400

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Volume 47, Issue 1, January 1998

• Ancient redwoods and the politics of finance: the hostile takeover of the Pacific Lumber Company
  DeAngelo, Harry , and DeAngelo, Linda
  page 3-53
• Risk management, capital budgeting, and capital structure policy for financial institutions: an integrated approach
  Froot, Kenneth A., and Stein, Jeremy C.
  page 55-82
• Why firms issue convertible bonds: the matching of financial and real investment options
  Mayers, David
  page 83-102
• Ownership structure, investment, and corporate value: an empirical analysis
  Cho, Myeong-Hyeon
  page 103-121

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Volume 47, Issue 2, February 1998

• Ex dividend day stock price behavior: discreteness or tax-induced clienteles?
  Bali, Rakesh, and Hite, Gailen L.
  page 127-159
• Why do stock prices drop by less than the value of the dividend? evidence from a country without taxes
  Frank, Murray , and Jagannathan, Ravi
  page 161-188
• The impact of contingent liability on commercial bank risk taking
  Esty, Benjamin C.
  page 189-218
• Managerial compensation and the threat of takeover
  Agrawal, Anup , and Knoeber, Charles R.
  page 219-239

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Volume 47, Issue 3, March 1998

• Venture capital and the structure of capital markets: banks versus stock markets
  Black, Bernard S. , and Gilson, Ronald J.
  page 243-277
• Proxy contests and corporate change: implications for shareholder wealth
  Mulherin, J. Harold , and Poulsen, Annette B.
  page 279-313
• Macroeconomic news and bond market volatility
  Jones, Charles M., Lamont, Owen , and Lumsdaine, Robin
  page 315-337
• Short-term traders and liquidity: a test using Bombay Stock Exchange data
  Berkman, Henk, and Eleswarapu, Venkat R.
  page 339-355

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Volume 48, Issue 1, April 1998

• Wealth creation versus wealth redistributions in pure stock-for-stock mergers
  Maquieira, Carlos P., Megginson, William L. , and Nail, Lance
  page 3-33
• Larger board size and decreasing firm value in small firms
  Eisenberg, Theodore , Sundgren, Stefan, and Wells, Martin T.
  page 35-54
• Information problems, conflicts of interest and asset stripping: Chapter 11's failure in the case of Eastern Airlines
  Weiss, Lawrence A., and Wruck, Karen H.
  page 55-97
• Capital markets and corporate structure: the equity carve-outs of Thermo Electron
  Allen, Jeffrey W.
  page 99-124

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Volume 48, Issue 2, May 1998

• The exercise and valuation of executive stock options
  Carpenter, Jennifer N.
  page 127-158
• An empirical examination of the amortized spread
  Chalmers, John M.R. , and Kadlec, Gregory B.
  page 159-188
• An empirical analysis of NYSE specialist trading
  Madhavan, Ananth , and Sofianos, George
  page 189-210
• Information-time option pricing: theory and empirical evidence
  Chang, Carolyn W., Chang, Jack S.K. , and Lim, Kian-Guan
  page 211-242

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Volume 48, Issue 3, June 1998

• Debt and the terms of employment
  Hanka, Gordon
  page 245-282
• Employee buyouts: causes, structure and consequences
  Chaplinsky, Susan , Niehaus, Greg, and Gucht, Linda Van de
  page 283-332
• The cost of market versus regulatory discipline in banking
  Billett, Matthew T., Garfinkel, Jon A. , and O'Neal, Edward S.
  page 333-358
• Efficiency loss and constraints on portfolio holdings
  Wang, Zhenyu
  page 359-375

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Volume 49, Issue 1, July 1998

• Open-end mutual funds and capital-gains taxes
  Barclay, Michael J. , Pearson, Neil D., and Weisbach, Michael S.
  page 3-43
• IPO-mechanisms, monitoring and ownership structure
  Stoughton, Neal M. , and Zechner, Josef
  page 45-77
• Going public and the ownership structure of the firm
  Mello, Antonio S. , and Parsons, John E.
  page 79-109
• Information and volatility linkages in the stock, bond, and money markets
  Fleming, Jeff , Kirby, Chris, and Ostdiek, Barbara
  page 111-137

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Volume 49, Issue 2, August 1998

• Book-to-market ratios as predictors of market returns
  Pontiff, Jeffrey , and Schall, Lawrence D.
  page 141-160
• Earnings signals in fixed-price and Dutch auction self-tender offers
  Lie, Erik , and McConnell, John J.
  page 161-186
• Share repurchases and firm performance: new evidence on the agency costs of free cash flow
  Nohel, Tom , and Tarhan, Vefa
  page 187-222
• Glamour, value and the post-acquisition performance of acquiring firms
  Rau, P. Raghavendra , and Vermaelen, Theo
  page 223-253
• The economics of parent-subsidiary mergers: an empirical analysis
  Slovin, Myron B., and Sushka, Marie E.
  page 255-279

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Volume 49, Issue 3, September 1998

• Market efficiency, long-term returns, and behavioral finance
  Fama, Eugene F.
  page 283-306
• A model of investor sentiment
  Barberis, Nicholas, Shleifer, Andrei, and Vishny, Robert
  page 307--343
• Alternative factor specifications, security characteristics, and the cross-section of expected stock returns.
  Brennan, Michael J., Chordia, Tarun, and Subrahmanyam, A.
  page 345-373
• How big is the premium for currency risk?
  DeSantis, Giorgio , and Gerard, Bruno
  page 375-412

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Volume 50, Issue 1, October 1998

• Does order preferencing matter?
  Bloomfield, Robert, and O'Hara, Maureen
  page 3-37
• The trading profits of SOES bandits
  Harris, Jeffrey H., and Schultz, Paul H.
  page 39-62
• Earnings management and the underperformance of seasoned equity offerings
  Teoh, Siew Hong , Welch, Ivo, and Wong, T.J.
  page 63-99
• Earnings management and the performance of seasoned equity offerings
  Rangan, Srinivasan
  page 101-122

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Volume 50, Issue 2, November 1998

• The relation between implied and realized volatility
  Christensen, B.J., and Prabhala, N. R.
  page 125-150
• The indirect economic penalties in SEC investigations of underwriters
  Beatty, Randolph P., Bunsis, Howard, and Hand, John R.M.
  page 151-186
• The effects of bank mergers and acquisitions on small business lending
  Berger, Allen N., Saunders, Anthony , and Scalise, Joseph
  page 187-229
• Post-trade transparency on Nasdaq's national market system
  Porter, David C. , and Weaver, Daniel G.
  page 231-252

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Volume 50, Issue 3, December 1998

• Capital budgeting and delegation
  Harris, Milton , and Raviv, Artur
  page 259-289
• The effect of changes in ownership structure on performance: Evidence from the thrift industry
  Cole, Rebel A. , and Mehran, Hamid
  page 291-317
• CEO incentive plans and corporate liquidation policy
  Mehran, Hamid , Nogler, George E., and Schwartz, Kenneth B.
  page 319-349
• Another look at the role of the industrial structure of markets for international diversification strategies
  Griffin, John M., and Karolyi, G. Andrew
  page 351-373

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Volume 51, Issue 1, January 1999

• An analysis of compensation in the U.S. venture capital partnership
  Gompers, Paul, and Lerner, Josh
  page 3-44
• Financial contracting under extreme uncertainty: an analysis of Brazilian corporate debentures
  Anderson, Christopher W.
  page 45-84
• Odd-eighth avoidance as a defense against SOES bandits
  Kandel, Eugene , and Marx, Leslie M.
  page 85-102
• The market reaction to international cross-listings: Evidence from Depositary Receipts
  Miller, Darius P.
  page 103-123
• An analysis of value destruction and recovery in the alliance and proposed merger of Volvo and Renault
  Bruner, Robert F.
  page 125-166

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Volume 51, Issue 2, February 1999

• An analysis of mutual fund design: The case of investing in small-cap stocks
  Keim, Donald B.
  page 173-194
• Stock-based incentive contracts and managerial performance: The case of Ralston Purina Company
  Campbell, Cynthia J., and Wasley, Charles E.
  page 195-217
• Testing static trade-off against pecking order models of capital structure
  Shyam-Sunder, Lakshmi, and Myers, Stewart
  page 219-244
• Using genetic algorithms to find technical trading rules
  Allen, Franklin , and Karjalainen, Risto
  page 245-271
• Long-term returns from equity carveouts
  Vijh, Anand
  page 273-308
• Deregulation, disintermediation, and agency costs of debt: Evidence from Japan
  Anderson, Christopher W. , and Makhija, Anil K.
  page 309-339

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Volume 51, Issue 3, March 1999

• The stock pools and the securities exchange act
  Mahoney, Paul G.
  page 343-369
• Corporate governance, chief executive officer compensation, and firm performance
  Core, John E., Holthausen, Robert W. , and Larcker, David F.
  page 371-406
• Information asymmetry, monitoring, and the placement structure of corporate debt
  Krishnaswami, Sudha, Spindt, Paul A., and Subramaniam, Venkat
  page 407-434
• Bank monitoring and the pricing of corporate public debt
  Datta, Sudip , Iskandar-Datta, Mai, and Patel, Ajay
  page 435-449
• Optimal choice of contracting methods: negotiated versus competitive underwritings revisited
  Logue, Dennis E. , and Tinic, Seha M.
  page 451-471

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Volume 52, Issue 1, April 1999

• The determinants and implications of corporate cash holdings
  Opler, Tim, Pinkowitz, Lee, Stulz, Rene, and Williamson, Rohan
  page 3-46
• Transaction costs and predictability: Some utility cost calculations
  Balduzzi, Pierluigi, and Lynch, Anthony
  page 47-78
• Deregulation and the adaptation of governance structure: The case of the U.S. Airline industry
  Kole, Stacey R. , and Lehn, Kenneth
  page 79-117
• Conditional market timing with benchmark investors
  Becker, Connie, Ferson, Wayne, Myers, David, and Schill, Michael
  page 119-148

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Volume 52, Issue 2, May 1999

• Effects of bankruptcy court protection on asset sales
  Pulvino, Todd C.
  page 151-186
• Ownership and board structures in publicly traded corporations
  Denis, David J., and Sarin, Atulya
  page 187-223
• Does stock price elasticity affect corporate financial decisions?
  Hodrick, Laurie Simon
  page 225-256
• The rise and fall of the Amex emerging company marketplace
  Aggarwal, Reena, and Angel, James J.
  page 257-289

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Volume 52, Issue 3, June 1999

• The motivation and impact of pension fund activism
  Guercio, Diane Del, and Hawkins, Jennifer
  page 293-340
• What happens to CEOs after they retire? New evidence on career concerns, horizon problems, and CEO incentives
  Brickley, James A., Coles, Jeffrey L., and Linck, James S.
  page 341-377
• Managerial performance and the cross-sectional pricing of closed-end funds
  Chay, J.B., and Trzcinka, Charles A.
  page 379-408
• The initiation and withdrawal of odd-eighth quotes among Nasdaq stocks: An empirical analysis
  Christie, William G., and Schultz, Paul H.
  page 409-442

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Volume 53, Issue 1, July 1999

• Measuring investment distortions arising from stockholder-bondholder conflicts
  Parrino, Robert, and Weisbach, Michael S.
  page 3-42
• An empirical analysis of convexity in the relation between CEO's wealth and stock price
  Guay, Wayne R.
  page 43-71
• Information asymmetry, valuation, and the corporate spin-off decision
  Krishnaswami, Sudha, and Subramaniam, Venkat
  page 73-112
• Board meeting frequency and firm performance
  Vafeas, Nikos
  page 113-142

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Volume 53, Issue 2, August 1999

• Ex-day behavior with dividend preference and limitations to short-term arbitrage: The case of Swedish Lottery Bonds
  Green, Richard C. , and Rydqvist, Kristian
  page 145-187
• How are stock prices affected by the location of trade?
  Froot, Kenneth A. , and Dabora, Emil
  page 189-216
• Share issue privatizations as financial means to political and economic ends
  Jones, Steven L., Megginson, William L., and Netter, Jeffry M.
  page 217-253
• Limit orders and the bid-ask spread
  Chung, Kee H. , VanNess, Bonnie F., and VanNess, Robert A.
  page 255-287
• The performance of investment newsletters
  Jaffe, Jeffrey F. , and Mahoney, James M.
  page 289-307

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Volume 53, Issue 3, September 1999

• The adaptive mesh model: A new approach to efficient option pricing
  Figlewski, Stephen, and Gao, Bin
  page 313-351
• Understanding the determinants of managerial ownership and the link between ownership and performance
  Himmelberg, Charles P., Hubbard, R. Glenn, and Palia, Darius
  page 353-384
• Capital gains tax rates and the cost of capital for small business: Evidence from the IPO market
  Guenther, David A., and Willenborg, Michael
  page 385-408
• Valuing IPOs
  Kim, Moonchul, and Ritter, Jay
  page 409-437
• Investor flows and assessed performance of open-end mutual funds
  Edelen, Roger
  page 439-466

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Volume 54, Issue 1, October 1999

• The time-series relations among expected return, risk, and book-to-market
  Lewellen, Jonathan
  page 5-43
• The long-run performance of stock returns following debt offerings
  Spiess, D. Katherine , and Affleck-Graves, John
  page 45-73
• Firm performance and focus: Long-run stock market performance following spinoffs
  Desai, Hemang, and Jain, Prem C.
  page 75-101
• GMM tests of stochastic discount factor models with useless factors
  Kan, Raymond, and Zhang, Chu
  page 103-127

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Volume 54, Issue 2, November 1999

• Commercial banks as underwriters: Implications for the going public process
  Puri, Manju
  page 133-163
• Bank entry, competition and the market for corporate securities underwriting
  Gande, Amar, Puri, Manju , and Saunders, Anthony
  page 165-195
• An Analysis of contagion and competitive effects at commercial banks
  Slovin, Myron B., Sushka, Marie E. , and Polonchek, John A.
  page 197-225
• Do foreign investors destabilize stock markets? The Korean experience in 1997
  Choe, Hyuk, Kho, Bong-Chan, and Stulz, Rene M.
  page 227-264

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Volume 54, Issue 3, December 1999

• The resolution of bankruptcy by auction: allocating the residual right of design
  Bhattacharyya, Sugato, and Singh, Rajdeep
  page 269-294
• Institutions, financial markets and firm debt maturity
  Demirguc-Kunt, Asli, and Maksimovic, Vojislav
  page 295-336
• Survivorship bias and attrition effects in measures of performance persistence
  Carpenter, Jennifer N., and Lynch, Anthony W.
  page 337-374
• Predictive regressions
  Stambaugh, Robert F.
  page 375-421
• The impact of cashflow volatility on discretionary investment and the costs of debt and equity financing
  Minton, Bernadette A., and Schrand, Catherine
  page 423-460

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Volume 55, Issue 1, January 2000

• Factors affecting investment bank initial public offering market share
  Dunbar, Craig G.
  page 3-41
• The investment behavior and performance of various investor-type: a study of Finland's unique data set
  Grinblatt, Mark, and Keloharju, Matti
  page 43-67
• When an event is not an event: The curious case of an emerging market
  Bhattacharya, Utpal, Daouk, Hazem, Jorgenson, Brian, and Kehr, Carl-Heinrich
  page 69-101
• Value creation and corporate diversification: The case of Sears, Roebuck & Co.
  Gillan, Stuart L., Kensinger, John W., and Martin, John D.
  page 103-137

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Volume 55, Issue 2, February 2000

• Abnormal returns to rivals of acquisition targets: A test of the "Acquisition Probability Hypothesis"
  Song, Moon H., and Walkling, Ralph A.
  page 143-171
• When is time continuous?
  Bertsimas, Dimitris, Kogan, Leonid, and Lo, Andrew W.
  page 173-204
• Spanning and derivative-security valuation
  Bakshi, Gurdip, and Madan, Dilip
  page 205-238
• An empirical examination of the convexity bias in the pricing of interest rate swaps
  Gupta, Anurag, and Subrahmanyam, Marti G.
  page 239-279
• Money chasing deals? The impact of fund inflows on private equity valuations
  Gompers, Paul, and Lerner, Josh
  page 281-325

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Volume 55, Issue 3, March 2000

• Dos Kapital: Has antitrust action against Microsoft created value in the computer industry?
  Bittlingmayer, George, and Hazlett, Thomas W.
  page 329-359
• Uniformly least powerful tests of market efficiency
  Loughran, Tim, and Ritter, Jay R.
  page 361-389
• Managerial discipline and corporate restructuring following performance declines
  Denis, David J., and Kruse, Timothy A.
  page 391-424
• Can transparent markets survive?
  Bloomfield, Robert, and O'Hara, Maureen
  page 425-459

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Volume 56, Issue 1, April 2000

• Commonality in liquidity
  Chordia, Tarun, Roll, Richard, and Subrahmanyam, Avanidhar
  page 3-28
• Just another day in the inter-bank foreign exchange market
  Chakrabarti, Rajesh
  page 29-64
• The costs and determinants of order aggressiveness
  Griffiths, Mark D., Smith, Brian F., and Turnbull, D. Alasdair S.
  page 65-88
• The relative pricing of U.S. Treasury STRIPS: empirical evidence
  Jordan, Bradford D., Jorgensen, Randy D., and Kuipers, David R.
  page 89-123
• Eighths, sixteenths and market depth: Changes in tick size and liquidity provision on the NYSE
  Goldstein, Michael A., and Kavajecz, Kenneth A.
  page 125-149

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Volume 56, Issue 2, May 2000

• Controlling stockholders and the disciplinary role of corporate payout policy: A study of the Times Mirror Company
  DeAngelo, Harry, and DeAngelo, Linda
  page 153-207
• Is the abnormal return following equity issuances anomalous?
  Brav, Alon, Geczy, Christopher, and Gompers, Paul A.
  page 209-249
• Seasoned public offerings: Resolution of the 'new issues puzzle'
  Eckbo, B. Espen, Masulis, Ronald A., and Norli, Oyvind
  page 251-291
• Investment bank market share, contingent fee payments, and the performance of acquiring firms
  Rau, P. Raghavendra
  page 293-324
• 'Time to build, option value and investment decisions': a comment
  Milne, Alistair, and Whalley, A. Elizabeth
  page 325-332

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Volume 56, Issue 3, June 2000

• Comparing asset pricing models: An investment perspective
  Pastor, Lubos, and Stambaugh, Robert F.
  page 335-381
• Speed of issuance and the adequacy of disclosure in the 144A high-yield debt market
  Fenn, George W.
  page 383-405
• A study towards a unified approach to the joint estimation of objective and risk neutral measures for the purpose of options valuation
  Chernov, Mikhail, and Ghysels, Eric
  page 407-458
• Why firms issue targeted stock
  D'Souza, Julia , and Jacob, John
  page 459-483
• From cradle to grave: How to loot a 401(k) plan
  Stanton, Richard
  page 485-516

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Volume 57, Issue 1, July 2000

• The value and incentive effects of non-traditional executive stock option plans
  Johnson, Shane A., and Tian, Yisong S.
  page 3-34
• Indexed executive stock options
  Johnson, Shane A., and Tian, Yisong S.
  page 35-64
• On the optimality of resetting executive stock options
  Acharya, Viral V., John, Kose, and Sundaram, Rangarajan K.
  page 65-101
• Altering the terms of executive stock options
  Brenner, Menachem, Sundaram, Rangarajan K., and Yermack, David
  page 103-128
• The 'repricing' of executive stock options
  Chance, Don M., Kumar, Raman, and Todd, Rebecca B.
  page 129-154

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Volume 57, Issue 2, August 2000

• Alternative flotation methods, adverse selection, & ownership structure: Evidence from seasoned equity issuance in the UK
  Slovin, Myron B., Sushka, Marie E., and Lai, Wan L.
  page 157-190
• Corporate policies restricting trading by insiders
  Bettis, J. Carr, Coles, Jeffrey L., and Lemmon, Michael L.
  page 191-220
• Can book-to market, size and momentum be risk factors that predict economic growth?
  Liew, Jimmy, and Vassalou, Maria
  page 221-245
• Trade size, order imbalance, and the volatility-volume relation
  Chan, Kalok, and Fong, Wai-Ming
  page 247-273
• Corporate governance proposals and shareholder activism: the role of institutional investors
  Gillan, Stuart L., and Starks, Laura T.
  page 275-305

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Volume 57, Issue 3, September 2000

• Special dividends and the evolution of dividend signaling
  DeAngelo, Harry, DeAngelo, Linda, and Skinner, Douglas J.
  page 309-354
• Financial flexibility and the choice between dividends and stock repurchases
  Jagannathan, Murali, Stephens, Clifford P., and Weisbach, Michael S.
  page 355-384
• The cash-flow permanence and information content of dividend increases vs. repurchases
  Guay, Wayne, and Harford, Jarrad
  page 385-415
• Liquidity, investment ability, and mutual fund structure
  Nanda, Vikram, Narayanan, M.P., and Warther, Vincent A.
  page 417-443
• Making markets for structured mortgage derivatives
  Oldfield, George S.
  page 445-471

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Volume 58, Issue 1-2, October 2000

• Investor protection and corporate governance
  Porta, Rafael La, Lopez-de-Silanes, Florencio, Shleifer, Andrei, and Vishny, Robert
  page 3-27
• Universal Banking and the performance of German firms
  Gorton, Gary, and Schmid, Frank A.
  page 29-80
• The separation of ownership and control in East Asian Corporations
  Claessens, Stijn, Djankov, Simeon, and Lang, Larry H.P.
  page 81-112
• The balance of power in closely held corporations
  Bennedsen, Morten, and Wolfenzon, Daniel
  page 113-139
• Corporate governance in the Asian financial crisis, 1997-98
  Johnson, Simon, Boone, Peter, Breach, Alasdair, and Friedman, Eric
  page 141-186
• Financial markets and the allocation of capital
  Wurgler, Jeffrey
  page 187-214
• The information content of stock markets: Why do emerging markets have synchronous stock price movements?
  Morck, Randall, Yeung, Bernard, and Yu, Wayne
  page 215-260
• Finance and the sources of growth
  Beck, Thorsten, Levine, Ross, and Loayza, Norman
  page 261-300
• Do stock market liberalizations cause investment booms?
  Henry, Peter Blair
  page 301-334

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Volume 58, Issue 3, December 2000

• Bankruptcy auctions: costs, debt recovery, and firm survival
  Thorburn, Karin S.
  page 337-368
• Herding among security analysts
  Welch, Ivo
  page 369-396
• The term structure of very short-term rates: New evidence for the expectations hypothesis
  Longstaff, Francis A.
  page 397-415
• Testing static tradeoff against pecking order models of capital structure: a critical comment
  Chirinko, Robert S. and Singha, Anuja R.
  page 417-425
  

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Volume 59, Issue 1, January 2001

• Trading activity and expected stock returns
  Chordia, Tarun, Subrahmanyam, Avanidhar, and Anshuman, V. Ravi
  page 3-32
• The capital gain lock-in effect and long-horizon return reversal
  Klein, Peter
  page 33-62
• Pricing the strategic value of putable securities in liquidity crises
  David, Alexander
  page 63-99
• The structure of debt and active equity investors: The case of the buyout specialist
  Cotter, James F. and Peck, Sarah W.
  page 101-147

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Volume 59, Issue 2, February 2001

• The portfolio flows of international investors
  Froot, Kenneth A., O'Connell, Paul G. J., and Seasholes, Mark S.
  page 151-193
• Aggregate price effects of institutional trading: a study of mutual fund flow and market returns
  Edelen, Roger M., and Warner, Jerold B.
  page 195-220
• Stockholder gains from focusing versus diversifying bank mergers
  DeLong, Gayle L.
  page 221-252
• Sixteenths: direct evidence on institutional execution costs
  Jones, Charles M., and Lipson, Marc L.
  page 253-278

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Volume 59, Issue 3, March 2001

• Predictable changes in yields and forward rates
  Backus, David, Foresi, Silverio, Mozumdar, Abon, and Wu, Liuren
  page 281-311
• Do investment banks compete in IPOs?: the advent of the "7% plus contract"
  Hansen, Robert S.
  page 313-346
• Do the individuals closest to internet firms believe they are overvalued
  Schultz, Paul, and Zaman, Mir
  page 347-381
• Common factors in prices, order flows, and liquidity
  Hasbrouck, Joel, and Seppi, Duane J.
  page 383-411
• Direct foreign ownership, institutional investors, and firm characteristics
  Dahlquist, Magnus, and Robertsson, Göran
  page 413-440
• Exchange rate exposure and competition: evidence from the automotive industry
  Williamson, Rohan
  page 441-475
• Leverage and internal capital markets: evidence from leveraged recapitalizations
  Peyer, Urs C., and Shivdasani, Anil
  page 477-515

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Volume 60, Issue 1, April 2001

• Disappearing dividends: changing firm characteristics or lower propensity to pay?
  Fama, Eugene F., and French, Kenneth R.
  page 3-43
• Corporate payout policy and managerial stock incentives
  Fenn, George W., and Liang, Nellie
  page 45-72
• The option to withdraw IPOs during the premarket: empirical analysis
  Busaba, Walid Y., Benveniste, Lawrence M., and Guo, Re-Jin
  page 73-102
• Locking out rival bidders: The use of lockup options in corporate mergers
  Burch, Timothy R.
  page 103-141
• On the choice and replacement of chief financial officers
  Mian, Shehzad
  page 143-175

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Volume 60, Issue 2-3, May/June 2001

• Introduction
  Tufano, Peter
  page 179-185
• The theory and practice of corporate finance: Evidence from the field
  Graham, John R., and Harvey, Campbell R.
  page 187-243
• Why do firms switch underwriters?
  Krigman, Laurie, Shaw, Wayne H., and Womack, Kent L.
  page 245-284
• Where do merger gains come from? Bank mergers from the perspective of insiders and outsiders
  Houston, Joel F., James, Christopher M., and Ryngaert, Michael D.
  page 285-331
• Market reaction to public information: The atypical case of the Boston Celtics
  Brown, Gregory W., and Hartzell, Jay C.
  page 333-370
• The information contect of litigation participation securities: The case of CalFed Bancorp
  Esty, Benjamin C.
  page 371-399
• Managing foreign exchange risk with derivatives
  Brown, Gregory W.
  page 401-448
• Cephalon, Inc. Taking risk management theory seriously
  Chacko, George, Tufano, Peter, and Verter, Geoffrey
  page 449-485
• Credit enhancement through financial engineering: Freeport-McMoRan's gold-denomiated depositary shares
  Chidambaran, N.K., Fernando, Chitru S., and Spindt, Paul A.
  page 487-528
• The market for catastrophe risk: a clinical examination
  Froot, Kenneth A.
  page 529-571
• Bond calls, credible commitment, and equity dilution: A theoretical and clinical analysis of Simultaneous Tender and Call (STAC) Offers
  Dhillon, Upinder S., Noe, Thomas H., and Ramirez, Gabriel G.
  page 573-611

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Volume 61, Issue 1, July 2001

• Information production, dilution costs, and optimal security design
  Fulghieri, Paolo, and Lukin, Dmitry
  page 3-42
• The distribution of realized stock return volatility
  Andersen, Torben G., Bollerslev, Tim, Diebold, Francis X., and Ebens, Heiko
  page 43-76
• Short-sellers, fundamental analysis and stock returns
  Dechow, Patricia M., Hutton, Amy P., Meulbroek, Lisa, and Sloan, Richard G.
  page 77-106
• CEO compensation and bank mergers
  Bliss, Richard T., and Rosen, Richard J.
  page 107-138
• Firm performance and executive compensation in the savings and loan industry
  Hermalin, Benjamin E., and Wallace, Nancy E.
  page 139-170

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Volume 61, Issue 2, August 2001

• Asset liquidity, capital structure,and secured debt
  Morellec, Erwan
  page 173-206
• An examination of executive stock option repricing
  Carter, Mary Ellen, and Lynch, Luann J.
  page 207-225
• Discretionary reductions in warrant exercise prices
  Howe, John S., and Su, Tie
  page 227-252
• Stock option plans for non-executive employees
  Core, John, and Guay, Wayne
  page 253-287
• Stealth Trading: Which Traders' Trades Move Prices?
  Chakravarty, Sugato
  page 289-307

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Volume 61, Issue 3, September 2001

• Capital budgeting and compensation with asymmetric information and moral hazard
  Bernardo, Antonio E., Cai, Hongbin, and Luo, Jiang
  page 311-344
• Forecasting crashes: Trading volume, past returns and conditional skewness in stock prices
  Chen, Joseph, Hong, Harrison, and Stein, Jeremy C.
  page 345-381
• Following the leader: a study of individual analysts earnings forecasts
  Cooper, Rick A., Day, Theodore E., and Lewis, Craig M.
  page 383-416
• Managerial timing and corporate liquidity: Evidence from actual share repurchases
  Brockman, Paul, and Chung, Dennis Y.
  page 417-448
• The duration of bank relationships
  Ongena, Steven, and Smith, David C.
  page 449-475

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Volume 62, Issue 1, October 2001

• Factor dependence of Bermudan Swaptions: Fact of fiction?
  Andersen, Leif, and Andreasen, Jesper
  page 3-37
• Throwing away a billion dollars: the cost of suboptimal exercise strategies in the swaptions market
  Longstaff, Francis A., Santa-Clara, Pedro, and Schwartz, Eduardo S.
  page 39-66
• Portfolio choice and equity characteristics: Characterizing the hedging demands induced by return predictability
  Lynch, Anthony
  page 67-130
• Pricing and hedging in incomplete markets
  Carr, Peter, Geman, Helyette, and Madan, Dilip B.
  page 131-167
• The optimal spread and offering price for underwritten securities
  Yeoman, John C.
  page 169-198

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Volume 62, Issue 2, November 2001

• An equilibrium model of irreversible investment
  Kogan, Leonid
  page 201-245
• Convergence trading with wealth effects
  Xiong, Wei
  page 247-292
• Extracting factors from heteroskedastic asset returns
  Jones, Christopher S.
  page 293-325
• Evaluating the specification errors of asset pricing models
  Hodrick, Robert J. and Zhang, Xiaoyan
  page 327-376
• The performance of professional market timers: daily evidence from executed strategies
  Chance, Don M., and Hemler, Michael L.
  page 377-411

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Volume 62, Issue 3, December 2001

• Bankers on boards: monitoring, conflicts of interest, and lender liability
  Kroszner, Randall S., and Strahan, Philip E.
  page 415-452
• Pay for performance? Government regulation and the structure of compensation contracts
  Perry, Tod, and Zenner, Marc
  page 453-488
• Linking pay to performance - compensation proposals in the S&P 500
  Morgan, Angela G., and Poulsen, Annette B.
  page 489-523
• Does Delaware law improve firm value?
  Daines, Robert
  page 525-558
• Understanding the determination of managerial ownership and its relationship to firm performance: Comment
  Zhou, Xianming
  page 559-571

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Volume 63, Issue 1, January 2002

• The jump-risk premia implicit in options: evidence from an integrated time-series study
  Pan, Jun
  page 3-50
• Does diversification destroy value? Evidence from industry shocks
  Lamont, Owen A. and Polk, Christopher
  page 51-77
• Contracting in the investment management industry: evidence from mutual funds
  Deli, Daniel N., and Varma, Raj
  page 79-98
• Agents watching agents? Evidence from pension fund ownership and firm value
  Woidtke, Tracie
  page 99-131
• Liquidity Provision and Specialist Trading in NYSE-Listed Non-U.S. Stocks
  Bacidore, Jeffrey M., and Sofianos, George
  page 133-158

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Volume 63, Issue 2, February 2002

• Simulated likelihood estimation of diffusions with an application to exchange rate dynamics in incomplete market
  Brandt, Michael W., and Santa-Clara, Pedro
  page 161-210
• Resources, real options, and corporate strategy
  Bernardo, Antonio E., and Chowdhry, Bhagwan
  page 211-234
• When a buyback isn't a buyback; Open market repurchases and employee options
  Kahle, Kathleen M.
  page 235-261
• Depositor discipline and changing regulatory strategies in the thrift industry
  Goldberg, Lawrence G., and Hudgins, Sylvia C.
  page 263-274
• Corporate leverage and currency crises
  Bris, Arturo, and Koskinen, Yrjo
  page 275-310

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Volume 63, Issue 3, March 2002

• Mutual fund performance and seemingly unrelated assets
  Pastor, Lubos, and Stambaugh, Robert F.
  page 315-349
• Investing in equity mutual funds
  Pastor, Lubos, and Stambaugh, Robert F.
  page 351-380
• Do after-tax returns affect mutual fund inflows?
  Bergstresser, Daniel, and Poterba, James
  page 381-414
• Expectation puzzles, time-varying risk premia, and affine models of the term structure
  Dai, Qiang, and Singleton, Kenneth J.
  page 415-441
• Asymmetric correlations of equity portfolios
  Ang, Andrew , and Chen, Joseph
  page 443-494

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Volume 64, Issue 1, April 2002

• Asset liquidity, debt covenants, and managerial discretion in financial distress: The collapse of L.A. Gear (CLINICAL)
  DeAngelo, Harry , DeAngelo, Linda, and Wruck, Karen H.
  page 3-34
• Growth opportunities and corporate debt policy: the case of the U.S. Defense Industry (CLINICAL)
  Goyal, Vidhan, Lehn, Kenneth, and Racic, Stanko
  page 35-59
• Governance with poor investor protection: Evidence from top executive turnover in Italy (CLINICAL)
  Volpin, Paolo F.
  page 61-90
• Limited arbitrage in mergers and acquisitions
  Baker, Malcolm, and Savasoglu, Serkan
  page 91-115
• Divestitures and the liquidity of the market for corporate assets
  Schlingemann, Frederik P., Stulz, Rene M., and Walkling, Ralph A.
  page 117-144

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Volume 64, Issue 2, May 2002

• Industry growth and capital allocation: Does having a market- or bank-based system matter?
  Beck, Thorsten, and Levine, Ross
  page 147-180
• The value of durable bank relationships: Evidence from Korean banking shocks
  Bae, Kee-Hong, Kang, Jun-Koo, and Lim, Chan-Woo
  page 181-214
• A cross-firm analysis of the impact of corporate governance on the East Asian financial crisis
  Mitton, Todd
  page 215-241
• Liquidity risk and special repos: How well do forward repo spreads price future specialness?
  Buraschi, Andrea , and Menini, Davide
  page 243-284
• A theory of strategic venture investing
  Hellmann, Thomas
  page 285-314

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Volume 64, Issue 3, June 2002

• Performance consequences of mandatory increases in executive stock ownership
  Core, John E., and Larcker, David F.
  page 317-340
• Empirical pricing kernels
  Rosenberg, Joshua V. , and Engle, Robert F.
  page 341-372
• Firm diversification and asymmetric information: Evidence from analysts' forecasts and earnings announcements
  Thomas, Shawn
  page 373-396
• How does the internet affect trading? Evidence from investor behavior in 401(k) plans
  Choi, James J., Laibson, David, and Metrick, Andrew
  page 397-421
• Stock return predictability and model uncertainty
  Avramov, Doron
  page 423-458

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Volume 65, Issue 1, July 2002

• Building the IPO order book: underpricing and participation limits with costly information
  Sherman, Ann E. , and Titman, Sheridan
  page 3-29
• Econometric models of limit-order executions
  Lo, Andrew W. , MacKinlay, A. Craig, and Zhang, June
  page 31-71
• Short-term interest rate dynamics: A spatial approach
  Bandi, Federico M.
  page 73-110
• Order imbalance, liquidity, and market returns
  Chordia, Tarun, Roll, Richard, and Subrahmanyam, Avanidhar
  page 111-130
• The dilution impact of daily fund flows on open-end mutual funds
  Greene, Jason T. , and Hodges, Charles W.
  page 131-158

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Volume 65, Issue 2, August 2002

• IPO allocations: Discriminatory or discretionary?
  Ljungqvist, Alexander , and Wilhelm, William J.
  page 167-201
• Dating the integration of world equity markets
  Bekaert, Geert, Harvey, Campbell R. , and Lumsdaine, Robin L.
  page 203-247
• Conditional performance measurement using portfolio weights: evidence for pension funds
  Ferson, Wayne , and Khang, Kenneth
  page 249-282
• Pricing and capital allocation in catastrophe insurance
  Zanjani, George
  page 283-305

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Volume 65, Issue 3, September 2002

• Litigation risk and IPO underpricing
  Lowry, Michelle, and Shu, Susan
  page 309-335
• Funding growth in bank-based and market-based financial systems: Evidence from firm level data
  Demirguc-Kunt, Asli, Maksimovic, Vojislav
  page 337-363
• The ultimate ownership of Western European Corporations
  Faccio, Mara, and Lang, Larry H.P.
  page 365-395
• Predicting the next step of a random walk: Experimental evidence of regime-shifting beliefs
  Bloomfield, Robert, Hales, Jeffrey
  page 397-414
• Market efficiency in real time
  Busse, Jeffrey A., Green, T. Clifton
  page 415-437

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Volume 66, Issue 1, October 2002

• Investor protection and equity markets
  Shleifer, Andrei, Wolfenzon, Daniel
  page 3-27
• CEO compensation, diversification, and incentives
  Jin, Li
  page 29-63
• Protection of minority shareholder interests, cross-listings in the United States, and subsequent equity offerings
  Reese, William A., and Weisbach, Michael S.
  page 65-104
• Strategic IPO underpricing, information momentum, and lockup expiration selling
  Aggarwal, Rajesh K., Krigman, Laurie, Womack, Kent L.
  page 105-137
• The impact of specialist firm acquisitions on market quality
  Hatch, Brian C., Johnson, Shane A.
  page 139-167

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Volume 66, Issue 2-3, November 2002

• Breadth of ownership and stock returns
  Chen, Joseph, Hong, Harrison, Stein, Jeremy C.
  page 171-205
• Short sale constraints and stock returns
  Jones, Charles M., and Lamont, Owen A.
  page 207-239
• Stocks are special too: An analysis of the equity lending market
  Geczy, Christopher C., Musto, David K., Reed, Adam V.
  page 241-269
• The market for borrowing stock
  D'Avolio, Gene
  page 271-306
• Securities lending, shorting, and pricing
  Duffie, Darrell, Garleanu, Nicolae, Pedersen, Lasse Heje
  page 307-339
• Synchronization risk and delayed arbitrage
  Abreu, Dilip, Brunnermeier, Markus K.
  page 341-360
• Equilibrium and welfare in markets with financially constrained arbitrageurs
  Gromb, Denis, Vayanos, Dimitri
  page 361-407
• Who underreacts to cash-flow news? Evidence from trading between individuals and institutions
  Cohen, Randolph B., Gompers, Paul A., Vuolteenaho, Tuomo
  page 409-462
• The bond/old-bond spread
  Krishnamurthy, Arvind
  page 463-506

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Volume 67, Issue 1, January 2003

• Why does IPO volume fluctuate so much?
  Lowry, Michelle
  page 3-40
• A multivariate model of strategic asset allocation
  Campbell, John Y., Chan, Yeung Lewis, and Viceira, Luis M.
  page 41-80
• Firms and their distressed banks: lessons from the Norwegian Banking Crisis (1988-1991)
  Ongena, Steven, Smith, David C., and Michalsen, Dag
  page 81-112
• Valuation effects of bank financing in acquisitions
  Bharadwaj, Anu and Shivdasani, Anil
  page 113-148
• Concealing and confounding adverse signals: Insider wealth-maximizing behavior in the IPO process
  Ang, James S., and Brau, James C.
  page 149-172

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Volume 67, Issue 2, February 2003

• The personal-tax advantages of equity
  Green, Richard C., and Hollifield, Burton
  page 175-216
• Testing the pecking order theory of capital structure
  Frank, Murray, and Goyal, Vidhan
  page 217-248
• How do family strategies affect fund performance? When performance-maximization is not the only game in town
  Massa, Massimo
  page 249-304
• Executive rank, pay and project selection
  Barron, John M., and Waddell, Glen R.
  page 305-349
• Cronyism and capital controls: Evidence from Malaysia
  Johnson, Simon, and Mitton, Todd
  page 351-382

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Volume 67, Issue 3, March 2003

• Paper millionaires: How valuable is stock to a stockholder who is restricted from selling it?
  Kahl, Matthias, Liu, Jun, and Longstaff, Francis A.
  page 385-410
• Do equity financing cycles matter? Evidence from biotechnology alliances
  Lerner, Josh, Shane, Hilary, and Tsai, Alexander
  page 411-446
• Universal option valuation using quadrature methods
  Andricopoulos, Ari D., Duck, Peter W., Newton, David P., and Widdicks, Martin
  page 447-471
• The economic value of volatility timing using 'realized' volatility
  Fleming, Jeff, Kirby, Chris, and Ostdiek, Barbara
  page 473-509
• A barrier option framework for corporate security valuation
  Brockman, Paul, and Turtle, Harry J.
  page 511-529

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Volume 68, Issue 1, April 2003

• Voting with their feet: Institutional ownership changes around forced CEO turnover
  Parrino, Robert, Sias, Richard W., and Starks, Laura T.
  page 3-46
• News related to future GDP growth as a risk factor in equity
  Vassalou, Maria
  page 47-73
• Capital structure choice: Macroeconomic conditions and financial constraints
  Korajczyk, Robert A., and Levy, Ammon
  page 75-109
• Allocation of initial public offerings and flipping activity
  Aggarwal, Reena
  page 111-135
• Allocations, adverse selection, and cascades in IPOs: Evidence from the Tel Aviv Stock Exchange
  Amihud, Yakov, Hauser, Shmuel, and Kirsh, Amir
  page 137-158
  

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Volume 68, Issue 2, May 2003

• Style investing
  Barberis, Nicholas and Shleifer, Andrei
  page 161-199
  
• Long-horizon regressions: Theoretical results and applications
  Valkanov, Rossen
  page 201-232
  
• CEO reputation and stock-based compensation
  Milbourn, Todd T.
  page 233-262
  
• Founding family ownership and the agency cost of debt
  Anderson, Ronald C., Mansi, Sattar A., and Reeb, David M.
  page 263-285
  
• Corporate governance and firm profitability: evidence from Korea before the economic crisis
  Joh, Sung Wook
  page 287-322
  

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Volume 68, Issue 3, June 2003

• The value of corporate voting rights and control: a cross-country analysis
  Nenova, Tatiana
  page 325-351
  
• Capital structure and product markets interactions: Evidence from business cycles
  Campello, Murillo
  page 353-378
  
• Payment for order flow
  Parlour, Christine A. and Rajan, Uday
  page 379-411
  
• The marketing role of IPOs: evidence from internet stocks
  Demers, Elizabeth and Lewellen, Katharina
  page 413-437
  
• A closing call's impact on market quality at Euronext Paris
  Pagano, Michael S. and Schwartz, Robert A.
  page 439-484
  

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Volume 69, Issue 1, July 2003

• The great reversals: the politics of financial development in the 20th Century
  Rajan, Raghuram G. and Zingales, Luigi
  page 5-50
  
• Takeover bids and target directors' incentives: the impact of a bid on directors wealth and board seats
  Harford, Jarrad
  page 51-83
  
• Control as a motivation for underpricing: A comparison of dual-and single-class IPOs
  Smart, Scott B. and Zutter, Chad J.
  page 85-110
  
• Governance and boards of directors of closed-end investment companies
  Dann, Larry Y., DelGuercio, Diane, and Partch, M. Megan
  page 111-152
  
• Executive stock option repricing, internal governance mechanisms, and management turnover
  Chidambaran, N.K. and Prabhala, Nagpurnanand R.
  page 153-189
  
• Finance, investment and growth
  Carlin, Wendy and Mayer, Colin
  page 191-226
  
• Control benefits and CEO discipline in automatic bankruptcy auctions
  Eckbo, B. Espen and Thorburn, Karin S.
  page 227-258
  
• Debtor-in-possession financing and bankruptcy resolution: empirical evidence
  Dahiya, Sandeep, John, Kose, and Puri, Manju
  page 259-280
  

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Volume 69, Issue 2, August 2003

• Discounting and underpricing in seasoned equity offers
  Altinkilic, Oya, and Hansen, Robert S.
  page 285-323
  
• Do dealer firms manage inventory on a stock-by-stock or a portfolio basis?
  Naik, Narayan Y. , and Yadav, Pradeep K.
  page 325-353
  
• Arbitrage risk and the book-to-market anomaly
  Ali, Ashiq , Hwang, Lee-Seok, and Trombley, Mark A.
  page 355-373
  
• An examination of own account trading by dual traders in futures markets
  Chakravarty, Sugato , and Li, Kai
  page 375-397
  

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Volume 69, Issue 3, September 2003

• Dynamic derivative strategies
  Liu, Jun and Pan, Jun
  page 401-430
  
• Termination fees in mergers and acquisitions
  Officer, Micah S.
  page 431-467
  
• Breaking up is hard to do? An analysis of termination fee provisions and merger outcomes
  Bates , Thomas W. and Lemmon, Michael L.
  page 469-504
  
• Earnings management and investor protection: an international comparison
  Leuz, Christian, Nanda, Dhananjay and Wysocki, Peter D.
  page 505-527
  

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Volume 70, Issue 1, October 2003

• The choice among bank debt, non-bank private debt, and public debt: evidence from new corporate borrowings
  Denis, David J., and Mihov, Vassil T.
  page 3-28
  
• The calendar structure of risk and expected returns on stocks and bonds
  Ogden, Joseph P.
  page 29-67
  
• Divisional diversity and the conglomerate discount: evidence from spinoffs
  Burch, Timothy R. , and Nanda, Vikram
  page 69-98
  
• Institutional trading and alternative trading systems
  Conrad, Jennifer, Johnson, Kevin M., and Wahal, Sunil
  page 99-134
  

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Volume 70, Issue 2, November 2003

• Law, endowments, and finance
  Beck, Thorsten, Demirguc-Kunt, Asli, and Levine, Ross
  page 137-181
  
• China share issue privatization: The extent of its success
  Sun, Qian, and Tong, Wilson H. S.
  page 183-222
  
• Stock price reaction to news and no-news: Drift and reversal after headlines
  Chan, Wesley S.
  page 223-260
  
• The maturity of debt issues and predictable variation in bond returns
  Baker, Malcolm, Greenwood, Robin, and Wurgler, Jeffrey
  page 261-291
  

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Volume 70, Issue 3, December 2003

• Stock market driven acquisitions
  Shleifer, Andrei, and Vishny, Robert W.
  page 295-311
  
• Culture, openness, and finance
  Stulz, Rene M., and Williamson, Rohan
  page 313-349
  
• Boundaries of the firm: Evidence from the banking industry
  Brickley, James A., Linck, James S., and Smith, Clifford W.
  page 351-383
  
• Quote-based competition and trade execution costs in NYSE-listed stocks
  Bessembinder, Hendrik
  page 385-422
  
• How much do firms hedge with derivatives?
  Guay, Wayne, and Kothari, S.P.
  page 423-461
  
• Likelihood-based specification analysis of continuous-time models of the short-term interest rate
  Durham, Garland B.
  page 463-487
  

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Volume 71, Issue 1, January 2004

• Is the IPO pricing process efficient?
  Lowry, Michelle and Schwert, G. William
  page 3-26
• Earnings management, stock issues, and shareholder lawsuits
  DuCharme, Larry L., Malatesta, Paul H. and Sefcik, Stephan E.
  page 27-49
• Tax-loss trading and wash sales
  Grinblatt, Mark and Keloharju, Matti
  page 51-76
• The basis risk of catastrophic-loss index securities
  Cummins, J. David, Lalonde, David and Phillips, Richard D.
  page 77-111
• Time-changed Lévy processes and option pricing
  Carr, Peter and Wu, Liuren
  page 113-141
• The impact of stock market information production on internal resource allocation
  Goldman, Eitan
  page 143-167
• Selling company shares to reluctant employees: France Telecom's experience
  Degeorge, François, Jenter, Dirk, Moel, Alberto, and Tufano, Peter
  page 169-202

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Volume 71, Issue 2, February 2004

• Why are foreign firms listed in the U.S. worth more?
  Doidge, Craig G., Karolyi, Andrew, and Stulz, René M.
  page 205-238
• Investibility and return volatility
  Bae, Kee-Hong, Chan, Kalok, and Ng, Angela
  page 239-263
• Corporate governance and firm value: evidence from the Korean financial crisis
  Baek, Jae-Seung, Kang, Jun-Koo, and Park, Kyung Suh
  page 265-313
• Bailout and conglomeration
  Kim, Se-Jik
  page 315-347
• The illusory nature of momentum profits
  Lesmond, David A., Schill, Michael J. and Zhou, Chunsheng
  page 349-380
• Death spiral convertibles
  Hillion, Pierre and Vermaelen, Theo
  page 381-415

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Volume 71, Issue 3, March 2004

• Market evidence on the opaqueness of banking firms’ assets
  Flannery, Mark J., Kwan, Simon H., and Nimalendran, M.
  page 419-460
• The impact of illegal insider trading in dealer and specialist markets: evidence from a natural experiment
  Fishe, Raymond P. H. and Robe, Michel A.
  page 461-488
• Internal capital markets and investment policy: evidence from corporate spinoffs
  Ahn, Seoungpil, and Denis, David J.
  page 489-516
• Determinants of target capital structure: The case of dual debt and equity issues
  Hovakimian, Armen, Hovakimian, Gayane, and Tehranian, Hassan
  page 517-540
• Predicting stock price movements from past returns: the role of consistency and tax-loss selling
  Grinblatt, Mark and Moskowitz, Tobias J.
  page 541-579
• Order preferencing and market quality on NASDAQ before and after decimalization
  Chung, Kee H., Chuwonganant, Chairat, and McCormick, D. Timothy
  page 581-612

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Volume 72, Issue 1, April 2004

• The illiquidity puzzle: theory and evidence from private equity
  Lerner, Josh and Schoar, Antoinette
  page 3-40
• The timing and terms of mergers motivated by economies of scale
  Lambrecht, Bart M.
  page 41-62
• Mana7gement turnover in subsidiaries of conglomerates versus stand-alone firms
  McNeil, Chris, Niehaus, Greg, and Powers, Eric
  page 63-96
• Modeling the bid/ask spread: measuring the inventory-holding premium
  Bollen, Nicolas P. B., Smith, Tom, and Whaley, Robert E.
  page
• Modeling the term structure of interest rates: A new approach
  Kimmel, Robert L.
  page 143-183
• Information and bank credit allocation
  Dell'Ariccia, Giovanni and Marquez, Robert
  page 185-214

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Volume 72, Issue 2, May 2004

• On the relationship between the conditional mean and volatility of stock returns: A latent VAR approach
  Brandt, Michael W. and Kang, Qiang
  page 217-257
• A theory of corporate spin-offs
  Chemmanur, Thomas J. and Yan, An
  page 259-290
• The importance of the loss function in option valuation
  Christoffersen, Peter and Jacobs, Kris
  page 291-318
• The effect of capital market characteristics on the value of start-up firms
  Inderst, Roman and Müller, Holger M.
  page 319-356
• The effects of government ownership on bank lending
  Sapienza, Paola
  page 357-384
• Data-generating process uncertainty: What difference does it make in portfolio decisions?
  Tu, Jun and Zhou, Guofu
  page 385-421

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Volume 72, Issue 3, June 2004

• Are dividends disappearing? Dividend concentration and the consolidation of earnings
  DeAngelo, Harry, DeAngelo, Linda, and Skinner, Douglas J.
  page 425-456
• Portfolio choice and health status
  Rosen, Harvey S. and Wu, Stephen
  page 457-484
• Order imbalance and individual stock returns: Theory and evidence
  Chordia, Tarun and Subrahmanyam, Avanidhar
  page 485-518
• U.S. cross-listings and the private benefits of control: evidence from dual-class firms
  Doidge, Craig
  page 519-553
• The role of syndicate structure in bank underwriting
  Narayanan, Rajesh P., Rangan, Kasturi P. and Rangan, Nanda K.
  page 555-580
• Smart investments by smart money: Evidence from seasoned equity offerings
  Gibson, Scott, Safieddine, Assem and Sonti, Ramana
  page 581-604
• Tick size, NYSE rule 118, and ex-dividend day stock price behavior
  Jakob, Keith and Ma, Tongshu
  page 605-625

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Volume 73, Issue 1, July 2004

• Does an electronic stock exchange need an upstairs market?
  Bessembinder, Hendrik and Venkataraman, Kumar
  page 3-36
• Common market makers and commonality in liquidity
  Coughenour, Jay F. and Saad, Mohsen M.
  page 37-69
• Leverage decision and manager compensation with choice of effort and volatility
  Cadenillas, Abel, Cvitanic, Jaksa, and Zapatero, Fernando
  page 71-92
• Performance fee contract change and mutual fund risk
  Golec, Joseph and Starks, Laura
  page 93-118
• CEO compensation and incentives - Evidence from M&A bonuses
  Grinstein, Yaniv and Hribar, Paul
  page 119-143
• The value of tax shields is NOT equal to the present value of tax shields
  Fernandez, Pablo
  page 145-165

  Clinical Paper

• The value of dividend imputation tax credits in Australia
  Cannavan, Damien, Finn, Frank, and Gray, Stephen
  page 167-197

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Volume 73, Issue 2, August 2004

• Firm size and the gains from acquisitions
  Moeller, Sara B., Schlingemann, Frederik P., and Stulz, Rene
  page 201-228
• New lists: Fundamentals and survival rates
  Fama, Eugene F. and French, Kenneth R.
  page 229-269
• Appearing and disappearing dividends: The link to catering incentives
  Baker, Malcolm and Wurgler, Jeffrey
  page 271-288
• Why constrain your mutual fund manager?
  Almazan, Andres, Brown, Keith C., Carlson, Murray, and Chapman, David A.
  page 289-321
• The costs of shared ownership: Evidence from international joint ventures
  Desai, Mihir A., Foley, C. Fritz, and Hines Jr., James R.
  page 323-374
• Grandstanding, certification and the underpricing of venture capital backed IPOs
  Lee, Peggy M. and Wahal, Sunil
  page 375-407

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Volume 73, Issue 3, September 2004

• Asset prices and real investment
  Kogan, Leonid
  page 411-431
• The timing and value of forecast and recommendation revisions
  Ivkovic, Zoran and Jegadeesh, Narasimhan
  page 433-463
• Estimating the market risk premium
  Mayfield, E. Scott
  page 465-496
• Who is in whose pocket? Director compensation, board independence, and barriers to effective monitoring
  Ryan, Harley E. and Wiggins, Roy A.
  page 497-524
• Testing market efficiency using statistical arbitrage with applications to momentum and value strategies
  Hogan, Steve, Jarrow, Robert, Warachka, Mitch, and Teo, Melvyn
  page 525-565
• Banking market structure and financial stability: Evidence from the texas real estate crisis in the 1980s
  Gan, Jie
  page 567-601
• Corrigendum to "Universal option valuation using quadrature methods":
  Ari D. Andricopoulos, Martin Widdicks, Peter W. Duck, and David P. Newton
  page 603

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Volume 74, Issue 1, October 2004

• The effect of capital structure when expected agency costs are extreme
  Harvey, Campbell R., Lins, Karl V., and Roper, Andrew H.
  page 3-30
• Conditional estimation of diffusion processes
  Li, Mingqiang, Pearson, Neil D., and Poteshman, Allen M.
  page 31-66
• Do security analysts exhibit persistent differences in stock picking ability?
  Mikhail, Michael B., Walther, Beverly R., and Willis, Richard H.
  page 67-91
• The choice of equity-selling mechanisms
  Wu, YiLin
  page 93-119
• Earnings management and the market performance of acquiring firms
  Louis, Henock
  page 121-48
• Gains in bank mergers: Evidence from the bond markets
  Penas, Maria Fabiana and Unal, Haluk
  page 149-179
• A revealed preference approach to understanding corporate governance problems: Evidence from Canada
  Chirinko, Robert S. and Schaller, Huntley
  page 181-206

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Volume 74, Issue 2, November 2004

• Predicting returns with financial ratios
  Lewellen, Jonathan
  page 209-235
• Managerial succession and firm performance
  Huson, Mark R., Malatesta, Paul H., and Parrino, Robert
  page 237-275
• Cross-country determinants of mergers and acquisitions
  Rossi, Stefano and Volpin, Paolo
  page 277-304
• Limited arbitrage and short sales restrictions: Evidence from the options markets
  Ofek, Eli, Richardson, Matthew, and Whitelaw, Robert F.
  page 305-342
• Institutional trading and the turn-of-the-year-effect
  Ng, Lilian and Wang, Qinghai
  page 343-366
• Style effects in the cross-section of stock returns
  Teo, Melvyn and Woo, Sung-Jun
  page 367-398

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Volume 74, Issue 3, December 2004

• Corporate earnings and the equity premium
  Longstaff, Francis A. and Piazzesi, Monika
  page 401-421
• Sources of gain in horizontal mergers: Evidence from customer, supplier, and rival firms
  Fee, C. Edward and Thomas, Shawn
  page 423-460
• Measuring stock illiquidity: An investigation of the demand and supply schedules at the TASE
  Kalay, Avner, Sade, Orly, and Wohl, Avi
  page 461-486
• Disentangling diffusion from jumps
  Aït-Sahalia, Yacine
  page 487-528
• An econometric model of serial correlation and illiquidity in hedge fund returns
  Getmansky, Mila, Lo, Andrew W., and Makarov, Igor
  page 529-609

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Volume 75, Issue 1, January 2005

• The risk and return of venture capital
  Cochrane, John H.
  page 3-52
• Accounting transparency and the term structure of credit spreads
  Yu, Fan
  page 53-84
• The cross-section of expected corporate bond returns: Betas or charateristics?
  Gebhardt, William R., Hvidkjaer, Soeren, and Swaminathan, Bhaskaran
  page 85-114
• The timing of initial public offerings
  Benninga, Simon, Helmantel, Mark, and Sarig, Oded
  page 115-132
• The effect of external finance on the equilibrium allocation of capital
  Almeida, Heitor and Wolfenzon, Daniel
  page 133-164
• The "make or take" decision in an electronic market: Evidence on the evolution of liquidity
  Bloomfield, Robert, O'Hara, Maureen, and Saar, Gideon
  page 165-199
• Integration, organizational processes and allocation of resources
  Ozbas, Oguzhan
  page 201-242

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Volume 75, Issue 2, February 2005

• Information content of equity analyst reports
  Asquith, Paul, Mikhail, Michael B., and Au, Andrea S.
  page 245-282
• Comovement
  Barberis, Nicholas, Shleifer, Andrei, and Wurgler, Jeffrey
  page 283-317
• Can foreign firms bond themselves effectively by renting U.S. securities laws?
  Siegel, Jordan
  page 319-359
• The many facets of privately negotiated stock repurchases
  Peyer, Urs C. and Vermaelen, Theo
  page 361-395
• Pricing, exit and location decisions of firms: evidence on the role of debt and operating efficiency
  Khanna, Naveen and Tice, Sheri
  page 397-427
• Time-varying inflation risk premia and the expectations hypothesis: A monetary model of the treasury yield curve
  Buraschi, Andrea and Jiltsov, Alexei
  page 429-490

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Volume 75, Issue 3, March 2005

• Investment timing, agency and information
  Grenadier, Steven R. and Wang, Neng
  page 493-533
• Financial intermediation as a beliefs-bridge between optimists and pessimists
  Coval, Joshua D. and Thakor, Anjan V.
  page 535-569
• Dealer behavior and trading systems in foreign exchange markets
  Bjonnes, Gier Hoidal and Rime, Dagfinn
  page 571-605
• Short-and long-term demand for stocks: Theory and evidence on the dynamics of arbitrage
  Greenwood, Robin
  page 607-649
• Stock and bond market interaction: Does momentum spill over?
  Gebhardt, William R., Hvidkjaer, Soeren, and Swaminathan, Bhaskaran
  page 651-690
• News spillovers in the sovereign debt market
  Gande, Amar and Parsley, David
  page 691-734

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Volume 76, Issue 1, April 2005

• Do tender offers create value? New methods and evidence
  Bhagat, Sanjai, Noah, Ming, Dong, Robert, and Hirshleifer, David
  page 3-60
• Industry structure and horizontal takeovers:analysis of wealth effects on rivals, suppliers, and corporate customers
  Shahrur, Husayn
  page 61-98
• Why do some firms give stock options to all employees?: An empirical examination of alternative theories
  Oyer, Paul and Schaefer, Scott
  page 99-133
• Shareholder investment horizon and the market for corporate control
  Gaspar, Jose Miguel, Massa, Massimo, and Matos, Pedro
  page 135-165
• Let's make a deal! How shareholder control impacts merger payoffs
  Moeller, Thomas
  page 167-190
• How much value can blockholders tunnel? Evidence from the Bulgarian mass privatization auctions
  Atanasov, Vladimir
  page 191-234

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Volume 76, Issue 2, May 2005

• Does function follow organizational form? Evidence from the lending practices of large and small banks
  Berger, Allen N., Miller, Nathan H., Petersen, Mitchell A., Rajan, Raghuram G., and Stein, Jeremy C.
  page 237-269
• Evidence on the speed of convergence to market efficiency
  Chordia, Tarun, Roll, Richard, and Subrahmanyam, Avanidhar
  page 272-292
• The economics of interest rates
  Vasicek, Oldrich Alfons
  page 293-307
• Informational effects of regulation FD: Evidence from rating agencies
  Jorion, Philippe, Liu, Zhu, and Shi, Charles
  page 309-330
• Management quality, certification, and initial public offerings
  Chemmanur, Thomas J. and Paeglis, Imants
  page 331-368
• Postprivatization corporate governance: The role of ownership structure and investor protection
  Boubakri, Narjess, Cosset, Jean-Claude, and Guedhami, Omrane
  page 369-399
• Professional trader discipline and trade disposition
  Locke, Peter R. and Mann, Steven C.
  page 401-444
• Exercise behavior, valuation, and the incentive effects of employee stock options
  Bettis, J. Carr, Bizjak, John M., and Lemmon, Michael L.
  page 445-470

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Volume 76, Issue 3, June 2005

• Why stocks may disappoint
  Ang, Andrew, Bekaert, Geert, and Liu, Jun
  page 471-508
• There is a risk-return tradeoff after all
  Ghysels, Eric, Santa-Clara, Pedro, and Valkanov, Rossen
  page 509-548
• Financing decisions: who issues stock?
  Fama, Eugene F. and French, Kenneth R.
  page 549-582
• Expected returns and expected dividend growth
  Lettau, Martin and Ludvigson, Sydney C.
  page 583-626
• Conflicts between principals and agents: Evidence from residential brokerage
  Rutherford, R.C., Springer, T.M., and Yavas, A.
  page 627-665
• Interactions of corporate financing and investment decisions:The effects of agency conflicts
  Childs, Paul D., Mauer, David C., and Ott, Steven H.
  page 667-690

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Volume 77, Issue 1, July 2005

• Does financial liberalization spur growth?
  Bekaert, Geert, Harvey, Campbell R., and Lundblad, Christian
  page 3-55
• Law, finance and economic growth in China
  Allen, Franklin, Qian, Jun, and Qian, Meijun
  page 57-116
• Institutions, ownership and finance: The determinants of profit reinvestment among Chinese firms
  Cull, Robert and Xu, Lixin Colin
  page 117-146
• Market manipulation: A comprehensive study of stock pools
  Jiang, Guolin, Mahoney, Paul G., and Mei, Jianping
  page 147-170
• Strategic trading behavior and price distortion in a manipulated market: Anatomy of a squeeze
  Merrick, John J., Naik, Narayan Y., and Yadav, Pradeep K.
  page 171-218
• Do hedge funds have enough capital? a value-at-risk approach
  Gupta, Anurag and Liang, Bing
  page 219-253

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Volume 77, Issue 2, August 2005

• The dynamics of international equity market expectations
  Brennan, M.J., Cao, H. H., Xinzhong, X., and Strong, N.
  page 257-288
• Earnings expectations, investor trade size, and anomalous returns around earnings announcements
  Battalio, Robert H. and Mendenhall, Richard R.
  page 289-319
• Optimal toeholds in takeover contests
  Goldman, Eitan and Qian, Jun
  page 321-346
• Issuer surplus and the partial adjustment of IPO prices to public information
  Edelen, Roger M. and Kadlec, Gregory B.
  page 347-373
• Asset pricing with liquidity risk
  Acharya, Viral V. and Pedersen, Lasse Heje
  page 375-410
• Liquidity of emerging markets
  Lesmond, David A.
  page 411-452
• Politicians and banks: political influences on government-owned banks in emerging countries
  Dinc, I. Serdar
  page 453-479

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Volume 77, Issue 3, September 2005

• Payout policy in the 21st century
  Brav, A, Graham, J., Michaely, R., and Harvey, C.R.
  page 483-527
• What drives merger waves?
  Harford, Jarrad
  page 529-560
• Valuation waves and merger activity: The empirical evidence
  Rhodes-Kropf, Matthew, Robinson, David T., and Viswanathan, S.
  page 561-603
• Determinants and implications of arbitrage holdings in acquisitions
  Hsieh, Jim and Walkling, Ralph
  page 605-648
• The dynamics of mergers and acquisitions
  Morellec, Erwan and Zhdanov, Alexei
  page 649-672
• Does it pay to be loyal? An empirical analysis of underwriting relationships and fees
  Burch, Timothy, Nanda, Vikram, and Warther, Vincent
  page 673-699

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Volume 78, Issue 1, October 2005

• Dynamic risk management: theory and evidence
  Fehle, Frank and Tsyplakov, Sergey
  page 3-47
• Stock price clustering on option expiration dates
  Ni, Sophie Xiaoyan, Pearson, Neil D., and Poteshman, Allen M.
  page 49-87
• You can't always get what you want: Trade-size clustering and quantity choice in liquidity
  Moulton, Pamela C.
  page 89-119
• Cross-border dividend taxation and the preferences of taxable and non-taxable investors: evidence from Canada
  Christoffersen, Susan E. K., Geczy, Christopher C., Musto, David K., and
  Reed, Adam V.
  page 121-144
• Explaining the size of the mutual fund industry around the world
  Khorana, Ajay, Servaes, Henri, and Tufano, Peter
  page 145-185
• Is value riskier than growth?
  Petkova, Ralitsa and Zhang, Lu
  page 187-202
• Unchecked intermediaries: Price manipulation in an emerging stock market
  Khwaja, Asim Ijaz and Mian, Atif
  page 203-241

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Volume 78, Issue 2, November 2005

• Short interest, institutional ownership, and stock returns
  Asquith, Paul, Pathak, Parag A., and Ritter, Jay R.
  page
• Short sales, institutional investors, and the cross-section of stock returns
  Nagel, Stefan
  page
• Prospect theory, mental accounting, and momentum
  Grinblatt, Mark and Han, Bing
  page
• Liquidity: urban versus rural firms
  Loughran, Tim and Schultz, Paul
  page
• The choice between rights offerings and private equity placements
  Cronqvist, Henrik and Nilsson, Mattias
  page
• The costs of entrenched boards
  Bebchuk, Lucian A. and Cohen, Alma
  page
• An empirical examination of the costs and benefits of executive stock options: evidence from Japan
  Kato, Hideaki K., Lemmon, Michael, Luo, Mi, and Schallheim, James
  page

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Volume 78, Issue 3, December 2005

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Last Updated on 9/28/2005