Printed Journal
Temporary deviations of trade prices from fundamental values impart bias to estimates of mean returns to individual securities, to differences in mean returns across portfolios, and to parameters estimated in return regressions. We consider a number of corrections, and show them to be effective under reasonable assumptions. In an application to the Center for Research in Security Prices monthly…
CEOs Under Fire: The Effects of Competition from Inside Directors on Forced CEO Turnover and CEO Compensation (669 ? 698), Contracting with Nonfinancial Stakeholders and Corporate Capital Structure: The Case of Product Warranties (699 ? 727), The Shareholder Base and Payout Policy (729 ? 760), A First Look at Mutual Funds That Use Short Sales (761 ? 787), Debt Maturity and Asymmetric Informatio…
Volatility Trading: What Is the Role of the Long-Run Volatility Component? (pages 273-307), Stocks, Bonds, and Long-Run Consumption Risks (pages 309-332), Asset Liquidity and Stock Liquidity (pages 333-364), The Dividend Initiation Decision of Newly Public Firms: Some Evidence on Signaling with Dividends (pages 365-396), Corporate Governance and Innovation (pages 397-413), Clean Sweep: Informed…
Inefficient Labor or Inefficient Capital? Corporate Diversification and Productivity around the World (pages 1-22), An International Comparison of Capital Structure and Debt Maturity Choices (pages 23-56), Sources of Gains in Corporate Mergers: Refined Tests from a Neglected Industry (pages 57-89), Survival of Overconfidence in Currency Markets (pages 91-113), The Cross Section of Expected Retu…
The Desire to Acquire and IPO Long-Run Underperformance (pages 493-510), A New Method to Estimate Risk and Return of Nontraded Assets from Cash Flows: The Case of Private Equity Funds (pages511-535), The Performance of Investment Bank-Affiliated Mutual Funds: Conflicts of Interest or Informational Advantage? (pages 537-565), Do Pension-Related Business Ties Influence Mutual Fund Proxy Voting? E…
It Pays to Follow the Leader: Acquiring Targets Picked by Private Equity (pages 901-930), ?Preparing? the Equity Market for Adverse Corporate Events: A Theoretical Analysis of Firms Cutting Dividends (pages 933-972), The Optimal Use of Return Predictability: An Empirical Study (pages 973-1001), Dividend Growth, Cash Flow, and Discount Rate News (pages 1003-1028), Shareholders in the Boardroom: …
Aggregate Idiosyncratic Volatility (pages 1155-1185), Corporate Governance, Finance, and the Real Sector (pages 1187-1214), The Principal Principle (pages 1215-1246), Effects of Bank Regulation and Lender Location on Loan Spreads (pages 1247-1278), Cash Flow and Discount Rate Risk in Up and Down Markets: What Is Actually Priced? (pages 1279-1301), Information Content of Earnings Announcements: …