Information Production, Market Signalling, and the Theory of Financial Intermediation
Pages: 863-882 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03506.x | Cited by: 229
TIM S. CAMPBEL, WILLIAM A. KRACAW
Stationarity of Market Risk: Random Coefficients Tests for Individual Stocks
Pages: 883-896 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03507.x | Cited by: 89
SHYAM SUNDER
Co‐Skewness and Capital Asset Pricing
Pages: 897-913 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03508.x | Cited by: 139
IRWIN FRIEND, RANDOLPH WESTERFIELD
On The Direction of Preference for Moments of Higher Order Than The Variance
Pages: 915-919 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03509.x | Cited by: 413
ROBERT C. SCOTT, PHILIP A. HORVATH
Stock Market Return Expectations: Some General Properties
Pages: 921-931 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03510.x | Cited by: 31
JOSEF LAKONISHOK
This paper examines how and how well do leading economists forecast stock market returns. This question is fundamental in finance, since the Capital Asset Pricing foundation rests upon assumptions about the properties of investors' expectations for stock market returns. The results reveal that economists' expectations of market returns as exemplified in Livingston's data do not meet the necessary conditions of efficiency. It should be noted however, that in later period some improvement in the quality of economists' forecasts was observed.
Predictive Ability and Descriptive Validity of Earnings Forecasting Models
Pages: 933-949 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03511.x | Cited by: 9
BENOÎT DESCHAMPS, DILEEP R. MEHTA
Affiliated Bank Performance and the Simultaneity of Financial Decision‐Making
Pages: 951-957 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03512.x | Cited by: 6
DUANE B. GRADDY, REUBEN KYLE
The remarkable growth of bank holding companies (BHCs) during the last decade has aroused a great deal of interest and controversy among academic economists and bank regulators. One of the important issues discussed has been the impact of holding company affiliation on the operating performance of the acquired banks. Subsequent empirical testing of the question has produced a wide array of results. Nevertheless, a recent survey of the literature by the staff of the Federal Reserve Board [18] concluded that while not entirely unambiguous, the findings are “relatively consistent and conclusive.” Such a sweeping generalization seems premature at best.
A Microeconomic Model of Federal Home Loan Mortgage Corporation Activity
Pages: 959-971 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03513.x | Cited by: 1
KENNETH T. ROSEN, DAVID E. BLOOM
Relationships Between the Two Sides of the Balance Sheet: A Canonical Correlation Analysis
Pages: 973-980 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03514.x | Cited by: 26
JOHN D. STOWE, COLLIN J. WATSON, TERRY D. ROBERTSON
The Cost of Capital and U.S. Capital Investment: A Test of Alternative Concepts
Pages: 981-999 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03515.x | Cited by: 1
J. WALTER ELLIOTT
An Analysis of Risk and Return Characteristics of Corporate Bankruptcy Using Capital Market Data
Pages: 1001-1016 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03516.x | Cited by: 76
JOSEPH AHARONY, CHARLES P. JONES, ITZHAK SWARY
Ratio Stability and Corporate Failure
Pages: 1017-1026 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03517.x | Cited by: 116
ISMAEL G. DAMBOLENA, SARKIS J. KHOURY
Nontransferable Interest‐Bearing National Debt
Pages: 1027-1031 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03518.x | Cited by: 2
JOHN BRYANT
Corporate Debt and Corporate Taxes: An Extension
Pages: 1033-1037 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03519.x | Cited by: 27
THOMAS E. CONINE
Back on the Track with the Efficient Markets Hypothesis
Pages: 1039-1043 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03520.x | Cited by: 12
ROBERT L. LOSEY, JOHN C. TALBOTT
On Forecasting Long‐Term Interest Rates: Is the Success of the No‐Change Prediction Surprising?
Pages: 1045-1047 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03521.x | Cited by: 4
JAMES E. PESANDO
Econometric Models and Current Interest Rates: How Well Do They Predict Future Rates—A Reply
Pages: 1049-1050 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03522.x | Cited by: 0
J. WALTER ELLIOTT, J. R. BAIER
Future Investment Opportunities and the Value of the Call Provision on a Bond: Comment
Pages: 1051-1054 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03523.x | Cited by: 6
VAROUJ A. AIVAZIAN, JEFFREY L. CALLEN
Future Investment Opportunities and the Value of the Call Provision on a Bond: Reply
Pages: 1055-1056 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03524.x | Cited by: 2
ZVI BODIE, ROBERT A. TAGGART
Pages: 1057-1068 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03525.x | Cited by: 0
Book reviewed in this article:
Pages: 1069-1069 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03526.x | Cited by: 0
Pages: 1070-1070 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03527.x | Cited by: 1
SOUTHWESTERN FINANCE ASSOCIATION CALL FOR PAPERS
Pages: 1071-1071 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03528.x | Cited by: 18
Pages: 1072-1072 | Published: 9/1980 | DOI: 10.1111/j.1540-6261.1980.tb03529.x | Cited by: 0