The Journal of Finance

Cover image for The Journal of Finance

July 1984

Volume 39, Issue 3

Pages 574–937, i–xiii

  1. Front Matter

    1. Top of page
    2. Front Matter
    3. Session: Presidential Address
    4. Session: Valuation of Corporate Claims
    5. Session: Futures Markets
    6. Session: The Changing Effect of Inflation on Financial Returns
    7. Session: Issues in International Finances
    8. Session: Deregulation and Changes in the Financial Services Industry
    9. Session: Valuation Anomalies—Empiricals
    10. Session: Capital Structures
    11. Session: Selected Papers
    12. Session: Business Meeting and Reports American Finance Associations
    13. Association Meetings
    14. Announcements
    15. Author Index
    16. Style Instructions
    17. Back Matter
    1. Front Matter (pages i–vii)

      Article first published online: 10 FEB 2016 | DOI: 10.1111/j.1540-6261.1984.tb00831.x

  2. Session: Presidential Address

    1. Top of page
    2. Front Matter
    3. Session: Presidential Address
    4. Session: Valuation of Corporate Claims
    5. Session: Futures Markets
    6. Session: The Changing Effect of Inflation on Financial Returns
    7. Session: Issues in International Finances
    8. Session: Deregulation and Changes in the Financial Services Industry
    9. Session: Valuation Anomalies—Empiricals
    10. Session: Capital Structures
    11. Session: Selected Papers
    12. Session: Business Meeting and Reports American Finance Associations
    13. Association Meetings
    14. Announcements
    15. Author Index
    16. Style Instructions
    17. Back Matter
    1. You have free access to this content
      The Capital Structure Puzzle (pages 574–592)

      STEWART C. MYERS

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03646.x

  3. Session: Valuation of Corporate Claims

    1. Top of page
    2. Front Matter
    3. Session: Presidential Address
    4. Session: Valuation of Corporate Claims
    5. Session: Futures Markets
    6. Session: The Changing Effect of Inflation on Financial Returns
    7. Session: Issues in International Finances
    8. Session: Deregulation and Changes in the Financial Services Industry
    9. Session: Valuation Anomalies—Empiricals
    10. Session: Capital Structures
    11. Session: Selected Papers
    12. Session: Business Meeting and Reports American Finance Associations
    13. Association Meetings
    14. Announcements
    15. Author Index
    16. Style Instructions
    17. Back Matter
    1. Optimal Financial Policy and Firm Valuation (pages 593–607)

      MICHAEL J. BRENNAN and EDUARDO S. SCHWARTZ

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03647.x

    2. DISCUSSION (pages 607–609)

      DAVID EMANUEL

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03648.x

    3. Contingent Claims Analysis of Corporate Capital Structures: an Empirical Investigation (pages 611–625)

      E. PHILIP JONES, SCOTT P. MASON and ERIC ROSENFELD

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03649.x

    4. DISCUSSION (pages 625–627)

      LAWRENCE FISHER

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03650.x

    5. Estimation of Implicit Bankruptcy Costs (pages 629–642)

      ROBERT E. KALABA, TERENCE C. LANGETIEG, NIMA RASAKHOO and MARK I. WEINSTEIN

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03651.x

    6. DISCUSSION (pages 643–645)

      RICHARD RUBACK

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03652.x

  4. Session: Futures Markets

    1. Top of page
    2. Front Matter
    3. Session: Presidential Address
    4. Session: Valuation of Corporate Claims
    5. Session: Futures Markets
    6. Session: The Changing Effect of Inflation on Financial Returns
    7. Session: Issues in International Finances
    8. Session: Deregulation and Changes in the Financial Services Industry
    9. Session: Valuation Anomalies—Empiricals
    10. Session: Capital Structures
    11. Session: Selected Papers
    12. Session: Business Meeting and Reports American Finance Associations
    13. Association Meetings
    14. Announcements
    15. Author Index
    16. Style Instructions
    17. Back Matter
    1. Consumption Betas and Backwardation in Commodity Markets (pages 647–655)

      THOMAS B. HAZUKA

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03653.x

    2. Hedging Performance and Basis Risk in Stock Index Futures (pages 657–669)

      STEPHEN FIGLEWSKI

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03654.x

  5. Session: The Changing Effect of Inflation on Financial Returns

    1. Top of page
    2. Front Matter
    3. Session: Presidential Address
    4. Session: Valuation of Corporate Claims
    5. Session: Futures Markets
    6. Session: The Changing Effect of Inflation on Financial Returns
    7. Session: Issues in International Finances
    8. Session: Deregulation and Changes in the Financial Services Industry
    9. Session: Valuation Anomalies—Empiricals
    10. Session: Capital Structures
    11. Session: Selected Papers
    12. Session: Business Meeting and Reports American Finance Associations
    13. Association Meetings
    14. Announcements
    15. Author Index
    16. Style Instructions
    17. Back Matter
    1. THE BEHAVIOR OF U.S. SHORT-TERM INTEREST RATES SINCE OCTOBER 1979 (pages 671–682)

      RICHARD H. CLARIDA and BENJAMIN M. FRIEDMAN

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03655.x

    2. DISCUSSION (pages 682–683)

      ROGER CRAINE

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03656.x

    3. Expectations, Surprises and Treasury Bill Rates: 1960–82 (pages 685–696)

      PATRIC H. HENDERSHOTT

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03657.x

    4. DISCUSSION (pages 696–698)

      DONALD J. MULLINEAUX

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03658.x

    5. Inflation and Real Interest Rates on Assets with Different Risk Characteristics (pages 699–712)

      JOHN HUIZINGA and FREDERIC S. MISHKIN

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03659.x

    6. DISCUSSION (pages 712–714)

      WARD S. CURRAN

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03660.x

  6. Session: Issues in International Finances

    1. Top of page
    2. Front Matter
    3. Session: Presidential Address
    4. Session: Valuation of Corporate Claims
    5. Session: Futures Markets
    6. Session: The Changing Effect of Inflation on Financial Returns
    7. Session: Issues in International Finances
    8. Session: Deregulation and Changes in the Financial Services Industry
    9. Session: Valuation Anomalies—Empiricals
    10. Session: Capital Structures
    11. Session: Selected Papers
    12. Session: Business Meeting and Reports American Finance Associations
    13. Association Meetings
    14. Announcements
    15. Author Index
    16. Style Instructions
    17. Back Matter
    1. Purchasing Power Parity as a Trading Strategy (pages 715–724)

      JOHN F. O. BILSON

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03661.x

    2. DISCUSSION (pages 724–725)

      BRADFORD CORNELL

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03662.x

    3. International Corporate Diversification, Market Valuation, and Size–Adjusted Evidence (pages 727–743)

      VIHANG R. ERRUNZA and LEMMA W. SENBET

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03663.x

    4. DISCUSSION (pages 743–745)

      JAMES L. BICKSLER

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03664.x

    5. Term Premia on Euro Rates (pages 747–755)

      DENNIS E. LOGUE and RICHARD JAMES SWEENEY

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03665.x

    6. DISCUSSION (pages 755–757)

      RICHARD J. HERRING

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03666.x

  7. Session: Deregulation and Changes in the Financial Services Industry

    1. Top of page
    2. Front Matter
    3. Session: Presidential Address
    4. Session: Valuation of Corporate Claims
    5. Session: Futures Markets
    6. Session: The Changing Effect of Inflation on Financial Returns
    7. Session: Issues in International Finances
    8. Session: Deregulation and Changes in the Financial Services Industry
    9. Session: Valuation Anomalies—Empiricals
    10. Session: Capital Structures
    11. Session: Selected Papers
    12. Session: Business Meeting and Reports American Finance Associations
    13. Association Meetings
    14. Announcements
    15. Author Index
    16. Style Instructions
    17. Back Matter
    1. DISCUSSION (pages 772–773)

      DAVID S. KIDWELL

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03668.x

    2. Deposit Insurance in a Deregulated Environment (pages 775–785)

      TIM S. CAMPBELL and DAVID GLENN

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03669.x

    3. DISCUSSION (pages 785–787)

      PAUL M. HORVITZ

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03670.x

    4. Consequences of Deregulation for Commercial Banking (pages 789–803)

      GEORGE G. KAUFMAN, LARRY R. MOTE and HARVEY ROSENBLUM

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03671.x

    5. DISCUSSION (pages 803–805)

      ROBERT A. EISENBEIS

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03672.x

  8. Session: Valuation Anomalies—Empiricals

    1. Top of page
    2. Front Matter
    3. Session: Presidential Address
    4. Session: Valuation of Corporate Claims
    5. Session: Futures Markets
    6. Session: The Changing Effect of Inflation on Financial Returns
    7. Session: Issues in International Finances
    8. Session: Deregulation and Changes in the Financial Services Industry
    9. Session: Valuation Anomalies—Empiricals
    10. Session: Capital Structures
    11. Session: Selected Papers
    12. Session: Business Meeting and Reports American Finance Associations
    13. Association Meetings
    14. Announcements
    15. Author Index
    16. Style Instructions
    17. Back Matter
    1. Anomalies in Security Returns and the Specification of the Market Model (pages 807–815)

      STEPHEN J. BROWN and CHRISTOPHER B. BARRY

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03673.x

    2. DISCUSSION (pages 815–817)

      KENNETH R. FRENCH

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03674.x

    3. A Further Investigation of the Weekend Effect in Stock Returns (pages 819–835)

      DONALD B. KEIM and ROBERT F. STAMBAUGH

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03675.x

    4. DISCUSSION (pages 835–837)

      RICHARD J. ROGALSKI

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03676.x

    5. DISCUSSION: WHAT THE ANOMALIES MEAN (pages 837–840)

      MARC R. REINGANUM

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03677.x

  9. Session: Capital Structures

    1. Top of page
    2. Front Matter
    3. Session: Presidential Address
    4. Session: Valuation of Corporate Claims
    5. Session: Futures Markets
    6. Session: The Changing Effect of Inflation on Financial Returns
    7. Session: Issues in International Finances
    8. Session: Deregulation and Changes in the Financial Services Industry
    9. Session: Valuation Anomalies—Empiricals
    10. Session: Capital Structures
    11. Session: Selected Papers
    12. Session: Business Meeting and Reports American Finance Associations
    13. Association Meetings
    14. Announcements
    15. Author Index
    16. Style Instructions
    17. Back Matter
    1. How Big is the Tax Advantage to Debt? (pages 841–853)

      ALEX KANE, ALAN J. MARCUS and ROBERT L. McDONALD

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03678.x

    2. DISCUSSION (pages 853–855)

      RONALD W. MASULIS

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03679.x

    3. On the Existence of an Optimal Capital Structure: Theory and Evidence (pages 857–878)

      MICHAEL BRADLEY, GREGG A. JARRELL and E. HAN KIM

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03680.x

    4. DISCUSSION (pages 878–880)

      WAYNE H. MIKKELSON

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03681.x

  10. Session: Selected Papers

    1. Top of page
    2. Front Matter
    3. Session: Presidential Address
    4. Session: Valuation of Corporate Claims
    5. Session: Futures Markets
    6. Session: The Changing Effect of Inflation on Financial Returns
    7. Session: Issues in International Finances
    8. Session: Deregulation and Changes in the Financial Services Industry
    9. Session: Valuation Anomalies—Empiricals
    10. Session: Capital Structures
    11. Session: Selected Papers
    12. Session: Business Meeting and Reports American Finance Associations
    13. Association Meetings
    14. Announcements
    15. Author Index
    16. Style Instructions
    17. Back Matter
    1. Benefits of Bank Diversification: The Evidence from Shareholder Returns (pages 881–892)

      ROBERT A. EISENBEIS, ROBERT S. HARRIS and JOSEF LAKONISHOK

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03682.x

    2. DISCUSSION (pages 893–894)

      STEPHEN J. BROWN

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03683.x

    3. External Financing and Liquidity (pages 895–908)

      GUR HUBERMAN

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03684.x

    4. DISCUSSION (pages 908–910)

      ANDREW H. CHEN

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03685.x

    5. Non-Standard C.A.P.M.'s and the Market Portfolio (pages 911–924)

      EDWIN J. ELTON and MARTIN J. GRUBER

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03686.x

  11. Session: Business Meeting and Reports American Finance Associations

    1. Top of page
    2. Front Matter
    3. Session: Presidential Address
    4. Session: Valuation of Corporate Claims
    5. Session: Futures Markets
    6. Session: The Changing Effect of Inflation on Financial Returns
    7. Session: Issues in International Finances
    8. Session: Deregulation and Changes in the Financial Services Industry
    9. Session: Valuation Anomalies—Empiricals
    10. Session: Capital Structures
    11. Session: Selected Papers
    12. Session: Business Meeting and Reports American Finance Associations
    13. Association Meetings
    14. Announcements
    15. Author Index
    16. Style Instructions
    17. Back Matter
    1. Minutes of the Annual Membership Meeting December 29, 1983 (pages 925–926)

      Robert G. Hawkins

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03687.x

    2. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1983 (pages 927–929)

      Robert G. Hawkins

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03688.x

    3. Report of the Managing Editors of the Journal of Finance for 1983 (pages 931–935)

      EDWIN J. ELTON and MARTIN J. GRUBER

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03689.x

  12. Association Meetings

    1. Top of page
    2. Front Matter
    3. Session: Presidential Address
    4. Session: Valuation of Corporate Claims
    5. Session: Futures Markets
    6. Session: The Changing Effect of Inflation on Financial Returns
    7. Session: Issues in International Finances
    8. Session: Deregulation and Changes in the Financial Services Industry
    9. Session: Valuation Anomalies—Empiricals
    10. Session: Capital Structures
    11. Session: Selected Papers
    12. Session: Business Meeting and Reports American Finance Associations
    13. Association Meetings
    14. Announcements
    15. Author Index
    16. Style Instructions
    17. Back Matter
    1. ASSOCIATION MEETINGS (pages viii–ix)

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03691.x

  13. Announcements

    1. Top of page
    2. Front Matter
    3. Session: Presidential Address
    4. Session: Valuation of Corporate Claims
    5. Session: Futures Markets
    6. Session: The Changing Effect of Inflation on Financial Returns
    7. Session: Issues in International Finances
    8. Session: Deregulation and Changes in the Financial Services Industry
    9. Session: Valuation Anomalies—Empiricals
    10. Session: Capital Structures
    11. Session: Selected Papers
    12. Session: Business Meeting and Reports American Finance Associations
    13. Association Meetings
    14. Announcements
    15. Author Index
    16. Style Instructions
    17. Back Matter
    1. ANNOUNCEMENTS (page x)

      Article first published online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1984.tb03692.x

  14. Author Index

    1. Top of page
    2. Front Matter
    3. Session: Presidential Address
    4. Session: Valuation of Corporate Claims
    5. Session: Futures Markets
    6. Session: The Changing Effect of Inflation on Financial Returns
    7. Session: Issues in International Finances
    8. Session: Deregulation and Changes in the Financial Services Industry
    9. Session: Valuation Anomalies—Empiricals
    10. Session: Capital Structures
    11. Session: Selected Papers
    12. Session: Business Meeting and Reports American Finance Associations
    13. Association Meetings
    14. Announcements
    15. Author Index
    16. Style Instructions
    17. Back Matter
    1. AUTHOR INDEX (page xi)

      Article first published online: 10 FEB 2016 | DOI: 10.1111/j.1540-6261.1984.tb00832.x

  15. Style Instructions

    1. Top of page
    2. Front Matter
    3. Session: Presidential Address
    4. Session: Valuation of Corporate Claims
    5. Session: Futures Markets
    6. Session: The Changing Effect of Inflation on Financial Returns
    7. Session: Issues in International Finances
    8. Session: Deregulation and Changes in the Financial Services Industry
    9. Session: Valuation Anomalies—Empiricals
    10. Session: Capital Structures
    11. Session: Selected Papers
    12. Session: Business Meeting and Reports American Finance Associations
    13. Association Meetings
    14. Announcements
    15. Author Index
    16. Style Instructions
    17. Back Matter
    1. STYLE INSTRUCTIONS (page xii)

      Article first published online: 10 FEB 2016 | DOI: 10.1111/j.1540-6261.1984.tb00833.x

  16. Back Matter

    1. Top of page
    2. Front Matter
    3. Session: Presidential Address
    4. Session: Valuation of Corporate Claims
    5. Session: Futures Markets
    6. Session: The Changing Effect of Inflation on Financial Returns
    7. Session: Issues in International Finances
    8. Session: Deregulation and Changes in the Financial Services Industry
    9. Session: Valuation Anomalies—Empiricals
    10. Session: Capital Structures
    11. Session: Selected Papers
    12. Session: Business Meeting and Reports American Finance Associations
    13. Association Meetings
    14. Announcements
    15. Author Index
    16. Style Instructions
    17. Back Matter
    1. Back Matter (page xiii)

      Article first published online: 10 FEB 2016 | DOI: 10.1111/j.1540-6261.1984.tb00834.x

SEARCH

SEARCH BY CITATION