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Volume 41: Issue 4 (September 1986)


Sample‐Dependent Results Using Accounting and Market Data: Some Evidence

Pages: 779-793  |  Published: 9/1986  |  DOI: 10.1111/j.1540-6261.1986.tb04548.x  |  Cited by: 137

ROLF W. BANZ, WILLIAM J. BREEN


The Impact of Preferred‐for‐Common Exchange Offers on Firm Value

Pages: 795-814  |  Published: 9/1986  |  DOI: 10.1111/j.1540-6261.1986.tb04549.x  |  Cited by: 22

J. MICHAEL PINEGAR, RONALD C. LEASE


Price and Volume Effects Associated with Changes in the S&P 500 List: New Evidence for the Existence of Price Pressures

Pages: 815-829  |  Published: 9/1986  |  DOI: 10.1111/j.1540-6261.1986.tb04550.x  |  Cited by: 513

LAWRENCE HARRIS, EITAN GUREL


Asset Price Volatility, Bubbles, and Process Switching

Pages: 831-842  |  Published: 9/1986  |  DOI: 10.1111/j.1540-6261.1986.tb04551.x  |  Cited by: 53

ROBERT P. FLOOD, ROBERT J. HODRICK


The Pricing of Futures and Options Contracts on the Value Line Index

Pages: 843-855  |  Published: 9/1986  |  DOI: 10.1111/j.1540-6261.1986.tb04552.x  |  Cited by: 14

T. HANAN EYTAN, GIORA HARPAZ


Futures Options and the Volatility of Futures Prices

Pages: 857-870  |  Published: 9/1986  |  DOI: 10.1111/j.1540-6261.1986.tb04553.x  |  Cited by: 23

CLIFFORD A. BALL, WALTER N. TOROUS


Pricing Risk‐Adjusted Deposit Insurance: An Option‐Based Model

Pages: 871-895  |  Published: 9/1986  |  DOI: 10.1111/j.1540-6261.1986.tb04554.x  |  Cited by: 379

EHUD I. RONN, AVINASH K. VERMA


A Model of International Asset Pricing with a Constraint on the Foreign Equity Ownership

Pages: 897-914  |  Published: 9/1986  |  DOI: 10.1111/j.1540-6261.1986.tb04555.x  |  Cited by: 149

CHEOL S. EUN, S. JANAKIRAMANAN


The Relationship between Arbitrage and First Order Stochastic Dominance

Pages: 915-921  |  Published: 9/1986  |  DOI: 10.1111/j.1540-6261.1986.tb04556.x  |  Cited by: 50

ROBERT JARROW

This paper joins together two fields of research in financial economics. The first field studies stochastic dominance, while the second field studies arbitrage pricing. The two fields are linked together through the derivation and the proof of a characterization theorem. The characterization theorem gives necessary and sufficient conditions for the existence of arbitrage opportunities in terms of the existence of two assets, one of which first order stochastically dominates the other and the price of a particular contingent claim. Examples are provided to demonstrate the theorem's content.


The Duration of an Adjustable‐Rate Mortgage and the Impact of the Index

Pages: 923-933  |  Published: 9/1986  |  DOI: 10.1111/j.1540-6261.1986.tb04557.x  |  Cited by: 11

ROBERT A. OTT


Callable Bonds: A Risk‐Reducing Signalling Mechanism

Pages: 935-949  |  Published: 9/1986  |  DOI: 10.1111/j.1540-6261.1986.tb04558.x  |  Cited by: 38

EDWARD HENRY ROBBINS, JOHN D. SCHATZBERG


Volume for Winners and Losers: Taxation and Other Motives for Stock Trading

Pages: 951-974  |  Published: 9/1986  |  DOI: 10.1111/j.1540-6261.1986.tb04559.x  |  Cited by: 143

JOSEF LAKONISHOK, SEYMOUR SMIDT


A Note on the Local Expectations Hypothesis: A Discrete‐Time Exposition

Pages: 975-979  |  Published: 9/1986  |  DOI: 10.1111/j.1540-6261.1986.tb04560.x  |  Cited by: 9

CHRISTIAN GILLES, STEPHEN F. LEROY


A Note on Unanticipated Money Growth and Interest Rate Surprises: Mishkin and Makin Revisited

Pages: 981-985  |  Published: 9/1986  |  DOI: 10.1111/j.1540-6261.1986.tb04561.x  |  Cited by: 2

KEVIN B. GRIER


ERRATUM

Pages: 987-987  |  Published: 9/1986  |  DOI: 10.1111/j.1540-6261.1986.tb04562.x  |  Cited by: 0


Book Reviews

Pages: 989-994  |  Published: 9/1986  |  DOI: 10.1111/j.1540-6261.1986.tb04563.x  |  Cited by: 0


MISCELLANEA

Pages: 995-995  |  Published: 9/1986  |  DOI: 10.1111/j.1540-6261.1986.tb04564.x  |  Cited by: 0