The Journal of Finance publishes leading research across all the major fields of finance. It is one of the most widely cited journals in academic finance, and in all of economics. Each of the six issues per year reaches over 8,000 academics, finance professionals, libraries, and government and financial institutions around the world. The journal is the official publication of The American Finance Association, the premier academic organization devoted to the study and promotion of knowledge about financial economics.
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Do Private Firms Invest Differently than Public Firms? Taking Cues from the Natural Gas Industry
Published: 7/13/2016, Volume: 71, Issue: 4 | DOI: 10.1111/jofi.12417 | Cited by: 145
ERIK P. GILJE, JEROME P. TAILLARD
We study how listing status affects investment behavior. Theory offers competing hypotheses on how listing‐related frictions affect investment decisions. We use detailed data on 74,670 individual projects in the U.S. natural gas industry to show that private firms respond less than public firms to changes in investment opportunities. Private firms adjust drilling activity for low capital‐intensity investments. However, they do not increase drilling in response to new capital‐intensive growth opportunities. Instead, they sell these projects to public firms. Our evidence suggests that differences in access to external capital are important in explaining the investment behavior of public and private firms.
AN INTEGRATED INTERTEMPORAL LINEAR PROGRAMMING MODEL UNDER RISK FOR SHORT‐TERM FINANCIAL PLANNING*
Published: 12/1972, Volume: 27, Issue: 5 | DOI: 10.1111/j.1540-6261.1972.tb03039.x | Cited by: 0
Jerome S. Osteryoung
DYNAMIC OPTION MODELS: IDENTIFICATION, ESTIMATION, AND INTERPRETATION OF SPECULATIVE MARKET INTERRELATIONSHIPS*
Published: 3/1975, Volume: 30, Issue: 1 | DOI: 10.1111/j.1540-6261.1975.tb03181.x | Cited by: 0
Richard Jerome Rogalski
ON THE ASSESSMENT OF RISK: SOME FURTHER CONSIDERATIONS
Published: 12/1974, Volume: 29, Issue: 5 | DOI: 10.1111/j.1540-6261.1974.tb03130.x | Cited by: 37
Jerome B. Baesel
ILLIQUIDITY AND THE LIMITS TO INTEREST ARBITRAGE: REPLY
Published: 9/1968, Volume: 23, Issue: 4 | DOI: 10.1111/j.1540-6261.1968.tb00850.x | Cited by: 0
Jerome L. Stein
THE HISTORY AND THEORY OF AUTOMOBILE LIABILITY INSURANCE RATING*
Published: 12/1957, Volume: 12, Issue: 4 | DOI: 10.1111/j.1540-6261.1957.tb04165.x | Cited by: 0
H. Jerome Zoffer
FISCAL POLICY IN JAPAN
Published: 3/1950, Volume: 5, Issue: 1 | DOI: 10.1111/j.1540-6261.1950.tb02474.x | Cited by: 0
Jerome B. Cohen
The Default Premium and Corporate Bond Experience
Published: 3/1987, Volume: 42, Issue: 1 | DOI: 10.1111/j.1540-6261.1987.tb02551.x | Cited by: 59
JEROME S. FONS
The development of organized markets for speculative‐grade corporate debt has provided financial researchers with an opportunity to examine the pricing of default risk. By incorporating previous work on the default experience of low‐rated corporate debt, this paper presents an introduction to risk‐neutral models of risky‐bond pricing and uses these to examine the relationship between the default premium embodied in bond yields and actual default rates. The contribution of macroeconomic information to the default premium is also examined. The author finds that holders of low‐grade bonds have, on average, been compensated for losses due to default.
CAPITAL BUDGETING UNDER UNCERTAINTY: A REFORMULATION
Published: 3/1973, Volume: 28, Issue: 1 | DOI: 10.1111/j.1540-6261.1973.tb01350.x | Cited by: 42
Harold Bierman, Jerome E. Hass
REPLY
Published: 12/1974, Volume: 29, Issue: 5 | DOI: 10.1111/j.1540-6261.1974.tb03142.x | Cited by: 2
Harold Bierman, Jerome E. Hass
Econometric Models and Current Interest Rates: How Well Do They Predict Future Rates?
Published: 9/1979, Volume: 34, Issue: 4 | DOI: 10.1111/j.1540-6261.1979.tb03450.x | Cited by: 14
J. WALTER ELLIOTT, JEROME R. BAIER
THE VALUATION OF OPTION CONTRACTS AND A TEST OF MARKET EFFICIENCY
Published: 5/1972, Volume: 27, Issue: 2 | DOI: 10.1111/j.1540-6261.1972.tb00969.x | Cited by: 46
Jerome B. Cohen, Fischer Black, Myron Scholes
The Cost of Liquidity Services in Listed Options: A Note
Published: 6/1983, Volume: 38, Issue: 3 | DOI: 10.1111/j.1540-6261.1983.tb02513.x | Cited by: 8
JEROME B. BAESEL, GEORGE SHOWS, EDWARD THORP