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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INTERACTIONS OF CORPORATE FINANCING AND INVESTMENT DECISIONS—IMPLICATIONS FOR CAPITAL BUDGETING: COMMENT
Published: 3/1977, Volume: 32, Issue: 1 | DOI: 10.1111/j.1540-6261.1977.tb03258.x | Cited by: 6
Sasson Bar‐Yosef
ON SOME DEFINITIONAL PROBLEMS WITH THE METHOD OF CERTAINTY EQUIVALENTS
Published: 12/1977, Volume: 32, Issue: 5 | DOI: 10.1111/j.1540-6261.1977.tb03366.x | Cited by: 6
Sasson Bar‐Yosef, Roger Mesznik
A REEXAMINATION OF STOCK SPLITS USING MOVING BETAS
Published: 9/1977, Volume: 32, Issue: 4 | DOI: 10.1111/j.1540-6261.1977.tb03310.x | Cited by: 45
Sasson Bar‐Yosef, Lawrence D. Brown
Autoregressive Modeling of Earnings‐Investment Causality
Published: 3/1987, Volume: 42, Issue: 1 | DOI: 10.1111/j.1540-6261.1987.tb02547.x | Cited by: 26
SASSON BAR‐YOSEF, JEFFREY L. CALLEN, JOSHUA LIVNAT
The purpose of this paper is to empirically test the relationships between corporate earnings and investment. In particular, the study investigates whether knowledge of past investments improves the prediction of future earnings beyond predictions that are based on past earnings alone. Similarly, it investigates whether knowledge of past earnings improves the prediction of future investments beyond knowledge of past investments alone. This is the empirical definition of Granger causality. The empirical results show that the bivariate past series of earnings and investments is superior to the univariate series in predicting future investments but not in predicting future earnings.
Dividend Surprises Inferred from Option and Stock Prices
Published: 9/1992, Volume: 47, Issue: 4 | DOI: 10.1111/j.1540-6261.1992.tb04675.x | Cited by: 7
SASSON BAE‐YOSEF, ODED H. SARIG
This paper introduces a new method to measure the unexpected component of dividend announcements. While measures used previously were based on various arbitrary models of dividend expectations, our suggested method compares the reaction of stock and option prices to dividend announcements. Our measure is compared to commonly used model‐based measures, to a Box‐Jenkins time‐series‐based measure, and to a Value‐Line Investor Survey‐based measure of dividend surprises. The new measure is more highly correlated with the market's reaction to the announcements than are alternative measures of dividend surprises. The new measure is also shown to be insensitive to the extent to which the options used to identify unexpected dividend announcements are in‐ or out‐of‐the‐money.
A PORTFOLIO APPROACH TO FOSSIL FUEL PROCUREMENT IN THE ELECTRIC UTILITY INDUSTRY
Published: 6/1976, Volume: 31, Issue: 3 | DOI: 10.1111/j.1540-6261.1976.tb01935.x | Cited by: 103
Dan Bar‐Lev, Steven Katz