The Journal of Finance

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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Publish or Perish: What the Competition is Really Doing

Published: 3/1992,  Volume: 47,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1992.tb03987.x  |  Cited by: 63

TERRY L. ZIVNEY, WILLIAM J. BERTIN

This study provides comprehensive publications performance data over a 25‐year period for finance doctorates. These data indicate that publishing one article per year in any finance journal (or finance, accounting, economics, or business journal) over any prolonged period of time is a truly remarkable feat, met by only 5% of the graduates. Tenure screens combining various quantity and quality requirements are examined to assess their ability to predict future publication productivity. Faculty and administrators seeking defensible benchmarks for evaluating faculty research productivity in finance will find that these data and results are particularly useful.


INTEREST RATES, PORTFOLIO BEHAVIOR, AND MARKETABLE GOVERNMENT SECURITIES

Published: 3/1972,  Volume: 27,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1972.tb00616.x  |  Cited by: 4

William T. Terrell, William J. Frazer


Interest Rates, Uncertainty and the Livingston Data

Published: 6/1981,  Volume: 36,  Issue: 3  |  DOI: 10.1111/j.1540-6261.1981.tb00651.x  |  Cited by: 30

WILLIAM A. BOMBERGER, WILLIAM J. FRAZER

The observed relationship between the standard deviation of forecasts and past forecast errors as found in the Livingston survey suggests the interpretation of the standard deviation as a measure of inflation uncertainty. The mean and the standard deviation for the inflation rate forecast found in the Livingston survey, furthermore, are used as regressors in a reduced‐form interest rate equation. The results indicate a large negative effect of such uncertainty on interest rates. The inclusion of the uncertainty measure and commonly omitted lagged values of all variables in our analysis of data leads to more theoretically plausible estimated effects of money growth and expected inflation on interest rates than do standard estimates.


COUNTERSPECULATION, AUCTIONS, AND COMPETITIVE SEALED TENDERS

Published: 3/1961,  Volume: 16,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1961.tb02789.x  |  Cited by: 4998

William Vickrey


COMMERCIAL BANK REGULATION, STRUCTURE, AND PERFORMANCE*

Published: 6/1975,  Volume: 30,  Issue: 3  |  DOI: 10.1111/j.1540-6261.1975.tb01872.x  |  Cited by: 0

William Jackson


THE VALUE OF AN OPTION TO EXCHANGE ONE ASSET FOR ANOTHER

Published: 3/1978,  Volume: 33,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1978.tb03397.x  |  Cited by: 1158

William Margrabe


THE STATUS AND PROSPECTS OF VARIABLE ANNUITIES*

Published: 5/1962,  Volume: 17,  Issue: 2  |  DOI: 10.1111/j.1540-6261.1962.tb04268.x  |  Cited by: 0

William Freund


THE RELATIONSHIP OF MONETARY DECELERATIONS TO BUSINESS CYCLE PEAKS: ANOTHER LOOK AT THE EVIDENCE

Published: 6/1975,  Volume: 30,  Issue: 3  |  DOI: 10.1111/j.1540-6261.1975.tb01844.x  |  Cited by: 1

William Poole


Burnsian Monetary Policy: Eight Years of Progress?

Published: 5/1979,  Volume: 34,  Issue: 2  |  DOI: 10.1111/j.1540-6261.1979.tb02111.x  |  Cited by: 6

WILLIAM POOLE


Safety Transformation and the Structure of the Financial System

Published: 8/10/2020,  Volume: 75,  Issue: 6  |  DOI: 10.1111/jofi.12967  |  Cited by: 47

WILLIAM DIAMOND

This paper studies how a financial system that is organized to efficiently create safe assets responds to macroeconomic shocks. Financial intermediaries face a cost of bearing risk, so they choose the least risky portfolio that backs their issuance of riskless deposits: a diversified pool of nonfinancial firms' debt. Nonfinancial firms choose their capital structure to exploit the resulting segmentation between debt and equity markets. Increased safe asset demand yields larger and riskier intermediaries and more levered firms. Quantitative easing reduces the size and riskiness of intermediaries and can decrease firm leverage, despite reducing borrowing costs at the zero lower bound.


COMMERCIAL BANK RESERVE MANAGEMENT IN A STOCHASTIC MODEL: IMPLICATIONS FOR MONETARY POLICY

Published: 12/1968,  Volume: 23,  Issue: 5  |  DOI: 10.1111/j.1540-6261.1968.tb00316.x  |  Cited by: 181

William Poole


THE THEORETICAL VALUE OF A STOCK RIGHT: A COMMENT

Published: 9/1956,  Volume: 11,  Issue: 3  |  DOI: 10.1111/j.1540-6261.1956.tb00112.x  |  Cited by: 0

William Beranek


DISCUSSION

Published: 5/1980,  Volume: 35,  Issue: 2  |  DOI: 10.1111/j.1540-6261.1980.tb02168.x  |  Cited by: 0

William Marshall


MONETARY AND DEBT‐MANAGEMENT POLICIES, 1953–55*

Published: 3/1959,  Volume: 14,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1959.tb00499.x  |  Cited by: 0

William Pigott


Tests of Two Models for Valuing Call Options on Stocks with Dividends

Published: 12/1982,  Volume: 37,  Issue: 5  |  DOI: 10.1111/j.1540-6261.1982.tb03614.x  |  Cited by: 18

WILLIAM STERK

Roll has recently formulated an option pricing model which allows dividend payments on the underlying stock. This paper compares the performance of the exact Roll model with a modified, but inexact, Black‐Scholes model. The results indicate that the Roll model prices are significantly closer to actual market prices.


AN APPRAISAL OF THE OHIO AXLE‐MILE TRUCK TAX*

Published: 3/1958,  Volume: 13,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1958.tb04183.x  |  Cited by: 0

William Joseph Weiskopf


A GENERAL CLASS OF THREE‐PARAMETER RISK MEASURES: COMMENT

Published: 3/1975,  Volume: 30,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1975.tb03176.x  |  Cited by: 1

William H. Jean


Books Recieved

Published: 9/1958,  Volume: 13,  Issue: 3  |  DOI: 10.1111/j.1540-6261.1958.tb04214.x  |  Cited by: 1

Clyde William Phelps


MONETARY POLICY EFFECTIVENESS: THE CASE OF A POSITIVELY SLOPED I S CURVE

Published: 12/1971,  Volume: 26,  Issue: 5  |  DOI: 10.1111/j.1540-6261.1971.tb01749.x  |  Cited by: 7

William L. Silber


BOOKS RECEIVED

Published: 12/1960,  Volume: 15,  Issue: 4  |  DOI: 10.1111/j.1540-6261.1960.tb02785.x  |  Cited by: 0

Clyde William Phelps


BOOKS RECEIVED

Published: 9/1959,  Volume: 14,  Issue: 3  |  DOI: 10.1111/j.1540-6261.1959.tb00136.x  |  Cited by: 0

Clyde William Phelps


LARGE MANUFACTURING CORPORATIONS AS SUPPLIERS OF FUNDS TO THE UNITED STATES GOVERNMENT SECURITIES MARKET

Published: 12/1958,  Volume: 13,  Issue: 4  |  DOI: 10.1111/j.1540-6261.1958.tb04218.x  |  Cited by: 6

William J. Frazer


CAPITALIZATION OF THE PROPERTY TAX: AN EMPIRICAL STUDY*

Published: 9/1971,  Volume: 26,  Issue: 4  |  DOI: 10.1111/j.1540-6261.1971.tb00939.x  |  Cited by: 0

William B. Conway


DEPRECIATION AND THE 1954 INTERNAL REVENUE CODE

Published: 9/1955,  Volume: 10,  Issue: 3  |  DOI: 10.1111/j.1540-6261.1955.tb01279.x  |  Cited by: 1

William F. Hellmuth


THE SECULAR TREND OF INCOME VELOCITY IN JAPAN, 1879–1940*

Published: 9/1963,  Volume: 18,  Issue: 3  |  DOI: 10.1111/j.1540-6261.1963.tb02860.x  |  Cited by: 0

William C. Hoekendorf


ANALYSIS AND ADMINISTRATION OF CONVENIENCE‐AND‐ADVANTAGE LICENSING IN THE SMALL‐LOAN INDUSTRY*

Published: 6/1971,  Volume: 26,  Issue: 3  |  DOI: 10.1111/j.1540-6261.1971.tb01742.x  |  Cited by: 1

William Lee Sartoris


Capital Asset Prices with and without Negative Holdings

Published: 6/1991,  Volume: 46,  Issue: 2  |  DOI: 10.1111/j.1540-6261.1991.tb02671.x  |  Cited by: 153

WILLIAM F. SHARPE


BOOKS RECEIVED

Published: 12/1955,  Volume: 10,  Issue: 4  |  DOI: 10.1111/j.1540-6261.1955.tb01309.x  |  Cited by: 1

Clyde William Phelps


BOOKS RECEIVED

Published: 3/1956,  Volume: 11,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1956.tb00695.x  |  Cited by: 1

Clyde William Phelps


MONETARY CONTROL AND THE DISTRIBUTION OF MONEY*

Published: 9/1964,  Volume: 19,  Issue: 3  |  DOI: 10.1111/j.1540-6261.1964.tb02876.x  |  Cited by: 0

William G. Dewald


BOOKS RECEIVED

Published: 3/1955,  Volume: 10,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1955.tb01573.x  |  Cited by: 0

Clyde William Phelps


CRITICAL EVALUATION OF PENSION PLANS

Published: 5/1968,  Volume: 23,  Issue: 2  |  DOI: 10.1111/j.1540-6261.1968.tb00809.x  |  Cited by: 0

William T. Gibb


A MICRO‐ECONOMETRIC INVESTIGATION OF MULTI‐OBJECTIVE FIRMS

Published: 9/1977,  Volume: 32,  Issue: 4  |  DOI: 10.1111/j.1540-6261.1977.tb03322.x  |  Cited by: 4

William L. Beedles


JUNIOR MORTGAGES IN REAL ESTATE FINANCE A CASE STUDY

Published: 3/1956,  Volume: 11,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1956.tb00685.x  |  Cited by: 2

William N. Kinnard


LIFE REINSURANCE POOLS

Published: 3/1956,  Volume: 11,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1956.tb00686.x  |  Cited by: 1

William M. Howard


The Issue Decision of Manager‐Owners under Information Asymmetry

Published: 12/1987,  Volume: 42,  Issue: 5  |  DOI: 10.1111/j.1540-6261.1987.tb04364.x  |  Cited by: 10

WILLIAM D. BRADFORD

A firm must issue common stock in order to undertake a new investment, and the firm's manager‐owners can value the firm more accurately than the market. The ability of the manager‐owners to trade in the firm's shares during the issue (a) reduces the investments that are foregone because of the market's mispricing the firm's shares, (b) changes the size and direction of the stock price change when the firm announces a new stock issue, and (c) changes the market value of the firm before and after the issue announcement, whether or not it decides to issue.


BOOKS RECEIVED

Published: 9/1955,  Volume: 10,  Issue: 3  |  DOI: 10.1111/j.1540-6261.1955.tb01294.x  |  Cited by: 0

Clyde William Phelps


PRICE‐EXPECTATIONS EFFECTS ON INTEREST RATES

Published: 3/1970,  Volume: 25,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1970.tb00410.x  |  Cited by: 42

William E. Gibson


MONETARY CHANNELS AND THE RELATIVE IMPORTANCE OF MONEY SUPPLY AND BANK PORTFOLIOS

Published: 3/1969,  Volume: 24,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1969.tb00344.x  |  Cited by: 2

William L. Silber


REVIEW OF INSTITUTIONAL ACTIVITY IN THE EQUITY MARKET, 1951–54

Published: 12/1957,  Volume: 12,  Issue: 4  |  DOI: 10.1111/j.1540-6261.1957.tb04160.x  |  Cited by: 1

William B. Neenan


DISCUSSION

Published: 5/1970,  Volume: 25,  Issue: 2  |  DOI: 10.1111/j.1540-6261.1970.tb00519.x  |  Cited by: 4

William F. Sharpe


TAX LAW, LOCK‐INS, AND BANK PORTFOLIO CHOICE*

Published: 12/1965,  Volume: 20,  Issue: 4  |  DOI: 10.1111/j.1540-6261.1965.tb02935.x  |  Cited by: 0

William F. Beazer


COMPETITION FOR DEPOSITS BETWEEN BANK AND NONBANK FINANCIAL INTERMEDIARIES*

Published: 12/1967,  Volume: 22,  Issue: 4  |  DOI: 10.1111/j.1540-6261.1967.tb00312.x  |  Cited by: 0

William S. Townsend


REPLY

Published: 12/1973,  Volume: 28,  Issue: 5  |  DOI: 10.1111/j.1540-6261.1973.tb01467.x  |  Cited by: 0

William L. Silber


THE FEDERAL RESERVE SYSTEM';S “BILLS ONLY” POLICY*

Published: 3/1964,  Volume: 19,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1964.tb00757.x  |  Cited by: 0

William Eli Whitesell


CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*

Published: 9/1964,  Volume: 19,  Issue: 3  |  DOI: 10.1111/j.1540-6261.1964.tb02865.x  |  Cited by: 4061

William F. Sharpe


BOOKS RECEIVED

Published: 12/1952,  Volume: 7,  Issue: 4  |  DOI: 10.1111/j.1540-6261.1952.tb02494.x  |  Cited by: 0

Clyde William Phelps


BOOKS RECEIVED

Published: 5/1954,  Volume: 9,  Issue: 2  |  DOI: 10.1111/j.1540-6261.1954.tb01227.x  |  Cited by: 0

Clyde William Phelps


BOOKS RECEIVED

Published: 3/1953,  Volume: 8,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1953.tb01146.x  |  Cited by: 0

Clyde William Phelps


OPTIMAL CONSUMPTION AND PORTFOLIO POLICIES*

Published: 3/1974,  Volume: 29,  Issue: 1  |  DOI: 10.1111/j.1540-6261.1974.tb00051.x  |  Cited by: 0

William F. Rentz