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.
AFA members can log in to view full-text articles below.
View past issues
Search the Journal of Finance:
Search results: 12.
Derivation of the Capital Asset Pricing Model without Normality or Quadratic Preference: A Note
Published: 12/1985, Volume: 40, Issue: 5 | DOI: 10.1111/j.1540-6261.1985.tb02398.x | Cited by: 12
YOUNG K. KWON
Derivation of the capital asset pricing model requires various assumptions including normality or quadratic preference. The objective of this note is to show that the normality or quadratic preference assumption can be replaced by the fair game condition that assets' residual returns have zero mean conditional upon the return of the market portfolio.
DEMAND FOR GOVERNMENT SECURITIES*
Published: 12/1969, Volume: 24, Issue: 5 | DOI: 10.1111/j.1540-6261.1969.tb01711.x | Cited by: 0
Jene K. Kwon
A PORTFOLIO APPROACH TO CORPORATE DEMANDS FOR GOVERNMENT SECURITIES*
Published: 12/1969, Volume: 24, Issue: 5 | DOI: 10.1111/j.1540-6261.1969.tb01702.x | Cited by: 2
James R. Jeffers, Jene Kwon
AN EVALUATION OF THE COMPETITIVE EFFECT OF FHLB OPEN MARKET OPERATIONS ON SAVINGS INFLOWS AT SAVINGS AND LOAN ASSOCIATIONS
Published: 6/1971, Volume: 26, Issue: 3 | DOI: 10.1111/j.1540-6261.1971.tb01723.x | Cited by: 8
Jene K. Kwon, Richard M. Thornton
REPLY
Published: 3/1973, Volume: 28, Issue: 1 | DOI: 10.1111/j.1540-6261.1973.tb01363.x | Cited by: 0
Jene K. Kwon, Richard M. Thornton
LINEAR PROGRAMMING AND SHORT‐TERM FINANCIAL PLANNING*
Published: 9/1969, Volume: 24, Issue: 4 | DOI: 10.1111/j.1540-6261.1969.tb00406.x | Cited by: 0
Charles W. Young
THE EFFECT OF DEPOSIT RATE CEILINGS ON AGGREGATE INCOME
Published: 12/1972, Volume: 27, Issue: 5 | DOI: 10.1111/j.1540-6261.1972.tb03020.x | Cited by: 1
Gordon Pye, Ian Young
Debt, Taxes and Leasing A Note
Published: 12/1980, Volume: 35, Issue: 5 | DOI: 10.1111/j.1540-6261.1980.tb02207.x | Cited by: 14
R. A. BREALEY, C. M. YOUNG
This paper discusses the implications of Miller's paper “Debt and Taxes” for the valuation of leases. It shows that if Miller's equilibrium holds, leasing is only likely to dominate debt and equity for companies in temporary nontaxpaying positions.
MEASURING THE IMPACT OF CONSUMER CREDIT CONTROLS ON SPENDING*
Published: 5/1952, Volume: 7, Issue: 2 | DOI: 10.1111/j.1540-6261.1952.tb01543.x | Cited by: 0
Clarke L. Fauver, Ralph A. Young
TEST OF PORTFOLIO BUILDING RULES
Published: 9/1969, Volume: 24, Issue: 4 | DOI: 10.1111/j.1540-6261.1969.tb00385.x | Cited by: 25
Henry A. Latané, William E. Young
A REPLY
Published: 9/1971, Volume: 26, Issue: 4 | DOI: 10.1111/j.1540-6261.1971.tb00937.x | Cited by: 0
Henry A. Latané, Willam E. Young
Earnings and Dividend Announcements: Is There a Corroboration Effect?
Published: 9/1984, Volume: 39, Issue: 4 | DOI: 10.1111/j.1540-6261.1984.tb03894.x | Cited by: 141
ALEX KANE, YOUNG KI LEE, ALAN MARCUS
We examine abnormal stock returns surrounding contemporaneous earnings and dividend announcements in order to determine whether investors evaluate the two announcements in relation to each other. We find that there is a statistically significant interaction effect. The abnormal return corresponding to any earnings or dividend announcement depends upon the value of the other announcement. This evidence suggests the existence of a corroborative relationship between the two announcements. Investors give more credence to unanticipated dividend increases or decreases when earnings are also above or below expectations, and vice versa.