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: 148. Page: 7
Go to:
<<Previous 1 2 3 4 5 6 7 8 Next>>
SURREY'S PATHWAYS TO TAX REFORM*—A REVIEW ARTICLE
Published: 12/01/1975 | DOI: 10.1111/j.1540-6261.1975.tb01059.x
Carl S. Shoup
Taxation of Interest Income, Deregulation and the Banking Industry
Published: 12/01/1983 | DOI: 10.1111/j.1540-6261.1983.tb03839.x
CARL E. WALSH
Removing interest rate ceilings on bank deposits or reducing the tax rate applicable to the interest earned on such deposits are alternative means of increasing the after‐tax return to depositors. These alternatives, however, have differing impacts on the structure of a competitive banking industry. This paper develops a model which focuses on a bank's choice between paying an explicit interest rate on its deposits and paying a return in the form of services. The model allows banks to differ in their production technologies and depositors in their marginal tax rates and preferences for services. The effects of tax rate changes and a ceiling on the explicit deposit interest rate are analyzed.
DISCUSSION
Published: 05/01/1981 | DOI: 10.1111/j.1540-6261.1981.tb00474.x
CARL M. GAMBS
INVESTMENT DEVELOPMENT COMPANIES
Published: 09/01/1951 | DOI: 10.1111/j.1540-6261.1951.tb04468.x
Carl A. Dauten, Merle T. Welshans
The Performance of Hedge Funds: Risk, Return, and Incentives
Published: 12/17/2002 | DOI: 10.1111/0022-1082.00129
Carl Ackermann, Richard McEnally, David Ravenscraft
Hedge funds display several interesting characteristics that may influence performance, including: flexible investment strategies, strong managerial incentives, substantial managerial investment, sophisticated investors, and limited government oversight. Using a large sample of hedge fund data from 1988–1995, we find that hedge funds consistently outperform mutual funds, but not standard market indices. Hedge funds, however, are more volatile than both mutual funds and market indices. Incentive fees explain some of the higher performance, but not the increased total risk. The impact of six data‐conditioning biases is explored. We find evidence that positive and negative survival‐related biases offset each other.
DISCUSSION
Published: 05/01/1961 | DOI: 10.1111/j.1540-6261.1961.tb02820.x
Carl H. Madden, John A. Cochran
DISCUSSION
Published: 05/01/1964 | DOI: 10.1111/j.1540-6261.1964.tb00769.x
Carl F. Christ, Donald D. Hester
Contributing Authors and Institutions to the Journal of Finance: 1946–1985
Published: 12/01/1986 | DOI: 10.1111/j.1540-6261.1986.tb02535.x
J. LOUIS HECK, PHILIP L. COOLEY, CARL M. HUBBARD
Publication of the December 1985 issue of the Journal of Finance completed the Journal's first 40 years of contributions to the profession. This study identifies and summarizes the contributing authors, where they earned their doctoral degrees, and their employers at the time of publication. The authors, degree‐granting institutions, and employers appearing most frequently in the Journal are ordered for the entire 40‐year period and for various subperiods. Where possible, the present findings are compared with those of previously published studies.