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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THE INVESTMENT PERFORMANCE OF STOCK PROPERTY‐LIABILITY INSURANCE COMPANIES: 1948–1967*

Published: 03/01/1972   |   DOI: 10.1111/j.1540-6261.1972.tb00637.x

Gary G. Schlarbaum


The Turn‐of‐the‐Year in Canada

Published: 03/01/1984   |   DOI: 10.1111/j.1540-6261.1984.tb03867.x

ANGEL BERGES, JOHN J. McCONNELL, GARY G. SCHLARBAUM

A number of investigators have reported that January stock returns in the U.S. exceed returns for other months of the year. This paper documents a similar finding for Canadian stocks over the period 1951–1980. However, Canada did not introduce a capital gains tax until 1973 and the paper reports that January returns in Canada exceed returns for other months of the year before and after this date. Thus, these data do not support the tax‐loss‐selling‐pressure hypothesis as the entire explanation for the turn‐of‐the‐year effect in stock returns, nor, by implication, do they support the tax‐loss‐selling‐pressure hypothesis as the complete explanation for the “small firm” effect in U.S. stocks returns.


DURATION AND RISK ASSESSMENT FOR BONDS AND COMMON STOCKS

Published: 12/01/1975   |   DOI: 10.1111/j.1540-6261.1975.tb01062.x

John A. Boquist, George A. Racette, Gary G. Schlarbaum


THE INDIVIDUAL INVESTOR: ATTRIBUTES AND ATTITUDES

Published: 05/01/1974   |   DOI: 10.1111/j.1540-6261.1974.tb03055.x

Ronald C. Lease, Wilbur G. Lewellen, Gary G. Schlarbaum


THE COMMON‐STOCK‐PORTFOLIO PERFORMANCE RECORD OF INDIVIDUAL INVESTORS: 1964–70

Published: 05/01/1978   |   DOI: 10.1111/j.1540-6261.1978.tb04859.x

Gary G. Schlarbaum, Wilbur G. Lewellen, Ronald C. Lease


INDIVIDUAL INVESTOR RISK AVERSION AND INVESTMENT PORTFOLIO COMPOSITION

Published: 05/01/1975   |   DOI: 10.1111/j.1540-6261.1975.tb01834.x

Richard A. Cohn, Wilbur G. Lewellen, Ronald C. Lease, Gary G. Schlarbaum


SOME DIRECT EVIDENCE ON THE DIVIDEND CLIENTELE PHENOMENON

Published: 12/01/1978   |   DOI: 10.1111/j.1540-6261.1978.tb03427.x

Wilbur G. Lewellen, Kenneth L. Stanley, Ronald C. Lease, Gary G. Schlarbaum