Table Of Content

Author Index Financial Analysts Journal, Volume 48 (1992) A Ciotti, Glenn J. and Gillis, Insider Trading , GLOBAL INVESTING by Sumner N. Accreditation Committee of the ICFA, Staying Update, November/December, 46-51. Levine (book review), November/Decem- On Top: The ICFA Accreditation Program, Conley, John M. and O’Barr, Managing Rela- ber, 88. May/June, 22. tionships: The Culture of Institutional In- From the Financial Analysts Seminar, March/ vesting, September/October, 21-27. April, 31-32, 58. Altman, Edward I. and Kao, The Implications of Corporate Bond Ratings Drift, May/June, Cornell, Bradford, Liquidity and the Pricing 64-75. of Low-Grade Bonds, January/February, G Ankrim, Ernest M., Risk-Adjusted Perfor- 63-67, 74. Garcia, C.B. and Gould, The Generality of mance Attribution, March/April, 75-82, 74. Crowell, Richard A. and Smith-Britto, The Long-Short Equitized Strategies, Septem- Athanassakos, George, Porifolio Rebalancing Effect of Asset Class Maintenance Costs on ber/October, 64-69. and the January Effect in Canada, Novem- Optimal Asset Allocations, May/June, 40-43, Gehr, Adam K. Jr., A Bias in Dividend Dis- 63. ber/December, 67-78. count Models, January/February, 75-80. Attinger, Bill and Brooks, Using Duration Gillis, John G. and Ciotti, Insider Trading D and Convexity in the Analysis of Callable Update, November/December, 46-51. Convertible Bonds, July/August, 74-77. Droms, Williarn G., Fiduciary Responsibilities Glick, Steven L., More on STRIPS (letter), Author Index, Financial Analysts Journal, of Investment Managers and Trustees, July/ November/December, 14-15. Volume 47 (1991), May/June, 86-88. August, 58-64. Goh, T.H., Wong, Wang and Quek, Fuzzy Drummen, Martin and Zimmermann, The Neural Systems for Stock Selection, Janu- B Structure of European Stock Returns, July/ ary/February, 47-52, 74. August, 15-26. Gould, FJ. and Garcia, The Generality of Babbel, David F. and Zenios, Pitfalls in the Dwyer, Hubert J. and Lynn, Js the Estep Long-Short Equitized Strategies, Septem- Analysis of Option-Adjusted Spreads, July/ T-Model Consistently Useful? November/ ber/October, 64-69. August, 65-69. December, 82-86. Graham, Benjamin and Hooper, Should Secu- Bailey, Jeffery V., Evaluating Benchmark Dym, Steven, Global and Local Components rity Analysts Have a Professional Rating? Quality, May/June, 33-39. of Foreign Bond Risk, March/April, 83-91. (reprint from 1945), March/April, 6-9. Baker, H. Kent and Edelman, The Effects on Green, Philip, Js Currency Trading Profit- Spread and Volume of Switching to the E able? Exploiting Deviations from Uncov- NASDAQ National Market System, January/ Edelman, Richard B. and Baker, The Effects ered Interest Parity, July/August, 82-86. February, 83-86, 88. on Spread and Volume of Switching to the Gregory, Deborah W. and Livingston, Devel- Bavishi, Vinod B. and Speidell, GAAP Arbi- NASDAQ National Market System, January/ opment of the Market for U.S. Treasury trage: Valuation Opportunities in Interna- February, 83-86, 88. STRIPS, March/April, 68-74. tional Accounting Standards, November/ Edwards, Mark and Wagner, Isn't It Odd That Guttentag, Jack M., The Evolution of Mort- December, 58-66. Sponsors Use Momentum Techniques to gage Yield Concepts, January/February, 39- Benari, Yoav, Linking the International Bond Pick Value Managers? March/April, 24-25. 46. Investment Decision to Hedging, Septem- Ellis, Charles D., A New Paradigm: The Evo- ber/October, 55-63. H lution of Investment Management, March/ Bernstein, Peter L., How Improbable are the April, 16-18. Hirschey, Mark and Spencer, Size Effects in Origins of Modern Wall Street? or The Mi- the Market Valuation of Fundamental raculous Importance of Three Little Words, F Factors, March/April, 91-95. September/October, 15-18. , Real Bond Returns and the Equity Fama, Eugene F. and Booth, Diversification Holton, Glyn A., Time: The Second Dimen- Risk Premium, September/October, 8-9. Returns and Asset Contributions, May/June, sion of Risk, November/December, 38-45. Bierman, Harold Jr., In Defense of Account- 26-32. Hooper, Lucien O. and Graham, Should Se- ing Information, May/June, 81-83. Filatov, Victor S$. and Rappoport, Js Complete curity Analysts Have a Professional Rat- Blalciko, OFpitsicmhiezra tainodn , LiStetpetrmeamnb,e rG/lOocbtaolb ePro,r tf2o8- - HPoerdtgfiolnigo s?O pJtuilmya/lAu gfuosrt ,I n3t7e-r4n7a.t ional Bond Huainngg?, (Rroegpreirn t D.f raonmd 1S9to4l5l),, TMhaer cDhe/sAipgrinl ,o f6 -9. Boo4t3h., David G. and Fama, Diversification Finnaanncciaila l AcRceopuonrttiinngg iPno ltihcey 1C9o9m0msi ttaened, BeFi-- TSreapdtienmgb erS/ysOtcetmosb: erL,e ss4o9n-s5 4f.r om Abroad, yond: An Executive Summary, November/ Returns and Asset Contributions, May/June, I 26-32. December, 21-23. Brooks, Robert and Attinger, Using Duration Freeman, John D., Behind the Smoke and Ikeda, Masayuki, Price/Earnings Ratios with and Convexity in the Analysis of Callable Mirrors: Gauging the Integrity of Invest- Reciprocal Ownership, July/August, 77-82. ment Simulations, November/December, Convertible Bonds, July/August, 74-77. 26-31. Cc Fridson, Martin S., OUTPERFORMING WALL STREET Johnson, Lewis D., The Role of Convexity in by Daniel Alan Seiver (book review), Janu- Equity Pricing, September/October, 69-74. Casey, John L., Do High Business Standards ary/February, 87. Jorion, Philippe, Portfolio Optimization in Forbid Guarantees Against Losses by Se- , CaPITAL IDEAS by Peter L. Bernstein Practice, January/February, 68-74. lected Customers? November/December, 6, (book review), March/April, 96. 8. , CHAOS AND ORDER IN THE FINANCIAL K Cassandra (pseud.), Caveat Emptor, July/Au- Markets by Edgar E. Peters (book review), gust, 5-7. May/June, 85 Kalotay, Andrew J. and Williams, The Valua- , Caveat Emptor: Real Estate, Septem- , THE NATURE OF Risk by Justin Mamis tion and Management of Bonds with Sink- ber/October, 4-5. (book review), May/June, 84-85. ing Fund Provisions, March/April, 59-67. Chow, K. Victor and Riley, Asset Allocation , FORTUNE AND Fouty by William M. Kao, Duen Li and Altman, The Implications 1JFA9ION9NAU3ALR NYNCSAITLAS/L MARCH-APRIL and Individual Risk Aversion, November/ O'Barr and John M. Conley (book re- of Corporate Bond Ratings Drift, May/June, December, 32-37. view), November/December, 87-88. 64-75. \Sw a Kao, G. Wenchi, Reilly and Wright, A/terna- Muscarella, Chris J., Peavy and Vetsuypens, Spencer, Richard S. and Hirschey, Size Effects tive Bond Market Indexes, May/June, 44— Optimal Exercise of the Over-Allotment in the Market Valuation of Fundamental 58. Option in IPOs, May/June, 76-81. Factors, March/April, 91-95. Kawaller, Ira G., Choosing the Best Interest Spiro, Peter S., THE BANKRUPTING OF AMERICA by Rate Hedge Ratio, September/October, O David Calleo (book review), July/August, 74-77. 87-88. , A Novel Approach to Transactions- O’Barr, William M. and Conley, Managing Stoll, Hans R. and Huang, The Design of Based Currency Exposure Management, Relationships: The Culture of Institutional Trading Systems: Lessons from Abroad, November/December, 79-80. Investing, September/October, 21-27. September/October, 49-54. Kawaller, Ira G. and Koch, A Tactical Substi- O'Reilly, lan Rossa, Has The Stock Market Stovall, Rob« t H., Forecasting Stock Market tution Rule for Short-Term Interest Rate Become Too Short-Term Oriented? July/ Performance via the Presidential Cycle, Hedging, September/October, 44-48. August, 4, 7. May/June, 5-8. Koch, Timothy W. and Kawaller, A Tactical Swales, George S. Jr. and Yoon, Applying Ar- Substitution Rule for Short-Term Interest P tificial Neural Networks to Investment Rate Hedging, September/October, 44-48. Analysis, September/October, 78-80. Kogelman, Stanley and Leibowitz, Franchise Peavy, John W. III, Stock Prices: Do Interest Value and the Growth Process, January/ Rates and Earnings Really Matter? May/ T February, 53-62. June, 10-12. Thum, Chee Y. and Sorensen, The Use and Kritzman, Mark, About Option Replication, Peavy, John W. III, Muscarella and Vet- Misuse of Value Investing, March/April, January/February, 21-23. suypens, Optimal Exercise of the Over-Al- 51-58. , Asset Allocation for Individual Inves- lotment Option in IPOs, May/June, 76-81. Todd, Rebecca B. and McEnally, Cross-Sec- tors, January/February, 12-13. Peters, Edgar E., R/S Analysis Using Logarith- tional Variation in Common Stock Re- , About Currencies, March/April, 27- mic Returns, November/December, 81-82. turns, May/June, 59-63. 30. Treynor, Jack L., A Modest Proposal, January/ , About Utility, May/June, 17-20. February, 4-6. , About Lognormality, July/August, 10-12. Quek, B.K., Wong, Wang and Goh, Fuzzy 4, 8. , A More Modest Proposal, May/June, , About Optimization, September/Oc- Neural Systems for Stock Selection, Janu- , Market Manipulation, September/ tober, 10-13, 18. ary/February, 47-52, 74. October, 6-7. , About Duration and Convexity, No- vember/December, 17-20. R Vv Rappoport, Peter and Filatov, Js Complete Vetsuypens, Michael R., Muscarella and Peavy, L Hedging Optimal for International Bond Optimal Exercise of the Over-Allotment Ladd, Edward H., Reflections on U.S. Infla- Portfolios? July/August, 37-47. Option in IPOs, May/June, 76-81. tion, January/February, 8-10, 23. Regan, Patrick J., Cramming for Dollars, Landy, Gene K., Michel and Shaked, A Sur- March/April, 20-22. W vival Kit for Recovering Funds from Junk , China Syndrome Hits Japan, July/ Wagner, Wayne H. and Edwards, Isn’t It Odd Bond Defaults, July/August, 27-36. August, 8-9. That Sponsors Use Momentum Techniques Leibowitz, Martin L. and Kogelman, Franchise , South of the Border: Investors Dis- to Pick Value Managers? March/April, 24- Value and the Growth Process, January/ cover Latin America, November/Decem- 25. February, 53-62. ber, 9-12. Wang, P.Z., Wong, Goh and Quek, Fuzzy Lindsey, Richard R. and Schaede, Specialist vs. Reilly, Frank K., Kao and Wright, Alternative Neural Systems for Stock Selection, Janu- Saitori: Market-Making in New York and Bond Market Indexes, May/June, 44-58. ary/February, 47-52, 74. Tokyo, July/August, 48-57. Riley, William B. Jr. and Chow, Asset Alloca- Ware, James W., Quantum Investing, March/ Litterman, Robert and Black, Global Portfolio tion and Individual Risk Aversion, Novem- April, 10-14, 22. Optimization, September/October, 28-43. ber/December, 32-37. Wilcox, Jarrod W., Global Investing in Livingston, Miles, Reply from Professor Liv- Rogers, Douglas S., After-Tax Equity Returns Emerging Markets, January/February, 15- ingston (letter), November/December, 15. for Non-Qualified Nuclear Decommission- 19. Livingston, Miles and Gregory, Development ing Trusts, July/August, 70-73. Williams, George O. and Kalotay, The Valua- of the Market for U.S. Treasury STRIPS, tion and Management of Bonds with Sink- March/April, 68-74. S ing Fund Provisions, March/April, 59-67. Logue, Dennis E. and Seward, The Time Wong, F.S., Wang, Goh and Quek, Fuzzy Warner Rights Offering: Strategy, Articula- Schaede, Ulrike and Lindsey, Specialist vs. Neural Systems for Stock Selection, Janu- tion and the Destruction of Shareholder Saitori: Market-Making in New York and ary/February, 47-52, 74. Value, March/April, 37-45. Toyko, July/August, 48-57. Wright, David J., Reilly and Kao, Alternative Lynn, Richard and Dwyer, Is the Estep Seward, James K. and Logue, The Time Bond Market Indexes, May/June, 44-58. Y T-Model Consistently Useful? November/ Warner Rights Offering: Strategy, Articula- December, 82-86. tion and the Destruction of Shareholder Y Value, March/April, 37-45. Yoon, Young and Swales, Applying Artificial Shaked, Israel, Landy and Michel, A Survival M Kit for Recovering Funds from Junk Bond Neural Networks to Investment Analysis, Marr. Wayne Jr., Effects of the Antitakeover Defaults, July/August, 27-36. September/October, 78-80. Provisions of Pennsylvania Act 36: A Sur- Shilling, A. Gary, Market Timing: Better Than Z vey of Empirical Studies, November/De- a Buy-and-Hold Strategy, March/April, 46- cember, 52-57. 50. Zenios, Stavros A. and Babbel, Pitfalls in the McEnally, Richard W. and Todd, Cross-Sec- Siegel, Jeremy J., The Equity Premium: Stock Analysis of Option-Adjusted Spreads, July/ tional Variation in Common Stock Re- and Bond Returns Since 1802, January/ August, 65-69. turns, May/June, 59-63. February, 28-38, 46. Zimmermann, Heinz and Drummen, The Michel, Allen, Landy and Shaked, A Survival Smith-Britto, G. Leslie and Crowell, The Effect Structure of European Stock Returns, July/ Kit for Recovering Funds from Junk Bond of Asset Class Maintenance Costs on Opti- August, 15-26. Defaults, July/August, 27-36. mal Asset Allocations, May/June, 40-43, 63. Zimmermann, Heinz and Zogg-Wetter, On Miller, C. Hayes, MANAGED Futures by Carl Sorensen, Eric H. and Thum, The Use and Detecting Selection and Timing Ability: Peters (book review), July/August, 88. Misuse of Value Investing, March/April, The Case of Stock Market Indexes, January/ Morley, Alfred C., The ICFA Examination 51-58. February, 80-83. 1JAF9ONI9UNA3ARL NNYCASILTPAS/rL Mo gArRaCmH,- AMPaRy/IJLu ne, 14-15. Speidell, Lawrence S. and Bavishi, GAAP Arbi- Zogg-Wetter, Claudia and Zimmermann, On Morris, Victor F., POWER AND ACCOUNTABILITY by trage: Valuation Opportunities in Interna- Detecting Selection and Timing Ability: Robert Monks and Neill Minow (book re- tional Accounting Standards, November/ The Case of Stock Market Indexes, January/ 96 view), January/February, 87-88. December, 58-66. February, 80-83.