Table Of Content

INDEX TO VOLUME LVIII ARTICLES A Generalization of the Brennan—Rubin- Convertible Securities and Venture stein Approach for the Pricing of Deri- Capital Finance vatives . Klaus M. Schmidt Antonio Camara Corporate Board Composition, Proto- A Monte Carlo Method for Optimal cols, and Voting Behavior: Experimen- PORE ss oo a ce ae oee ee tal Evidence Jérome B. Detemple, Ann B. Gillette, René Garcia, and Thomas H. Noe, and Marcel Rindisbacher Michael J Rebello Analyzing the Analysts: Career Con- Corporate Financing: An Artificial cerns and Biased Earnings Forecasts Agent-based Analysis Harrison Hong and Thomas H. Noe, Jeffrey D. Kubik Michael J. Rebello, and An Empirical Analysis of Analysts’ Tar- Jun Wang get Prices: Short-term Informative- Cross-Border Listings and Price Discov- ness and Long-term Dynamics...... ery: Evidence from U.S.-Listed Cana- Alon Brav and dian Stocks Reuven Lehavy Cheol S. Eun and Anti-Competitive Financial Contract- Sanjiv Sabherwal ing: The Design of Financial Claims. Currency Orders and Exchange Rate Giacinta Cestone and Dynamics: An Explanation for the Lucy White 2109 Predictive Success of Technical Ana- Asset Pricing with Conditioning Infor- mation: A New Test Carol L. Osler Kevin Q. Wang Delegated Portfolio Management and Asset Trading Volume with Dynamically Rational Prolonged Mispricing Complete Markets and Heteroge- Eitan Goldman and neous Agents........ Steve L. Slezak Kenneth L. Judd, Divestitures and Divisional Investment Felix Kubler, and PURO sels ho SOS ee Karl Schmedders Amy Dittmar and Bookbuilding: How Informative Is the Anil Shivdasani Order Book? Dividend Taxes and Share Prices: Evi- Francesca Cornelli and dence from Real Estate Investment 5 David Goldreich PROBE oc Sete sao eee Capital Gains, Dividend Yields, and Ex- William M. Gentry, pected Inflation Deen Kemsley, and Eugene A. Pilotte Christopher J. Mayer Capital Structure and Financial Risk: Evi- Do Price Discreteness and Transactions dence from Foreign Debt Use in East Costs Affect Steck Returns? Compar- ing Ex-Dividend Pricing before and George Allayannis, after Decimalization Gregory W. Brown, and John R. Graham, Leora F- Klapper Roni Michaely, and Clearly Irrational Financial Market Be- Michael R. Roberts 2611 havior: Evidence from the Early Exer- Do Spin-Offs Expropriate Wealth from cise of Exchange Traded Stock Options Bouedbiniteters 5 =. li oe ans Allen M. Poteshman and William F. Maxwell and Vitaly Serbin Ramesh P. Rao Competition among Trading Venues: In- Does Shareholder Composition Matter? formation and Trading on Electronic Evidence from the Market Reaction Communications Networks. ........ to Corporate Earnings Announce- Michael J. Barclay, ments . Terrence Hendershott, and Edith S. Hotchkiss and D. Timothy McCormick Deon Strickland 2810 The Journal of Finance DotCom Mania: The Rise and Fall of In- Hedging in the Possible Presence of Unspanned Stochastic Volatility: Eli Ofek and Evidence from Swaption Markets ... Matthew Richardson Rong Fan, Dynamic Asset Allocation with Event Risk Anurag Gupta, and Jun Liu, Peter Ritchken Francis A. Longstaff, and High-Water Marks and Hedge Fund Jun Pan Management Contracts............ Empirical Tests for Stochastic Domi- William N. Goetzmann, nance Efficiency Jonathan E. Ingersoll, Jr., and Thierry Post 1905 Stephen A. Ross Entrenchment and Severance Pay in Op- How Investors Interpret Past Fund timal Governance Structures....... Returns Andres Almazan and Anthony W. Lynch and Javier Suarez David K. Musto Equilibrium “Anomalies” How Sensitive Is Investment to Michael F. Ferguson and Cash Flow When Financing Is Fric- Richard L. Shockley tionless? Equity Volatility and Corporate Bond Aydogan Alti Yields Idiosyncratic Risk Matters! John Y. Campbell and Amit Goyal and Glen B. Taksler Pedro Santa-Clara Evaluation Periods and Asset Prices in a Incentive Compensation When Execu- Market Experiment tives Can Hedge the Market: Evidence Uri Gneezy, of Relative Performance Evaluation in Arie Kapteyn, and the Cross Section Jan Potters Gerald Garvey and Evidence of Information Spillovers in Todd Milbourn the Production of Investment Bank- Incentive Fees and Mutual Funds Edwin J. Elton, Lawrence M. Benveniste, Martin J. Gruber, and Alexander Ljungqvist, Christopher R. Blake William J. Wilhelm, Jr., and Institutional Investors and Executive Xiaoyun Yu Compensation Excessive Dollar Debt: Financial Devel- Jay C. Hartzell and opment and Underinsurance Laura T. Starks Ricardo J. Caballero and Integration of Lending and Under- Arvind Krishnamurthy writing: Implications of Scope Econo- Family Firms........ mies. tay Mike Burkart, Fausto Panunzi, and George Kanatas and Andrei Shleifer Jianping Qi Financial Development, Property Internal versus External Financing: An Rights, and Growth Optimal Contracting Approach Stijn Claessens and Roman Inderst and Luc Laeven Holger M. Miiller Financial Distress and Bank Lending Intraday Price Formation in U.S. Equity Relationships : Index Markets Sandeep Dahiya, Anthony Saunders, and Joel Hasbrouck Anand Srinivasan Investment, Uncertainty, and Liquidity Financing and Advising: Optimal Fi- Glenn W. Boyle and nancial Contracts with Venture Capi- Graeme A. Guthrie talists Investor Protection and Firm Liquidity Paul Brockman and Founding-Family Ownership and Firm Per- Dennis Y. Chung formance: Evidence from the S&P 500 . IPO Pricing in the Dot-com Bubble.... RonaldC . Anderson and Alexander Ljungqvist and David M. Reeb William J. Wilhelm, Jr. Good Day Sunshine: Stock Returns and the International Convergence of the Weather Capital Adequacy Regulation Desir- David Hirshleifer and Tyler Shumway 1009 Viral V. Acharya Index to Volume LVIII Long-run Performance Regulation Fair Disclosure and Earn- Splits: 1927 to 1996 .. ings Information: Market, Analyst, ind Corporate Responses.......... Michael S. Rozeff Warren Bailey, Haitao Li, Managerial Incentives and Internal Ca- Connie X. Mao, and Rui Zhong pital Markets Report of the Editor of The Journal of Fi- Adolfo De Motta nance for the Year 2002. oe Market Maker Quotation Behavior and Richard C. Green Pretrade Transparency ... Report of the Executive Secretary and Yusif Simaan, Treasurer. . Daniel G. Weaver, and David K. Whitcomb Risk Management with Derivatives by Minutes of the Annual Membership Dealers and Market Quality in Gov- Meeting ernment Bond Markets ve David H. Pyle Narayan Y. Naik and Mode! Misspecification and Underdiver- Pradeep K. Yadat sification Risk Reduction in Large Portfolios: Why Raman Uppal and Imposing the Wrong Constraints Tan Wang Modeling Sovereign Yield Spreads: A Ravi Jagannathan and Case Study of Russian Debt Tongshu Ma Darrell Duffie, Robert Brooks, Building Financial Deri- Lasse Heje Pedersen, and vatives Applications with C + + Kenneth J. Singleton Gregory F. Robel Momentum and Reversals in Equity-In- Role of Speculative Short Sales in Price dex Returns during Periods of Abnor- Formation: The Case of the Weekend mal Turnover and Return Dispersion Robert Connolly and Honghui Chen and Chris Stivers Vijay Singal Momentum Investing and Business Cy- Rumors cle Risk: Evidence from Pole to Pole . Jos Van Bommel John M. Griffin, S&P 500 Index Additions and Earnings Susan Ji, and OCC SEMINE «bi. 5 aio 2 Sob cee acennae J. Spencer Martin Diane Denis, John J. McConnell, Alexei New Evidence on the Market for Direc- Ovtchinnikov, and tors: Board Membership and Pennsy]l- Yun Yu vania Senate Bill 1310 Shareholder Taxes in Acquisition Pre- Jeffrey L. Coles and miums: The Effect of Capital Gains Chun-Keung Hoi Taxation Ownership Structure, Corporate Gov- Benjamin C. Ayers, ernance, and Firm Value: Evidence Craig E. Lefanowicz, and from the East Asian Financial Crisis John R. Robinson Michael L. Lemmon and Spurious Regressions in Financial Eco- Karl V. Lins nomics? Performance Incentives within Firms: The Wayne E. Ferson, Sergei Sarkissian, and Effect of Managerial Responsibility . . Timothy T. Simin Rajesh K. Aggarwal and Stock Valuation and Learning about Andrew A. Samwick Profitability. Peter L. Bossaerts and Bernt A. Ode- Lubos Péstor and gaard, Lectures on Corporate Finance . Pietro Veronesi Bart M. Lambrecht Tax-Induced Trading of Equity Securi- Phelim Boyle and Feidhlim Boyle, Deri- ties: Evidence from the ADR Market. vatives: The Tools that Changed Finance Sandra Renfro Callaghan and Moshe A. Milevusky Christopher B. Barry Presidential Address: Liquidity and The Behavior of Bid—Ask Spreads and Price Discovery Volume in Options Markets during Maureen O’Hara the Competition for Listings in 1999. Pseudo Market Timing and the Long- Patrick de Fontnouvelle, Run Underperformance of IPOs. . Raymond PH. Fishe, and Paul Schultz Jeffrey H. Harris 2812 The Journal of Finance The Determinants of Underpricing for The Value Spread .. Seasoned Equity Offers............ Shane A. Corwin Christopher Polk, and The Dynamics of Institutional and Indi- Tuomo Vuolteenaho 609 vidual Trading .... The Wealth Effects of Repurchases on John M. Griffin, Bondholders Jeffrey H. Harris, and William F: Maxwell and Selim Topaloglu Clifford P. Stephens The Finite Moment Log Stable Process Too Busy to Mind the Business? Moni- and Option Pricing toring by Directors with Multiple Peter Carr and Board Appointments Liuren Wu Stephen P. Ferris, The Impact of Jumps in Volatility and Murali Jagannathan, and Returns . sis A.C. Pritchard 1087 Bjorn Eraker, Trade Credit, Financial Intermediary Michael Johannes, and Development, and Industry Growth . Nicholas Polson Raymond Fisman and The Level and Persistence of Growth Inessa Love Value versus Glamour Jennifer Conrad, Jason Karceski, and Michael Cooper, and Josef Lakonishok Gautum Kaul 1969 The Presidential Puzzle: Political Cycles What if Trading Location Is Different and the Stock Market from Business Location? Evidence Pedro Santa-Clara and from the Jardine Group Rossen Valkanov The Quiet Period Goes out with a Allaudeen Hameed, and Bang Sie Ting Lau Daniel J. Bradley, What Type of Process Underlies Op- Bradford D. Jordan, and tions? A Simple Robust Test Jay R. Ritter Peter Carr and The Really Long-Run Performance of In- Liuren Wu itial Public Offerings: The Pre-Nasdaq Why Do Managers Diversify Their Evidence Firms? Agency Reconsidered Paul A. Gompers and Rajesh K. Aggarwal and Josh Lerner Andrew A. Samwick The Term Structure with Semi-credible Targeting Heber Farnsworth and Richard Bass INDEX TO VOLUME LVIII AUTHORS AcuHarya, VIRAL V. “Is the International les: Ev ridence from the ADR Convergence of Capital Adequacy Market” Regulation Desirable?” MARA, ANTONIO “A Generalization of AGGARWAL, RAJESH K. “Performance In- the Brennan-—Rubinstein Approach for centives within Firms: The Effect of the Pricing of Derivatives” Managerial Responsibility” MPBELL, JOHN Y. “Equity Volatility and AGGARWAL, RaJEsH K.“Why Do Managers C mesg ite Bond Yields Diversify Their Firms? Agency Recon- “ARR, ETER “The Finite Moment Log sidered” Stzb leP rocess and Option Pricing” ALLAYANNIS, GEORGE “Capital Structure , PererR “What Type of Process Un- and Financial Risk: Evidence from ‘aitias Options? A Simple Robust Foreign Debt Use in East Asia” ALMAZAN, ANDRES “Entrenchment and ASAMAT CATHERINE “Financing and Severance ay in Optimal Governance Advising: Optimal Financial Con- Structures” tracts with Venture Capitalists” 2059 Atti, AYDOGAN “How Sensitive Is Invest- XESTONE, GIACINTA “Anti-Competitive ment to Cash Flow When Financing Financial Contracting: The Design of Is Frictionless?” Financial Claims” 2109 ANDERSON, RONALD “Founding- Family ‘HAN, KALOK “What if Trading Location Ownership and ‘Fen Performance: Is Different from Business Location? Evidence from the S&P 500” Evidence from the Jardine Group”... Ayers, BENJAMIN C. “Shareholder Taxes in iAN, Louis K. C.“The Level and Persis- Acquisition Premiums: The Effect of tence of Growth Rates” Capital Gains Taxation” ‘HEN, HoncuHut “Role of Speculative BalLey, WARREN “Regulation Fair Disclo- Short Sales in Price Formation: The sure and Earnings Information: Mar- Case of the Weekend Effect” ket, Analyst, and Corporate Responses” .G, Dennis Y. (See Brockman) 921 Barc ay, MICHAEL J.“Competition among LAESSENS, Stn “Financial Develop- Trading Venues: Information and ment, Property Rights, and Growth’. . . 2401 Trading on Electronic Communica- x ‘, RANDOLPH B.“The Value Spread” 609 tions Networks” ‘OLES,a ge eto L. “New Evidenocn eth e Barry, CHRISTOPHER B. (See Callaghan) . Market for Directors: Board Member- Bass, RicHARD (See Farnsworth) ship and Pennsylvania Senate Bill BENVENISTE, LAWRENCE M. “ Evidence of Information Spillovers in the Produc- NOLLY, Ropert “Momentum and Re- tion of Investment Banking Services” ersals in Equity-Index Returns dur- BLAKE, CHRISTOPHER R (See Elton) ing Periods of Abnormal Turnover BoyLe, GLENN “Investment, Uncer- and Return Dispersion’. . . 1521 tainty, and Liquidity”. ONRAD, JENNIFER “Value BRADLEY, DANIEL J. “The Quiet Period mour” 1969 — out with a Bang” OOPT ‘ ane HAEL (See Conrad) 1969 BRAV, A LON “An Empirical Analysis of ‘OR) FRANCESCA “Bookbuilding: Anabel Target Prices: Short-term How “%n formé Er Is the Order Book?’ 1415 Informativeness and Long-term Dy- ORWIN, SHANE / “The Determinants of namics” 1933 percha) for Seasoned Equity BrockMA “Inve stor Protection Offers” and Firm Liquidity” 921 Dantya, SA NDEEP “Financial Distress and Brown, Grecory W. (See Allayannis)... 2667 Bank Lending Relationships” Burkart, MIKE “Family Firms” 2167 DE FONTNOUVELLE, Parrick “The Behavior Byun, Jinno “Long-run Performance of Bid—Ask Spreads and Volume in Op- after Stock Splits: 1927 to 1996” 1063 tions Markets during the Competition CABALLERO, RicarpDo J. “ Excessive Dollar for Listings in 1999” Debt: Financial Development and Un- pE Morra, Apo.iro, “Managerial Incen- derinsurance” tives and Internal Capital Markets” CALLAGHAN, SANDRA RENFRO Denis, DIANE “S&P 500 Index Additions duced Trading of Equity Securit and Earnings Expectations” 2814 The Journal of Finance DETEMPLE, JEROME B. “A Monte Carlo GREEN, RicHArRD C. Report of the Editoro f Method for Optima! Portfolios” The Journal of Finance for the Year Dirrmar, Amy “Divestitures and Divi- 2002. sional Investment Policies” GRIFFIN, JOHN M.“The Dynamics of Insti- Durrif, DARRELL “Modeling Sovereign tutional and Individual Trading”. .. . Yield Spreads: A Case Study of Rus- GRIFFIN, JoHN M. “Momentum Investing sian Debt” .. and Business Cycle Risk: Evidence E_ron, Epwin J. “Incentive Fees and from Pole to Pole” Mutual Funds” GruBER, Martin J. (See Elton) 779 ERAKER, BJORN “The Impact of Jumps in Gupta, ANuRAG (See Fan) 2219 Volatility and Returns” GUTHRIE, GRAEME A. (See Boyle) 2143 Eun, Cueout S. “Cross-Border Listings HAMEED, ALLAUDEEN (See Chan) 1221 and Price Discovery: Evidence from HARRIS, JEFFREY H. (See de Fontnouvelle) 2437 U.S.-Listed Canadian Stocks” : Harris, JEFFREY H. (See Griffin) 2285 Fan, Rone “Hedging in the Possible Pre- HArtTZELL, Jay C. “Institutional Investors sence of Unspanned Stochastic Volati- and Executive Compensation” 2351 lity: Evidence from Swaption Markets” HasBrouck, JOEL “Intraday Price Forma- FaRNSWorTH, HEBER “The Term Structure tion in U.S. Equity Index Markets” . . 2375 with Semi-credible Targeting” HENDERSHOTT, TERRENCE (See Barclay) . . 2637 Fercuson, MicHaeL F. “Equilibrium HIRSHLEIFER, Davip “Good Day Sunshine: “Anomalies” Stock Returns and the Weather” .... 1009 FerRIS, STEPHEN P.“Too Busy to Mind the Hoi, CHUN-Keunc (See Coles) 197 Business? Monitoring by Directors Honea, Harrison “Analyzintgh e Analysts: with Multiple Board Appointments” . Career Concerns and Biased Earnings FerSON, WAYNE E. “Spurious Regressions Forecasts” in Financial Economics?” Horcukiss, Epitx 8. “Does Shareholder FisHE, RayMonpD P. H. (See de Fontnou- Composition Matter? Evidence from the Market Reaction to Corporate FISMAN, RAYMOND “Trade Credit, Finan- Earnings Announcements” 1469 cial Intermediary Development, and INDERST, ROMAN “Internal versus Exter- Industry Growth” nal Financing: An Optimal Contract- Garcia, RENE (See Detemple) ing Approach” GARVEY, GERALD “Incentive Compensa- INGERSOLL, JONATHAN E. Jr., (See Goetz- tion When Executives Can Hedge the mann). Market: Evidence of Relative Perfor- JAGANNATHAN, Mura .i (See Ferris) mance Evaluation in the Cross Sec- JAGANNATHAN, Ravi “Risk Reduction in tion” Large Portfolios: Why Imposing the GENTRY, WILLIAM M. “Dividend Taxes and Wrong Constraints Helps” Share Prices: Evidence from Real Es- SUSAN (See Griffin) tate Investment Trusts” . . YNES, MICHAEL (See Eraker) GILLETTE, ANN B.“Corporate Board Com- RDAN, BRADFORD D. (See Bradley) position, Protocols, and Voting Beha- bp, KENNETH L. “Asset Trading Volume vior: Experimental Evidence” 1997 with Dynamically Complete Markets GNEEzyY, Uri “Evaluation Periods and As and Heterogeneous Agents” set Prices in a Market Experiment” . 821 Kanatas, GEORGE “Integration of Lend- GOETZMANN, WILLIAM N. “High-Water ing and Underwriting: Implications Marks and Hedge Fund Management of Scope Economies” Contracts” = KaPTEYN, ARIE (See Gneezy) GOLDMAN, Eitan “Delegated Portfolio KARCESKI, JASON (See Chan) Management and Rational Prolonged KauL, GAUTUM (See Conrad) Mispricing” . .. KEMSLEY, DEEN (See Gentry) Go preicu, Davin (See Cornelli) .... K.LApper, Leora F. (See Allayannis).... Gompers, Pau. A.“The Really Long-Run KRISHNAMURTHY, ARVIND (See Caballero) Performance of Initial Public Offer- Kubik, JEFFREY D. (See Hong) ings: The Pre-Nasdagq Evidence”. ... . KUBLER, FELIX (See Judd) GoyaL, Amit “Idiosyncratic Risk Mat- LAEVEN, Luc (See Claessens) LAKONISHOK, JOSEF (See Chan) GRAHAM, JOHN R.“Do Price Discreteness LAMBRECHT, Bart M. “Peter L. Bossaerts and Transactions Costs Affect Stock and Bernt A. Odegaard, Lectures on Cor- Returns? Comparing Ex-Dividend Pri- porate Finance” cing before and after Decimalization” 2611 Lau, Siz Tinc (See Chan) Index to Volume LVIII 2815 LeFANowicz, Craic E. (See Ayers) . THIERRY “Empirical Tests for Sto- LEHAVY, REUVEN (See Brav) stic Dominance Efficiency” 1905 LEMMON, MICHAEL L. “ Ownership Struc- N, ALLEN M. “Clearly Irrational ture, Corporate Governance, and Financial Market Beh avior: Evidence Firm Value: Evidence from the East from the Early Exercise of Exchange Asian Financial Crisis” Traded Stock Options’ LERNER, JOSH (See Gompers) )TTERS, JAN (See Gneezy) Li, Harrao (See Bailey) RITCHARD, A.C. (See Ferris) Lins, KarLV. (See Lemmon) .. . Davin H. “Minutes of the Annual Liu, JuN “Dynamic Asset Allocation Membership Meeting” dia atereics with Event Risk” LE, Davip H. “Report of the Executive LJUNGQVIST, ALEXANDER “IPO Pricing in Secretary and Treasurer” the Dot-com Bubble” JIANPING (See KANATAS) .. 1167 LJUNGQVIST, ALEXANDER (See Benveniste) RAMESH P. (See Maxwell) 2087 LonastaFF, Francis A. (See Liu) aeOSSS LLO, MICHAELJ . (See Gillette) 1997 Love, INgessa (See Fishman) 0, MicHAkt J. (See Noe) 943 Lyncu, ANTHONY W.“How Investors Inter- B, Davip M. (See Anderson). 1301 pret Past Fund Returns” DSON, MATTHEW (See Ofek) 1113 Ma, Tonasuu (See Jagannathan) NDISBACHER, MARCEL (See Detemple). . 101 Mao, DesO NNIE bs (See Baileyy ). HKEN, PeTer (See Fan)... . 2219 r, Jay R. (See Bradley) .. 1i M. AXWELL, WuI LLIAM “Do ‘Spin-Off Ex- NXHHDAAA AeBNLEAA L ,A GREGORY F.“Robert Brooks, Build- propriate Wealth nit Bondholders?” 2093 ing Financial Derivatives Applications MAXWELL, WILLIAM F.“The Wealth Effects wit h Cc * 469 of Repurchases on Bondholders” 895 BERTS, Mi HAEL R. (See2 Gr aham) 2611 Mayer, CHRISTOPHER J. (See Gentry). . . 283 BINSON, JOHN R. (See Ayers)... ... 2783 McConneLL, JOHN J. (See Denis) 1821 , STEPHEN A. (See Goetzmann) 1685 McCormick, D. Timovuy (See Barclay) . . 2637 F, MicHAEL S. (See Byun) .... 1063 MicuacLy, Roni (See Graham) 2611 \.L, SANJIV (See Eun) 549 MILBourRN, Topp (See Garvey) . 1557 , ANDREW A. (See Aggarwal) . 71 Miuevsky, Mosue A. “Phelim Boyle and ANDREW A. (See Aggarwal) 1613 Feidhlim Boyle, Derivatives: The Tools LARA, Pepro “The Presidential that Changed Finance” e: Political Cycles and the Stock Mu._er, HoLcer M. (See Inderst). Musto, Davin K. (See Lynch) Naik, NARAYAN Y. “Risk Management \ Sine thes ied with Derivatives by Dealers and Mar- NDERS, — THONY (See Dahiya) ket Quality in Government Bond Mar- s, Karu (See Judd) kets” . 1873 KLAus M. “Conve rtible Nog, THOMAS “Corporate F inancing: securities an Venture Capital An Artificial AAg ent-based Analysis” 943 Nog, THoMAS H. (See Gillette) . . . 2003 Pau “Pseudo Market Timing Orek, ELI “DotCom Mania: The Rise and and the Long-Run peencanemeey Fall of Internet Stock Prices” of IPOs” 183 O’Hara, MaAurEEN “Presidential Address: n, ViTALy (See Poteshman) 37 Liquidity and Price Discovery” \SANI, ANIL (See Dittmar) 2713 Os.er, Caro. L.“Currency Orders and Ex- ANnpbrREI (See Burkart) 2167 change Rate Dynamics: An Explana- LEY, RICHARD [|u. (See Ferguson)... 2549 tion for the Predictive Success of Tech- YLER (See Hirshleifer) 1009 nical Analysis” “Market Maker Quots ation OVTCHINNIKOY, Bs ehavior and Pretrade Transparency’ 1247 Pan, JuN (See Liu) SIMIN, TimoTHyY T. (See Ferson). . 1393 PaNnunzi, Fausto (See Burkart) SINGAL, ViuAy (See Chen) 685 Pastor, Lusos “Stock Valuation and NGLETON, KENNETH J. (See Duffie) 119 Learning about Profitability” SLEZAK, STEVE L. (See Goldman) 283 PEDERSEN, Lasse HEJE (See Duffie) SRINIVASAN, ANAND (See Dahiya) 375 Pitotre, EUGENE A. “Capital Gains, Divi- Starks, LauraT . (See Hartzell) 2351 dend Yields, and Expected Infla- STEPHENS, CLIFFORD P. (See Maxwell)... 895 tion” 447 Stivers, Curis (See Connolly) 1521 PoLk, CHRISTOPHER (See Cohen) 609 STRICKLAND, Deon (See Hotchkiss) 1469 PoLson, NICHOLAS (See Eraker)........ 1269 Suarez, JAVIER (See Almazan) 2816 The Journal of Finance TAKSLER, GLEN B. (See Campbell) 939] Wuitcomp, Davin K. (See Simaan) TOPALOGLU, SELIM (See Griffin) 2285 Wuite, Lucy (See Cestone) UppaL, RAMAN “Model Misspecification WILHELM, WILLIAM J. JR., (See Benve- and Underdiversification” 2465 niste) VALKANOV, RossEN (See Santa-Clara) ... 1841 WILHELM, WILLIAM J. Jr., VAN BomMMEL, Jos “Rumors” 1499 (See Ljungqvist) VERONESI, PiETRO (See Pastor) 1749 Wu, Liuren (See Carr) VUOLTEENAHO, TuoMo (See Cohen) 609 Wu, Liuren (See Carr) WANG, JUN (See Noe) . . 943 YADAV, PRADEEP K. (See Naik) Wana, Kevin Q. “Asset Pricing with Con- Yu, X1iaovun (See Benveniste) ditioning Information: A New Test” . 161 Yu,Y un (See Denis) WAna, TAN (See Uppal) 2465 ZHORuiN (SeGe B,aile y) Weaver, DANIEL G. (See Simaan) 1247