Journal of banking and finance

• 

  Año 2008, Vol. 32, Número 1

  • Dynamics of insurance markets: Structure, conduct, and performance in the 21st century.

    J.D. Cummins, G. Dionne

    págs. 1-3

    

  • Insurance market mechanisms and government interventions.

    D. Kessler

    págs. 4-14

    

  • Cross-border M&As in the financial sector: Is banking different from insurance.

    D. Focarelli, A.F. Pozzolo

    págs. 15-29

    

  • Mergers and acquisitions in the US property-liability insurance industry: Productivity and efficiency effects.

    J.D. Cummins, X. Xie

    págs. 30-55

    

  • Consolidation and value creation in the insurance industry: The role of governance.

    N. Boubakri, G. Dionne, T. Triki

    págs. 56-68

    

  • On the pricing of intermediated risks: Theory and application to catastrophe reinsurance.

    Kenneth A. Froot, P.G.J. O'Connell

    págs. 69-85

    

  • Market structure and the efficiency of European insurance companies: A stochastic frontier analysis.

    P. Fenn, D. Vencappa, S. Diacon, P. Klumpes, C. O'Brien

    págs. 86-100

    

  • Reinsurance and corporate taxation in the United Kingdom life insurance industry.

    M. Adams, P. Hardwick, H. Zhou

    págs. 101-115

    

  • Regulator performance, regulatory environment and outcomes: An examination of insurance regulator career incentives on state insurance markets.

    M.F. Grace, R.D. Phillips

    págs. 116-133

    

  • State regulation and the structure, conduct, efficiency and performance of US auto insurers.

    M.A. Weiss, B.P. Choi

    págs. 134-156

    

  • ¿Crises¿ in medical malpractice insurance: Evidence of excessive price-cutting in the preceding soft market.

    S.E. Harrington, P.M. Danzon, A.J. Epstein

    págs. 157-169

    

  • Providers¿ affiliation, insurance and collusion.

    J.-M. Bourgeon, P. Picard, J. Pouyet

    págs. 170-186

    
• 

  Año 2008, Vol. 32, Número 2

  • Asymmetric effect of basis on dynamic futures hedging: Empirical evidence from commodity markets.

    D. Lien, L. Yang

    págs. 187-198

    

  • Relative deviation metrics and the problem of strategy replication.

    S.V. Stoyanov, S.T. Rachev, S. Ortobelli, F.J. Fabozzi

    págs. 199-206

    

  • The impact of capital market imperfections on investment¿cash flow sensitivity.

    S. Agca, Aruprenda Mozumdar

    págs. 207-216

    

  • Cross-country determinants of bank income smoothing by managing loan-loss provisions.

    Ana Rosa Fonseca Díaz, F. González

    págs. 217-228

    

  • Optimal strike prices of stock options for effort-averse executives.

    O. Palmon, S. Bar-Yosef, R.-R. Chen, I. Venezia

    págs. 229-239

    

  • Preferred habitat for liquidity in international short-term interest rates.

    V. Kotomin, S.D. Smith, D.B. Winters

    págs. 240-250

    

  • Overnight information and stochastic volatility: A study of European and US stock exchanges.

    I. Tsiakas

    págs. 251-268

    

  • The role of autoregressive conditional skewness and kurtosis in the estimation of conditional VaR.

    T.G. Bali, H. Mo, Y. Tang

    págs. 269-282

    

  • Pricing options on scenario trees.

    N. Topaloglou, H. Vladimirou, S.A. Zenios

    págs. 283-298

    

  • Bank failures and bank fundamentals: A comparative analysis of Latin America and East Asia during the nineties using bank-level data.

    M. Arena

    págs. 299-310

    

  • Factorization of European and American option prices under complete and incomplete markets.

    A. Ibañez

    págs. 311-325

    

  • Hedging index exchange traded funds.

    C. Alexander, A. Barbosa

    págs. 326-337

    

  • A note on foreign bank ownership and monitoring: An international comparison.

    M. Bertus, J.S. Jr. Jahera, K. Yost

    págs. 338-345

    
• 

  Año 2008, Vol. 32, Número 3

  • How do policy and information shocks impact co-movements of China¿s T-bond and stock markets?.

    X.-M. Li, L.-P. Zou

    págs. 347-359

    

  • Do improvements in government quality necessarily reduce the incidence of costly sudden stops?.

    A. Honig

    págs. 360-373

    

  • On the empirics of international smoothing.

    P. Asdrubali, S. Kim

    págs. 374-381

    

  • Optimal pension insurance design.

    T.M. Doskeland, H.A. Nordahl

    págs. 382-392

    

  • Investment principles for individual retirement accounts.

    A.G. Malliaris, M.E. Malliaris

    págs. 393-404

    

  • Does liberalization reduce agency costs? Evidence from the Indian banking sector.

    C. Ghosh, J. Harding, B.V. Phani

    págs. 405-419

    

  • Cross-listing and liquidity in emerging market stocks.

    A.C. Silva, G.A. Chávez

    págs. 420-433

    

  • Improving performance of corporate rating prediction models by reducing financial ratio heterogeneity.

    M. Niemann, J. H. Schmidt, M. Neukirchen

    págs. 434-446

    

  • The evolution of the January effect.

    N. Moller, S. Zilca

    págs. 447-457

    

  • Credit booms, monetary integration and the new neoclassical synthesis.

    P. Backé, C. Wojcik

    págs. 458-470

    
• 

  Año 2008, Vol. 32, Número 4

  • Financial globalization and growth.

    F. Moshirian

    pág. 471

    

  • Globalisation, growth and institutions.

    F. Moshirian

    págs. 472-479

    

  • Accounting and capital market measures of risk: Evidence from Asian banks during 1998¿2003.

    A. Agusman, Gary S. Monroe, D. Gasbarro, J.K. Zumwalt

    págs. 480-488

    

  • The Samuelson hypothesis in futures markets: An analysis using intraday data.

    H.N. Duong, P.S. Kalev

    págs. 489-500

    

  • Monetary policy transparency and pass-through of retail interest rates.

    M.-H. Liu, D. Margaritis, Alireza Tourani-Rad

    págs. 501-511

    

  • Stock exchange demutualization, self-listing and performance: The case of the Australian Stock Exchange.

    I. Otchere, K. Abou-Zied

    págs. 512-525

    

  • Is it the weather?.

    B. Jacobsen, W. Marquering

    págs. 526-541

    

  • Momentum profits and time-varying unsystematic risk.

    X. Li, J. Miffre, C. Brooks, N. O'Sullivan

    págs. 541-558

    

  • ¿Hot Hands¿ in bond funds.

    J. Huij, Jeroen Derwall

    págs. 559-572

    

  • Detecting abnormal credit union performance.

    K. Bauer

    págs. 573-586

    

  • The informational content of unsolicited ratings.

    P. Behr, A. Güttler

    págs. 587-599

    

  • Further analysis of the expectations hypothesis using very short-term rates.

    C.R. Brown, K.B. Cyree, M.D. Griffiths, D.B. Winters

    págs. 600-613

    

  • Modelling the term structure of interest rates: An efficient nonparametric approach.

    Lourdes Gómez del Valle, Julia Martínez Rodríguez

    págs. 614-623

    

  • A note on Chui, Gai and Haldane's "Sovereign liquidity crisis: Analytics and implications for public policy".

    D. Dreisbach, F. Kindermann

    págs. 624-629

    
• 

  Año 2008, Vol. 32, Número 5

  • Bounds and prices of currency cross-rate options.

    S.-L. Chung, Y.-H. Wang

    págs. 631-642

    

  • Surprise vs anticipated information announcements: Are prices affected differently? An investigation in the context of stock splits.

    S. Hwang, A. Keswani, M.B. Shackleton

    págs. 643-653

    

  • Minimum variance hedging when spot price changes are partially predictable.

    L.H. Ederington, J.M. Salas

    págs. 654-663

    

  • The behaviour of the real exchange rate: Evidence from regression quantiles.

    K. Nikolaou

    págs. 664-679

    

  • Do Federal Home Loan Bank membership and advances increase bank risk-taking?.

    D. Stojanovic, M.D. Vaughan, T.J. Yeager

    págs. 680-698

    

  • Asset restructuring strategies in bank acquisitions: Does distance between dealing partners matter?.

    P. Alessandrini, G. Calcagnini, A. Zazzaro

    págs. 699-713

    

  • The economic determinants of interest rate option smiles.

    P. Deuskar, A. Gupta, M.G. Subrahmanyam

    págs. 714-728

    

  • Do Euro exchange rates follow a martingale? Some out-of-sample evidence.

    J. Yang, X. Su, J.W. Kolari

    págs. 729-740

    

  • Hedge fund pricing and model uncertainty.

    S.D. Vrontos, I.D. Vrontos, D. Giamouridis

    págs. 741-753

    

  • Equity market timing and capital structure: International evidence.

    A. Mahajan, S. Tartaruglu

    págs. 754-766

    

  • Nonlinear mean reversion in stock prices.

    T.G. Bali, K.O. Demirtas, Horacio Levy

    págs. 767-782

    

  • Do banks overstate their Value-at-Risk?.

    C. Pérignon, Z.Y. Deng, Z.J. Wang

    págs. 783-794

    

  • Share reacquisitions, surplus cash, and agency problems.

    D. Oswald, S. Young

    págs. 795-806

    

  • Equity market information, bank holding company risk, and market discipline.

    T.J. Curry, G.S. Fissel, G.A. Hanweck

    págs. 807-819

    

  • An examination of Value Line¿s long-term projections.

    A.C. Szackmary, C.M. Conover, C. Lancaster

    págs. 820-833

    

  • Bank efficiency and foreign ownership: Do good institutions matter?.

    R. Lensink, A. Meesters, I. Naaborg

    págs. 834-844

    

  • Executive option exercises and financial misreporting.

    N. Burns, S. Kedia

    págs. 845-857

    

  • What drives credit dollarization in transition economies?.

    A. Luca, I. Petrova

    págs. 858-869

    

  • Operational risk.

    R.A. Jarrow

    págs. 870-879

    

  • The value of shorting.

    R. Nilsson

    págs. 880-891

    

  • An analysis of the implications of uncertainty and agency problems on the wealth effects to acquirers of private firms.

    T. Mantecon

    págs. 892-905

    
• 

  Año 2008, Vol. 32, Número 6

  • Information acquisition, coordination, and fundamentals in a financial crisis.

    M. Nikitin, R.T. Smith

    págs. 907-914

    

  • Bank incentives and suboptimal lending decisions: Evidence from the valuation effect of bank loan announcements in Japan.

    J.-K. Kang, W.-L. Liu

    págs. 915-929

    

  • The information content of stock split announcements: Do options matter?.

    K.-Y. Chern, K. Tandon, S. Yu, G. Webb

    págs. 930-946

    

  • A tale of two prices: Liquidity and asset prices in multiple markets.

    J.S.P. Chan, D. Hong, M.G. Subrahmanyam

    págs. 947-960

    

  • Ownership structure, corporate governance and analyst following: A study of French listed firms.

    S. Boubaker, F. Labégorre

    págs. 961-976

    

  • Optimal delegated portfolio management with background risk.

    A.M. Baptista

    págs. 977-985

    

  • On Haezendonck risk measures.

    F. Bellini, E. Rosazza Gianin

    págs. 986-994

    

  • Bank stock returns and economic growth.

    R.A. Cole, F. Moshirian, Q. Wu

    págs. 995-1008

    

  • Regime dependent determinants of credit default swap spreads.

    C. Alexander, A. Kaeck

    págs. 1008-1021

    

  • On measuring synchronization of bulls and bears: The case of East Asia.

    B. Candelon, J. Piplack, S. Straetmans

    págs. 1022-1035

    

  • Information asymmetry and investment�cash flow sensitivity.

    A. Ascioglu, S.P. Hegde, J.B. McDermott

    págs. 1036-1048

    

  • Practical methods for measuring and managing operational risk in the financial sector: A clinical study.

    A. Chapelle, Y. Crama, G. Hübner, J.-P. Peters

    págs. 1049-1061

    

  • Credit rating dynamics and Markov mixture models.

    H. Frydman, T. Schuermann

    págs. 1062-1075

    

  • Monetary policy news and exchange rate responses: Do only surprises matter?.

    R. Fatum, B. Scholnick

    págs. 1076-1086

    

  • Optimal portfolios when volatility can jump.

    N. Branger, C. Schlag, E. Schneider

    págs. 1087-1098

    

  • The causal effect of board size in the performance of small and medium-sized firms.

    M. Bennedsen, H.C. Kongsted, K.M. Nielsen

    págs. 1098-1109

    

  • Can subordinated debt constrain banks� risk taking?.

    J. Niu

    págs. 1110-1119

    

  • Are there long-run implications of analyst coverage for IPOs?.

    D. Bradley, K. Chan, J. Kim, A. Singh

    págs. 1120-1132

    

  • Liquidity, default, taxes, and yields on municipal bonds.

    J. Wang, C. Wu, F.X. Zhang

    págs. 1133-1149

    

  • Unraveling the complex interrelationships between exchange rates and fundamentals.

    A. Murphy, Y. (Ellen) Zhu

    págs. 1150-1160

    

  • Finance and development: Is Schumpeter�s analysis still relevant?.

    G. Bertocco

    págs. 1161-1175

    
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  Año 2008, Vol. 32, Número 7

  • Francesco Paris, the power of the will.

    G. Szego

    pág. 1177

    

  • Risk aversion and skewness preference.

    T. Post, P. van Vliet, Horacio Levy

    págs. 1178-1187

    

  • A comparison of MAD and CVaR models with real features.

    E. Angelelli, R. Mansini, M.G. Speranza

    págs. 1188-1197

    

  • Implicit recourse and credit card securitizations: What do fraud losses reveal?.

    T.A. Vermilyea, E.R. Webb, A.A. Kish

    págs. 1198-1208

    

  • Determinants of corporate cash holdings: Evidence from spin-offs.

    R. D'Mello, S. Krishnaswami, P.J. Larkin

    págs. 1209-1220

    

  • Information shares in the US Treasury market.

    B. Mizrach, C.J. Neely

    págs. 1221-1233

    

  • Opacity of young businesses: Evidence from rating disagreements.

    A. Hyytinen, M. Pajarinen

    págs. 1234-1241

    

  • Flexible inflation targeting and financial stability: Is it enough to stabilize inflation and output?.

    Q.F. Akram, O Eitrheim

    págs. 1242-1254

    

  • Volume and skewness in international equity markets.

    E. Hutson, C. Kearney, M. Lynch

    págs. 1255-1268

    

  • The delivery option in credit default swaps.

    R. Jankowitsch, R. Pullirsch, T. Veza

    págs. 1269-1285

    

  • Commodity betas with mean reverting output prices.

    G. Hong, S. Sarkar

    págs. 1286-1296

    

  • Is there cyclical bias in bank holding company risk ratings?.

    T.J. Curry, G.S. Fissel, G.A. Hanweck

    págs. 1297-1309

    

  • Can tax convexity be ignored in corporate financing decisions?.

    S. Sarkar

    págs. 1310-1321

    

  • Forecasting foreign exchange rates using idiosyncratic volatility.

    H. Guo, R. Savickas

    págs. 1322-1332

    

  • Investor protection and the value effects of bank merger announcements in Europe and the US.

    J. Hagendorff, M. Collins, K. Keasey

    págs. 1333-1348

    

  • Emerging market exchange rate exposure.

    T.K. Chue, D. Cook

    págs. 1349-1362

    

  • Financial market models with Lévy processes and time-varying volatility.

    Y.S. Kim, S.T. Rachev, M.L. Bianchi, F.J. Fabozzi

    págs. 1363-1378

    

  • Legal insider trading and market efficiency.

    N. Aktas, E. de Bodt, H. Van Oppens

    págs. 1379-1392

    

  • Interest rate clustering in UK financial services markets.

    J.K. Ashton, R.S. Hudson

    págs. 1393-1403

    

  • Backtesting trading risk of commercial banks using expected shortfall.

    W.K. Wong

    págs. 1404-1415

    

  • A flight to Q? Firm investment and financing in Korea before and after the 1997 financial crisis.

    P.L. Rousseau, J.H. Kim

    págs. 1416-1429

    
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  Año 2008, Vol. 32, Número 8

  • The significance of a world government in the process of globalization in the 21st century.

    F. Moshirian

    págs. 1432-1439

    

  • The cyclical behaviour of European bank capital buffers.

    T. Jokipii, A. Milne

    págs. 1440-1451

    

  • Bank income structure and risk: An empirical analysis of European banks.

    L. Lepetit, E. Nys, P. Rous, A. Tarazi

    págs. 1452-1467

    

  • The economics of credit cards, debit cards and ATMs: A survey and some new evidence.

    B. Scholnick, N. Massoud, A. Saunders, Santiago Carbó Valverde, F. Rodríguez-Fernandez

    págs. 1468-1483

    

  • Investment decisions and internal capital markets: Evidence from acquisitions.

    J.A. Doukas, O.B. Kan

    págs. 1484-1498

    

  • Credit to government and banking sector performance.

    D. Hauner

    págs. 1499-1507

    

  • What lies beneath: Foreign exchange rate exposure, hedging and cash flows.

    S. M. Bartram

    págs. 1508-1521

    

  • Financial market integration and the value of global diversification: Evidence for US acquirers in cross-border mergers and acquisitions.

    B.B. Francis, I. Hasan, X. Sun

    págs. 1522-1540

    

  • Comparing the performance of market-based and accounting-based bankruptcy prediction models.

    V. Agarwal, R. Taffler

    págs. 1541-1551

    

  • Mutual funds� ownership and firm performance: Evidence from China.

    R. Yuan, J.Z. Xiao, H. Zou

    págs. 1552-1565

    

  • Hedging, financing, and investment decisions: Theory and empirical tests.

    C.-M. Lin, R.D. Phillips, S.D. Smith

    págs. 1566-1582

    

  • An empirical analysis of aggregate household portfolios.

    M. Normandin, P. St-Amour

    págs. 1583-1597

    

  • Bank consolidation and new business formation.

    B. Francis, I. Hasan, H. Wang

    págs. 1598-1612

    

  • Split bond ratings and rating migration.

    M. Livingston, A. Naranjo, L. Zhou

    págs. 1613-1624

    

  • Common liquidity shocks and market collapse: Lessons from the market for perps.

    C.S. Fernando, R.J. Herring, A. Subrahmanyam

    págs. 1625-1635

    

  • How important is asymmetric covariance for the risk premium of international assets?.

    S. Mazzotta

    págs. 1636-1647

    

  • Utilitarianism and fairness in portfolio positioning.

    André de Palma, J.-L. Prigent

    págs. 1648-1660

    

  • Demand estimation and consumer welfare in the banking industry.

    A.A. Dick

    págs. 1661-1676

    

  • Bank capital regulation in a barrier option framework.

    A. Episcopos

    págs. 1677-1686

    

  • Decomposing liquidity along the limit order book.

    D. Rakowski, X. Wang Beardsley

    págs. 1687-1698

    

  • Why �Basel II� may need a leverage ratio restriction.

    J.M. Blum

    págs. 1699-1707

    
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  Año 2008, Vol. 32, Número 9

  • Improving VWAP strategies: A dynamic volume approach.

    J. Bialkowski, S. Darolles, G. Le Fol

    págs. 1709-1722

    

  • Socially responsible investments: Institutional aspects, performance, and investor behavior.

    L. Renneboog, J. Ter Horst, C. Zhang

    págs. 1723-1742

    

  • Diversification and ownership concentration.

    B.M. Parigi, L. Pelizzon

    págs. 1743-1753

    

  • Weather and intraday patterns in stock returns and trading activity.

    S.-C. Chang, S.-S. Chen, R.K. Chou, Y.-H. Lin

    págs. 1754-1766

    

  • Institutional ownership stability and BHC performance.

    E. Elyasiani, J.J. Jia

    págs. 1767-1781

    

  • Reference point formation by market investors.

    D. Kliger, A. Kudryavtsev

    págs. 1782-1794

    

  • Internal financial constraints, external financial constraints, and investment choice: Evidence from a panel of UK firms.

    A. Guariglia

    págs. 1795-1809

    

  • Can commodity futures be profitably traded with quantitative market timing strategies?.

    B.R. Marshall, R.H. Cahan, J.M. Cahan

    págs. 1810-1819

    

  • Competition versus efficiency: What drives franchise values in European banking?.

    O. De Jonghe, R. Vander Vennet

    págs. 1820-1835

    

  • The decision to first enter the public bond market: The role of firm reputation, funding choices, and bank relationships.

    G. Hale, J.A.C. Santos

    págs. 1828-1940

    

  • The diversification and financial performance of US credit unions.

    J. Goddard, D. McKillop, John O. S. Wilson

    págs. 1836-1849

    

  • Socially responsible investment funds: Investor reaction to current and past returns.

    K.L. Benson, J.E. Humphrey

    págs. 1850-1859

    

  • Inside shareholders� effective tax rates and dividends.

    M. Holmen, J.D. Knopf, S. Peterson

    págs. 1860-1869

    

  • Spectral risk measures and portfolio selection.

    A. Adam, M. Houkari, J.-P. Laurent

    págs. 1870-1882

    

  • Offsetting the implicit incentives: Benefits of benchmarking in money management.

    S. Basak, A. Pavlova, A. Shapiro

    págs. 1883-1893

    

  • Cash flow, investment, and investment opportunities: New tests using UK panel data.

    R.E. Carpenter, A. Guariglia

    págs. 1894-1906

    

  • Nonparametric, conditional pricing of higher order multivariate contingent claims.

    K. Giannopoulos

    págs. 1907-1915