Papers 1983

Working Papers 1983

Bond Indexation and Exhaustible Resources and Depletion
Howard Kaufold

See revised version 11-83

An Information Theory of Asset Price Distributions
Orlin J. Grabbe

Can Money Matter?
Richard Startz
(Journal of Monetary Economics, Vol. 13, Issue 3, May 1984)

Market Evidence on the Effective Maturity of Bank Assets and Liabilities
Mark Flannery and Christopher James
(Journal of Money, Credit and Banking, Vol. 16, No. 4, Part 1, November 1984)

The Pricing of Call and Put Options on Foreign Exchange
Orlin J. Grabbe
(Journal of International Money and Finance, Vol. 2, Issue 3, December 1983)

Why do Companies Pay Dividends?
Joel Hasbrouck and Irwin Friend

An Empitical Analysis of the Determinants of Intrajurisdictional Property Tax Payment Inequities
Dong Hoon Chun and Peter Linneman
(Journal of Urban Economics, Vol. 18, Issue 1, July 1985)

Resource Distribution Effects of New York City Rent Control Programs
Peter Linneman
(Journal of Urban Economics, Vol. 22, Issue 1, July 1987)

Inflation and Miller’s Model of Capital Structure
Jeffrey Jaffe
(Journal of Financial and Quantitative Analysis, Vol. 20, No. 1, March 1985)

Biases in Computed Returns: An Application to the Size Effect (Revision of 2-83)
Marshall Blume and Robert Stambaugh
(Journal of Financial Economics, Vol. 12, Issue 3, November 1983)

Bank Dividend Policy and the Prediction of Future Bank Accounting Returns
Michael Smirlock and William Marshall

Alternative Duration Specifications and the Measurement of Basis Risk: Empirical Tests
Bulent Gultekin and Richard Rogalski
(Journal of Business, Vol. 57, No. 2, April 1984)

Expectations of Real Interest Rates and Aggregate Consumption: Synthesis and Tests
Wayne Ferson

A Note on ‘Why do Companies Pay Dividends?’
Isik Inselbag

No paper was published under this number

Stock Market Seasonality: International Evidence
Mustafa Gultekin and Bulent Gultekin
(Journal of Financial Economics, Vol. 12, Issue 4, December 1983)

A Critical Reexamination of the Empirical Evidence on the Arbitrage Pricing Theory
Phoebus Dhrymes, Irwin Friend and Bulent Gultekin
(Journal of Finance, Vol. 39, No. 2, June 1984)

Market Model Stationarity and Timing of Structural Change
Chi-Wen Jevons Lee

The Speed of Adjustment of Financial Ratios: An Error-in-Variable Problem
Chi-Wen Jevons Lee
(The Financial Review, Vol. 20, No. 4, November 1985)

See revised version 13-84

General Equilibrium Properties of the Term Structure of Interest Rates
Simon Benninga and Aris Protopapadakis
(Journal of Financial Economics, Vol. 16, Issue 3, July 1986)

A Survey Study of the Leveraged Buyout Market: Entrepreneur-Senior Lender Relationships
Bulent N. Gultekin and Joel Hasbrouck