Papers 1984

Working Papers 1984

See revised version 10-84

Capital Budgeting Under Uncertainty: The Issue of Optimal Timing
Chi-Wen Jevons Lee and Christopher R. Petruzzi
(Journal of Business Finance and Accounting, Vol. 15, Issue 2, June 1988)

The Effect of a Reduction in Corporate Taxes on Investments in Risk-free and Risky Assets
Marshall E. Blume and Irwin Friend

Risk and the Optimal Debt Level
Jeffrey Jaffe and Randolph Westerfield

Lifetime Portfolio Selection and Information
Jerome De Temple

Choice of Inventory Accounting Methods: A Ricardian Model
Chi-Wen Jevons Lee and David Hsieh
(Journal of Accounting Research, Vol. 23, No. 2, Autumn 1985)

The Information Content of Financial Columns
Chi-Wen Jevons Lee and Alfredo Moreno
(Journal of Economics and Business, Vol. 38, Issue 1, February 1986)

Stochastic Properties of Cross-Sectional Financial Data
Chi-Wen Jevons Lee
(Journal of Accounting Research, Vol. 23, No. 1, Spring 1985)

Inflation, Inventory Accounting Methods and Stock Returns
Chi-Wen Jevons Lee

An Empirical Examination of the Implications of the Arbitrage Pricing Theory (Revision of 1-84)
Phoebus Dhrymes, Irwin Friend, Bulent Gultekin and Mustafa Gultekin
(Journal of Banking and Finance, Vol. 9, Issue 1, March 1985)

New Tests of the APT and their Implications
Phoebus Dhrymes, Irwin Friend, Bulent Gultekin and Mustafa Gultekin
(Journal of Finance, Vol. 42, No. 5, December 1987)

The Pricing of Treasury Bond Futures: The Quality Variation
Simon Benninga and Michael Smirlock

Government Bond Returns, Measurement of Interest Rate Risk and the Arbitrage Pricing Theory (Revision of 21-83)
Bulent N. Gultekin and Richard Rogalski
(Journal of Finance, Vol. 40, No. 1, March 1985)

The Law of One Price in International Commodity Markets: A Reformulation and Some Formal Tests
Aris Protopapadakis and Hans Stoll
(Journal of International Money and Finance, Vol. 5, Issue 3, September 1986)

Government Debt, the Money Supply, and Inflation; Theory and Evidence for Seven Industrialized Economies
Aris Protopapadakis and Jeremy Siegel
(Journal of International Money and Finance, Vol. 6, Issue 1, March 1987)

On the Optimality of Portfolio Insurance
Simon Benninga and Marshall Blume
(Journal of Finance, Vol. 40, No. 5, December 1985)

Partial Deposit, Bank Runs and Private Deposit Insurance
George Pennacchi

Optimal Financial Structure in Exchange Economies
Joseph Haubrich
(International Economic Review, Vol. 29, No. 2, May 1988)

Statistical Tests of Contingent Claims Asset-Pricing Models: A New Methodology (Revised: 10-85)
Andrew W. Lo
(Journal of Financial Economics, Vol. 17, Issue 1, September 1986)

Monetary Targets, Real Exchange Rates and Macroeconomic Stability
Alessandro Penati
(European Economic Review, Vol. 28, Issue 1-2, June-July 1985)

Value Maximization and Earnings Management Via Accounting Techniques
Nicholas Gonedes and Meier Schneller

On the Quality of Accounting Services Under Alternative Market Structures
Nicholas Gonedes and Kihlstorm, Richard

The Social Value of Asymmetric Information
Franklin Allen

Capital Structure and Imperfect Competition in Product Markets (Revised: 20-85 and 11-87)
Franklin Allen

Factors Affecting Capital Formation
Marshall Blume, Irwin Friend and Randolph Westerfield

Risk and Return Characteristics of Lower-Grade Bonds
Marshall Blume and Donald B. Keim
(Financial Analysts Journal, Vol. 43, No. 4, July-August 1987)