J ECO BUSN 1991; 43:403 Volume 43 Author Index Bar-Yosef, S., 197 Levy, I., 375 Bark, H.-K. K., 353 Maggs, G. E., 253 Baum, C. F., 241 McFadyen, J., 79 Bond, M. T., 165 Mitchell, D. W., 193 Caples, S., 157 Mougoue, M., 165 Chang, S. J., 179 Muller, E., 25 Chen, S.-N., 179 Murphy, J. A., 37 Chiang, T. C., 329 Neftci, S. N., 23! Choudhry, T., 59 Officer, D. T., 49 Devaney, M., 79 Petry, G., 99 Dheeriya, P. L., 87 Pickerill, K., 79 Dua, P., 133 Placone, D., 59 Dufey, G., 339 Rahman, A. K. M. M., 157 Durden, G. C., 265 Reinhart, V., 115 Eaker, M., 363 Rose, J. T., 215 Ellis, L. V., 265 Safizadeh, H., 389 Eun, C. S., 283 Sander, W., 69 Fatemi, A., 389 Santomero, A. M., | Giraldi, C., 309 Schaefer, S. M., 287 Glascock, J. L., 49 Schaeffer, P. V., 69 Grant, D., 363 Settle, J., 99 Hamaui, R., 309 Shah, V., 49 Harrison, W. B., 271 Swary, I., 25 Hauser, S., 375 Theodossiou, P., 231 Henderson, G. V., Jr., 49 Thies, C. F., 241 Iqbal, Z., 87 Trigeorgis, L., 143 Jeon, B. N., 329 Vanezia, I., 197 Kaplanis, E., 287 Wallace, M., 59 Kazemi, H. B., 339 Wolken, J. D., 215 Klock, M. 241 Woodard, N., 363 Landskroner, Y., 25 Journal of Economics and Business 0148-6195 /91/$03.50 © 1991 Temple University J ECO BUSN 1991; 43:405-406 Volume 43 Subject Index Acquisitions, relationship of managers’ equity stake Education, expenditures, effect on employment to takeover gains, 99-114. changes, 69-77. Bivariate autoregressive system, as test of expec- Employment changes, effect of education expen- tations theory of term structure, 79-85. ditures on, 69-77. Bond portfolios, exhange risk and international Energy price change, direct and indirect effects, diversification in, 287-307. 115-132. Borrowing, international diversification of, and Energy shock, reading effects of in financial markets, foreign exchange market liberalization, 309- 115-132. 327. Equity portfolios, exchange risk and international Bureau of Economic Analysis, stochastic nature of diversification in, 287-307. early estimates of GNP, 231-239. Exchange controls, logit methodology for predicting BVAR, see Bivariate autoregressive system. imposition of, 389-401. Cash flows, future, earnings reports and dividends Exchange rate as two main sources of information concerning, devaluation, and labor-exporting economy, 157- 197-214. 164. effect on international fixed-income portfolios, Common orthogonalization, invariance of results 375-388. under, 193-196. Exchange risk, in bond and equity portfolios, 287- Common stock returns, information effects of 307. earnings and dividend announcements on, 179- 192. Expectations theory, term structure, 79-85. Competitive environment, competetive, optimal Federal Reserve district directors, 271-282. timing of project initiation in, 143-156. Financial equilibrium, and tax evasion, 25-32. Contracts, forward exchange, and incomplete Fisher effect, changes in 1980s, 59-68. information, 339-352. Foreign exchange market liberalization, and inter- Diversification, international national diversification of borrowing, 309-327. and hedging, 363-374. in bond and equity portfolios, 287-307. Forward exchange contracts, and incomplete infor- mation, 339-352. Dividend announcements, information effects of on common stock returns, 179-192. Gross national product, stochastic nature of BEA’s early estimates, 231-239. Dividend policy corporate, and partial adjustment model, 165-178 Hedging, and international diversification, 363-374. determination of, and earnings information, Income, underreporting, 25-32. 197-214. Information, incomplete, and forward exchange Dominant banks, market power of and out-of- contracts, 339-352. market productive capacity, 215-229. Interest rate risk, effect on international fixed-in- Earnings, information effects of on common stock come portfolios, 375-388. returns, 179-192. Interest Earnings information, and determination of divi- nominal rate, Fisher effect, 59-68. dend policy, 197-214. rates, term structure of, 133-142. Economists, ranking of journals, 265-270. Journals, ranking of by economists, 165-170. Journal of Economics and Business 0148-6195/91 /$03.50 © 1991 Temple University Index Labor-exporting economy, and migration, 157-164. Preemptive competitive environment, optimal timing of project initiation in, 143-156. Lintner’s partial adjustment model, and corporate dividend policy 165-178. Productive capacity, out-of-market, and market power of dominant banks, 215-229. Logit methodology, for predicting imposition of exchange controls, 389-401. Project initation, optimal timing of in preemptive competitive environment, 143-156. Managers’ equity stake, relationship of to takeover gains, 99-114. Risk reduction, through diversification, Japan and US., 363-374. Market interest rates, relationship with number of MMMF offered, 153-163. Schooling attainment, effect on employment changes, 69-77. Market model, comparison with SRCM using mer- gers as an event, 87-93. SCPE, see Standardized cumulative prediction error. Market pricing, option pricing model of mortgage- backed securities as good indicator of, 37-47. SRCM, see Swamy’s random coefficient regression model. Migration, and labor-exporting economy, 157-164. Standardized cumulative prediction error test sta- MMMF, see Money market mutual funds. tistic, sensitivity of, 49-57. Monetary deregulation, and sensitivity of nominal Stock prices, common stochastic trends in world interest rates to inflation, 59-68. stock exchanges 1975-1990, 329-338. Money market mutual funds Swamy’s random coefficient regression model, com- depository disintermediation and the equili- parison with market model using mergers as brium quantity, 253-263. an event, 87-93. relationship with market interest rates, 153-163. Takeover gains, relationship to managers’ equity Money supply announcements, unexpected, retro- stake in acquiring firm, 99-114. spective, 1-23. Tax evasion, and financial equilibrium, 25-32. Mortgage-backed securities, empirical test of option pricing model, 37-47. Term premia, factors influencing, 133-142. Oil price change, dynamics response to, 115-132. Term Structure expectations theory, 79-85. Option pricing model of interest rates, 133-142. mortgage-backed securities, empirical test, 37-47 superiority over static pricing models, 37-47. Tobin’s g and measurement error, 241-252. Orthogonalization, common, invariance of results Treasury under, 193-196. Treasury-bill rates, effects of money supply an- Out-of-market productive capacity, and market nouncements on over different periods, 1-23. power of dominant banks, 215-229. Treasury-bond rates, effects of money supply an- Partial adjustment model, and corporate dividend nouncements on over different periods, 1-23. policy, 165-178. World stock exchanges Portfolio risk reduction, relationship between in- globalization of, 329-338. terest rate and currency risk and their system of stock prices, stochastic trends for 1975- cumulative effect, 375-388. 1990, 329-338. Portfolios, international fixed-income, effect of ex- Yield curve, effect of unexpected money supply an- change rate and interest rate risk on, 375-388. nouncements, 1-23.