11. |
Flattening of Bond Yield Curves for Long Maturities |
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The Journal of Finance,
Volume 37,
Issue 1,
1982,
Page 157-167
MILES LIVINGSTON,
SURESH JAIN,
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摘要:
ABSTRACTThe paper presents a theoretical proof that flattening of yield curves for par bonds is inevitable for long maturities. This proof implies that behavioral explanations of flattening are unnecessary. The proof also implies that the use of yields to maturity of coupon‐bearing bonds to estimate the true term structure (as well as forward rates) for long maturities has potentially infinite bias, suggesting that a greater effort should be made to directly estimate the true term structure in empirical wor
ISSN:0022-1082
DOI:10.1111/j.1540-6261.1982.tb01101.x
出版商:Blackwell Publishing Ltd
年代:1982
数据来源: WILEY
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12. |
Borrower Risk under Alternative Mortgage Instruments |
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The Journal of Finance,
Volume 37,
Issue 1,
1982,
Page 169-183
BRUCE G. WEBB,
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摘要:
ABSTRACTThis paper analyzes differences in borrower risk under alternative mortgage instruments and various borrower characteristics. The traditional approach of measuring borrower risk in terms of actual delinquency and foreclosure data is rejected in favor of a model based on potential delinquency—that is, changes in the mortgage payment to income ratio. The combinations of mortgage terms and borrower characteristics that are most likely to produce a potential delinquency are isolated based on the calculation of hypothetical payment to income ratios over an eight year perio
ISSN:0022-1082
DOI:10.1111/j.1540-6261.1982.tb01102.x
出版商:Blackwell Publishing Ltd
年代:1982
数据来源: WILEY
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13. |
Expectations Models of Asset Prices: A Survey of Theory |
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The Journal of Finance,
Volume 37,
Issue 1,
1982,
Page 185-217
STEPHEN F. LEROY,
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摘要:
ABSTRACTThis paper identifies restrictions on preferences under which various classes of “expectations” theories of asset prices—i.e., uncertainty models of asset prices which coincide with the corresponding certainty theory except that expected future prices replace actual future prices—are valid. Major classes of expectations models surveyed are martingale models, the expectations hypothesis of the term structure of interest rates, and models of exhaustible resources and futures markets. In each case the required restriction is related to the assumption of risk‐neutrality, but the precise nature of the required restriction is shown to differ significantly among the various classes of expectations
ISSN:0022-1082
DOI:10.1111/j.1540-6261.1982.tb01103.x
出版商:Blackwell Publishing Ltd
年代:1982
数据来源: WILEY
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14. |
The Administrative Costs of Corporate Bankruptcy: A Note |
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The Journal of Finance,
Volume 37,
Issue 1,
1982,
Page 219-226
JAMES S. ANG,
JESS H. CHUA,
JOHN J. MCCONNELL,
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ISSN:0022-1082
DOI:10.1111/j.1540-6261.1982.tb01104.x
出版商:Blackwell Publishing Ltd
年代:1982
数据来源: WILEY
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15. |
The Calculation of Implied Variances from the Black‐Scholes Model: A Note |
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The Journal of Finance,
Volume 37,
Issue 1,
1982,
Page 227-230
STEVEN MANASTER,
GARY KOEHLER,
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ISSN:0022-1082
DOI:10.1111/j.1540-6261.1982.tb01105.x
出版商:Blackwell Publishing Ltd
年代:1982
数据来源: WILEY
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16. |
Expectations, Tobin's q, and Investment: A Note |
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The Journal of Finance,
Volume 37,
Issue 1,
1982,
Page 231-236
HENRY W. CHAPPELL,
DAVID C. CHENG,
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ISSN:0022-1082
DOI:10.1111/j.1540-6261.1982.tb01106.x
出版商:Blackwell Publishing Ltd
年代:1982
数据来源: WILEY
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17. |
The Demand for Preferred Stock with Sinking Funds and Without: A Note |
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The Journal of Finance,
Volume 37,
Issue 1,
1982,
Page 237-241
ERIC H. SORENSEN,
CLARK A. HAWKINS,
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ISSN:0022-1082
DOI:10.1111/j.1540-6261.1982.tb01107.x
出版商:Blackwell Publishing Ltd
年代:1982
数据来源: WILEY
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18. |
BOOK REVIEWS |
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The Journal of Finance,
Volume 37,
Issue 1,
1982,
Page 243-253
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摘要:
Book reviewed in this article:A History of Retirement. By WILLIAM GRAEBNER.Investing in Securities: An Efficient Markets Approach. By SEHA M. TINIC and RICHARD R. WEST.Investment Analysis and Management. By ANTHONY J. CURLEY and ROBERT M. BEAR.Investment Analysis and Portfolio Management. By SID MITTRA and CHRIS GASSEN.Analytical Techniques for Financial Management. By JEROME S. OSTERYOUNG and DANIEL E. McCARTY.Financial Management: Theory and Strategies. By EDWIN H. NEAVE and JOHN C. WIGINTON.Managerial Finance: Theory and Techniques. By DENNIS J. O'CONNOR and ALBERTO T. BUESO.
ISSN:0022-1082
DOI:10.1111/j.1540-6261.1982.tb01108.x
出版商:Blackwell Publishing Ltd
年代:1982
数据来源: WILEY
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19. |
Miscellanea |
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The Journal of Finance,
Volume 37,
Issue 1,
1982,
Page 254-254
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ISSN:0022-1082
DOI:10.1111/j.1540-6261.1982.tb01109.x
出版商:Blackwell Publishing Ltd
年代:1982
数据来源: WILEY
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