These papers are working drafts of research which often appear in final form in academic journals. The published versions may differ from the working versions provided here.
SSRN Research Paper Series
The Social Science Research Network’s Research Paper Series includes working papers produced by Stanford GSB and the Rock Center.
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The Return on Called Bonds
This paper analyzes the experience of investors in refunded bonds during the 1970s. These bonds tended to provide a higher return than bonds of the same company which were not called. However, the investor suffered an opportunity loss on…
A Consumption-Oriented Explanation of Some Special Features or the International Bond Market
Abstract not available.
Currency Option Bonds, Puts and Calls on Spot Exchange and the Hedging of Contingent Foreign Earnings
Abstract not available.
Security Codings: Measuring Relative Attractiveness in Perfect and Imperfect Measures
Abstract not available.
The Effect of Personal Taxes and Dividends on Capital Asset Prices: Theory and Empirical Evidence
Abstract not available.
The Pricing of Commodity Futures Contracts, Nominal Bonds and Other Risky Assets under Commodity Price Uncertainty
Abstract not available.
The Term Structure of Interest Rates and Restrictions on the Supply of Treasury Securities
Abstract not available.
A Theory of the Term Structure of Interest Rates
Abstract not available.
An Inter-Industry Approach to Econometric Cost of Capital Estimation
Abstract not available.
Behavior of Default-Risk Premiums for Corporate Bonds and Commercial Paper
Abstract not available.
Common Stocks, Index Linked and Ordinary Bonds, Short Term Interest Rates and Inflation in France, 1960-1975
Rates of return on French common stocks have been below the returns on short-term loans for most holding periods from 1960-75. Furthermore, common stocks have provided negative real returns on average. In contrast, French index linked bonds and…
Competitive Bidding in the Underwriting of Public Utilities Securities
Abstract not available.
Divergent Rational Expectations Equilibrium in a Dynamic Model of a Futures Market
Abstract not available.
Elimination of the Double Taxation of Dividends and Corporate Financial Policy
Abstract not available.
Further Results on the Informational Efficiency of Competitive Stock Markets
Abstract not available.
On Distributional Restrictions for Two Fund Separation
Abstract not available.