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Contents:
2431-2465 A Theory of Bank Capital
Douglas W. DiamondRaghuram G. Rajan
2467-2498 Time and the Price Impact of a Trade
Alfonso DufourRobert F. Engle
2499-2536 A Theory of Dividends Based on Tax Clienteles
Franklin AllenAntonio E. BernardoIvo Welch
2537-2564 The Dark Side of Internal Capital Markets: Divisional Rent-Seeking and Inefficient Investment
David S. ScharfsteinJeremy C. Stein
2565-2598 Competition on the Nasdaq and the Impact of Recent Market Reforms
James P. Weston
2599-2640 Hostility in Takeovers: In the Eyes of the Beholder?
G. William Schwert
2641-2692 Conflicts of Interest and Market Illiquidity in Bankruptcy Auctions: Theory and Tests
Per Strömberg
2693-2717 Depositary Receipts, Country Funds, and the Peso Crash: The Intraday Evidence
Warren BaileyKalok ChanY. Peter Chung
2719-2745 Investment Plans and Stock Returns
Owen A. Lamont
2747-2766 Information Asymmetry, R&D, and Insider Gains
David AboodyBaruch Lev
2767-2789 The Impact of Global Equity Offerings
Susan ChaplinskyLatha Ramchand
2791-2815 Corporate Equity Ownership, Strategic Alliances, and Product Market Relationships
Jeffrey W. AllenGordon M. Phillips
2817-2840 The Relation between Stock Market Movements and NYSE Seat Prices
Donald B. KeimAnanth Madhavan
2841-2861 Reduction of Constraints on Arbitrage Trading and Market Efficiency: An Examination of Ex-Day Returns in Hong Kong after Introduction of Electronic Settlement
Palani-Rajan Kadapakkam
2863-2878 Explaining the Poor Performance of Consumption-based Asset Pricing Models
John Y. CampbellJohn H. Cochrane
2879-2902 The Information Value of Bond Ratings
Doron KligerOded Sarig
2903-2922 Price Discovery in Initial Public Offerings and the Role of the Lead Underwriter
Reena AggarwalPat Conroy
2923-2930 Miscellanea
2931-2935 Index to Volume LV
2936-2939 Announcements
2940-2941 Association Meetings