List of Contributors vii Preface xi Differential Information and the Small-Firm Effect 1(12) Arthur J. Keown Arthur D. Neustel John M. Pinkerton Forecasting Exchange Rates with Learning: Kalman Filter Versus Martingale 13(12) Cheol S. Eun Inbong Ha Multifactor Pricing Model with Macroeconomic Variables 25(24) D. Chinhyung Cho Simon J. Pak Arbitrage Pricing in a Finite Economy When There is Differential Parameter Uncertainty 49(12) Puneet Handa The Pricing of European Options on Discretely Traded Assets 61(22) Jin-Chuan Duan Arthur F. Moreau C. W. Sealey Stock Price Elasticity of Option Premium 83(8) Pu Liu Charmen Loh Deriving Option-Pricing Models: A Synthesis 91(16) James Ang Tsong-yue Lai The Nature of Short Selling 107(10) Trevor W. Chamberlain C. Sherman Cheung Clarence C. Y. Kwan How to Diversify the Tax-Sheltered Equity Fund 117(10) Jongmoo Jay Choi Frank J. Fabozzi Uzi Yaari A Model for Optimal Portfolio Selection Without Involving Utility Functions: Theory and Implications 127(16) Paul J. Tsai Chang-tseh Hsieh Cheng-Few Lee A Practical Procedure for Optimal Portfolio Selection Under Differential Taxation 143(12) Son-Nan Chen S. J. Chang Limited Liability and Diversification: The Case of Delegated Portfolio Management 155(24) Lalatendu Misra Stephen D. Smith Empirical Estimates of the Zero-Coupon Yield Curve 179(18) George Jabbour Ashok Vora Time Diversification Revisited 197(18) Bernard J. Winger Nancy Mohan M. Fall Ainina Interval Effects and Simple Rules for Optimal Portfolio Selection 215(10) Son-Nan Chen N. Subramanian Stock Prices, Inflation, and Money Supply: A Reexamination 225(28) Samuel B. Bulmash Market Risk Premiums Under Uncertain Inflation: Theory and Evidence 253(12) Chen-Chin Chu Cheng-Few Lee K. C. John Wei Seasonality in Corporate Bond Default and Term Premia 265(14) Steven V. Mann Donald P. Solberg Portfolio Selection and an Optimal Cutoff Probability in Predicting Takeover Targets 279 M. Andrew Fields
