The Journal of Finance

Articles

1529  Presidential Address: Issuers, Underwriter Syndicates, and Aftermarket Transparency

Richard C. Green

1551  Pay Me Later: Inside Debt and Its Role in Managerial Compensation

         Rangarajan K. Sundaram and David L. Yermack

1589  Working Orders in Limit Order Markets and Floor Exchangs

         Kerry Back and Shmuel Baruch

1623  Lazy Investors, Discretionary Consumption, and the Cross-Section of Stock Returns

         Ravi Jagannathan and Yong Wang

1663　Equilibrium Exhaustible Resource Price Dynamics

 Murray Carlson, Zeigham Khokher, and Sheridan Titman

1705　How Costly Is External Financing? Evidence from a Structural Estimation

         Christopher A. Hennessy and Toni M. Whited

1747　Do Tests of Capital Structure Theory Mean What They Say?

         Ilya A. Strebulaev

1789　Corporate Governance and Firm Value: The Impact of the 2002 Governance Rules

         Vidhi Chhaochharia and Yaniv Grinstein

1827　The Takeover Deterrent Effect of Open Market Share Repurchases

         Matthew T. Billett and Hui Xue

1851　Corporate Governance and Acquirer Returns

         Ronald W. Masulis, Cong Wang, and Fei Xie

1891　Incentive Effects of Stock and Option Holdings of Target and Acquirer CEOs

         Jie Cai and Anand M. Vijh

1935　Executive Financial Incentives and Payout Policy: Firm Responses to the 2003 Dividend Tax Cut

         Jeffrey R. Brown, Nellie Liang, and Scott Weisbenner

1967　Sports Sentiment and Stock Returns

         Alex Edmans, Diego García, and Øyvind Norli

1999  Rational Inattention and Portfolio Selection

         Lixin Huang and Hong Liu

Reports of the American Finance Association

2041  Report of the Editor of The Journal of Finance for the Year 2006

         Campbell R. Harvey

2053  Minutes of the Annual Membership Meeting

         David H. Pyle

2055  Report of the Executive Secretary and Treasurer

         David H. Pyle

2057　Miscellanea