<FONT color=#999999>Judging Fund Managers by the Company They Keep
RANDOLPH B. COHEN, JOSHUA D. COVAL, and ˘LUBO˘s P&acute; ASTOR</FONT>


<P>Finance and the Business Cycle: International, Inter-Industry Evidence
MAT&acute;IAS BRAUN and BORJA LARRAIN</P>
<P>Debt Dynamics
CHRISTOPHER A. HENNESSY and TONI M. WHITED </P>
<P>Housing Collateral, Consumption Insurance, and Risk Premia:
An Empirical Perspective
HANNO N. LUSTIG and STIJN G. VAN NIEUWERBURGH </P>
<P>What Explains the Stock Market’s Reaction to Federal Reserve Policy?
BEN S. BERNANKE and KENNETH N. KUTTNER</P>
<P>Do Bank Relationships Affect the Firm’s Underwriter Choice
in the Corporate-Bond Underwriting Market?
AYAKO YASUDA</P>
<P>Demand–Deposit Contracts and the Probability of Bank Runs
ITAY GOLDSTEIN and ADY PAUZNER</P>
<P>The Theory of Bank Risk Taking and Competition Revisited
JOHN H. BOYD and GIANNI DE NICOL&acute;O</P>
<P>The Choice of Payment Method in European Mergers and Acquisitions
MARA FACCIO and RONALD W. MASULIS</P>
<P>Institutional Holdings and Payout Policy
YANIV GRINSTEIN and RONI MICHAELY</P>
<P>Are Firms Underleveraged? An Examination of the Effect
of Leverage on Default Probabilities
CARLOS A. MOLINA</P>
<P>To Steal or Not to Steal: Firm Attributes, Legal Environment,
and Valuation
ART DURNEV and E. HAN KIM</P>
<P>What Determines the Domestic Bias and Foreign Bias? Evidence
from Mutual Fund Equity Allocations Worldwide
KALOK CHAN, VICENTIU COVRIG, and LILIAN NG
</P>