Articles

1061  Do Stock Mergers Create Value for Acquirers?

 Pavel G. Savor and Qi Lu

1099  Level Playing Fields in International Financial Regulation

Alan D. Morrison and Lucy White

1143  Bank Loan Supply，Lender Choice，and Corporate Capital Structure

      Mark T. Leary

1187  Information Immobility and the Home Bias Puzzle

         Stijn Van Nieuwerburgh and Laura Veldkamp

1217　International Taxation and the Direction and Volume of Cross-Border M&As

 Harry P. Huizinga and Johannes Voget

1251　Determinants of Vertical Integration：Financial Development and Contracting Costs

         Daron Acemoglu，Simon Johnson，and Todd Mitton

1291　Eat or Be Eaten：A Theory of Mergers and Firm Size

         Gary Gorton，Matthias Kahl，and Richard J. Rosen

1345　Oil Futures Prices in a Production Economy with Investment Constraints

         Leonid Kogan，Dmitry Livdan，and Amir Yaron

1377　The Price of Correlation Risk：Evidence from Equity Options

         Joost Driessen，Pascal J. Maenhout，and Grigory Vilkov

1407　IPO Underpricing over the Very Long Run

         David Chambers and Elroy Dimson

1445　Trading Costs and Returns for U.S. Equities：Estimating Effective Costs from Daily Data

         Joel Hasbrouck

1479　Rank-Order Tournaments and Incentive Alignment：The Effect on Firm Performance

         Jayant F. Kale，Ebru Reis，and Anand Venkateswaran

1543　Miscellanea