Journal of Finance

1946 - 2025

From American Finance Association
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Volume 29, issue 5, 1974

Rate Ceilings, Market Structure, and the Supply of Finance Company Personal Loans pp. 1363-82

Douglas F Greer

On the Effects of Statutory Interest Rate Ceilings pp. 1383-95

Kenneth L Avio

Growth, Consolidation and Mergers in Banking pp. 1397-1405

Stephen A Rhoades and Alexander J Yeats

Market Power, Profitability and Financial Leverage pp. 1407-14

Timothy G Sullivan

Efficient Estimation of Multivariate Financial Relationships pp. 1415-23

Richard G Marcis and V. Smith

The Interest-Induced Wealth Effect and the Behavior of Real and Nominal Interest Rates pp. 1425-35

Burton Zwick

Stock Price Dependencies and the Valuation of Risky Assets with Discontinuous Temporal Returns pp. 1437-48

Jeffrey F Jaffe and Larry J Merville

An Empirical Examination of Factors which Influence Warrant Prices pp. 1449-66

David F Rush and Ronald W Melicher

The Refunding Decision in Near Perfect Markets pp. 1467-77

Richard Kolodny

An Evaluation of the Empirical Significance of Optimal Seeking Algorithms in Portfolio Selection pp. 1479-90

R Burr Porter and Roger P Bey

On the Assessment of Risk: Some Further Considerations pp. 1491-94

Jerome B Baesel

Comparative Analysis of Risk Measures: France and the United States pp. 1495-1511

Edward Altman, Bertrand C Jacquillat and Michel Levasseur

The Impact of Bank Portfolio Decisions on the Balance of Payments: The German Experience pp. 1513-22

Rolf Mirus

Monetary Equilibrium and International Reserve Flows in Australia pp. 1523-30

Richard Zecher

The Yield Spread of New Issues of Corporate Bonds pp. 1531-43

Louis H Ederington

Home Mortgage Delinquencies: A Cohort Analysis pp. 1545-48

George von Furstenberg and R Jeffery Green

Pension Plan Liabilities and Corporate Financial Strategies pp. 1549-64

Irwin Tepper and A R P Affleck

A Note on the Uselessness of Transaction Demand Models pp. 1565-72

Daniel Orr

A Note on Mao's Growth Stock-Investment Opportunities Approach pp. 1573-76

Walton Taylor

An Overdue Note on Some "Ancient but Popular" Literature pp. 1577-80

Case M Sprenkle

A Note on the Cost of Trade Credit and the Discriminatory Effects of Monetary Policy pp. 1581-82

Richard H Keehn

Capital Budgeting under Uncertainty: A Reformation: Comment pp. 1583-84

Richard C Stapleton

Capital Budgeting under Uncertainty: A Reformation: Reply pp. 1585

Bierman, Harold, and Jerome E Hass

Volume 29, issue 4, 1974

Rising Interest Rates and Cost Push Inflation pp. 1049-61

Steven A Seelig

Excess Demand, Undercapitalization, and the True Interest Rate for Credit Union Loans in Unorganized Money Markets pp. 1063-76

Holmes, David N,

A Structural Study of the Income Velocity of Circulation pp. 1077-86

John M Mason

A Factor Analysis Approach to Determining the Relative Endogeniety of Trade Credit pp. 1087-1103

Anthony F Herbst

The Interest Sensitivity of the Flow of Funds through Life Insurance Companies: An Econometric Analysis pp. 1105-21

James Pesando

The Start-Up Experience of Minority-Owned Commercial Banks: A Comparative Analysis pp. 1123-41

John T Boorman and Myron L Kwast

Money and Income: The View from the Government Budget Restraint pp. 1143-48

Frank G Steindl

A Note on the Interest Elasticity of the Transactions Demand for Cash pp. 1149-52

Kenneth Lewis

Cost of Capital for a Division of a Firm pp. 1153-63

Myron J Gordon and Paul J Halpern

On the Existence of a Cost of Capital under Pure Capital Rationing pp. 1165-73

R M Burton and W W Damon

Market Equilibrium and Corporation Finance: Some Issues pp. 1175-88

Prem Kumar

Growth, Dividend Policy and Capital Costs in the Electric Utility Industry pp. 1189-1201

Robert C Higgins

The Lease-or-Buy and Asset Acquisition Decisions pp. 1203-14

Lawrence D Schall

A Note on the Apparent Bias of Net Revenue Estimates for Capital Investment Projects pp. 1215-16

Keith C Brown

Information Exchange in Security Markets and the Assumption of "Homogeneous Beliefs" pp. 1217-27

Peter S Albin

The Elasticity of Financial Assets pp. 1229-40

Robert A Haugen and Dean W Wichern

Capital Market Imperfections and the Composition of Optimal Portfolios pp. 1241-53

Marshall Sarnat

Toward the Development of Client-Specified Valuation Models pp. 1255-63

H Kent Baker and John A Haslem

Portfolio Theory when Investment Relatives are Lognormally Distributed pp. 1265-73

Edwin J Elton and Martin J Gruber

An Examination of the Yields of Corporate Bonds and Stocks pp. 1275-86

Richard L Norgaard

Correcting the Yield Curve: A Re-Interpretation of the Duration Problem pp. 1287-94

J L Carr, Paul J Halpern and J S McCallum

Citation Patterns in Finance Journals pp. 1295-1301

Paul W Hamelman and Edward M Mazze

Error Rates in CRSP and Compustat Data Bases and their Implications pp. 1303-10

Barr Rosenberg and Michel Houglet

The Relationship among Equity Markets: Comment pp. 1311-17

Michael Adler and Reuven Horesh

The Relationship among Equity Markets: Reply pp. 1318-19

Tamir Agmon

A Time Series Analysis of Post-Accord Interest Rates: Comment pp. 1320-25

John E Pippenger

Post Accord Interest Rates: A Reply pp. 1326-27

V. Smith and Richard G Marcis

Volume 29, issue 3, 1974

Marketability of Common Stocks in Canada and the U.S.A.: A Comparison of Agent versus Dealer Dominated Markets pp. 729-46

Seha Tinic and Richard R West

Financing Black Enterprise pp. 747-61

Timothy Bates

Credit Availability and Economic Decisions: Some Evidence from the Mortgage and Housing Markets pp. 763-77

Allan Meltzer

The Capital Decision in Commercial Banks pp. 779-95

John J Pringle

An Index for Evaluating Financial Performance pp. 797-814

L Shashua and Y Goldschmidt

Application of the Decomposition Principle to the Capital Budgeting Problem in a Decentralized Firm pp. 815-27

Willard T Carleton, Glen Kendall and Sanjiv Tandon

The Dynamics of Corporate Capital Budgeting pp. 829-45

Richard R Spies

A Limited-Diversification Portfolio Selection Model for the Small Investor pp. 847-56

Nancy L Jacob

Long-Term Growth in a Short-Term Market pp. 857-85

Eugene Fama and James D MacBeth

Efficient Capital Markets and the Quantity Theory of Money pp. 887-908

Richard V L Cooper

The Supply of Money and Common Stock Prices: Further Observations on the Econometric Evidence pp. 909-21

James Pesando

Temporal Cross-Section Specifications of the Demand for Demand Deposits pp. 923-40

Edgar Feige

Bank Credit and the Money Stock: Their Roles in the Determination of Income in the Post Accord Period pp. 941-54

Hunt, Lacy H,

The Upward Sloping IS Curve and the Control of Income and the Balance of Payments pp. 955-61

Paul Burrows

Need Interest Rates on Bank Loans and Deposits Move Sympathetically? pp. 963-71

Stuart I Greenbaum and Mukhtar M Ali

A Discriminant Analysis of Economic, Demographic, and Attitudinal Characteristics of Bank Charge-Card Holders: A Case Study pp. 973-80

Robert Y Awh and D Waters

Company Contributions to Discretionary Profit-Sharing Plans: A Quantitative Approach pp. 981-94

James P Monahan and Kenneth B Monahan

A Note on Discounting the Components of an Income Stream pp. 995-99

Fred D Arditti

A Note on the Balance of Payments Effects on the U.S. Capital Controls Program: Simulation Estimates pp. 1001-05

Sung Y Kwack

A Note on the Algebraic Equivalence of the Holt and Malkiel Models of Share Valuation pp. 1007-10

James M Warren

Conglomerate Performance Measurement: Comment pp. 1011-12

J Fred Weston and Surendra K Mansinghka

Conglomerate Performance Measurement: Reply pp. 1013-15

Samuel R Reid

Financial Disintermediation in a Macroeconomic Framework: Comment pp. 1016-19

Myron B Slovin

Volume 29, issue 2, 1974

The Economic and Finance Literature and Decision Making pp. 313-22

Sherman J Maisel

Reflections on Political Economy pp. 323-30

George P Shultz

Policy Implications of a Flow-of-Funds Model pp. 331-47

James S Duesenberry and Barry Bosworth

Short-Term Financial Models at the Federal Reserve Board pp. 349-57

James L Pierce and Thomas D Thomson

The Flow of Funds and Interest Rates-I: U.S. Financial Models: Discussion pp. 358-60

Stephen M Goldfeld

The Flow of Funds and Interest Rates-I: U.S. Financial Models: Discussion pp. 360-63

Allan Meltzer

The International Pricing of Risk: An Empirical Investigation of the World Capital Market Structure pp. 365-78

B H Solnik

World, National, and Industry Factors in Equity Returns pp. 379-91

Donald Lessard

Capital Asset Pricing Models in an International Context: Discussion pp. 392-95

Wallingford, Buckner A,

Capital Asset Pricing Models in an International Context: Discussion pp. 395-98

James L Bicksler

From Theory to a New Financial Product pp. 399-412

Fischer Black and Myron Scholes

The Individual Investor: Attributes and Attitudes pp. 413-33

Ronald C Lease, Wilbur G Lewellen and Gary G Schlarbaum

Individual Investors and Mutual Funds: Discussion pp. 434-38

John G McDonald

The Economic Determinants of Systematic Risk pp. 439-47

Alexander A Robichek and Richard A Cohn

On the Pricing of Corporate Debt: The Risk Structure of Interest Rates pp. 449-70

Robert Merton

The Value of Information and the Optimal Governmental Guarantee on its Agencies' Issues pp. 471-84

Robert H Edelstein

Risk, Information and Capital Budgeting: Discussion pp. 485-88

Long, John B,

Risk, Information and Capital Budgeting: Discussion pp. 488-92

Lawrence Fisher

Adaptation, Information, and Dependence in Commodity Markets pp. 493-98

Terrence F Martell and George C Philippatos

Stochastic Demand, Output and the Cost of Capital pp. 499-506

Michael S Long and George A Racette

The Tokyo Stock Exchange and the Capital Asset Pricing Model pp. 507-14

Sheila C Lau, Stuart R Quay and Carl M Ramsey

Portfolio Analysis under Uncertain Means, Variances, and Covariances pp. 515-22

Christopher B Barry

Finance and Investment: Refereed Papers I: Discussion pp. 523-26

George E Pinches

Entry, Control and the Market for Bank Charters pp. 527-35

Stuart I Greenbaum and Mukhtar M Ali

Systematic Risk, Financial Data, and Bond Rating Relationships in a Regulated Industry Environment pp. 537-44

Ronald W Melicher and David F Rush

Investor Evaluation of Foreign and Domestic Risk pp. 545-50

Alan K Severn

The Price Adjustment Process of Bonds to Rating Reclassifications: A Test of Bond Market Efficiency pp. 551-59

Steven Katz

Finance and Investment: Refereed Papers II: Discussion pp. 560-63

Victor L Andrews

Debt Management and the Form of Business Financing pp. 565-77

William L White

A Programming Approach to Corporate Financial Management pp. 579-99

Stewart C Myers and Gerald A Pogue

Capital Budgeting of Risky Projects with "Imperfect" Markets for Physical Capital pp. 601-13

Marcus C Bogue and Richard Roll

Corporate Finance and Capital Budgeting: Discussion pp. 614-16

Richard S Bower

Link Model Simulations of International Trade: An Evaluation of the Effects of Currency Realignment pp. 617-30

Keith N Johnson and Lawrence Klein

The Balance of Payments and Policy Mix: Simulations Based on a U.S. Model pp. 631-54

Peter Kenen

The Trade Effects of Direct Investment pp. 655-76

Michael Adler and Guy V G Stevens

International Trade and Finance: Balance of Payments and International Investment: Discussion pp. 677-80

C. Fred Bergsten

International Trade and Finance: Balance of Payments and International Investment: Discussion pp. 680-82

Helen B Junz

What Should Housing Policies Be? pp. 683-98

John Kain

What Should U.S. Housing Policies Be? pp. 699-721

Frank de Leeuw

Volume 29, issue 1, 1974

Interactions of Corporate Financing and Investment Decisions-Implications for Capital Budgeting pp. 1-25

Stewart C Myers

Generalized Mean-Variance Tradeoffs for Best Perturbation Corrections to Approximate Portfolio Decisions pp. 27-40

Paul Samuelson and Robert Merton

Market Access, Uncertainty, and Reserve-Position Adjustments of Large Commercial Banks in the 1960's pp. 41-56

Roger H Hinderliter

Money Creation and the Theory of the Banking Firm pp. 57-72

Richard E Towey

A Cross Section Study of the Demand for Money: The United States, 1960-62 pp. 73-88

Richard E Peterson

A Model of the Demand for Money by Households pp. 89-102

Anthony M Santomero

A Financial Sector Analysis of the Eurodollar Market pp. 103-17

Jay H Levin

The Cost of Capital and Valuation of a Two-Country Firm pp. 119-32

Michael Adler

A Model for the Integration of Credit and Inventory Management pp. 133-40

Michael Schiff and Zvi Lieber

Evidence on the Acquisition-Related Performance of Conglomerate Firms pp. 141-49

Ronald W Melicher and David F Rush

Predicting De Novo Expansion in Bank Merger Cases pp. 151-62

Gary G Gilbert

The Profitability of Multibank Holding Company Acquisitions pp. 163-74

Thomas R Piper and Steven J Weiss

The Joint Determination of Portfolio and Transaction Demands for Money pp. 175-86

Andrew H Y Chen, Frank C Jen and Stanley Zionts

The Relation of the Structure of Common Stock Prices to Historical, Expectational and Industrial Variables pp. 187-97

Frederick W Bell

A Note on the Return Behavior of High Risk Common Stocks pp. 199-202

Richard W McEnally

The Behavior of Investment Bankers: An Econometric Investigation pp. 203-15

Dennis E Logue and John R Lindvall

Some Factors Affecting Awareness of Annual Percentage Rates in Consumer Installment Credit Transactions pp. 217-25

George G C Parker and Robert P Shay

The Effects of State Usury Ceilings on Single Family Homebuilding pp. 227-35

Philip Robins

New Themes in Finance pp. 237-43

J Fred Weston

A General Solution to the Buy or Lease Decision: A Pedagogical Note pp. 245-50

Myron J Gordon

An Inter-Temporal Approach to the Optimization of Dividend Policy with Predetermined Investments: Comment pp. 251-53

Charles E Edwards and Stanley R Stansell

An Inter-Temporal Approach to the Optimization of Dividend Policy with Predetermined Investments: Comment pp. 254-57

Robert C Higgins

An Inter-Temporal Approach to the Optimization of Dividend Policy with Predetermined Investments: Comment pp. 258-59

Michael Brennan

Optimization of Dividend Policy and Capital Structure with Predetermined Investments: Comment pp. 260-63

Günter Franke

An Inter-Temporal Approach to the Optimization of Dividend Policy with Pre-Determined Investments: Reply pp. 264-66

Wallingford, Buckner A,

The Hunt Commission Report: A Further Comment pp. 267-69

Paul M Horvitz