Journal of Finance

1946 - 2025

From American Finance Association
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Volume 25, issue 5, 1970

An Extension of the Markowitz Portfolio Selection Model to Include Variable Transactions' Costs, Short Sales, Leverage Policies and Taxes pp. 1005-27

G A Pogue

Banking Services, Minimum Cash Balances, and the Firm's Demand for Money pp. 1029-39

Peter A Frost

A Model of Warrant Pricing in a Dynamic Market pp. 1041-59

Andrew H Y Chen

Financial Structure and the Theory of Production pp. 1061-80

Stephen J Turnovsky

Tax-Induced Bias in Reported Treasury Yields pp. 1081-90

Alexander A Robichek and W David Niebuhr

Cash Generation in Business Operations: Some Simulation Models pp. 1091-1107

Morris Budin and A T Eapen

Essentials of Portfolio Diversification Strategy pp. 1109-21

James C T Mao

The Erroneous MEC Function pp. 1123-24

E Norman Bailey

On the Measurement of Fund Performance pp. 1125-31

Harlan D Mills

A Microeconomic Approach to Banking Competition pp. 1133-41

Eric Brucker

Retirement of Non-Callable Preferred Stock pp. 1143-52

Richard A Stevenson

Alternative Efficiency Criteria: An Empirical Analysis pp. 1153-58

Haim Levy and Marshall Sarnat

A Note on Earnings Risk and the Coefficient of Variation: Comment pp. 1159-60

Jeffrey Jarrett

Exact Determination of Earnings Risk by the Coefficient of Variation pp. 1161-65

Charles Dewitt Roberts and Edna N Roberts

Ratio Analysis and the Predicition of Firm Failure pp. 1166-68

Craig G Johnson

Ratio Analysis and the Prediction of Firm Failure: A Reply pp. 1169-72

Edward Altman

Volume 25, issue 4, 1970

The Specification of Money Demand-Supply Models Which Involve the Use of Distributed Lags pp. 743-60

Dennis R Starleaf

A Study of Money Stock Control pp. 761-76

Lionel Kalish

The Effect of Credit on Transactions Demand for Cash pp. 777-81

A S Rama Sastry

New Listings and Their Price Behavior pp. 783-94

James C Van Horne

Diversification, Portfolio Analysis and the Uneasy Case for Conglomerate Mergers pp. 795-802

Haim Levy and Marshall Sarnat

Security and Investment: More Evidence pp. 803-07

Frank DeFelice

Expectations, Prices, Coupons and Yields pp. 809-18

Adolf Buse

On Risk-Adjusted Capitalization Rates and Valuation By Individuals pp. 819-35

Michael Adler

Demand and Supply in the Commercial Paper Market pp. 837-52

Schadrack, Frederick C,

Prediction of Bank Failures pp. 853-68

Paul A Meyer and Howard W Pifer

Bank Behavior with Respect to Deposit Variability pp. 869-79

William G Dewald and G Richard Dreese

On the Distribution of New International Reserves pp. 881-91

Robert G Hawkins and C Rangarajan

Leverage, Dividend Policy and the Cost of Capital: Comment pp. 893-97

Michael Davenport

Leverage, Dividend Policy and the Cost of Capital: Comment pp. 898-903

Morris Mendelson

Leverage, Dividend Policy and the Cost of Capital: Reply pp. 904-08

Eugene F Brigham and Myron J Gordon

A Note on the Measurement of Conglomerate Diversification pp. 909-14

Randolph Westerfield

A Note on the Measurement of Conglomerate Diversification: Reply pp. 915-16

Keith V Smith and John C Schreiner

Premiums on Convertible Bonds: Comment pp. 917-22

Cretien, Paul D,

Premiums on Convertible Bonds: Comment pp. 923-27

David Tell Duvel

Premiums on Convertible Bonds: Comment pp. 928-30

G A Mumey

Premiums on Convertible Bonds: Reply pp. 931-33

Roman L Weil, Joel E Segall and Green, David,

Volume 25, issue 3, 1970

Forecasting and Probability Distributions for Models of Portfolio Selection pp. 539-54

Joel Fried

Appraising Performance of Investment Portfolios pp. 555-60

Jack E Gaumnitz

An Analysis of Portfolio Maintenance Strategies pp. 561-71

John L Evans

Capital Rationing and External Discount Rates pp. 573-84

Edwin J Elton

The Interest Rate on Federal Funds: An Empirical Approach pp. 585-97

Robert B Platt

Free Reserves, Interest Rates, and Deposits: A Synthesis pp. 599-13

Patric Hendershott and Frank De Leeuw

The Determinants of Deposit-Rate Setting by Savings and Loan Associations pp. 615-32

Stephen M Goldfeld and Dwight M Jaffee

The Effect of Pension Plans on Other Retirement Saving pp. 633-37

Robert N Schoeplein

Short Run Determinants of Commercial Bank Investment Portfolios: An Empirical Analysis pp. 639-49

Arie Melnik

Ownership and Control Among Large Member Banks pp. 651-57

Jack R Vernon

Federal Open Market Operations and Variations in the Reserve Base pp. 659-67

Vittorio Bonomo and Charles Schotta

The Capital Structure and the Cost of Capital: Comment pp. 669-73

Robert H Litzenberger and Charles P Jones

A Comment on the Capital Structure and the Cost of Capital: A Suggested Exposition pp. 674-77

Robert A Haugen and James L Pappas

On the Capital Structure Theorem: Reply pp. 678-81

Haim Ben-Shahar

The Optimal Rate of Investment in a Firm: Comment pp. 682-84

Alan Nichols

The Optimal Rate of Investment in a Firm: Reply pp. 685-86

Ranjit K Sau

Volume 25, issue 2, 1970

Controlling Inflation and the Inflationary Mentality pp. 233-41

Robert V Roosa

The State of the Finance Field Methodology Models of Equity Valuation: The Great SERM Bubble pp. 243-73

Michael Keenan

A Monetarist Model of the Monetary Process pp. 275-89

David I Fand

An Analytical Model for Long-Range Financial Planning pp. 291-315

Willard T Carleton

The State of the Finance Field Methodology. A Discussion pp. 316-19

John P Shelton

The State of the Finance Field Methodology. A Discussion pp. 320-21

Eugene M Lerner

The State of the Finance Field Methodology. A Discussion pp. 322-25

John J Klein

The State of the Finance Field Methodology. A Discussion pp. 326-27

Joseph P McKenna

Survey of Investment Management: Teaching versus Practice pp. 329-47

Keith V Smith and Maurice B Goudzwaard

Survey of Capital Budgeting: Theory and Practice pp. 349-60

James C T Mao

The Term Structure of Interest Rates: An Attempt to Reconcile Teaching with Practice pp. 361-74

Edward Kane

Future Directions in the Teaching and Practice of Finance. A Discussion pp. 375-76

Jack Treynor

Future Directions in the Teaching and Practice of Finance. A Discussion pp. 377-79

Eli Schwartz

Future Directions in the Teaching and Practice of Finance. A Discussion pp. 380-81

William L Silber

Efficient Capital Markets: A Review of Theory and Empirical Work pp. 383-417

Eugene Fama

Stock Market Price Behavior. A Discussion pp. 418-20

William Sharpe

Stock Market Price Behavior. A Discussion pp. 421-23

Robert A Schwartz

Is There an Optimal Money Supply? pp. 425-33

Robert W Clower

Is There an Optimal Money Supply? pp. 435-42

Harry G Johnson

Is There an Optimal Money Supply? A Discussion pp. 443-45

Warren L Smith

Is There an Optimal Money Supply? A Discussion pp. 446-49

Eytan Sheshinski

Is There an Optimal Money Supply? A Discussion pp. 450-53

Allan Meltzer

Measuring the Risk Dimension of Investment Performance pp. 455-67

Randall S Robinson

Random Walks and Technical Theories: Some Additional Evidence pp. 469-82

Michael Jensen and George A Bennington

Test of a Stock Valuation Model pp. 483-92

Dorothy H Bower and Richard S Bower

Empirical Testing of Investment Models. A Discussion pp. 493-94

Stephen H Archer

Empirical Testing of Investment Models. A Discussion pp. 495-99

Frank C Jen

Empirical Testing of Investment Models. A Discussion pp. 500-02

Edwin J Elton

Factors Affecting Price, Volume and Credit Risk in the Consumer Finance Industry pp. 503-15

Robert P Shay

Pricing Policies on Consumer Loans at Commercial Banks pp. 517-25

Paul F Smith

The Price-Volume Structure of the Consumer Credit Industry. A Discussion pp. 526-28

Maurice B Goudzwaard

The Price-Volume Structure of the Consumer Credit Industry. A Discussion pp. 529-30

Lynn A Stiles

Volume 25, issue 1, 1970

Price Expectations Effects on Interest Rates pp. 19-34

William E Gibson

The Cost of Capital and the Structure of the Firm pp. 35-46

Douglas Vickers

Multidimensional Risk and the Modigliani-Miller Hypothesis pp. 47-51

Robert W Resek

Financing with Convertible Preferred Stock, 1960-1967 pp. 53-63

George E Pinches

Commodity Futures: Trends or Random Walks? pp. 65-81

Richard A Stevenson and Robert M Bear

The Differential Effects of Tight Money: An Econometric Study pp. 83-97

William L Silber and Murray E Polakoff

Two Notes on the Uniqueness of Commercial Banks pp. 99-108

John H Wood

Further Reflections on and Investigations of Money Demand pp. 109-25

Robert Weintraub and William R Hosek

The Uncertainty in Risk: Is Variance Unambiguous? pp. 127-34

Jon M Joyce and Robert C Vogel

The Cost of Capital and Investment Criteria in the Public Sector pp. 135-42

Eli Schwartz

Qtrly Earnings Reports and Intermediate Stock Price Trends pp. 143-48

Charles P Jones and Robert H Litzenberger

The Income Elasticity of Corporate Philanthropy: Comment pp. 149-52

Orace Johnson and Walter Johnson

The Income Elasticity of Corporate Philanthropy: Reply pp. 153-57

Robert A Schwartz