Journal of Finance

1946 - 2025

From American Finance Association
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Volume 21, issue 4, 1966

FINANCIAL STRUCTURE AND THE VALUE OF THE FIRM pp. 615-633

Ronald F. Wippern

THE CONCEPTS OF MONEY AND COMMERCIAL BANKS pp. 635-648

Paul F. Smith

PLANNING FOR LIQUIDITY IN FINANCIAL INSTITUTIONS: THE CHANCE‐CONSTRAINED METHOD pp. 649-674

A. Charnes and Sten Thore

STOCK SPLITS AND PRICE CHANGE pp. 675-686

Keith B. Johnson

THE ACQUISITION OF COMMON STOCK BY THE CORPORATE ISSUER† pp. 687-696

Harold Bierman and Richard West

IMPUTED YIELDS OF A SINKING FUND BOND AND THE TERM STRUCTURE OF INTEREST RATES pp. 697-713

Frank C. Jen and James E. Wert

ON THE MEASUREMENT OF LEVERAGE pp. 715-726

J. K. S. Ghandhi

CONCEPTUAL PROBLEMS IN THE USE OF RISK‐ADJUSTED DISCOUNT RATES pp. 727-730

Alexander A. Robichek and Stewart C. Myers

A NEGLECTED ISSUE IN CAPITAL RATIONING—THE ASSET DEMAND FOR MONEY pp. 731-736

Robert E. Krainer

REINVESTMENT AND THE RATE OF RETURN ON COMMON STOCKS pp. 737-742

Haim Ben‐Shahae and Marshall Sarnat

SECURITY PRICES, RISK, AND MAXIMAL GAINS FROM DIVERSIFICATION: REPLY pp. 743-744

William Sharpe

THE TREATMENT OF SECURITY HOLDERS UNDER THE ABSOLUTE PRIORITY RULE IN CHAPTER X REORGANIZATIONS pp. 745-746

Charles B. Franklin

DETERMINANTS OF COMMON STOCK PRICES pp. 747-748

Martin Jay Gruber

CORPORATE REPURCHASES OF ALREADY OUTSTANDING COMMON STOCK pp. 749-750

Leo A. Guthart

AN INVESTIGATION OF MONETARY POLICY ACTION pp. 751-751

Thomas Havrilesky

AN ECONOMIC ANALYSIS OF CREDIT UNIONS IN MICHIGAN pp. 752-752

David L. McKee

THE ORGANIZATION AND CAPITAL FINANCING OF CHEMICAL COMPANY FOREIGN AFFILIATES pp. 753-754

Carl C. Nielsen

THE ROLE OF REACQUIRED COMMON STOCK IN FINANCIAL MANAGEMENT pp. 755-756

Wilbur A. Rapp

Volume 21, issue 3, 1966

SUBSTITUTABILITY OF NON‐BANK INTERMEDIARY LIABILITIES FOR MONEY: THE EMPIRICAL EVIDENCE pp. 441-457

Tong Hun Lee

FINANCIAL INTERMEDIARIES, CREDIT AVAILABILITY, AND AGGREGATE DEMAND pp. 459-478

Robert Shapiro

ESTIMATES OF HICKSIAN IS AND LM CURVES FOR THE UNITED STATES pp. 479-487

Robert Haney Scott

BUDGET BALANCE AND EQUILIBRIUM INCOME: A COMMENT ON THE EFFICACY OF FISCAL AND MONETARY POLICY IN AN OPEN ECONOMY pp. 489-498

Wallace Oates

THE DETERMINANTS OF MEMBER‐BANK BORROWING: AN ECONOMETRIC STUDY pp. 499-514

Stephen M. Goldfeld and Edward Kane

INTEREST RATES ON MORTGAGES AND DIVIDEND RATES ON SAVINGS AND LOAN SHARES pp. 515-521

Gerald I. Weber

FACTORS ASSOCIATED WITH VARIATIONS IN STATE AND LOCAL GOVERNMENT SPENDING pp. 523-534

Roy Bahl and Robert J. Saunders

DO LARGE BANKS NEGLECT SMALL BUSINESS? pp. 535-538

Jack M. Guttentag and Edward S. Herman

BANK RESPONSES TO RESERVE CHANGES: COMMENT pp. 539-541

William R. Bryan

REPLY pp. 542-543

C. Rangarajan and Alan K. Severn

THE ICONS OF PUBLIC DEBT pp. 544-546

James Buchanan

REPLY pp. 547-547

James Tobin

A STUDY IN POSTWAR AMERICAN CENTRAL‐BANKING THEORY AND POLICY pp. 548-549

Curtis F. Forner

ECONOMIC GROWTH AND THE INDIVIDUAL pp. 550-551

Kenneth D. Goldin

THE EFFECT OF RATE STRUCTURE UPON THE AVAILABILITY OF CREDIT AT CONSUMER FINANCE COMPANIES pp. 552-553

Maurice Goudzwaard

RELATIONSHIPS OF FINANCIAL RISK TO THE TERM STRUCTURES OF CORPORATE BOND YIELDS pp. 554-555

Ramon Eskel Johnson

THE CANADIAN EXPERIENCE WITH THE FLOATING DISCOUNT RATE, 1956–62 pp. 556-557

R. A. Johnston

THE PROXIMATE IMPACT OF MONETARY POLICY ON FLOWS OF FUNDS THROUGH FINANCIAL INTERMEDIARIES pp. 558-559

William George Nelson Iv

PROFIT PLANNING IN COMMERCIAL BANKS pp. 560-561

Ronald L. Olson

MANUFACTURERS' CAPITAL APPROPRIATIONS AS A MEASURE OF INVESTMENT DECISIONS: AN ECONOMETRIC STUDY OF QUARTERLY TIME SERIES pp. 562-563

Reynold M. Sachs

THE POSTWAR CANADIAN MORTGAGE MARKET AND THE ROLE OF GOVERNMENT pp. 564-565

Lawrence B. Smith

THE FEDERAL RESERVE SYSTEM'S “OPERATION NUDGE” pp. 566-567

Oliver G. Wood

Volume 21, issue 2, 1966

THE CONTRIBUTION OF ECONOMISTS TO POLICY FORMATION pp. 169-177

Gardner Ackley

CAPITAL INVESTMENT BY THE FIRM IN PLANT AND EQUIPMENT pp. 178-201

William W. Alberts

FINANCING DECISIONS OF THE FIRM pp. 202-214

Eugene M. Lerner and Willard T. Carleton

VALUATION OF THE FIRM: EFFECTS OF UNCERTAINTY IN A MARKET CONTEXT pp. 215-227

Alexander A. Robichek and Stewart C. Myers

DECISION THEORY AND FINANCIAL MANAGEMENT pp. 228-244

Henry A. Latané and Donald L. Tuttle

ADJUSTING THE POSTURE OF THE U.S. ECONOMY TO FACILITATE CORPORATE FREEDOM IN INTERNATIONAL ACTIONS pp. 253-265

Richard W. Lindholm

DIRECT INVESTMENT AND CORPORATE ADJUSTMENT TECHNIQUES UNDER THE VOLUNTARY U.S. BALANCE OF PAYMENTS PROGRAM pp. 266-282

Andrew F. Brimmer

FOREIGN PRIVATE INVESTMENT AND THE GOVERNMENT'S EFFORTS TO REDUCE THE PAYMENTS DEFICIT pp. 283-296

Jack N. Behrman

OVERSEAS FINANCING FOR U.S. INTERNATIONAL BUSINESS pp. 297-307

Stefan H. Robock

THE S.E.C. SPECIAL STUDY AND THE EXCHANGE MARKETS pp. 311-323

David K. Eiteman

BROAD IMPLICATIONS OF THE S.E.C. SPECIAL STUDY pp. 324-332

Irwin Friend

THE S.E.C. SPECIAL STUDY AND THE OVER‐THE‐COUNTER MARKETS pp. 333-338

Robert W. Haack

DOMESTIC POLICY OBJECTIVES AND THE BALANCE OF PAYMENTS pp. 345-353

James Duesenberry

MONETARY POLICY AND INTERNATIONAL FINANCIAL OBJECTIVES pp. 354-359

Leslie C. Peacock

MAJOR DEVELOPMENTS IN THE MARKET FOR CONSUMER CREDIT SINCE THE END OF WORLD WAR II pp. 369-381

Robert P. Shay

MAJOR DEVELOPMENTS IN THE FINANCING OF RESIDENTIAL CONSTRUCTION SINCE WORLD WAR II pp. 382-394

M. Carter McFarland

WHAT SHOULD WE TEACH IN A MONEY AND BANKING COURSE? pp. 403-410

Roland I. Robinson

WHAT SHOULD WE TEACH IN A COURSE IN BUSINESS FINANCE? pp. 411-415

Ezra Solomon

WHAT SHOULD WE TEACH IN AN INVESTMENTS COURSE? pp. 416-422

Paul F. Wendt

AMERICAN FINANCE ASSOCIATION pp. 435-437

George Garvy

REPORT OF THE MANAGING EDITOR OF THE JOURNAL OF FINANCE COVERING THE YEAR 1965 pp. 438-440

Lawrence S. Ritter

Volume 21, issue 1, 1966

CAN MONETARY POLICY INFLUENCE THE AVAILABILITY OF CREDIT? pp. 1-13

A. Dale Tussing

TIGHT MONEY, MONETARY RESTRAINT, AND THE PRICE LEVEL pp. 15-33

George Horwich

AN ANALYSIS OF CONVERTIBLE DEBENTURES: THEORY AND SOME EMPIRICAL EVIDENCE pp. 35-54

Eugene F. Brigham

THE REFUNDING DECISION: ANOTHER SPECIAL CASE IN CAPITAL BUDGETING pp. 55-68

Oswald D. Bowlin

FIRM SIZE AND THE COST OF EXTERNALLY SECURED EQUITY CAPITAL pp. 69-83

Stephen H. Archer and LeRoy G. Faerber

REGIONAL DIFFERENCES IN MORTGAGE FINANCING COSTS pp. 85-94

A. H. Schaaf

THE VALUATION OF GROWTH STOCKS: THE INVESTMENT OPPORTUNITIES APPROACH pp. 95-102

James C. T. Mao

A NOTE ON THE HISTORY OF BOND TABLES AND STOCK VALUATION MODELS pp. 103-111

Robert M. Soldofsky

A NOTE ON THE HIGH‐LOW PRICE AVERAGE AS AN ESTIMATOR OF ANNUAL AVERAGE STOCK PRICES pp. 112-115

Charles E. Edwards and James G. Hilton

INTEREST PAYMENTS ON REQUIRED RESERVE BALANCES pp. 116-118

Thomas Mayer

THE MONEY=BLOOD METAPHOR, 1300–1800 pp. 119-122

Jerah Johnson

THE FINANCING OF U.S. GOVERNMENT SECURITIES DEALERS, 1960–63 pp. 123-124

Louise Freeman Ahearn

AN INVESTIGATION INTO THE EFFECTS OF BANKING STRUCTURE ON ASPECTS OF BANK BEHAVIOR pp. 125-126

Bernard Eric Anderson

SENIOR SECURITIES IN THE CAPITAL STRUCTURES OF COMMERCIAL BANKS pp. 127-128

David W. Cole

THE COMMERCIAL BANKING MARKET AND THE DEMAND DEPOSITS OF BUSINESS FIRMS pp. 129-130

Dwight B. Crane

A STUDY IN THE MATURITY STRUCTURE OF INTEREST RATES pp. 131-131

Liang‐Shing Fan

THE FISCAL IMPACT OF THE FEDERAL BUDGET pp. 132-132

Edward Gramlich

PUBLIC ASSETS AND LIABILITIES IN A MACRO‐ECONOMIC MODEL pp. 133-134

Herschel Grossman

FACTORS DETERMINING ADEQUACY OF CAPITAL IN COMMERCIAL BANKS pp. 135-136

Philip J. Hahn

AN ECONOMETRIC ANALYSIS OF THE ROLE OF FINANCIAL INTERMEDIARIES IN POSTWAR RESIDENTIAL BUILDING CYCLES pp. 137-137

Gordon Sparks