The Journal of Finance

Cover image for Vol. 21 Issue 2

May 1966

Volume 21, Issue 2

Pages i–xx, 169–440

  1. Front Matter

    1. Top of page
    2. Front Matter
    3. [Photograph]: Norris O. Johnson, Fourteenth President of American Finance Association, 1955
    4. Original Article
    5. Business Finance: Innovations in Analysis
    6. Financial Problems of the Multi-National Corporations
    7. S.E.C. Report on the Securities Markets
    8. The Balance of Payments and Domestic Monetary Policy
    9. Postwar Changes in Consumer Financial Markets
    10. Developments in the Curriculum and Teaching of Finances
    11. American Finance Association
    12. Report of the Managing Editor of the Journal of Finance Covering the Year 1965
    13. Back Matter
    1. Front Matter (pages i–vii)

      Version of Record online: 28 DEC 2015 | DOI: 10.1111/j.1540-6261.1966.tb00460.x

  2. [Photograph]: Norris O. Johnson, Fourteenth President of American Finance Association, 1955

    1. Top of page
    2. Front Matter
    3. [Photograph]: Norris O. Johnson, Fourteenth President of American Finance Association, 1955
    4. Original Article
    5. Business Finance: Innovations in Analysis
    6. Financial Problems of the Multi-National Corporations
    7. S.E.C. Report on the Securities Markets
    8. The Balance of Payments and Domestic Monetary Policy
    9. Postwar Changes in Consumer Financial Markets
    10. Developments in the Curriculum and Teaching of Finances
    11. American Finance Association
    12. Report of the Managing Editor of the Journal of Finance Covering the Year 1965
    13. Back Matter
  3. Original Article

    1. Top of page
    2. Front Matter
    3. [Photograph]: Norris O. Johnson, Fourteenth President of American Finance Association, 1955
    4. Original Article
    5. Business Finance: Innovations in Analysis
    6. Financial Problems of the Multi-National Corporations
    7. S.E.C. Report on the Securities Markets
    8. The Balance of Payments and Domestic Monetary Policy
    9. Postwar Changes in Consumer Financial Markets
    10. Developments in the Curriculum and Teaching of Finances
    11. American Finance Association
    12. Report of the Managing Editor of the Journal of Finance Covering the Year 1965
    13. Back Matter
    1. THE CONTRIBUTION OF ECONOMISTS TO POLICY FORMATION (pages 169–177)

      Gardner Ackley

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00219.x

  4. Business Finance: Innovations in Analysis

    1. Top of page
    2. Front Matter
    3. [Photograph]: Norris O. Johnson, Fourteenth President of American Finance Association, 1955
    4. Original Article
    5. Business Finance: Innovations in Analysis
    6. Financial Problems of the Multi-National Corporations
    7. S.E.C. Report on the Securities Markets
    8. The Balance of Payments and Domestic Monetary Policy
    9. Postwar Changes in Consumer Financial Markets
    10. Developments in the Curriculum and Teaching of Finances
    11. American Finance Association
    12. Report of the Managing Editor of the Journal of Finance Covering the Year 1965
    13. Back Matter
    1. CAPITAL INVESTMENT BY THE FIRM IN PLANT AND EQUIPMENT (pages 178–201)

      William W. Alberts

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00220.x

    2. FINANCING DECISIONS OF THE FIRM (pages 202–214)

      Eugene M. Lerner and Willard T. Carleton

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00221.x

    3. VALUATION OF THE FIRM: EFFECTS OF UNCERTAINTY IN A MARKET CONTEXT (pages 215–227)

      Alexander A. Robichek and Stewart C. Myers

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00222.x

    4. DECISION THEORY AND FINANCIAL MANAGEMENT (pages 228–244)

      Henry A. Latané and Donald L. Tuttle

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00223.x

    5. DISCUSSION (pages 245–252)

      John Bossons, William F. Sharpe, Jacob B. Michaelsen and William Beranek

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00224.x

  5. Financial Problems of the Multi-National Corporations

    1. Top of page
    2. Front Matter
    3. [Photograph]: Norris O. Johnson, Fourteenth President of American Finance Association, 1955
    4. Original Article
    5. Business Finance: Innovations in Analysis
    6. Financial Problems of the Multi-National Corporations
    7. S.E.C. Report on the Securities Markets
    8. The Balance of Payments and Domestic Monetary Policy
    9. Postwar Changes in Consumer Financial Markets
    10. Developments in the Curriculum and Teaching of Finances
    11. American Finance Association
    12. Report of the Managing Editor of the Journal of Finance Covering the Year 1965
    13. Back Matter
    1. OVERSEAS FINANCING FOR U.S. INTERNATIONAL BUSINESS (pages 297–307)

      Stefan H. Robock

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00228.x

    2. DISCUSSION (pages 308–310)

      J. F. Bennett

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00229.x

  6. S.E.C. Report on the Securities Markets

    1. Top of page
    2. Front Matter
    3. [Photograph]: Norris O. Johnson, Fourteenth President of American Finance Association, 1955
    4. Original Article
    5. Business Finance: Innovations in Analysis
    6. Financial Problems of the Multi-National Corporations
    7. S.E.C. Report on the Securities Markets
    8. The Balance of Payments and Domestic Monetary Policy
    9. Postwar Changes in Consumer Financial Markets
    10. Developments in the Curriculum and Teaching of Finances
    11. American Finance Association
    12. Report of the Managing Editor of the Journal of Finance Covering the Year 1965
    13. Back Matter
    1. THE S.E.C. SPECIAL STUDY AND THE EXCHANGE MARKETS (pages 311–323)

      David K. Eiteman

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00230.x

    2. BROAD IMPLICATIONS OF THE S.E.C. SPECIAL STUDY (pages 324–332)

      Irwin Friend

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00231.x

    3. THE S.E.C. SPECIAL STUDY AND THE OVER-THE-COUNTER MARKETS (pages 333–338)

      Robert W. Haack

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00232.x

    4. DISCUSSION (pages 339–344)

      Sidney M. Robbins, Amyas Ames and Harry C. Sauvain

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00233.x

  7. The Balance of Payments and Domestic Monetary Policy

    1. Top of page
    2. Front Matter
    3. [Photograph]: Norris O. Johnson, Fourteenth President of American Finance Association, 1955
    4. Original Article
    5. Business Finance: Innovations in Analysis
    6. Financial Problems of the Multi-National Corporations
    7. S.E.C. Report on the Securities Markets
    8. The Balance of Payments and Domestic Monetary Policy
    9. Postwar Changes in Consumer Financial Markets
    10. Developments in the Curriculum and Teaching of Finances
    11. American Finance Association
    12. Report of the Managing Editor of the Journal of Finance Covering the Year 1965
    13. Back Matter
    1. DOMESTIC POLICY OBJECTIVES AND THE BALANCE OF PAYMENTS (pages 345–353)

      James Duesenberry

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00234.x

    2. MONETARY POLICY AND INTERNATIONAL FINANCIAL OBJECTIVES (pages 354–359)

      Leslie C. Peacock

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00235.x

    3. DISCUSSION (pages 360–368)

      J. Marcus Fleming and Arthur I. Bloomfield

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00236.x

  8. Postwar Changes in Consumer Financial Markets

    1. Top of page
    2. Front Matter
    3. [Photograph]: Norris O. Johnson, Fourteenth President of American Finance Association, 1955
    4. Original Article
    5. Business Finance: Innovations in Analysis
    6. Financial Problems of the Multi-National Corporations
    7. S.E.C. Report on the Securities Markets
    8. The Balance of Payments and Domestic Monetary Policy
    9. Postwar Changes in Consumer Financial Markets
    10. Developments in the Curriculum and Teaching of Finances
    11. American Finance Association
    12. Report of the Managing Editor of the Journal of Finance Covering the Year 1965
    13. Back Matter
    1. MAJOR DEVELOPMENTS IN THE FINANCING OF RESIDENTIAL CONSTRUCTION SINCE WORLD WAR II (pages 382–394)

      M. Carter McFarland

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00238.x

    2. Discussion (pages 395–402)

      Leo Grebler, Harlow D. Osborne and Paul F. Smith

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00239.x

  9. Developments in the Curriculum and Teaching of Finances

    1. Top of page
    2. Front Matter
    3. [Photograph]: Norris O. Johnson, Fourteenth President of American Finance Association, 1955
    4. Original Article
    5. Business Finance: Innovations in Analysis
    6. Financial Problems of the Multi-National Corporations
    7. S.E.C. Report on the Securities Markets
    8. The Balance of Payments and Domestic Monetary Policy
    9. Postwar Changes in Consumer Financial Markets
    10. Developments in the Curriculum and Teaching of Finances
    11. American Finance Association
    12. Report of the Managing Editor of the Journal of Finance Covering the Year 1965
    13. Back Matter
    1. WHAT SHOULD WE TEACH IN A MONEY AND BANKING COURSE? (pages 403–410)

      Roland I. Robinson

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00240.x

    2. WHAT SHOULD WE TEACH IN A COURSE IN BUSINESS FINANCE? (pages 411–415)

      Ezra Solomon

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00241.x

    3. WHAT SHOULD WE TEACH IN AN INVESTMENTS COURSE? (pages 416–422)

      Paul F. Wendt

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00242.x

    4. DISCUSSION (pages 423–434)

      Charls F. Walker, Allan H. Meltzer, Edgar Peske, Bion B. Howard, John P. Shelton and Ragnar D. Naess

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00243.x

  10. American Finance Association

    1. Top of page
    2. Front Matter
    3. [Photograph]: Norris O. Johnson, Fourteenth President of American Finance Association, 1955
    4. Original Article
    5. Business Finance: Innovations in Analysis
    6. Financial Problems of the Multi-National Corporations
    7. S.E.C. Report on the Securities Markets
    8. The Balance of Payments and Domestic Monetary Policy
    9. Postwar Changes in Consumer Financial Markets
    10. Developments in the Curriculum and Teaching of Finances
    11. American Finance Association
    12. Report of the Managing Editor of the Journal of Finance Covering the Year 1965
    13. Back Matter
    1. AMERICAN FINANCE ASSOCIATION (pages 435–437)

      Robert A. Kavesh and George Garvy

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00244.x

  11. Report of the Managing Editor of the Journal of Finance Covering the Year 1965

    1. Top of page
    2. Front Matter
    3. [Photograph]: Norris O. Johnson, Fourteenth President of American Finance Association, 1955
    4. Original Article
    5. Business Finance: Innovations in Analysis
    6. Financial Problems of the Multi-National Corporations
    7. S.E.C. Report on the Securities Markets
    8. The Balance of Payments and Domestic Monetary Policy
    9. Postwar Changes in Consumer Financial Markets
    10. Developments in the Curriculum and Teaching of Finances
    11. American Finance Association
    12. Report of the Managing Editor of the Journal of Finance Covering the Year 1965
    13. Back Matter
    1. REPORT OF THE MANAGING EDITOR OF THE JOURNAL OF FINANCE COVERING THE YEAR 1965 (pages 438–440)

      Lawrence S. Ritter

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1966.tb00245.x

  12. Back Matter

    1. Top of page
    2. Front Matter
    3. [Photograph]: Norris O. Johnson, Fourteenth President of American Finance Association, 1955
    4. Original Article
    5. Business Finance: Innovations in Analysis
    6. Financial Problems of the Multi-National Corporations
    7. S.E.C. Report on the Securities Markets
    8. The Balance of Payments and Domestic Monetary Policy
    9. Postwar Changes in Consumer Financial Markets
    10. Developments in the Curriculum and Teaching of Finances
    11. American Finance Association
    12. Report of the Managing Editor of the Journal of Finance Covering the Year 1965
    13. Back Matter
    1. Back Matter (pages ix–xx)

      Version of Record online: 28 DEC 2015 | DOI: 10.1111/j.1540-6261.1966.tb00462.x

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