The Journal of Finance

Cover image for Vol. 25 Issue 2

May 1970

Volume 25, Issue 2

Pages 233–241

  1. Front Matter

    1. Top of page
    2. Front Matter
    3. [Photograph]: Lawrence S. Ritter
    4. Articles
    5. Session Topic: The State of the Finance Field Research Methodology
    6. Discussions
    7. Session Topic: Future Directions in the Teaching and Practice of Finance
    8. Discussions
    9. Session Topic: Stock Market Price Behavior
    10. Discussions
    11. Session Topic: Is There an Optimal Money Supply?
    12. Discussions
    13. Session Topic: Empirical Testing of Investment Models
    14. Discussions
    15. Session Topic: The Price-Volume Structure of the Consumer Credit Industry
    16. Discussions
    17. Regional Finance Associations Information
    18. American Finance Association Business Proceedings
    19. Back Matter
    1. Front Matter (pages 233–241)

      Version of Record online: 14 DEC 2015 | DOI: 10.1111/j.1540-6261.1970.tb00316.x

  2. [Photograph]: Lawrence S. Ritter

    1. Top of page
    2. Front Matter
    3. [Photograph]: Lawrence S. Ritter
    4. Articles
    5. Session Topic: The State of the Finance Field Research Methodology
    6. Discussions
    7. Session Topic: Future Directions in the Teaching and Practice of Finance
    8. Discussions
    9. Session Topic: Stock Market Price Behavior
    10. Discussions
    11. Session Topic: Is There an Optimal Money Supply?
    12. Discussions
    13. Session Topic: Empirical Testing of Investment Models
    14. Discussions
    15. Session Topic: The Price-Volume Structure of the Consumer Credit Industry
    16. Discussions
    17. Regional Finance Associations Information
    18. American Finance Association Business Proceedings
    19. Back Matter
    1. [Photograph]: Lawrence S. Ritter (pages 233–241)

      Version of Record online: 14 DEC 2015 | DOI: 10.1111/j.1540-6261.1970.tb00317.x

  3. Articles

    1. Top of page
    2. Front Matter
    3. [Photograph]: Lawrence S. Ritter
    4. Articles
    5. Session Topic: The State of the Finance Field Research Methodology
    6. Discussions
    7. Session Topic: Future Directions in the Teaching and Practice of Finance
    8. Discussions
    9. Session Topic: Stock Market Price Behavior
    10. Discussions
    11. Session Topic: Is There an Optimal Money Supply?
    12. Discussions
    13. Session Topic: Empirical Testing of Investment Models
    14. Discussions
    15. Session Topic: The Price-Volume Structure of the Consumer Credit Industry
    16. Discussions
    17. Regional Finance Associations Information
    18. American Finance Association Business Proceedings
    19. Back Matter
    1. CONTROLLING INFLATION AND THE INFLATIONARY MENTALITY (pages 233–241)

      Robert V. Roosa

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00504.x

  4. Session Topic: The State of the Finance Field Research Methodology

    1. Top of page
    2. Front Matter
    3. [Photograph]: Lawrence S. Ritter
    4. Articles
    5. Session Topic: The State of the Finance Field Research Methodology
    6. Discussions
    7. Session Topic: Future Directions in the Teaching and Practice of Finance
    8. Discussions
    9. Session Topic: Stock Market Price Behavior
    10. Discussions
    11. Session Topic: Is There an Optimal Money Supply?
    12. Discussions
    13. Session Topic: Empirical Testing of Investment Models
    14. Discussions
    15. Session Topic: The Price-Volume Structure of the Consumer Credit Industry
    16. Discussions
    17. Regional Finance Associations Information
    18. American Finance Association Business Proceedings
    19. Back Matter
    1. MODELS OF EQUITY VALUATION: THE GREAT SERM BUBBLE (pages 243–273)

      Harry C. Sauvain and Michael Keenan

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00505.x

    2. A MONETARIST MODEL OF THE MONETARY PROCESS (pages 275–289)

      David I. Fand

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00506.x

    3. AN ANALYTICAL MODEL FOR LONG-RANGE FINANCIAL PLANNING (pages 291–315)

      Willard T. Carleton

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00507.x

  5. Discussions

    1. Top of page
    2. Front Matter
    3. [Photograph]: Lawrence S. Ritter
    4. Articles
    5. Session Topic: The State of the Finance Field Research Methodology
    6. Discussions
    7. Session Topic: Future Directions in the Teaching and Practice of Finance
    8. Discussions
    9. Session Topic: Stock Market Price Behavior
    10. Discussions
    11. Session Topic: Is There an Optimal Money Supply?
    12. Discussions
    13. Session Topic: Empirical Testing of Investment Models
    14. Discussions
    15. Session Topic: The Price-Volume Structure of the Consumer Credit Industry
    16. Discussions
    17. Regional Finance Associations Information
    18. American Finance Association Business Proceedings
    19. Back Matter
    1. DISCUSSION (pages 316–319)

      John P. Shelton

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00508.x

    2. DISCUSSION (pages 320–321)

      Eugene M. Lerner

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00509.x

    3. DISCUSSION (pages 322–325)

      John J. Klein

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00510.x

    4. DISCUSSION (pages 326–327)

      Joseph P. McKenna

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00511.x

  6. Session Topic: Future Directions in the Teaching and Practice of Finance

    1. Top of page
    2. Front Matter
    3. [Photograph]: Lawrence S. Ritter
    4. Articles
    5. Session Topic: The State of the Finance Field Research Methodology
    6. Discussions
    7. Session Topic: Future Directions in the Teaching and Practice of Finance
    8. Discussions
    9. Session Topic: Stock Market Price Behavior
    10. Discussions
    11. Session Topic: Is There an Optimal Money Supply?
    12. Discussions
    13. Session Topic: Empirical Testing of Investment Models
    14. Discussions
    15. Session Topic: The Price-Volume Structure of the Consumer Credit Industry
    16. Discussions
    17. Regional Finance Associations Information
    18. American Finance Association Business Proceedings
    19. Back Matter
    1. SURVEY OF INVESTMENT MANAGEMENT: TEACHING VERSUS PRACTICE (pages 329–347)

      Willard T. Carleton, Keith V. Smith and Maurice B. Goudzwaard

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00512.x

    2. SURVEY OF CAPITAL BUDGETING: THEORY AND PRACTICE (pages 349–360)

      James C. T. Mao

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00513.x

  7. Discussions

    1. Top of page
    2. Front Matter
    3. [Photograph]: Lawrence S. Ritter
    4. Articles
    5. Session Topic: The State of the Finance Field Research Methodology
    6. Discussions
    7. Session Topic: Future Directions in the Teaching and Practice of Finance
    8. Discussions
    9. Session Topic: Stock Market Price Behavior
    10. Discussions
    11. Session Topic: Is There an Optimal Money Supply?
    12. Discussions
    13. Session Topic: Empirical Testing of Investment Models
    14. Discussions
    15. Session Topic: The Price-Volume Structure of the Consumer Credit Industry
    16. Discussions
    17. Regional Finance Associations Information
    18. American Finance Association Business Proceedings
    19. Back Matter
    1. DISCUSSION (pages 375–376)

      Jack Treynor

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00515.x

    2. DISCUSSION (pages 377–379)

      Eli Schwartz

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00516.x

    3. DISCUSSION (pages 380–381)

      William L. Silber

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00517.x

  8. Session Topic: Stock Market Price Behavior

    1. Top of page
    2. Front Matter
    3. [Photograph]: Lawrence S. Ritter
    4. Articles
    5. Session Topic: The State of the Finance Field Research Methodology
    6. Discussions
    7. Session Topic: Future Directions in the Teaching and Practice of Finance
    8. Discussions
    9. Session Topic: Stock Market Price Behavior
    10. Discussions
    11. Session Topic: Is There an Optimal Money Supply?
    12. Discussions
    13. Session Topic: Empirical Testing of Investment Models
    14. Discussions
    15. Session Topic: The Price-Volume Structure of the Consumer Credit Industry
    16. Discussions
    17. Regional Finance Associations Information
    18. American Finance Association Business Proceedings
    19. Back Matter
    1. EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK (pages 383–417)

      Burton G. Malkiel and Eugene F. Fama

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00518.x

  9. Discussions

    1. Top of page
    2. Front Matter
    3. [Photograph]: Lawrence S. Ritter
    4. Articles
    5. Session Topic: The State of the Finance Field Research Methodology
    6. Discussions
    7. Session Topic: Future Directions in the Teaching and Practice of Finance
    8. Discussions
    9. Session Topic: Stock Market Price Behavior
    10. Discussions
    11. Session Topic: Is There an Optimal Money Supply?
    12. Discussions
    13. Session Topic: Empirical Testing of Investment Models
    14. Discussions
    15. Session Topic: The Price-Volume Structure of the Consumer Credit Industry
    16. Discussions
    17. Regional Finance Associations Information
    18. American Finance Association Business Proceedings
    19. Back Matter
    1. DISCUSSION (pages 418–420)

      William F. Sharpe

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00519.x

    2. DISCUSSION (pages 421–423)

      Robert A. Schwartz

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00664.x

  10. Session Topic: Is There an Optimal Money Supply?

    1. Top of page
    2. Front Matter
    3. [Photograph]: Lawrence S. Ritter
    4. Articles
    5. Session Topic: The State of the Finance Field Research Methodology
    6. Discussions
    7. Session Topic: Future Directions in the Teaching and Practice of Finance
    8. Discussions
    9. Session Topic: Stock Market Price Behavior
    10. Discussions
    11. Session Topic: Is There an Optimal Money Supply?
    12. Discussions
    13. Session Topic: Empirical Testing of Investment Models
    14. Discussions
    15. Session Topic: The Price-Volume Structure of the Consumer Credit Industry
    16. Discussions
    17. Regional Finance Associations Information
    18. American Finance Association Business Proceedings
    19. Back Matter
    1. IS THERE AN OPTIMAL MONEY SUPPLY? (pages 425–433)

      James Tobin and Robert W. Clower

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00665.x

    2. IS THERE AN OPTIMAL MONEY SUPPLY? (pages 435–442)

      Harry G. Johnson

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00666.x

  11. Discussions

    1. Top of page
    2. Front Matter
    3. [Photograph]: Lawrence S. Ritter
    4. Articles
    5. Session Topic: The State of the Finance Field Research Methodology
    6. Discussions
    7. Session Topic: Future Directions in the Teaching and Practice of Finance
    8. Discussions
    9. Session Topic: Stock Market Price Behavior
    10. Discussions
    11. Session Topic: Is There an Optimal Money Supply?
    12. Discussions
    13. Session Topic: Empirical Testing of Investment Models
    14. Discussions
    15. Session Topic: The Price-Volume Structure of the Consumer Credit Industry
    16. Discussions
    17. Regional Finance Associations Information
    18. American Finance Association Business Proceedings
    19. Back Matter
    1. DISCUSSION (pages 443–445)

      Warren Smith

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00667.x

    2. DISCUSSION (pages 446–449)

      Eytan Sheshinski

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00668.x

    3. DISCUSSION (pages 450–454)

      Allan H. Meltzer

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00669.x

  12. Session Topic: Empirical Testing of Investment Models

    1. Top of page
    2. Front Matter
    3. [Photograph]: Lawrence S. Ritter
    4. Articles
    5. Session Topic: The State of the Finance Field Research Methodology
    6. Discussions
    7. Session Topic: Future Directions in the Teaching and Practice of Finance
    8. Discussions
    9. Session Topic: Stock Market Price Behavior
    10. Discussions
    11. Session Topic: Is There an Optimal Money Supply?
    12. Discussions
    13. Session Topic: Empirical Testing of Investment Models
    14. Discussions
    15. Session Topic: The Price-Volume Structure of the Consumer Credit Industry
    16. Discussions
    17. Regional Finance Associations Information
    18. American Finance Association Business Proceedings
    19. Back Matter
    1. MEASURING THE RISK DIMENSION OF INVESTMENT PERFORMANCE (pages 455–467)

      Peter L. Bernstein and Randall S. Robinson

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00670.x

    2. RANDOM WALKS AND TECHNICAL THEORIES: SOME ADDITIONAL EVIDENCE (pages 469–482)

      Michael C. Jensen and George A. Benington

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00671.x

    3. TEST OF A STOCK VALUATION MODEL (pages 483–492)

      Dorothy H. Bower and Richard S. Bower

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00672.x

  13. Discussions

    1. Top of page
    2. Front Matter
    3. [Photograph]: Lawrence S. Ritter
    4. Articles
    5. Session Topic: The State of the Finance Field Research Methodology
    6. Discussions
    7. Session Topic: Future Directions in the Teaching and Practice of Finance
    8. Discussions
    9. Session Topic: Stock Market Price Behavior
    10. Discussions
    11. Session Topic: Is There an Optimal Money Supply?
    12. Discussions
    13. Session Topic: Empirical Testing of Investment Models
    14. Discussions
    15. Session Topic: The Price-Volume Structure of the Consumer Credit Industry
    16. Discussions
    17. Regional Finance Associations Information
    18. American Finance Association Business Proceedings
    19. Back Matter
    1. DISCUSSION (pages 493–494)

      Stephen H. Archer

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00673.x

    2. DISCUSSION (pages 495–499)

      Frank C. Jen

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00674.x

    3. DISCUSSION (pages 500–502)

      Edwin J. Elton

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00675.x

  14. Session Topic: The Price-Volume Structure of the Consumer Credit Industry

    1. Top of page
    2. Front Matter
    3. [Photograph]: Lawrence S. Ritter
    4. Articles
    5. Session Topic: The State of the Finance Field Research Methodology
    6. Discussions
    7. Session Topic: Future Directions in the Teaching and Practice of Finance
    8. Discussions
    9. Session Topic: Stock Market Price Behavior
    10. Discussions
    11. Session Topic: Is There an Optimal Money Supply?
    12. Discussions
    13. Session Topic: Empirical Testing of Investment Models
    14. Discussions
    15. Session Topic: The Price-Volume Structure of the Consumer Credit Industry
    16. Discussions
    17. Regional Finance Associations Information
    18. American Finance Association Business Proceedings
    19. Back Matter
    1. FACTORS AFFECTING PRICE, VOLUME AND CREDIT RISK IN THE CONSUMER FINANCE INDUSTRY (pages 503–515)

      Robert W. Johnson and Robert P. Shay

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00676.x

    2. PRICING POLICIES ON CONSUMER LOANS AT COMMERCIAL BANKS (pages 517–525)

      Paul F. Smith

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00677.x

  15. Discussions

    1. Top of page
    2. Front Matter
    3. [Photograph]: Lawrence S. Ritter
    4. Articles
    5. Session Topic: The State of the Finance Field Research Methodology
    6. Discussions
    7. Session Topic: Future Directions in the Teaching and Practice of Finance
    8. Discussions
    9. Session Topic: Stock Market Price Behavior
    10. Discussions
    11. Session Topic: Is There an Optimal Money Supply?
    12. Discussions
    13. Session Topic: Empirical Testing of Investment Models
    14. Discussions
    15. Session Topic: The Price-Volume Structure of the Consumer Credit Industry
    16. Discussions
    17. Regional Finance Associations Information
    18. American Finance Association Business Proceedings
    19. Back Matter
    1. DISCUSSION (pages 526–528)

      Maurice B. Goudzwaard

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00678.x

    2. DISCUSSION (pages 529–530)

      Lynn A. Stiles

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00679.x

  16. Regional Finance Associations Information

    1. Top of page
    2. Front Matter
    3. [Photograph]: Lawrence S. Ritter
    4. Articles
    5. Session Topic: The State of the Finance Field Research Methodology
    6. Discussions
    7. Session Topic: Future Directions in the Teaching and Practice of Finance
    8. Discussions
    9. Session Topic: Stock Market Price Behavior
    10. Discussions
    11. Session Topic: Is There an Optimal Money Supply?
    12. Discussions
    13. Session Topic: Empirical Testing of Investment Models
    14. Discussions
    15. Session Topic: The Price-Volume Structure of the Consumer Credit Industry
    16. Discussions
    17. Regional Finance Associations Information
    18. American Finance Association Business Proceedings
    19. Back Matter
    1. REGIONAL FINANCE ASSOCIATIONS INFORMATION (pages 531–532)

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00680.x

  17. American Finance Association Business Proceedings

    1. Top of page
    2. Front Matter
    3. [Photograph]: Lawrence S. Ritter
    4. Articles
    5. Session Topic: The State of the Finance Field Research Methodology
    6. Discussions
    7. Session Topic: Future Directions in the Teaching and Practice of Finance
    8. Discussions
    9. Session Topic: Stock Market Price Behavior
    10. Discussions
    11. Session Topic: Is There an Optimal Money Supply?
    12. Discussions
    13. Session Topic: Empirical Testing of Investment Models
    14. Discussions
    15. Session Topic: The Price-Volume Structure of the Consumer Credit Industry
    16. Discussions
    17. Regional Finance Associations Information
    18. American Finance Association Business Proceedings
    19. Back Matter
    1. AMERICAN FINANCE ASSOCIATION BUSINESS PROCEEDINGS (pages 533–537)

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1970.tb00681.x

  18. Back Matter

    1. Top of page
    2. Front Matter
    3. [Photograph]: Lawrence S. Ritter
    4. Articles
    5. Session Topic: The State of the Finance Field Research Methodology
    6. Discussions
    7. Session Topic: Future Directions in the Teaching and Practice of Finance
    8. Discussions
    9. Session Topic: Stock Market Price Behavior
    10. Discussions
    11. Session Topic: Is There an Optimal Money Supply?
    12. Discussions
    13. Session Topic: Empirical Testing of Investment Models
    14. Discussions
    15. Session Topic: The Price-Volume Structure of the Consumer Credit Industry
    16. Discussions
    17. Regional Finance Associations Information
    18. American Finance Association Business Proceedings
    19. Back Matter
    1. Back Matter (pages 233–241)

      Version of Record online: 14 DEC 2015 | DOI: 10.1111/j.1540-6261.1970.tb00318.x

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