The Journal of Finance

Cover image for Vol. 37 Issue 2

May 1982

Volume 37, Issue 2

Pages i–xviii, 255–649

  1. Front Matter

    1. Top of page
    2. Front Matter
    3. [Photograph]: Franco Modigliani, President of the American Finance Association, 1981
    4. The Presidential Address
    5. Session Topic: Issues in Corporate Finances
    6. Bond Markets
    7. Discussions
    8. Impact of Regulation on Money Market Institutions
    9. Risk Estimation in Active Investment Managements
    10. Dividend Policy and Valuation: Theory and Tests
    11. Regulation of Financial Markets: Principles and Applications
    12. Option Pricing Theory and its Applications
    13. Return Expectations in Active Investment Managements
    14. Combining Financial and Actuarial Risk: Simulation Analysis
    15. New Approaches to Portfolio Theory and Stock Market Equilibriums
    16. American Finance Association: Minutes of the Annual Membership Meeting December 29, 1981
    17. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1981
    18. Report of the Managing Editor of the Journal of Finance for 1981
    19. Back Matter
    1. Front Matter (pages i–viii)

      Version of Record online: 12 FEB 2016 | DOI: 10.1111/j.1540-6261.1982.tb00881.x

  2. [Photograph]: Franco Modigliani, President of the American Finance Association, 1981

    1. Top of page
    2. Front Matter
    3. [Photograph]: Franco Modigliani, President of the American Finance Association, 1981
    4. The Presidential Address
    5. Session Topic: Issues in Corporate Finances
    6. Bond Markets
    7. Discussions
    8. Impact of Regulation on Money Market Institutions
    9. Risk Estimation in Active Investment Managements
    10. Dividend Policy and Valuation: Theory and Tests
    11. Regulation of Financial Markets: Principles and Applications
    12. Option Pricing Theory and its Applications
    13. Return Expectations in Active Investment Managements
    14. Combining Financial and Actuarial Risk: Simulation Analysis
    15. New Approaches to Portfolio Theory and Stock Market Equilibriums
    16. American Finance Association: Minutes of the Annual Membership Meeting December 29, 1981
    17. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1981
    18. Report of the Managing Editor of the Journal of Finance for 1981
    19. Back Matter
  3. The Presidential Address

    1. Top of page
    2. Front Matter
    3. [Photograph]: Franco Modigliani, President of the American Finance Association, 1981
    4. The Presidential Address
    5. Session Topic: Issues in Corporate Finances
    6. Bond Markets
    7. Discussions
    8. Impact of Regulation on Money Market Institutions
    9. Risk Estimation in Active Investment Managements
    10. Dividend Policy and Valuation: Theory and Tests
    11. Regulation of Financial Markets: Principles and Applications
    12. Option Pricing Theory and its Applications
    13. Return Expectations in Active Investment Managements
    14. Combining Financial and Actuarial Risk: Simulation Analysis
    15. New Approaches to Portfolio Theory and Stock Market Equilibriums
    16. American Finance Association: Minutes of the Annual Membership Meeting December 29, 1981
    17. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1981
    18. Report of the Managing Editor of the Journal of Finance for 1981
    19. Back Matter
    1. Debt, Dividend Policy, Taxes, Inflation and Market Valuation (pages 255–273)

      FRANCO MODIGLIANI

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03549.x

  4. Session Topic: Issues in Corporate Finances

    1. Top of page
    2. Front Matter
    3. [Photograph]: Franco Modigliani, President of the American Finance Association, 1981
    4. The Presidential Address
    5. Session Topic: Issues in Corporate Finances
    6. Bond Markets
    7. Discussions
    8. Impact of Regulation on Money Market Institutions
    9. Risk Estimation in Active Investment Managements
    10. Dividend Policy and Valuation: Theory and Tests
    11. Regulation of Financial Markets: Principles and Applications
    12. Option Pricing Theory and its Applications
    13. Return Expectations in Active Investment Managements
    14. Combining Financial and Actuarial Risk: Simulation Analysis
    15. New Approaches to Portfolio Theory and Stock Market Equilibriums
    16. American Finance Association: Minutes of the Annual Membership Meeting December 29, 1981
    17. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1981
    18. Report of the Managing Editor of the Journal of Finance for 1981
    19. Back Matter
    1. Optimal Managerial Contracts and Equilibrium Security Prices (pages 275–287)

      DOUGLAS W. DIAMOND and ROBERT E. VERRECCHIA

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03550.x

    2. Regulation and Corporate Investment Policy (pages 289–300)

      MICHAEL J. BRENNAN and EDUARDO S. SCHWARTZ

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03551.x

    3. DISCUSSION (pages 319–320)

      J. R. RITTER

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03553.x

    4. DISCUSSION (pages 320–321)

      S. C. MYERS

      Version of Record online: 12 FEB 2016 | DOI: 10.1111/j.1540-6261.1982.tb00883.x

    5. DISCUSSION (pages 321–323)

      R. A. TAGGART JR

      Version of Record online: 12 FEB 2016 | DOI: 10.1111/j.1540-6261.1982.tb00884.x

  5. Bond Markets

    1. Top of page
    2. Front Matter
    3. [Photograph]: Franco Modigliani, President of the American Finance Association, 1981
    4. The Presidential Address
    5. Session Topic: Issues in Corporate Finances
    6. Bond Markets
    7. Discussions
    8. Impact of Regulation on Money Market Institutions
    9. Risk Estimation in Active Investment Managements
    10. Dividend Policy and Valuation: Theory and Tests
    11. Regulation of Financial Markets: Principles and Applications
    12. Option Pricing Theory and its Applications
    13. Return Expectations in Active Investment Managements
    14. Combining Financial and Actuarial Risk: Simulation Analysis
    15. New Approaches to Portfolio Theory and Stock Market Equilibriums
    16. American Finance Association: Minutes of the Annual Membership Meeting December 29, 1981
    17. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1981
    18. Report of the Managing Editor of the Journal of Finance for 1981
    19. Back Matter
    1. Single Factor Duration Models in a Discrete General Equilibrium Framework (pages 325–338)

      G. O. BIERWAG, GEORGE G. KAUFMAN and ALDEN L. TOEVS

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03554.x

    2. Term Structure Modeling Using Exponential Splines (pages 339–348)

      OLDRICH A. VASICEK and H. GIFFORD FONG

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03555.x

    3. Optimal Bond Trading with Personal Tax: Implications for Bond Prices and Estimated Tax Brackets and Yield Curves (pages 349–352)

      GEORGE M. CONSTANTINIDES and JONATHAN E. INGERSOLL JR.

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03556.x

  6. Discussions

    1. Top of page
    2. Front Matter
    3. [Photograph]: Franco Modigliani, President of the American Finance Association, 1981
    4. The Presidential Address
    5. Session Topic: Issues in Corporate Finances
    6. Bond Markets
    7. Discussions
    8. Impact of Regulation on Money Market Institutions
    9. Risk Estimation in Active Investment Managements
    10. Dividend Policy and Valuation: Theory and Tests
    11. Regulation of Financial Markets: Principles and Applications
    12. Option Pricing Theory and its Applications
    13. Return Expectations in Active Investment Managements
    14. Combining Financial and Actuarial Risk: Simulation Analysis
    15. New Approaches to Portfolio Theory and Stock Market Equilibriums
    16. American Finance Association: Minutes of the Annual Membership Meeting December 29, 1981
    17. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1981
    18. Report of the Managing Editor of the Journal of Finance for 1981
    19. Back Matter
    1. DISCUSSION (pages 352–354)

      L. FISHER

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03557.x

    2. DISCUSSION (pages 354–356)

      J. V. JORDAN

      Version of Record online: 12 FEB 2016 | DOI: 10.1111/j.1540-6261.1982.tb00885.x

  7. Impact of Regulation on Money Market Institutions

    1. Top of page
    2. Front Matter
    3. [Photograph]: Franco Modigliani, President of the American Finance Association, 1981
    4. The Presidential Address
    5. Session Topic: Issues in Corporate Finances
    6. Bond Markets
    7. Discussions
    8. Impact of Regulation on Money Market Institutions
    9. Risk Estimation in Active Investment Managements
    10. Dividend Policy and Valuation: Theory and Tests
    11. Regulation of Financial Markets: Principles and Applications
    12. Option Pricing Theory and its Applications
    13. Return Expectations in Active Investment Managements
    14. Combining Financial and Actuarial Risk: Simulation Analysis
    15. New Approaches to Portfolio Theory and Stock Market Equilibriums
    16. American Finance Association: Minutes of the Annual Membership Meeting December 29, 1981
    17. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1981
    18. Report of the Managing Editor of the Journal of Finance for 1981
    19. Back Matter
    1. A General Equilibrium Money and Banking Paradigm (pages 357–369)

      ANTHONY M. SANTOMERO and JEREMY J. SIEGEL

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03558.x

    2. Aspects of Monetary and Banking Theory and Moral Hazard (pages 371–384)

      SUDIPTO BHATTACHARYA

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03559.x

    3. Structural Disequilibrium and the Banking Act of 1980 (pages 385–393)

      PAUL F. SMITH

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03560.x

    4. DISCUSSION (pages 393–395)

      R. E. LOMBRA

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03561.x

    5. DISCUSSION (pages 395–397)

      D. D. HESTER

      Version of Record online: 12 FEB 2016 | DOI: 10.1111/j.1540-6261.1982.tb00886.x

    6. DISCUSSION (pages 397–398)

      D. E. LINDSEY

      Version of Record online: 12 FEB 2016 | DOI: 10.1111/j.1540-6261.1982.tb00887.x

  8. Risk Estimation in Active Investment Managements

    1. Top of page
    2. Front Matter
    3. [Photograph]: Franco Modigliani, President of the American Finance Association, 1981
    4. The Presidential Address
    5. Session Topic: Issues in Corporate Finances
    6. Bond Markets
    7. Discussions
    8. Impact of Regulation on Money Market Institutions
    9. Risk Estimation in Active Investment Managements
    10. Dividend Policy and Valuation: Theory and Tests
    11. Regulation of Financial Markets: Principles and Applications
    12. Option Pricing Theory and its Applications
    13. Return Expectations in Active Investment Managements
    14. Combining Financial and Actuarial Risk: Simulation Analysis
    15. New Approaches to Portfolio Theory and Stock Market Equilibriums
    16. American Finance Association: Minutes of the Annual Membership Meeting December 29, 1981
    17. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1981
    18. Report of the Managing Editor of the Journal of Finance for 1981
    19. Back Matter
    1. Estimating Security Price Risk Using Duration and Price Elasticity (pages 399–411)

      ALEX O. WILLIAMS and PHILLIP E. PFEIFER

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03562.x

    2. DISCUSSION (page 413)

      E. SCHULMAN

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03563.x

  9. Dividend Policy and Valuation: Theory and Tests

    1. Top of page
    2. Front Matter
    3. [Photograph]: Franco Modigliani, President of the American Finance Association, 1981
    4. The Presidential Address
    5. Session Topic: Issues in Corporate Finances
    6. Bond Markets
    7. Discussions
    8. Impact of Regulation on Money Market Institutions
    9. Risk Estimation in Active Investment Managements
    10. Dividend Policy and Valuation: Theory and Tests
    11. Regulation of Financial Markets: Principles and Applications
    12. Option Pricing Theory and its Applications
    13. Return Expectations in Active Investment Managements
    14. Combining Financial and Actuarial Risk: Simulation Analysis
    15. New Approaches to Portfolio Theory and Stock Market Equilibriums
    16. American Finance Association: Minutes of the Annual Membership Meeting December 29, 1981
    17. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1981
    18. Report of the Managing Editor of the Journal of Finance for 1981
    19. Back Matter
    1. To Pay or Not to Pay Dividend (pages 415–428)

      NILS H. HAKANSSON

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03564.x

    2. The Effects of Dividends on Common Stock Prices Tax Effects or Information Effects? (pages 429–443)

      ROBERT H. LITZENBERGER and KRISHNA RAMASWAMY

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03565.x

    3. Costly Contracting and Optimal Payout Constraints (pages 457–470)

      KOSE JOHN and AVNER KALAY

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03567.x

    4. DISCUSSION (pages 470–472)

      G. M. CONSTANTINIDES

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03568.x

    5. DISCUSSION (pages 472–474)

      L. H. SUMMERS

      Version of Record online: 12 FEB 2016 | DOI: 10.1111/j.1540-6261.1982.tb00888.x

    6. DISCUSSION (pages 474–476)

      M. R. GIBBONS

      Version of Record online: 12 FEB 2016 | DOI: 10.1111/j.1540-6261.1982.tb00889.x

    7. DISCUSSION (pages 476–479)

      E. HAN KIM

      Version of Record online: 12 FEB 2016 | DOI: 10.1111/j.1540-6261.1982.tb00890.x

  10. Regulation of Financial Markets: Principles and Applications

    1. Top of page
    2. Front Matter
    3. [Photograph]: Franco Modigliani, President of the American Finance Association, 1981
    4. The Presidential Address
    5. Session Topic: Issues in Corporate Finances
    6. Bond Markets
    7. Discussions
    8. Impact of Regulation on Money Market Institutions
    9. Risk Estimation in Active Investment Managements
    10. Dividend Policy and Valuation: Theory and Tests
    11. Regulation of Financial Markets: Principles and Applications
    12. Option Pricing Theory and its Applications
    13. Return Expectations in Active Investment Managements
    14. Combining Financial and Actuarial Risk: Simulation Analysis
    15. New Approaches to Portfolio Theory and Stock Market Equilibriums
    16. American Finance Association: Minutes of the Annual Membership Meeting December 29, 1981
    17. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1981
    18. Report of the Managing Editor of the Journal of Finance for 1981
    19. Back Matter
    1. The Regulation of Financial and Other Futures Markets (pages 481–491)

      HENDRIK S. HOUTHAKKER

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03569.x

    2. Best Execution in Securities Markets: An Application of Signaling and Agency Theory (pages 493–504)

      KENNETH D. GARBADE and WILLIAM L. SILBER

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03570.x

    3. DISCUSSION (pages 517–519)

      F. R. EDWARDS

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03572.x

    4. DISCUSSION (pages 519–521)

      S. SMIDT

      Version of Record online: 12 FEB 2016 | DOI: 10.1111/j.1540-6261.1982.tb00891.x

    5. DISCUSSION (pages 521–523)

      A. KALAY

      Version of Record online: 12 FEB 2016 | DOI: 10.1111/j.1540-6261.1982.tb00892.x

  11. Option Pricing Theory and its Applications

    1. Top of page
    2. Front Matter
    3. [Photograph]: Franco Modigliani, President of the American Finance Association, 1981
    4. The Presidential Address
    5. Session Topic: Issues in Corporate Finances
    6. Bond Markets
    7. Discussions
    8. Impact of Regulation on Money Market Institutions
    9. Risk Estimation in Active Investment Managements
    10. Dividend Policy and Valuation: Theory and Tests
    11. Regulation of Financial Markets: Principles and Applications
    12. Option Pricing Theory and its Applications
    13. Return Expectations in Active Investment Managements
    14. Combining Financial and Actuarial Risk: Simulation Analysis
    15. New Approaches to Portfolio Theory and Stock Market Equilibriums
    16. American Finance Association: Minutes of the Annual Membership Meeting December 29, 1981
    17. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1981
    18. Report of the Managing Editor of the Journal of Finance for 1981
    19. Back Matter
    1. The Pricing of Commodity-Linked Bonds (pages 525–539)

      EDUARDO S. SCHWARTZ

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03573.x

    2. DISCUSSION (pages 540–541)

      J. E. INGERSOLL

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03574.x

  12. Return Expectations in Active Investment Managements

    1. Top of page
    2. Front Matter
    3. [Photograph]: Franco Modigliani, President of the American Finance Association, 1981
    4. The Presidential Address
    5. Session Topic: Issues in Corporate Finances
    6. Bond Markets
    7. Discussions
    8. Impact of Regulation on Money Market Institutions
    9. Risk Estimation in Active Investment Managements
    10. Dividend Policy and Valuation: Theory and Tests
    11. Regulation of Financial Markets: Principles and Applications
    12. Option Pricing Theory and its Applications
    13. Return Expectations in Active Investment Managements
    14. Combining Financial and Actuarial Risk: Simulation Analysis
    15. New Approaches to Portfolio Theory and Stock Market Equilibriums
    16. American Finance Association: Minutes of the Annual Membership Meeting December 29, 1981
    17. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1981
    18. Report of the Managing Editor of the Journal of Finance for 1981
    19. Back Matter
    1. Risk Adjusted Equity Performance Measurement (pages 555–561)

      JOHN NAGORNIAK

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03576.x

    2. Valuation Model Bias and the Scale Structure of Dividend Discount Returns (pages 563–573)

      RICHARD O. MICHAUD and PAUL L. DAVIS

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03577.x

    3. DISCUSSION (pages 573–576)

      F. B. RENWICK

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03578.x

  13. Combining Financial and Actuarial Risk: Simulation Analysis

    1. Top of page
    2. Front Matter
    3. [Photograph]: Franco Modigliani, President of the American Finance Association, 1981
    4. The Presidential Address
    5. Session Topic: Issues in Corporate Finances
    6. Bond Markets
    7. Discussions
    8. Impact of Regulation on Money Market Institutions
    9. Risk Estimation in Active Investment Managements
    10. Dividend Policy and Valuation: Theory and Tests
    11. Regulation of Financial Markets: Principles and Applications
    12. Option Pricing Theory and its Applications
    13. Return Expectations in Active Investment Managements
    14. Combining Financial and Actuarial Risk: Simulation Analysis
    15. New Approaches to Portfolio Theory and Stock Market Equilibriums
    16. American Finance Association: Minutes of the Annual Membership Meeting December 29, 1981
    17. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1981
    18. Report of the Managing Editor of the Journal of Finance for 1981
    19. Back Matter
    1. Plasm: Pension Liability and Asset Simulation Model (pages 585–594)

      HOWARD E. WINKLEVOSS

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03580.x

    2. SOFASIM: A Dynamic Insurance Model with Investment Structure, Policy Benefits and Taxes (pages 595–604)

      ALICE B. GOLDSTEIN and BARBARA G. MARKOWITZ

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03581.x

    3. DISCUSSION (pages 604–606)

      W. F. SHARPE

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03582.x

    4. DISCUSSION (pages 606–607)

      IRWIN TEPPER

      Version of Record online: 12 FEB 2016 | DOI: 10.1111/j.1540-6261.1982.tb00893.x

  14. New Approaches to Portfolio Theory and Stock Market Equilibriums

    1. Top of page
    2. Front Matter
    3. [Photograph]: Franco Modigliani, President of the American Finance Association, 1981
    4. The Presidential Address
    5. Session Topic: Issues in Corporate Finances
    6. Bond Markets
    7. Discussions
    8. Impact of Regulation on Money Market Institutions
    9. Risk Estimation in Active Investment Managements
    10. Dividend Policy and Valuation: Theory and Tests
    11. Regulation of Financial Markets: Principles and Applications
    12. Option Pricing Theory and its Applications
    13. Return Expectations in Active Investment Managements
    14. Combining Financial and Actuarial Risk: Simulation Analysis
    15. New Approaches to Portfolio Theory and Stock Market Equilibriums
    16. American Finance Association: Minutes of the Annual Membership Meeting December 29, 1981
    17. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1981
    18. Report of the Managing Editor of the Journal of Finance for 1981
    19. Back Matter
    1. Minimax Behavior in Portfolio Selection (pages 609–614)

      WILLIAM S. KRASKER

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03583.x

    2. Stochastic Portfolio Theory and Stock Market Equilibrium (pages 615–624)

      ROBERT FERNHOLZ and BRIAN SHAY

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03584.x

    3. Prologue to a Unified Portfolio Theory : “A Rose by Any Other Name Will Smell As Sweet”—Shakespeare (pages 625–635)

      HERBERT F. AYRES and JOHN Y. BARRY

      Version of Record online: 30 APR 2012 | DOI: 10.1111/j.1540-6261.1982.tb03585.x

  15. American Finance Association: Minutes of the Annual Membership Meeting December 29, 1981

    1. Top of page
    2. Front Matter
    3. [Photograph]: Franco Modigliani, President of the American Finance Association, 1981
    4. The Presidential Address
    5. Session Topic: Issues in Corporate Finances
    6. Bond Markets
    7. Discussions
    8. Impact of Regulation on Money Market Institutions
    9. Risk Estimation in Active Investment Managements
    10. Dividend Policy and Valuation: Theory and Tests
    11. Regulation of Financial Markets: Principles and Applications
    12. Option Pricing Theory and its Applications
    13. Return Expectations in Active Investment Managements
    14. Combining Financial and Actuarial Risk: Simulation Analysis
    15. New Approaches to Portfolio Theory and Stock Market Equilibriums
    16. American Finance Association: Minutes of the Annual Membership Meeting December 29, 1981
    17. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1981
    18. Report of the Managing Editor of the Journal of Finance for 1981
    19. Back Matter
  16. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1981

    1. Top of page
    2. Front Matter
    3. [Photograph]: Franco Modigliani, President of the American Finance Association, 1981
    4. The Presidential Address
    5. Session Topic: Issues in Corporate Finances
    6. Bond Markets
    7. Discussions
    8. Impact of Regulation on Money Market Institutions
    9. Risk Estimation in Active Investment Managements
    10. Dividend Policy and Valuation: Theory and Tests
    11. Regulation of Financial Markets: Principles and Applications
    12. Option Pricing Theory and its Applications
    13. Return Expectations in Active Investment Managements
    14. Combining Financial and Actuarial Risk: Simulation Analysis
    15. New Approaches to Portfolio Theory and Stock Market Equilibriums
    16. American Finance Association: Minutes of the Annual Membership Meeting December 29, 1981
    17. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1981
    18. Report of the Managing Editor of the Journal of Finance for 1981
    19. Back Matter
  17. Report of the Managing Editor of the Journal of Finance for 1981

    1. Top of page
    2. Front Matter
    3. [Photograph]: Franco Modigliani, President of the American Finance Association, 1981
    4. The Presidential Address
    5. Session Topic: Issues in Corporate Finances
    6. Bond Markets
    7. Discussions
    8. Impact of Regulation on Money Market Institutions
    9. Risk Estimation in Active Investment Managements
    10. Dividend Policy and Valuation: Theory and Tests
    11. Regulation of Financial Markets: Principles and Applications
    12. Option Pricing Theory and its Applications
    13. Return Expectations in Active Investment Managements
    14. Combining Financial and Actuarial Risk: Simulation Analysis
    15. New Approaches to Portfolio Theory and Stock Market Equilibriums
    16. American Finance Association: Minutes of the Annual Membership Meeting December 29, 1981
    17. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1981
    18. Report of the Managing Editor of the Journal of Finance for 1981
    19. Back Matter
  18. Back Matter

    1. Top of page
    2. Front Matter
    3. [Photograph]: Franco Modigliani, President of the American Finance Association, 1981
    4. The Presidential Address
    5. Session Topic: Issues in Corporate Finances
    6. Bond Markets
    7. Discussions
    8. Impact of Regulation on Money Market Institutions
    9. Risk Estimation in Active Investment Managements
    10. Dividend Policy and Valuation: Theory and Tests
    11. Regulation of Financial Markets: Principles and Applications
    12. Option Pricing Theory and its Applications
    13. Return Expectations in Active Investment Managements
    14. Combining Financial and Actuarial Risk: Simulation Analysis
    15. New Approaches to Portfolio Theory and Stock Market Equilibriums
    16. American Finance Association: Minutes of the Annual Membership Meeting December 29, 1981
    17. Report of the Executive Secretary and Treasurer for the Year Ending September 30, 1981
    18. Report of the Managing Editor of the Journal of Finance for 1981
    19. Back Matter
    1. Back Matter (pages x–xviii)

      Version of Record online: 12 FEB 2016 | DOI: 10.1111/j.1540-6261.1982.tb00895.x

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