Papers 1977

Working Papers 1977

Implications of Growing Institutionalization of the Stock Market
Irwin Friend

Market Discrimination, Credit Rationing and the Customer Relationship at Commercial Banks
John M. Mason

Stimulating Indexation
Nariman Behavesh and Athony M. Santomero

Inflation-Induced Distortions in Government and Private Saving Statistics
Jeremy J. Siegel
(Review of Economics and Statistics, Vol. 61, No. 1, February 1979)

The Cost of Equity Capital: A Reconsideration
M.J. Gordon and L.I. Gould
(Journal of Finance, Vol. 33, No. 3, June 1978)

Expectations, Commercial Bank Adjustment, and the Performance of Monetary Aggregates
John Mason, Richard Rogalski and Joseph D. Vinso

The Growth-Optimal General Equilibrium Market Model: A Reduced Form Expression for the Capital Market Line
David A. Umstead

Dynamic Estimation of Portfolio Betas
David A. Umstead and Gary L. Bergstrom
(Journal of Financial and Quantitative Analysis, Vol. 14, Issue 3, September 1979)

Recent Developments in Finance
Irwin Friend
(Journal of Banking and Finance, Vol. 1, Issue 2, October 1977)

A Note on the Modigliani-Miller Theorem and Bankruptcy
Simon Benninga

Consumption and Saving in Economic Development
Jean Crockett and Irwin Friend

Bank Credit Rationing and the Customer Relation
Norman R. Blackwell and Anthony M. Santomero
(Journal of Monetary Economics, Vol. 9, Issue 1, 1982)

The Pricing of Security Dealer Services: An Empirical Study of NASDAQ Stocks
Hans R. Stoll
(Journal of Finance, Vol. 33, No. 4, September 1978)

The Demand for Money and the Uncertainty of Interest Rates and Prices
J.M. Mason

Regulation of Bank Capital and Portfolio Risk
Michael Koehn and Anthony M. Santomero
(Journal of Finance, Vol. 35, No. 5, December 1980)

Implicit Consumer Valuations, Bankruptcy, the Value of the Firm and Dividend Policy
Simon Benninga

General Equilibrium with Financial Markets: Existence, Uniqueness and the Implications for for Corporate Finance
Simon Benninga
(Journal of Finance, Vol. 34, No. 2, May 1979)

Diversification and Asset Valuation in an International Capital Market
Etienne Losq

Sterilization Policy: The Trade-Off Between Monetary Autonomy and International Reserve Stability
Richard Herring and Richard Marston

Financial Planning for the Multinational Corporation with Multiple Goals
Joseph D. Vinso
(Journal of International Business Studies, Vol. 13, No. 3, Winter 1982)

New Evidence on the Capital Asset Pricing Model
Irwin Friend, Randolph Westerfield and Michael Granito
(Journal of Finance, Vol. 33, No. 3, June 1978)