The concept that corporate investment-growth decisions are constrained by a profit opportunities schedule is central to much of the literature on finance and the theory of the firm. These writings suggest that, for a single firm: (1) the profit opportunities schedule is a decreasing function of investment growth (the slope reflecting, inter alia, competitive conditions); (2) the schedule shifts to the right with changes in national income (except for a firm producing income-inferior goods), and (3) the schedule's position (intercept) at a moment in time reflects a host of factors that are summarized by the term “management.”

In this paper the results of some new structural estimates of liquidity preference may be found. The justification for presenting them is that they differ from earlier estimates in certain ways. In some cases, the implications of these estimates differ sharply from the implications drawn by other observers on the basis of their estimates.

This paper examines the determinants of underwriters' spreads on tax exempt bond issues. In particular, it investigates the effect on spreads of differences in issue quality, term to maturity, and size. In addition, changing money market conditions and variations in the degree of competition among underwriters of tax exempts are analyzed for their influence on spread behavior. The relationships are studied for virtually all state bond issues sold between July 1, 1959 and December 31, 1965. The principal method of investigation is multiple regression analysis.

There is little question that stock options have value, but there is considerable question as to how stock options should be valued. Persons studying the valuation question and writing in business periodicals have tied the value of the stock option to the expected or the actual appreciation in the value of the stock.

The incidence of churches as forerunners of merchant colonies in the Mediterranean is suggested in this exploratory study of medieval business and religion.

Were Japanese entrepreneurs of the Meiji period “community-centered” and motivated by the “samurai spirit” — as often argued? The career of Yataro Iwasaki offers a different view of Meiji entrepreneurship and government policy.

Perhaps no American novel has cut businessmen so unremittingly as Sinclair Lewis' Babbitt. Yet at the time of its appearance in 1922 reactions were surprisingly mixed. As an introduction to the persistence of “Babbittry” in the United States — in. life as in the lexicon of invective — the passions aroused during the first decade of “George Babbitt's” life bear review.

In servicing the foreign-held debt of the United States during 1785–1787, public policy delegated a considerable portion of the process to private businessmen. The results certainly question the efficacy of the private conduct of public affairs in the financing of the new American nation.