Jacob B. Michaelsen, The Determinates of Corporate Dividend Policies, The Journal of Financial and Quantitative Analysis, Vol. 1, No. 1, Proceedings of the First Annual Meeting of the Western Finance Association (Mar., 1966), pp. 29-29b

Journal Article The Term Structure of Interest Rates: Comment Get access Jacob B. Michaelsen Jacob B. Michaelsen University of California, Berkeley Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 77, Issue 1, February 1963, Pages 166–174, https://doi.org/10.2307/1879382 Published: 01 February 1963

A theoretical model capable of supporting a rigorous analysis of portfolio selection in financial intermediaries appeared only recently. In the absence of a suitable theoretical framework, the limitations of maximizing behavior as an explanation of the selection of asset and liability structures in this class of firms were obscured. Discussions bearing on this question usually focused on the structure of one or the other side of intermediary balance sheets and gave little attention to the effects of these structures on the risk associated with their equity.

John Bossons, William F. Sharpe, Jacob B. Michaelsen, William Beranek, Business Finance: Innovations in Analysis: Discussion, The Journal of Finance, Vol. 21, No. 2, Papers and Proceedings of the Twenty-Fourth Annual Meeting of the American Finance Association, New York, New York, December 28-30, 1965 (May, 1966), pp. 245-252