Knowledge that Transforms

David K. Eiteman, Charles A. D'Ambrosio, James C. Van Horne, [Outlook for the Securities Industry]: Discussion, The Journal of Financial and Quantitative Analysis, Vol. 7, No. 2, Supplement: Outlook for the Securities Industry (Mar., 1972), pp. 1702-1705

Considering Professors Monroe's and Trieschmann's own analysis and methodology, it seems that their conclusion and implications of the results are considerably reduced in scope from those presented in their paper. I would like to discuss this new approach within the broader scope of their work. I will conclude with several points which closely relate to their work but which are not, by their choice, a part of the present paper.

A. James Boness, Andrew H. Chen, Som Jatusipitak, On Relations Among Stock Price Behavior and Changes in the Capital Structure of the Firm, The Journal of Financial and Quantitative Analysis, Vol. 7, No. 4 (Sep., 1972), pp. 1967-1982

Jerry L. Jordan, Comment: The Strange Journey of Monetary Indicators, The Journal of Financial and Quantitative Analysis, Vol. 7, No. 2, Supplement: Outlook for the Securities Industry (Mar., 1972), pp. 1643-1646

During the first half of the 1960s the U.S. Treasury conducted eleven advanced refundings. Publicly held Treasury securities aggregating $188, 631 million were made eligible for exchange and $62, 642 million were exchanged — an aggregate exchange ratio of 33 percent.

I am going to consider three questions. First, what have been the trends in the institutionalization of savings and, as a consequence, in the evolving role of institutions in the equity markets? Second, what have been the effects of these trends on the securities industry, narrowly defined; that is, on the securities broker-dealers. And, third, what have been the effects of these trends on the financial markets and the economy as a whole?

Christian T. L. Janssen, Comment: Deposit Insurance in the United States--Evaluation and Reform, The Journal of Financial and Quantitative Analysis, Vol. 7, No. 2, Supplement: Outlook for the Securities Industry (Mar., 1972), pp. 1613-1618

James L. Bicksler, Comment: Portfolio Theory and Industry Cost-of-Capital Estimates, The Journal of Financial and Quantitative Analysis, Vol. 7, No. 2, Supplement: Outlook for the Securities Industry (Mar., 1972), pp. 1463-1467

Matthew Robertson, A Note on the Flow of Capital in Outstanding Common and Preferred Shares Between Canada and the United States, The Journal of Financial and Quantitative Analysis, Vol. 7, No. 1 (Jan., 1972), pp. 1425-1427

Michael H. Hopewell, Comment: A Model of Capital Asset Risk, The Journal of Financial and Quantitative Analysis, Vol. 7, No. 2, Supplement: Outlook for the Securities Industry (Mar., 1972), pp. 1673-1677