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SOURCES AND USES- OF BUSINESS FUNDS
Financing problems and size of business
Debt vs. equity financing
Internal vs. External financing in Business Investment
SOURCES AND USES OF FUNDS OF U.S. BUSINESS: STATISTICAL
STUDIES
ABBOTT, Charles C.
Sources of Business Funds: Selected Statistics,
1930-44, REVIEW OF ECONOMIC STATISTICS, Vol. 23, no.
3, August, 1946, pp. 135-H5.
Author File
ABBOTT, Charles C^
"The availability of new equity capital,71
AMERICAS ECONOMIC REVIEW, SUPPLEMENT, XXXII, March
1942.
Equity vs* debt financing
ABBOTT, Charles Cortez
The Availability of New Equity Capital, THE
AMERICAN ECONOMIC REVIEW, SUPPLEMENT, XXXII, Part 2,
March, 191*2, pp. 129-140.
Discussion:Earl J. Hamilton} Julius Grodinskyj G. H. Evans, Jr.;
ibid., pp. 156-164.
Determinants of investment decisions
ABBOTT, C. C. and ZUCKEET, E. M.
Venture c a p i t a l and t a x a t i o n , QUAETEPLY
JOURNAL OF ECONOMICS,
August, 1941.
ALEXANDER, Sidney S.
Changes in the Financial Structure of
American Business Eaterprise, 1900-1940. New York,
National Bureau of Economic Research, manuscript,
1943-
/
Sconce^ 4 Vcrtfun* CcufutoS)
***iw fit** .
BOGEN, Jules I.
The importance of equity financing in the
American economy, JOURNAL OF FINANCE, Vol. V, No*
2, June, 1950.
BRIDGE, Lawrence
The financing of investment by new firms, in
CONFERENCE ON RESEARCH IN BUSINESS FINANCE- New
York: National Bureau of Economic Research, 1952, pp
65-75J discussion by Joseph K. Wexraan, A- R. Oxenfildt, and D, B. Woodward, ibid., pp. 75-87.
CHUDSON, Walter H.
THE PATTERN OF CORPORATE FINANCIAL STRUCTURE:
A CROSS-SECTION VIEW OF MANUFACTURING, MINING, TRADE
AND CONSTRUCTION, 1937. New York: National Bureau
of Economic Research, 194-5, Pp. xiv, 148.
Review: by F. V. Mueller, Jr., JOURNAL OF POLITICAL
ECONOMY, LIV, Aug. 1946, pp. 373-4.
by C. C. Abbott, EEUIEW OF ECONOMICS AND
STATISTICS, vol. 28, Feb. 1946, pp. 43-51
CHUDSON, Walter A.
THE PATTERN OF CORPORATE FINANCIAL STRUCTURE:
A fcgOSS-SECTIQN VIEW OF MANUFACTURING, MINING,
TRADE, AND CONSTRUCTION, 1 9 3 7 . New York: N a t i o n a l
Bureau o f Economic R e s e a r c h , 1 9 4 5 .
COREI, Edwin R.
DIRECT PLACEMENT OF CORPORATE SECURITIES.
Boston, Harvard University Graduate School of
Business Administration, 1951*
CUBRI, 0. J .
UTILIZATION OF CORPORATE PROFITS IH PROSPERITY
AND DEPRESSION ("Michigan Business Studies, Vol. IX,
No. 4 ) . Ann Arbor: University of Michigan, 1941.
Pp. 131.
Reviewed by L. H. Seltzer, JPE, xLix, Dec. 1941, pp. 940941
GURRY, 0 .
J.
UTILIZATION OF CORPORATE PROFITS IN PROSPERITY
AND DEPRESSION.
1941.
DISKS, F. C.
Wartime financing of manufacttiring and trade
concerns, FEDERAL RESERVE BULLETIN,
April, 1945.
Pp. 18.
DOBROVOLSKY, Sergei P.
CORPORATE INCOME RETENTION, 1915-43. Nev York:
National Bureau of Economic Research, 1951. Pp.
xviii, 122.
Review: by Lorie Tarshis, JOURNAL OF POLITICAL ECONOMY,
LX, Dec. 1952, p. 539.
by Harold W. Torgerson, AMERICAN ECONOMIC REVIEW,
v. A3, March, 1953, pp. 204-5.
DUNCAN, Acheson J* and KISSELGOFF, Avram
f
Free money1 of large manufacturing corporations
and rate of interest, ECONOMETRICA, Vol* 14, No, 3,
July, 1946, pp. 251-53; "A Reply" by A. Kisselgoff,
ibid., pp. 254-
DUNCAN, Achewa
f
Free wmeij* of large wmtt factoring corporations
and the rata of intereet," ECOHQMETBICA, Vol. H ,
no. 3 , July, UMb, pp. 253>-3
KISSELGOFF, Avram: A Reply, i b i d . , pp. ?54-
DURAND, David
Costs of Debt and Equity Funds for Business
Trends and Problems of Measurement, in CONFERENCE
ON RESEARCH IN BUSINESS FINANCE. New York:
National Bureau of Economic Research, 1952, pp. 215247.
Discussion: by Clay J. Anderson and others and
summary, pp. 243-261.
EDDT, George
"The present status of new security issues,"
REVIEW OF ECONOMIC STATISTICS, Vol. 21,
1939, pp. 116-121.
M
Securities - New i s s u e s
Bd<ty, George A#
The present s t a t u s of new security issues*
( I n : Review of kconoraic S t a t i s t i c s , August 1959,
p.116-21)
The author a t t r i b u t e s the lower volume of
new security i s s u e s to the d i s i n c l i n a t i o n of the
borrowers for funds*
If
Securities - New Issues*
Eddy, George A*
Security Issues and real Inrestment In 1929.
(In: ReTlew of Economic Statistics, May 1937 tp*
79-91* )
Suggests that after analysis of figures of
new Issues It Is clear that new coital Issues
are not a reliable measure of new real Inrestment*
Capital
Author
EDDI, G. A.
Security Issues and Real Investment in 1929,"
THE REVIEW OF ECONOMIC STATISTICS,
May, 1937.
FABRICANT, Solomon
Discussion on 'Origin and Flow of Investment Funds,w
ECONOMETRICA, Vol. 17, April, 1949, pp. 172-3 (abstract
only).
FEDERAL RESERVE BOLLETIN
Financing Large Corporations in 1950,
Vol- 37, No- 9, August 1951.
Financing of Large Corporations in 1951,
Vol- 38, No- 6, June, 1952.
FOULKE, R. A*
Expansion from retained earnings, 19^0-^944•
Nev York: Dun and Bradstreet, 194*6. Pp. 79.
HARRISON, George L.
^Some Observations on Equity Financing."
An address before the New York Chapter of the
AMerican Society of Chartered Life Underwriters,
April 16, 1943.
HEESEY, A. D.
Sources and uses of corporation funds,
JOURNAL OF THE AMERICAN STATISTICAL ASSOCIATION,
June, 1941.
HOOVER, Edgar M* and KLEIN, Burton H.
Factors Influencing the Demand for Funds byBusiness Enterprises, and the Problem of greeting
Business Capital Requirements, in CONFERENCE ON
RESEARCH IN BUSINESS FINANCE. New York: National
Bureau of Economic Research, 1952, pp. 39-120.
Pt. 1 "Analysis of the Problem and Discussion of Procedmres,"
Discussion: by E. D. Domar and 0. J. Firestone, ibid.,
pp. 138-U3-
HUBBARD, Joseph B.
Nonreflanding security flotations and capital
structures, REVIEW OF ECONOiMIC STATISTICS, XXV,
August, 1943, ?p. 192-201.
HUBBARD, Joseph B.
Industrial bond and preferred stock refundings,
1933-1937, REVIEW OF ECONOMIC STATISTICS, XXII, No. 1,
February, 1940, pp. YJ-UU.
detailed examination of irefunding
operations of industrial corporations
debt vs. equity financing
HUBBARD, Joseph B.
Easy money: doctrine and results, HARVARD
BUSINESS REVIEW, Vol. XIX,
1940/41, ?P- 52-65.
Capital markets - debt vs.
equity financing
HUBBARD, Joseph B.
I n d u s t r i a l bond and preferred stock refundings,
1933-1937, REVIEW OF ECONOMIC STATISTICS, XXII,
1940, pp. 17-44, 182.
HUBBARD, Joseph B.
Industrial bond and preferred stock refundings,
1933-1937, REVIEV,' OF ECONOMIC STATISTICS, XX,
1933, pp. 161-3A.
HULTGREN, Thor
CYCLICAL DIVERSITIES IN THE FORTUNES OF
INDUSTRIAL CORPORATIONS. Occasional Paper No. 32.
New York: National Bureau of Economic Research, 1950,
Pp. tt, • 29
JACOB!, Neil H. and VESTON, J. Fred
Factors Influencing Managerial Decisions in
Determining Forms of Business Finance: An ExploratoryStudy, in CONFERENCE ON RESEARCH IN BUSINESS FINANCE.
New York: National Bureau of Economic Research, 1952,
pp. U5-195.
JACOBT, Neil H.
"The demand for funds by American business
enterprises} retrospect and prospect," JOURNAL OF
FINANCE, Vol. I l l , No. 3 , October, 1943, pp. 27^38;
Vol. IV, No. 1, March, 1949, pp. 4-7-59.
JACOBY, Neil H. 8nd R. J. SADLNIER
Business Finance and Banking. New York,
National Bureau of Economic Research, 1947.
internal vs. external financing
of private investment
JERVIS, F. R.
The supply of capital to nev business, JOURNAL OF
INDUSTRIAL ECONOMICS, IV, No. 2, Feb., 1956, pp. 151160.
"r/?./***.^
JONES, Homer
The Investigation of Factors Influencing the
Form in which Funds are Made Available for Business
Investment, in CONFERENCE ON RESEARCH IN BUSINESS
FINANCE* New York: National Industrial Conference
Board, 1952, pp. 199-208.
Discussion: by R, W. Goldsmith, Mnbd). B. Woodward,
J.S. Earley,pp* 208- 214•
JONES, Homer
"The Flow of Savings," Journal of Finance,
Oct. 1948* PP- 1-26} March 1949,
pp. 28-46.
inadequate equity funds contributed to depression
more restrained use of debt instrument in some sectors of economy in 1920s would have prevented some
of malformations of that period and the prolongation of the ensuring depression of 1930s.
w
The Investigation of Factors Influencing the Form
in which funds are made available ror business
investment,11 CONFERENCE ON RESEilRCH IN BUSINESS
FINANCE. Universities-National Bureau Committee,
N.Y., NBER, 1952.
KEISTER, A. S.
Recent Tendencies i n Corporation Finance, JOURNAL
OF POLITICAL ECONOMY, Vol. 3 0 , A p r i l , 1922. pp. 257-73.
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KEMMERER, Donald L.
"American Financial Institutions. The Marketing
of Securities, 1930-1952. THE JODRKAL OF ECONOMIC
HISTORY, XII, No. 4-, Fall 1952, pp. 4-54-468.
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KISSELGOFF, Avram
f
Free money1 of large manufacturing
corporations and the rate of interest: a reply,"
ECONOMETRICA, Vol. U , July, 1946, p. 254.
KISSELGOFF, Avram
Liquidity preference of large nuoofacturing
c o r p o r a t i o n s (1921-1939), ECOHOMETRICA, Vol. 1 3 , n o .
A, O c t . 1945.
KISSELGOFF, Avram
Liquidity preference of large manufacturing
corporations (1921-1939), ECONOMETKECA, Vol. 13,
October, 1945, pp. 334-344.
KLEIN, L. R. and MARGOLIS, J.
Statistical studies of unincorporated
business, THE REVIEW OF ECONOMICS & STATISTICS,
Vol. 3h, Feb. 1954, pp. 33-46.
KOCH, Albert R.
Factors Influencing the Demand for Funds by
Business Enterprises, and the Problem of Projecting
Business Capital Requirements (Pt. 2; A Method of
Projecting Expenditures and Financial Requirements of
Manufacturing Corporations under Full-Employment
Conditions•" New York: National Bureau of Economic
Research, 1952, pp. 121-138Discussion and Comment by E» D. Domar, and 0. J* Firestone, ibid., 138-H3*
LINTNER, John
Distribution of incomes of corporations among
dividends, retained earnings, and taxes, AMERICAN
ECONOMIC EEVIEtf, SUPPLEMENT, Vol. -46, May, 1945, pp.
97-1J3.
Discussion: Loyd Ulman and Lorie Tarshis, pp. 1L4-18.
LINTNER, John
The determinants of corporate savings, in
SAVINGS IN THE MODERN ECONOMI, ed. by W# V# Heller
e t a l . j Minneapolis: University of Minnesota Press,
1953-
LUTZ, Friedrich A.
CORPORATE CASH BALANCES, 19U-43: MANUFACTURING
AND TRADE. (Financial Research Program, Studies in
Business Financing). Nev York: National Bureau of
Economic Research, 1945. Pp. xiv + 132.
Reviev:
by C. C. AbbAtt, REVIEW OF ECONOMIC STATISTICS,
Vol. 28, Feb., 1946, pp. 48-51.
McHUGH, Loughlin F.
The development of historical series on sources
and uses of corporate funds, in CONFERENCE ON
RESEARCH IN BUSINESS FINANCE. New York: National
Bureau of Economic Research, 1952, pp. 1-15?
discussion by F. C. Dirks, Eli Shapiro, and G. R.
Evans, Jr., pp. 16-64.
covers 1926-52
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T. N. E. C. - Investigation of Concentration
Merwin, Charles L.
FINANCIAL CHRACTERISTICS OF AMERICAN
MANUFACTURING CORPORATIONS, Monograph No. 15.
Washington: Government Printing Office, 1940.
Pp. 442.
Merlin , Lksrl** I*-
H^f^afU fr / -T
MODIGLIANI, Franco and ZEMAN, Morton
"The Effect of the Availability of Funds, and
the terms Thereof, on Business Investment," in CONFERENCE
ON RESEARCH IN BUSINESS FINANCE. New York: National
Bureau of Economic Research, 1952, pp. 263-309*
Discussion: by L. R# Klein, G. L. Bach, pp. 309-316.
In 1st part - brief discussion of some theoretical
aspects of manner in which interest rates and
expected-earnings/price relationships affect both
business investment and entrepreneurial choice; and 2nd
statistical test of latter—against historical data
since 1920.
QUANTTOS, Prances W.
"Corporate versus noncorporate
business borrowers: a case study," (University
of Illinois) CURRHfT ECOHOMIC C0MM1HT, Vol. 16,
Mo. 2, May 1954, pp. 13-17.
SAULNIER, R. J. and JACOBI, Neil H.
FINANCING EQUIPMENT FOR COMMERCIAL AND
INDUSTRIAL ENTEBPBISE. ("Financial Research
Program, Studies in Business Financing.".
New York: National Bureau of Economic Research,
Inc., 1944. Pp. xv, 95.
SCHMIDT, Charles H.
Analyzing the Effects of Business Size on
Sources and Uses of Funds, in CONFERENCE ON RESEARCH
IN BUSINESS FINANCE- New York, National Bureau of
Economic Research, 1952, pp. 35-62.
Discussion; by R. V. Roosa, pp. 62-64*
SNIDER, Joseph L.
Security issues in the United States: 1909-1920,
THE REVIEW OF ECONOMIC STATISTICS, Preliminary Vol. 3 ,
May, 1921, pp. 98-102.
ULMER, Melville J*
Trends and Cycles in Capital Formation and
Financing ("Studies in Capital Formation and Financing,
No. 4-3•) New York: National Bureau of Economic Resear
1954. P P- 70.
UNIVERSITIES-NATIONAL BUREAU COMMITTEE FOR
ECONOMIC RESEARCH
CONFERENCE ON RESEARCH IN BUSINESS FINANCE.
New York: National Bureau of Economic Research, 1952.
Pp. xviii + 340.
Review: by John P. Shelton, JOURHAL OF POLITICAL
ECONOMY, LXI, April, 1953, pp. 131-2.
economic implications of business
finance
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WALTER, J. E.
The use of borrowed funds, JOURNAL OF HJSINESS
April, 1955, PP. 138-48.
equity vs. debt financing
WALTER, James E*
"Liquidity and Corporate Spending,ff
JOUPNAL OF FINANCE, VIII, No. 4, December, 1953, pp.
369-387.
Financial behavior pattern—expansionary influence of
liquid asset holdings
spending decisions of large non-financial
corporations
¥ATKINS, L. L.; Ruggles, C. 0 .
"The Banking S i t u a t i o n and Recent. Corporate
Financing," AMERICAN ECONOMIC REVIEW, SUPPLEMENT,
XVII, No. 1, March, 1927, pp. 3 6 - 4 1 .
WEIDENHAMMER, Robert
"Causes and Repercussions of the
Faulty Investment of Corporate Savings,
AMERICAN ECONOMIC REVIEW, m i l , March 1933, pp. 35-
U.
WOODWARD, Donald B.
Changes in Capital Financing, JOURNAL OF THE
AMERICAN STATISTICAL ASSOCIATION, Vol. 33, No. 201,
March, 1938, pp. 12-20.
WOODWARD, Donald B.
"Changes i n c a p i t a l f i n a n c i n g , " JOURNAL OF THE
AMERICAN STATISTICAL ASSOCIATION, Vol. XXXIII, March
1938.
WOOLFSON, A. P.
Corporate financing and Credit Regulation,
BANKERS MAGAZINE,
October, 1937.
Pp. 7.
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