Skip to content
Search
The American Finance Association
Publishers of the Journal of Finance
Menu
The AFA
Home
About the AFA
Join the AFA
AFA Governance
AFA Board
Officers and Directors
Board Reports
Financials
AFA Committees
AFFECT
Committee on Racial Diversity
Ethics Committee
Investment Committee
Nominating Committee
Bylaws
Code of Ethics
Policies
Awards
Fischer Black Prize
Future of Finance Award and Special Session
Morgan Stanley AFA Award
AFFECT
AFFECT Home
About AFFECT
AFFECT Events
News & Updates
Research in Academia
Women in Finance Directory
CORD
Junior Faculty Mentoring Program
Overview
Apply as a Mentee
Mentors and Mentorship
Annual Meeting
Leadership and Board
Frequently Asked Questions
Fellows
Ombudsperson
AFA History
Past AFA Presidents
Past Executive Secretary Treasurers
In Memoriam
Contact Us
Journal of Finance
Read the Journal
Web-Only Content
Replications and Comments
Corrigenda and Errata
Supplements
About the JF
Aims and Scope
Editorial Board
Editorial Policies
Journal Statistics
Current and Past Editors
Editor Reports
Nobel Prizes
Prizes
Annual Paper Prizes
Prize Winner Webinars
Rick Green Prize
Submit a Paper
Subscribe to the Journal
JF: I&P
Journal of Finance: Insights and Perspectives
Submission Guidelines and Requirements
Annual Meeting
AFA Annual Meeting
2026 Featured Sessions
Future Meetings
Past Meetings
Resources
AFA Finance Directory
AFA Professional Climate Report
Videos
Presidential Addresses
Annual Meetings
JF Prize Winner Webinars
AFFECT Videos
Masters of Finance
Historical Textbooks
AFA Ombudsperson
News & Events
AFA News
Conference Calendar
Call for Papers Calendar
Virtual Conferences and Events Calendar
Submit an Event
Careers
For Job Seekers – Main Site
For Job Seekers – Postdoc Career Connections
For Employers – Main
For Employers – Postdoc Career Connections
View All Issues
Volume 18: Issue 4 (December 1963)
Post navigation
Previous Post
Previous Issue
Volume 18: Issue 3 (September 1963)
Next Post
Next Issue
Volume 19: Issue 1 (March 1964)