The Journal of Finance

The Journal of Finance publishes leading research across all the major fields of finance. It is one of the most widely cited journals in academic finance, and in all of economics. Each of the six issues per year reaches over 8,000 academics, finance professionals, libraries, and government and financial institutions around the world. The journal is the official publication of The American Finance Association, the premier academic organization devoted to the study and promotion of knowledge about financial economics.

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PLAYING WITH PORTFOLIOS

Published: 03/01/1975   |   DOI: 10.1111/j.1540-6261.1975.tb03164.x

R. A. Brealey, S. D. Hodges


The Rate of Return on New Investment in the UK

Published: 06/01/1980   |   DOI: 10.1111/j.1540-6261.1980.tb03501.x

S. D. HODGES, R. A. BREALEY


Debt, Taxes and Leasing A Note

Published: 12/01/1980   |   DOI: 10.1111/j.1540-6261.1980.tb02207.x

R. A. BREALEY, C. M. YOUNG

This paper discusses the implications of Miller's paper “Debt and Taxes” for the valuation of leases. It shows that if Miller's equilibrium holds, leasing is only likely to dominate debt and equity for companies in temporary nontaxpaying positions.