Part I. Short-Term Interest Rates and Financial Management. The component of short-term interest rates (T.W. Miller, B.K. Stone). A study of short-term financial management techniques (C.E. Maxwell, L.J. Gitman and S.A.M. Smith). The cash balance model of Miller-Orr (W.R.L. Taylor, J.A. Yoder). Part II. Financing Alternatives: Trade Credit Analysis and Bank Loans Under Debtor-in-Possession Financing. Constrained optimal trade credit terms in a competitive pricing model (B.D. Kluger). The analysis of credit policy changes with growing and seasonal sales (K.D. Riener). Debtor-in-possession financing and the uniqueness of bank loans: evidence from borrowers and lenders perspectives (F.A. Elayan, J.Li). Part III. Cash Dividend, Dividend Initiation and Tax Rate Changes. Cash dividend payments: an examination of the signalling and agency costs hypothesis (S. Mukherji, M.S. Dhatt and C.F. Richards). Investor cognizance and price reactions to dividend initiation (H. Jo, C. Kang and Y.H. Kim). Evaluation of the effect of tax rate changes (M-W. Rhee, A.E. Avery).