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Intermediate Financial Theory
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Intermediate Financial Theory (2015)Intermediate Financial TheoryHow Financial Ratios and Firm Size Affect Profitability: Evidence from Food and Beverages Industry in Indonesia (2022)How Financial Ratios and Firm…Managerial Optimism: New Observations on the Unifying Theory (2019)Managerial Optimism: New Obse…Impacto das tecnologias de plantio no fluxo de caixa do produtor canavieiro (2017)Impacto das tecnologias de pl…IS THE CAPITAL STRUCTURE LOGIC OF CORPORATE FINANCE APPLICABLE TO INSURERS? REVIEW AND ANALYSIS (2015)IS THE CAPITAL STRUCTURE LOGI…CAPM: An Absurd Model (2015)CAPM: An Absurd ModelCustos de auditoria e governança corporativa (2013)Custos de auditoria e governa…Does the Use of Foreign Currency Derivatives Affect Firms' Market Value? Evidence from Colombia (2012)Does the Use of Foreign Curre…A utility based approach to energy hedging (2011)A utility based approach to e…The Equity Premium: ABCs (2008)The Equity Premium: ABCsEstimating the uncertainty of relative risk aversion (2008)Estimating the uncertainty of…The Equity Premium Puzzle: A Review (2007)The Equity Premium Puzzle: A …Consumption Based Asset Pricing Models (2007)Consumption Based Asset Prici…Measuring the US social discount rate (2006)Measuring the US social disco…Measuring Investors' Risk Appetite (2005)Measuring Investors' Risk App…Dynamic Asset Allocation (2003)Dynamic Asset AllocationChapter 14 The equity premium in retrospect (2003)Chapter 14 The equity premium…Optimum consumption and portfolio rules in a continuous-time model (1971)Time to Build and Aggregate Fluctuations (1982)A Theory of the Term Structure of Interest Rates (1985)Equity Premium: Historical, Expected, Required and Implied (2006)Review on Efficiency and Anomalies in Stock Markets (2020)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Determinants of corporate borrowing (1977)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Derivative markets in emerging economies: A survey (2015)Corporate risk management practices and firm value in an emerging market: a mixed methods approach (2018)Foreign currency derivative usage and firm value in Bangladesh: comparative analysis between exporters and non-exporters under exchange rate movements (2020)Prospect theory: An analysis of decision under risk (1988)Rare Disasters, Tail-Hedged Investments, and Risk-Adjusted Discount Rates (2012)Going Concern Opinion and Cost of Equity (2014)The Pricing Kernel Puzzle: Survey and Outlook (2016)Portfolio Selection (1952)Essays in the Theory of Risk-Bearing. (1972)A Capital Asset Pricing Model with Time-Varying Covariances (1988)Risk Management and Portfolio Optimization for Gas- and Coal-Fired Power Plants in Germany: A Multivariate GARCH Approach (2013)Performance of Utility Based Hedges (2015)The Minimum-CVaR strategy with semi-parametric estimation in carbon market hedging problems (2018)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Association Between Independent Auditor Fees and Firm Value: A Study of Brazilian Public Companies (2014)The application of citation count regression to identify important papers in the literature on non-audit fees (2018)Economic Forces and the Stock Market (1986)Stock Prices, Earnings, and Expected Dividends (1988)On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks (1993)Euro Area Sovereign Risk During the Crisis (2009)REGIONAL ECONOMIC OUTLOOK (2011)What do asset prices have to say about risk appetite and uncertainty? (2015)Corporate financing and investment decisions when firms have information that investors do not have (1984)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Cross-Section of Expected Stock Returns (1992)On Persistence in Mutual Fund Performance (1997)Corporate risk-taking, returns and the nature of major shareholders: Evidence from prospect theory (2017)Portfolio risk-return analysis: The case of the automotive industry in the Czech Republic (2017)Business process management and risk-adjusted performance in SMEs (2021)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Dynamic Asset Pricing Theory. (1993)Risk-Based Explanations of the Equity Premium (2008)A stochastic dominance analysis of yen carry trades (2009)Consumption-Based Asset Pricing Models (2011)
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  • 2015CAPM: An Absurd Model61 cited
  • 2011A utility based approach to energy hedging33 cited
  • 2012Does the Use of Foreign Currency Derivatives Affect Firms' Market Value? Evidence from Colombia31 cited
  • 2007Consumption Based Asset Pricing Models31 cited
  • 2013Custos de auditoria e governança corporativa29 cited
  • 2019Managerial Optimism: New Observations on the Unifying Theory23 cited
  • 2003Dynamic Asset Allocation23 cited
  • 2006Measuring the US social discount rate22 cited
  • 2015IS THE CAPITAL STRUCTURE LOGIC OF CORPORATE FINANCE APPLICABLE TO INSURERS? REVIEW AND ANALYSIS21 cited
  • 2017Impacto das tecnologias de plantio no fluxo de caixa do produtor canavieiro17 cited
  • 2022How Financial Ratios and Firm Size Affect Profitability: Evidence from Food and Beverages Industry in Indonesia17 cited

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  • 2008Estimating the uncertainty of relative risk aversion15 cited