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Tender Offers, Transactions Costs and the Theory of the Firm
10 references·10 citing·36 second hop
Tender Offers, Transactions Costs and the Theory of the Firm (1976)Tender Offers, Transactions Costs and the…The Adjustment of Stock Prices to New Information (2003)The Adjustment of Stock Price…Studies in the Theory of Capital Markets. (1973)Studies in the Theory of Capi…The capital asset pricing model: Some empirical tests (1972)The capital asset pricing mod…Capital Market Equilibrium with Restricted Borrowing (1972)Capital Market Equilibrium wi…EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)EFFICIENT CAPITAL MARKETS: A …Risk, The Pricing of Capital Assets, and The Evaluation of Investment Portfolios (1969)Risk, The Pricing of Capital …Market Making and Reversal on the Stock Exchange (1966)Market Making and Reversal on…Market and Industry Factors in Stock Price Behavior (1966)Market and Industry Factors i…Mergers and the Market for Corporate Control (1965)Mergers and the Market for Co…Rates of Return on Investments in Common Stocks (1964)Rates of Return on Investment…The Corporation, Competition, and the Invisible Hand (2016)The Corporation, Competition,…How Does the Market for Corporate Control Function for Property Companies? (2007)How Does the Market for Corpo…International Corporate Governance After Sarbanes-Oxley (2006)International Corporate Gover…Corporate takeovers, method of payment, and bidding firms' shareholder returns: Australian evidence (1992)Corporate takeovers, method o…Conglomerates in the 1980s: A Performance Appraisal (1989)Conglomerates in the 1980s: A…The impact of mergers in banking (1987)The impact of mergers in bank…Takeovers and Stockholders: Winners and Losers (1987)Takeovers and Stockholders: W…Mergers and market share (1986)Mergers and market shareAustralian Takeovers: Capital Market Efficiency and Shareholder Risk and Return (1984)Australian Takeovers: Capital…The effects of conglomerate mergers (1977)The effects of conglomerate m…The Nature of the Firm (1937)The Structure of Scientific Revolutions (1963)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Technology and Regional Development: A Survey (1983)The Essence of the Modern Corporation: Markets, Strategic Decision‐Making and the Theory of the Firm (1998)What Do We Know about Success and Failure of Mergers? (2001)Portfolio Selection: Efficient Diversification of Investments (1959)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)An Intertemporal Capital Asset Pricing Model (1973)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)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Dividend Policy, Growth, and the Valuation of Shares (1961)The Behavior of Stock-Market Prices (1965)Diversification, Ricardian Rents, and Tobin's q (1988)The Event Study Methodology Since 1969 (1998)Nonlinear Pricing Kernels, Kurtosis Preference, and Evidence from the Cross Section of Equity Returns (2002)Public Regulation of the Securities Markets (1964)The Random Character of Stock Market Prices (1968)On computing mean returns and the small firm premium (1983)Components of the Bid-Ask Spread and the Statistical Properties of Transaction Prices (1987)Testing for jumps when asset prices are observed with noise–a “swap variance” approach (2008)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Users of the world, unite! The challenges and opportunities of Social Media (2009)Multivariate tests of financial models (1982)Mean-Variance Spanning (1987)Consistent Covariance Matrix Estimation with Cross-Sectional Dependence and Heteroskedasticity in Financial Data (1989)Separation of Ownership and Control (1983)A Survey of Corporate Governance (1997)Risk, Return, and Equilibrium: Empirical Tests (1973)The arbitrage theory of capital asset pricing (1976)Efficient Capital Markets: II (1991)Performance Hypothesis Testing with the Sharpe and Treynor Measures (1981)Time-varying conditional covariances in tests of asset pricing models (1989)Measuring abnormal performance (1992)
this work references cited by second hop

References

  • 1970EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*15,723 cited
  • 1972Capital Market Equilibrium with Restricted Borrowing3,097 cited
  • 2003The Adjustment of Stock Prices to New Information3,063 cited
  • 1972The capital asset pricing model: Some empirical tests2,705 cited
  • 1965Mergers and the Market for Corporate Control2,364 cited
  • 1969Risk, The Pricing of Capital Assets, and The Evaluation of Investment Portfolios941 cited
  • 1973Studies in the Theory of Capital Markets.908 cited
  • 1966Market and Industry Factors in Stock Price Behavior838 cited
  • 1966Market Making and Reversal on the Stock Exchange371 cited
  • 1964Rates of Return on Investments in Common Stocks150 cited

Cited by

  • 2016The Corporation, Competition, and the Invisible Hand156 cited
  • 1977The effects of conglomerate mergers151 cited
  • 1986Mergers and market share142 cited
  • 1984Australian Takeovers: Capital Market Efficiency and Shareholder Risk and Return57 cited
  • 2007How Does the Market for Corporate Control Function for Property Companies?53 cited

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1987
Takeovers and Stockholders: Winners and Losers
50 cited
  • 2006International Corporate Governance After Sarbanes-Oxley47 cited
  • 1987The impact of mergers in banking42 cited
  • 1992Corporate takeovers, method of payment, and bidding firms' shareholder returns: Australian evidence31 cited
  • 1989Conglomerates in the 1980s: A Performance Appraisal25 cited