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Firm Value, Risk, and Growth Opportunities
16 references·16 citing·39 second hopsampled
Firm Value, Risk, and Growth Opportunities (2000)Firm Value, Risk, and Growth OpportunitiesTheory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure (1998)Theory of the Firm: Manageria…Theory of the firm; managerial Behavior, Agency Costs, and Ownership Structure (1996)Theory of the firm; manageria…Diversification's effect on firm value (1995)Diversification's effect on f…Tobin's q, Corporate Diversification, and Firm Performance (1994)Tobin's q, Corporate Diversif…Investment Under Uncertainty. (1994)Investment Under Uncertainty.Investment under Uncertainty (1994)Investment under UncertaintyRisk Management: Coordinating Corporate Investment and Financing Policies (1993)Risk Management: Coordinating…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…Managerial discretion and optimal financing policies (1990)Managerial discretion and opt…Why Does Stock Market Volatility Change Over Time? (1989)Why Does Stock Market Volatil…The Determinants of Firms' Hedging Policies (1985)The Determinants of Firms' He…The stochastic behavior of common stock variances Value, leverage and interest rate effects (1982)The stochastic behavior of co…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)ON THE PRICING OF CORPORATE D…On the Pricing of Corporate Debt: The Risk Structure of Interest Rates (1974)On the Pricing of Corporate D…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…The value of implementing enterprise risk management: Evidence from Taiwan’s financial industry (2019)The value of implementing ent…Enterprise Risk Management and Firm Value: Evidence from Brazil (2018)Enterprise Risk Management an…Analyzing financial performance by integrating conventional governance mechanisms into the GCC Islamic banking framework (2018)Analyzing financial performan…Managerial optimism and earnings smoothing (2014)Managerial optimism and earni…Corporate Disclosure, Market Valuation, and Firm Performance (2011)Corporate Disclosure, Market …Corporate Governance And Regulation : Can There Be Too Much Of A Good Thing ? (2007)Corporate Governance And Regu…Real options, irreversible investment and firm uncertainty: New evidence from U.S. firms (2005)Real options, irreversible in…Finance and Innovation: The Case of Publicly Traded Firms (2005)Finance and Innovation: The C…Did New Regulations Target the Relevant Corporate Governance Attributes? (2005)Did New Regulations Target th…Incentives vs. Control: An Analysis of U.S. Dual-Class Companies (2004)Incentives vs. Control: An An…Founder-Ceos, Investment Decisions, and Stock Market Performance (2004)Founder-Ceos, Investment Deci…Corporate Governance in Asia: Recent Evidence from Indonesia, Republic of Korea, Malaysia, and Thailand (2004)Corporate Governance in Asia:…Are Busy Boards Effective Monitors? (2004)Are Busy Boards Effective Mon…What is a Dollar Worth? The Market Value of Cash Holdings (2003)What is a Dollar Worth? The M…The Costs of Entrenched Boards (2003)The Costs of Entrenched BoardsGrowth, Corporate Profitability, and Value Creation (2002)Growth, Corporate Profitabili…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)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)The Behavior of Stock-Market Prices (1965)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 Cost of Capital, Corporation Finance and the Theory of Investment (1958)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Pricing of Options and Corporate Liabilities (1973)Option pricing when underlying stock returns are discontinuous (1976)The valuation of options for alternative stochastic processes (1976)An equilibrium characterization of the term structure (1977)Corporate financing and investment decisions when firms have information that investors do not have (1984)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Firms, Contracts, and Financial Structure (1995)A Survey of Corporate Governance (1997)On financial contracting (1979)Optimal capital structure under corporate and personal taxation (1980)The investment opportunity set and corporate financing, dividend, and compensation policies (1992)Managerial incentives and risk-taking☆ (2005)The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis (2008)The Nature of the Firm (1937)Separation of Ownership and Control (1983)Law and Finance (1998)Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends? (1980)Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation (1982)Expected stock returns and volatility (1987)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)ARCH modeling in finance (1992)The Cross‐Section of Volatility and Expected Returns (2006)The Stochastic Behavior of Commodity Prices: Implications for Valuation and Hedging (1997)The Value Premium (2005)Policy Uncertainty and Corporate Investment (2015)Capital markets research in accounting (2001)INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)Reputation Acquisition in Debt Markets (1989)Finance and Growth: Theory and Evidence (2004)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1974ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*10,779 cited
  • 1994Investment Under Uncertainty.9,497 cited
  • 1994Investment under Uncertainty9,016 cited
  • 1996Theory of the firm; managerial Behavior, Agency Costs, and Ownership Structure4,245 cited
  • 1990Managerial discretion and optimal financing policies3,679 cited
  • 1989Why Does Stock Market Volatility Change Over Time?3,433 cited
  • 1985The Determinants of Firms' Hedging Policies3,270 cited
  • 1995Diversification's effect on firm value3,069 cited
  • 1993Risk Management: Coordinating Corporate Investment and Financing Policies2,897 cited
  • 1974On the Pricing of Corporate Debt: The Risk Structure of Interest Rates2,752 cited
  • 1998Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure2,749 cited
  • 1994Tobin's q, Corporate Diversification, and Firm Performance2,437 cited

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1982
The stochastic behavior of common stock variances Value, leverage and interest rate effects
2,382 cited

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