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An Empirical Investigation of the Association Between Productivity and Firm Value
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An Empirical Investigation of the Association Between Productivity and Firm Value (1989)An Empirical Investigation of the Associa…Measuring manufacturing performance: a new challenge for managerial accounting research (1983)Measuring manufacturing perfo…Productivity and the Services of Capital and Labor (1981)Productivity and the Services…The information content of security prices (1980)The information content of se…Value Added as a Focus of Attention for Financial Reporting: Some Conceptual Problems (1977)Value Added as a Focus of Att…Estimates of the Marginal Rate of Time Preference and Average Risk Aversion of Investors in Electric Utility Shares: 1960-66 (1971)Estimates of the Marginal Rat…SOME ESTIMATES OF THE COST OF CAPITAL TO THE ELECTRIC UTILITY INDUSTRY, 1954-57 (1966)SOME ESTIMATES OF THE COST OF…The power of the business media: Evidence from firm‐level productivity (2023)The power of the business med…Chief Executive Officer Attributes and the Value of the Firm: Does Firm Size Play a Moderating Role? (2022)Chief Executive Officer Attri…Initial resource heterogeneity differences between family and non-family firms: Implications for resource acquisition and resource generation (2017)Initial resource heterogeneit…Tax Planning and Firm Value: A Review of Literature (2016)Tax Planning and Firm Value: …Intellectual capital vs the book-value of assets (2013)Intellectual capital vs the b…Do Gay-Friendly Corporate Policies Enhance Firm Performance? (2013)Do Gay-Friendly Corporate Pol…A Re-Examination of Diversification and Firm Productivity (2011)A Re-Examination of Diversifi…A eficácia informativa da demonstração do valor adicionado (2003)A eficácia informativa da dem…The Impact of Performance Plan Adoption on Value Added and Earnings (1994)The Impact of Performance Pla…Net Value Added as An Explanatory Variable for Returns (1994)Net Value Added as An Explana…The balanced scorecard : measures that drive performance (1992)The balanced scorecard--measures that drive performance. (1992)Intellectual capital: The new wealth of organizations (1998)Value relevance of human capital based disclosures: Moderating effects of labor productivity, investor sentiment, analyst coverage and audit quality (2014)Intellectual capital and firm performance: an extended VAIC model (2019)The relationship between intellectual capital and employees' productivity: evidence from the Gulf Cooperation Council (2020)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Equilibrium in a Capital Asset Market (1966)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)On cross-sectional analysis in accounting research (1987)The Ability of Earnings to Predict Future Earnings and Cash Flow (1994)Product Mix and Earnings Volatility at Commercial Banks: Evidence from a Degree of Total Leverage Model (2001)Rational Expectations and the Theory of Price Movements (1961)An Empirical Evaluation of Accounting Income Numbers (1968)Risk, Return, and Equilibrium: Empirical Tests (1973)Further Evidence On Investor Overreaction and Stock Market Seasonality (1987)An analysis of intertemporal and cross-sectional determinants of earnings response coefficients (1989)Capital markets research in accounting (2001)Accounting in its social context: Towards a history of value added in the United Kingdom (1985)Accounting as Social and Institutional Practice. (1996)Dividend Policy, Growth, and the Valuation of Shares (1961)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Management ownership and market valuation (1988)Influence of tax planning on financial performance of manufacturing companies listed at Nairobi Securities Exchange (2019)Tax Planning Strategies and Profitability of Quoted Manufacturing Companies in Nigeria (2020)Tax Planning and Firm Value: The Case of Companies with Different State Ownership in Vietnam (2022)Firm Resources and Sustained Competitive Advantage (1991)Social Capital, Intellectual Capital, and the Organizational Advantage (1998)Firm resources and sustained competitive advantage (2004)Innovation and internationalisation during times of economic growth, crisis, and recovery prior to Covid-19: A configurational approach comparing Spanish manufacturing family and non-family firms (2022)Topics, trends and theories in family business research: 1996–2020 (2023)Strategic Change in Family Firms: A Review From an Institutional Environment and Firm Size Perspective (2024)Measuring performance in entrepreneurship research (1996)Performance measurement system design: developing and testing a process‐based approach (2000)An empirical analysis of the levers of control framework (2007)In Defence of Profit Measurement: Some Limitations of Cash Flow and Value Added as Performance Measures for External Reporting (1984)The Relative Relationship Between Systematic Risk and Value Added Variables (1989)The Magic in Value Added: Merits of Derived Accounting Indicator Numbers (1994)North-South Trade, Employment and Inequality (1995)The Stock Market and Capital Accumulation (2001)Intangible Assets: Computers and Organizational Capital (2002)Econometric Studies of Investment Behavior: A Review (1971)Using Financial Data to Measure Effects of Regulation (1981)Perspectives on Recent Capital Market Research (2002)
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References

  • 1983Measuring manufacturing performance: a new challenge for managerial accounting research911 cited
  • 1980The information content of security prices744 cited
  • 1966SOME ESTIMATES OF THE COST OF CAPITAL TO THE ELECTRIC UTILITY INDUSTRY, 1954-57588 cited
  • 1981Productivity and the Services of Capital and Labor224 cited
  • 1971Estimates of the Marginal Rate of Time Preference and Average Risk Aversion of Investors in Electric Utility Shares: 1960-66105 cited
  • 1977Value Added as a Focus of Attention for Financial Reporting: Some Conceptual Problems30 cited

Cited by

  • 2013Intellectual capital vs the book-value of assets39 cited
  • 2016Tax Planning and Firm Value: A Review of Literature27 cited
  • 2017Initial resource heterogeneity differences between family and non-family firms: Implications for resource acquisition and resource generation27 cited
  • 2003A eficácia informativa da demonstração do valor adicionado23 cited
  • 1994Net Value Added as An Explanatory Variable for Returns21 cited
  • 1994The Impact of Performance Plan Adoption on Value Added and Earnings18 cited
  • 2023The power of the business media: Evidence from firm‐level productivity17 cited
  • 2011A Re-Examination of Diversification and Firm Productivity16 cited

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  • 2022Chief Executive Officer Attributes and the Value of the Firm: Does Firm Size Play a Moderating Role?14 cited
  • 2013Do Gay-Friendly Corporate Policies Enhance Firm Performance?12 cited