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The Effects of Strategic Planning on Common Stock Returns
16 references·16 citing·22 second hopsampled
The Effects of Strategic Planning on Common Stock Returns (1980)The Effects of Strategic Planning on Comm…The Adjustment of Stock Prices to New Information (2003)The Adjustment of Stock Price…Research Notes. CORPORATE SOCIAL RESPONSIBILITY AND STOCK MARKET PERFORMANCE. (1978)Research Notes. CORPORATE SOC…A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory (1977)A critique of the asset prici…Risk and return: The case of merging firms (1974)Risk and return: The case of …The Market for Securities: Substitution Versus Price Pressure and the Effects of Information on Share Prices (1972)The Market for Securities: Su…Risk, Return, and Equilibrium (1971)Risk, Return, and EquilibriumEFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)EFFICIENT CAPITAL MARKETS: A …The Adjustment of Stock Prices to New Information (1969)The Adjustment of Stock Price…RISK, RETURN AND EQUILIBRIUM: SOME CLARIFYING COMMENTS (1968)RISK, RETURN AND EQUILIBRIUM:…An Empirical Evaluation of Accounting Income Numbers (1968)An Empirical Evaluation of Ac…Market and Industry Factors in Stock Price Behavior (1966)Market and Industry Factors i…Equilibrium in a Capital Asset Market (1966)Equilibrium in a Capital Asse…SECURITY PRICES, RISK, AND MAXIMAL GAINS FROM DIVERSIFICATION* (1965)SECURITY PRICES, RISK, AND MA…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)CAPITAL ASSET PRICES: A THEOR…A Simplified Model for Portfolio Analysis (1963)A Simplified Model for Portfo…Portfolio Selection: Efficient Diversification of Investments (1959)Portfolio Selection: Efficien…Planning systems characteristics and planning effectiveness (2011)Planning systems characterist…Evidence on formal strategic planning and company performance (2006)Evidence on formal strategic …A perspective on knowledge, competence and strategy (1995)A perspective on knowledge, c…Formalized Planning in Small Business: Increasing Strategic Choices (1994)Formalized Planning in Small …Marketing in Turbulent Environments: Decision Processes and the Time-Sensitivity of Information (1993)Marketing in Turbulent Enviro…Research notes and communications strategic planning as competitive advantage (1992)Research notes and communicat…Assessing Operations Management from a Strategic Perspective (1989)Assessing Operations Manageme…Strategy formulation processes: Differences in perceptions of strength and weaknesses indicators and environmental uncertainty by managerial level (1987)Strategy formulation processe…Planning System Success: A Conceptualization and an Operational Model (1987)Planning System Success: A Co…Planning system characteristics and planning effectiveness (1987)Planning system characteristi…A Review of Strategic Process Research (1987)A Review of Strategic Process…Towards Reconciliation of Market Performance Measures to Strategic Management Research (1986)Towards Reconciliation of Mar…The relationship of strategic planning to financial performance (1986)The relationship of strategic…MULTI-OBJECTIVE ASSESSMENT OF EFFECTIVENESS OF STRATEGIC PLANNING: A DISCRIMINANT ANALYSIS APPROACH. (1986)MULTI-OBJECTIVE ASSESSMENT OF…Strategic Planning and Organizational Performance: A Critical Appraisal (1984)Strategic Planning and Organi…Strategic Process Research: Questions and Recommendations (1983)Strategic Process Research: Q…The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Risk, Return, and Equilibrium: Empirical Tests (1973)The relationship between return and market value of common stocks (1981)Efficient Capital Markets: II (1991)Multifactor Explanations of Asset Pricing Anomalies (1996)Dividend Policy, Growth, and the Valuation of Shares (1961)The Behavior of Stock-Market Prices (1965)An Intertemporal Capital Asset Pricing Model (1973)The Pricing of Options and Corporate Liabilities (1973)Option pricing when underlying stock returns are discontinuous (1976)An Engine, Not a Camera (2006)Does board gender diversity improve the informativeness of stock prices? (2011)… and the Cross-Section of Expected Returns (2015)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Common risk factors in the returns on stocks and bonds (1993)Using daily stock returns (1985)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)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 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)The Cross-Section of Expected Stock Returns (1992)Introductory Econometrics for Finance (2008)
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References

  • 1964CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*19,431 cited
  • 1970EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*15,723 cited
  • 1968An Empirical Evaluation of Accounting Income Numbers6,384 cited
  • 1959Portfolio Selection: Efficient Diversification of Investments5,535 cited
  • 1966Equilibrium in a Capital Asset Market4,896 cited
  • 1969The Adjustment of Stock Prices to New Information3,625 cited
  • 2003The Adjustment of Stock Prices to New Information3,063 cited
  • 1977A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory3,006 cited
  • 1963A Simplified Model for Portfolio Analysis2,740 cited
  • 1965SECURITY PRICES, RISK, AND MAXIMAL GAINS FROM DIVERSIFICATION*2,451 cited
  • 1972The Market for Securities: Substitution Versus Price Pressure and the Effects of Information on Share Prices886 cited
  • 1974Risk and return: The case of merging firms869 cited
  • 1966Market and Industry Factors in Stock Price Behavior838 cited
  • 1978Research Notes. CORPORATE SOCIAL RESPONSIBILITY AND STOCK MARKET PERFORMANCE.711 cited
  • 1971Risk, Return, and Equilibrium539 cited

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  • 1968RISK, RETURN AND EQUILIBRIUM: SOME CLARIFYING COMMENTS396 cited
  • Cited by

    • 1992Research notes and communications strategic planning as competitive advantage297 cited
    • 1989Assessing Operations Management from a Strategic Perspective289 cited
    • 1987Strategy formulation processes: Differences in perceptions of strength and weaknesses indicators and environmental uncertainty by managerial level274 cited
    • 1993Marketing in Turbulent Environments: Decision Processes and the Time-Sensitivity of Information264 cited
    • 1986Towards Reconciliation of Market Performance Measures to Strategic Management Research264 cited
    • 1987A Review of Strategic Process Research260 cited
    • 1986MULTI-OBJECTIVE ASSESSMENT OF EFFECTIVENESS OF STRATEGIC PLANNING: A DISCRIMINANT ANALYSIS APPROACH.257 cited
    • 1986The relationship of strategic planning to financial performance233 cited
    • 1995A perspective on knowledge, competence and strategy212 cited
    • 2006Evidence on formal strategic planning and company performance209 cited
    • 1983Strategic Process Research: Questions and Recommendations193 cited
    • 1994Formalized Planning in Small Business: Increasing Strategic Choices187 cited
    • 1984Strategic Planning and Organizational Performance: A Critical Appraisal179 cited
    • 1987Planning System Success: A Conceptualization and an Operational Model175 cited
    • 1987Planning system characteristics and planning effectiveness175 cited
    • 2011Planning systems characteristics and planning effectiveness173 cited