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An exploratory study of portfolio objectives and asset holdings
16 references·1 citing·33 second hop
An exploratory study of portfolio objectives and asset holdings (1992)An exploratory study of portfolio objecti…Utility Analysis and the Consumption Function: An Interpretation of Cross-Section Data (2013)Utility Analysis and the Cons…Direct and Indirect Effects in Linear Structural Equation Models (1987)Direct and Indirect Effects i…Life Cycle, Individual Thrift, and the Wealth of Nations (1986)Life Cycle, Individual Thrift…An Economic Theory of Self-Control (1981)An Economic Theory of Self-Co…Toward a positive theory of consumer choice (1980)Toward a positive theory of c…An Economic Theory of Self-Control (1977)An Economic Theory of Self-Co…LIFETIME PORTFOLIO SELECTION BY DYNAMIC STOCHASTIC PROGRAMMING (1975)LIFETIME PORTFOLIO SELECTION …Social Security, Induced Retirement, and Aggregate Capital Accumulation (1974)Social Security, Induced Reti…Lifetime Portfolio Selection By Dynamic Stochastic Programming (1969)Lifetime Portfolio Selection …A general canonical correlation index. (1968)A general canonical correlati…Uncertain Lifetime, Life Insurance, and the Theory of the Consumer (1965)Uncertain Lifetime, Life Insu…THE LIFE CYCLE HYPOTHESIS OF SAVING: AGGREGATE IMPLICATIONS AND TESTS (1963)THE LIFE CYCLE HYPOTHESIS OF …A Theory of the Consumption Function (1960)A Theory of the Consumption F…Liquidity Preference as Behavior Towards Risk (1958)Liquidity Preference as Behav…Theory of the Consumption Function (1957)Theory of the Consumption Fun…PORTFOLIO SELECTION* (1952)PORTFOLIO SELECTION*Patterns of Household Financial Asset Ownership (1995)Patterns of Household Financi…Dividend Policy, Growth, and the Valuation of Shares (1961)Econometric policy evaluation: A critique (1976)Capital markets research in accounting (2001)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Determinants of corporate borrowing (1977)Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure (1979)The Framing of Decisions and the Psychology of Choice (1981)The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence (1985)Judgment under Uncertainty: Heuristics and Biases (1974)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Construal-level theory of psychological distance. (2010)Portfolio Selection: Efficient Diversification of Investments (1959)Risk Aversion in the Small and in the Large (1964)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)Optimum consumption and portfolio rules in a continuous-time model (1971)Risk Aversion in the Small and in the Large (1976)A Theory of the Term Structure of Interest Rates (1985)Precautionary Saving and Social Insurance (1995)Entrepreneurship, Frictions, and Wealth (2006)Monetary Policy According to HANK (2018)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (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 Ricardian Approach to Budget Deficits (1989)The Demand for Unobservable and Other Nonpositional Goods (2016)Trends and random walks in macroeconmic time series (1982)Business conditions and expected returns on stocks and bonds (1989)Efficient Capital Markets: II (1991)Conditional value-at-risk for general loss distributions (2002)Optimal Versus Naive Diversification: How Inefficient is the 1/ N Portfolio Strategy? (2007)The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis (2008)
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References

  • 1952PORTFOLIO SELECTION*13,480 cited
  • 1980Toward a positive theory of consumer choice5,574 cited
  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited
  • 1957Theory of the Consumption Function3,335 cited
  • 1965Uncertain Lifetime, Life Insurance, and the Theory of the Consumer3,204 cited
  • 2013Utility Analysis and the Consumption Function: An Interpretation of Cross-Section Data2,508 cited
  • 1960A Theory of the Consumption Function2,232 cited
  • 1981An Economic Theory of Self-Control2,192 cited
  • 1963THE LIFE CYCLE HYPOTHESIS OF SAVING: AGGREGATE IMPLICATIONS AND TESTS2,011 cited
  • 1975LIFETIME PORTFOLIO SELECTION BY DYNAMIC STOCHASTIC PROGRAMMING1,941 cited
  • 1974Social Security, Induced Retirement, and Aggregate Capital Accumulation1,704 cited
  • 1969Lifetime Portfolio Selection By Dynamic Stochastic Programming1,692 cited
  • 1977An Economic Theory of Self-Control1,575 cited
  • 1986Life Cycle, Individual Thrift, and the Wealth of Nations1,274 cited
  • 1987Direct and Indirect Effects in Linear Structural Equation Models680 cited
  • 1968A general canonical correlation index.

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  • 1995Patterns of Household Financial Asset Ownership19 cited