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A Full-Information Approach for Estimating Divisional Betas
7 references·0 citing·33 second hop
A Full-Information Approach for Estimating Divisional Betas (1991)A Full-Information Approach for Estimatin…On the Existence of an Optimal Capital Structure: Theory and Evidence (1984)On the Existence of an Optima…Estimating the Divisional Cost of Capital: An Analysis of the Pure-Play Technique (1981)Estimating the Divisional Cos…Accounting Betas, Systematic Operating Risk, and Financial Leverage: A Risk-Composition Approach to the Determinants of Systematic Risk (1980)Accounting Betas, Systematic …Divisional Screening Rates (1975)Divisional Screening RatesThe Prediction of Systematic and Specific Risk in Common Stocks (1973)The Prediction of Systematic …THE EFFECT OF THE FIRM'S CAPITAL STRUCTURE ON THE SYSTEMATIC RISK OF COMMON STOCKS (1972)THE EFFECT OF THE FIRM'S CAPI…The capital asset pricing model: Some empirical tests (1972)The capital asset pricing mod…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)A Simplified Model for Portfolio Analysis (1963)Financial Ratios As Predictors of Failure (1966)Efficient Inference in a Random Coefficient Regression Model (1970)The Association Between Market-Determined and Accounting-Determined Measures of Systematic Risk: Some Further Evidence (1975)Modern Investment Management: An Equilibrium Approach (2003)Modeling renewable energy company risk (2010)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)An Empirical Evaluation of Accounting Income Numbers (1968)Risk, Return, and Equilibrium: Empirical Tests (1973)Market power and systematic risk (1983)R&D investment and systematic risk (2004)Market Reactions to Increased Reliability of Sustainability Information (2011)CORPORATE INCOME TAXES AND THE COST OF CAPITAL: A CORRECTION (1963)Debt Capacity and the Capital Budgeting Decision (1976)Debt Capacity, Optimal Capital Structure, and Capital Budgeting Analysis (1978)RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION (1977)The stochastic behavior of common stock variances Value, leverage and interest rate effects (1982)Of Tournaments and Temptations: An Analysis of Managerial Incentives in the Mutual Fund Industry (1996)The cost of capital, corporation finance and the theory of investment (2008)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Determinants of corporate borrowing (1977)Optimal capital structure under corporate and personal taxation (1980)The Determinants of Capital Structure Choice (1988)What Do We Know about Capital Structure? Some Evidence from International Data (1995)The theory and practice of corporate finance: evidence from the field (2001)Using simulated mergers to evaluate corporate diversification strategies (1986)Comparable firms and the precision of equity valuations (2001)
this work references cited by second hop

References

  • 1972The capital asset pricing model: Some empirical tests2,705 cited
  • 1984On the Existence of an Optimal Capital Structure: Theory and Evidence2,477 cited
  • 1972THE EFFECT OF THE FIRM'S CAPITAL STRUCTURE ON THE SYSTEMATIC RISK OF COMMON STOCKS1,130 cited
  • 1973The Prediction of Systematic and Specific Risk in Common Stocks272 cited
  • 1980Accounting Betas, Systematic Operating Risk, and Financial Leverage: A Risk-Composition Approach to the Determinants of Systematic Risk168 cited
  • 1981Estimating the Divisional Cost of Capital: An Analysis of the Pure-Play Technique100 cited
  • 1975Divisional Screening Rates28 cited

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