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Investment Management and Risk Sharing with Multiple Managers
7 references·3 citing·35 second hop
Investment Management and Risk Sharing with Multiple Managers (1984)Investment Management and Risk Sharing wi…Risk Sharing and Incentives in the Principal and Agent Relationship (1979)Risk Sharing and Incentives i…Moral Hazard and Observability (1979)Moral Hazard and ObservabilityOptimal Risk Sharing and the Leasing of Natural Resources, with Application to Oil and Gas Leasing on the Ocs (1978)Optimal Risk Sharing and the …The Economic Efficiency of Financial Markets. (1977)The Economic Efficiency of Fi…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 Aversion in the Small and in the Large (1976)Risk Aversion in the Small an…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Decentralized Robust Portfolio Optimization Based on Cooperative-Competitive Multiagent Systems (2021)Decentralized Robust Portfoli…The effect of management team characteristics on risk‐taking and style extremity of mutual fund portfolios (2012)The effect of management team…Management team structure and mutual fund performance (2009)Management team structure and…The Theory of Syndicates (1968)Essays in the Theory of Risk-Bearing. (1972)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Good News and Bad News: Representation Theorems and Applications (1981)Financial Intermediation and Delegated Monitoring (1984)Agency Costs, Net Worth, And Business Fluctuations (1988)The Economic Theory of Agency: The Principal's Problem. (1973)Credit Rationing in Markets with Imperfect Information (1981)Managerial Incentive Problems: A Dynamic Perspective (1999)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)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)Moral Hazard in Teams (1982)On Persistence in Mutual Fund Performance (1997)Familiarity Breeds Investment (2001)Bidding for Contracts (1986)Transactions Costs and the Efficient Organization of Production: A Study of Timber-Harvesting Contracts (1991)Equilibrium in a Reinsurance Market (1992)The role of risk in contract choice (1999)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)Common risk factors in the returns on stocks and bonds (1993)Look for people, not for alpha: mutual funds success and managers intellectual capital (2015)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)Optimization of conditional value-at-risk (2000)AGGREGATE INVESTMENT AND TOBIN'S Q : THE EVIDENCE FROM BRITAIN (1981)Failure of Stock Prices to Discipline Managers in a Rational Expectations Economy (1987)Shareholder wealth maximization, business ethics and social responsibility (1994)Prospect theory: An analysis of decision under risk (1988)Well-being : the foundations of hedonic psychology (1999)On the measurement of inequality (1970)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 arbitrage theory of capital asset pricing (1976)
this work references cited by second hop

References

  • 1979Moral Hazard and Observability8,358 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1976Risk Aversion in the Small and in the Large4,655 cited
  • 1977A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory3,006 cited
  • 1979Risk Sharing and Incentives in the Principal and Agent Relationship1,285 cited
  • 1978Optimal Risk Sharing and the Leasing of Natural Resources, with Application to Oil and Gas Leasing on the Ocs116 cited
  • 1977The Economic Efficiency of Financial Markets.48 cited

Cited by

  • 2021Decentralized Robust Portfolio Optimization Based on Cooperative-Competitive Multiagent Systems40 cited
  • 2009Management team structure and mutual fund performance27 cited
  • 2012The effect of management team characteristics on risk‐taking and style extremity of mutual fund portfolios26 cited

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