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The Effects of Differential Taxation on Managerial Effort and Risk Taking
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The Effects of Differential Taxation on Managerial Effort and Risk Taking (2008)The Effects of Differential Taxation on M…Accounting Conservatism, the Quality of Earnings, and Stock Returns (2002)Accounting Conservatism, the …Trying to Explain Home Bias in Equities and Consumption (1999)Trying to Explain Home Bias i…Home Bias at Home: Local Equity Preference in Domestic Portfolios (1999)Home Bias at Home: Local Equi…The Value of Diversification During the Conglomerate Merger Wave (1996)The Value of Diversification …Diversification's effect on firm value (1995)Diversification's effect on f…Tobin's q, Corporate Diversification, and Firm Performance (1994)Tobin's q, Corporate Diversif…The Consumption of Stockholders and Non-Stockholders (1990)The Consumption of Stockholde…Aggregation and Linearity in the Provision of Intertemporal Incentives (1987)Aggregation and Linearity in …The effect of personal taxes and dividends on capital asset prices (1979)The effect of personal taxes …Risk Sharing and Incentives in the Principal and Agent Relationship (1979)Risk Sharing and Incentives i…Moral Hazard and Observability (1979)Moral Hazard and ObservabilityTheory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…The Economic Theory of Agency: The Principal's Problem. (1973)The Economic Theory of Agency…Optimum consumption and portfolio rules in a continuous-time model (1971)Optimum consumption and portf…Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)Lifetime Portfolio Selection …A Simplified Model for Portfolio Analysis (1963)A Simplified Model for Portfo…The Theory of Syndicates (1968)Essays in the Theory of Risk-Bearing. (1972)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Financial Intermediation and Delegated Monitoring (1984)Agency Costs, Net Worth, And Business Fluctuations (1988)Decision Analysis: Introductory Lectures on Choices Under Uncertainty. (1969)Agency for International Development (1978)The interdisciplinary study of coordination (1994)Managerial Incentive Problems: A Dynamic Perspective (1999)Aspects of the Theory of Risk-Bearing. (1966)An Intertemporal Capital Asset Pricing Model (1973)LIFETIME PORTFOLIO SELECTION BY DYNAMIC STOCHASTIC PROGRAMMING (1975)Risk Aversion in the Small and in the Large (1976)Predicting Excess Stock Returns Out of Sample: Can Anything Beat the Historical Average? (2007)Lifetime Portfolio Selection By Dynamic Stochastic Programming (1969)An equilibrium characterization of the term structure (1977)A Theory of the Term Structure of Interest Rates (1985)Determinants of corporate borrowing (1977)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Higher market valuation of companies with a small board of directors (1996)Investor Protection and Corporate Valuation (2002)Digital Business Strategy: Toward a Next Generation of Insights (2013)Portfolio Selection: Efficient Diversification of Investments (1959)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)The Adjustment of Stock Prices to New Information (2003)Good News and Bad News: Representation Theorems and Applications (1981)Agency costs and innovation (1989)Risk Taking by Mutual Funds as a Response to Incentives (1997)The Theory of Incentives: The Principal-Agent Model (2001)Increasing Returns and Economic Geography (1990)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Investor Psychology and Asset Pricing (2001)Does Distance Still Matter? The Information Revolution in Small Business Lending (2002)Information and the Cost of Capital (2004)The Nature of the Firm (1937)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Pricing of Options and Corporate Liabilities (1973)Separation of Ownership and Control (1983)Corporate financing and investment decisions when firms have information that investors do not have (1984)Law and Finance (1998)Financing Constraints and Corporate Investment (1987)A Survey of Corporate Governance (1997)Enjoying the Quiet Life? Corporate Governance and Managerial Preferences (2003)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1979Moral Hazard and Observability8,358 cited
  • 1971Optimum consumption and portfolio rules in a continuous-time model5,966 cited
  • 1969Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case5,199 cited
  • 1973The Economic Theory of Agency: The Principal's Problem.4,296 cited
  • 1995Diversification's effect on firm value3,069 cited
  • 1999Home Bias at Home: Local Equity Preference in Domestic Portfolios2,898 cited
  • 1987Aggregation and Linearity in the Provision of Intertemporal Incentives2,870 cited
  • 1963A Simplified Model for Portfolio Analysis2,740 cited
  • 1994Tobin's q, Corporate Diversification, and Firm Performance2,437 cited
  • 1999Trying to Explain Home Bias in Equities and Consumption1,364 cited
  • 1990The Consumption of Stockholders and Non-Stockholders1,289 cited
  • 1979Risk Sharing and Incentives in the Principal and Agent Relationship1,285 cited
  • 1979The effect of personal taxes and dividends on capital asset prices1,212 cited
  • 2002Accounting Conservatism, the Quality of Earnings, and Stock Returns1,163 cited

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  • 1996The Value of Diversification During the Conglomerate Merger Wave878 cited
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