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FURTHER EVIDENCE ON THE VALUE OF PROFESSIONAL INVESTMENT RESEARCH
14 references·3 citing·33 second hop
FURTHER EVIDENCE ON THE VALUE OF PROFESSIONAL INVESTMENT RESEARCH (1980)FURTHER EVIDENCE ON THE VALUE OF PROFESSI…An Analysis of Brokerage House Securities Recommendations (1979)An Analysis of Brokerage Hous…THE COMMON‐STOCK‐PORTFOLIO PERFORMANCE RECORD OF INDIVIDUAL INVESTORS: 1964–70 (1978)THE COMMON‐STOCK‐PORTFOLIO PE…Stock Prices and the Publication of Second-Hand Information (1978)Stock Prices and the Publicat…Realized Returns on Common Stock Investments: The Experience of Individual Investors (1978)Realized Returns on Common St…Patterns of Investment Strategy and Behavior Among Individual Investors (1977)Patterns of Investment Strate…How Good is Institutional Brokerage Research? (1977)How Good is Institutional Bro…THE INDIVIDUAL INVESTOR: ATTRIBUTES AND ATTITUDES (1974)THE INDIVIDUAL INVESTOR: ATTR…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Brokerage House Investment Advice (1973)Brokerage House Investment Ad…How Good is Institutional Brokerage Research? (1972)How Good is Institutional Bro…EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)EFFICIENT CAPITAL MARKETS: A …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…Migration history, hukou status, and urban household consumption (2020)Migration history, hukou stat…Effect of trust on financial market participation: evidence from China (2020)Effect of trust on financial …Using Analysts' Growth Forecasts to Estimate Shareholder Required Rates of Return (1986)Using Analysts' Growth Foreca…The Behavior of Stock-Market Prices (1965)An Empirical Evaluation of Accounting Income Numbers (1968)The value line enigma (1965–1978) (1982)The variation of certain speculative prices (1997)Customer Satisfaction, Analyst Stock Recommendations, and Firm Value (2010)Stock Returns after Major Price Shocks: The Impact of Information (2011)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)On Persistence in Mutual Fund Performance (1997)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)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)Measurement of Portfolio Performance Under Uncertainty (1970)INDIVIDUAL INVESTOR RISK AVERSION AND INVESTMENT PORTFOLIO COMPOSITION (1975)Stock Price Reactions to Securities Recommended in Business Week's “Inside Wall Street” (1995)Market reaction to Business Week ‘Inside Wall Street’ column: A self-fulfilling prophecy (1996)Are crowds on the internet wiser than experts? The case of a stock prediction community (2014)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)Are Professional Traders Too Slow to Realize Their Losses? (2004)The Reach of the Disposition Effect: Large Sample Evidence Across Investor Classes* (2006)Financial Advice and Individual Investor Portfolio Performance (2012)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Common risk factors in the returns on stocks and bonds (1993)Factors Influencing Individual Investor Behavior (1994)Why Do We Invest Ethically? (2005)Predictors of investment intention in Indian stock markets (2018)Taxes, transactions costs and the clientele effect of dividends (1977)Asset Pricing with Fading Memory (2021)
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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
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1966Equilibrium in a Capital Asset Market4,896 cited
  • 1965SECURITY PRICES, RISK, AND MAXIMAL GAINS FROM DIVERSIFICATION*2,451 cited
  • 1977Patterns of Investment Strategy and Behavior Among Individual Investors300 cited
  • 1978Stock Prices and the Publication of Second-Hand Information279 cited
  • 1974THE INDIVIDUAL INVESTOR: ATTRIBUTES AND ATTITUDES221 cited
  • 1978Realized Returns on Common Stock Investments: The Experience of Individual Investors175 cited
  • 1979An Analysis of Brokerage House Securities Recommendations96 cited
  • 1978THE COMMON‐STOCK‐PORTFOLIO PERFORMANCE RECORD OF INDIVIDUAL INVESTORS: 1964–7082 cited
  • 1972How Good is Institutional Brokerage Research?79 cited
  • 1977How Good is Institutional Brokerage Research?50 cited
  • 1973Brokerage House Investment Advice49 cited

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  • 2020Migration history, hukou status, and urban household consumption

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54 cited
  • 1986Using Analysts' Growth Forecasts to Estimate Shareholder Required Rates of Return29 cited
  • 2020Effect of trust on financial market participation: evidence from China21 cited