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An examination of US hotel firms' risk features and their determinants of systematic risk
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An examination of US hotel firms' risk features and their determinants of systematic risk (2010)An examination of US hotel firms' risk fe…New Evidence on the Determinants of Bank Risk (2006)New Evidence on the Determina…Advertising, Research and Development, and Systematic Risk of the Firm (2006)Advertising, Research and Dev…Agency costs of free cash flow, corporate finance, and takeovers (1996)Agency costs of free cash flo…Real Estate Finance and Investments (1989)Real Estate Finance and Inves…The Determinants of Capital Structure Choice (1988)The Determinants of Capital S…Modern Investment Theory. (1986)Modern Investment Theory.Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…Portfolio and Investment Selection: Theory and Practice (1984)Portfolio and Investment Sele…The Prediction of Systematic and Specific Risk in Common Stocks (1973)The Prediction of Systematic …Financial Policy and Market Expectations (1972)Financial Policy and Market E…The Association Between Market Determined and Accounting Determined Risk Measures. (1970)The Association Between Marke…Financial Management and Policy (1969)Financial Management and Poli…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…A Simplified Model for Portfolio Analysis (1963)A Simplified Model for Portfo…PORTFOLIO SELECTION* (1952)PORTFOLIO SELECTION*Value creation in privately held family businesses: The moderating role of socioemotional wealth (2019)Value creation in privately h…Risk management: comparative analysis of systematic risk and effect of the financial crisis on US tourism industry (2018)Risk management: comparative …Risk determinants in the hotel sector: Risk credit in MSMEs (2017)Risk determinants in the hote…Determinants of Systematic Risk in the Online Travel Agency Industry (2013)Determinants of Systematic Ri…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. 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(2011)… and the Cross-Section of Expected Returns (2015)The Pricing of Options and Corporate Liabilities (1973)Common risk factors in the returns on stocks and bonds (1993)Forecasting stock market short-term trends using a neuro-fuzzy based methodology (2009)A Deep Reinforcement Learning Framework for the Financial Portfolio Management Problem (2017)Cryptocurrency portfolio management with deep reinforcement learning (2017)The Investment Banking Contract For New Issues Under Asymmetric Information: Delegation And The Incentive Problem (1980)Shareholder wealth, information signaling and the specially designated dividend (1983)Tourism Risk and Uncertainty (2014)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Conditional value-at-risk for general loss distributions (2002)Optimal Versus Naive Diversification: How Inefficient is the 1/ N Portfolio Strategy? 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References

  • 1964CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*19,431 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1952PORTFOLIO SELECTION*13,480 cited
  • 1996Agency costs of free cash flow, corporate finance, and takeovers9,308 cited
  • 1988The Determinants of Capital Structure Choice6,108 cited
  • 1963A Simplified Model for Portfolio Analysis2,740 cited
  • 1965SECURITY PRICES, RISK, AND MAXIMAL GAINS FROM DIVERSIFICATION*2,451 cited
  • 1969Financial Management and Policy727 cited
  • 1970The Association Between Market Determined and Accounting Determined Risk Measures.573 cited
  • 1986Modern Investment Theory.405 cited
  • 2006Advertising, Research and Development, and Systematic Risk of the Firm329 cited
  • 1973The Prediction of Systematic and Specific Risk in Common Stocks272 cited
  • 1989Real Estate Finance and Investments270 cited
  • 2006New Evidence on the Determinants of Bank Risk235 cited
  • 1984Portfolio and Investment Selection: Theory and Practice181 cited
  • 1972Financial Policy and Market Expectations

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Cited by

  • 2018Risk management: comparative analysis of systematic risk and effect of the financial crisis on US tourism industry26 cited
  • 2019Value creation in privately held family businesses: The moderating role of socioemotional wealth26 cited
  • 2017Risk determinants in the hotel sector: Risk credit in MSMEs25 cited
  • 2013Determinants of Systematic Risk in the Online Travel Agency Industry16 cited