SZodixStudyAcademic Library

Shelves Open access

Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated

A NOTE ON USING CROSS‐SECTIONAL INFORMATION IN BAYESIAN ESTIMATION OF SECURITY BETAS · Study

ArticleShelves

ArticleA NOTE ON USING CROSS‐SECTIONAL INFORMATION IN BAYESIAN ESTIMATION OF SECURITY BETAS

Oldrich Alfons Vasicek1973

Article1973

A NOTE ON USING CROSS‐SECTIONAL INFORMATION IN BAYESIAN ESTIMATION OF SECURITY BETAS

Oldrich Alfons Vasicek

477 citations·0/0 files stored·The Journal of Finance

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Financial Markets and Investment Strategies Financial Analysis and Corporate Governance Financial Risk and Volatility Modeling

Abstract

No abstract was published for this record.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 477 citations exist upstream.

References

1964CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*1965The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets 1975THE 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.]1962Applied Statistical Decision Theory.

Cited by

1983Friction in the trading process and the estimation of systematic risk 1982Market-Based Empirical Research in Accounting: A Review, Interpretation, and Extension 1973The Prediction of Systematic and Specific Risk in Common Stocks

Related works

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

1993Common risk factors in the returns on stocks and bondsarticle · 3 shared references 1997On Persistence in Mutual Fund Performancearticle · 3 shared references 1992The Cross-Section of Expected Stock Returnsarticle · 3 shared references 1970EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*article · 3 shared references 1976The arbitrage theory of capital asset pricingarticle · 3 shared references 1996Multifactor Explanations of Asset Pricing Anomaliesarticle · 3 shared references

Details

Year1973

Typearticle

Published1973-12-01

VenueThe Journal of Finance

ISSN-L0022-1082

Languageen

Citations477

Files0 public / 0

ShelfFinancial Markets and Investment Strategies

Identifiers

doi10.1111/j.1540-6261.1973.tb01452.x

openalex_workW2072980348

Links

Imported from OpenAlex (CC0) — nothing here is generated.

1980Co-Skewness and Capital Asset Pricing

2000Inference in Long‐Horizon Event Studies: A Bayesian Approach with Application to Initial Public Offerings

2014Offshore Activities and Financial vs Operational Hedging

1975The Association Between Market-Determined and Accounting-Determined Measures of Systematic Risk: Some Further Evidence

1999Costs of Equity Capital and Model Mispricing