SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
Merger and Stockholder Risk
16 references·10 citing·33 second hop
Merger and Stockholder Risk (1980)Merger and Stockholder RiskAn application of a three-factor performance index to measure stockholder gains from merger (1978)An application of a three-fac…Risk and return: The case of merging firms (1974)Risk and return: The case of …Studies in the Theory of Capital Markets. (1973)Studies in the Theory of Capi…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…The Microeconomic Consequences of Corporate Mergers (1972)The Microeconomic Consequence…THE EFFECT OF THE FIRM'S CAPITAL STRUCTURE ON THE SYSTEMATIC RISK OF COMMON STOCKS (1972)THE EFFECT OF THE FIRM'S CAPI…The capital asset pricing model: Some empirical tests (1972)The capital asset pricing mod…ON THE ASSESSMENT OF RISK (1971)ON THE ASSESSMENT OF RISKA PURE FINANCIAL RATIONALE FOR THE CONGLOMERATE MERGER (1971)A PURE FINANCIAL RATIONALE FO…Measurement of Portfolio Performance Under Uncertainty (1970)Measurement of Portfolio Perf…Risk, The Pricing of Capital Assets, and The Evaluation of Investment Portfolios (1969)Risk, The Pricing of Capital …PORTFOLIO ANALYSIS, MARKET EQUILIBRIUM AND CORPORATION FINANCE (1969)PORTFOLIO ANALYSIS, MARKET EQ…Mergers, Managers and the Economy. (1969)Mergers, Managers and the Eco…A PORTFOLIO ANALYSIS OF CONGLOMERATE DIVERSIFICATION (1969)A PORTFOLIO ANALYSIS OF CONGL…Some New Stock-Market Indexes (1966)Some New Stock-Market IndexesThe Behavior of Stock-Market Prices (1965)The Behavior of Stock-Market …Do FinTech acquisitions improve the operating performance or risk profiles of acquiring firms? (2022)Do FinTech acquisitions impro…The performance of acquisitions by high default risk bidders (2019)The performance of acquisitio…Does boardroom gender diversity affect the risk profile of acquiring banks? (2018)Does boardroom gender diversi…The Risk Effects of Acquiring Distressed Firms (2016)The Risk Effects of Acquiring…The Impact of M&A Announcement and Financing Strategy on Stock Returns: Evidence from BRICKS Markets (2012)The Impact of M&A Announcemen…Does Corporate Diversification Reduce Firm Risk? Evidence from Diversifying Acquisitions (2011)Does Corporate Diversificatio…Parameter shifts when measuring wealth effects in cross-border mergers (2001)Parameter shifts when measuri…Corporate Acquisitions and Shareholder Wealth: A Review and Exploratory Analysis (1990)Corporate Acquisitions and Sh…Evaluating Merger Performance (1985)Evaluating Merger PerformanceAN EXAMINATION OF MERGER SYNERGISM (1983)AN EXAMINATION OF MERGER SYNE…Portfolio Selection: Efficient Diversification of Investments (1959)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)An Intertemporal Capital Asset Pricing Model (1973)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)Common risk factors in the returns on stocks and bonds (1993)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)Dividend Policy, Growth, and the Valuation of Shares (1961)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION (1977)The stochastic behavior of common stock variances Value, leverage and interest rate effects (1982)Of Tournaments and Temptations: An Analysis of Managerial Incentives in the Mutual Fund Industry (1996)The cost of capital, corporation finance and the theory of investment (2008)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Measuring security price performance (1980)Strategic Factor Markets: Expectations, Luck, and Business Strategy (1986)Efficient Capital Markets: II (1991)Multivariate tests of financial models (1982)Mean-Variance Spanning (1987)Consistent Covariance Matrix Estimation with Cross-Sectional Dependence and Heteroskedasticity in Financial Data (1989)Transaction costs and the small firm effect (1983)An Investigation of Transactions Data for NYSE Stocks (1985)Risk aversion, uncertain information, and market efficiency (1988)The option pricing model and the risk factor of stock (1976)Risk measurement when shares are subject to infrequent trading (1979)Foundations of Portfolio Theory (1991)On Persistence in Mutual Fund Performance (1997)Corporate focus and stock returns (1995)Curvilinearity in the diversification-performance linkage: an examination of over three decades of research (2000)Performance Hypothesis Testing with the Sharpe and Treynor Measures (1981)Time-varying conditional covariances in tests of asset pricing models (1989)Measuring abnormal performance (1992)
this work references cited by second hop

References

  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1965The Behavior of Stock-Market Prices8,707 cited
  • 1972The capital asset pricing model: Some empirical tests2,705 cited
  • 1971A PURE FINANCIAL RATIONALE FOR THE CONGLOMERATE MERGER1,189 cited
  • 1972THE EFFECT OF THE FIRM'S CAPITAL STRUCTURE ON THE SYSTEMATIC RISK OF COMMON STOCKS1,130 cited
  • 1969Risk, The Pricing of Capital Assets, and The Evaluation of Investment Portfolios941 cited
  • 1973Studies in the Theory of Capital Markets.908 cited
  • 1974Risk and return: The case of merging firms869 cited
  • 1971ON THE ASSESSMENT OF RISK721 cited
  • 1966Some New Stock-Market Indexes538 cited
  • 1969PORTFOLIO ANALYSIS, MARKET EQUILIBRIUM AND CORPORATION FINANCE525 cited
  • 1970Measurement of Portfolio Performance Under Uncertainty390 cited
  • 1978An application of a three-factor performance index to measure stockholder gains from merger328 cited
  • 1969Mergers, Managers and the Economy.131 cited
  • 1972The Microeconomic Consequences of Corporate Mergers114 cited
  • 1969A PORTFOLIO ANALYSIS OF CONGLOMERATE DIVERSIFICATION

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

63 cited

Cited by

  • 1990Corporate Acquisitions and Shareholder Wealth: A Review and Exploratory Analysis38 cited
  • 2018Does boardroom gender diversity affect the risk profile of acquiring banks?37 cited
  • 1983AN EXAMINATION OF MERGER SYNERGISM32 cited
  • 2019The performance of acquisitions by high default risk bidders30 cited
  • 1985Evaluating Merger Performance29 cited
  • 2016The Risk Effects of Acquiring Distressed Firms25 cited
  • 2011Does Corporate Diversification Reduce Firm Risk? Evidence from Diversifying Acquisitions24 cited
  • 2022Do FinTech acquisitions improve the operating performance or risk profiles of acquiring firms?22 cited
  • 2001Parameter shifts when measuring wealth effects in cross-border mergers22 cited
  • 2012The Impact of M&A Announcement and Financing Strategy on Stock Returns: Evidence from BRICKS Markets21 cited