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On the Use of the CAPM in Public Utility Rate Cases
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On the Use of the CAPM in Public Utility Rate Cases (1977)On the Use of the CAPM in Public Utility …Regulation and Systematic Risk in the Electric Utility Industry: A Test of the Buffering Hypothesis (1997)Regulation and Systematic Ris…Systematic risk behavior of financially distressed firms (1993)Systematic risk behavior of f…Time-Series Processes of Utility Betas: Implications for Forecasting Systematic Risk (1990)Time-Series Processes of Util…The structural stability of the market model after the Three Mile Island accident (1984)The structural stability of t…Market Model Stationarity of Individual Public Utilities (1983)Market Model Stationarity of …Asset Characteristics and Systematic Risk (1978)Asset Characteristics and Sys…ON THE ASSESSMENT OF RISK (1971)The Pricing of Options and Corporate Liabilities (1973)The option pricing model and the risk factor of stock (1976)Economic Evaluation of Scale Dependent Technology Investments (2005)The Impact of Operating and Financial Leverages and Intrinsic Business Risk on Firm Value (2006)Does Information Asymmetry Affect Dividend Policy? Analysis Using Market Microstructure Variables (2021)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Equilibrium in a Capital Asset Market (1966)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 Behavior of Stock Returns: Is it Stationary of Evolutionary? (1984)THE RISK BEHAVIOR OF EQUITY OF FIRMS APPROACHING BANKRUPTCY (1989)The Theory of Economic Regulation (1971)Toward a More General Theory of Regulation (1976)Corporate control, bank risk taking, and the health of the banking industry (2000)The influence of stakeholder power on corporate social responsibility: evidence from a relationship-based economy (2015)Board independence and corporate social responsibility reporting: mediating role of stakeholder power (2021)The Theory of Economic Regulation (2021)The Association Between Market Determined and Accounting Determined Risk Measures. (1970)THE EFFECT OF THE FIRM'S CAPITAL STRUCTURE ON THE SYSTEMATIC RISK OF COMMON STOCKS (1972)The effect of the Fukushima nuclear accident on stock prices of electric power utilities in Japan (2012)A NOTE ON USING CROSS‐SECTIONAL INFORMATION IN BAYESIAN ESTIMATION OF SECURITY BETAS (1973)Beta as a Random Coefficient (1978)
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  • 1983Market Model Stationarity of Individual Public Utilities31 cited
  • 1978Asset Characteristics and Systematic Risk29 cited
  • 1997Regulation and Systematic Risk in the Electric Utility Industry: A Test of the Buffering Hypothesis20 cited
  • 1984The structural stability of the market model after the Three Mile Island accident17 cited
  • 1990Time-Series Processes of Utility Betas: Implications for Forecasting Systematic Risk16 cited
  • 1993Systematic risk behavior of financially distressed firms14 cited

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