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RISK, RETURN AND DISEQUILIBRIUM: AN APPLICATION TO CHANGES IN ACCOUNTING TECHNIQUES
16 references·0 citing·21 second hop
RISK, RETURN AND DISEQUILIBRIUM: AN APPLICATION TO CHANGES IN ACCOUNTING TECHNIQUES (1972)RISK, RETURN AND DISEQUILIBRIUM: AN APPLI…The Adjustment of Stock Prices to New Information (2003)The Adjustment of Stock Price…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…Investor Evaluation of Accounting Information: Some Empirical Evidence (1972)Investor Evaluation of Accoun…Changes in Accounting Techniques and Stock Prices (1972)Changes in Accounting Techniq…Capital Market Equilibrium with Restricted Borrowing (1972)Capital Market Equilibrium wi…Risk, Return, and Equilibrium (1971)Risk, Return, and EquilibriumPortfolio Theory: A Step Toward Its Practical Application (1970)Portfolio Theory: A Step Towa…Efficient Capital Markets: A Review of Theory and Empirical Work (1970)Efficient Capital Markets: A …The Adjustment of Stock Prices to New Information (1969)The Adjustment of Stock Price…The Information Content of Annual Earnings Announcements (1968)The Information Content of An…An Empirical Evaluation of Accounting Income Numbers (1968)An Empirical Evaluation of Ac…Some Preliminary Findings on the Association between the Earnings of a Firm, Its Industry, and the Economy (1967)Some Preliminary Findings on …Market and Industry Factors in Stock Price Behavior (1966)Market and Industry Factors i…The Behavior of Stock-Market Prices (1965)The Behavior of Stock-Market …CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)CAPITAL ASSET PRICES: A THEOR…Portfolio Selection: Efficient Diversification of Investments (1959)Dividend Policy, Growth, and the Valuation of Shares (1961)Diversification, Ricardian Rents, and Tobin's q (1988)The Event Study Methodology Since 1969 (1998)Nonlinear Pricing Kernels, Kurtosis Preference, and Evidence from the Cross Section of Equity Returns (2002)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)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)On Persistence in Mutual Fund Performance (1997)The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Common risk factors in the returns on stocks and bonds (1993)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Using daily stock returns (1985)Capital markets research in accounting (2001)Efficient Capital Markets: II (1991)The arbitrage theory of capital asset pricing (1976)The Cross-Section of Expected Stock Returns (1992)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)Introductory Econometrics for Finance (2008)
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References

  • 1964CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*19,431 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1970Efficient Capital Markets: A Review of Theory and Empirical Work13,616 cited
  • 1965The Behavior of Stock-Market Prices8,707 cited
  • 1968An Empirical Evaluation of Accounting Income Numbers6,384 cited
  • 1969The Adjustment of Stock Prices to New Information3,625 cited
  • 1972Capital Market Equilibrium with Restricted Borrowing3,097 cited
  • 2003The Adjustment of Stock Prices to New Information3,063 cited
  • 1968The Information Content of Annual Earnings Announcements2,739 cited
  • 1966Market and Industry Factors in Stock Price Behavior838 cited
  • 1973Studies in the Theory of Capital Markets.737 cited
  • 1971Risk, Return, and Equilibrium539 cited
  • 1967Some Preliminary Findings on the Association between the Earnings of a Firm, Its Industry, and the Economy227 cited
  • 1972Changes in Accounting Techniques and Stock Prices216 cited
  • 1970Portfolio Theory: A Step Toward Its Practical Application212 cited
  • 1972

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Investor Evaluation of Accounting Information: Some Empirical Evidence
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