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The Dark Side of Financial Innovation
16 references·1 citing·44 second hop
The Dark Side of Financial Innovation (2009)The Dark Side of Financial InnovationMerton, Robert C. (2010)Merton, Robert C.Stocks as Lotteries: The Implications of Probability Weighting for Security Prices (2008)Stocks as Lotteries: The Impl…Individual Preferences, Monetary Gambles, and Stock Market Participation: A Case for Narrow Framing (2006)Individual Preferences, Monet…Theory of rational option pricing (2005)Theory of rational option pri…On the Benefits of Concurrent Lending and Underwriting (2005)On the Benefits of Concurrent…Is the Glass-Steagall Act Justified? A Study of the U.S. Experience with Universal Banking Before 1933 (2004)Is the Glass-Steagall Act Jus…Empirical Studies of Financial Innovation: Lots of Talk, Little Action? (2004)Empirical Studies of Financia…Maps of Bounded Rationality: Psychology for Behavioral Economics (2003)Maps of Bounded Rationality: …The Equity Premium (2002)The Equity PremiumDo Investors Trade Too Much? (1999)Do Investors Trade Too Much?Speculation Duopoly with Agreement to Disagree: Can Overconfidence Survive the Market Test? (1997)Speculation Duopoly with Agre…The Cross-Section of Expected Stock Returns (1992)The Cross-Section of Expected…Financial Innovation: The Last Twenty Years and the Next (1986)Financial Innovation: The Las…The equity premium: A puzzle (1985)The equity premium: A puzzleOptions and Efficiency (1976)Options and EfficiencyThe Pricing of Options and Corporate Liabilities (1973)The Pricing of Options and Co…Barriers to Financial Innovation—Corporate Finance Perspective (2020)Barriers to Financial Innovat…EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options (1993)Theory of Rational Option Pricing (1973)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Bank competition and financial stability in Asia Pacific (2013)Financial distress and bankruptcy prediction among listed companies using accounting, market and macroeconomic variables (2013)How does competition affect bank systemic risk? (2013)A BEHAVIORAL MODEL OF RATIONAL CHOICE (1955)Judgment under Uncertainty: Heuristics and Biases (1974)Judgment under Uncertainty: Heuristics and Biases (1975)Neuroeconomics: How Neuroscience Can Inform Economics (2005)Naturalistic Decision Making (2008)The Polarizing Impact of Science Literacy and Numeracy on Perceived Climate Change Risks (2012)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Risk, Return, and Equilibrium: Empirical Tests (1973)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Illiquidity and stock returns: cross-section and time-series effects (2002)An Intertemporal Capital Asset Pricing Model (1973)Asset Prices in an Exchange Economy (1978)Time to Build and Aggregate Fluctuations (1982)Noise Trader Risk in Financial Markets (1990)Efficient Capital Markets: II (1991)ARCH modeling in finance (1992)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Advances in prospect theory: Cumulative representation of uncertainty (1992)Expected Idiosyncratic Skewness (2009)Maxing out: Stocks as lotteries and the cross-section of expected returns (2010)Arbitrage Asymmetry and the Idiosyncratic Volatility Puzzle (2015)The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors (1988)Business conditions and expected returns on stocks and bonds (1989)Predicting returns with financial ratios (2004)Variable Rare Disasters: An Exactly Solved Framework for Ten Puzzles in Macro-Finance * (2012)Dissecting green returns (2022)Common risk factors in the returns on stocks and bonds (1993)Investor Psychology and Asset Pricing (2001)The Efficient Market Hypothesis and Its Critics (2003)Who Gambles in the Stock Market? (2009)Recovering Risk Aversion from Option Prices and Realized Returns (2000)Spanning and derivative-security valuation (2000)Neglected risks, financial innovation, and financial fragility (2011)
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References

  • 1973The Pricing of Options and Corporate Liabilities29,064 cited
  • 1992The Cross-Section of Expected Stock Returns17,251 cited
  • 2005Theory of rational option pricing7,161 cited
  • 1985The equity premium: A puzzle5,785 cited
  • 2003Maps of Bounded Rationality: Psychology for Behavioral Economics5,374 cited
  • 1999Do Investors Trade Too Much?2,245 cited
  • 2008Stocks as Lotteries: The Implications of Probability Weighting for Security Prices1,548 cited
  • 2002The Equity Premium1,331 cited
  • 1976Options and Efficiency830 cited
  • 2010Merton, Robert C.812 cited
  • 2006Individual Preferences, Monetary Gambles, and Stock Market Participation: A Case for Narrow Framing600 cited
  • 1997Speculation Duopoly with Agreement to Disagree: Can Overconfidence Survive the Market Test?553 cited
  • 2005On the Benefits of Concurrent Lending and Underwriting539 cited
  • 1986Financial Innovation: The Last Twenty Years and the Next519 cited
  • 2004Is the Glass-Steagall Act Justified? A Study of the U.S. Experience with Universal Banking Before 1933513 cited
  • 2004Empirical Studies of Financial Innovation: Lots of Talk, Little Action?

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423 cited

Cited by

  • 2020Barriers to Financial Innovation—Corporate Finance Perspective18 cited