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PERCEIVED RISK AND CAPITAL ASSET PRICING
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PERCEIVED RISK AND CAPITAL ASSET PRICING (1978)PERCEIVED RISK AND CAPITAL ASSET PRICINGA critique of the asset pricing theory's tests Part I: On past and potential testability of the theory (1977)A critique of the asset prici…On the Association Between Operating Leverage and Risk (1974)On the Association Between Op…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 EFFECT OF THE FIRM'S CAPITAL STRUCTURE ON THE SYSTEMATIC RISK OF COMMON STOCKS (1972)THE EFFECT OF THE FIRM'S CAPI…ON THE ASSESSMENT OF RISK (1971)ON THE ASSESSMENT OF RISKThe Association Between Market Determined and Accounting Determined Risk Measures. (1970)The Association Between Marke…Mathematical psychology : an elementary introduction (1970)Mathematical psychology : an …Applied factor analysis (1970)Applied factor analysisSECURITY PRICES, RISK, AND MAXIMAL GAINS FROM DIVERSIFICATION* (1965)SECURITY PRICES, RISK, AND MA…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)CAPITAL ASSET PRICES: A THEOR…The Investment, Financing, and Valuation of the Corporation. (1963)The Investment, Financing, an…The Investment, Financing, and Valuation of the Corporation (1963)The Investment, Financing, an…A theory of data. (1960)A theory of data.Techniques of attitude scale construction. (1957)Techniques of attitude scale …Portfolio Selection (1952)Portfolio SelectionThe nature of individual investors' heterogeneous expectations (1984)The nature of individual inve…The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)The relationship between return and market value of common stocks (1981)Efficient Capital Markets: II (1991)Multifactor Explanations of Asset Pricing Anomalies (1996)Theory and Methods of Scaling (1958)Individual Choice Behavior: A Theoretical Analysis. (1960)A Directional Theory of Issue Voting (1989)Assessing subjective well-being: Progress and opportunities (1994)Validation Guidelines for IS Positivist Research (2004)Multiple Factor Analysis (2007)The Behavior of Stock-Market Prices (1965)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)On Persistence in Mutual Fund Performance (1997)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)How safe is safe enough? A psychometric study of attitudes towards technological risks and benefits (1978)Teacher efficacy: A construct validation. (1984)Relation of sample size to the stability of component patterns. (1988)Self-Concept: Validation of Construct Interpretations (1976)An Overview of Psychological Measurement (1978)Implicit social cognition: Attitudes, self-esteem, and stereotypes. (1995)An Engine, Not a Camera (2006)Does board gender diversity improve the informativeness of stock prices? (2011)… and the Cross-Section of Expected Returns (2015)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)The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors (1988)Predicting Excess Stock Returns Out of Sample: Can Anything Beat the Historical Average? (2007)An intertemporal asset pricing model with stochastic consumption and investment opportunities (1979)Conditional value-at-risk for general loss distributions (2002)The Capital Asset Pricing Model: Theory and Evidence (2004)
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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
  • 1952Portfolio Selection4,609 cited
  • 1977A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory3,006 cited
  • 1970Applied factor analysis2,458 cited
  • 1965SECURITY PRICES, RISK, AND MAXIMAL GAINS FROM DIVERSIFICATION*2,451 cited
  • 1957Techniques of attitude scale construction.1,669 cited
  • 1960A theory of data.1,556 cited
  • 1972THE EFFECT OF THE FIRM'S CAPITAL STRUCTURE ON THE SYSTEMATIC RISK OF COMMON STOCKS1,130 cited
  • 1963The Investment, Financing, and Valuation of the Corporation958 cited
  • 1973Studies in the Theory of Capital Markets.737 cited
  • 1971ON THE ASSESSMENT OF RISK721 cited
  • 1970The Association Between Market Determined and Accounting Determined Risk Measures.573 cited
  • 1970Mathematical psychology : an elementary introduction544 cited
  • 1974On the Association Between Operating Leverage and Risk513 cited
  • 1963The Investment, Financing, and Valuation of the Corporation.

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  • 1984The nature of individual investors' heterogeneous expectations23 cited