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Stock exchange seats as capital assets
13 references·16 citing·29 second hop
Stock exchange seats as capital assets (1977)Stock exchange seats as capital assetsCapital Markets: Theory and Evidence (2003)Capital Markets: Theory and E…Foundations of Finance. (1977)Foundations of Finance.Price performance of common stock new issues (1975)Price performance of common s…A Comparison of the Stable and Student Distributions as Statistical Models for Stock Prices (1974)A Comparison of the Stable an…The Variability of the Market Factor of the New York Stock Exchange (1973)The Variability of the Market…A Subordinated Stochastic Process Model with Finite Variance for Speculative Prices (1973)A Subordinated Stochastic Pro…Capital Markets: Theory and Evidence (1972)Capital Markets: Theory and E…Capital Market Equilibrium with Restricted Borrowing (1972)Capital Market Equilibrium wi…EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)EFFICIENT CAPITAL MARKETS: A …Efficient Capital Markets: A Review of Theory and Empirical Work (1970)Efficient Capital Markets: A …The Behavior of Stock-Market Prices (1965)The Behavior of Stock-Market …SECURITY 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…Technical market indicators: An overview (2014)Technical market indicators: …Corporate Social Responsibility and Asset Pricing in Industry Equilibrium (2012)Corporate Social Responsibili…The Risk-Adjusted Performance of US Buyouts (2006)The Risk-Adjusted Performance…The Highest Price Ever: The Great NYSE Seat Sale of 1928-1929 and Capacity Constraints (2005)The Highest Price Ever: The G…An econometric model of serial correlation and illiquidity in hedge fund returns (2004)An econometric model of seria…Trading and Exchanges: Market Microstructure for Practitioners (2002)Trading and Exchanges: Market…Market Orders and Market Efficiency (1997)Market Orders and Market Effi…Asset pricing and the bid-ask spread (1986)Asset pricing and the bid-ask…The Information Content of Specialist Pricing (1985)The Information Content of Sp…Measuring the Effects of Regulation with Stock Price Data (1985)Measuring the Effects of Regu…Friction in the trading process and the estimation of systematic risk (1983)Friction in the trading proce…Towards Indices of Real Estate Value and Return (1980)Towards Indices of Real Estat…Risk measurement when shares are subject to infrequent trading (1979)Risk measurement when shares …Liquidity Changes Following Stock Splits (1979)Liquidity Changes Following S…Public Regulation of National Securities Exchanges: A Test of the Capture Hypothesis (1977)Public Regulation of National…Estimating betas from nonsynchronous data (1977)Estimating betas from nonsync…An Empirical Evaluation of Accounting Income Numbers (1968)Risk, Return, and Equilibrium: Empirical Tests (1973)Using daily stock returns (1985)The Cross-Section of Expected Stock Returns (1992)R2 around the world: New theory and new tests☆ (2005)Some New Stock-Market Indexes (1966)An Intertemporal Capital Asset Pricing Model (1973)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Illiquidity and stock returns: cross-section and time-series effects (2002)The relationship between return and market value of common stocks (1981)The theory and practice of econometrics (1986)A Simple Model of Capital Market Equilibrium with Incomplete Information (1987)Investor Sentiment and the Cross‐Section of Stock Returns (2006)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)Portfolio Selection: Efficient Diversification of Investments (1959)Dividend Policy, Growth, and the Valuation of Shares (1961)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)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)The Analysis of Economic Time-Series-Part I: Prices (1953)The Random Character of Stock Market Prices (1968)Option pricing when underlying stock returns are discontinuous (1976)The variation of certain speculative prices (1997)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 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 arbitrage theory of capital asset pricing (1976)
this work references cited by second hop

References

  • 1970EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*24,470 cited
  • 1964CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*20,205 cited
  • 1970Efficient Capital Markets: A Review of Theory and Empirical Work13,616 cited
  • 1965The Behavior of Stock-Market Prices8,772 cited
  • 1972Capital Market Equilibrium with Restricted Borrowing3,097 cited
  • 1973A Subordinated Stochastic Process Model with Finite Variance for Speculative Prices2,781 cited
  • 1965SECURITY PRICES, RISK, AND MAXIMAL GAINS FROM DIVERSIFICATION*2,500 cited
  • 1975Price performance of common stock new issues1,361 cited
  • 1977Foundations of Finance.1,128 cited
  • 1974A Comparison of the Stable and Student Distributions as Statistical Models for Stock Prices903 cited
  • 1973The Variability of the Market Factor of the New York Stock Exchange455 cited
  • 2003Capital Markets: Theory and Evidence284 cited
  • 1972Capital Markets: Theory and Evidence235 cited

Cited by

  • 1986Asset pricing and the bid-ask spread5,087 cited
  • 1979Risk measurement when shares are subject to infrequent trading2,767 cited

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  • 1977Estimating betas from nonsynchronous data2,751 cited
  • 2004An econometric model of serial correlation and illiquidity in hedge fund returns1,000 cited
  • 2002Trading and Exchanges: Market Microstructure for Practitioners522 cited
  • 1985Measuring the Effects of Regulation with Stock Price Data481 cited
  • 1983Friction in the trading process and the estimation of systematic risk345 cited
  • 1979Liquidity Changes Following Stock Splits326 cited
  • 1980Towards Indices of Real Estate Value and Return135 cited
  • 1997Market Orders and Market Efficiency66 cited
  • 2005The Highest Price Ever: The Great NYSE Seat Sale of 1928-1929 and Capacity Constraints43 cited
  • 2014Technical market indicators: An overview42 cited
  • 1985The Information Content of Specialist Pricing42 cited
  • 1977Public Regulation of National Securities Exchanges: A Test of the Capture Hypothesis42 cited
  • 2012Corporate Social Responsibility and Asset Pricing in Industry Equilibrium42 cited
  • 2006The Risk-Adjusted Performance of US Buyouts30 cited