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Legislating stock prices
16 references·11 citing·20 second hop
Legislating stock prices (2013)Legislating stock pricesThe Theory of Economic Regulation (2021)The Theory of Economic Regula…When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10‐Ks (2011)When Is a Liability Not a Lia…Giving Content to Investor Sentiment: The Role of Media in the Stock Market (2007)Giving Content to Investor Se…Politically Connected Firms (2006)Politically Connected FirmsPolitical Connections and Corporate Bailouts (2006)Political Connections and Cor…Estimating the Value of Political Connections (2001)Estimating the Value of Polit…Congress: A Political-Economic History of Roll Call Voting (2000)Congress: A Political-Economi…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Industry costs of equity (1997)Industry costs of equityMultifactor Explanations of Asset Pricing Anomalies (1996)Multifactor Explanations of A…Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Returns to Buying Winners and…The Cross-Section of Expected Stock Returns (1992)The Cross-Section of Expected…Evidence of Predictable Behavior of Security Returns (1990)Evidence of Predictable Behav…The relationship between return and market value of common stocks (1981)The relationship between retu…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…The Theory of Economic Regulation (1971)The Theory of Economic Regula…Textual Analysis in Financial Research and Practice: A Literature Review (2025)Textual Analysis in Financial…Using Social Media to Identify the Effects of Congressional Viewpoints on Asset Prices (2024)Using Social Media to Identif…Measuring the Expected Effects of the Global Tax Reform (2023)Measuring the Expected Effect…Political information flow and management guidance (2022)Political information flow an…Political power, local policy uncertainty and IPO pricing (2021)Political power, local policy…The Personal Wealth Interests of Politicians and Government Intervention in the Economy (2018)The Personal Wealth Interests…Political Borders and Bank Lending in Post-Crisis America (2018)Political Borders and Bank Le…Policy Uncertainty and the Dual Role of Corporate Political Strategies (2018)Policy Uncertainty and the Du…Political Borders and Bank Lending in Post-Crisis America (2016)Political Borders and Bank Le…Alphanomics: The Informational Underpinnings of Market Efficiency (2015)Alphanomics: The Informationa…‘When Is a Liability Not a Liability’ Revisited: Should Financial Text Analysis Abandon General Lexicons? (2015)‘When Is a Liability Not a Li…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Common risk factors in the returns on stocks and bonds (1993)Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Conditional Skewness in Asset Pricing Tests (2000)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)Capital Market Equilibrium with Restricted Borrowing (1972)A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory (1977)Does the Stock Market Overreact? (1985)Disappearing dividends: changing firm characteristics or lower propensity to pay? (2001)In Search of Attention (2011)Text as Data: The Promise and Pitfalls of Automatic Content Analysis Methods for Political Texts (2013)Textual Analysis in Accounting and Finance: A Survey (2016)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)The Regulation of Entry (2000)The great reversals: the politics of financial development in the twentieth century (2003)Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens (2014)Investor Psychology and Security Market Under‐ and Overreactions (1998)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)
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References

  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1992The Cross-Section of Expected Stock Returns17,251 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1993Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency11,575 cited
  • 1971The Theory of Economic Regulation8,084 cited
  • 1996Multifactor Explanations of Asset Pricing Anomalies6,710 cited
  • 2011When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10‐Ks6,003 cited
  • 1981The relationship between return and market value of common stocks5,928 cited
  • 1997Industry costs of equity5,793 cited
  • 2021The Theory of Economic Regulation5,483 cited
  • 2007Giving Content to Investor Sentiment: The Role of Media in the Stock Market4,822 cited
  • 2006Politically Connected Firms4,073 cited
  • 2001Estimating the Value of Political Connections2,988 cited
  • 2000Congress: A Political-Economic History of Roll Call Voting2,798 cited
  • 1990Evidence of Predictable Behavior of Security Returns2,702 cited
  • 2006Political Connections and Corporate Bailouts

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Cited by

  • 2018The Personal Wealth Interests of Politicians and Government Intervention in the Economy73 cited
  • 2018Political Borders and Bank Lending in Post-Crisis America67 cited
  • 2015Alphanomics: The Informational Underpinnings of Market Efficiency55 cited
  • 2016Political Borders and Bank Lending in Post-Crisis America42 cited
  • 2018Policy Uncertainty and the Dual Role of Corporate Political Strategies41 cited
  • 2021Political power, local policy uncertainty and IPO pricing32 cited
  • 2023Measuring the Expected Effects of the Global Tax Reform32 cited
  • 2024Using Social Media to Identify the Effects of Congressional Viewpoints on Asset Prices32 cited
  • 2022Political information flow and management guidance18 cited
  • 2015‘When Is a Liability Not a Liability’ Revisited: Should Financial Text Analysis Abandon General Lexicons?1 cited
  • 2025Textual Analysis in Financial Research and Practice: A Literature Review1 cited