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THE CAPITAL DECISION IN COMMERCIAL BANKS
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THE CAPITAL DECISION IN COMMERCIAL BANKS (1974)THE CAPITAL DECISION IN COMMERCIAL BANKSA STATE‐PREFERENCE MODEL OF OPTIMAL FINANCIAL LEVERAGE (1973)A STATE‐PREFERENCE MODEL OF O…Security Pricing and Investment Criteria in Competitive Markets: Reply (1972)Security Pricing and Investme…Credit Rationing and the Commercial Loan-Market. (1972)Credit Rationing and the Comm…Capital Market Equilibrium with Restricted Borrowing (1972)Capital Market Equilibrium wi…Risk, Return, and Equilibrium (1971)Risk, Return, and EquilibriumON THE THEORY OF FINANCIAL INTERMEDIATION (1971)ON THE THEORY OF FINANCIAL IN…Capital Market Equilibrium with Divergent Borrowing and Lending Rates (1971)Capital Market Equilibrium wi…A Theory of the Banking Firm (1971)A Theory of the Banking FirmPREDICTION OF BANK FAILURES (1970)PREDICTION OF BANK FAILURESCapital Investment in Commercial Banking and Its Relationship to Portfolio Regulation (1970)Capital Investment in Commerc…CREDIT RATIONING AND THE COMMERCIAL‐LOAN MARKET* (1969)CREDIT RATIONING AND THE COMM…Imperfections in the Capital Market (1967)Imperfections in the Capital …Equilibrium in a Capital Asset Market (1966)Equilibrium in a Capital Asse…The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)The Valuation of Risk Assets …CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)CAPITAL ASSET PRICES: A THEOR…Money in a Theory of Finance. (1960)Money in a Theory of Finance.Valuation, Capital Structure, and Shareholder Unanimity for Depository Financial Intermediaries (1983)Valuation, Capital Structure,…Financial Management of Commercial Banks (1980)Financial Management of Comme…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)On the Application of Portfolio Theory to Depository Financial Intermediaries (1974)Formulation of the Russell-Yasuda Kasai Financial Planning Model (1998)The cost of capital, corporation finance and the theory of investment (2008)Credit risk management and profitability of Commercial banks in kenya (2010)Crime and Punishment: An Economic Approach (1968)FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)A MULTIVARIATE STATISTICAL ANALYSIS OF THE CHARACTERISTICS OF PROBLEM BANKS (1975)Prediction of financial distress: An empirical study of listed Chinese companies using data mining (2014)Ensemble boosted trees with synthetic features generation in application to bankruptcy prediction (2016)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)Intertemporal Asset Pricing with Heterogeneous Consumers and Without Demand Aggregation (1982)Learning, Asset‐Pricing Tests, and Market Efficiency (2002)Is the IPO pricing process efficient? (2003)CORPORATE INCOME TAXES AND THE COST OF CAPITAL: A CORRECTION (1963)Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure (1979)The Determinants of Firms' Hedging Policies (1985)An Intertemporal Capital Asset Pricing Model (1973)The Pricing of Options and Corporate Liabilities (1973)Option pricing when underlying stock returns are discontinuous (1976)The Rigidity of Prices: Evidence from the Banking Industry (1991)Capital requirements and the behaviour of commercial banks (1992)The Seeds of a Crisis: A Theory of Bank Liquidity and Risk-Taking Over the Business Cycle (2011)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Common risk factors in the returns on stocks and bonds (1993)Alternative approaches to the theory of the banking firm (1980)Can banks individually create money out of nothing? — The theories and the empirical evidence (2014)Role of financial development, economic growth & foreign direct investment in driving climate change: A case of emerging ASEAN (2019)Risk, Return, and Equilibrium: Empirical Tests (1973)The arbitrage theory of capital asset pricing (1976)The Cross-Section of Expected Stock Returns (1992)On Persistence in Mutual Fund Performance (1997)
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References

  • 1964CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*19,431 cited
  • 1965The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets7,600 cited
  • 1966Equilibrium in a Capital Asset Market4,896 cited
  • 1972Capital Market Equilibrium with Restricted Borrowing3,097 cited
  • 1973A STATE‐PREFERENCE MODEL OF OPTIMAL FINANCIAL LEVERAGE2,598 cited
  • 1971A Theory of the Banking Firm772 cited
  • 1960Money in a Theory of Finance.669 cited
  • 1971Risk, Return, and Equilibrium539 cited
  • 1970PREDICTION OF BANK FAILURES501 cited
  • 1971ON THE THEORY OF FINANCIAL INTERMEDIATION283 cited
  • 1967Imperfections in the Capital Market269 cited
  • 1970Capital Investment in Commercial Banking and Its Relationship to Portfolio Regulation164 cited
  • 1971Capital Market Equilibrium with Divergent Borrowing and Lending Rates148 cited
  • 1972Credit Rationing and the Commercial Loan-Market.143 cited
  • 1969CREDIT RATIONING AND THE COMMERCIAL‐LOAN MARKET*142 cited
  • 1972Security Pricing and Investment Criteria in Competitive Markets: Reply

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  • 1983Valuation, Capital Structure, and Shareholder Unanimity for Depository Financial Intermediaries34 cited
  • 1980Financial Management of Commercial Banks34 cited