SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
AN EMPIRICAL TEST OF THE LARSON‐GONEDES EXCHANGE RATIO DETERMINATION MODEL
11 references·1 citing·37 second hop
AN EMPIRICAL TEST OF THE LARSON‐GONEDES EXCHANGE RATIO DETERMINATION MODEL (1977)AN EMPIRICAL TEST OF THE LARSON‐GONEDES E…The Theory of Financial Decisions. (1980)The Theory of Financial Decis…The Theory of Financial Decisions. (1974)The Theory of Financial Decis…Theory of Financial Markets. (1973)Theory of Financial Markets.Theory of Financial Markets. (1973)Theory of Financial Markets.THE PERFORMANCE OF CONGLOMERATE FIRMS: RECENT RISK AND RETURN EXPERIENCE (1973)THE PERFORMANCE OF CONGLOMERA…A Financial Analysis of Acquisition and Merger Premiums (1973)A Financial Analysis of Acqui…Conglomerate Performance Using the Capital Asset Pricing Model (1972)Conglomerate Performance Usin…Expectations, Mergers and Equilibrium in Purely Competitive Securities Markets (1971)Expectations, Mergers and Equ…A PURE FINANCIAL RATIONALE FOR THE CONGLOMERATE MERGER (1971)A PURE FINANCIAL RATIONALE FO…DIVERSIFICATION, PORTFOLIO ANALYSIS AND THE UNEASY CASE FOR CONGLOMERATE MERGERS (1970)DIVERSIFICATION, PORTFOLIO AN…An Economic Disturbance Theory of Mergers (1969)An Economic Disturbance Theor…Premium, merger fees and the choice of investment banks: A simultaneous analysis (2007)Premium, merger fees and the …Portfolio Selection: Efficient Diversification of Investments (1959)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)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 effects of conglomerate mergers (1977)Conglomerate Performance Over the Economic Cycle (1983)Diversity, Diversification, and Profitability Among British Manufacturing Companies, 1972–1984 (1988)PORTFOLIO SELECTION* (1952)Dividend Policy, Growth, and the Valuation of Shares (1961)Strategy and Structure in the Multiproduct Firm (1987)Wealth creation versus wealth redistributions in pure stock-for-stock mergers1We are grateful to Tom Arnold, Sanjai Bhagat, James Bicksler, David Blackwell, Ekkehart Boehmer, Ted Bos, Robert Brokaw, Bill Carleton, Bob Comment, Chris Cornwell, Mary Dehner, Bob Eisenbeis, Jimmy Hilliard, Randy Howard, Steve Jones, Ed Kane, Josef Lakonishok, Larry Lang, Bill Lewellen, Marc Lipson, Paul Malatesta, Jeff Netter, Cathy Niden, Volker Pollmann, Annette Poulsen, Jay Ritter, Richard Ruback, Louis Scott, Joe Sinkey, Bill Schwert (the editor), Ralph Walkling (the referee), Ron Warren, J. Fred Weston, Karen Wruck, and seminar participants at the University of Arizona, the University of Delaware, the University of Illinois, the University of Georgia, the University of Miami, Seattle University, the 1995 European Finance Association, the 1996 Financial Management Association, and the 1996 American Finance Association meetings for their helpful comments and recommendations. We also gratefully acknowledge the financial support provided for this project by the University of Georgia Research Foundation. Finally, Steve Henry, Rick McKinney, David Quillian, and Ryan Vaughn provided vital assistance with data collection and assisted with data input.1 (1998)Institutional cross-ownership and corporate strategy: The case of mergers and acquisitions (2017)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The option pricing model and the risk factor of stock (1976)Corporate focus and stock returns (1995)Curvilinearity in the diversification-performance linkage: an examination of over three decades of research (2000)The cost of capital, corporation finance and the theory of investment (2008)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)Firm Diversity: Conceptualization and Measurement (1982)The Combined Effect of International Diversification and Product Diversification Strategies on the Performance of U.S. Based Multinational Corporations: A Comment (1995)How to Rate Management of Investment Funds (2012)The Decline of Dominant Firms, 1905-1929 (1984)Market Optimism and Merger Waves (2012)ASSET LEASING IN COMPETITIVE CAPITAL MARKETS (1976)An application of logit analysis to prediction of merger targets (1984)Principles of Financial Economics (2014)Transactions Costs and the Theory of Portfolio Selection (1976)Investment Policy, Optimality, and the Mean-Variance Model (1979)The Limits of Investor Behavior (2006)Strategic momentum: The effects of repetitive, positional, and contextual momentum on merger activity (1992)General Purpose Technologies (2005)A century of corporate takeovers: What have we learned and where do we stand? (2008)Why risk analysis isn't working (1975)SOME OBSERVATIONS ON RISK‐ADJUSTED DISCOUNT RATES (1977)THE RELATIONSHIP BETWEEN YIELD, RISK, AND RETURN OF CORPORATE BONDS (1978)Changes in the Financial Market: Welfare and Price Effects and the Basic Theorems of Value Conservation (1982)An introduction to general equilibrium with incomplete asset markets (1990)On the Inverse of the Covariance Matrix in Portfolio Analysis (1998)
this work references cited by second hop

References

  • 1971A PURE FINANCIAL RATIONALE FOR THE CONGLOMERATE MERGER1,189 cited
  • 1969An Economic Disturbance Theory of Mergers607 cited
  • 1970DIVERSIFICATION, PORTFOLIO ANALYSIS AND THE UNEASY CASE FOR CONGLOMERATE MERGERS257 cited
  • 1980The Theory of Financial Decisions.178 cited
  • 1973Theory of Financial Markets.162 cited
  • 1973Theory of Financial Markets.130 cited
  • 1973THE PERFORMANCE OF CONGLOMERATE FIRMS: RECENT RISK AND RETURN EXPERIENCE95 cited
  • 1971Expectations, Mergers and Equilibrium in Purely Competitive Securities Markets82 cited
  • 1972Conglomerate Performance Using the Capital Asset Pricing Model60 cited
  • 1974The Theory of Financial Decisions.50 cited
  • 1973A Financial Analysis of Acquisition and Merger Premiums44 cited

Cited by

  • 2007Premium, merger fees and the choice of investment banks: A simultaneous analysis21 cited

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work