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Risk, Information, and the Effects of Special Accounting Items on Capital Market Equilibrium
6 references·9 citing·41 second hop
Risk, Information, and the Effects of Special Accounting Items on Capital Market Equilibrium (1975)Risk, Information, and the Effects of Spe…The Adjustment of Stock Prices to New Information (2003)The Adjustment of Stock Price…Capital Market Equilibrium, Information Production, and Selecting Accounting Techniques: Theoretical Framework and Review of Empirical Work (1974)Capital Market Equilibrium, I…A Comparison of the Stable and Student Distributions as Statistical Models for Stock Prices (1974)A Comparison of the Stable an…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…PORTFOLIO ANALYSIS, MARKET EQUILIBRIUM AND CORPORATION FINANCE (1969)PORTFOLIO ANALYSIS, MARKET EQ…An Empirical Evaluation of Accounting Income Numbers (1968)An Empirical Evaluation of Ac…Commemorating the 50‐Year Anniversary of Ball and Brown (1968): The Evolution of Capital Market Research over the Past 50 Years (2019)Commemorating the 50‐Year Ann…Fair value accounting for liabilities: The role of disclosures in unraveling the counterintuitive income statement effect from credit risk changes (2011)Fair value accounting for lia…Management information changes and functional fixation: Some experimental evidence from the public sector (1986)Management information change…A Comparison of the Information Content of Insider Trading and Management Earnings Forecasts (1985)A Comparison of the Informati…Econometric Properties of Alternative Security Return Methods (1981)Econometric Properties of Alt…Mandatory Audit Regulation for Banks: An Empirical Evaluation of Its Effects (1980)Mandatory Audit Regulation fo…The Disclosure of Capitalized Lease Information and Stock Prices (1978)The Disclosure of Capitalized…Different Market Reactions to Discretionary and Nondiscretionary Accounting Changes (1977)Different Market Reactions to…THE CAPITAL MARKET, THE MARKET FOR INFORMATION, AND EXTERNAL ACCOUNTING (1976)THE CAPITAL MARKET, THE MARKE…Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)The Private and Social Value of Information and the Reward to Inventive Activity (1978)The relationship between return and market value of common stocks (1981)Insider Trading and Long-Run Return Performance (1995)INSIDER TRADING EFFECTS ON STOCK RETURNS AROUND OPEN‐MARKET STOCK REPURCHASE ANNOUNCEMENTS: AN EMPIRICAL STUDY (1995)Insider trading and shareholder investment horizons (2019)Semantic priming effects in visual word recognition : A selective review of current findings and theories (1991)Basic Processes in Reading: Visual Word Recognition (1993)Experimental research in financial accounting (2002)Fair value accounting for liabilities: Presentation format of credit risk changes and individual information processing (2014)The Impact of Fair Value Measurement for Bank Assets on Information Asymmetry and the Moderating Effect of Own Credit Risk Gains and Losses (2018)Fair value accounting: Current practice and perspectives for future research (2020)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Using daily stock returns (1985)Efficient Capital Markets: II (1991)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)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Dividend Policy, Growth, and the Valuation of Shares (1961)PORTFOLIO SELECTION* (1952)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)A MEAN‐VARIANCE SYNTHESIS OF CORPORATE FINANCIAL THEORY (1973)Corporate Income Taxes, Valuation, and the Problem of Optimal Capital Structure (1978)Political connections and the cost of equity capital (2012)Capital Market Equilibrium with Restricted Borrowing (1972)Measuring security price performance (1980)A Reexamination of the Power of Alternative Return-Generating Models and the Effect of Accounting for Cross-Sectional Dependencies in Event Studies (1990)Impact of Bovine Spongiform Encephalopathy on Agribusiness in the United Kingdom: Results of an Event Study of Equity Prices (2002)Partners of USEPA Climate Leaders: an Event Study on Stock Performance (2011)An Economic Theory of Democracy. (1958)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)The “real” cultural significance of accounts (1987)On the Frequency, Quality, and Informationl Role of Mandatory Financial Reports (1998)Trading Volume Around Earnings Announcements and Other Financial Reports: Theory, Research Design, Empirical Evidence, and Directions for Future Research* (2011)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Short-Range Market Reaction to Changes to LIFO Accounting Using Preliminary Earnings Announcement Dates (1980)Option values under stochastic volatility: Theory and empirical estimates (1987)Chaos and Nonlinear Dynamics: Application to Financial Markets (1991)Chapter 49 Arch models (1994)
this work references cited by second hop

References

  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1968An Empirical Evaluation of Accounting Income Numbers6,384 cited
  • 2003The Adjustment of Stock Prices to New Information3,063 cited
  • 1974A Comparison of the Stable and Student Distributions as Statistical Models for Stock Prices903 cited
  • 1969PORTFOLIO ANALYSIS, MARKET EQUILIBRIUM AND CORPORATION FINANCE525 cited
  • 1974Capital Market Equilibrium, Information Production, and Selecting Accounting Techniques: Theoretical Framework and Review of Empirical Work281 cited

Cited by

  • 1981Econometric Properties of Alternative Security Return Methods67 cited
  • 1985A Comparison of the Information Content of Insider Trading and Management Earnings Forecasts59 cited
  • 2011Fair value accounting for liabilities: The role of disclosures in unraveling the counterintuitive income statement effect from credit risk changes57 cited
  • 1977Different Market Reactions to Discretionary and Nondiscretionary Accounting Changes54 cited
  • 2019Commemorating the 50‐Year Anniversary of Ball and Brown (1968): The Evolution of Capital Market Research over the Past 50 Years40 cited
  • 1978The Disclosure of Capitalized Lease Information and Stock Prices39 cited
  • 1976THE CAPITAL MARKET, THE MARKET FOR INFORMATION, AND EXTERNAL ACCOUNTING36 cited
  • 1986

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Management information changes and functional fixation: Some experimental evidence from the public sector
33 cited
  • 1980Mandatory Audit Regulation for Banks: An Empirical Evaluation of Its Effects18 cited