SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
The Articulation of Price-Earnings Ratios and Market-to-Book Ratios and the Evaluation of Growth
5 references·16 citing·43 second hop
The Articulation of Price-Earnings Ratios and Market-to-Book Ratios and the Evaluation of Growth (1996)The Articulation of Price-Earnings Ratios…The Valuation of Uncertain Income Streams and the Pricing of Options (1976)The Valuation of Uncertain In…The Investment, Financing, and Valuation of the Corporation (1963)The Investment, Financing, an…Security Analysis: Principles and Technique. (1963)Security Analysis: Principles…The Theory and Measurement of Business Income (1961)The Theory and Measurement of…The Theory of Investment Value, by John Burr Williams (1939)The Theory of Investment Valu…The effect of sustainable business practices on profitability. Accounting for strategic disclosure (2022)The effect of sustainable bus…Leviathan as a Minority Shareholder: Firm-Level Implications of State Equity Purchases (2013)Leviathan as a Minority Share…Identifying Expectation Errors in Value/Glamour Strategies: A Fundamental Analysis Approach (2012)Identifying Expectation Error…The Allowance for Uncollectible Accounts, Conservatism, and Earnings Management (2009)The Allowance for Uncollectib…Overvaluation and earnings management (2009)Overvaluation and earnings ma…Earnings Management? Erroneous Inferences Based on Earnings Frequency Distributions (2009)Earnings Management? Erroneou…Does Corporate Transparency Contribute to Efficient Resource Allocation? (2009)Does Corporate Transparency C…THE INVESTMENT OPPORTUNITY SET AND ITS PROXY VARIABLES (2008)THE INVESTMENT OPPORTUNITY SE…Determinants of Audit Committee Diligence (2007)Determinants of Audit Committ…Does Income Smoothing Improve Earnings Informativeness? (2005)Does Income Smoothing Improve…Valuation of the Debt Tax Shield (2002)Valuation of the Debt Tax Shi…The Valuation Accuracy of the Price-Earnings and Price-Book Benchmark Valuation Methods (2000)The Valuation Accuracy of the…Whisper forecasts of quarterly earnings per share (1999)Whisper forecasts of quarterl…Combining Earnings and Book Value in Equity Valuation* (1998)Combining Earnings and Book V…A Comparison of Dividend, Cash Flow, and Earnings Approaches to Equity Valuation* (1998)A Comparison of Dividend, Cas…The Valuation of Deferred Taxes* (1997)The Valuation of Deferred Tax…Institutions, Institutional Change and Economic Performance (1990)Institutions, Institutional Change and Economic Performance (1991)The Cross-Section of Expected Stock Returns (1992)Diplomatic and corporate networks: Bridges to foreign locations (2017)On the duality of political and economic stakeholder influence on firm innovation performance: T heory and evidence from C hinese firms (2017)State Ownership and Political Connections (2019)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Separation of Ownership and Control (1983)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Determinants of Audit Committee Meeting Frequency: Evidence from a Voluntary Governance System (2009)The role of audit committee attributes in corporate sustainability reporting (2019)Do audit committee attributes influence integrated reporting quality? An agency theory viewpoint (2020)Job Market Signaling (1973)Common risk factors in the returns on stocks and bonds (1993)Suspect CEOs, unethical culture, and corporate misbehavior (2014)The Effect of Mandatory Audit Firm Rotation on Audit Quality and Audit Fees: Empirical Evidence from the Korean Audit Market (2014)Financial Statement Comparability and the Informativeness of Stock Prices About Future Earnings (2018)Determinants of corporate borrowing (1977)Financing Constraints and Corporate Investment (1988)What Do We Know about Capital Structure? Some Evidence from International Data (1995)Rating the Ratings: How Good are Commercial Governance Ratings? (2010)Beyond institutional voids: Business groups, incomplete markets, and organizational form (2013)Determinants of materiality disclosure quality in integrated reporting: Empirical evidence from an international setting (2019)Dividend Policy, Growth, and the Valuation of Shares (1961)Conservative accounting and equity valuation (2000)The Ohlson Model: Contribution to Valuation Theory, Limitations, and Empirical Applications (2000)The cost of capital, corporation finance and the theory of investment (2008)Corporate Social and Financial Performance Re-Examined: Industry Effects in a Linear Mixed Model Analysis (2011)THE TAX‐ADJUSTED YIELD CURVE (1975)Bulls, bears and market sheep (1990)Comparing the Accuracy and Explainability of Dividend, Free Cash Flow, and Abnormal Earnings Equity Value Estimates (2000)Introduction to financial forecasting (1996)Tools of the trade: the socio-technology of arbitrage in a Wall Street trading room (2004)ESG Integration and the Investment Management Process: Fundamental Investing Reinvented (2015)Earnings, Book Values, and Dividends in Equity Valuation* (1995)Valuation and Clean Surplus Accounting for Operating and Financial Activities* (1995)Capital markets research in accounting (2001)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 Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors (1988)Predicting Excess Stock Returns Out of Sample: Can Anything Beat the Historical Average? (2007)Implied Binomial Trees (1994)Resurrecting the (C)CAPM: A Cross‐Sectional Test When Risk Premia Are Time‐Varying (2001)The Adaptive Markets Hypothesis (2004)
this work references cited by second hop

References

  • 1976The Valuation of Uncertain Income Streams and the Pricing of Options1,620 cited
  • 1961The Theory and Measurement of Business Income970 cited
  • 1963The Investment, Financing, and Valuation of the Corporation958 cited
  • 1939The Theory of Investment Value, by John Burr Williams623 cited
  • 1963Security Analysis: Principles and Technique.354 cited

Cited by

  • 1998A Comparison of Dividend, Cash Flow, and Earnings Approaches to Equity Valuation*438 cited
  • 2013Leviathan as a Minority Shareholder: Firm-Level Implications of State Equity Purchases346 cited
  • 2008THE INVESTMENT OPPORTUNITY SET AND ITS PROXY VARIABLES304 cited
  • 2007Determinants of Audit Committee Diligence245 cited
  • 2005Does Income Smoothing Improve Earnings Informativeness?224 cited
  • 2012Identifying Expectation Errors in Value/Glamour Strategies: A Fundamental Analysis Approach218 cited
  • 1997The Valuation of Deferred Taxes*173 cited
  • 1998Combining Earnings and Book Value in Equity Valuation*173 cited
  • 2009The Allowance for Uncollectible Accounts, Conservatism, and Earnings Management170 cited
  • 2009Does Corporate Transparency Contribute to Efficient Resource Allocation?

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

169 cited
  • 2002Valuation of the Debt Tax Shield165 cited
  • 2000The Valuation Accuracy of the Price-Earnings and Price-Book Benchmark Valuation Methods165 cited
  • 2009Earnings Management? Erroneous Inferences Based on Earnings Frequency Distributions158 cited
  • 2009Overvaluation and earnings management153 cited
  • 1999Whisper forecasts of quarterly earnings per share150 cited
  • 2022The effect of sustainable business practices on profitability. Accounting for strategic disclosure146 cited