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Wealth transfers via equity transactions
16 references·3 citing·32 second hop
Wealth transfers via equity transactions (2015)Wealth transfers via equity transactionsThe short of it: Investor sentiment and anomalies (2011)The short of it: Investor sen…The price of sin: The effects of social norms on markets (2009)The price of sin: The effects…Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Estimating Standard Errors in…Asset Growth and the Cross‐Section of Stock Returns (2008)Asset Growth and the Cross‐Se…Market Timing and Capital Structure (2002)Market Timing and Capital Str…The theory and practice of corporate finance: evidence from the field (2001)The theory and practice of co…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Measuring Mutual Fund Perform…The New Issues Puzzle (1995)The New Issues PuzzleMarket underreaction to open market share repurchases (1995)Market underreaction to open …Contrarian Investment, Extrapolation, and Risk (1994)Contrarian Investment, Extrap…The Long‐Run Performance of initial Public Offerings (1991)The Long‐Run Performance of i…Does the Stock Market Overreact? (1985)Does the Stock Market Overrea…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Dividend Policy, Growth, and the Valuation of Shares (1961)Dividend Policy, Growth, and …The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Cost of Capital, Corporat…Behavioral Corporate Finance (2018)Behavioral Corporate FinanceRegulatory effects on Analysts' conflicts of interest in corporate financing activities: Evidence from NASD Rule 2711 (2017)Regulatory effects on Analyst…Has Goodwill Accounting Gone Bad? (2011)Has Goodwill Accounting Gone …CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)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)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Pricing of Options and Corporate Liabilities (1973)Determinants of corporate borrowing (1977)Common risk factors in the returns on stocks and bonds (1993)Multifactor Explanations of Asset Pricing Anomalies (1996)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)The General Theory of Employment, Interest and Money, by John Maynard Keynes (1936)The General Theory of Employment, Interest and Money. (1936)Judgment Under Uncertainty: Heuristics and Biases. (1984)The relationship between return and market value of common stocks (1981)The Cross-Section of Expected Stock Returns (1992)Investor Psychology and Security Market Under‐ and Overreactions (1998)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)Managing with Style: The Effect of Managers on Firm Policies (2003)Law, finance, and economic growth in China (2005)The economic implications of corporate financial reporting (2005)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Capital Structure Decisions: Which Factors Are Reliably Important? (2007)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)Specification Tests in Econometrics (1978)Econometric Analysis of Cross Section and Panel Data (2001)Robust Standard Errors for Panel Regressions with Cross-Sectional Dependence (2007)Robust Inference With Multiway Clustering (2011)Policy Uncertainty and Corporate Investment (2015)Law and Finance (1998)
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References

  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1958The Cost of Capital, Corporation Finance and the Theory of Investment14,494 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 2008Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches10,793 cited
  • 1985Does the Stock Market Overreact?7,569 cited
  • 1961Dividend Policy, Growth, and the Valuation of Shares6,554 cited
  • 2001The theory and practice of corporate finance: evidence from the field5,947 cited
  • 1994Contrarian Investment, Extrapolation, and Risk4,198 cited
  • 2002Market Timing and Capital Structure3,804 cited
  • 1995The New Issues Puzzle3,550 cited
  • 1991The Long‐Run Performance of initial Public Offerings3,500 cited
  • 1997Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks2,844 cited
  • 2009The price of sin: The effects of social norms on markets2,600 cited
  • 2011The short of it: Investor sentiment and anomalies1,781 cited
  • 1995Market underreaction to open market share repurchases1,739 cited
  • 2008Asset Growth and the Cross‐Section of Stock Returns

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Cited by

  • 2018Behavioral Corporate Finance21 cited
  • 2011Has Goodwill Accounting Gone Bad?21 cited
  • 2017Regulatory effects on Analysts' conflicts of interest in corporate financing activities: Evidence from NASD Rule 271115 cited