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Product market competition, idiosyncratic and systematic volatility
16 references·12 citing·45 second hop
Product market competition, idiosyncratic and systematic volatility (2017)Product market competition, idiosyncratic…Product Market Threats, Payouts, and Financial Flexibility (2012)Product Market Threats, Payou…Corporate Governance, Product Market Competition, and Equity Prices (2011)Corporate Governance, Product…Idiosyncratic risk and the cross-section of expected stock returns (2008)Idiosyncratic risk and the cr…Idiosyncratic Risk Matters! (2003)Idiosyncratic Risk Matters!Are Dividend Changes a Sign of Firm Maturity? (2002)Are Dividend Changes a Sign o…Have Individual Stocks Become More Volatile? An Empirical Exploration of Idiosyncratic Risk (2001)Have Individual Stocks Become…The information content of stock markets: why do emerging markets have synchronous stock price movements? (2000)The information content of st…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…The World Price of Covariance Risk (1991)The World Price of Covariance…Theory of Industrial Organization. (1989)Theory of Industrial Organiza…The Theory of Industrial Organization (1988)The Theory of Industrial Orga…The Relation Between Price Changes and Trading Volume: A Survey (1987)The Relation Between Price Ch…Stock return variances (1986)Stock return variancesRisk Reduction as a Managerial Motive for Conglomerate Mergers (1981)Risk Reduction as a Manageria…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…THE EFFECT OF THE FIRM'S CAPITAL STRUCTURE ON THE SYSTEMATIC RISK OF COMMON STOCKS (1972)THE EFFECT OF THE FIRM'S CAPI…Make it Right: Regulatory Intervention in Managers’ Misconduct and Corporate Risk (2025)Make it Right: Regulatory Int…The spillover effects of innovation content disclosure in MD&A (2022)The spillover effects of inno…Is idiosyncratic risk priced? The international evidence (2022)Is idiosyncratic risk priced?…Do able managers take more risks? (2022)Do able managers take more ri…Media coverage, Environment Protection Law and environmental research and development: evidence from the Chinese-listed firms (2021)Media coverage, Environment P…Investment, firm-specific uncertainty, and financial flexibility (2021)Investment, firm-specific unc…Impact of bank regulation on risk of Islamic and conventional banks (2021)Impact of bank regulation on …How does corporate investment react to oil prices changes? Evidence from China (2021)How does corporate investment…The well-trodden path: Complementing market and entrepreneurial orientation with a strategic emphasis to influence IPO survival in the United States (2020)The well-trodden path: Comple…Oil shocks, competition, and corporate investment: Evidence from China (2020)Oil shocks, competition, and …Major shareholders’ trust and market risk: Substituting weak institutions with trust (2020)Major shareholders’ trust and…How do market power and industry competition influence the effect of corporate governance on earnings management? (2020)How do market power and indus…The Behavior of Stock-Market Prices (1965)Stock returns and the weekend effect (1980)A Simple Implicit Measure of the Effective Bid-Ask Spread in an Efficient Market (1984)Simple Technical Trading Rules and the Stochastic Properties of Stock Returns (1992)Do Brokerage Analysts' Recommendations Have Investment Value? (1996)The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Problems and the Theory of the Firm (1980)Agency Theory: An Assessment and Review (1989)Managerial incentives and risk-taking☆ (2005)Who makes acquisitions? CEO overconfidence and the market's reaction☆ (2008)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Cross-Section of Expected Stock Returns (1992)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)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 Information Content of Annual Earnings Announcements (1968)A Subordinated Stochastic Process Model with Finite Variance for Speculative Prices (1973)Differences of Opinion Make a Horse Race (1993)Market liquidity and volume around earnings announcements (1994)Autoregressive Conditional Duration: A New Model for Irregularly Spaced Transaction Data (1998)Negation in syntax: on the nature of functional categories and projections (1991)Autolexical syntax : A theory of parallel grammatical representations. By Jerrold M. Sadock Chicago: University of Chicago Press, 1991. Pp. 254. (1997)The Incumbent's Curse? Incumbency, Size, and Radical Product Innovation (2000)Organizational Knowledge Creation Theory: Evolutionary Paths and Future Advances (2006)Verb Movement, Universal Grammar, and the Structure of IP, 1989 (2013)Distribution of the Estimators for Autoregressive Time Series with a Unit Root (1979)Distribution of the Estimators for Autoregressive Time Series With a Unit Root (1979)The distribution of realized stock return volatility (2001)Asymmetric correlations of equity portfolios (2002)Default Risk in Equity Returns (2004)The Econometrics of Financial Markets (2012)A Contribution to the Theory of Economic Growth (1956)Increasing Returns and Long-Run Growth (1986)Law and Finance (1998)R2 around the world: New theory and new tests☆ (2005)Does board gender diversity improve the informativeness of stock prices? (2011)On Persistence in Mutual Fund Performance (1997)Corporate Governance and Equity Prices (2003)Does the stock market fully value intangibles? Employee satisfaction and equity prices (2011)Do analysts matter for governance? Evidence from natural experiments (2014)From the Stockholder to the Stakeholder: How Sustainability Can Drive Financial Outperformance (2014)A Model of Growth Through Creative Destruction (1992)General purpose technologies ‘Engines of growth’? (1995)International Norm Dynamics and Political Change (1998)
this work references cited by second hop

References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1988The Theory of Industrial Organization8,578 cited
  • 1989Theory of Industrial Organization.5,142 cited
  • 2000The information content of stock markets: why do emerging markets have synchronous stock price movements?3,332 cited
  • 1981Risk Reduction as a Managerial Motive for Conglomerate Mergers2,775 cited
  • 2001Have Individual Stocks Become More Volatile? An Empirical Exploration of Idiosyncratic Risk2,419 cited
  • 1987The Relation Between Price Changes and Trading Volume: A Survey2,380 cited
  • 1986Stock return variances1,813 cited
  • 2011Corporate Governance, Product Market Competition, and Equity Prices1,171 cited
  • 2003Idiosyncratic Risk Matters!1,171 cited
  • 2012Product Market Threats, Payouts, and Financial Flexibility1,152 cited
  • 1991The World Price of Covariance Risk1,139 cited
  • 1972THE EFFECT OF THE FIRM'S CAPITAL STRUCTURE ON THE SYSTEMATIC RISK OF COMMON STOCKS1,130 cited
  • 2008Idiosyncratic risk and the cross-section of expected stock returns1,067 cited

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  • 2002Are Dividend Changes a Sign of Firm Maturity?1,052 cited
  • Cited by

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    • 2025Make it Right: Regulatory Intervention in Managers’ Misconduct and Corporate Risk23 cited
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