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Financial development and declining growth volatility: Explanations and an empirical study with the latest FD index
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Financial development and declining growth volatility: Explanations and an empirical study with the latest FD index (2024)Financial development and declining growt…Utility Analysis and the Consumption Function: An Interpretation of Cross-Section Data (2013)Utility Analysis and the Cons…How to do Xtabond2: An Introduction to Difference and System GMM in Stata (2009)How to do Xtabond2: An Introd…Chapter 12 Finance and Growth: Theory and Evidence (2005)Chapter 12 Finance and Growth…Dynamic panel data models: a guide to micro data methods and practice (2002)Dynamic panel data models: a …Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory* (2000)Monetary Policy Rules and Mac…The Financial Accelerator and the Flight to Quality (1996)The Financial Accelerator and…Inside the Black Box: The Credit Channel of Monetary Policy Transmission (1995)Inside the Black Box: The Cre…Another look at the instrumental variable estimation of error-components models (1995)Another look at the instrumen…Finance and Growth: Schumpeter Might Be Right (1993)Finance and Growth: Schumpete…Advances in prospect theory: Cumulative representation of uncertainty (1992)Advances in prospect theory: …Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Some Tests of Specification f…Credit Rationing in Markets with Imperfect Information (1981)Credit Rationing in Markets w…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…The Debt-Deflation Theory of Great Depressions (1933)The Debt-Deflation Theory of …A Mathematical Theory of Saving (1928)A Mathematical Theory of Savi…Increases in risk and in risk aversion (1974)Risk Sharing and Incentives in the Principal and Agent Relationship (1979)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Benefits of Lending Relationships: Evidence from Small Business Data (1994)Financial Dependence and Growth (1996)Specification Tests in Econometrics (1978)Econometric Analysis of Cross Section and Panel Data (2001)Judgment under Uncertainty: Heuristics and Biases (1975)Prospect theory: An analysis of decision under risk (1988)Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Individual differences in reasoning: Implications for the rationality debate? (2000)A perspective on judgment and choice: Mapping bounded rationality. (2003)On the mechanics of economic development (1988)A Contribution to the Empirics of Economic Growth (1992)Africa's Growth Tragedy: Policies and Ethnic Divisions (1997)Does Social Capital Have an Economic Payoff? A Cross-Country Investigation (1997)The Theory of Economic Development (2003)Staggered Prices in a Utility-Maximizing Framework (1996)Inflation dynamics: A structural econometric analysis (1999)The Science of Monetary Policy: A New Keynesian Perspective (1999)Time Varying Structural Vector Autoregressions and Monetary Policy (2005)Optimum Technical Change in An Aggregative Model of Economic Growth (1965)Initial conditions and moment restrictions in dynamic panel data models (1998)Do women directors improve firm performance in China? (2013)Dealing with endogeneity bias: The generalized method of moments (GMM) for panel data (2018)Increasing Returns and Long-Run Growth (1986)Government Spending in a Simple Model of Endogeneous Growth (1990)The Economics of Climate Change (2007)Initial conditions and moment restrictions in dynamic panel data models (1995)The Framing of Decisions and the Psychology of Choice (1981)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)On the measurement of inequality (1970)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 arbitrage theory of capital asset pricing (1976)
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References

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 1991Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations33,089 cited
  • 1995Another look at the instrumental variable estimation of error-components models19,861 cited
  • 1992Advances in prospect theory: Cumulative representation of uncertainty15,457 cited
  • 1981Credit Rationing in Markets with Imperfect Information12,762 cited
  • 2009How to do Xtabond2: An Introduction to Difference and System GMM in Stata9,826 cited
  • 1993Finance and Growth: Schumpeter Might Be Right8,651 cited
  • 1928A Mathematical Theory of Saving5,834 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 2000Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*4,631 cited
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  • 2005Chapter 12 Finance and Growth: Theory and Evidence2,885 cited
  • 2002Dynamic panel data models: a guide to micro data methods and practice2,568 cited
  • 1933The Debt-Deflation Theory of Great Depressions2,516 cited
  • 2013Utility Analysis and the Consumption Function: An Interpretation of Cross-Section Data

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  • 1996The Financial Accelerator and the Flight to Quality2,351 cited
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