Financial Markets and Investment Strategies

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.]

Noise Trader Risk in Financial Markets

The Econometrics of Financial Markets

The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle

Measuring Financial Asset Return and Volatility Spillovers, with Application to Global Equity Markets

The Discovery of Grounded Theory: Strategies for Qualitative Research.

The Discovery of Grounded Theory; Strategies for Qualitative Research

The Discovery of Grounded Theory: Strategies for Qualitative Research

The CLUSTAL_X windows interface: flexible strategies for multiple sequence alignment aided by quality analysis tools

Asymptotic and resampling strategies for assessing and comparing indirect effects in multiple mediator models

Corporate financing and investment decisions when firms have information that investors do not have

EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*

Markets and Hierarchies: Analysis and Antitrust Implications.

Efficient Capital Markets: A Review of Theory and Empirical Work

Credit Rationing in Markets with Imperfect Information

Strategies for Theorizing from Process Data

Investment Under Uncertainty.

FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY

The Impact Of Human Resource Management Practices On Turnover, Productivity, And Corporate Financial Performance

Appropriate body-mass index for Asian populations and its implications for policy and intervention strategies