Do Stock Prices Move Too Much to Be Justified by Subsequent Changes in Dividends

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

1970 • 15,798 citations

Dividend Policy, Growth, and the Valuation of Shares

1961 • 6,581 citations

INVESTMENT PERFORMANCE OF COMMON STOCKS IN RELATION TO THEIR PRICE‐EARNINGS RATIOS: A TEST OF THE EFFICIENT MARKET HYPOTHESIS

1977 • 2,379 citations

The Present-Value Relation: Tests Based on Implied Variance Bounds

1981 • 1,402 citations

The Theory of Finance

1972 • 1,064 citations

Inflation, Rational Valuation and the Market

1979 • 942 citations

The Random Character of Stock Market Prices

1968 • 931 citations

The Volatility of Long-Term Interest Rates and Expectations Models of the Term Structure

1979 • 866 citations

Price Movements in Speculative Markets : Trends or Random Walks

1961 • 643 citations

Proof That Properly Discounted Present Values of Assets Vibrate Randomly

1973 • 239 citations

The Financial Valuation of the Return to Capital

1980 • 113 citations

The Gibson Paradox and Historical Movements in Real Interest Rates

1977 • 109 citations

The Behavior of Random Variables with Non stationary Variance and the Distribution of Security Prices

2005 • 80 citations

On Prediction in Stationary Time Series

1948 • 69 citations

Can the Fed Control Real Interest Rates

1979 • 51 citations

SOME CONSEQUENCES OF THE VALUATION MODEL WHEN EXPECTATIONS ARE TAKEN TO BE OPTIMUM FORECASTS¹

1975 • 15 citations