Capital Markets: Theory and Evidence

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

1970 • 15,798 citations

CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*

1964 • 15,720 citations

Risk, Return, and Equilibrium: Empirical Tests

1973 • 14,580 citations

Efficient Capital Markets: A Review of Theory and Empirical Work

1970 • 10,493 citations

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…

1975 • 7,346 citations

The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets

1965 • 7,112 citations

An Intertemporal Capital Asset Pricing Model

1973 • 6,653 citations

Portfolio Selection: Efficient Diversification of Investments

1959 • 5,744 citations

Equilibrium in a Capital Asset Market

1966 • 4,832 citations

PORTFOLIO SELECTION*

1952 • 4,563 citations

THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945-1964

1968 • 4,463 citations

Liquidity Preference as Behavior Towards Risk

1958 • 3,747 citations

Mutual Fund Performance

1966 • 3,489 citations

Capital Market Equilibrium with Restricted Borrowing

1972 • 3,158 citations

The Theory of Interest

2013 • 2,919 citations

Proceedings of the Fifth Berkeley Symposium on Mathematical Statistics and Probability; Vol. IV

1969 • 2,901 citations

The Capital Asset Pricing Model: Some Empirical Tests

1972 • 2,784 citations

Theory of Value

1959 • 2,689 citations

SECURITY PRICES, RISK, AND MAXIMAL GAINS FROM DIVERSIFICATION*

1965 • 1,803 citations

The Performance of Mutual Funds in the Period 1945-1964

1968 • 1,763 citations

Portfolio Theory and Capital Markets.

1972 • 1,272 citations

The Role of Securities in the Optimal Allocation of Risk-bearing

1973 • 1,203 citations

The Theory of Finance

1972 • 1,064 citations

Studies in the Theory of Capital Markets.

1973 • 1,060 citations

An Analytic Derivation of the Efficient Portfolio Frontier

1972 • 1,039 citations

Security Prices, Risk, and Maximal Gains From Diversification

1965 • 1,032 citations

Risk, The Pricing of Capital Assets, and The Evaluation of Investment Portfolios

1969 • 980 citations

Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets

1972 • 737 citations

The Fundamental Approximation Theorem of Portfolio Analysis in terms of Means, Variances and Higher Moments

1970 • 735 citations

Risk, Return, and Equilibrium

1971 • 576 citations

The Aggregation of Investor's Diverse Judgments and Preferences in Purely Competitive Security Markets

1969 • 524 citations

Introduction to Dynamic Programming

1981 • 523 citations

PORTFOLIO ANALYSIS, MARKET EQUILIBRIUM AND CORPORATION FINANCE

1969 • 457 citations

The structure of investor preferences and asset returns, and separability in portfolio allocation: A contribution to the pure theory of mutual funds

1970 • 451 citations

Multiperiod Consumption-Investment Decisions

1970 • 449 citations

Criteria for Choice Among Risky Ventures

1959 • 401 citations

Investment, Interest and Capital.

1971 • 395 citations

Measurement of Portfolio Performance Under Uncertainty

1970 • 392 citations

Investment Decision under Uncertainty: Applications of the State-Preference Approach

1966 • 383 citations

RISK, RETURN AND EQUILIBRIUM: SOME CLARIFYING COMMENTS

1968 • 373 citations

Mean-Variance Analysis in the Theory of Liquidity Preference and Portfolio Selection

1969 • 362 citations

Investment Decision Under Uncertainty: Choice-Theoretic Approaches

1965 • 354 citations

Introduction to dynamic programming

1967 • 312 citations

A Note on Uncertainty and Indifference Curves

1969 • 304 citations

The “Fallacy” of Maximizing the Geometric Mean in Long Sequences of Investing or Gambling

1971 • 233 citations

Capital Growth and the Mean-Variance Approach to Portfolio Selection

1971 • 208 citations

The Taxation of Income from Capital.

1970 • 207 citations

Nonmarketable Assets and the Determination of Capital Asset Prices in the Absence of a Riskless Asset

1973 • 187 citations

Capital Market Equilibrium with Divergent Borrowing and Lending Rates

1971 • 159 citations

Security Pricing and Investment Criteria in Competitive Markets: Reply

1972 • 134 citations

Comment on Borch and Feldstein

1969 • 122 citations

Investment, Interest and Capital.

1971 • 122 citations

Investment policies for expanding businesses optimal in a long‐run sense

1960 • 119 citations

Corporate Investment under Uncertainty and Pareto Optimality in the Capital Markets

1972 • 112 citations

Nonmarketable assets and capital market equilibrium under uncertainty

2016 • 101 citations

Dynamic Programming

1969 • 98 citations

Problems in the Theory of Markets under Uncertainty

1970 • 82 citations

Risk and the Discount Rate for Public Investment

2003 • 81 citations

EVIDENCE ON THE “GROWTH-OPTIMUM” MODEL

1973 • 79 citations

Perfect Competition and Optimal Production Decisions under Uncertainty

1972 • 67 citations

INVESTMENT DIVERSIFICATION AND BOND MATURITY

1971 • 66 citations

Bias in Fitting the Sharpe Model to Time Series Data

1969 • 61 citations

The Measurement of Systematic Risk for Securities and Portfolios: Some Empirical Results

1971 • 55 citations

Assets, Money, and Commodity Price Inflation under Uncertainty

1973 • 51 citations

Multiperiod Consumption-Investment Decisions

1975 • 45 citations

WEALTH, WELFARE, AND THE PRICE OF RISK

1972 • 29 citations

The Foundations and Current State of Capital Market Theory

2003 • 23 citations

Consumption-investment decisions and equilibrium in the securities market

1971 • 23 citations

Dividend yields and common stock returns; a new methodology,

1970 • 15 citations

Entrepreneurial Choice over Time under Conditions of Uncertainty

1969 • 10 citations

Deleted Work

1955 • 0 citations