Political Risk, Economic Risk and Financial Risk

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 arbitrage theory of capital asset pricing

1976 • 7,056 citations

Capital Market Equilibrium with Restricted Borrowing

1972 • 3,158 citations

An equilibrium model of the international capital market

1974 • 1,180 citations

The World Price of Covariance Risk

1991 • 1,115 citations

The Risk and Predictability of International Equity Returns

1993 • 940 citations

On the Effects of Barriers to International Investment

1981 • 662 citations

Intertemporal asset pricing

1990 • 647 citations

Market Integration and Investment Barriers in Emerging Equity Markets

1995 • 640 citations

Multivariate tests of financial models

1982 • 632 citations

On the exclusion of assets from tests of the two-parameter model

1982 • 532 citations

Session Topic: Capital Asset Pricing Models in an International Context

1974 • 391 citations

Political Risk in Emerging and Developed Markets

1996 • 299 citations

AN EMPIRICAL TEST OF THE ALTERNATIVE HYPOTHESES OF NATIONAL AND INTERNATIONAL PRICING OF RISKY ASSETS

1977 • 276 citations

International Arbitrage Pricing Theory

1983 • 255 citations

Predictable Risk and Returns in Emerging Markets

1994 • 237 citations

The Variation of Economic Risk Premiums

1990 • 230 citations

Country Risk and Global Equity Selection

1995 • 209 citations

The Relation between Stock Prices and Inflationary Expectations: The International Evidence

1983 • 190 citations

Emerging Equity Market Volatility

1995 • 166 citations

International asset pricing with alternative distributional specifications

1993 • 137 citations

TESTING INTERNATIONAL ASSET PRICING: SOME PESSIMISTIC VIEWS

1977 • 134 citations

What Determines Expected International Asset Returns?

1994 • 121 citations

Expected Returns and Volatility in 135 Countries

1996 • 62 citations

An Exploratory Investigation of the Fundamental Determinants of National Equity Market Returns

1993 • 39 citations

National Risk in Global Fixed-Income Allocation

1994 • 28 citations

Cited By (0)

Loading...