OPTIMAL SPECULATION AGAINST AN EFFICIENT MARKET*

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1970 • 15,798 citations

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

1964 • 15,720 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 Empirical Evaluation of Accounting Income Numbers

1968 • 6,381 citations

THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945-1964

1968 • 4,463 citations

The Adjustment of Stock Prices to New Information

1969 • 3,289 citations

The Adjustment of Stock Prices to New Information

2003 • 3,268 citations

Capital Market Equilibrium with Restricted Borrowing

1972 • 3,158 citations

The Cost of Transacting

1968 • 1,909 citations

Price performance of common stock new issues

1975 • 1,377 citations

Special Information and Insider Trading

1974 • 1,307 citations

Risk and return: The case of merging firms

1974 • 927 citations

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1972 • 729 citations

The Valuation of Option Contracts and a Test of Market Efficiency

1972 • 601 citations

The Economics of Liquidity Services

1972 • 440 citations

Market Making and Reversal on the Stock Exchange

1966 • 360 citations

Predictive and Statistical Properties of Insider Trading

1968 • 298 citations

The Effect of Regulation Changes on Insider Trading

1974 • 231 citations

THE CONSENSUS AND ACCURACY OF SOME PREDICTIONS OF THE GROWTH OF CORPORATE EARNINGS

1968 • 211 citations

QUARTERLY EARNINGS REPORTS AND INTERMEDIATE STOCK PRICE TRENDS

1970 • 167 citations

The stock market

1963 • 165 citations

Earnings Estimates and the Accuracy of Expectational Data

1972 • 151 citations

Probabilistic Prediction: Some Experimental Results

1971 • 139 citations

A BAYESIAN MODEL FOR PORTFOLIO SELECTION AND REVISION

1975 • 65 citations

Bayesian Models for Forecasting Future Security Prices

1973 • 43 citations

The Value Line Contest: A Test of Predictability of Stock-Price Changes

1967 • 29 citations

Extensive insider accumulation as an indicator of near-term stock price performance

1966 • 22 citations

The assessment of probability distributions for future security prices

1970 • 20 citations

The Forecasting Properties of Insiders' Transactions

1964 • 20 citations

A Note on "The Value Line Contest: A Test of the Predictability of Stock- Price Changes"

1969 • 14 citations

Methodology in Finance--Investments.

1973 • 7 citations

The Value of Risk-Reducing Information

1974 • 3 citations