Rational Capital Budgeting In An Irrational World

The relationship between return and market value of common stocks

1981 • 6,052 citations

The Cross-Section of Expected Stock Returns

1992 • 5,405 citations

Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate Behavior

1989 • 2,486 citations

Persuasive evidence of market inefficiency

1985 • 2,037 citations

Size-related anomalies and stock return seasonality

1983 • 1,852 citations

Market underreaction to open market share repurchases

1995 • 1,824 citations

Takeover Threats and Managerial Myopia

1988 • 1,659 citations

Efficient Capital Markets: II

1991 • 1,302 citations

Does the Stock Market Overreact?

1985 • 1,093 citations

Underperformance in long-run stock returns following seasoned equity offerings

1995 • 1,079 citations

The Stock Market and Investment: Is the Market a Sideshow?

1990 • 724 citations

The Stock Market, Profit, and Investment

1993 • 610 citations

Investment Performance of Common Stocks in Relation to Their Price-Earnings Ratios: A Test of the Efficient Market Hypothesis

1977 • 585 citations

Liquidation Values and Debt Capacity: A Market Equilibrium Approach

1992 • 522 citations

Earnings Yields, Market Values, and Stock Returns

1989 • 494 citations

Evidence on the Characteristics of Cross Sectional Variation in Stock Returns

1996 • 436 citations

Debt/Equity Ratio and Expected Common Stock Returns: Empirical Evidence

1988 • 360 citations

The Size and Incidence of the Losses from Noise Trading

1989 • 311 citations

Risk Management: Coordinating Corporate Investment and Financing Policies

1992 • 270 citations

Evidence on the Information Content of Accounting Numbers: Accounting-Based and Market-Based Estimates of Systematic Risk

1973 • 253 citations

Evaluating the performance of value versus glamour stocks The impact of selection bias

1995 • 242 citations

The Association Between Market-Determined and Accounting-Determined Measures of Systematic Risk: Some Further Evidence

1975 • 222 citations

The Stock Market and the Economy

1975 • 206 citations

Portfolio Theory and Accounting

1969 • 155 citations

The Cross-Section of Realized Stock Returns: The Pre-COMPUSTAT Evidence

1994 • 105 citations

Macroeconomics and finance: The role of the stock market

1984 • 49 citations

A Note on Accounting-Based and Market-Based Estimates of Systematic Risk

1975 • 24 citations

Good News for Value Stocks: Further Evidence on Market Efficiency

1995 • 23 citations

The motives, timing and subsequent performance of seasoned equity issues

1995 • 9 citations