Capital Market Equilibrium and Annual Accounting Numbers: Empirical Evidence

An introduction to probability theory and its applications

1958 • 31,109 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

FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY

1968 • 11,685 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

An Empirical Evaluation of Accounting Income Numbers

1968 • 6,381 citations

Portfolio Selection: Efficient Diversification of Investments

1959 • 5,744 citations

Rational Expectations and the Theory of Price Movements

1961 • 5,518 citations

Equilibrium in a Capital Asset Market

1966 • 4,832 citations

Liquidity Preference as Behavior Towards Risk

1958 • 3,747 citations

Portfolio Selection: Efficient Diversification of Investments.

1962 • 3,736 citations

Capital Market Equilibrium with Restricted Borrowing

1972 • 3,158 citations

The Advanced Theory of Statistics

1963 • 1,885 citations

SECURITY PRICES, RISK, AND MAXIMAL GAINS FROM DIVERSIFICATION*

1965 • 1,803 citations

The Advanced Theory of Statistics.

1968 • 1,584 citations

NON-NORMALITY AND TESTS ON VARIANCES

1953 • 1,158 citations

The Theory of Finance

1972 • 1,064 citations

A Comparison of the Stable and Student Distributions as Statistical Models for Stock Prices

1974 • 921 citations

Market Prices, Financial Ratios, and the Prediction of Failure

1968 • 411 citations

RISK, RETURN AND EQUILIBRIUM: SOME CLARIFYING COMMENTS

1968 • 373 citations

Capital Market Equilibrium, Information Production, and Selecting Accounting Techniques: Theoretical Framework and Review of Empirical Work

1974 • 301 citations

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

1973 • 253 citations

Some Preliminary Findings on the Association between the Earnings of a Firm, Its Industry, and the Economy

1967 • 229 citations

Changes in Accounting Techniques and Stock Prices

1972 • 222 citations

Discriminant analysis and classification procedures: theory and applications

1972 • 193 citations

Properties of Accounting Numbers: Models and Tests

1973 • 82 citations

DEPRECIATION AND AMORTIZATION

1923 • 4 citations