Assessing Asset Pricing Models Using Revealed Preference

Common risk factors in the returns on stocks and bonds

1993 • 26,177 citations

Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches

2008 • 10,445 citations

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

1965 • 7,112 citations

Optimum consumption and portfolio rules in a continuous-time model

1971 • 6,065 citations

By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior

1999 • 5,300 citations

Equilibrium in a Capital Asset Market

1966 • 4,832 citations

On the Impossibility of Informationally Efficient Markets

1980 • 4,825 citations

Costly Search and Mutual Fund Flows

1998 • 3,255 citations

On Persistence in Mutual Fund Performance

1997 • 3,173 citations

An intertemporal asset pricing model with stochastic consumption and investment opportunities

1979 • 2,786 citations

Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis

1991 • 1,765 citations

Information, trade and common knowledge

1982 • 1,739 citations

Simple formulas for standard errors that cluster by both firm and time

2010 • 1,336 citations

The Determinants of the Flow of Funds of Managed Portfolios: Mutual Funds vs. Pension Funds

2002 • 828 citations

Mutual Fund Flows and Performance in Rational Markets

2003 • 465 citations

Estimating the Dynamics of Mutual Fund Alphas and Betas

2007 • 243 citations

On the Efficiency of Competitive Stock Markets Where Trades Have Diverse Information

1976 • 242 citations

The Wealth-Consumption Ratio

2013 • 127 citations

…and the Cross-Section of Expected Returns

2013 • 34 citations

On the Size of the Active Management Industry

2011 • 32 citations

What Risk Factors Matter to Investors? Evidence from Mutual Fund Flows

2014 • 23 citations

Scale and Skill in Active Management

2014 • 10 citations

Measuring Skill in the Mutual Fund Industry

2014 • 6 citations