Access the full text.
Sign up today, get DeepDyve free for 14 days.
Arbel Arbel, Strebel Strebel (November 1982)
“The Neglected and Small Firm Effects.”The Financial Review
Barry Barry, Brown Brown, Barry Barry, Brown Brown (Winter 1986)
“Limited Information as a Source of Risk.”Journal of Portfolio Management, 12
Black Black (July 1986)
“Noise.”Journal of Finance, 41
C. Barry, Stephen Brown (1984)
Differential information and the small firm effectJournal of Financial Economics, 13
M. Blume, I. Friend (1973)
A NEW LOOK AT THE CAPITAL ASSET PRICING MODELJournal of Finance, 28
J. Horne (1985)
Of Financial Innovations and ExcessesJournal of Finance, 40
(1984)
Optimal Stock Trading with Personal Taxes: Implications for Prices and the Abnormal January Returns
E. Fama, James MacBeth (1973)
Risk, Return, and Equilibrium: Empirical TestsJournal of Political Economy, 81
H. Lawrence (1986)
SUMMERS, . Does the Stock Market Rationally Reflect Fundamental Values?, The Journal of Finance, , ., 41
(1986)
Recent and Prospective Trends in Institutional Ownership and Trading of Exchange and OTC Stocks
Richard Roll (1977)
A Critique of the Asset Pricing Theory''s Tests: Part I
Klein Klein, Bawa Bawa (August 1977)
“The Effect of Limited Information and Estimation Risk on Optimal Portfolio Diversification.”Journal of Financial Economics, 5
F. Black (1972)
Capital Market Equilibrium with Restricted BorrowingThe Journal of Business, 45
Marc Reinganum (1983)
The anomalous stock market behavior of small firms in January: Empirical tests for tax-loss selling effectsJournal of Financial Economics, 12
G. Schwert (1983)
Size and stock returns, and other empirical regularitiesJournal of Financial Economics, 12
Marc Reinganum, Janet Smith (1983)
Investor Preference for Large Firms: New Evidence on Economies of SizeJournal of Industrial Economics, 32
E. Miller (1977)
Risk, Uncertainty, and Divergence of OpinionJournal of Finance, 32
Sanford Grossman, J. Stiglitz (1976)
Information and Competitive Price SystemsThe American Economic Review, 66
Donald Keim (1983)
SIZE-RELATED ANOMALIES AND STOCK RETURN SEASONALITY Further Empirical EvidenceJournal of Financial Economics, 12
P. Strebel, Steven Carvell (1987)
In the Shadows of Wall Street: A Guide to Investing in Neglected Stocks
V. Errunza, Etienne Losq (1985)
International Asset Pricing under Mild Segmentation: Theory and TestJournal of Finance, 40
L. Summers (1986)
Does the Stock Market Rationally Reflect Fundamental ValuesJournal of Finance, 41
Friend Friend, Blume Blume (December 1975)
“The Demand for Risky Assets.”American Economic Review, 65
Merton Merton (Summer 1948)
“The Self‐Fulfilling Prophecy.”Antioch Review
R. Roll (1983)
Vas Ist Das?, 9
Arbel Arbel (Summer 1985)
“Generic Stocks: An Old Product in a New Package.”Journal of Portfolio Management, 11
I. Friend, R. Westerfield, Michael Granito (1978)
New Evidence on the Capital Asset Pricing ModelJournal of Finance, 33
H. Levy (1978)
Equilibrium in an Imperfect Market: A Constraint on the Number of Securities in the PortfolioThe American Economic Review, 68
R. Hogarth, M. Reder (1986)
Editors' Comments: Perspectives from Economics and PsychologyThe Journal of Business, 59
R. Merton (1985)
On the current state of the stock market rationality hypothesis
I. Friend, M. Blume (1975)
The Demand for Risky AssetsThe American Economic Review, 65
S. Bhattacharya, G. Constantinides (1989)
Financial markets and incomplete information
Marc Reinganum (1981)
Misspecification of capital asset pricing : Empirical anomalies based on earnings' yields and market valuesJournal of Financial Economics, 9
R. Klein, V. Bawa (1977)
Abstract: The Effect of Limited Information and Estimation Risk on Optimal Portfolio DiversificationJournal of Financial and Quantitative Analysis, 12
Merton Miller (1986)
Behavioral Rationality in Finance: The Case of DividendsThe Journal of Business, 59
Y. Amihud, H. Mendelson (1986)
Asset pricing and the bid-ask spreadJournal of Financial Economics, 17
C. Barry, Stephen Brown (1985)
Differential Information and Security Market EquilibriumJournal of Financial and Quantitative Analysis, 20
A. Arbel (1985)
Generic stocks, 11
M. Jensen, F. Black, Myron Scholes (2006)
The Capital Asset Pricing Model: Some Empirical TestsCapital Markets: Asset Pricing & Valuation
Journal of Business, 59
W. Sharpe (1964)
CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*Journal of Finance, 19
(1972)
Diffusions of Innovations
A. Sen (1977)
Rational Fools: A Critique of the Behavioral Foundations of Economic TheoryPhilosophy & Public Affairs, 6
M. Brennan (1970)
TAXES, MARKET VALUATION AND CORPORATE FINANCIAL POLICYNational Tax Journal, 23
M. Firth (1977)
The Capital Asset Pricing Model
R. Merton (1948)
The Self-Fulfilling ProphecyAntioch Review, 74
S. Ross (1976)
The arbitrage theory of capital asset pricingJournal of Economic Theory, 13
A. Tversky, D. Kahneman (1981)
The framing of decisions and the psychology of choice.Science, 211 4481
R. Banz (1981)
The relationship between return and market value of common stocksJournal of Financial Economics, 9
R. Merton (1987)
Three Fragments From a Sociologist's Notebooks: Establishing the Phenomenon, Specified Ignorance, and Strategic Research MaterialsReview of Sociology, 13
Mehra Mehra, Prescott Prescott (March 1985)
“The Equity Premium: A Puzzle.”Journal of Monetary Economics, 15
J. Proudfoot, O. Nosjean, Jan Blanchard, John Wang, Dominique Besson, D. Crankshaw, G. Gauglitz, Robert Hertzberg, C. Homon, L. Llewellyn, R. Neubig, Larry Walker, Pascal Villa (1931)
NoiseThe Indian Medical Gazette, 66
A. Arbel, Steven Carvell, P. Strebel (1983)
Giraffes, Institutions and Neglected FirmsFinancial Analysts Journal, 39
I. Prologue T he sphere of model financial economics encompasses finance, micro investment theory and much of the economics of uncertainty. As is evident from its influence on other branches of economics including public finance, industrial organization and monetary theory, the boundaries of this sphere are both permeable and flexible. The complex interactions of time and uncertainty guarantee intellectual challenge and intrinsic excitement to the study of financial economics. Indeed, the mathematics of the subject contain some of the most interesting applications of probability and optimization theory. But for all its mathematical refinement, the research has nevertheless had a direct and significant influence on practice. It was not always thus. Thirty years ago, finance theory was little more than a collection of anecdotes, rules of thumb, and manipulations of accounting data with an almost exclusive focus on corporate financial management. There is no need in this meeting of the guild to recount the subsequent evolution from this conceptual potpourri to a rigorous economic theory subjected to systematic empirical examination. 1 Nor is there a need on this occasion to document the wide‐ranging impact of the research on finance practice. 2 I simply note that the conjoining of intrinsic
The Journal of Finance – Wiley
Published: Jul 1, 1987
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.