Toward a Theory of Market Value of Risky Assets

2012

465 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/586b1c1eab3bc4eccda2b9dd13f0a870b58c44ea

Citations in the corpus

• Economic policy uncertainty and firm investment: evidence from the U.S. market (2019, unknown): “The key parameter βi measures the exposure of firm i to market risk, which 4CAPM originated from the idea of Markowitz’s (1952) portfolio allocation and was introduced by Treynor (1961, 1962), Sharpe (1964), Lintner (1965), and Mossin (1966).”
• Does Enterprise Risk Management Increase Firm Value? (2011, unknown): “In the 1960s, building on Markowitz’s (1952) work on diversification and portfolio theory, various researchers (Lintner, 1965; Mossin, 1966; Sharpe, 1964; Treynor, 1961, 1962) developed the capital asset pricing model (CAPM).”