These papers are working drafts of research which often appear in final form in academic journals. The published versions may differ from the working versions provided here.
SSRN Research Paper Series
The Social Science Research Network’s Research Paper Series includes working papers produced by Stanford GSB and the Rock Center.
You may search for authors and topics and download copies of the work there.
The Theory of Recapitalizations Under Incomplete Capital Markets and the Evidence of Dual Purpose Funds
Abstract not available.
Capital Budgeting and Dividend Decisions Under Proportional Flotation Costs and Proportional Brokerage Fees
Abstract not available.
Closed-End Investment Companies in the United States: Risk and Return
Abstract not available.
Corporate Liquidity and Bankruptcy Costs
In this paper, the valuation of corporate liquidity is analyzed under conditions of perfect and complete capital markets as well as under conditions where bankruptcy costs exist. Heretofore, the valuation of liquidity has not been examined in a…
Corporate Taxes and Bankruptcy Cost in a Mean-Variance Model of the Effect of Leverage on the Valuation of the Firm
Dividend, Investment And Financing Decisions: Empirical Evidence On French Firms
Abstract not available.
Gold Mining Stocks: An Economic Analysis, 1968-1974
Abstract not available.
Market Equilibrium in a Multiperiod State Preference Model With Logarithmic Utility
Abstract not available.
The Capital Asset Pricing Model: A "Multi-Beta" Interpretation
Abstract not available.
Unanticipated Inflation and the Value of Common Equity: Two Insights on the Theory
Abstract not available.
Bonds Versus Stocks: Some Lessons From Capital Market Theory
The apparent end of the bear market in bonds and relatively high interest rates have led some investors to conclude that bonds are now the superior investment medium. On the other hand, stocks continue to command a large following. Theoretically…
Decentralized Capital Budgeting Decisions and Shareholder Wealth Maximization
The firm’s objective function is well defined as shareholder wealth maximization. However, the firm is a group of individuals and each member has objectives that are not necessarily coincidental to the organization’s goal. This paper investigates…
Expected Inflation Implied by Capital Market Rates
Abstract not available.
Forecasting the Market Return on Common Stocks
Abstract not available.
Imputing Expected Security Returns From Portfolio Composition
Abstract not available.
Inflation, The Kessel-Alchian Hypothesis, and the Value of the Firm
Abstract not available.
Inter-Industry Profitability Under Uncertainty
Abstract not available.
International Pricing of Risk: An Empirical Investigation of the World Capital Market Structure
Abstract not available.
Investment Objectives: Diversification, Risk and Exposure to Surprise
Abstract not available.
Note on the Validity of the Random Walk for European Stock Prices
Abstract not available.