M
Myron S. Scholes
Researcher at Stanford University
Publications - 54
Citations - 42611
Myron S. Scholes is an academic researcher from Stanford University. The author has contributed to research in topics: Tax reform & Value-added tax. The author has an hindex of 30, co-authored 54 publications receiving 40934 citations. Previous affiliations of Myron S. Scholes include University of Chicago.
Papers
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Journal ArticleDOI
The Pricing of Options and Corporate Liabilities
Fischer Black,Myron S. Scholes +1 more
TL;DR: In this paper, a theoretical valuation formula for options is derived, based on the assumption that options are correctly priced in the market and it should not be possible to make sure profits by creating portfolios of long and short positions in options and their underlying stocks.
Posted Content
The Capital Asset Pricing Model: Some Empirical Tests
TL;DR: In this paper, the authors present some additional tests of the mean-variance formulation of the asset pricing model, which avoid some of the problems of earlier studies and provide additional insights into the nature of the structure of security returns.
Journal ArticleDOI
Estimating betas from nonsynchronous data
Myron S. Scholes,Joseph Williams +1 more
TL;DR: In this article, the observed market model and associated ordinary least squares estimators are developed in detail, and computationally convenient, consistent estimators for parameters of the market model are calculated and then applied to daily returns of securities listed in the NYSE and ASE.
Journal ArticleDOI
The effects of dividend yield and dividend policy on common stock prices and returns
Fischer Black,Myron S. Scholes +1 more
TL;DR: In this article, the authors argue that the best method for testing the effects of dividend policy on stock prices is to test the effect of dividend yield on stock returns, and they argue that it is not possible to demonstrate, using the best available empirical methods, that the expected returns on high-yield common stocks differ from the expected return on low-yielding common stocks either before or after taxes.
Book
Taxes and Business Strategy: A Planning Approach
TL;DR: This chapter discusses Multinational Tax Planning: Foreign Tax Credit Limitations and Income Shifting, and the Importance of Marginal Tax Rates and Dynamic Tax Planning Considerations.