Open AccessJournal Article
Equity Yields, Growth, and the Structure of Share Prices
Reads0
Chats0
TLDR
The first half of 1962 witnessed one of the most precipitous decliues in stock market prices in recent history as discussed by the authors, and the decline was not confined to U. S. stock prices, for a worldwide revaluation of equity values was transmitted from New York.Citations
More filters
Journal ArticleDOI
Survey of capital budgeting: theory and practice
TL;DR: A comparison between the theory and practice of capital budgeting can be found in this article, where the authors discuss the nature of the gap and the reason for its existence, and suggest ways of modifying theory to make it more operationally meaningful.
Journal ArticleDOI
The Prediction of Systematic and Specific Risk in Common Stocks
Barr Rosenberg,Walt McKibben +1 more
TL;DR: In this paper, the authors combine both sources of information to provide efficient predictions of the probability distribution of returns for common stocks in each year: the response to the overall market return (β), and the variance of the part of risk, specific to the security, that is uncorrelated with the market return.
Journal ArticleDOI
The consensus and accuracy of some predictions of the growth of corporate earnings
John G. Cragg,Burton G. Malkiel +1 more
TL;DR: In this paper, the analysis of a small sample of such predictions and certain related variables obtained from financial houses is devoted to analyzing the divergence of opinion among different individuals dealing with the same quantities.
Journal ArticleDOI
The Capital Formation Problem in the United States
TL;DR: In this article, the authors make a reasonable case to be made for a national concern about capital adequacy, and the legitimate arguments boil down to a perceived difference between the productive capacity investment we have or are likely to have and what we need in order to meet some national priorities.
Journal ArticleDOI
Leverage, dividend policy, and the cost of capital
References
More filters
Journal ArticleDOI
Expectations, Bond Prices, and the Term Structure of Interest Rates
TL;DR: In this article, the mathematics of bond prices and the term structure of rates are discussed. But the authors make some assumptions on the assumptions and conclude that some of the assumptions are incorrect.