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VALUATION OF THE FIRM: EFFECTS OF UNCERTAINTY IN A MARKET CONTEXT

1966; Wiley; Volume: 21; Issue: 2 Linguagem: Inglês

10.1111/j.1540-6261.1966.tb00222.x

1540-6261

Alexander A. Robichek, Stewart C. Myers,

Financial Reporting and Valuation Research

The Journal of FinanceVolume 21, Issue 2 p. 215-227 Business Finance: Innovations in Analysis VALUATION OF THE FIRM: EFFECTS OF UNCERTAINTY IN A MARKET CONTEXT Alexander A. Robichek, Alexander A. RobichekSearch for more papers by this authorStewart C. Myers, Stewart C. Myers Stanford University, Graduate School of Business. This study was supported, in part, by funds made available by the Ford Foundation to the Graduate School of Business, Stanford University. The conclusions, opinions and other statements in this paper are those of the authors and are not necessarily those of the Ford Foundation.Search for more papers by this author Alexander A. Robichek, Alexander A. RobichekSearch for more papers by this authorStewart C. Myers, Stewart C. Myers Stanford University, Graduate School of Business. This study was supported, in part, by funds made available by the Ford Foundation to the Graduate School of Business, Stanford University. The conclusions, opinions and other statements in this paper are those of the authors and are not necessarily those of the Ford Foundation.Search for more papers by this author First published: May 1966 https://doi.org/10.1111/j.1540-6261.1966.tb00222.xCitations: 24 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onEmailFacebookTwitterLinkedInRedditWechat REFERENCES 1Kenneth J.Arrow. “The Role of Securities in the Optimal Allocation of Risk Bearing,”Review of Economic Studies, Vol. 31, 1963–1964, 91–96. 10.2307/2296188 Web of Science®Google Scholar 2G. O.Berwag and M. F.Grove. “On Capital Asset Prices: Comment”Journal of Finance, XX, 1, March 1965, 89–93. (See also, William F. Sharpe, “Reply,” Ibid., 94–95.). 10.1111/j.1540-6261.1965.tb00188.x Google Scholar 3Eugene J.Fama. “The Behavior of Stock Market Prices,”Journal of Business, XXXVIII, 1, Jan. 1965, 34–105. 10.1086/294743 Web of Science®Google Scholar 4J.Hirshleifer. “Efficient Allocation of Capital in an Uncertain World,”American Economic Review, LIV, 3 (proceedings), May 1964, 77–85. Google Scholar 5J.Hirshleifer. “ Investment Decision Under Uncertainty,”U.C.L.A., 1964, mimeo. Google Scholar 6Frank H.Knight. Risk Uncertainty & Profit, Boston & New York: Houghton Mifflin, 1921. Google Scholar 7J.Lintner. “Dividends, Earnings, Leverage, Stock Prices and the Supply of Capital to Corporations,”Review of Economics and Statistics, XLIV, 3, August 1962, 243–269. 10.2307/1926397 Web of Science®Google Scholar 8HarryMarkowitz. Portfolio Selection, Monograph 16, Cowles Foundation for Research in Economics at Yale University. New York: John Wiley & Sons, Inc., 1959. Google Scholar 9Alexander A.Robichek and Stewart C.Myers. Optimal Financing Decisions, Englewood Cliffs, N.J.: Prentice-Hall, Inc., 1965. Google Scholar 10P. A.Samuelson. “Some Aspects of the Pure Theory of Capital,”Quarterly Journal of Economics, LI, 3, May 1937, 469–496. 10.2307/1884837 Google Scholar 11W. F.Sharpe. “A Simplified Model for Portfolio Analysis,”Management Science, Vol. 9, No. 2, Jan. 1963, 277–293. 10.1287/mnsc.9.2.277 Web of Science®Google Scholar 12William F.Sharpe. “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk,”Journal of Finance, XIX, 8, Sept. 1964, 425–442. Google Scholar Citing Literature Volume21, Issue2May 1966Pages 215-227 ReferencesRelatedInformation