Working Papers 1972

#01-72
The Pricing of Underwritten Offerings and the Compensation of Underwriters (Revised)
Hans R. Stoll
[abstract]

#02-72
A Model of Capital Asset Risk (revised)
Richardson R. Pettit and Randolph Westerfield
[abstract]
(Journal of Financial and Quantitative Analysis, Vol. 7, No. 2, March 1972)

#03-72
Some Aspects of the Performance of Non-Convertible Preferred Stocks
John Bildersee
[abstract]
(Journal of Finance, Vol. 28, No. 5, December 1973)

#04-72
Should the Two Parameter Capital Market Theories be Extended to Higher Order Moments? (Revised)
Jack Clark Francis
[abstract]

#05-72
The Simultaneity of Systematic Stock Price Movements (Revised)
Jack Clark Francis
[abstract]

#06-72
The Value of Information for Investment Decisions
Jim Morris
[abstract]

#07-72
Some Contributions of the Institutional Investor Study (with “Discussion” by Marshall E. Blume)
Lawrence D. Jones
[abstract]
(Journal of Finance, Vol. 27, No. 2, May 1972)

#08-72
Deposit Mix at Commercial Banks and Monetary Policy
Paul F. Smith and Robert C. Jones
[abstract]

#09-72
Price, Beta and Exchange Listing
Marshall E. Blume and Frank Husic
[abstract]
(Journal of Finance, Vol. 28, No. 2, May 1973)

#10-72
The Investment Performance of all Institutional Investors: An Initial Appraisal
Marshall E. Blume and Irwin Friend
[abstract]

#11-72
The Theory of Insurance Reconsidered for Urban Analysis: An Expected Utility Approach (Revised)
Robert H. Edelstein
[abstract]

#12-72
Portfolio and Capital Market Theory with Arbitrary Preferences and Distributions: The General Validity of the Mean-Variance Approach in Large Markets
Stephen A. Ross
[abstract]

#13-72
Using the Capital Asset Pricing Model and the Market Model to Predict Security Returns (Revised)
Richardson R. Pettit and Randolph Westerfield
[abstract]
(Journal of Financial and Quantitative Analysis, Vol. 9, No. 4, September 1974)

#14-72
Single Parameter Risk Measures and Multiple Sources of Risk: A Re-Examination of the Data Based on Changes in Determinants of Price and Beta Over Time (Revised)
Daniel Rie
[abstract]

#15-72
The Valuation of Convertible Bonds: A Further Analysis
James Walter and Augustin Que
[abstract]

#16-72
Dividend Policy Under Imperfect Capital Markets: Revised and Extended Results
Jean Crockett
[abstract]

#17-72
Improving the Selection of Credit Risks: An Analysis of a Commercial Bank Minority Lending Program
Robert H. Edelstein
[abstract]
(Journal of Finance, Vol. 30, No. 1, March 1975)

#18-72
Risk, Investment Strategy and the Long-Run Rates of Return
Marshall E. Blume and Irwin Friend
[abstract]
(Review of Economics and Statistics, Vol. 56, No. 3, August 1974)

#19-72
Unbiased Estimators of Long-Run Expected Rates of Return
Marshall E. Blume
[abstract]
(Journal of the American Statistical Association, Vol. 69, No 347, September 1974)

#20-72
Investment for the Long Run
Harry M. Markowitz
[abstract]

#21-72
Competitive Commissions on the New York Stock Exchange
Marshall E. Blume and Irwin Friend
[abstract]
(Journal of Finance, Vol. 28, No. 4, September 1973)

#M1-72
The Consequences of Competitive Commissions on the New York Stock Exchange
Marshall E. Blume and Irwin Friend
[abstract]