Portfolio Selection (Markovitz, 1952)There exists an optimal portfolio that minimizes risk → efficient frontier (see notes)
Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk (Sharpe, 1964)One efficient portfolio, beta, assumptions: risk-aversion, symmetric information (see notes)
Efficient Capital Markets: a Review of Theory and Empirical Work (Fama, 1970)Efficient Market Hypothesis: weak, semi-strong, strong (see notes)
The Pricing of Options and Corporate Liabilities (Black & Scholes, 1973)
Does the Stock Market Overreact? (Bondt & Thaler, 1985)EMH does not hold; historical price info is not correctly priced by market → behavioral finance
What Happened To The Quants In August 2007? (Amir E. Khandani and Andrew W. Lo)See slides from 02/17/24
Corporate Finance I
Corporate Finance II
Business Analysis and Valuation