14.3 Μόχλευση, Διαφοροποίηση Κινδύνου και Αποτελεσματικές Αγορές

Βιβλιογραφία

Acemoglu D., Zilibotti F. (1997) Setting standards: Information accumulation in development, Economics Working Papers 212, Department of Economics and Business, Universitat Pompeu Fabra.

Grossman G.M., Helpman E. (1992) Innovation and growth in the global economy, MIT Press, Cambridge (MA) / London (UK).

Hausmann R., Klinger B. (2006) Structural Transformation and Patterns of Comparative Advantage in the Product Space, Harvard University Center for International Development, Working Paper #128.

Hwang J. (2006) Introduction of New Goods, Convergence and Growth, Department of Economics, Harvard University, Mimeo.

Imbs J., Wacziarg R. (2003) Stages of Diversification, American Economic Review, vol. 93, no. 1, pp. 63-86.

Jensen M.C. (1986) Agency costs of free cash flow, corporate finance and takeovers, The American Economic Review, Vol. 76, No. 2, pp. 323-329.

Kuznets S. (1971) Modern Economic Growth: Findings and Reflections, Nobel Prize in Economics documents 1971-2, Nobel Prize Committee.

Lang L., Ofek E., Stulz R. (1996) Leverage, investment, and firm growth, The Journal of Financial Economics 40, 3-30.

Lintner J. (1965) The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets, Review of Economics and Statistics, 73, 13-37.

Markowitz H. (1952) Portfolio selection, The journal of finance, 7(1), pp. 77-91.

Modigliani F., Miller M. (1958) The Cost of Capital, Corporation Finance, and the Theory of Investment, American Economic Review, 48(3), pp. 261–297.

Mossin J. (1966) Equilibrium in a Capital Asset Market, Econometrica, 34 (4), 768-83.

Myers S.C. (1977) Determinants of corporate borrowing, Journal of Financial Economics, Vol. 5, pp. 147-175.

Romer P.M. (1990) Capital, Labor, and Productivity, Brookings Papers Economic Activity.

Sharpe W.F. (1964) Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk, Journal of Finance, 19(3), 425-42.

Shayah M.H. (2015) Economic Diversification by Boosting Non-Oil Exports (Case of UAE), Journal of Business Economics and Management, 3(7), DOI:10.7763/JOEBM.2015.V3.276.

Titman S., Wessels R. (1988) The determinants of capital structure choice, The Journal of Finance, Vol. XLIII, No. 1, pp. 1-21.

 

Further Reading List

Ang A., Goetzmann W.N., Schaefer S.M. (2012) The Efficient Market Theory and Evidence: Implications for Active Investment Management, Foundations and Trends in Finance, Vol. 5, No. 3, available at SSRN: http://ssrn.com/abstract=2013369.

Battiston S., Gatti D., Delli C.M., Greenwald B., Stiglitz J.E. (2012) Default Cascades: When Does Risk Diversification Increase Stability? Journal of Financial Stability, 8(3), pp. 138-49.

Berger A.N., Hasan I., Korhonen I., Zhou M. (2010) Does diversification increase or decrease bank risk and performance? Evidence on diversification and the risk-return tradeoff in banking – BOFIT Discussion Papers 9, Bank of Finland.

Caselli F., Koren M., Lisicky M., Tenreyro S. (2015) Diversification through Trade, London, Centre for Economic Policy Research, http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=10775.

Cecchetti S.G., Kharroubi E. (2015) Why does financial sector growth crowd out real economic growth? Working Papers No 490, BIS.

Gersbach H., Haller H., Muller J. (2015) The Macroeconomics of Modigliani-Miller, Journal of Economic Theory, 157(0), pp. 1081-1113.

Eggert W., Stephan M., Temme J., Von Ungern-Sternberg H. (2015) Diversification, Risk Aversion and Expectation in a Holdout Scenario, Working Paper No. 5527 Category 7: Monetary Policy and International Finance, CESIFO.

Koudijs P., Voth H.J. (2014) Leverage and beliefs: personal experience and risk taking in margin lending, NBER Working Paper No. 19957.

Mongelli F.P. (2002) “New” views on the optimum currency area theory: What is EMU telling us? Working Paper, NO 138, ECB.

North D.C. (1994) The evolution of efficient markets in history, in James J.A., Thomas M. (eds.) Capitalism in Context, Chicago – University of Chicago Press, p. 259.

Shiller J.R. (2003) From efficient markets theory to behavioral finance, Journal of Economic Perspectives, Vol. 17, Number 1, pages 83-104.