Publications

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Theory of Risk Capital in Financial Firms

Fall 1993 | Risk Management/Stocks | Paper
Merton, Robert C., and André Perold. “Theory of Risk Capital in Financial Firms.” Journal of Applied Corporate Finance 6, no. 3 (fall 1993): 16-32.

Management of Risk Capital in Financial Firms

1993 | Risk Management/Stocks | Book Chapter
Merton, Robert C., and André F. Perold. "Management of Risk Capital in Financial Firms." In Financial Services: Perspectives and Challenges, edited by Samuel L. Hayes III, 215-245. Boston, Mass.: Harvard Business School Press, 1993.

Dividend Behavior for the Aggregate Stock Market

January 1987 | Risk Management/Stocks | Paper
Marsh, Terry A., and Robert C. Merton. “Dividend Behavior for the Aggregate Stock Market.” Journal of Business 60 (January 1987): 1-40.

On the Current State of the Stock Market Rationality Hypothesis

1987 | Risk Management/Stocks | Book Chapter
Merton, Robert C. “On the Current State of the Stock Market Rationality Hypothesis.” In Macroeconomics and Finance: Essays in Honor of Franco Modigliani, edited by R. Dornbusch, S. Fischer and J. Bossons. Cambridge: MIT Press, 1987. (Working Paper)

Dividend Variability and Variance Bounds Tests for the Rationality of Stock Market Prices

June 1986 | Risk Management/Stocks | Paper
Merton, Robert C., and Terry A. Marsh. “Dividend Variability and Variance Bounds Tests for the Rationality of Stock Market Prices.” American Economic Review 76, no. 3 (June 1986): 483-498.

Earnings Variability and Variance Bounds Tests for Rationality of Stock Market Prices

1984 | Risk Management/Stocks | Paper
Merton, Robert C., and Terry A. Marsh. "Earnings Variability and Variance Bounds Tests for Rationality of Stock Market Prices." MIT Sloan School of Management Working Paper Series, No. 1559-84, 1984.

Macroeconomics and Finance: The Role of the Stock Market

1984 | Risk Management/Stocks | Book Chapter
Fischer, Stanley and Robert C. Merton. “Macroeconomics and Finance: The Role of the Stock Market.” In Essays on Macroeconomic Implications of Financial and Labor Markets and Political Processes. Vol. 21, edited by K. Brunner and A. H. Meltzer. Amsterdam: North-Holland Publishing Company, 1984.