The Supreme Court, in Basic, Inc. v. Levinson,'addressed for the first time whether a
rebuttable presumption of reliance in a securities fraud class action may be supported by a …

The principle of charity says that all agents are rational. The principle of meta‐charity says
that all agents believe all agents are rational. My thesis is that the arguments which are used …

Purpose The purpose of this paper is to summarise and reflect upon key issues at the
interface of prices, information and regulation with a focus upon the stock market in context …

This thesis consists of three essays. The first essay (chapter two) examines short-and long-
term persistence and predictability of earnings and cash-flow growth rates. Aggregate …

William Sharpe's 1964 capital asset pricing model relies heavily on an accurate assessment
of the asset's sensitivity to the broader market, termed β. By modifying the classic approach …

The semi-strong form of the Efficient Market Hypothesis (EMH) tells investors that it is not
possible to outperform the market. It does this because it claims that the stock price of …

In the period following earnings announcements, conversions and exercises of dilutive
securities may occur. To the extent that conversions of convertible preferred stocks and/or …

Linda J. Martin ow do you treat uncertainty? Assuming that portfolio managers exhibit typical
(if not more intense) human behavioral patterns, you simply ig-nore it! Because uncertainty …