Risk Adjustment

Black F. (1972). “Capital market equilibrium with restricted borrowing,” Journal of Business (July).

Levy H. (1978). “Equilibrium in an imperfect market: A constraint on the number of securities in the portfolio,” American Economic Review 68(4) (September), 643–658.

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 (February), 13–37.

Markowitz H. M. (1952). “Portfolio selection,” The Journal of Finance 7(1) (March), 77–91.

Markowitz H. M. (1959). Portfolio Selection: Efficient Diversification of Investments. Wiley, Yale University Press, 1970.

Markowitz H. M. (1987). Mean-Variance Analysis in Portfolio Choice and Capital Markets. Basil Blackwell, New York.

Merton R. C. (1972). “An analytic derivation of the efficient portfolio frontier,” Journal of Financial and Quantitative Analysis (September), 1851–1872.

Merton R. C. (1987).“Presidential Address: A Simple Model of Capital Market Equilibrium with Incomplete Information,” Forty-Fifth Annual Meeting, American Finance Association, New Orleans, Louisiana, December 28–30, 1986, The Journal of Finance 42(3) (July).

Roy A. D. (1952). “Safety first and the holding of assets,” Econometrica 20, 431–449.

Sharpe W. F. (1964). “Capital asset prices: A theory of market equilibrium under conditions of risk.” The Journal of Finance 19(3) (September).

Tobin J. (1958). “Liquidity preference as behavior towards risk,” Review of Economic Studies (February), 65–86.