Burton G Malkiel
Biographic Data
| ID | 972964 |
|---|---|
| NAME | Burton G Malkiel |
| GIVEN NAMES | Burton G |
| FAMILY NAME | Malkiel |
| SIGNATURE | MALKIEL B G |
| AFFILIATIONS | Princeton University |
| ORCID | 0009-0003-3388-1211 |
| VERIFIED | Yes |
| TOTAL WORKS | 11 |
| TOTAL CITATIONS | 30 |
| AUTHOR COUNT | 11 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1967 |
| LATEST PUBLICATION YEAR | 2015 |
| H-INDEX | 2 |
Stock Market Predictability
Asset Management Fees and the Growth of Finance
From 1980 to 2006, the financial services sector of the US economy grew from 4.9 percent to 8.3 percent of GDP. A substantial share of that increase was comprised of increases in the fees paid for asset management. This paper examines the significant increase in asset management fees charged to both individual and institutional investors. One could argue that the increase in fees charged by actively managed funds could prove to be socially useful…
The Efficient Market Hypothesis and Its Critics
Revolutions often spawn counterrevolutions and the efficient market hypothesis in finance is no exception. The intellectual dominance of the efficient-market revolution has more been challenged by economists who stress psychological and behavorial elements of stock-price determination and by econometricians who argue that stock returns are, to a considerable extent, predictable. This survey examines the attacks on the efficient market hypothesis …
The Predictability of Stock Returns: A Cross-Sectional Simulation
This paper investigates whether predictable patterns that previous empirical work in finance have isolated appear to be persistent and exploitable by portfolio managers. On a sample that is free from survivorship bias we construct a test wherein we simulate the purchases and sales an investor would undertake to exploit the predictable patterns, charging the appropriate transaction costs for buying and selling and using only publicly available inf…
Expectations and the Structure of Share Prices
John G. Cragg and Burton G. Malkiel collected detailed forecasts of professional investors concerning the growth of 175 companies and use this information to examine the impact of such forecasts on the market evaluations of the companies and to test and extend traditional models of how stock market values are determined
Efficiency of Corporate Investment: Reply
Earnings Retention, New Capital and the Growth of the Firm
William J. Baumol, Peggy Heim, Burton G. Malkiel, Richard E. Quandt, Earnings Retention, New Capital and the Growth of the Firm, The Review of Economics and Statistics, Vol. 52, No. 4 (Nov., 1970), pp. 345-355
Expectations and Interest Rates: A Cross-sectional Test of the Error-learning Hypothesis
The Term Structure of Interest Rates: Expectation and Behavior Patterns
The Term Structure of Interest Rates: An Analysis of a Survey of Interest-Rate Expectations
IN recent years, the term structure of interest rates has become an increasingly important area for economic research. As a continuing balance-of-payments deficit has forced United States authorities to search for new policy weapons, theorists and statisticians alike have taken another look at the possibility of twisting the rate structure. Far from converging toward a single set of answers, however, this research has intensified pre-existing con…
A Critique of Some Recent Empirical Research on the Explanation of the Term Structure of Interest Rates: Comment
The Efficient Market Hypothesis and Its Critics
Revolutions often spawn counterrevolutions and the efficient market hypothesis in finance is no exception. The intellectual dominance of the efficient-market revolution has more been challenged by economists who stress psychological and behavorial elements of stock-price determination and by econometricians who argue that stock returns are, to a considerable extent, predictable. This survey examines the attacks on the efficient market hypothesis …
Asset Management Fees and the Growth of Finance
From 1980 to 2006, the financial services sector of the US economy grew from 4.9 percent to 8.3 percent of GDP. A substantial share of that increase was comprised of increases in the fees paid for asset management. This paper examines the significant increase in asset management fees charged to both individual and institutional investors. One could argue that the increase in fees charged by actively managed funds could prove to be socially useful…
The Term Structure of Interest Rates: An Analysis of a Survey of Interest-Rate Expectations
IN recent years, the term structure of interest rates has become an increasingly important area for economic research. As a continuing balance-of-payments deficit has forced United States authorities to search for new policy weapons, theorists and statisticians alike have taken another look at the possibility of twisting the rate structure. Far from converging toward a single set of answers, however, this research has intensified pre-existing con…
A Critique of Some Recent Empirical Research on the Explanation of the Term Structure of Interest Rates: Comment
The Term Structure of Interest Rates: Expectation and Behavior Patterns
Expectations and Interest Rates: A Cross-sectional Test of the Error-learning Hypothesis
Earnings Retention, New Capital and the Growth of the Firm
William J. Baumol, Peggy Heim, Burton G. Malkiel, Richard E. Quandt, Earnings Retention, New Capital and the Growth of the Firm, The Review of Economics and Statistics, Vol. 52, No. 4 (Nov., 1970), pp. 345-355
Efficiency of Corporate Investment: Reply
Expectations and the Structure of Share Prices
John G. Cragg and Burton G. Malkiel collected detailed forecasts of professional investors concerning the growth of 175 companies and use this information to examine the impact of such forecasts on the market evaluations of the companies and to test and extend traditional models of how stock market values are determined
The Predictability of Stock Returns: A Cross-Sectional Simulation
This paper investigates whether predictable patterns that previous empirical work in finance have isolated appear to be persistent and exploitable by portfolio managers. On a sample that is free from survivorship bias we construct a test wherein we simulate the purchases and sales an investor would undertake to exploit the predictable patterns, charging the appropriate transaction costs for buying and selling and using only publicly available inf…
The Efficient Market Hypothesis and Its Critics
Revolutions often spawn counterrevolutions and the efficient market hypothesis in finance is no exception. The intellectual dominance of the efficient-market revolution has more been challenged by economists who stress psychological and behavorial elements of stock-price determination and by econometricians who argue that stock returns are, to a considerable extent, predictable. This survey examines the attacks on the efficient market hypothesis …
Asset Management Fees and the Growth of Finance
From 1980 to 2006, the financial services sector of the US economy grew from 4.9 percent to 8.3 percent of GDP. A substantial share of that increase was comprised of increases in the fees paid for asset management. This paper examines the significant increase in asset management fees charged to both individual and institutional investors. One could argue that the increase in fees charged by actively managed funds could prove to be socially useful…
Stock Market Predictability
Economics (10 works) · Monetary economics (8 works) · Business (4 works) · Econometrics (4 works) · Financial economics (4 works) · Financial Markets and Investment Strategies (4 works) · Monetary Policy and Economic Impact (4 works) · Computer Science (3 works) · Interest rate (3 works) · Physics (3 works)