RT Report
T1 Markowitz, Sharpe y Miller o el reconocimiento de finanzas como disciplina económica
A1 Febrero Devesa, Ramón
AB El propósito de este trabajo es introducir al lector en las contribuciones más representativas de Markowitz, Sharpe y Miller, economistas galardonados este año con el premio Nobel. En particular, se resaltará el enfoque dado por Markowitz a la demanda de activos con riesgo y las caracterizaciones del equilibrio del mercado de capitales de Sharpe y Miller (y Modigliani). A lo largo de la exposición el lector podrá comprobar que la moderna teoría financiera, nacida precisamente de las contribuciones de estos autores junto con Tobin y Modigliani, constituye una aplicación del enfoque económico al estudio de los mercados de capitales, y de ahí, su naturaleza adquirida de teoría microeconómica aplicada. El trabajo incorpora, asimismo, un apéndice bibliográfico que esperamos sea de utilidad para quienes deseen profundizar en la obra de los tres profesores premiados.
PB Facultad de Ciencias Económicas y Empresariales. Decanato
SN 2255-5471
YR 1990
FD 1990
LK https://hdl.handle.net/20.500.14352/63978
UL https://hdl.handle.net/20.500.14352/63978
LA spa
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Macroeconomics: A Neoclassical Introduction, (Chicago: University of Chicago Press).Modigliani, F. Y M. H. Miller. (1958). "The Cost of Capital, Corporation Finance, and the Theory of Investment", American Economic Review, 48 (junio): 267-297. Reproducido en Archer y d'Ambrosia (1983): 351-385. Reproducido en Francis, Lee y Farrar (1980): 377-413.Modigliani, F. Y M. H. Miller. (1963). "Corporate Income Taxes and the Cost of Capital: a Correction", American Economic Review, 53 (junio): 433-443. Reproducido en Archer y d'Ambrosia (1983): 418-428. Reproducido en Francis, Lee y Farrar (1980): 437-447.Modigliani, F. Y M. H. Miller. (1969). "A Comment on the Modigliani Miller Cost of Capital Thesis: Reply", American Ecanamic Review, 59 (4): 592-595.Modigliani, F. Y M. H. Miller. (1983). "The Cost of Capital, Corporation Finance, and the Theory of Investment: Reply". En Archer y D'Ambrosia (1983): 403-417.Musgrave, R. A. Y M. H. Miller. (1986). "Built-in Flexibility". En (Ed.) R. A. Musgrave, Public Finance in a Democratic Society. Volume 1. Social Goods, Taxation and Fiscal Policy. Collected Papers of Richard A. Musgrave, (New York: New York University Press u Columbia University Press).
DS Docta Complutense
RD 29 abr 2024