Hostname: page-component-77c89778f8-7drxs Total loading time: 0 Render date: 2024-07-17T08:08:06.875Z Has data issue: false hasContentIssue false
  • English
  • Français

Alternative Procedures for Revising Investment Portfolios**

Published online by Cambridge University Press:  19 October 2009

Keith V. Smith
Get access Rights & Permissions [Opens in a new window]

Extract

Investment management is a decision-making process which ranges from an individual managing his own small portfolio of securities to institutional investors who manage portfolios valued in millions of dollars. The importance of investment management is readily observed in the increased activity of the securities markets, the close scrutiny given by regulatory agencies to various institutional investors and professional investment managers, the growing market value of pension funds, trust funds, and investment companies, and finally, the increasing number of related research studies which are reported in the financial literature.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 3 , Issue 4 , December 1968 , pp. 371 - 403
Copyright
Copyright © School of Business Administration, University of Washington 1968

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

1.Cohen, K. J., and Pogue, J. A., “An Empirical Evaluation of Alternative Portfolio Selection Models,” Journal of Business, 40 (April 1967), pp. 166–193.CrossRefGoogle Scholar
2.Fanning, J. E., “How to Improve Investment Decisions,” Harvard Business Review, 44 (January–February 1966), pp. 156–168.Google Scholar
3.Fisher, L., and Lorie, J. H., “Rates of Return on Investments in Common Stocks,” Journal of Business, 37 (January 1964), pp. 1–21.CrossRefGoogle Scholar
4.Heller, W. W., New Dimensions of Political Economy (Cambridge, Mass.: Harvard University Press, 1966).Google Scholar
5.Herzog, J. P., “Investor Experience in Corporate Securities: A New Technique for Measurement,” Journal of Finance, 19 (March 1964), pp. 46–62.Google Scholar
6.Latané, H. W., “Investment Criteria: A Three Asset Portfolio Balance Model,” Review of Economics and Statistics, 45 (November 1963), pp. 427–430.Google Scholar
7.Lintner, J., “The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets,” Review of Economics and Statistics, 47 (February 1965), pp. 13–37.CrossRefGoogle Scholar
8.Markowitz, H. M., Portfolio Selection: Efficient Diversification of Investments (New York: John Wiley & Sons, Inc., 1959).Google Scholar
9.Pogue, J. A., “An Adaptive Model for Investment Management,”Paper presented at the Thirty-First National Meeting of the Operations Research Society of America,New York City,June 1, 1967.Google Scholar
10.Renshaw, E. A., “Portfolio Balance Models in Perspective: Some Generalizations That Can Be Derived from the Two Asset Case,” Journal of Financial and Quantitative Analysis, 2 (June 1967), pp. 123–149.Google Scholar
11.Sharpe, W. F., “A Simplified Model for Portfolio Analysis,” Management Science, 9 (January 1963), pp. 277–293.CrossRefGoogle Scholar
12.Smith, K. V., “Needed: A Dynamic Approach to Investment Management,” Financial Analysts Journal, 23 (May–June 1967), pp. 115–117.CrossRefGoogle Scholar
13.Smith, K. V., “A Transition Model for Portfolio Revision,” Journal of Finance, 22 (September 1967), pp. 425–439.Google Scholar
14.Smith, K. V., “Stock Price and Economic Indices for Generating Efficient Portfolios,” Journal of Business (forthcoming).Google Scholar
15.Tobin, J., “Liquidity Preference as Behavior Towards Risk,” Review of Economic Studies, 25 (February 1958), pp. 65–86.CrossRefGoogle Scholar