Robert Litzenberger | Academic Influence

Robert Litzenberger's AcademicInfluence.com Rankings

Robert Litzenberger

Business

#287

World Rank

#313

Historical Rank

#127

USA Rank

Finance

#50

World Rank

#53

Historical Rank

#19

USA Rank

business Degrees

Robert Litzenberger

Economics

#1031

World Rank

#1206

Historical Rank

#507

USA Rank

economics Degrees

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Business
Economics

Robert Litzenberger's Degrees

PhD Finance University of Chicago
Masters Economics University of Chicago
Bachelors Economics University of California, Berkeley

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Why Is Robert Litzenberger Influential?

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According to Wikipedia, Robert Litzenberger is Professor Emeritus at the Wharton School of the University of Pennsylvania. He is best known for establishing the use of state prices in financial economics. Biography Litzenberger studied at Wagner College before going on to earn an MBA from the Wharton School at the University of Pennsylvania and receiving his PhD from University of North Carolina at Chapel Hill three years later in 1969.

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Robert Litzenberger's Published Works

Number of citations in a given year to any of this author's works

Total number of citations to an author for the works they published in a given year. This highlights publication of the most important work(s) by the author

Published Works

Prices of State-Contingent Claims Implicit in Option Prices (1978) (2312)
A State-Preference Model of Optimal Financial Leverage (1973) (2257)
SKEWNESS PREFERENCE AND THE VALUATION OF RISK ASSETS (1976) (1910)
The effect of personal taxes and dividends on capital asset prices (1979) (1194)
Dividend announcements: Cash flow signalling vs. free cash flow hypothesis? (1989) (884)
Empirical Tests of the Consumption-Oriented CAPM (1989) (712)
Foundations for financial economics (1988) (596)
The Effects of Dividends on Common Stock Prices Tax Effects or Information Effects (1982) (436)
Sharing rules and equilibrium in an international capital market under uncertainty (1976) (372)
Private information, trading volume, and stock-return variances (1990) (362)
Physical evidence of police officer stress (2002) (339)
Backwardation in Oil Futures Markets: Theory and Empirical Evidence (1995) (320)
Announcement effects of new equity issues and the use of intraday price data (1988) (302)
Dividends, Short Selling Restrictions, Tax-Induced Investor Clienteles and Market Equilibrium (1980) (215)
QUARTERLY EARNINGS REPORTS AND INTERMEDIATE STOCK PRICE TRENDS (1970) (177)
Assessing Catastrophe Reinsurance-Linked Securities as a New Asset Class (1996) (155)
Swaps: Plain and Fanciful (1992) (139)
Estimates of the Marginal Rate of Time Preference and Average Risk Aversion of Investors in Electric Utility Shares: 1960-66 (1971) (114)
On the Distributional Conditions for a Consumption-oriented Three Moment CAPM (1983) (112)
An International Study of Tax Effects on Government Bonds (1984) (110)
The Pricing of Commodity Futures Contracts, Nominal Bonds and Other Risky Assets under Commodity Price Uncertainty (1979) (82)
MARKET EQUILIBRIUM IN A MULTIPERIOD STATE PREFERENCE MODEL WITH LOGARITHMIC UTILITY (1975) (75)
Determinants of interest rate swap spreads (1998) (64)
Arbitrage pricing, transaction costs and taxation of capital gains: A study of government bonds with the same maturity date (1984) (64)
LEVERAGE, DIVERSIFICATION AND CAPITAL MARKET EFFECTS ON A RISK-ADJUSTED CAPITAL BUDGETING FRAMEWORK (1968) (61)
Testing Financial Market Equilibrium under Asymmetric Information (1992) (54)
ELIMINATION OF THE DOUBLE TAXATION OF DIVIDENDS AND CORPORATE FINANCIAL POLICY (1978) (42)
On the CAPM Approach to the Estimation of A Public Utility's Cost of Equity Capital (1980) (37)
A Utility-based Model of Common Stock Price Movements (1986) (36)
TAXATION AND THE INCIDENCE OF HOMEOWNERSHIP ACROSS INCOME GROUPS (1978) (35)
Corporate Investment Criteria and the Valuation of Risk Assets (1970) (35)
Market Efficiency and Microstructure Evolution in U.S. Equity Markets: A High-Frequency Perspective (2010) (32)
The Impacts of Automation and High Frequency Trading on Market Quality (2012) (25)
On Mean Variance Models of Capital Structure and the Absurdity of Their Predictions (1977) (24)
THE THEORY OF RECAPITALIZATIONS AND THE EVIDENCE OF DUAL PURPOSE FUNDS (1977) (23)
Ordinal Predictions and the Selection of Common Stocks (1971) (21)
The structure and management of dual purpose funds (1977) (19)
The Analytical Theory of Finance. (1971) (17)
Crisis and Non-Crisis Risk in Financial Markets: A Unified Approach to Risk Management (2008) (16)
On the Necessary Condition for Linear Sharing and Separation: A Note (1985) (15)
Some Observations on Capital Structure and the Impact of Recent Recapitalizations on Share Prices (1986) (14)
Consumption-Based Asset Pricing, Part 1: Classic Theory and Tests, Measurement Issues, and Limited Participation (2015) (14)
Mutual fund insurance (1980) (14)
LEVERAGE AND THE COST OF CAPITAL IN A LESS DEVELOPED CAPITAL MARKET: COMMENT (1971) (14)
Central Bank Policy Impacts on the Distribution of Future Interest Rates (2014) (13)
A Note on Geometric Mean Portfolio Selection and the Market Prices of Equities (1971) (13)
Portfolio Theory and Industry Cost of Capital Estimates (1972) (13)
Size and Timing of Corporate Bond Flotations (1972) (12)
A Comparison of Capital Structure Decisions of Regulated and Non-Regulated Firms (1979) (12)
SECULAR TRENDS IN RISK PREMIUMS (1972) (10)
EQUILIBRIUM IN THE EQUITY MARKET UNDER UNCERTAINTY (1969) (9)
DECENTRALIZED CAPITAL BUDGETING DECISIONS AND SHAREHOLDER WEALTH MAXIMIZATION (1975) (9)
THE EFFECT OF CREDIT ON THE INTEREST ELASTICITY OF THE TRANSACTION DEMAND FOR CASH: COMMENT (1971) (6)
Target Rates of Return and Corporate Asset and Liability Structure Under Uncertainty (1971) (6)
Changes in the Supply of Money, the Firm's Market Value and Cost of Capital (1973) (6)
Monetary rules and the nominal rate of interest under uncertainty (1980) (6)
Consumption-Based Asset Pricing, Part 2: Habit Formation, Conditional Risks, Long-Run Risks, and Rare Disasters (2015) (6)
The Market Price of Risk, Size of Market and Investor's Risk Aversion: A Comment (1972) (5)
The Allocation of Wealth to Risky Assets: Discussion (1975) (4)
THE CAPITAL STRUCTURE AND THE COST OF CAPITAL: COMMENT (1970) (3)
The Performance and Potential of Dual Purpose Funds* (1978) (3)
Adjusting for Risk in the Capital Budget of a Growth-Oriented Company: Comment (1969) (2)
William F. Sharpe's Contributions to Financial Economics (1991) (1)
INTERINDUSTRY PROFITABILITY UNDER UNCERTAINTY (1973) (1)
Tax Policies & Corporate Decisions Incongruity of Value Maximization with Shareholder Utility Maximization (1989) (1)
FURTHER EVIDENCE ON THE PERSISTENCE OF CORPORATE PROFITABILITY RATES (1970) (1)
Interest Rate Changes and the Required Rate of Return on Risk Assets: Reply (1970) (1)
GROWTH-ORIENTED COMPANY: COMMENT** (2016) (0)
Abstract — Leverage and the Valuation of Risk Assets: An Empirical Test (1973) (0)
A Competitive Theory of Trading Volume with Heterogeneous Beliefs (1993) (0)
A nursing approach to the management of type IIA hyperlipidemia: case study of a young adult. (1991) (0)
Could Sue care for herself ... & a baby too? (1994) (0)
An International Study of T ax Effects on Gove rnent Bonds (0)
How Rational Is The Market? Testing Alternative Hypotheses On Financial Market Equilibrium (1990) (0)
Central Bank Policy Impacts on the Distribution of State Prices for Future Interest Rates, 2003–2022 (2022) (0)
FUND SELECTION IN 401 ( K ) PLANS (2006) (0)

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What Schools Are Affiliated With Robert Litzenberger?

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