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Systematic risk, wage rates, and factor substitution

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  • Lee, Cheng-Few
  • Chen, K. C.
  • Liaw, K. Thomas

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  • Lee, Cheng-Few & Chen, K. C. & Liaw, K. Thomas, 1995. "Systematic risk, wage rates, and factor substitution," Journal of Economics and Business, Elsevier, vol. 47(3), pages 267-279, August.
    • Handle: RePEc:eee:jebusi:v:47:y:1995:i:3:p:267-279
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    References listed on IDEAS

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    1. Senbet, Lemma W. & Thompson, Howard E., 1982. "Growth and Risk," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 17(3), pages 331-340, September.
    2. Dotan, Amihud & Ravid, S Abraham, 1985. "On the Interaction of Real and Financial Decisions of the Firm under Uncertainty," Journal of Finance, American Finance Association, vol. 40(2), pages 501-517, June.
    3. Lee, Cheng-Few & Thomas Liaw, K. & Rahman, Shafiqur, 1990. "Impacts of market power and capital-labor ratio on systematic risk: A Cobb-Douglas approach," Journal of Economics and Business, Elsevier, vol. 42(3), pages 237-241, August.
    4. Sun, Liming, 1993. "Market power, wage rate, and systematic risk: A homogeneous production function approach," Journal of Economics and Business, Elsevier, vol. 45(1), pages 99-108, February.
    5. Lev, Baruch, 1974. "On the Association between Operating Leverage and Risk," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 9(4), pages 627-641, September.
    6. Kit Pong Wong, 1994. "Effects of wage rate on systematic risk in a Cournot duopoly," Journal of Economics and Business, Elsevier, vol. 46(3), pages 227-233, August.
    7. Rubinstein, Mark E, 1973. "A Mean-Variance Synthesis of Corporate Financial Theory," Journal of Finance, American Finance Association, vol. 28(1), pages 167-181, March.
    8. Peyser, Paul S, 1994. "Beta, Market Power and Wage Rate Uncertainty," Journal of Industrial Economics, Wiley Blackwell, vol. 42(2), pages 217-226, June.
    9. Mandelker, Gershon N. & Rhee, S. Ghon, 1984. "The Impact of the Degrees of Operating and Financial Leverage on Systematic Risk of Common Stock," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 19(1), pages 45-57, March.
    10. Marti G. Subrahmanyam & Stavros B. Thomadakis, 1980. "Systematic Risk and the Theory of the Firm," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 94(3), pages 437-451.
    11. Goldenberg, David H. & Chiang, Raymond, 1983. "Systematic risk and the theory of the firm : A reexamination," Journal of Accounting and Public Policy, Elsevier, vol. 2(1), pages 63-72.
    12. Hite, Gailen L., 1977. "Leverage, output effects, and the M-M theorems," Journal of Financial Economics, Elsevier, vol. 4(2), pages 177-202, March.
    13. Sullivan, Timothy G, 1978. "The Cost of Capital and the Market Power of Firms," The Review of Economics and Statistics, MIT Press, vol. 60(2), pages 209-217, May.
    14. William F. Sharpe, 1964. "Capital Asset Prices: A Theory Of Market Equilibrium Under Conditions Of Risk," Journal of Finance, American Finance Association, vol. 19(3), pages 425-442, September.
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