Selected References

1. Markowitz, H.M., "Portfolio Selection", The Journal of Finance, Vol. 13, No. 1, March 1952.

2. Sharpe, W., "A Simplified Model for Portfolio Analysis", Management Science, Vol. 9, No. 2, January 1963.

3. Roll, R., "A Critique of the Asset Pricing Theory Tests", Journal of Financial Economics, Vol. 4, March 1977.

4. Firth, M., The Valuation of Shares and the Efficient Markets Theory, Macmillan (London) 1977.

5. Ross, SA., "Arbitrage Theory of Capital Asset Pricing", Journal of Economic Theory, Vol. 13, December 1976.

6. Roll, R. and Ross, S.A., "An Empirical Investigation of the Arbitrage Pricing Theory", Journal of Finance, Vol. 35, No. 5, December 1980.

7. Chen, N.F., Roll, R. and Ross, S.A., "Economic Forces and the Stock Market", Journal of Business, Vol. 59, July 1986.

8. Dhrymes, P.J., Friend, I. and Gultekin, N.B., "A Critical Re-examination of the Empirical Evidence on the Arbitrage Pricing Theory", Journal of Finance, Vol. 39, No. 3, June 1984.

9. Elton, E.J., Gruber, M.J. and Mei, J., "Cost of Capital Using Arbitrage Pricing Theory: A Case Study of Nine New York Utilities", Financial Markets, Institutions and Instruments", Vol. 3, August 1994.

10. Huberman, G. and Wang, Z., "Arbitrage Pricing Theory", Federal Reserve Bank of New York, Staff Report, No. 216, August 2005.

11. Fama, E.F. and French, K.," The Capital Asset Pricing Model: Theory and Evidence" Working Paper No.550, Center for Research in Security Price s(CRSP), University of Chicago, 2003.

12. Peters, E.E., Chaos and Order in Capital Markets, Wiley (New York), 1991.

13. Varian, Hal R., "Catastrophe Theory and the Business Cycle", Economic Enquiry, Vol. 17, Issue 1, September 2007.

14. Montier, J., Behavioural Finance: Insights into Irrational Minds and Markets, Wiley (International), 2002.

15. Hill, R.A., "Theories of the Firm and Corporate Objectives", ACCA, April 1990.

16. Jenson, M.C. and Meckling, W.H., "The Theory of the Firm: Managerial Behaviour, Agency Costs and Ownership Structure", Journal of Financial Economics, 3, October 1976.

17. Hosking, P., "Short-term gain, long-term gain", The Times, July 17, 2010.

18. Hill, R.A.,

- Strategic Financial Management, 2009.

- Strategic Financial Management; Exercises, 2009.

- Portfolio Theory and Financial Analyses; Exercises, 2010.