Risk and the required return on equity
[size=-1]FD Arditti - Journal of Finance, 1967 - JSTOR
FOR AN INVESTMENT to be acceptable to a firm's financial management it must provide a positive
answer to the question "Will the acquisition of this asset increase the value of the owner's
equity?" If the investment meets this require- ment, then by definition the present value of ...

Portfolio efficiency analysis in three moments: the multiperiod case
[size=-1]FD Arditti… - Journal of Finance, 1975 - JSTOR
THE NOTION of two moment efficiency analysis and the subsequent derivation of security market
equilibrium conditions in terms of the first two moments of return distributions has been
introduced, extended and discussed by Markowitz [14], Tobin [19], Sharpe [17], Lintner ...