Fischer Black on Valuation: The CAPM in General Equilibrium

Abstract Sitting before me is a copy of A Bibliography of Finance by Richard Brealey and Helen Edwards, which lists 12,037 papers on financial economics published in approximately 120 journals sorted into 40 subject areas. It lists 26 papers written by Fischer Black, covering 14 of those categories. Several papers could have easily been sorted into eight additional subject areas, bringing Black’s coverage up to 22 categories. Papers by Fischer published after 1989, those omitted from the bibliography because they were published as book chapters, and his two books increase the coverage to 29 subject areas. Perusal of my incomplete copies of his two self-published series of papers entitled Fischer Black on Markets and Fischer Black on Options adds three more categories for a grand total of 32. The eight uncovered subject areas are (1) social responsibility, (2) new securities issues, (3) splits and stock dividends, (4) leasing and project finance, (5) working capital, (6) mergers and corporate restructuring, (7) regulated industries, and (8) other speculative markets. I am sure I have overlooked work by Fischer devoted to some of these topics as well, particularly the last three areas.