Fischer Black

Research topics

• Financial Markets and Investment Strategies · 1 paper
• Financial Reporting and Valuation Research · 1 paper
• Capital Investment and Risk Analysis · 1 paper

Frequent co-authors

• Myron S. Scholes · 1 paper

Papers

1. The Pricing of Options and Corporate LiabilitiesJournal of Political Economy · 1973 · 29,661 citations

   If options are correctly priced in the market, it should not be possible to make sure profits by creating portfolios of long and short positions in options and their underlying stocks. Using this principle, a theoretical valuation formula for options…