Leonid Kogan

Massachusetts Institute of Technology (MIT) - Sloan School of Management

Professor of Finance

100 Main Street

E62-636

Cambridge, MA 02142

United States

http://web.mit.edu/lkogan2/www/

National Bureau of Economic Research (NBER)

Faculty Research Fellow

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • Massachusetts Institute of Technology (MIT) - Sloan School of Management

    • Email
    • Tel: 617-253-2289
    • Fax: 617-258-6855
SCHOLARLY PAPERS

38

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1,362

Scholarly Papers (38)

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1.

Technological Innovation, Resource Allocation and Growth

Downloads 5,821 ( 2,324)
Citation 548

Technological Innovation, Resource Allocation and Growth

Quarterly Journal of Economics, Forthcoming
Number of pages: 78 Posted: 22 Dec 2012 Last Revised: 02 Mar 2018
Leonid Kogan, Dimitris Papanikolaou, Amit Seru and Noah Stoffman
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance, Stanford University and Indiana University - Kelley School of Business - Department of Finance
Downloads 5,067 (2,935)
Citation 12

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Innovation, patents, growth, reallocation

Technological Innovation, Resource Allocation, and Growth

NBER Working Paper No. w17769
Number of pages: 46 Posted: 21 Jan 2012 Last Revised: 22 Jul 2023
Leonid Kogan, Dimitris Papanikolaou, Amit Seru and Noah Stoffman
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance, Stanford University and Indiana University - Kelley School of Business - Department of Finance
Downloads 754 (55,600)
Citation 473

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2.

When is Time Continuous?

MIT Laboratory of Financial Engineering (LFE) Working Paper No. LFE-1033-98
Number of pages: 51 Posted: 02 Sep 1998
Dimitris Bertsimas, Leonid Kogan and Andrew W. Lo
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Laboratory for Financial Engineering
Downloads 1,928 (14,382)
Citation 12

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3.

Common Fund Flows: Flow Hedging and Factor Pricing

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Citation 9

Common Fund Flows: Flow Hedging and Factor Pricing

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper , Journal of Finance, Forthcoming
Number of pages: 61 Posted: 24 Apr 2020 Last Revised: 16 Dec 2022
Winston Wei Dou, Leonid Kogan and Wei Wu
The Wharton School, University of Pennsylvania, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Texas A&M University
Downloads 1,846 (15,154)
Citation 2

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Agency conflicts, Demand shocks, Mutual fund flows, Intermediary asset pricing, Heterogeneous agents, Uncertainty

Common Fund Flows: Flow Hedging and Factor Pricing

NBER Working Paper No. w30234
Number of pages: 62 Posted: 11 Jul 2022 Last Revised: 14 Apr 2023
Winston Wei Dou, Leonid Kogan and Wei Wu
The Wharton School, University of Pennsylvania, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Texas A&M University
Downloads 6 (1,018,885)
Citation 4
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4.

The Price Impact and Survival of Irrational Traders

Downloads 1,848 (15,230)
Citation 116

The Price Impact and Survival of Irrational Traders

MIT Sloan Working Paper No. 4293-03, AFA 2004 San Diego Meetings, 14th Conference on Financial Economics & Acctg. (FEA), 5th Ann. Texas Finance Festival
Number of pages: 42 Posted: 20 Jan 2004
Leonid Kogan, Stephen A. Ross, Jiang Wang and Mark M. Westerfield
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Washington
Downloads 1,747 (16,493)

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Irrational Traders, Price Impact, Price Influence, Survival, Irrationality, Long Run Prices

The Price Impact and Survival of Irrational Traders

NBER Working Paper No. w9434
Number of pages: 50 Posted: 10 Jan 2003 Last Revised: 13 Oct 2022
Leonid Kogan, Stephen A. Ross, Jiang Wang and Mark M. Westerfield
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Washington
Downloads 101 (435,747)
Citation 17

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The Price Impact and Survival of Irrational Traders

Journal of Finance, February 2006
Posted: 12 Sep 2005
Leonid Kogan, Stephen A. Ross, Jiang Wang and Mark M. Westerfield
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Washington

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Irrational Traders, Price Impact, Price Influence, Survival, Irrationality, Long Run Prices

5.

Measuring 'Dark Matter' in Asset Pricing Models

Downloads 1,690 (17,685)
Citation 26

Measuring 'Dark Matter' in Asset Pricing Models

Journal of Finance, Forthcoming, NBER Working Paper Series, The Rodney L. White Center Working Papers Series at the Wharton School, The Jacobs Levy Equity Management Center for Quantitative Financial Research Working Papers Series, The Wharton School Research Paper, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 60 Posted: 19 Sep 2013 Last Revised: 25 Jan 2022
Hui Chen, Winston Wei Dou and Leonid Kogan
Massachusetts Institute of Technology, The Wharton School, University of Pennsylvania and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,521 (20,392)
Citation 17

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Fragile beliefs, Unstable models, Misspecification and robustness, Out-of-sample fit, Semiparametric information bounds.

Measuring “Dark Matter” in Asset Pricing Models

NBER Working Paper No. w26418
Number of pages: 61 Posted: 03 Dec 2019 Last Revised: 09 Mar 2023
Hui Chen, Winston Wei Dou and Leonid Kogan
Massachusetts Institute of Technology, The Wharton School, University of Pennsylvania and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 169 (292,984)

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6.

Pricing American Options: A Duality Approach

Downloads 1,517 (20,866)

Pricing American Options: A Duality Approach

Mit Sloan Working Paper No. 4340-01
Number of pages: 40 Posted: 05 Feb 2002
Martin B. Haugh and Leonid Kogan
Imperial College Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,517 (20,499)
Citation 50

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Asset pricing, dynamic programming, simulation, American option, optimal stopping, duality

Pricing American Options: A Duality Approach

Operations Research, Forthcoming
Posted: 11 Mar 2003
Leonid Kogan and Martin B. Haugh
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Imperial College Business School

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7.

Market Selection

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Citation 17

Market Selection

AFA 2009 San Francisco Meetings Paper
Number of pages: 54 Posted: 25 Mar 2008 Last Revised: 16 Nov 2016
Leonid Kogan, Stephen A. Ross, Jiang Wang and Mark M. Westerfield
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Washington
Downloads 854 (46,986)
Citation 5

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Financial Markets, Heterogeneous Beliefs, Price Impact, Survival, General Equilibrium

Market Selection

Journal of Economic Theory, Forthcoming
Number of pages: 54 Posted: 15 Nov 2016
Leonid Kogan, Stephen A. Ross, Jiang Wang and Mark M. Westerfield
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Washington
Downloads 99 (441,697)
Citation 1

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Financial Markets, Heterogeneous Beliefs, Price Impact, Survival, General Equilibrium

Market Selection

NBER Working Paper No. w15189
Number of pages: 41 Posted: 04 Aug 2009 Last Revised: 03 Jul 2023
Leonid Kogan, Stephen A. Ross, Jiang Wang and Mark M. Westerfield
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Washington
Downloads 97 (447,806)
Citation 6

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8.

Smart Contracts and Decentralized Finance

MIT Sloan Research Paper No. 6800-22
Number of pages: 25 Posted: 28 Sep 2022 Last Revised: 18 Oct 2022
Kose John, Leonid Kogan and Fahad Saleh
New York University (NYU) - Department of Finance, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Wake Forest University - Schools of Business
Downloads 904 (44,064)

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Smart Contracts, Decentralized Finance, DeFi, Decentralized Exchanges, DEX, Protocols for Loanable Funds, PLF, Tokens, Stablecoins, Oracle Problem, ICOs, NFTs, Ethereum

9.

Firm Characteristics and Empirical Factor Models: A Model-Mining Experiment

FRB International Finance Discussion Paper
Number of pages: 58 Posted: 29 Nov 2012 Last Revised: 12 Nov 2020
Leonid Kogan and Mary H. Tian
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Board of Governors of the Federal Reserve System
Downloads 890 (45,037)
Citation 9

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Anomalies, Factor Models, Data-mining, Firm Characteristic

10.

Risk Aversion and Optimal Portfolio Policies in Partial and General Equilibrium Economies

Downloads 876 (46,010)
Citation 10

Risk Aversion and Optimal Portfolio Policies in Partial and General Equilibrium Economies

Number of pages: 63 Posted: 24 Aug 2000
Leonid Kogan and Raman Uppal
Massachusetts Institute of Technology (MIT) - Sloan School of Management and EDHEC Business School
Downloads 756 (55,412)
Citation 10

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Asset allocation, stochastic investment opportunities, incomplete markets, borrowing constraints, asymptotic analysis

Risk Aversion and Optimal Portfolio Policies in Partial and General Equilibrium Economies

NBER Working Paper No. w8609
Number of pages: 36 Posted: 17 Nov 2001 Last Revised: 11 Jul 2022
Leonid Kogan and Raman Uppal
Massachusetts Institute of Technology (MIT) - Sloan School of Management and EDHEC Business School
Downloads 94 (457,378)
Citation 3

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Risk Aversion and Optimal Portfolio Policies in Partial and General Equilibrium Economies

Number of pages: 39 Posted: 16 May 2002
Leonid Kogan and Raman Uppal
Massachusetts Institute of Technology (MIT) - Sloan School of Management and EDHEC Business School
Downloads 26 (822,606)
Citation 1
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Asset allocation, stochastic investment opportunities, incomplete markets, borrowing constraints, asymptotic analysis

11.

Mutual Fund Trading Pressure: Firm-Level Stock Price Impact and Timing of SEOs

Downloads 854 (47,672)
Citation 69

Mutual Fund Trading Pressure: Firm-Level Stock Price Impact and Timing of SEOs

AFA 2010 Atlanta Meetings Paper
Number of pages: 47 Posted: 19 Mar 2009 Last Revised: 08 Jul 2011
Mozaffar Khan, Mozaffar Khan, Leonid Kogan and George Serafeim
University of Minnesota - Twin Cities - Carlson School of ManagementCauseway Capital Management, LLC, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Harvard Business School
Downloads 601 (74,701)
Citation 5

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SEO, Market Timing, Price Impact, Trading Pressure, Mutual Fund

Mutual Fund Trading Pressure: Firm-Level Stock Price Impact and Timing of SEOs

Journal of Finance, 67, no. 4: 1371–1395
Number of pages: 47 Posted: 08 Jul 2011 Last Revised: 19 Jul 2013
Mozaffar Khan, Mozaffar Khan, Leonid Kogan and George Serafeim
University of Minnesota - Twin Cities - Carlson School of ManagementCauseway Capital Management, LLC, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Harvard Business School
Downloads 253 (200,208)
Citation 11

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SEO, Market Timing, Price Impact, Trading Pressure, Mutual Fund

12.

Equilibrium Cross-Section of Returns

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Citation 267

Equilibrium Cross-Section of Returns

U of Pennsylvania, Wharton School Working Paper, Journal of Political Economy, Vol. 111, No. 4, 2003
Number of pages: 71 Posted: 13 Apr 2001 Last Revised: 16 Sep 2009
Joao F. Gomes, Leonid Kogan and Lu Zhang
The Wharton School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Ohio State University - Fisher College of Business
Downloads 787 (52,520)
Citation 9

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General equilibrium, the cross-section of returns, beta, size, book-to-market ratio, firm heterogeneity, business

Equilibrium Cross-Section of Returns

Number of pages: 61 Posted: 14 Sep 2002
Joao F. Gomes, Leonid Kogan and Lu Zhang
The Wharton School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Ohio State University - Fisher College of Business
Downloads 42 (699,357)
Citation 34
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Production based asset pricing, beta, size and book-to-market factors, CAPM, business cycle properties of stock returns

Equilibrium Cross-Section of Returns

MIT Sloan Working Paper No. 4265-02
Posted: 22 Oct 2002
Leonid Kogan, Joao F. Gomes and Lu Zhang
Massachusetts Institute of Technology (MIT) - Sloan School of Management, The Wharton School and Ohio State University - Fisher College of Business

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Asset Pricing, Stock Returns, Book-to-market, Size, Equilibrium, Cross-section, Production, Investment, Business Cycle, Aggregation, Heterogeneity

13.

Winners and Losers: Creative Destruction and the Stock Market

Downloads 763 (55,515)
Citation 11

Winners and Losers: Creative Destruction and the Stock Market

Number of pages: 71 Posted: 23 Dec 2012 Last Revised: 12 Oct 2017
Leonid Kogan, Dimitris Papanikolaou and Noah Stoffman
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 724 (58,752)
Citation 11

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general equilibrium, asset pricing, innovation, risk sharing, technology shocks

Winners and Losers: Creative Destruction and the Stock Market

NBER Working Paper No. w18671
Number of pages: 72 Posted: 05 Jan 2013 Last Revised: 09 Jul 2023
Leonid Kogan, Dimitris Papanikolaou and Noah Stoffman
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance and Indiana University - Kelley School of Business - Department of Finance
Downloads 39 (720,078)
Citation 1

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14.

Durability of Output and Expected Stock Returns

Downloads 757 (56,112)
Citation 79

Durability of Output and Expected Stock Returns

Journal of Political Economy, Vol. 117, No. 5, 2009, AFA 2008 New Orleans Meetings Paper
Number of pages: 63 Posted: 20 Mar 2007 Last Revised: 01 Nov 2009
Joao F. Gomes, Leonid Kogan and Motohiro Yogo
The Wharton School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Princeton University - Department of Economics
Downloads 680 (63,816)

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Cash flow, Durable goods, Factor-mimicking portfolio, Input-output accounts, Stock returns

Durability of Output and Expected Stock Returns

NBER Working Paper No. w12986
Number of pages: 65 Posted: 23 Mar 2007 Last Revised: 26 Dec 2022
Joao F. Gomes, Leonid Kogan and Motohiro Yogo
The Wharton School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Princeton University - Department of Economics
Downloads 77 (518,120)
Citation 11

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15.

Technology, Vintage-Specific Human Capital, and Labor Displacement: Evidence from Linking Patents with Occupations

Downloads 711 (61,019)
Citation 1

Technology, Vintage-Specific Human Capital, and Labor Displacement: Evidence from Linking Patents with Occupations

Number of pages: 89 Posted: 06 May 2020 Last Revised: 29 Aug 2022
Leonid Kogan, Dimitris Papanikolaou, Lawrence Schmidt and Bryan Seegmiller
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance, MIT Sloan School of Management and Northwestern University - Kellogg School of Management
Downloads 697 (61,775)

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Technology, Vintage-Specific Human Capital, and Labor Displacement: Evidence from Linking Patents with Occupations

NBER Working Paper No. w29552
Number of pages: 62 Posted: 13 Dec 2021 Last Revised: 16 Apr 2023
Leonid Kogan, Dimitris Papanikolaou, Lawrence Schmidt and Bryan Seegmiller
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance, MIT Sloan School of Management and Northwestern University - Kellogg School of Management
Downloads 14 (938,303)
Citation 1
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16.

Cross-Firm Return Predictability and Accounting Quality

Number of pages: 47 Posted: 28 Sep 2015 Last Revised: 03 Feb 2016
Wen Chen, Mozaffar Khan, Mozaffar Khan, Leonid Kogan and George Serafeim
City University of Hong Kong (CityU), University of Minnesota - Twin Cities - Carlson School of ManagementCauseway Capital Management, LLC, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Harvard Business School
Downloads 698 (62,531)
Citation 1

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Return predictability, Accounting quality, Information frictions

17.

Catching Up with the Joneses: Heterogeneous Preferences and the Dynamics of Asset Prices

Downloads 689 (63,585)
Citation 192

Catching Up with the Joneses: Heterogeneous Preferences and the Dynamics of Asset Prices

EFA 2001 Barcelona Meetings; The Wharton School, Rodney L. White Center Working Paper No. 014-00
Number of pages: 47 Posted: 08 Nov 2000
Leonid Kogan and Yeung Lewis Chan
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 626 (70,915)
Citation 4

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Catching Up with the Joneses: Heterogeneous Preferences and the Dynamics of Asset Prices

NBER Working Paper No. w8607
Number of pages: 38 Posted: 17 Nov 2001 Last Revised: 10 Jul 2022
Yeung Lewis Chan and Leonid Kogan
Hong Kong University of Science & Technology (HKUST) - Department of Finance and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 63 (579,809)
Citation 30

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Catching Up with the Joneses: Heterogeneous Preferences and the Dynamics of Asset Prices

Posted: 05 Dec 2002
Yeung Lewis Chan and Leonid Kogan
Hong Kong University of Science & Technology (HKUST) - Department of Finance and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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18.

Evaluating Portfolio Policies: A Duality Approach

Downloads 510 (92,746)
Citation 9

Evaluating Portfolio Policies: A Duality Approach

MIT Sloan Working Paper No. 4329-03
Number of pages: 26 Posted: 22 Jul 2003
Martin B. Haugh, Leonid Kogan and Jiang Wang
Imperial College Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 434 (111,278)
Citation 4

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Portfolio Choice, Duality, Dynamic Programming, Constraints, Monte Carlo, Simulation

Evaluating Portfolio Policies: A Duality Approach

NBER Working Paper No. w9861
Number of pages: 26 Posted: 20 Jul 2003 Last Revised: 12 Dec 2022
Martin B. Haugh, Leonid Kogan and Jiang Wang
Imperial College Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 76 (522,143)
Citation 1

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19.

Firm Characteristics and Stock Returns: The Role of Investment-Specific Shocks

Downloads 504 (94,125)
Citation 55

Firm Characteristics and Stock Returns: The Role of Investment-Specific Shocks

Number of pages: 66 Posted: 10 Apr 2012 Last Revised: 09 Nov 2018
Leonid Kogan and Dimitris Papanikolaou
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 460 (103,970)
Citation 57

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stock returns, investment, firm characteristics, predictability, value premium

A Theory of Firm Characteristics and Stock Returns: The Role of Investment-Specific Shocks

NBER Working Paper No. w17975
Number of pages: 69 Posted: 06 Apr 2012 Last Revised: 12 Feb 2023
Leonid Kogan and Dimitris Papanikolaou
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 44 (685,985)

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20.

Growth Opportunities, Technology Shocks and Asset Prices

Journal of Finance, Forthcoming
Number of pages: 52 Posted: 14 Mar 2009 Last Revised: 20 Mar 2013
Leonid Kogan and Dimitris Papanikolaou
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 439 (110,915)
Citation 2

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21.

Non-Redundant Derivatives in a Dynamic General Equilibrium Economy

London Business School Working Paper; EFA 2002 Berlin Meetings Presented Paper, Sauder School of Business Working Paper
Number of pages: 53 Posted: 20 Mar 2002
Harjoat Singh Bhamra, Leonid Kogan and Raman Uppal
Imperial College Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and EDHEC Business School
Downloads 384 (129,483)

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Asset pricing, derivative valuation, portfolio choice, incomplete markets

22.

Firm Characteristics and Empirical Factor Models: A Data-Mining Experiment

FRB International Finance Discussion Paper No. 1070
Number of pages: 52 Posted: 30 May 2017
Leonid Kogan and Mary H. Tian
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Board of Governors of the Federal Reserve System
Downloads 357 (140,443)
Citation 3

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23.

Displacement Risk and Asset Returns

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 50 Posted: 30 Jul 2011
Nicolae Garleanu, Leonid Kogan and Stavros Panageas
University of California, Berkeley - Haas School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of California, Los Angeles (UCLA) - Finance Area
Downloads 353 (142,166)
Citation 47

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consumption-based asset pricing, displacement risk, value premium, equity premium, incomplete markets

24.

Futures Prices in a Production Economy with Investment Constraints

Downloads 346 (145,315)
Citation 37

Futures Prices in a Production Economy with Investment Constraints

Number of pages: 37 Posted: 17 Feb 2004
Leonid Kogan, Dmitry Livdan, Amir Yaron and Amir Yaron
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of California, Berkeley and Bank of IsraelUniversity of Pennsylvania -- Wharton School of Business
Downloads 267 (189,586)
Citation 1

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Futures, investment contraints, production economy, SMM

Futures Prices in a Production Economy with Investment Constraints

NBER Working Paper No. w11509
Number of pages: 48 Posted: 13 Sep 2005 Last Revised: 26 Dec 2022
Leonid Kogan, Dmitry Livdan, Amir Yaron and Amir Yaron
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of California, Berkeley and Bank of IsraelUniversity of Pennsylvania -- Wharton School of Business
Downloads 79 (510,135)
Citation 5

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25.

Technological Innovation and Labor Income Risk

Downloads 341 (147,637)
Citation 2

Technological Innovation and Labor Income Risk

Number of pages: 98 Posted: 25 Jun 2020 Last Revised: 08 Jul 2021
Leonid Kogan, Dimitris Papanikolaou, Lawrence Schmidt and Jae Song
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance, MIT Sloan School of Management and U.S. Social Security Administration
Downloads 288 (175,472)

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Technological Innovation and Labor Income Risk

Number of pages: 98 Posted: 13 Jul 2020 Last Revised: 07 Jun 2021
Leonid Kogan, Dimitris Papanikolaou, Lawrence Schmidt, Jae Song and Boston College Center for Retirement Research
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance, MIT Sloan School of Management, U.S. Social Security Administration and Boston College
Downloads 28 (805,562)

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Technological Innovation and Labor Income Risk

NBER Working Paper No. w26964
Number of pages: 99 Posted: 13 Apr 2020 Last Revised: 06 Mar 2022
Leonid Kogan, Dimitris Papanikolaou, Lawrence Schmidt and Jae Song
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Northwestern University - Kellogg School of Management - Department of Finance, MIT Sloan School of Management and U.S. Social Security Administration
Downloads 25 (831,400)
Citation 2

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26.

The Demographics of Innovation and Asset Returns

Downloads 322 (156,906)
Citation 3

The Demographics of Innovation and Asset Returns

MFI Working Paper No. 2009-08
Number of pages: 52 Posted: 08 Jan 2010 Last Revised: 20 Dec 2013
Nicolae Garleanu, Leonid Kogan and Stavros Panageas
University of California, Berkeley - Haas School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of California, Los Angeles (UCLA) - Finance Area
Downloads 149 (324,450)
Citation 1

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The Demographics of Innovation and Asset Returns

Number of pages: 52 Posted: 22 Oct 2009 Last Revised: 29 Mar 2011
Nicolae Garleanu, Leonid Kogan and Stavros Panageas
University of California, Berkeley - Haas School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of California, Los Angeles (UCLA) - Finance Area
Downloads 128 (365,832)
Citation 1

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Asset Pricing, Equity Premium, Value Premium, Intergenerational Risk, Innovation, Displacement Risk

The Demographics of Innovation and Asset Returns

NBER Working Paper No. w15457
Number of pages: 52 Posted: 03 Nov 2009 Last Revised: 27 Mar 2023
Nicolae Garleanu, Leonid Kogan and Stavros Panageas
University of California, Berkeley - Haas School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of California, Los Angeles (UCLA) - Finance Area
Downloads 45 (679,755)
Citation 2

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27.

Operating Hedge and Gross Profitability Premium

Downloads 298 (170,207)
Citation 1

Operating Hedge and Gross Profitability Premium

Journal of Finance, forthcoming
Number of pages: 50 Posted: 25 Oct 2021 Last Revised: 16 Mar 2023
Leonid Kogan, Jun Li and Harold H. Zhang
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Texas at Dallas and University of Texas at Dallas - Naveen Jindal School of Management
Downloads 292 (172,896)

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Variable costs, operating hedge, gross profitability premium, value premium, asset pricing, CAPM, growth opportunities, anomalies

Operating Hedge and Gross Profitability Premium

NBER Working Paper No. w30241
Number of pages: 48 Posted: 18 Jul 2022 Last Revised: 14 Apr 2023
Leonid Kogan, Jun Li and Harlod Zhang
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Texas at Dallas and University of Texas at Dallas
Downloads 6 (1,018,885)
Citation 1
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28.

Asset Growth Effect and Q Theory of Investment

Number of pages: 40 Posted: 04 Dec 2020
Leonid Kogan, Jun Li and Xiaotuo Qiao
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Texas at Dallas and Zhongnan University of Economics and Law
Downloads 281 (180,996)
Citation 1

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Asset growth effect, asset imbalance, q theory of investment

29.

Online Appendix for 'Common Fund Flows: Flow Hedging and Factor Pricing'

Number of pages: 90 Posted: 19 Nov 2020 Last Revised: 01 Jul 2022
Winston Wei Dou, Leonid Kogan and Wei Wu
The Wharton School, University of Pennsylvania, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Texas A&M University
Downloads 157 (310,112)
Citation 1

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Mutual fund flows, Factor models, Heterogeneous agents, Financial intermediaries, Price impact, Uncertainty.

30.

Pricing and Hedging Derivative Securities in Incomplete Markets: An E-Aritrage Model

NBER Working Paper No. w6250
Number of pages: 64 Posted: 16 Jul 2000 Last Revised: 03 Apr 2022
Dimitris Bertsimas, Leonid Kogan and Andrew W. Lo
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Laboratory for Financial Engineering
Downloads 153 (317,019)

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31.

Economics of Proof-of-Stake Payment Systems

MIT Sloan Research Paper No. 5845-19, 2021
Number of pages: 37 Posted: 10 Jan 2023
Leonid Kogan, Giulia Fanti and Pramod Viswanath
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Illinois at Urbana-Champaign - Department of Electrical and Computer Engineering and University of Illinois at Urbana-Champaign
Downloads 115 (394,460)

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32.

Near-Rational Equilibria in Heterogeneous-Agent Models: A Verification Method

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Near-Rational Equilibria in Heterogeneous-Agent Models: A Verification Method

Number of pages: 49 Posted: 07 Oct 2019 Last Revised: 19 May 2022
Leonid Kogan and Indrajit Mitra
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Banks - Federal Reserve Bank of Atlanta
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Heterogenous Agent Economies, Equilibrium Solution, Heuristic Methods

Near-Rational Equilibria in Heterogeneous-Agent Models: A Verification Method

FRB Atlanta Working Paper No. 2021-16
Number of pages: 40 Posted: 13 Jul 2021
Leonid Kogan and Indrajit Mitra
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Banks - Federal Reserve Bank of Atlanta
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numerical solutions, accuracy, approximations, simulations

Near-Rational Equilibria in Heterogeneous-Agent Models: A Verification Method

NBER Working Paper No. w30111
Number of pages: 50 Posted: 06 Jun 2022 Last Revised: 14 Apr 2023
Leonid Kogan and Indrajit Mitra
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Federal Reserve Banks - Federal Reserve Bank of Atlanta
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33.

Online Appendix for 'Measuring the 'Dark Matter' in Asset Pricing Models'

Number of pages: 45 Posted: 21 Oct 2019 Last Revised: 25 Jan 2022
Hui Chen, Winston Wei Dou and Leonid Kogan
Massachusetts Institute of Technology, The Wharton School, University of Pennsylvania and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 101 (432,794)
Citation 13

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Fragile beliefs, Unstable models, Misspecification and robustness, Out-of-sample fit, Semiparametric information bounds.

34.

Growth Opportunities, Technology Shocks, and Asset Prices

NBER Working Paper No. w17795
Number of pages: 57 Posted: 27 Jan 2012 Last Revised: 15 Feb 2023
Leonid Kogan and Dimitris Papanikolaou
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Northwestern University - Kellogg School of Management - Department of Finance
Downloads 72 (531,952)
Citation 19

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35.

Fund Flows and Income Risk of Fund Managers

Number of pages: 38 Posted: 18 Sep 2023
Xiao Cen, Winston Wei Dou, Leonid Kogan and Wei Wu
Mays Business School, Texas A&M University, The Wharton School, University of Pennsylvania, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Texas A&M University
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Fund managers, Manager compensation, Career concerns, Mutual fund flows, Fund performance.

36.

Technological Innovation, Intangible Capital, and Asset Prices

Annual Review of Financial Economics, Vol. 11, pp. 221-242, 2019
Posted: 12 Jan 2020
Leonid Kogan and Dimitris Papanikolaou
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Northwestern University - Kellogg School of Management - Department of Finance

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37.

Economic Activity of Firms and Asset Prices

Annual Review of Financial Economics, Vol. 4, pp. 361-384, 2012
Posted: 04 Nov 2012
Leonid Kogan and Dimitris Papanikolaou
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Northwestern University - Kellogg School of Management - Department of Finance

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38.

Asset Prices and Real Investment

Posted: 13 Jan 2004
Leonid Kogan
Massachusetts Institute of Technology (MIT) - Sloan School of Management

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Investment, Irreversibility, General equilibrium, Leverage effect, book-to-market

Other Papers (1)

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1.

The Demographics of Innovation and Asset Returns

Posted: 17 Aug 2008
Nicolae Garleanu, Leonid Kogan and Stavros Panageas
University of California, Berkeley - Haas School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of California, Los Angeles (UCLA) - Finance Area

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