Joao F. Gomes

The Wharton School

Howard Butcher III Professor of Finance

2329 SH-DH

3620 Locust Walk

Philadelphia, PA 19104

United States

http://fnce.wharton.upenn.edu/profile/gomesj/

SCHOLARLY PAPERS

23

DOWNLOADS
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10,654

SSRN CITATIONS
Rank 769

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Top 769

in Total Papers Citations

704

CROSSREF CITATIONS

1,134

Scholarly Papers (23)

1.
Downloads 1,172 (32,937)
Citation 17

Equilibrium Credit Spreads and the Macroeconomy

AFA 2010 Atlanta Meetings Paper
Number of pages: 46 Posted: 18 Mar 2009 Last Revised: 15 Jun 2011
Joao F. Gomes and Lukas Schmid
The Wharton School and University of Southern California - Marshall School of Business
Downloads 584 (83,139)
Citation 23

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Credit Spreads, Capital Structure, Equity Premium, Predictability, General Equilibrium

Equilibrium Credit Spreads and the Macroeconomy

The Wharton School Research Paper No. 42
Number of pages: 46 Posted: 06 Jun 2012
Joao F. Gomes and Lukas Schmid
The Wharton School and University of Southern California - Marshall School of Business
Downloads 352 (151,851)

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Equilibrium Credit Spreads and the Macroeconomy

Number of pages: 33 Posted: 18 Feb 2009
Joao F. Gomes and Lukas Schmid
The Wharton School and University of Southern California - Marshall School of Business
Downloads 236 (230,152)
Citation 3

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Credit Spreads, Capital Structure, Equity Premium, Preictability, General Equilibrium

2.
Downloads 854 (51,426)
Citation 272

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 812 (54,208)
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 (754,904)
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

3.

Understanding the Behavior of Distressed Stocks

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 67 Posted: 13 Jun 2017 Last Revised: 11 Aug 2020
Yasser Boualam, Joao F. Gomes and Colin Ward
University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School, The Wharton School and University of Minnesota - Carlson School of Management
Downloads 845 (52,167)
Citation 1

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Distress Anomaly, Asset Pricing, Endogenous Default, Nonlinear Estimation

4.
Downloads 766 (59,521)
Citation 81

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 685 (67,897)

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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 81 (542,539)
Citation 11

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5.
Downloads 758 (60,376)
Citation 1

Foreseen Risks

Number of pages: 71 Posted: 12 Jan 2018 Last Revised: 15 Jul 2023
Joao F. Gomes, Marco Grotteria and Jessica A. Wachter
The Wharton School, London Business School and University of Pennsylvania - Finance Department
Downloads 729 (62,680)

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Credit Bubbles, Financial intermediaries, Financial Crises, Risk Shifting

Foreseen Risks

NBER Working Paper No. w25277
Number of pages: 66 Posted: 19 Nov 2018 Last Revised: 25 Jan 2023
Joao F. Gomes, Marco Grotteria and Jessica A. Wachter
The Wharton School, London Business School and University of Pennsylvania - Finance Department
Downloads 29 (858,817)
Citation 1

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6.

Investment without Q

AFA 2013 San Diego Meetings Paper
Number of pages: 32 Posted: 20 Mar 2012 Last Revised: 28 Oct 2019
Vito D. Gala and Joao F. Gomes
Morningstar Investment Management LLC and The Wharton School
Downloads 728 (63,735)
Citation 7

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Corporate Investment, Firm Decisions, Indirect Inference

7.
Downloads 701 (66,854)
Citation 17

Cyclical Dispersion in Expected Defaults

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 61 Posted: 10 Apr 2017 Last Revised: 11 Aug 2020
Joao F. Gomes, Marco Grotteria and Jessica A. Wachter
The Wharton School, London Business School and University of Pennsylvania - Finance Department
Downloads 661 (71,081)
Citation 2

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Expected Default, Bond Issuance, Business Cycles, Disaster Risk

Cyclical Dispersion in Expected Defaults

NBER Working Paper No. w23704
Number of pages: 51 Posted: 21 Aug 2017 Last Revised: 09 Apr 2023
Joao F. Gomes, Marco Grotteria and Jessica A. Wachter
The Wharton School, London Business School and University of Pennsylvania - Finance Department
Downloads 40 (769,713)

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8.
Downloads 676 (70,041)
Citation 1

Optimal Diversification

Number of pages: 31 Posted: 30 Nov 2002
Joao F. Gomes and Dmitry Livdan
The Wharton School and University of California, Berkeley
Downloads 650 (72,672)
Citation 3

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Optimal Diversification

Number of pages: 33 Posted: 04 Sep 2002
Joao F. Gomes and Dmitry Livdan
The Wharton School and University of California, Berkeley
Downloads 26 (885,720)
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Diversification discount, size, corporate strategy, total factor productivity, diversification

Asset Pricing Implications of Firms' Financing Constraints

Simon Business School Working Paper No. 03-21; AFA 2003 Washington, DC Meetings; Twelfth Annual Utah Winter Finance Conference
Number of pages: 58 Posted: 17 Oct 2002
Joao F. Gomes, Amir Yaron, Amir Yaron and Lu Zhang
The Wharton School, Bank of IsraelUniversity of Pennsylvania -- Wharton School of Business and Ohio State University - Fisher College of Business
Downloads 361 (147,715)

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Asset Pricing Implications of Firms' Financing Constraints

Review of Financial Studies, August 2005
Number of pages: 43 Posted: 06 Dec 2005
Joao F. Gomes, Amir Yaron, Amir Yaron and Lu Zhang
The Wharton School, Bank of IsraelUniversity of Pennsylvania -- Wharton School of Business and Ohio State University - Fisher College of Business
Downloads 168 (314,534)

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Financing constraints, production-based asset pricing, structural estimation, cyclicality, the cross-section of returns

Asset Pricing Implications of Firms' Financing Constraints

NBER Working Paper No. w9365
Number of pages: 58 Posted: 06 Dec 2002 Last Revised: 05 Aug 2022
Joao F. Gomes, Amir Yaron, Amir Yaron and Lu Zhang
The Wharton School, Bank of IsraelUniversity of Pennsylvania -- Wharton School of Business and Ohio State University - Fisher College of Business
Downloads 64 (620,497)
Citation 8

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Asset Pricing Implications of Firms' Financing Constraints

Number of pages: 46 Posted: 20 Sep 2002
Joao F. Gomes, Amir Yaron, Amir Yaron and Lu Zhang
The Wharton School, Bank of IsraelUniversity of Pennsylvania -- Wharton School of Business and Ohio State University - Fisher College of Business
Downloads 25 (894,966)
Citation 8
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Production based asset pricing, financing constraints, financing premium

Asset Pricing Implications of Firms' Financing Constraints

The Review of Financial Studies, Vol. 19, Issue 4, pp. 1321-1356, 2006
Posted: 29 Feb 2008
Joao F. Gomes, Amir Yaron, Amir Yaron and Lu Zhang
The Wharton School, Bank of IsraelUniversity of Pennsylvania -- Wharton School of Business and University of Rochester

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10.

Financing Investment

American Economic Review, Vol. 91, No. 5, 2001
Number of pages: 69 Posted: 27 Jun 2011
Joao F. Gomes
The Wharton School
Downloads 548 (91,227)
Citation 96

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investment, financing constraints, cash flow, Q theory, firm distribution

11.

Levered Returns

Number of pages: 45 Posted: 02 Mar 2007
Joao F. Gomes and Lukas Schmid
The Wharton School and University of Southern California - Marshall School of Business
Downloads 453 (114,835)
Citation 69

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Cross-section of Returns, Growth Options, Financing, Leverage, Capital Structure

12.

Monetary Policy and Financial Stability

Number of pages: 36 Posted: 28 Mar 2023 Last Revised: 18 Jan 2024
Joao F. Gomes and Sergey Sarkisyan
The Wharton School and The Wharton School, University of Pennsylvania
Downloads 395 (134,628)

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Credit spreads, monetary policy rules, financial stability

13.

Investment without Q

The Wharton School Research Paper No. 41
Number of pages: 31 Posted: 24 Jul 2013 Last Revised: 28 Oct 2019
Vito D. Gala and Joao F. Gomes
Morningstar Investment Management LLC and The Wharton School
Downloads 369 (145,279)
Citation 5

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Corporate Investment, Firm Decisions, Indirect Inference

Asset Prices and Business Cycles with Costly External Finance

Simon School of Business Working Paper No. FR 02-18
Number of pages: 34 Posted: 28 Dec 2002
Joao F. Gomes, Amir Yaron, Amir Yaron and Lu Zhang
The Wharton School, Bank of IsraelUniversity of Pennsylvania -- Wharton School of Business and Ohio State University - Fisher College of Business
Downloads 242 (224,482)

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Costly External Finance, Business Cycles, Default Premium

Asset Prices and Business Cycles with Costly External Finance

NBER Working Paper No. w9364
Number of pages: 34 Posted: 06 Dec 2002 Last Revised: 04 Aug 2022
Joao F. Gomes, Amir Yaron, Amir Yaron and Lu Zhang
The Wharton School, Bank of IsraelUniversity of Pennsylvania -- Wharton School of Business and Ohio State University - Fisher College of Business
Downloads 63 (625,701)
Citation 30

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Asset Prices and Business Cycles with Costly External Finance

Number of pages: 36 Posted: 06 Aug 2003
Joao F. Gomes, Amir Yaron, Amir Yaron and Lu Zhang
The Wharton School, Bank of IsraelUniversity of Pennsylvania -- Wharton School of Business and Ohio State University - Fisher College of Business
Downloads 21 (933,913)
Citation 8
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Financial accelerator, business cycles, asset prices

15.

Marginal q

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 52 Posted: 07 Apr 2020 Last Revised: 10 May 2023
Vito D. Gala, Joao F. Gomes and Tong Liu
Morningstar Investment Management LLC, The Wharton School and MIT Sloan School of Management
Downloads 308 (176,531)
Citation 1

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Corporate investment, firm decisions, value of capital, marginal q, Tobin Q

16.

Sticky Leverage

The Wharton School Research Paper No. 52
Number of pages: 44 Posted: 29 May 2013 Last Revised: 11 May 2016
Joao F. Gomes, Urban J. Jermann and Lukas Schmid
The Wharton School, University of Pennsylvania - Finance Department and University of Southern California - Marshall School of Business
Downloads 287 (190,032)
Citation 71

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Debt deflation, debt overhang, monetary non-neutrality

17.

Leverage Risk and Investment: The Case of Gold Clauses in the 1930s

Number of pages: 50 Posted: 19 Mar 2019 Last Revised: 02 Feb 2020
Joao F. Gomes, Mete Kilic and Sebastien Plante
The Wharton School, University of Southern California - Marshall School of Business and University of Wisconsin - Madison
Downloads 256 (213,311)
Citation 1

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Great Depression, investment, debt overhang, indexed bonds, leverage risk

18.

Equilibrium Asset Pricing with Leverage and Default

The Wharton School Research Paper No. 92, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper, Journal of Finance, Forthcoming
Number of pages: 59 Posted: 10 May 2016 Last Revised: 03 Dec 2020
Joao F. Gomes and Lukas Schmid
The Wharton School and University of Southern California - Marshall School of Business
Downloads 202 (267,290)
Citation 11

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19.
Downloads 160 (328,176)
Citation 63

Learning-by-Doing as a Propagation Mechanism

Number of pages: 46 Posted: 27 Jul 2001
Yongsung Chang, Joao F. Gomes and Frank Schorfheide
University of Rochester - Department of Economics, The Wharton School and University of Pennsylvania - Department of Economics
Downloads 136 (374,925)
Citation 2

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Business-Cycle Fluctuations, Econometric Model Evaluation, Learning-by-Doing, Propagation of Shocks

Learning-by-Doing as a Propagation Mechanism

Number of pages: 60 Posted: 22 Nov 2002
Yongsung Chang, Joao F. Gomes and Frank Schorfheide
University of Rochester - Department of Economics, The Wharton School and University of Pennsylvania - Department of Economics
Downloads 24 (904,409)
Citation 10
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Learning by doing, business cycles, propagation, labour supply

20.

Oligopoly Dynamics With Financial Frictions

Number of pages: 83 Posted: 22 Nov 2022
Ulrich Doraszelski, Joao F. Gomes and Felix Nockher
University of Pennsylvania - The Wharton School, The Wharton School and University of Pennsylvania - The Wharton School
Downloads 116 (422,064)

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Price and investment competition, financial frictions, industry dynamics

21.

Equilibrium Unemployment

NBER Working Paper No. w5922
Number of pages: 44 Posted: 18 Aug 2000 Last Revised: 09 Mar 2022
Joao F. Gomes, Jeremy Greenwood and Sergio T. Rebelo
The Wharton School, University of Pennsylvania - Department of Economics and Northwestern University - Kellogg School of Management
Downloads 76 (556,579)
Citation 10

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22.

The Performance of Optimally Diversified Firms: Reconciling Theory and Evidence

Number of pages: 32 Posted: 23 Oct 2002
Joao F. Gomes and Dmitry Livdan
The Wharton School and University of California, Berkeley
Downloads 21 (904,639)
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firm diversification, Tobin's Q, diversification discount, total factor productivity

Dynamic Strategic Corporate Finance: A Tug of War with Financial Frictions

NBER Working Paper No. w29310
Number of pages: 47 Posted: 27 Sep 2021 Last Revised: 16 Apr 2023
Ulrich Doraszelski, Joao F. Gomes and Felix Nockher
University of Pennsylvania - The Wharton School, The Wharton School and University of Pennsylvania - The Wharton School
Downloads 18 (964,957)

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Dynamic Strategic Corporate Finance: A Tug of War with Financial Frictions

CEPR Discussion Paper No. DP16567
Number of pages: 73 Posted: 22 Sep 2021 Last Revised: 09 Nov 2021
Ulrich Doraszelski, Joao F. Gomes and Felix Nockher
University of Pennsylvania - The Wharton School, The Wharton School and University of Pennsylvania - The Wharton School
Downloads 1 (1,131,486)
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Financial Frictions, industry dynamics, Price and investment competition