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/

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    • Tel: 215-898-3666
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SCHOLARLY PAPERS

19

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CITATIONS
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736

Scholarly Papers (19)

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1.

Equilibrium Credit Spreads and the Macroeconomy

Downloads 992 ( 21,719)
Citation 21

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 Duke University - The Fuqua School of Business
Downloads 533 (50,141)
Citation 20

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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 Duke University - The Fuqua School of Business
Downloads 245 (123,535)

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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 Duke University - The Fuqua School of Business
Downloads 214 (141,337)
Citation 4

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

2.

Equilibrium Cross-Section of Returns

Downloads 752 ( 32,195)
Citation 183

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, 张橹
The Wharton School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Ohio State University - Fisher College of Business
Downloads 710 (34,269)
Citation 7

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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

CEPR Discussion Paper No. 3482
Number of pages: 61 Posted: 14 Sep 2002
Joao F. Gomes, Leonid Kogan and Lu Zhang, 张橹
The Wharton School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Ohio State University - Fisher College of Business
Downloads 42 (422,934)
Citation 10
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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, 张橹
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.

Durability of Output and Expected Stock Returns

Downloads 713 ( 34,586)
Citation 48

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 653 (38,338)

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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: 27 Jun 2010
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 60 (359,688)
Citation 1

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4.

Investment without Q

AFA 2013 San Diego Meetings Paper
Number of pages: 32 Posted: 20 Mar 2012 Last Revised: 10 May 2016
Vito Gala and Joao F. Gomes
The Wharton School, University of Pennsylvania and The Wharton School
Downloads 689 (36,276)
Citation 3

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Corporate Investment, Firm Decisions, Indirect Inference

5.

Optimal Diversification

Downloads 651 ( 39,064)

Optimal Diversification

AFA 2003 Washington, DC Meetings
Number of pages: 31 Posted: 30 Nov 2002
Joao F. Gomes and Dmitry Livdan
The Wharton School and University of California, Berkeley
Downloads 625 (40,708)
Citation 1

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Optimal Diversification

CEPR Discussion Paper No. 3461
Number of pages: 33 Posted: 04 Sep 2002
Joao F. Gomes and Dmitry Livdan
The Wharton School and University of California, Berkeley
Downloads 26 (499,512)
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Diversification discount, size, corporate strategy, total factor productivity, diversification

6.

Cyclical Dispersion in Expected Defaults

Downloads 590 ( 44,609)
Citation 4

Cyclical Dispersion in Expected Defaults

Number of pages: 61 Posted: 10 Apr 2017 Last Revised: 17 Mar 2018
Joao F. Gomes, Marco Grotteria and Jessica A. Wachter
The Wharton School, University of Pennsylvania, The Wharton School and University of Pennsylvania - Finance Department
Downloads 576 (45,374)

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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
Joao F. Gomes, Marco Grotteria and Jessica A. Wachter
The Wharton School, University of Pennsylvania, The Wharton School and University of Pennsylvania - Finance Department
Downloads 14 (576,239)

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7.

Asset Pricing Implications of Firms' Financing Constraints

Downloads 495 ( 55,727)
Citation 42

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 and Lu Zhang, 张橹
The Wharton School, University of Pennsylvania -- Wharton School of Business and Ohio State University - Fisher College of Business
Downloads 320 (92,797)
Citation 1

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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 and Lu Zhang, 张橹
The Wharton School, University of Pennsylvania -- Wharton School of Business and Ohio State University - Fisher College of Business
Downloads 124 (227,069)

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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: 30 Oct 2010
Joao F. Gomes, Amir Yaron and Lu Zhang, 张橹
The Wharton School, University of Pennsylvania -- Wharton School of Business and Ohio State University - Fisher College of Business
Downloads 26 (499,512)

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Asset Pricing Implications of Firms' Financing Constraints

CEPR Discussion Paper No. 3495
Number of pages: 46 Posted: 20 Sep 2002
Joao F. Gomes, Amir Yaron and Lu Zhang, 张橹
The Wharton School, University of Pennsylvania -- Wharton School of Business and Ohio State University - Fisher College of Business
Downloads 25 (505,534)
Citation 1
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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 and Lu Zhang
The Wharton School, University of Pennsylvania -- Wharton School of Business and University of Rochester

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8.

Foreseen Risks

Downloads 414 ( 69,414)

Foreseen Risks

Number of pages: 65 Posted: 12 Jan 2018 Last Revised: 10 Jul 2019
Joao F. Gomes, Marco Grotteria and Jessica A. Wachter
The Wharton School, University of Pennsylvania, The Wharton School and University of Pennsylvania - Finance Department
Downloads 405 (70,684)

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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
Joao F. Gomes, Marco Grotteria and Jessica A. Wachter
The Wharton School, University of Pennsylvania, The Wharton School and University of Pennsylvania - Finance Department
Downloads 9 (610,522)
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9.

Levered Returns

Number of pages: 45 Posted: 02 Mar 2007
Joao F. Gomes and Lukas Schmid
The Wharton School and Duke University - The Fuqua School of Business
Downloads 387 (75,217)
Citation 3

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

10.

Understanding the Behavior of Distressed Stocks

Number of pages: 54 Posted: 13 Jun 2017 Last Revised: 23 Feb 2019
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 366 (80,247)
Citation 1

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Distress Anomaly, Asset Pricing, Endogenous Default, Nonlinear Estimation

11.

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 356 (82,820)
Citation 11

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

12.

Investment without Q

The Wharton School Research Paper No. 41
Number of pages: 31 Posted: 24 Jul 2013 Last Revised: 10 May 2016
Vito Gala and Joao F. Gomes
The Wharton School, University of Pennsylvania and The Wharton School
Downloads 313 (95,703)

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Corporate Investment, Firm Decisions, Indirect Inference

13.

Asset Prices and Business Cycles with Costly External Finance

Downloads 266 (113,948)
Citation 34

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 and Lu Zhang, 张橹
The Wharton School, University of Pennsylvania -- Wharton School of Business and Ohio State University - Fisher College of Business
Downloads 212 (142,608)

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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: 30 Oct 2010
Joao F. Gomes, Amir Yaron and Lu Zhang, 张橹
The Wharton School, University of Pennsylvania -- Wharton School of Business and Ohio State University - Fisher College of Business
Downloads 33 (462,102)

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Asset Prices and Business Cycles with Costly External Finance

CEPR Discussion Paper No. 3927
Number of pages: 36 Posted: 06 Aug 2003
Joao F. Gomes, Amir Yaron and Lu Zhang, 张橹
The Wharton School, University of Pennsylvania -- Wharton School of Business and Ohio State University - Fisher College of Business
Downloads 21 (530,732)
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Financial accelerator, business cycles, asset prices

14.

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 Duke University - The Fuqua School of Business
Downloads 243 (125,078)
Citation 2

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Debt deflation, debt overhang, monetary non-neutrality

15.

Learning-by-Doing as a Propagation Mechanism

Downloads 130 (218,173)
Citation 45

Learning-by-Doing as a Propagation Mechanism

PIER Working Paper No. 01-023
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 106 (254,799)
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

CEPR Discussion Paper No. 3599
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 (511,710)
Citation 1
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Learning by doing, business cycles, propagation, labour supply

16.

Equilibrium Asset Pricing with Leverage and Default

The Wharton School Research Paper No. 92
Number of pages: 57 Posted: 10 May 2016
Joao F. Gomes
The Wharton School
Downloads 92 (278,345)

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17.

Equilibrium Unemployment

NBER Working Paper No. w5922
Number of pages: 44 Posted: 18 Aug 2000 Last Revised: 05 Oct 2010
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 50 (386,259)
Citation 6

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18.

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

Number of pages: 43 Posted: 19 Mar 2019
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 45 (403,590)

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

19.

The Performance of Optimally Diversified Firms: Reconciling Theory and Evidence

CEPR Discussion Paper No. 3546
Number of pages: 32 Posted: 23 Oct 2002
Joao F. Gomes and Dmitry Livdan
The Wharton School and University of California, Berkeley
Downloads 21 (513,421)
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firm diversification, Tobin's Q, diversification discount, total factor productivity