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

18

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7,041

CITATIONS
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Top 907

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589

Scholarly Papers (18)

1.
Downloads 957 ( 21,195)
Citation 12

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 530 (46,953)
Citation 12

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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 220 (128,685)
Citation 12

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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 207 (136,461)
Citation 12

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

2.
Downloads 748 ( 30,095)
Citation 179

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 706 (32,051)
Citation 179

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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 (397,405)
Citation 179
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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.
Downloads 701 ( 32,861)
Citation 33

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 645 (36,248)
Citation 33

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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 56 (349,743)
Citation 33

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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 687 (33,804)
Citation 1

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Corporate Investment, Firm Decisions, Indirect Inference

5.
Downloads 649 ( 36,497)
Citation 11

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 623 (37,970)
Citation 11

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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 (469,719)
Citation 11
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Diversification discount, size, corporate strategy, total factor productivity, diversification

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 528 (47,158)

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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 11 (560,820)
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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 316 (87,796)
Citation 47

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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 120 (218,370)
Citation 47

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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 25 (475,432)
Citation 47

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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 (475,432)
Citation 47
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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.

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 375 (72,620)
Citation 39

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

9.

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 306 (91,516)
Citation 180

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

10.

Understanding the Behavior of Distressed Stocks

Number of pages: 44 Posted: 13 Jun 2017 Last Revised: 22 Dec 2017
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 302 (92,895)
Citation 1

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Distress Anomaly, Asset Pricing, Bias, Nonlinear Estimation

11.

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 293 (96,060)

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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 and Lu Zhang, 张橹
The Wharton School, University of Pennsylvania -- Wharton School of Business and Ohio State University - Fisher College of Business
Downloads 208 (135,801)
Citation 21

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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 32 (439,046)
Citation 21

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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 (499,325)
Citation 21
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Financial accelerator, business cycles, asset prices

13.

Foreseen Risks

Number of pages: 52 Posted: 12 Jan 2018 Last Revised: 24 Sep 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 242 (117,398)

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Credit Bubbles, Financial intermediaries, Financial Crises, Risk Shifting

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 228 (124,640)

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Debt deflation, debt overhang, monetary non-neutrality

15.
Downloads 122 (214,684)
Citation 29

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 - The Ronald O. Perelman Center for Political Science and Economics (PCPSE)
Downloads 98 (252,729)
Citation 29

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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 - The Ronald O. Perelman Center for Political Science and Economics (PCPSE)
Downloads 24 (481,310)
Citation 29
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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 78 (289,309)

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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 - The Ronald O. Perelman Center for Political Science and Economics (PCPSE) and Northwestern University - Kellogg School of Management
Downloads 46 (376,062)
Citation 29

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18.

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 (483,338)
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firm diversification, Tobin's Q, diversification discount, total factor productivity