Lorenzo Garlappi

University of British Columbia (UBC) - Sauder School of Business

2053 Main Mall

Vancouver, BC V6T 1Z2

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SCHOLARLY PAPERS

30

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19,369

SSRN CITATIONS
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Top 1,378

in Total Papers Citations

733

CROSSREF CITATIONS

504

Scholarly Papers (30)

1.
Downloads 4,545 ( 4,171)
Citation 11

1/N

EFA 2006 Zurich Meetings
Number of pages: 54 Posted: 23 Jun 2006
Victor DeMiguel, Lorenzo Garlappi and Raman Uppal
London Business School, University of British Columbia (UBC) - Sauder School of Business and EDHEC Business School
Downloads 3,026 (7,963)
Citation 9

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Portfolio choice, asset allocation, investment management

How Inefficient are Simple Asset-Allocation Strategies?

Number of pages: 77 Posted: 03 Mar 2005
Lorenzo Garlappi, Victor DeMiguel and Raman Uppal
University of British Columbia (UBC) - Sauder School of Business, London Business School and EDHEC Business School
Downloads 1,519 (23,565)
Citation 5

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Portfolio choice, asset allocation, investment management

2.

The Troves of Academe: Asset Allocation, Risk Budgeting, and the Investment Performance of University Endowment Funds

McCombs Research Paper Series No. FIN-03-07
Number of pages: 58 Posted: 23 Apr 2007 Last Revised: 14 Jul 2008
Keith C. Brown, Cristian Ioan Tiu and Lorenzo Garlappi
University of Texas at Austin - Department of Finance, University at Buffalo and University of British Columbia (UBC) - Sauder School of Business
Downloads 1,947 (16,283)
Citation 4

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Endowment funds, Asset allocation, Return attribution, Investment performance

3.

Does Climate Change Affect Real Estate Prices? Only If You Believe in It

Number of pages: 55 Posted: 11 Sep 2018 Last Revised: 04 Sep 2019
Markus Baldauf, Lorenzo Garlappi and Constantine Yannelis
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of Chicago
Downloads 1,927 (16,540)
Citation 236

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Heterogeneous beliefs, climate change, real estate prices

4.

Financial Distress and the Cross Section of Equity Returns

Journal of Finance, Forthcoming
Number of pages: 74 Posted: 21 Mar 2007 Last Revised: 25 Jun 2010
Lorenzo Garlappi and Hong Yan
University of British Columbia (UBC) - Sauder School of Business and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 1,746 (19,343)
Citation 70

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Financial distress, value premium, momentum, growth options

Portfolio Selection with Parameter and Model Uncertainty: A Multi-Prior Approach

EFA 2005 Moscow Meetings Paper, Sauder School of Business Working Paper
Number of pages: 52 Posted: 24 Feb 2005
Lorenzo Garlappi, Tan Wang and Raman Uppal
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Division of Finance and EDHEC Business School
Downloads 978 (44,693)
Citation 10

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Portfolio choice, asset allocation, estimation

Portfolio Selection with Parameter and Model Uncertainty: A Multi-Prior Approach

CEPR Discussion Paper No. 5148
Number of pages: 47 Posted: 17 Aug 2005
Lorenzo Garlappi, Tan Wang and Raman Uppal
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Division of Finance and EDHEC Business School
Downloads 24 (961,922)
Citation 84
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Portfolio choice, asset allocation, estimation error, uncertainty, ambiguity, robustness

Portfolio Selection with Parameter and Model Uncertainty: A Multi-Prior Approach

The Review of Financial Studies, Vol. 20, Issue 1, pp. 41-81, 2007
Posted: 29 Feb 2008
Lorenzo Garlappi, Tan Wang and Raman Uppal
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Division of Finance and EDHEC Business School

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Keynes Meets Markowitz: The Tradeoff Between Familiarity and Diversification

AFA 2010 Atlanta Meetings Paper
Number of pages: 44 Posted: 19 Mar 2009 Last Revised: 16 Sep 2009
Phelim P. Boyle, Lorenzo Garlappi, Raman Uppal and Tan Wang
Wilfrid Laurier University - School of Business & Economics, University of British Columbia (UBC) - Sauder School of Business, EDHEC Business School and University of British Columbia (UBC) - Division of Finance
Downloads 586 (88,094)
Citation 10

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Investment, portfolio choice, ambiguity, robust control

Keynes Meets Markowitz: The Tradeoff between Familiarity and Diversification

EFA 2009 Bergen Meetings Paper
Number of pages: 44 Posted: 16 Feb 2009 Last Revised: 16 Sep 2009
Phelim P. Boyle, Lorenzo Garlappi, Raman Uppal and Tan Wang
Wilfrid Laurier University - School of Business & Economics, University of British Columbia (UBC) - Sauder School of Business, EDHEC Business School and University of British Columbia (UBC) - Division of Finance
Downloads 405 (137,866)
Citation 10

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Investment, portfolio choice, ambiguity, robust control

Keynes Meets Markowitz: The Trade-Off between Familiarity and Diversification

CEPR Discussion Paper No. DP7687
Number of pages: 45 Posted: 01 Mar 2010
Phelim P. Boyle, Lorenzo Garlappi, Raman Uppal and Tan Wang
Wilfrid Laurier University - School of Business & Economics, University of British Columbia (UBC) - Sauder School of Business, EDHEC Business School and University of British Columbia (UBC) - Division of Finance
Downloads 7 (1,148,663)
Citation 8
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ambiguity, diversification, investment, portfolio choice, robust control

7.
Downloads 667 (75,804)
Citation 44

Monetary Policy and Reaching for Income

Journal of Finance, Forthcoming
Number of pages: 59 Posted: 16 Aug 2018 Last Revised: 17 Aug 2020
Kent D. Daniel, Lorenzo Garlappi and Kairong Xiao
Columbia University - Columbia Business School, Finance, University of British Columbia (UBC) - Sauder School of Business and Columbia University - Columbia Business School
Downloads 633 (79,821)

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reaching for income, monetary policy

Monetary Policy and Reaching for Income

NBER Working Paper No. w25344
Number of pages: 67 Posted: 11 Dec 2018 Last Revised: 02 Apr 2023
Kent D. Daniel, Lorenzo Garlappi and Kairong Xiao
Columbia University - Columbia Business School, Finance, University of British Columbia (UBC) - Sauder School of Business and Columbia University - Columbia Business School
Downloads 34 (867,546)
Citation 4

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8.
Downloads 615 (83,865)
Citation 15

Debt Dynamics with Fixed Issuance Costs

Number of pages: 76 Posted: 25 Sep 2019 Last Revised: 15 Jul 2022
Luca Benzoni, Lorenzo Garlappi, Robert S. Goldstein and Chao Ying
Federal Reserve Bank of Chicago - Research Department, University of British Columbia (UBC) - Sauder School of Business, University of Minnesota - Twin Cities - Carlson School of Management and Chinese University of Hong Kong
Downloads 576 (89,993)
Citation 6

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Capital structure; Debt dynamics; Commitment; Issuance costs; Debt maturity

Debt Dynamics with Fixed Issuance Costs

FRB of Chicago Working Paper No. 2023-01
Number of pages: 77 Posted: 10 Jan 2023
Luca Benzoni, Lorenzo Garlappi, Robert S. Goldstein and Chao Ying
Federal Reserve Bank of Chicago - Research Department, University of British Columbia (UBC) - Sauder School of Business, University of Minnesota - Twin Cities - Carlson School of Management and Chinese University of Hong Kong
Downloads 39 (825,914)

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Capital structure; Debt dynamics; Commitment; Issuance costs; Debt maturity

9.

Risk Premia and Premption in R&D Ventures

Number of pages: 47 Posted: 08 Oct 2000
Lorenzo Garlappi
University of British Columbia (UBC) - Sauder School of Business
Downloads 487 (112,088)

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Real options, R&D investments, risk premia, patent races, stochastic games

10.

Portfolio Selection with Multiple Assets and Capital Gains Taxes

Number of pages: 54 Posted: 21 Jul 2001
Lorenzo Garlappi, Vasant Naik and Joshua Slive
University of British Columbia (UBC) - Sauder School of Business, Lehman Brothers International, Europe and Bank of Canada
Downloads 424 (132,015)
Citation 17

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Capital Gains Taxes, Portfolio Choice

11.
Downloads 420 (133,430)
Citation 29

Default Risk, Shareholder Advantage and Stock Returns

McCombs Research Paper Series No. FIN-05-06
Number of pages: 59 Posted: 21 Mar 2006
Lorenzo Garlappi, Tao Shu and Hong Yan
University of British Columbia (UBC) - Sauder School of Business, The Chinese University of Hong Kong (CUHK) - CUHK Business School and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 420 (132,099)
Citation 29

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Default Risk, Stock Returns, Debt Renegotiation, Bankruptcy, Liquidation

Default Risk, Shareholder Advantage, and Stock Returns

The Review of Financial Studies, Vol. 21, Issue 6, pp. 2743-2778, 2008
Posted: 15 Dec 2008
Lorenzo Garlappi, Tao Shu and Hong Yan
University of British Columbia (UBC) - Sauder School of Business, The Chinese University of Hong Kong (CUHK) - CUHK Business School and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)

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G12, G14, G33

Incomplete Information, Debt Issuance, and the Term Structure of Credit Spreads

Number of pages: 65 Posted: 25 Sep 2019 Last Revised: 28 Sep 2020
Luca Benzoni, Lorenzo Garlappi and Robert S. Goldstein
Federal Reserve Bank of Chicago - Research Department, University of British Columbia (UBC) - Sauder School of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 273 (211,370)

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Bond pricing; Credit spreads; Jumps to Default

Incomplete Information, Debt Issuance, and the Term Structure of Credit Spreads

FRB of Chicago Working Paper No. WP-2019-8
Number of pages: 62 Posted: 27 Nov 2019 Last Revised: 17 Mar 2022
Luca Benzoni, Lorenzo Garlappi and Robert S. Goldstein
Federal Reserve Bank of Chicago - Research Department, University of British Columbia (UBC) - Sauder School of Business and University of Minnesota - Twin Cities - Carlson School of Management
Downloads 141 (387,644)

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Credit spreads, Capital structure, Corporate Default, Debt, Jumps to Default, Investments

13.

Profiting from Real Estate: So Easy a Congressman Can Do It

Number of pages: 71 Posted: 08 Apr 2021 Last Revised: 26 May 2022
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Division of Finance, University of British Columbia (UBC) - Sauder School of Business and University of British Columbia (UBC) - Division of Finance
Downloads 374 (152,212)

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Real estate, housing returns, U.S. Congress, politicians

14.

From Location to Allocation: Taxable and Tax-Deferred Investing with Portfolio Constraints

Number of pages: 38 Posted: 07 May 2004
Jennifer C. Huang and Lorenzo Garlappi
University of Texas at Austin - Department of Finance and University of British Columbia (UBC) - Sauder School of Business
Downloads 356 (160,723)
Citation 1

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Portfolio selection, tax-deferred accounts, borrowing and short-selling constraints

15.

A State-Variable Decomposition Approach for Solving Portfolio Choice Problems

EFA 2008 Athens Meetings Paper
Number of pages: 51 Posted: 09 Mar 2008
Lorenzo Garlappi and Georgios Skoulakis
University of British Columbia (UBC) - Sauder School of Business and University of Piraeus - Department of Banking and Financial Management
Downloads 349 (164,218)
Citation 10

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dynamic portfolio choce, approximation techniques

16.

Responsible Consumption, Demand Elasticity, and the Green Premium

Number of pages: 62 Posted: 06 Sep 2023 Last Revised: 20 Feb 2024
Xuhui Chen, Lorenzo Garlappi and Ali Lazrak
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of British Columbia (UBC) Sauder School of Business
Downloads 340 (168,852)

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Responsible consumption, Demand elasticity, ESG investing, Deep-habits, Equilibrium asset prices

17.

Default Risk, Shareholder Advantage, and Stock Returns*

8th Annual Texas Finance Festival
Number of pages: 56 Posted: 07 Apr 2006
Lorenzo Garlappi, Tao Shu and Hong Yan
University of British Columbia (UBC) - Sauder School of Business, The Chinese University of Hong Kong (CUHK) - CUHK Business School and Shanghai Jiao Tong University (SJTU) - Shanghai Advanced Institute of Finance (SAIF)
Downloads 292 (198,437)

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Default Risk, Stock Returns, Debt Renegotiatin, Bankruptcy, Liquidation

18.

Corporate Innovation and Returns

Number of pages: 59 Posted: 28 Oct 2019
Jan Bena and Lorenzo Garlappi
University of British Columbia - Sauder School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 289 (200,561)
Citation 5

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Competition in innovation, Patent races, Cross section of returns, Cost of capital

19.

Ambiguity and the Corporation: Group Disagreement and Underinvestment

Number of pages: 42 Posted: 17 Oct 2014 Last Revised: 25 Sep 2017
Lorenzo Garlappi, Ron Giammarino and Ali Lazrak
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of British Columbia (UBC) Sauder School of Business
Downloads 288 (201,265)
Citation 21

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ambiguity, group decisions, dynamic consistency, dynamic real investment, security issuance.

20.

Conservative Holdings, Aggressive Trades: Ambiguity, Learning, and Equilibrium Flows

Number of pages: 62 Posted: 29 Apr 2022 Last Revised: 15 Dec 2023
Thomas Dangl, Lorenzo Garlappi and Alex Weissensteiner
Vienna University of Technology, University of British Columbia (UBC) - Sauder School of Business and Free University of Bolzano Bozen
Downloads 278 (208,648)

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Ambiguity, uncertainty, learning, portfolio flows, equilibrium asset prices, heterogeneous agents

21.

Group-Managed Real Options

Proceedings of Paris December 2020 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 59 Posted: 15 Mar 2019 Last Revised: 29 Jun 2021
Lorenzo Garlappi, Ron Giammarino and Ali Lazrak
University of British Columbia (UBC) - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and University of British Columbia (UBC) Sauder School of Business
Downloads 265 (218,988)
Citation 4

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group decisions, dynamic voting, real investment

22.

How Effective are Portfolio Mandates?

Number of pages: 42 Posted: 02 Oct 2023 Last Revised: 27 Nov 2023
Jack Y Favilukis, Lorenzo Garlappi and Raman Uppal
University of British Columbia (UBC) - Division of Finance, University of British Columbia (UBC) - Sauder School of Business and EDHEC Business School
Downloads 258 (224,920)

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ESG, cost of capital, capital allocation

23.

The Carry Trade and Uncovered Interest Parity When Markets Are Incomplete

Number of pages: 60 Posted: 23 May 2015 Last Revised: 29 May 2015
Jack Y Favilukis, Lorenzo Garlappi and Sajjad Neamati
University of British Columbia (UBC) - Division of Finance, University of British Columbia (UBC) - Sauder School of Business and University of British Columbia (UBC) - Division of Finance
Downloads 251 (231,207)
Citation 5

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uncovered interest parity, carry trade, incomplete markets, non-traded goods, Backus-Smith puzzle, Balassa-Samuelson effect, sovereign default

24.

Heterogeneous Innovations, Firm Creation and Destruction, and Asset Prices

Number of pages: 54 Posted: 12 Mar 2015 Last Revised: 25 Sep 2015
Jan Bena, Lorenzo Garlappi and Patrick Grüning
University of British Columbia - Sauder School of Business, University of British Columbia (UBC) - Sauder School of Business and Latvijas Banka
Downloads 226 (255,890)
Citation 6

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Economic uncertainty, Creative destruction, Innovation, Firm entry, Long-run risk

25.

Are Stocks Desirable in Tax-Deferred Accounts?

Journal of Public Economics, Forthcoming
Number of pages: 38 Posted: 30 Aug 2006
Lorenzo Garlappi and Jennifer C. Huang
University of British Columbia (UBC) - Sauder School of Business and University of Texas at Austin - Department of Finance
Downloads 224 (258,107)
Citation 6

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Portfolio selection, tax-deferred accounts, borrowing and short-selling constraints

26.

Hiring in Marketing & Sales and Firm Performance

Number of pages: 52 Posted: 01 Sep 2021 Last Revised: 20 Oct 2022
Lorenzo Garlappi and Zhongzhi Song
University of British Columbia (UBC) - Sauder School of Business and Antai College of Economics and Management, Shanghai Jiao Tong University
Downloads 120 (438,144)
Citation 1

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Workforce growth; Sales and marketing; Stock returns

27.

The Real Effects of Market Inefficiency: Aggregate Versus Cross-Sectional Mispricing

Number of pages: 34 Posted: 24 Apr 2018
Imperial College Business School, Fudan University - Fanhai International School of Finance (FISF) and University of British Columbia (UBC) - Sauder School of Business
Downloads 117 (446,487)

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Market Efficiency, Equilibrium Asset Pricing

28.

Public Sector Science and the Strategy of the Commons

Economics of Innovation and New Technology, 2007
Number of pages: 38 Posted: 03 Aug 2006
Lorenzo Garlappi and Ajay K. Agrawal
University of British Columbia (UBC) - Sauder School of Business and University of Toronto - Rotman School of Management
Downloads 108 (473,710)
Citation 1

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Entry deterrence, intellectual property, university research, welfare loss

29.

How Inefficient is the 1/N Asset-Allocation Strategy?

CEPR Discussion Paper No. 5142
Number of pages: 64 Posted: 17 Aug 2005
Victor DeMiguel, Lorenzo Garlappi and Raman Uppal
London Business School, University of British Columbia (UBC) - Sauder School of Business and EDHEC Business School
Downloads 42 (782,623)
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Portfolio choice, asset allocation, investment management

30.

Optimal Versus Naive Diversification: How Inefficient is the 1/N Portfolio Strategy?

The Review of Financial Studies, Vol. 22, Issue 5, pp. 1915-1953, 2009
Posted: 13 Apr 2009
Victor DeMiguel, Lorenzo Garlappi and Raman Uppal
London Business School, University of British Columbia (UBC) - Sauder School of Business and EDHEC Business School

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