Harjoat Singh Bhamra

Imperial College Business School

Associate Professor

Tanaka Building

Exhibition Rd

London, SW7 2AZ

United Kingdom

http://www.harjoatbhamra.com

SCHOLARLY PAPERS

16

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Top 2,453

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148

CROSSREF CITATIONS

334

Scholarly Papers (16)

The Levered Equity Risk Premium and Credit Spreads: A Unified Framework

Number of pages: 56 Posted: 30 Sep 2007 Last Revised: 03 Mar 2009
Harjoat Singh Bhamra, Lars-Alexander Kuehn and Ilya A. Strebulaev
Imperial College Business School, Carnegie Mellon University - David A. Tepper School of Business and Stanford University - Graduate School of Business
Downloads 1,673 (10,654)
Citation 28

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Equity premium, corporate bond credit spread, predictability, macroeconomic conditions, jumps, capital structure, default

The Levered Equity Risk Premium and Credit Spreads: A Unified Framework

CEPR Discussion Paper No. DP12827
Number of pages: 78 Posted: 05 Apr 2018
Harjoat Singh Bhamra, Lars-Alexander Kuehn and Ilya A. Strebulaev
Imperial College Business School, Carnegie Mellon University - David A. Tepper School of Business and Stanford University - Graduate School of Business
Downloads 1 (736,422)
Citation 10
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Capital Structure, corporate bond credit spread, default, Equity premium, jumps, macroeconomic conditions, predictability

The Levered Equity Risk Premium and Credit Spreads: A Unified Framework

The Review of Financial Studies, Vol. 23, Issue 2, pp. 645-703, 2009
Posted: 01 Feb 2010
Harjoat Singh Bhamra, Lars-Alexander Kuehn and Ilya A. Strebulaev
Imperial College Business School, Carnegie Mellon University - David A. Tepper School of Business and Stanford University - Graduate School of Business

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2.

The Aggregate Dynamics of Capital Structure and Macroeconomic Risk

Number of pages: 58 Posted: 10 Sep 2008 Last Revised: 06 Nov 2009
Harjoat Singh Bhamra, Lars-Alexander Kuehn and Ilya A. Strebulaev
Imperial College Business School, Carnegie Mellon University - David A. Tepper School of Business and Stanford University - Graduate School of Business
Downloads 1,079 (21,297)
Citation 38

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Dynamic capital structure, leverage, aggregate dynamics, cross-sectional behavior, default probability, financial constraints, macroeconomic risk, risk aversion, elasticity of intertemporal substitution

Asset Prices with Heterogeneity in Preferences and Beliefs

AFA 2010 Atlanta Meetings Paper
Number of pages: 71 Posted: 19 Mar 2009 Last Revised: 08 Jan 2015
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
Downloads 586 (49,048)
Citation 33

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heterogeneity, general equilibrium, stationarity, equity risk premium, volatility

Asset Prices with Heterogeneity in Preferences and Beliefs

CEPR Discussion Paper No. DP9459
Number of pages: 78 Posted: 08 May 2013
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
Downloads 5 (693,731)
Citation 16
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Asset Pricing, General Equilibrium

4.

Monetary Policy and Corporate Default

Journal of Monetary Economics, 58 (5), 480-494, July 2011
Number of pages: 39 Posted: 02 Feb 2011 Last Revised: 07 May 2013
Harjoat Singh Bhamra, Adlai J. Fisher and Lars-Alexander Kuehn
Imperial College Business School, University of British Columbia (UBC) - Sauder School of Business and Carnegie Mellon University - David A. Tepper School of Business
Downloads 417 (75,745)
Citation 2

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Monetary policy, interest rate rule, corporate default, capital structure, leverage, credit spreads

Does Household Finance Matter? Small Financial Errors with Large Social Costs

Number of pages: 108 Posted: 27 Jan 2016 Last Revised: 01 Oct 2018
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
Downloads 406 (77,420)
Citation 4

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Portfolio choice, underdiversification bias, growth, social welfare

Does Household Finance Matter? Small Financial Errors with Large Social Costs

CEPR Discussion Paper No. DP12414
Number of pages: 63 Posted: 06 Nov 2017
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
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Citation 4
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familiarity bias, growth, Portfolio choice, social welfare, underdiversification

6.

Non-Redundant Derivatives in a Dynamic General Equilibrium Economy

London Business School Working Paper; EFA 2002 Berlin Meetings Presented 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 348 (93,346)

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Asset pricing, derivative valuation, portfolio choice, incomplete markets

The Effect of Introducing a Non-Redundant Derivative on the Volatility of Stock-Market Returns

Sauder School of Business Working Paper
Number of pages: 40 Posted: 15 Mar 2006
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
Downloads 326 (99,793)
Citation 6

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Excess volatility, general equilibrium, heterogeneous agents, prudence

The Effect of Introducing a Non-Redundant Derivative on the Volatility of Stock-Market Returns

CEPR Discussion Paper No. 5726
Number of pages: 30 Posted: 16 Aug 2006
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
Downloads 14 (625,222)
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General equilibrium, options, volatility, risk-sharing

8.

Stock Market Liberalization and the Cost of Capital in Emerging Markets

Number of pages: 49 Posted: 19 Mar 2009
Harjoat Singh Bhamra
Imperial College Business School
Downloads 330 (99,025)
Citation 5

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international finance, stock market integration, continuous time, general equilibrium, incomplete markets

The Role of Risk Aversion and Intertemporal Substitution in Dynamic Consumption-Portfolio Choice with Recursive Utility

EFA 2003 Annual Conference Paper No. 267
Number of pages: 28 Posted: 21 Jul 2003
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
Downloads 297 (110,573)

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Intertemporal optimization and decision making

The Role of Risk Aversion and Intertemporal Substitution in Dynamic Consumption-Portfolio Choice with Recursive Utility

CEPR Discussion Paper No. 5020
Number of pages: 32 Posted: 24 Aug 2005
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
Downloads 25 (548,358)
Citation 2
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Intertemporal optimization, decision making

10.

Stochastic Idiosyncratic Cash Flow Risk and Real Options: Implications for Stock Returns

Journal of Economic Theory, Forthcoming
Number of pages: 43 Posted: 12 Jan 2013 Last Revised: 28 Nov 2016
Harjoat Singh Bhamra and Kyung Hwan Shim
Imperial College Business School and University of New South Wales (UNSW)
Downloads 286 (115,718)
Citation 3

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Idiosyncratic return volatility, cross-section of stock returns, asset pricing, real options, growth options, stochastic volatility, regime switching, mixed jump-diffusion processes

Small Growth and Distress Returns: Two Sides of the Same Coin?

2015 World Congress of the Econometric Society
Number of pages: 53 Posted: 21 Nov 2013 Last Revised: 23 Feb 2016
Harjoat Singh Bhamra and Kyung Hwan Shim
Imperial College Business School and University of New South Wales (UNSW)
Downloads 121 (251,861)

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Distress, size, book-to-market, small, growth, glamor, stocks, failure risk, default risk, anomalies, cross section of stock returns, asset pricing, real options, growth options, mixed jump-diffusion process

Small Growth and Distress Returns: Two Sides of the Same Coin?

2015 World Congress of the Econometric Society
Number of pages: 53 Posted: 17 Jun 2013 Last Revised: 23 Feb 2016
Harjoat Singh Bhamra and Kyung Hwan Shim
Imperial College Business School and University of New South Wales (UNSW)
Downloads 88 (313,880)

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Distress, size, book-to-market, small, growth, glamor, stocks, failure risk, default risk, anomalies, cross section of stock returns, asset pricing, real options, growth options, mixed jump-diffusion process

Do Individual Behavioral Biases Affect Financial Markets and the Macroeconomy?

Number of pages: 56 Posted: 04 Jan 2017
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
Downloads 141 (223,468)
Citation 3

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behavioral finance, ambiguity aversion, underdiversification, aggregate growth, investment

Do Individual Behavioral Biases Affect Financial Markets and the Macroeconomy?

CEPR Discussion Paper No. DP12415
Number of pages: 59 Posted: 06 Nov 2017
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
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Citation 1
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aggregate growth, ambiguity aversion, behavioral finance, investment, underdiversification

Low Inflation: High Default Risk AND High Equity Valuations

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2018-81
Number of pages: 79 Posted: 29 Nov 2018
Imperial College Business School, HEC Montreal, HEC Montréal and University of Chicago - Finance
Downloads 82 (328,077)

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low inflation, default risk, equity, leverage, credit spreads

Low Inflation: High Default Risk and High Equity Valuations

Chicago Booth Research Paper No. 18-12
Number of pages: 78 Posted: 11 Dec 2018
Imperial College Business School, HEC Montreal, HEC Montréal and University of Chicago - Finance
Downloads 21 (575,397)

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low inflation, default risk, equity, leverage, credit spreads

Low Inflation: High Default Risk and High Equity Valuations

NBER Working Paper No. w25317
Number of pages: 78 Posted: 03 Dec 2018
Imperial College Business School, HEC Montreal, HEC Montréal and University of Chicago - Finance
Downloads 5 (693,731)
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14.

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

Number of pages: 34 Posted: 24 Apr 2018
Harjoat Singh Bhamra, Huafeng (Jason) Chen and Lorenzo Garlappi
Imperial College Business School, Fudan University - Fanhai International School of Finance (FISF) and University of British Columbia (UBC) - Sauder School of Business
Downloads 62 (379,028)

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Market Efficiency, Equilibrium Asset Pricing

15.

A Dynamic Equilibrium Model of Imperfectly Integrated Financial Markets

Journal of Economic Theory, Vol. 154, 2014
Number of pages: 71 Posted: 09 Jan 2015
Harjoat Singh Bhamra, Nicolas Coeurdacier and Stéphane Guibaud
Imperial College Business School, London Business School and SciencesPo - Department of Economics
Downloads 62 (379,028)
Citation 3

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Two Trees, Asset Pricing with Heterogeneous Investors, Home Bias in Portfolios, International Stock Return Correlations, Financial Integration

16.

The Effect of Introducing a Non-Redundant Derivative on the Volatility of Stock-Market Returns When Agents Differ in Risk Aversion

The Review of Financial Studies, Vol. 22, Issue 6, pp. 2303-2330, 2009
Posted: 01 Jun 2009
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School

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G12, D51, D52, D91