Harjoat Singh Bhamra

Imperial College Business School

Associate Professor

Tanaka Building

Exhibition Rd

London, SW7 2AZ

United Kingdom

http://www.harjoatbhamra.com

SCHOLARLY PAPERS

14

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CITATIONS
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153

Scholarly Papers (14)

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

The Review of Financial Studies, Forthcoming
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 1,552 (7,904)
Citation 64

Abstract:

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

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

Abstract:

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 916 (16,717)
Citation 30

Abstract:

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 512 (41,049)
Citation 15

Abstract:

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 (523,803)
Citation 15

Abstract:

Asset Pricing, General Equilibrium

4.

Non-Redundant Derivatives in a Dynamic General Equilibrium Economy

London Business School Working Paper; EFA 2002 Berlin Meetings Presented Paper, Sauder School of Business Working 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 332 (69,169)

Abstract:

Asset pricing, derivative valuation, portfolio choice, incomplete markets

5.

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 318 (65,239)
Citation 3

Abstract:

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

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

Sauder School of Business Working Paper, AFA 2007 Chicago Meetings Paper
Number of pages: 40 Posted: 15 Mar 2006
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
Downloads 295 (79,778)
Citation 21

Abstract:

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 (474,571)
Citation 21

Abstract:

General equilibrium, options, volatility, risk-sharing

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

EFA 2003 Annual Conference Paper No. 267, Sauder School of Business Working Paper
Number of pages: 28 Posted: 21 Jul 2003
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
Downloads 276 (86,041)
Citation 6

Abstract:

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 (412,739)
Citation 6

Abstract:

Intertemporal optimization, decision making

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 262 (80,868)
Citation 2

Abstract:

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

9.

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

Journal of Economic Theory, Forthcoming, 2015 Society for Economic Dynamics in Warsaw, 2015 American Finance Association Annual Meetings in Boston, 2014 European Finance Association Annual Meetings in Lugano , 2013 Adam Smith Asset Pricing Conference in Oxford , 2013 China International Finance Conference in Shanghai , 2013 Northern Finance Association Annual Meetings in Quebec , 2013 Tel Aviv Finance Conference
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 159 (116,911)

Abstract:

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, 1st Place 2015 CQAsia Academic Competition, Hong Kong, 2014 SAFE Asset Pricing Workshop, Best Paper on Valuation, 2014 26th Annual Meetings Northern Finance Association, Ottawa, 2014 International Conference on Asia-Pacific Financial Markets
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 86 (236,039)

Abstract:

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, 1st Place, 2015 CQAsia Academic Competition, Hong Kong, 2014 SAFE Asset Pricing Workshop, Best Paper on Valuation, 2014 26th Annual Meetings Northern Finance Association, Ottawa, 2014 International Conference on Asia-Pacific Financial Markets
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 65 (278,756)

Abstract:

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

11.

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 St├ęphane Guibaud
Imperial College Business School, London Business School and SciencesPo - Department of Economics
Downloads 11 (367,171)
Citation 11

Abstract:

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

12.

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 0 (367,171)

Abstract:

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

13.

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

Number of pages: 63 Posted: 27 Jan 2016
Harjoat Singh Bhamra and Raman Uppal
Imperial College Business School and EDHEC Business School
Downloads 0 (172,684)

Abstract:

Portfolio choice, underdiversification, familiarity bias, growth, social welfare

14.

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

Abstract:

G12, D51, D52, D91