Lubos Pastor

University of Chicago - Booth School of Business

Professor of Finance

5807 S. Woodlawn Avenue

Chicago, IL 60637

United States

http://www.ChicagoGSB.edu/fac/lubos.pastor/

Centre for Economic Policy Research (CEPR)

Fellow

77 Bastwick Street

London, EC1V 3PZ

United Kingdom

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

31

DOWNLOADS
Rank 167

SSRN RANKINGS

Top 167

in Total Papers Downloads

55,728

CITATIONS
Rank 141

SSRN RANKINGS

Top 141

in Total Papers Citations

2,132

Scholarly Papers (31)

1.
Downloads 11,298 ( 238)
Citation 27

Are Stocks Really Less Volatile in the Long Run?

EFA 2009 Bergen Meetings Paper, AFA 2010 Atlanta Meetings Paper
Number of pages: 56 Posted: 26 May 2008 Last Revised: 13 Dec 2011
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 11,168 (238)
Citation 27

Abstract:

stock, volatility, target-date funds, Bayesian, predictive system, predictive variance

Are Stocks Really Less Volatile in the Long Run?

NBER Working Paper No. w14757
Number of pages: 54 Posted: 26 Feb 2009
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 121 (192,456)
Citation 27

Abstract:

Are Stocks Really Less Volatile in the Long Run?

CEPR Discussion Paper No. DP7199
Number of pages: 48 Posted: 11 Mar 2009
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 9 (519,335)
Citation 27

Abstract:

long-run, risk, stock, variance

2.
Downloads 4,008 ( 1,603)
Citation 689

Liquidity Risk and Expected Stock Returns

CRSP Working Paper No. 531
Number of pages: 38 Posted: 17 Aug 2001
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 3,847 (1,688)
Citation 686

Abstract:

Asset pricing, liquidity risk, expected returns

Liquidity Risk and Expected Stock Returns

NBER Working Paper No. w8462
Number of pages: 38 Posted: 10 Sep 2001
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 131 (180,834)
Citation 689

Abstract:

Liquidity Risk and Expected Stock Returns

CEPR Discussion Paper No. 3494
Number of pages: 48 Posted: 20 Sep 2002
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 30 (403,092)
Citation 689

Abstract:

Asset pricing, liquidity risk, expected returns

3.
Downloads 3,933 ( 1,650)
Citation 35

Learning in Financial Markets

Learning in Financial Markets, Forthcoming, Chicago Booth School of Business Research Paper No. 08-28
Number of pages: 30 Posted: 08 Jan 2009
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 3,814 (1,724)
Citation 35

Abstract:

Learning in Financial Markets

NBER Working Paper No. w14646
Number of pages: 30 Posted: 19 Jan 2009
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 112 (203,999)
Citation 35

Abstract:

Learning in Financial Markets

CEPR Discussion Paper No. DP7127
Number of pages: 31 Posted: 18 Feb 2009
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 7 (529,956)
Citation 35

Abstract:

Bayesian, bubble, predictability, uncertainty, volatility

Learning in Financial Markets

Annual Review of Financial Economics, Vol. 1, pp. 361-381, 2009
Posted: 04 Jun 2010
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business

Abstract:

4.
Downloads 3,543 ( 2,005)
Citation 4

Scale and Skill in Active Management

Number of pages: 51 Posted: 01 Sep 2013 Last Revised: 01 Aug 2014
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 3,018 (2,618)
Citation 4

Abstract:

returns to scale, mutual funds, active management, skill

Scale and Skill in Active Management

Becker Friedman Institute for Research in Economics Working Paper No. 2014-03
Number of pages: 51 Posted: 05 Feb 2014
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 367 (64,423)
Citation 4

Abstract:

Scale and Skill in Active Management

Chicago Booth Research Paper No. 14-20
Number of pages: 52 Posted: 15 Jul 2014
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 124 (188,823)
Citation 4

Abstract:

Scale and Skill in Active Management

NBER Working Paper No. w19891
Number of pages: 51 Posted: 11 Feb 2014
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 32 (394,126)
Citation 4

Abstract:

Scale and Skill in Active Management

CEPR Discussion Paper No. DP9854
Number of pages: 53 Posted: 02 Jun 2014
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 2 (557,860)
Citation 4

Abstract:

mutual funds, returns to scale, skill

5.
Downloads 3,169 ( 2,456)
Citation 14

On the Size of the Active Management Industry

CRSP Working Paper
Number of pages: 44 Posted: 06 Jan 2010 Last Revised: 24 Jul 2012
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 3,055 (2,565)
Citation 14

Abstract:

active management, returns to scale, learning, mutual funds

On the Size of the Active Management Industry

MFI Working Paper No. 2010-001
Number of pages: 47 Posted: 13 Jan 2010 Last Revised: 13 Dec 2011
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 80 (256,415)
Citation 14

Abstract:

On the Size of the Active Management Industry

NBER Working Paper No. w15646
Number of pages: 45 Posted: 18 Jan 2010
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 32 (394,126)
Citation 14

Abstract:

On the Size of the Active Management Industry

CEPR Discussion Paper No. DP7637
Number of pages: 48 Posted: 20 Jan 2010
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 2 (557,860)
Citation 14

Abstract:

active management, learning, returns to scale

6.
Downloads 2,973 ( 2,765)
Citation 54

Technological Revolutions and Stock Prices

CRSP Working Paper No. 606, EFA 2006 Zurich Meetings, AFA 2007 Chicago Meetings Paper
Number of pages: 49 Posted: 24 May 2006 Last Revised: 04 Oct 2014
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 2,907 (2,822)
Citation 54

Abstract:

bubble, internet, railroads, technology, innovation, learning, uncertainty

Technological Revolutions and Stock Prices

NBER Working Paper No. w11876
Number of pages: 50 Posted: 06 Oct 2006
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 53 (320,912)
Citation 54

Abstract:

Technological Revolutions and Stock Prices

CEPR Discussion Paper No. 5428
Number of pages: 48 Posted: 11 Apr 2006
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 13 (496,733)
Citation 54

Abstract:

Bubble, railroads, technology, innovation

7.
Downloads 2,816 ( 3,054)
Citation 47

Predictive Systems: Living with Imperfect Predictors

CRSP Working Paper No. 617, EFA 2007 Ljubljana Meetings Paper
Number of pages: 51 Posted: 19 Feb 2007 Last Revised: 13 Dec 2011
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 2,732 (3,145)
Citation 47

Abstract:

predictability, expected stock return, state space model, predictive system, predictive regression, imperfect predictors, Bayesian

Predictive Systems: Living with Imperfect Predictors

NBER Working Paper No. w13804
Number of pages: 59 Posted: 12 Jan 2007
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 59 (304,213)
Citation 47

Abstract:

Predictive Systems: Living with Imperfect Predictors

NBER Working Paper No. w12814
Number of pages: 59 Posted: 07 Jul 2012
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 22 (444,850)
Citation 45

Abstract:

Predictive Systems: Living with Imperfect Predictors

CEPR Discussion Paper No. 6076
Number of pages: 61 Posted: 29 Jun 2007
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 3 (550,332)
Citation 47

Abstract:

Expected stock return, predictability, predictive regression, predictive system, state space model

8.
Downloads 2,419 ( 3,936)
Citation 16

Political Uncertainty and Risk Premia

Number of pages: 58 Posted: 24 Sep 2011 Last Revised: 09 May 2017
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 2,047 (5,150)
Citation 16

Abstract:

political, uncertainty, government, risk premium, put, learning, Bayesian

Political Uncertainty and Risk Premia

Fama-Miller Working Paper , Chicago Booth Research Paper No. 11-39
Number of pages: 58 Posted: 06 Oct 2011 Last Revised: 07 Mar 2014
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 255 (97,369)
Citation 16

Abstract:

Political Uncertainty and Risk Premia

Becker Friedman Institute for Research in Economics Working Paper No. 2011-007
Number of pages: 61 Posted: 07 Dec 2011 Last Revised: 11 Dec 2012
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 94 (231,067)
Citation 16

Abstract:

Political Uncertainty and Risk Premia

NBER Working Paper No. w17464
Number of pages: 59 Posted: 30 Sep 2011
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 21 (450,572)
Citation 16

Abstract:

Political Uncertainty and Risk Premia

CEPR Discussion Paper No. DP8601
Number of pages: 54 Posted: 01 Nov 2011
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 2 (557,860)
Citation 16

Abstract:

Bayesian, government, learning, political, put, risk premium, uncertainty

The Price of Political Uncertainty: Theory and Evidence from the Option Market

Fama-Miller Working Paper
Number of pages: 69 Posted: 19 Nov 2013 Last Revised: 26 Jun 2016
Bryan T. Kelly, Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 2,310 (4,172)
Citation 1

Abstract:

political uncertainty, options, elections, summits, variance risk, tail risk

The Price of Political Uncertainty: Theory and Evidence from the Option Market

Becker Friedman Institute for Research in Economics Working Paper No. 2014-01
Number of pages: 66 Posted: 13 Jan 2014
Bryan T. Kelly, Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 85 (246,818)
Citation 1

Abstract:

The Price of Political Uncertainty: Theory and Evidence from the Option Market

NBER Working Paper No. w19812
Number of pages: 69 Posted: 17 Jan 2014
Bryan T. Kelly, Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 14 (491,118)
Citation 1

Abstract:

The Price of Political Uncertainty: Theory and Evidence from the Option Market

CEPR Discussion Paper No. DP9822
Number of pages: 68 Posted: 02 Jun 2014
Bryan T. Kelly, Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 1 (568,255)
Citation 1

Abstract:

options, political uncertainty

10.
Downloads 2,229 ( 4,549)
Citation 27

Uncertainty about Government Policy and Stock Prices

Chicago Booth Research Paper No. 10-25, Fama-Miller Working Paper Series
Number of pages: 54 Posted: 16 Jun 2010 Last Revised: 06 Sep 2012
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 2,079 (5,024)
Citation 27

Abstract:

government, policy, uncertainty, learning, stock, price

Uncertainty About Government Policy and Stock Prices

MFI Working Paper No. 2010-08
Number of pages: 54 Posted: 17 Jun 2010
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 122 (191,225)
Citation 27

Abstract:

Uncertainty About Government Policy and Stock Prices

NBER Working Paper No. w16128
Number of pages: 62 Posted: 29 Jun 2010
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 26 (422,708)
Citation 27

Abstract:

Uncertainty About Government Policy and Stock Prices

CEPR Discussion Paper No. DP7897
Number of pages: 55 Posted: 19 Jul 2010
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 2 (557,860)
Citation 27

Abstract:

government, learning, stock, uncertainty

11.
Downloads 2,219 ( 4,578)
Citation 65

Judging Fund Managers by the Company They Keep

CRSP Working Paper No. 545; EFA 2003 Annual Conference Paper No. 884, HBS Finance Working Paper No. 04-023
Number of pages: 48 Posted: 17 Dec 2002
Harvard Business School - Finance Unit, Harvard Business School - Finance Unit and University of Chicago - Booth School of Business
Downloads 2,113 (4,882)
Citation 65

Abstract:

Judging Fund Managers by the Company They Keep

NBER Working Paper No. w9359
Number of pages: 48 Posted: 06 Dec 2002
Harvard Business School - Finance Unit, Harvard Business School - Finance Unit and University of Chicago - Booth School of Business
Downloads 75 (266,574)
Citation 65

Abstract:

Judging Fund Managers by the Company They Keep

CEPR Discussion Paper No. 3717
Number of pages: 50 Posted: 21 Feb 2003
Harvard Business School - Finance Unit, Harvard Business School - Finance Unit and University of Chicago - Booth School of Business
Downloads 31 (398,539)
Citation 65

Abstract:

Mutual funds, performance evaluation, persistence

Do Funds Make More When They Trade More?

Journal of Finance, Forthcoming
Number of pages: 53 Posted: 16 Nov 2014 Last Revised: 11 Oct 2016
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 1,574 (8,116)

Abstract:

turnover, skill, performance, active management, mutual funds

Do Funds Make More When They Trade More?

Fama-Miller Working Paper , Chicago Booth Research Paper No. 14-39
Number of pages: 46 Posted: 19 Nov 2014
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 69 (279,828)

Abstract:

Do Funds Make More When They Trade More?

NBER Working Paper No. w20700
Number of pages: 51 Posted: 24 Nov 2014
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 12 (502,599)

Abstract:

Do Funds Make More When They Trade More?

CEPR Discussion Paper No. DP10261
Number of pages: 48 Posted: 24 Nov 2014
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 0

Abstract:

active management, mutual funds, performance, skill, turnover

13.
Downloads 1,335 ( 10,799)
Citation 85

Was There a Nasdaq Bubble in the Late 1990s?

CRSP Working Paper No. 557; AFA 2005 Philadelphia Meetings Paper
Number of pages: 60 Posted: 20 Aug 2004
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 1,270 (11,487)
Citation 85

Abstract:

Was There a NASDAQ Bubble in the Late 1990s?

NBER Working Paper No. w10581
Number of pages: 52 Posted: 06 Jul 2004
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 48 (336,309)
Citation 85

Abstract:

Was There a Nasdaq Bubble in the Late 1990s?

CEPR Discussion Paper No. 4485
Number of pages: 53 Posted: 12 Aug 2004
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 17 (473,786)
Citation 85

Abstract:

Bubble, valuation, uncertainty

14.
Downloads 1,283 ( 11,546)
Citation 187

Stock Valuation and Learning About Profitability

CRSP Working Paper No. 537; EFA 2002 Berlin Meetings Discussion Paper
Number of pages: 60 Posted: 11 Mar 2002
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 1,205 (12,480)
Citation 186

Abstract:

Stock Valuation and Learning About Profitability

NBER Working Paper No. w8991
Number of pages: 49 Posted: 13 Jun 2002
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 47 (339,379)
Citation 187

Abstract:

Stock Valuation and Learning about Profitability

CEPR Discussion Paper No. 3410
Number of pages: 50 Posted: 29 Jul 2002
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 31 (398,539)
Citation 187

Abstract:

Valuation, learning, uncertainty, profitability, market to book

Stock Valuation and Learning about Profitability

Journal of Finance, Vol. 58, pp. 1749-1790, October 2003
Posted: 14 Oct 2003
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business

Abstract:

15.

Investing In Equity Mutual Funds

CRSP Working Paper No. 532
Number of pages: 37 Posted: 20 Sep 2001
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 1,277 (11,212)
Citation 70

Abstract:

mutual funds, portfolio selection

16.
Downloads 1,099 ( 14,686)
Citation 11

Stock Prices and IPO Waves

CRSP Working Paper No. 548
Number of pages: 59 Posted: 13 Aug 2003
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 1,038 (15,744)
Citation 11

Abstract:

Stock Prices and IPO Waves

NBER Working Paper No. w9858
Number of pages: 60 Posted: 23 Jul 2003
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 41 (359,328)
Citation 11

Abstract:

Stock Prices and IPO Waves

CEPR Discussion Paper No. 4002
Number of pages: 61 Posted: 19 Sep 2003
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 20 (456,361)
Citation 11

Abstract:

Asset Pricing Models: Implications for Expected Returns and Portfolio Selection

CRSP Working Paper No. 510; Rodney L. White Center for Financial Research Working Paper No. 019-98
Number of pages: 43 Posted: 27 Aug 1998
A. Craig Mackinlay and Lubos Pastor
University of Pennsylvania - Finance Department and University of Chicago - Booth School of Business
Downloads 974 (17,304)
Citation 39

Abstract:

Asset Pricing Models: Implications for Expected Returns and Portfolio Selection

NBER Working Paper No. w7162
Number of pages: 41 Posted: 12 Jul 2000
A. Craig Mackinlay and Lubos Pastor
University of Pennsylvania - Finance Department and University of Chicago - Booth School of Business
Downloads 78 (260,283)
Citation 39

Abstract:

18.
Downloads 970 ( 17,759)
Citation 68

Evaluating and Investing in Equity Mutual Funds

AFA 2001 New Orleans Meetings; CRSP Working Paper No. 516; RLW Center for Financial Research Working Paper No. 10-00
Number of pages: 54 Posted: 13 Jun 2000
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 906 (19,302)
Citation 68

Abstract:

Evaluating and Investing in Equity Mutual Funds

NBER Working Paper No. w7779
Number of pages: 54 Posted: 20 Jul 2000
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 64 (291,658)
Citation 68

Abstract:

19.
Downloads 962 ( 17,975)
Citation 97

Mutual Fund Performance and Seemingly Unrelated Assets

CRSP Working Paper No. 527
Number of pages: 44 Posted: 27 Feb 2001
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 962 (17,641)
Citation 97

Abstract:

Performance evaluation; Mutual funds; Bayesian analysis

Mutual Fund Performance And Seemingly Unrelated Assets

Journal of Financial Economics, Forthcoming
Posted: 02 Oct 2001
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School

Abstract:

performance evaluation, mutual funds, Bayesian analysis

Entrepreneurial Learning, the Ipo Decision, and the Post-Ipo Drop in Firm Profitability

CRSP Working Paper No. 616
Number of pages: 47 Posted: 19 Feb 2007
Lubos Pastor, Lucian Taylor and Pietro Veronesi
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 550 (38,924)
Citation 23

Abstract:

Entrepreneurial Learning, the IPO Decision, and the Post-IPO Drop in Firm Profitability

Number of pages: 46 Posted: 17 Dec 2006
Lubos Pastor, Pietro Veronesi and Lucian Taylor
University of Chicago - Booth School of Business, University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 206 (121,002)
Citation 23

Abstract:

learning, IPO, diversification, profitability

Entrepreneurial Learning, the IPO Decision, and the Post-Ipo Drop in Firm Profitability

NBER Working Paper No. w12792
Number of pages: 47 Posted: 24 Dec 2006
Lubos Pastor, Pietro Veronesi and Lucian Taylor
University of Chicago - Booth School of Business, University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 63 (294,091)
Citation 23

Abstract:

Entrepreneurial Learning, IPO Decision, and the Post-IPO Drop in Firm Profitability

CEPR Discussion Paper No. 6061
Number of pages: 49 Posted: 28 Jun 2007
Lubos Pastor, Lucian Taylor and Pietro Veronesi
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 3 (550,332)
Citation 23

Abstract:

Diversification, IPO, Learning

Estimating the Intertemporal Risk-Return Tradeoff Using the Implied Cost of Capital

CRSP Working Paper No. 607
Number of pages: 44 Posted: 04 Jan 2006
University of Chicago - Booth School of Business, Cornerstone Research and LSV Asset Management
Downloads 736 (26,137)
Citation 66

Abstract:

risk-return tradeoff, implied cost of capital, international integration

Estimating the Intertemporal Risk-Return Tradeoff Using the Implied Cost of Capital

NBER Working Paper No. w11941
Number of pages: 56 Posted: 13 Apr 2006
University of Chicago - Booth School of Business, Cornerstone Research and LSV Asset Management
Downloads 34 (385,844)
Citation 66

Abstract:

Estimating the Intertemporal Risk-Return Tradeoff Using the Implied Cost of Capital

CEPR Discussion Paper No. 5462
Number of pages: 58 Posted: 27 Apr 2006
University of Chicago - Booth School of Business, Cornerstone Research and LSV Asset Management
Downloads 11 (508,332)
Citation 66

Abstract:

Implied cost of capital, risk-return tradeoff, international integration

22.

Portfolio Selection and Asset Pricing Models

Journal of Finance, forthcoming.
Number of pages: 49 Posted: 13 Feb 2009
Lubos Pastor
University of Chicago - Booth School of Business
Downloads 772 (20,205)
Citation 103

Abstract:

portfolio choice, Bayesian, asset pricing, CAPM

23.
Downloads 598 ( 35,463)

Political Cycles and Stock Returns

Chicago Booth Research Paper No. 17-01, Fama-Miller Working Paper
Number of pages: 42 Posted: 01 Feb 2017 Last Revised: 24 Mar 2017
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 588 (35,778)

Abstract:

political cycles, risk aversion, presidential puzzle

Political Cycles and Stock Returns

NBER Working Paper No. w23184
Number of pages: 43 Posted: 21 Feb 2017
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 10 (513,855)

Abstract:

Political Cycles and Stock Returns

CEPR Discussion Paper No. DP11864
Number of pages: 45 Posted: 02 Mar 2017
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 0

Abstract:

political cycles, presidential puzzle, risk aversion

24.

Costs of Equity from Factor-Based Models

Rodney L. White Center Working Paper Series #8-97
Number of pages: 47 Posted: 20 Oct 1997
Robert F. Stambaugh and Lubos Pastor
University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 581 (36,044)

Abstract:

25.
Downloads 517 ( 42,700)
Citation 83

The Equity Premium And Structural Breaks

AFA 2001 New Orleans; CRSP Working Paper No. 519
Number of pages: 40 Posted: 27 Oct 1998
Robert F. Stambaugh and Lubos Pastor
University of Pennsylvania - The Wharton School and University of Chicago - Booth School of Business
Downloads 455 (49,619)
Citation 83

Abstract:

The Equity Premium and Structural Breaks

NBER Working Paper No. w7778
Number of pages: 39 Posted: 25 Jul 2000
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 62 (296,520)
Citation 83

Abstract:

Income Inequality and Asset Prices Under Redistributive Taxation

Number of pages: 39 Posted: 17 Oct 2015 Last Revised: 09 May 2017
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 312 (77,842)

Abstract:

inequality, redistribution, taxation, asset pricing, entrepreneurship, heterogeneous agents, incomplete markets

Income Inequality and Asset Prices under Redistributive Taxation

Chicago Booth Research Paper No. 15-46, Fama-Miller Working Paper
Number of pages: 50 Posted: 18 Oct 2015
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 20 (456,361)

Abstract:

Income Inequality and Asset Prices Under Redistributive Taxation

Number of pages: 49 Posted: 18 Nov 2015
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 14 (491,118)

Abstract:

inequality, taxation

Income Inequality and Asset Prices Under Redistributive Taxation

NBER Working Paper No. w21668
Number of pages: 40 Posted: 26 Oct 2015
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 6 (534,990)

Abstract:

Income Inequality and Asset Prices Under Redistributive Taxation

CEPR Discussion Paper No. DP10899
Number of pages: 51 Posted: 28 Oct 2015
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 0

Abstract:

asset pricing, entrepreneurship, inequality, redistribution, taxation

27.

Uncertainty and Valuations: A Comment

Critical Finance Review, Forthcoming
Number of pages: 4 Posted: 18 Jan 2014
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 156 (111,763)

Abstract:

28.

Rational IPO Waves

Number of pages: 51 Posted: 09 Nov 2011
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 101 (172,894)
Citation 86

Abstract:

IPO, waves

29.

Comparing Asset Pricing Models: an Investment Perspective

NBER Working Paper No. w7284
Number of pages: 50 Posted: 05 May 2000
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 71 (248,478)
Citation 90

Abstract:

30.

Costs of Equity Capital and Model Mispricing

NBER Working Paper No. w6490
Number of pages: 63 Posted: 04 Aug 2000
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 51 (307,934)
Citation 47

Abstract:

31.

Liquidity Risk and Expect Stock Returns

Journal of Political Economy, Vol. 111, June 2003
Posted: 22 Jul 2003
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School

Abstract: