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/

SCHOLARLY PAPERS

48

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Rank 136

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122,622

SSRN CITATIONS
Rank 11

SSRN RANKINGS

Top 11

in Total Papers Citations

13,363

CROSSREF CITATIONS

7,380

Scholarly Papers (48)

1.
Downloads 15,772 ( 458)
Citation 6

Nonstandard Errors

Journal of Finance, Volume 79, Issue 3, June 2024, Pages 2339-2390.
Number of pages: 52 Posted: 23 Nov 2021 Last Revised: 15 May 2024
Albert J. Menkveld, Anna Dreber, Felix Holzmeister, Juergen Huber, Magnus Johannesson, Michael Kirchler, Michael Razen, Utz Weitzel, David Abad, Menachem (Meni) Abudy, Tobias Adrian, Yacine Ait-Sahalia, Olivier Akmansoy, Jamie Alcock, Vitali Alexeev, Arash Aloosh, Livia Amato, Diego Amaya, James Angel, Amadeus Bach, Edwin Baidoo, Gaetan Bakalli, Andrea Barbon, Oksana Bashchenko, Parampreet Christopher Bindra, Geir Hoidal Bjonnes, Jeff Black, Bernard S. Black, Santiago Bohorquez, Oleg Bondarenko, Charles S. Bos, Ciril Bosch-Rosa, Elie Bouri, Christian T. Brownlees, Anna Calamia, Viet Nga Cao, Gunther Capelle-Blancard, Laura Capera, Massimiliano Caporin, Allen Carrion, Tolga Caskurlu, Bidisha Chakrabarty, Mikhail Chernov, William M. Cheung, Ludwig B. Chincarini, Tarun Chordia, Sheung Chi Chow, Benjamin Clapham, Jean-Edouard Colliard, Carole Comerton-Forde, Edward Curran, Thong Dao, Wale Dare, Ryan J. Davies, Riccardo De Blasis, Gianluca De Nard, Fany Declerck, Oleg Deev, Hans Degryse, Solomon Deku, Christophe Desagre, Mathijs A. van Dijk, Chukwuma Dim, Thomas Dimpfl, Yunjiang Dong, Philip Drummond, Tom L. Dudda, Ariadna Dumitrescu, Teodor Dyakov, Anne Haubo Dyhrberg, Michał Dzieliński, Asli Eksi, Izidin El Kalak, Saskia ter Ellen, Nicolas Eugster, Martin D.D. Evans, Michael Farrell, Ester Félez-Viñas, Gerardo Ferrara, El Mehdi FERROUHI, Andrea Flori, Jonathan Fluharty-Jaidee, Sean Foley, Kingsley Y. L. Fong, Thierry Foucault, Tatiana Franus, Francesco A. Franzoni, Bart Frijns, Michael Frömmel, Servanna Mianjun Fu, Sascha Füllbrunn, Baoqing Gan, Thomas Gehrig, Dirk Gerritsen, Javier Gil-Bazo, Lawrence R. Glosten, Thomas Gomez, Arseny Gorbenko, Ufuk Güçbilmez, Joachim Grammig, Vincent Gregoire, Björn Hagströmer, Julien Hambuckers, Erik Hapnes, Jeffrey H. Harris, Lawrence Harris, Simon Hartmann, Jean-Baptiste Hasse, Nikolaus Hautsch, Xuezhong He, Davidson Heath, Simon Hediger, Terrence Hendershott, Ann Marie Hibbert, Erik Hjalmarsson, Seth A. Hoelscher, Peter Hoffmann, Craig W. Holden, Alex R. Horenstein, Wenqian Huang, Da Huang, Christophe Hurlin, Alexey Ivashchenko, Subramanian R. Iyer, Hossein Jahanshahloo, Naji Jalkh, Charles M. Jones, Simon Jurkatis, Petri Jylha, Andreas Kaeck, Gabriel Kaiser, Arzé Karam, Egle Karmaziene, Bernhard Kassner, Markku Kaustia, Ekaterina Kazak, Fearghal Kearney, Vincent van Kervel, Saad Khan, Marta Khomyn, Tony Klein, Olga Klein, Alexander Klos, Michael Koetter, Jan Pieter Krahnen, Aleksey Kolokolov, Robert A. Korajczyk, Roman Kozhan, Amy Kwan, Quentin Lajaunie, FY Eric C Lam, Marie Lambert, Hugues Langlois, Jens Lausen, Tobias Lauter, Markus Leippold, Vladimir Levin, Yijie Li, (Michael) Hui Li, Chee Yoong Liew, Thomas Lindner, Oliver B. Linton, Jiacheng Liu, Anqi Liu, Guillermo Llorente, Matthijs Lof, Ariel Lohr, Francis A. Longstaff, Alejandro Lopez-Lira, Shawn Mankad, Nicola Mano, Alexis Marchal, Charles Martineau, Francesco Mazzola, Debrah Meloso, Roxana Mihet, Vijay Mohan, Sophie Moinas, David Moore, Liangyi Mu, Dmitriy Muravyev, Dermot Murphy, Gabor Neszveda, Christian Neumeier, Ulf Nielsson, Mahendrarajah Nimalendran, Sven Nolte, Lars L. Norden, Peter O'Neill, Khaled Obaid, Bernt Arne Ødegaard, Per Östberg, Marcus Painter, Stefan Palan, Imon Palit, Andreas Park, Roberto Pascual, Paolo Pasquariello, Lubos Pastor, Vinay Patel, Andrew J. Patton, Neil D. Pearson, Loriana Pelizzon, Matthias Pelster, Christophe Pérignon, Cameron Pfiffer, Richard Philip, Tomáš Plíhal, Puneet Prakash, Oliver-Alexander Press, Tina Prodromou, Tālis J. Putniņš, Gaurav Raizada, David A. Rakowski, Angelo Ranaldo, Luca Regis, Stefan Reitz, Thomas Renault, Rex Wang Renjie, Roberto Renò, Steven Riddiough, Kalle Rinne, Paul Rintamäki, Ryan Riordan, Thomas Rittmannsberger, Iñaki Rodríguez-Longarela, Dominik Rösch, Lavinia Rognone, Brian Roseman, Ioanid Rosu, Saurabh Roy, Nicolas Rudolf, Stephen Rush, Khaladdin Rzayev, Aleksandra Rzeźnik, Anthony Sanford, Harikumar Sankaran, Asani Sarkar, Lucio Sarno, O. Scaillet, Stefan Scharnowski, Klaus Reiner Schenk-Hoppé, Andrea Schertler, Michael Schneider, Florian Schroeder, Norman Schuerhoff, Philipp Schuster, Marco A. Schwarz, Mark S. Seasholes, Norman Seeger, Or Shachar, Andriy Shkilko, Jessica Shui, Mario Sikic, Giorgia Simion, Lee A. Smales, Paul Söderlind, Elvira Sojli, Konstantin Sokolov, Laima Spokeviciute, Denitsa Stefanova, Marti G. Subrahmanyam, Sebastian Neusüss, Barnabas Szaszi, Oleksandr Talavera, Yuehua Tang, Nicholas Taylor, Wing Wah Tham, Erik Theissen, Julian Thimme, Ian Tonks, Hai Tran, Luca Trapin, Anders B. Trolle, Giorgio Valente, Robert A. Van Ness, Aurelio Vasquez, Thanos Verousis, Patrick Verwijmeren, Anders Vilhelmsson, Grigory Vilkov, Vladimir Vladimirov, Sebastian Vogel, Stefan Voigt, Wolf Wagner, Thomas Walther, Patrick Weiss, Michel van der Wel, Ingrid M. Werner, P. Joakim Westerholm, Christian Westheide, Evert Wipplinger, Michael Wolf, Christian C. P. Wolff, Leonard Wolk, Wing-Keung Wong, Jan Wrampelmeyer, Shuo Xia, Dacheng Xiu, Ke Xu, Caihong Xu, Pradeep K. Yadav, José Yagüe, Cheng Yan, Antti Yang, Woongsun Yoo, Wenjia Yu, Shihao Yu, Bart Zhou Yueshen, Darya Yuferova, Marcin Zamojski, Abalfazl Zareei, Stefan Zeisberger, S. Sarah Zhang, Xiaoyu Zhang, Zhuo Zhong, Z. Ivy Zhou, Chen Zhou, Xingyu Sonya Zhu, Marius Zoican, Remco C. J. Zwinkels, Jian Chen, Teodor Duevski, Ge Gao, Roland Gemayel, Dudley Gilder, Paul Kuhle, Emiliano Pagnotta, Michele Pelli, Jantje Sönksen, Lu Zhang, Konrad Ilczuk, Dimitar Bogoev, Ya Qian, Hans C. Wika, Yihe Yu, Lu Zhao, Michael Mi, Li Bao, Andreea Vaduva, Marcel Prokopczuk, Alejandro Avetikian and Zhen-Xing Wu
Vrije Universiteit Amsterdam, Stockholm School of Economics - Department of Economics, University of Innsbruck - Department of Economics, University of Innsbruck, Stockholm School of Economics - Department of Economics, University of Innsbruck, University of Innsbruck, VU University Amsterdam, Universidad de Alicante, Bar-Ilan University - Graduate School of Business Administration, International Monetary Fund, Princeton University - Department of Economics, CNRS, University of Oxford, University of Technology Sydney, EMLV Business School Paris, University of Chicago - Booth School of Business, Wilfrid Laurier University, Georgetown University - McDonough School of Business, University of Mannheim, Tennessee Technological University, EM Lyon (Ecole de Management de Lyon) - Emlyon Business School, University of St. Gallen, Swiss Finance Institute - HEC Lausanne, University of Innsbruck, BI Norwegian Business School, University of Memphis, Northwestern University - Pritzker School of Law, Universidad EAFIT, University of Illinois at Chicago - Department of Finance, VU University Amsterdam, Technische Universität Berlin, Lebanese American University, Universitat Pompeu Fabra - Faculty of Economic and Business Sciences, Toulouse Business School - TBS Education, Monash University, Université Paris I Panthéon-Sorbonne - Centre d'Economie de la Sorbonne (CES), Vrije Universiteit Amsterdam, University of Padua - Department of Statistical Sciences, University of Memphis - Fogelman College of Business and Economics, University of Amsterdam Business School, Saint Louis University - Richard A. Chaifetz School of Business, UCLA Anderson, Waseda University, University of San Francisco, Emory University - Department of Finance, Australian National University (ANU), Goethe University Frankfurt Faculty of Economics and Business Administration, HEC Paris - Finance Department, University of Melbourne - Department of Finance, Macquarie University - Faculty of Business and Economics, Nottingham Trent University, University of Liège - HEC Liège, Babson College - Finance Division, Polytechnic University of Marche - Department of Management, University of Zurich - Department of Economics, Toulouse School of Economics, Masaryk University, KU Leuven - Faculty of Business and Economics (FEB), Nottingham Trent University - Nottingham Business School, Catholic University of Louvain (UCL) - Louvain Finance (LFIN), Erasmus University Rotterdam (EUR), George Washington University, University of Hohenheim, Queen's University (Canada), Queen's School of Business, The Brattle Group, Faculty of Business and Economics, Dresden University of Technology, ESADE Business School, EDHEC Business School, The University of Sydney - Discipline of Finance, Stockholm Business School, Stockholm University, Salisbury University - Perdue School of Business, Cardiff Business School, VU University Amsterdam, University of Queensland - Business School, Georgetown University - Department of Economics, University of Wisconsin - Milwaukee - Department of Finance, University of Technology Sydney, Bank of England, Ibn Tofail University, Politecnico di Milano, Public Company Accounting Oversight Board, Macquarie University, University of New South Wales - School of Banking and Finance, HEC Paris - Finance Department, City University London - Bayes Business School, Universita della Svizzera italiana (USI Lugano), Open University of the Netherlands - School of Management, Ghent University - Department of Financial Economics, University of Essex - Essex Business School, Radboud University Nijmegen - Institute for Management Research, Ardea Investment Management, University of Vienna, Utrecht University - School of Economics, Universitat Pompeu Fabra, Columbia University, Utrecht University, Monash University - Department of Banking and Finance, University of Glasgow - Adam Smith Business School, University of Tübingen, HEC Montreal - Department of Finance, Stockholm University - Stockholm Business School, University of Liège - HEC Liège, Aalto University, American University - Department of Finance and Real Estate, University of Southern California - Marshall School of Business - Finance and Business Economics Department, Vienna University of Economics and Business, Aix-Marseille University - Aix-Marseille School of Economics, University of Vienna - Department of Statistics and Operations Research, Xi'an Jiaotong-Liverpool University (XJTLU), University of Utah - David Eccles School of Business, University of Zurich - Department of Economics, University of California, Berkeley - Haas School of Business, West Virginia University - John Chambers College of Business and Economics, Department of Finance, University of Gothenburg - Centre for Finance, Missouri State University - College of Business, European Central Bank (ECB), Indiana University - Kelley School of Business - Department of Finance, University of Miami - School of Business Administration - Department of Economics, Bank for International Settlements, Northeastern University - D'Amore-McKim School of Business, University of Orleans, VU University Amsterdam, University of New Mexico, Cardiff University, Saint Joseph University, Columbia University, Bank of England, Aalto University, University of Sussex, Universite du Luxembourg, Durham University, VU University Amsterdam, Ludwig Maximilian University of Munich (LMU), Aalto University, University of Manchester, Queen's University Belfast - Queen's Management School, Pontificia Universidad Católica de Chile, HEC Montreal, University of Adelaide, Chemnitz University of Technology (CUT) - Department of Economics, University of Warwick - Warwick Business School, University of Kiel - Institute for Quantitative Business and Economics Research (QBER), Halle Institute for Economic Research, Goethe University Frankfurt, University of Manchester - Manchester Business School, Northwestern University - Kellogg School of Management, University of Warwick - Warwick Business School, University of New South Wales (UNSW), Square Research Center, Independent Researcher, University of Liège - HEC Liège, HEC Paris - Finance Department, Goethe University Frankfurt - Faculty of Economics and Business Administration, Leibniz University Hannover, University of Zurich, Universite du Luxembourg, S&P Global Ratings, La Trobe University, UCSI University, Malaysia, Vienna University of Economics and Business, University of Cambridge, Purdue University, The University of Sydney, Universidad Autonoma de Madrid, Aalto University, Arizona State University (ASU) - Finance Department, University of California, Los Angeles (UCLA) - Finance Area, University of Florida - Department of Finance, Insurance and Real Estate, North Carolina State University - Department of Business Management, Swiss Finance Institute - USI Lugano, EPFL, University of Toronto - Rotman School of Management and UTSC Management, ESCP Europe - ESCP Europe - Turin Campus, Toulouse Business School - TBS Education, Swiss Finance Institute - HEC Lausanne, Independent, Universite de Toulouse 1 Capitole, Loyola Marymount University, Queen's University Belfast, Michigan State University - Department of Finance, University of Illinois at Chicago, John von Neumann University - MNB Institute, Macquarie University, Copenhagen Business School, University of Florida - Department of Finance, Insurance and Real Estate, Radboud University, Stockholm University - Stockholm Business School, UNSW Australia Business School, School of Banking and Finance, California State University-East Bay, University of Stavanger, University of Zurich - Department of Banking and Finance, Saint Louis University - Department of Finance, University of Graz, Royal Melbourne Institute of Technolog (RMIT University) - Blockchain Innovation Hub, University of Toronto, Universidad de las Islas Baleares, University of Michigan, Stephen M. Ross School of Business, University of Chicago - Booth School of Business, University of Technology Sydney (UTS), Duke University - Department of Economics, University of Illinois at Urbana-Champaign - Department of Finance, Goethe University Frankfurt - Faculty of Economics and Business Administration, University of Duisburg-Essen - Mercator School of Management, HEC Paris - Finance Department, University of Oregon - Department of Finance, University of Sydney Business School, Masaryk University - Department of finance, Missouri State University, Copenhagen Business School, The University of Wollongong, University of Technology Sydney (UTS), Indian Institute of Management, Ahmedabad, University of Texas at Arlington, University of Basel - Faculty of Business and Economics, University of Turin, University of Kiel, Université Paris I Panthéon-Sorbonne - Centre d'Economie de la Sorbonne (CES), Vrije Universiteit Amsterdam, ESSEC Business School, University of Toronto, Universite du Luxembourg - Department of Finance, Aalto University, Queen's University - Smith School of Business, University of Innsbruck, Stockholm University - Stockholm Business School, State University of New York at Buffalo - School of Management, University of Edinburgh Business School, Oklahoma State University, HEC Paris - Finance Department, University of Quebec at Montreal (UQAM) - Faculty of Management (ESG), University of Lausanne, Bowling Green State University - Department of Finance, University of Edinburgh, York University - Schulich School of Business, HEC Montreal - Department of Finance, New Mexico State University, Federal Reserve Bank of New York, University of Cambridge - Judge Business School, Swiss Finance Institute - University of Geneva, University of Mannheim, The University of Manchester - Department of Economics, University of Graz, Deutsche Bundesbank, Macquarie University, Swiss Finance Institute - HEC Lausanne, University of Stuttgart, Heinrich Heine University Dusseldorf - Duesseldorf Institute for Competition Economics (DICE), Arizona State University (ASU), VU Amsterdam - School of Business and Economics, Federal Reserve Bank of New York, Wilfrid Laurier University - Lazaridis School of Business and Economics, Federal Housing Finance Agency, University of Zurich, Vienna University of Economics and Business, University of Western Australia, University of St. Gallen, University of New South Wales (UNSW), University of Memphis - Fogelman College of Business and Economics, Cardiff University, Universite du Luxembourg, New York University (NYU) - Leonard N. Stern School of Business, Aalto University, Eötvös Loránd University, University of Birmingham, University of Florida - Department of Finance, University of Bristol Business School, University of New South Wales (UNSW), University of Mannheim - Finance Area, Karlsruhe Institute of Technology, University of Bristol - Department of Finance and Accounting, Loyola Marymount University - Department of Finance, University of Bologna, Copenhagen Business School, Hong Kong Institute for Monetary and Financial Research (HKIMR), University of Mississippi - Department of Finance, Instituto Tecnológico Autónomo de México (ITAM) - Department of Business Administration, Vlerick Business School, Erasmus University Rotterdam (EUR), Lund University - Department of Economics, Frankfurt School of Finance & Management, University of Amsterdam Business School, Erasmus University Rotterdam (EUR), University of Copenhagen, Erasmus University Rotterdam (EUR), Utrecht University - School of Economics, Reykjavik University, Erasmus University Rotterdam, The Ohio State University - Fisher College of Business, University of Sydney Business School, University of Vienna - Department of Finance, Vrije Universiteit Amsterdam, School of Business and Economics, University of Zurich - Department of Economics, University of Luxembourg, VU University Amsterdam, Asia University, Department of Finance, Vrije Universiteit Amsterdam, School of Business and Economics, Halle Institute for Economic Research, University of Chicago - Booth School of Business, University of Victoria, Stockholm University - Stockholm Business School, University of Oklahoma Price College of Business, University of Murcia, University of Essex, Erasmus University Rotterdam, Central Michigan University, Aalto University, Columbia University, Singapore Management University - Lee Kong Chian School of Business, Norwegian School of Economics (NHH) - Department of Finance, University of Gothenburg, Centre for Finance, Stockholm University, Radboud University, Institute for Management Research, University of Manchester - Alliance Manchester Business School, Vrije Universiteit Amsterdam (VU Amsterdam), University of Melbourne - Department of Finance, University of Wollongong - School of Accounting, Economics & Finance, Erasmus University Rotterdam (EUR), Bank for International Settlements (BIS) - Monetary and Economic Department, University of Calgary - Haskayne School of Business, Vrije Universiteit Amsterdam, School of Business and Economics, Queen's University, HEC Paris, University of Birmingham, King’s College London, Cardiff Business School, Universidad Autonoma de Madrid, Singapore Management University, University of Zurich - Department of Finance, University of Tübingen, University of Luxembourg, affiliation not provided to SSRN, EDF Energy, United Kingdom, Aalto University, Norges Bank, State University of New York (SUNY) - Buffalo, Southwestern University of Finance and Economics (SWUFE), The University of Sydney, University of Toulouse Capitole, UC3M, University of Reading - ICMA Centre, Pontificia Universidad Católica de Chile and Zhongnan University of Economics and Law - School of Finance
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Citation 7

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nonstandard errors, multi-analyst study, liquidity

2.
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Citation 73

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 13,117 (660)
Citation 1

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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 Last Revised: 29 Oct 2022
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 193 (294,902)

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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 (1,126,020)
Citation 9
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long-run, risk, stock, variance

3.
Downloads 9,990 ( 1,082)
Citation 257

Dissecting Green Returns

Fama-Miller Center Working Paper, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 55 Posted: 11 Jun 2021 Last Revised: 30 Aug 2023
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 8,612 (1,387)
Citation 11

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sustainable investing, ESG, green factor, greenium, green bond

Dissecting Green Returns

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2021-70
Number of pages: 55 Posted: 18 Jun 2021 Last Revised: 15 Jun 2022
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 1,297 (29,812)
Citation 2

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Sustainable investing, ESG, environment, climate change, green bonds

Dissecting Green Returns

NBER Working Paper No. w28940
Number of pages: 56 Posted: 21 Jun 2021 Last Revised: 28 Jan 2023
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 81 (577,244)
Citation 9

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Dissecting Green Returns

CEPR Discussion Paper No. DP16260
Number of pages: 58 Posted: 14 Jul 2021 Last Revised: 23 Jun 2022
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
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Citation 240
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ESG, green bonds, green factor, greenium, sustainable investing

4.
Downloads 8,661 ( 1,381)
Citation 481

Sustainable Investing in Equilibrium

Chicago Booth Research Paper No. 20-12, Fama-Miller Working Paper, Journal of Financial Economics (JFE), Forthcoming, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 54 Posted: 19 Dec 2019 Last Revised: 30 Aug 2023
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 8,122 (1,539)
Citation 103

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sustainable investing, socially responsible investing, ESG, social impact

Sustainable Investing in Equilibrium

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-24
Number of pages: 53 Posted: 24 Mar 2020
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 455 (120,040)
Citation 62

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sustainable investing, socially responsible investing, ESG, social impact

Sustainable Investing in Equilibrium

NBER Working Paper No. w26549
Number of pages: 55 Posted: 16 Dec 2019 Last Revised: 17 Jul 2023
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 84 (564,279)
Citation 22

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Sustainable Investing in Equilibrium

CEPR Discussion Paper No. DP14171
Number of pages: 57 Posted: 17 Dec 2019 Last Revised: 16 Jun 2020
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
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Citation 339
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ESG, social impact, Socially responsible investing, sustainable investing

5.
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Citation 1,721

Liquidity Risk and Expected Stock Returns

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 5,144 (3,328)
Citation 21

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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 Last Revised: 17 Aug 2022
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 417 (133,021)

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Liquidity Risk and Expected Stock Returns

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 (902,573)
Citation 193
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Asset pricing, liquidity risk, expected returns

6.
Downloads 4,997 ( 3,537)
Citation 214

Scale and Skill in Active Management

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 51 Posted: 01 Sep 2013 Last Revised: 11 Aug 2020
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 4,236 (4,595)
Citation 9

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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 437 (125,950)
Citation 1

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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 192 (296,330)

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Scale and Skill in Active Management

NBER Working Paper No. w19891
Number of pages: 51 Posted: 11 Feb 2014 Last Revised: 08 May 2023
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 128 (418,025)

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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
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Citation 22
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mutual funds, returns to scale, skill

7.
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Citation 114

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 4,310 (4,456)

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Learning in Financial Markets

NBER Working Paper No. w14646
Number of pages: 30 Posted: 19 Jan 2009 Last Revised: 10 Jul 2022
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 182 (311,136)
Citation 44

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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
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Citation 10
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Bayesian, bubble, predictability, uncertainty, volatility

Learning in Financial Markets

Posted: 04 Jun 2010
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business

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8.
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Citation 150

Technological Revolutions and Stock Prices

CRSP Working Paper No. 606, AFA 2007 Chicago Meetings Paper, EFA 2006 Zurich Meetings
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 3,467 (6,416)
Citation 17

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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 Last Revised: 15 Dec 2022
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 526 (100,827)
Citation 69

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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
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Citation 20
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Bubble, railroads, technology, innovation

9.
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Citation 99

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 3,617 (5,984)
Citation 1

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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 130 (413,076)

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On the Size of the Active Management Industry

NBER Working Paper No. w15646
Number of pages: 45 Posted: 18 Jan 2010 Last Revised: 03 Apr 2022
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 101 (499,869)
Citation 34

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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
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Citation 22
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active management, learning, returns to scale

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
Yale SOM, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 3,410 (6,595)
Citation 2

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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
Yale SOM, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 181 (312,628)
Citation 3

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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 Last Revised: 19 Feb 2023
Bryan T. Kelly, Lubos Pastor and Pietro Veronesi
Yale SOM, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 173 (325,620)
Citation 12

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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
Yale SOM, University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
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Citation 42
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options, political uncertainty

11.
Downloads 3,707 ( 5,849)
Citation 429

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 3,127 (7,539)
Citation 16

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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 298 (192,813)

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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 216 (265,774)
Citation 6

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Political Uncertainty and Risk Premia

NBER Working Paper No. w17464
Number of pages: 59 Posted: 30 Sep 2011 Last Revised: 22 Mar 2023
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 64 (660,135)
Citation 1

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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
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Citation 67
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Bayesian, government, learning, political, put, risk premium, uncertainty

12.
Downloads 3,141 ( 7,624)
Citation 104

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 2,971 (8,202)
Citation 4

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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 Last Revised: 21 Sep 2022
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 101 (499,869)

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Predictive Systems: Living with Imperfect Predictors

NBER Working Paper No. w12814
Number of pages: 59 Posted: 07 Jul 2012 Last Revised: 08 Jul 2022
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 66 (649,241)
Citation 6

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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
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Citation 49
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Expected stock return, predictability, predictive regression, predictive system, state space model

13.
Downloads 3,095 ( 7,800)
Citation 451

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 2,735 (9,304)
Citation 8

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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 269 (214,272)
Citation 7

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Uncertainty About Government Policy and Stock Prices

NBER Working Paper No. w16128
Number of pages: 62 Posted: 29 Jun 2010 Last Revised: 26 Jan 2023
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 88 (547,828)

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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 3 (1,187,989)
Citation 75
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government, learning, stock, uncertainty

14.

Steering a Ship in Illiquid Waters: Active Management of Passive Funds

Number of pages: 117 Posted: 28 Mar 2022 Last Revised: 19 Jul 2023
Naz Koont, Yiming Ma, Lubos Pastor and Yao Zeng
Columbia University - Columbia Business School, Columbia University - Columbia Business School, University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 2,924 (8,546)

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ETFs, liquidity transformation, market liquidity, active management

15.
Downloads 2,772 ( 9,273)
Citation 75

Do Funds Make More When They Trade More?

Journal of Finance, Forthcoming, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 53 Posted: 16 Nov 2014 Last Revised: 11 Aug 2020
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 2,562 (10,342)

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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 140 (389,308)

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Do Funds Make More When They Trade More?

NBER Working Paper No. w20700
Number of pages: 51 Posted: 24 Nov 2014 Last Revised: 24 Jul 2023
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 69 (633,731)
Citation 11

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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
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active management, mutual funds, performance, skill, turnover

16.
Downloads 2,518 (10,828)
Citation 122

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 2,211 (13,091)
Citation 2

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Judging Fund Managers by the Company They Keep

NBER Working Paper No. w9359
Number of pages: 48 Posted: 06 Dec 2002 Last Revised: 30 Jul 2022
Harvard Business School - Finance Unit, Harvard Business School - Finance Unit and University of Chicago - Booth School of Business
Downloads 276 (208,744)
Citation 2

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Judging Fund Managers by the Company They Keep

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 (893,416)
Citation 7
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Mutual funds, performance evaluation, persistence

17.
Downloads 2,331 (12,245)
Citation 52

Political Cycles and Stock Returns

Chicago Booth Research Paper No. 17-01, Fama-Miller Working Paper
Number of pages: 41 Posted: 01 Feb 2017 Last Revised: 28 May 2019
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 2,269 (12,570)
Citation 52

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political cycles, risk aversion, presidential puzzle

Political Cycles and Stock Returns

NBER Working Paper No. w23184
Number of pages: 42 Posted: 21 Feb 2017 Last Revised: 08 May 2022
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 61 (676,855)

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Political Cycles and Stock Returns

CEPR Discussion Paper No. DP11864
Number of pages: 44 Posted: 02 Mar 2017 Last Revised: 22 Oct 2018
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
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political cycles, presidential puzzle, risk aversion

18.
Downloads 2,067 (14,808)
Citation 36

Fund Tradeoffs

Journal of Financial Economics (JFE), Forthcoming, Chicago Booth Research Paper No. 20-10, Fama-Miller Working Paper , Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 55 Posted: 02 Aug 2017 Last Revised: 12 Aug 2020
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 1,998 (15,344)
Citation 9

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fund tradeoffs, fund characteristics, portfolio liquidity, diversification

Fund Tradeoffs

NBER Working Paper No. w23670
Number of pages: 55 Posted: 17 Aug 2017 Last Revised: 06 Mar 2022
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 67 (644,003)
Citation 2

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Portfolio Liquidity and Diversification: Theory and Evidence

CEPR Discussion Paper No. DP12195
Number of pages: 49 Posted: 11 Aug 2017
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
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Diversification, Mutual funds, portfolio liquidity

Fund Tradeoffs

CEPR Discussion Paper No. DP12513
Number of pages: 44 Posted: 19 Dec 2017 Last Revised: 22 Oct 2018
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
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Diversification, Mutual funds, portfolio liquidity

Mutual Fund Performance and Flows During the COVID-19 Crisis

Chicago Booth Research Paper No. 20-18, Fama-Miller Working Paper
Number of pages: 49 Posted: 10 Jul 2020 Last Revised: 14 Aug 2020
Lubos Pastor and Blair Vorsatz
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 1,661 (20,533)
Citation 5

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COVID-19, mutual funds, sustainability

Mutual Fund Performance and Flows During the COVID-19 Crisis

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-96
Number of pages: 40 Posted: 10 Jul 2020
Lubos Pastor and Blair Vorsatz
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 216 (265,774)
Citation 2

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Mutual Fund Performance and Flows During the Covid-19 Crisis

NBER Working Paper No. w27551
Number of pages: 50 Posted: 24 Jul 2020 Last Revised: 13 Apr 2023
Lubos Pastor and Blair Vorsatz
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 168 (334,184)
Citation 2

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Mutual Fund Performance and Flows During the COVID-19 Crisis

CEPR Discussion Paper No. DP15033
Number of pages: 42 Posted: 28 Jul 2020 Last Revised: 26 Aug 2020
Lubos Pastor and Blair Vorsatz
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
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Citation 85
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COVID-19, Mutual funds, sustainability

20.
Downloads 2,029 (15,225)
Citation 3

Green Tilts

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper, University of Chicago, Becker Friedman Institute for Economics Working Paper, The Wharton School Research Paper Forthcoming
Number of pages: 81 Posted: 31 May 2023 Last Revised: 24 May 2024
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
Downloads 2,016 (15,110)

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ESG, sustainable investing, portfolio tilt

Green Tilts

NBER Working Paper No. w31320
Number of pages: 82 Posted: 12 Jun 2023 Last Revised: 26 Jun 2023
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School
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Citation 2
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21.
Downloads 1,857 (17,552)
Citation 10

Liquidity Risk After 20 Years

Chicago Booth Research Paper No. 19-13, Fama-Miller Working Paper
Number of pages: 25 Posted: 15 Apr 2019 Last Revised: 10 May 2019
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 1,780 (18,448)
Citation 8

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liquidity, liquidity risk, liquidity factor, liquidity beta

Liquidity Risk after 20 Years

NBER Working Paper No. w25774
Number of pages: 23 Posted: 30 Apr 2019 Last Revised: 05 Jun 2022
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 75 (604,252)
Citation 4

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Liquidity Risk after 20 Years

CEPR Discussion Paper No. DP13680
Number of pages: 28 Posted: 24 Apr 2019
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
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liquidity, liquidity beta, liquidity factor, liquidity risk

22.
Downloads 1,774 (18,887)
Citation 153

Was There a NASDAQ Bubble in the Late 1990s?

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 1,586 (22,046)
Citation 5

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Was There a NASDAQ Bubble in the Late 1990s?

NBER Working Paper No. w10581
Number of pages: 52 Posted: 06 Jul 2004 Last Revised: 01 Dec 2022
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 171 (328,976)

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Was There a NASDAQ Bubble in the Late 1990s?

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 (1,037,090)
Citation 8
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Bubble, valuation, uncertainty

23.
Downloads 1,541 (23,456)
Citation 327

Stock Valuation and Learning About Profitability

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 1,270 (30,683)
Citation 1

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Stock Valuation and Learning About Profitability

NBER Working Paper No. w8991
Number of pages: 49 Posted: 13 Jun 2002 Last Revised: 28 Jul 2022
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 239 (241,169)
Citation 110

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Stock Valuation and Learning About Profitability

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 32 (884,364)
Citation 28
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Valuation, learning, uncertainty, profitability, market to book

Stock Valuation and Learning About Profitability

Posted: 14 Oct 2003
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business

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Inequality Aversion, Populism, and the Backlash Against Globalization

Chicago Booth Research Paper No. 20-11, Fama-Miller Working Paper
Number of pages: 58 Posted: 01 Aug 2018 Last Revised: 05 Dec 2020
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 1,417 (26,101)
Citation 8

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inequality, populism, globalization, Brexit, Trump

Inequality Aversion, Populism, and the Backlash Against Globalization

NBER Working Paper No. w24900
Number of pages: 56 Posted: 22 Aug 2018 Last Revised: 16 Jul 2023
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 40 (817,416)
Citation 3

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Inequality Aversion, Populism, and the Backlash Against Globalization

CEPR Discussion Paper No. DP13107
Number of pages: 58 Posted: 21 Aug 2018 Last Revised: 28 May 2020
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 1 (1,210,047)
Citation 19
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Brexit, Globalization, inequality, populism, Trump

25.

Investing in Equity Mutual Funds

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 1,425 (26,345)
Citation 22

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mutual funds, portfolio selection

Fifty Shades of QE: Comparing Findings of Central Bankers and Academics

Number of pages: 40 Posted: 28 Sep 2020 Last Revised: 08 Apr 2021
National Bank of Slovakia, European Central Bank, Harvard University - Business School (HBS) and University of Chicago - Booth School of Business
Downloads 681 (72,698)
Citation 5

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economic research, quantitative easing, QE, central bank, career concerns

Fifty Shades of QE: Comparing Findings of Central Bankers and Academics

Chicago Booth Research Paper No. 20-31, Fama-Miller Working Paper
Number of pages: 40 Posted: 17 Sep 2020 Last Revised: 05 Feb 2021
National Bank of Slovakia, European Central Bank, Harvard University - Business School (HBS) and University of Chicago - Booth School of Business
Downloads 279 (206,358)
Citation 2

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economic research, quantitative easing, QE, central bank, career concerns

Fifty Shades of QE: Comparing Findings of Central Bankers and Academics

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-128
Number of pages: 40 Posted: 16 Sep 2020 Last Revised: 05 Feb 2021
National Bank of Slovakia, European Central Bank, Harvard University - Business School (HBS) and University of Chicago - Booth School of Business
Downloads 160 (348,641)

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economic research, quantitative easing, QE, central bank, career concerns

Fifty Shades of QE: Comparing Findings of Central Bankers and Academics

ECB Working Paper No. 2021/2584
Number of pages: 153 Posted: 11 Aug 2021
National Bank of Slovakia, European Central Bank, Harvard University - Business School (HBS) and University of Chicago - Booth School of Business
Downloads 102 (496,307)
Citation 3

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Fifty Shades of QE: Comparing Findings of Central Bankers and Academics

Number of pages: 40 Posted: 19 Mar 2021
National Bank of Slovakia, European Central Bank, Harvard University - Business School (HBS) and University of Chicago - Booth School of Business
Downloads 44 (786,776)
Citation 2

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economic research, quantitative easing, QE, central bank, career concerns

Fifty Shades of QE: Comparing Findings of Central Bankers and Academics

NBER Working Paper No. w27849
Number of pages: 41 Posted: 28 Sep 2020 Last Revised: 04 Feb 2023
National Bank of Slovakia, European Central Bank, Harvard University - Business School (HBS) and University of Chicago - Booth School of Business
Downloads 27 (931,115)

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Fifty Shades of QE: Comparing Findings of Central Bankers and Academics

CEPR Discussion Paper No. DP15449
Number of pages: 43 Posted: 02 Dec 2020 Last Revised: 14 May 2021
National Bank of Slovakia, European Central Bank, Harvard University - Business School (HBS) and University of Chicago - Booth School of Business
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Citation 6
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Asset Pricing Models: Implications for Expected Returns and Portfolio Selection

Number of pages: 43 Posted: 27 Aug 1998
A. Craig Mackinlay and Lubos Pastor
University of Pennsylvania - The Wharton School, Finance Department and University of Chicago - Booth School of Business
Downloads 1,096 (37,960)

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Asset Pricing Models: Implications for Expected Returns and Portfolio Selection

NBER Working Paper No. w7162
Number of pages: 41 Posted: 12 Jul 2000 Last Revised: 29 Jul 2022
A. Craig Mackinlay and Lubos Pastor
University of Pennsylvania - The Wharton School, Finance Department and University of Chicago - Booth School of Business
Downloads 188 (302,107)
Citation 13

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28.
Downloads 1,258 (31,632)
Citation 3

Stock Prices and IPO Waves

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 1,128 (36,387)

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Stock Prices and IPO Waves

NBER Working Paper No. w9858
Number of pages: 60 Posted: 23 Jul 2003 Last Revised: 10 Dec 2022
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 110 (469,486)

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Stock Prices and IPO Waves

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 (1,003,703)
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29.

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 1,214 (33,300)
Citation 164

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portfolio choice, Bayesian, asset pricing, CAPM

Mutual Fund Performance and Seemingly Unrelated Assets

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 1,135 (36,126)
Citation 24

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Performance evaluation; Mutual funds; Bayesian analysis

Mutual Fund Performance and Seemingly Unrelated Assets

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

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performance evaluation, mutual funds, Bayesian analysis

Evaluating and Investing in Equity Mutual Funds

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 954 (46,183)

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Evaluating and Investing in Equity Mutual Funds

NBER Working Paper No. w7779
Number of pages: 54 Posted: 20 Jul 2000 Last Revised: 05 Oct 2022
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 100 (503,395)

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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 594 (86,493)

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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 287 (200,469)

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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 Last Revised: 16 Dec 2022
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 118 (445,039)
Citation 15

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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
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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 ResearchCornell University - Samuel Curtis Johnson Graduate School of Management and LSV Asset Management
Downloads 813 (57,513)
Citation 2

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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 Last Revised: 19 Aug 2022
University of Chicago - Booth School of Business, Cornerstone ResearchCornell University - Samuel Curtis Johnson Graduate School of Management and LSV Asset Management
Downloads 83 (568,479)

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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 ResearchCornell University - Samuel Curtis Johnson Graduate School of Management and LSV Asset Management
Downloads 11 (1,104,325)
Citation 20
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Implied cost of capital, risk-return tradeoff, international integration

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
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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
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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
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inequality, taxation

Income Inequality and Asset Prices Under Redistributive Taxation

NBER Working Paper No. w21668
Number of pages: 40 Posted: 26 Oct 2015 Last Revised: 17 Mar 2023
Lubos Pastor and Pietro Veronesi
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
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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
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asset pricing, entrepreneurship, inequality, redistribution, taxation

35.

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
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36.
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Citation 107

The Equity Premium and Structural Breaks

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
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The Equity Premium and Structural Breaks

NBER Working Paper No. w7778
Number of pages: 39 Posted: 25 Jul 2000 Last Revised: 14 Sep 2001
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
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Diseconomies of Scale in Active Management: Robust Evidence

Number of pages: 21 Posted: 16 Jul 2021
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School, University of Pennsylvania - The Wharton School and University of Queensland
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returns to scale, diseconomies of scale, active management, robust regression

Diseconomies of Scale in Active Management: Robust Evidence

CEPR Discussion Paper No. DP16376
Number of pages: 24 Posted: 22 Sep 2021
University of Chicago - Booth School of Business, University of Pennsylvania - The Wharton School, University of Pennsylvania - The Wharton School and University of Queensland
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Active management, diseconomies of scale, Returns to Scale, robust regression

38.
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The Capital Markets Union: Key Challenges

Number of pages: 26 Posted: 04 Mar 2018
Franklin Allen and Lubos Pastor
Imperial College London and University of Chicago - Booth School of Business
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Capital Markets Union

The Capital Markets Union: Key Challenges

CEPR Discussion Paper No. DP12761
Number of pages: 29 Posted: 06 Mar 2018
Franklin Allen and Lubos Pastor
Imperial College London and University of Chicago - Booth School of Business
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Capital Markets Union

39.

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
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40.

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
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IPO, waves

41.

Comparing Asset Pricing Models: an Investment Perspective

NBER Working Paper No. w7284
Number of pages: 50 Posted: 05 May 2000 Last Revised: 29 May 2022
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
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42.

Fifty Shades of QE: Robust Evidence

Number of pages: 32 Posted: 22 Mar 2023 Last Revised: 05 Apr 2023
National Bank of Slovakia, European Central Bank, Harvard University - Business School (HBS) and University of Chicago - Booth School of Business
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Economic research, quantitative easing, QE, central bank

43.

Steering a Ship in Illiquid Waters: Active Management of Passive Funds

NBER Working Paper No. w30039
Number of pages: 118 Posted: 16 May 2022 Last Revised: 21 Jul 2023
Naz Koont, Yiming Ma, Lubos Pastor and Yao Zeng
Columbia University - Columbia Business School, Columbia University - Columbia Business School, University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
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44.

Steering a Ship in Illiquid Waters: Active Management of Passive Funds

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2022-65
Number of pages: 53 Posted: 18 May 2022
Naz Koont, Yiming Ma, Lubos Pastor and Yao Zeng
Columbia University - Columbia Business School, Columbia University - Columbia Business School, University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
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45.

Costs of Equity Capital and Model Mispricing

NBER Working Paper No. w6490
Number of pages: 63 Posted: 04 Aug 2000 Last Revised: 26 Sep 2022
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
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46.

Steering a Ship in Illiquid Waters: Active Management of Passive Funds

CEPR Discussion Paper No. DP17283
Number of pages: 54 Posted: 31 May 2022
Naz Koont, Yiming Ma, Lubos Pastor and Yao Zeng
Columbia University - Columbia Business School, Columbia University - Columbia Business School, University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School
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Active management, ETFs, Exchange-traded funds, liquidity transformation

47.

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

The Review of Financial Studies, Vol. 22, Issue 8, pp. 3005-3046, 2009
Posted: 05 Aug 2009
Lubos Pastor, Lucian A. 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

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D83, G32, L26

48.

Liquidity Risk and Expect Stock Returns

Posted: 22 Jul 2003
Lubos Pastor and Robert F. Stambaugh
University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School

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